IWH: The RTS from Singapore will likely land in Tanjung Peteri, JB. Announcement is expected in two months from Dec 2012. The station will be located in Tanjung puteri, which is where the old Woodlands causeway link is located. From here, the plan is also develop a tram system to connect the terminal to other major areas in JB such as Kempas, Bdr Nusajaya and the eastern side of JB.
The development in Tanjung Puteri falls under IWH, primarily the master developer of all water front land in JB, and the redevelopment of the city. Currently the group is owned by Tan Sri Lim Kang Hoo who has a 60% stake through Credence Res Sdn Bhd, with Kumpulan Prasarana Rakyat Johor, a unit owned by the state government holding the rest.
However the group is said to likely to see a shift in the shareholding in the next few months from Dec 2012 as Iskandar Investment Bhd is expected to end up with 20% in IWH. Credence Res’ equity interest is to be reduced to 40%.
IWH is undertaking massive developments in JB on the waterfront and the existing city itself. However development has been slow compared to the speed at which development is taking place in Nusajaya.
IHW has so far sold (Till Dec 2012) less than 160 acres of land for waterfront development, in DangaBay. This is primarily because the development is different as IWH is a developer of water front projects compared with housing and industries in Iskandar Malaysia.
The location of the RTS at Tanjung Puteri would help speed up development in the areas under IWH.
The RTS is part of an agreement between the governments of Malaysia and Singaporelinked in 2010 as part of the relocation of land belonging to KTM bhd in Singapore. In return for giving up the land, the government was given 199 acres of land and Singaporecommitted to build a RTS with a single customer and immigration clearance in Woodlands.
Wing Tai Malaysia:Formerly known as DNP Holdings Bhd, has its mainstay in property development and hospitality business that generates a recurring income apart from retailing garments.
However its retail segment is becoming more prominent contributing rm30 million in earnings for FY2012 or 29% of the company’s total. Its 45% owned associate UNIQLO, meanwhile has started to contribute to the company’s line with 5% of earnings for FY2012.
Growth from retailing should remain exponential as the number of UNIQLO stores doubles to 10 soon.
Its annual revenue from its retail division has been growing steadily over the past five years till Dec 2012.
Current (Dec 2012) is not only undervalues its landbank in Penang and Klang Valleybut also has ignored its retail segment which is growing in significance.
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