Entries
Saturday, May 05, 2007
This article is about the desicion to develope Johor's waterfront into wat would be The Iskandar development region which covers an area of 2217 sq km, nearly thrice as large as singapore. This project will help with the unemployment rate cutting the unemployed from 4% to about 1.8% as on completion the project will bring in close to a million jobs.
This venture that malaysia is attempting is to complement Singapore's building of the integrated resorts as they say that there will be a spillover of the tourist going to singapore for business or lesiure and that with the Iskandar development project they are hoping to ride on Singapore's wave and to encourage tourist to go over the causeway to see what Malaysia has to offer like theme parks, luxury apartments and shopping malls at Johor's waterfront. I find that Malaysia is trying to take tourist away frm Singapore by coming up with this project, however, others see this like that of Shenzhen and HongKong where like them the IDR and Singapore will feed off each other to a mutual prosperity. This dream may come true, however according to anaylsts Kuala Lumpur's target of attraction nearly US$14billion of investments over the next five years will collaspe if the US economy enters a period of slowdown.
I personally do not think that Malaysia will succed with the IDR which will be completed over a period of 20years as if you go up to Malaysia you can see that many of their apartments are fairly run down and they do not really maintain their buildings. Recently, me and my family went on a holiday to Penang where we saw a few flats which had moss growing and was already turning black from exposure to the elements. What suprised me was that these flats were just recently completed and that already they were in such a condition. If malaysians can't maintain their buildings how would they maintain the first few buildings that would be built under the IDR. Would it mean that a few months after completion the building would deteriorate? If this is the case how would the buildings be over the 20 years taken to complete the IDR. Thus this is why i think that Malaysia would not be able to develope the IDR into its full potential.
This article was taken from the 5th of may straits times.
This venture that malaysia is attempting is to complement Singapore's building of the integrated resorts as they say that there will be a spillover of the tourist going to singapore for business or lesiure and that with the Iskandar development project they are hoping to ride on Singapore's wave and to encourage tourist to go over the causeway to see what Malaysia has to offer like theme parks, luxury apartments and shopping malls at Johor's waterfront. I find that Malaysia is trying to take tourist away frm Singapore by coming up with this project, however, others see this like that of Shenzhen and HongKong where like them the IDR and Singapore will feed off each other to a mutual prosperity. This dream may come true, however according to anaylsts Kuala Lumpur's target of attraction nearly US$14billion of investments over the next five years will collaspe if the US economy enters a period of slowdown.
I personally do not think that Malaysia will succed with the IDR which will be completed over a period of 20years as if you go up to Malaysia you can see that many of their apartments are fairly run down and they do not really maintain their buildings. Recently, me and my family went on a holiday to Penang where we saw a few flats which had moss growing and was already turning black from exposure to the elements. What suprised me was that these flats were just recently completed and that already they were in such a condition. If malaysians can't maintain their buildings how would they maintain the first few buildings that would be built under the IDR. Would it mean that a few months after completion the building would deteriorate? If this is the case how would the buildings be over the 20 years taken to complete the IDR. Thus this is why i think that Malaysia would not be able to develope the IDR into its full potential.
This article was taken from the 5th of may straits times.
LIVING.out.of.REALITY;
6:43 AM
