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Regional Planning Essay

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The materialization of various regional planning authorities contained by the same region should be further studied in order to understand the concept of the regional planning and also the context of implementation for the improvements of the regional planning system in Malaysia. The word of ‘region’ here is used in a wide range concept that defining the cultural factors of population in a region. Thus, it is the aim of the study to explore the concept of Iskandar Malaysia especially from the perspective of regional planning. Iskandar Malaysia is known as one of the most ambitious and impressive development projects which were situated in Johor state on the southernmost tip of Malaysia, neighbour of Singapore. It was designed in accordance …show more content…

It is a common thing to see the bandages of empty apartments with no one living around Iskandar Malaysia. There are lacks of a critical mass of people staying in the area; especially the locals’ peoples and this have led to the main issues of region. In the beginning, the majority of Iskandar Malaysia’s property purchases were made by foreigners. Generally, majority of them who have made the property purchases in Iskandar Malaysia are Singaporeans that were attract by the attractive price tags. Based on this situation, Malaysian used to pay six figure sums in order to owning a house that a few times bigger than our HDB flats for a cheaper price which is incredibly attractive (Wealth, 2014). Regarding to the issues, Malaysia’s 2014 Budget have take an action plans of many of those potential investor. Therefore, foreigners can only purchase property that worth at least RM1 million since the beginning of the year, at the same time they also have to pay more in Real Property Gains Tax and must contend with a 2percent property levy. However, these moves and plan have whittled the number potential property investors in Iskandar (Wealth, 2014). This will led to Iskandar’s housing market continues to struggle, as seen by falling numbers of transactions and project launches last

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