Iskandar Capital, a subsidiary of Iskandar Investment Berhad, has unveiled the development of a 3,000-acre sustainable mixed-income housing project located in Wawari, Iskandar Puteri. Seen as an escalated version of the Rumah Mampu Biaya Johor (RMBJ), also known as Value Homes (VH) and Value Plus Homes (VPH), the project aims to focus on the B40 and M40 income bracket.
The project was made official at a document exchange ceremony held in Iskandar Puteri on February 10th and was attended by Johor state representative Datuk Mohd Ridha Abd Kadir. He also expressed his eagerness for the project to bring the government and private sector together for the better of the state.
“I am very pleased with Iskandar Investment Bhd’s effort to understand the aspiration of Johor government and embark on an inclusive and sustainable project such as the MIH in Wawari, Iskandar Puteri. The MIH project is a perfect example of ensuring holistic development and harmonious living of integrated communities,” he said.
Iskandar Investment president and CEO Datuk Khairil Anwar Ahmad also commented on the project, calling the MIH a means to promote fair, inclusive and affordable housing, that will see low and middle-income groups living in unity as neighbours.
The event also hallmarks the company's efforts to improve living conditions and agricultural activities to contribute to the state's food security initiative with the partnership of Marquis Oil Sdn Bhd, Universiti Putra Malaysia, Awana Asia Sdn Bhd and Geo Sense Sdn Bhd.
The project is expected to minimize segregation issues through the creation of a diverse community with the introduction of sustainable infrastructure and facilities such as rainwater harvesting, solar panel, green spaces and canopy trees, and waste management.
Development is planned to kickstart in 2023 and is estimated to be completed in 2026.
Photo Credit: Iskandar Puteri