Singapore companies upbeat about investment prospects in Iskandar

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Singapore companies are still upbeat about investment prospects in Malaysia, especially in the Iskandar region in Johor.

With the general election and political uncertainties out of the way, some have said it is also a good time to consider raising their investments.

Business relations between Singapore and Malaysia have rarely been on more solid ground.

Singapore companies are among the biggest investors in the Iskandar region.

The project area, greater in size than that of Singapore itself, has attracted S$40 billion in foreign investments.

One such investment is the development of the motorsports hub in Iskandar, led by Singaporean tycoon Peter Lim.

The S$1.4 billion project - expected to be ready by 2016 - will be operated and managed by Mr Lim's Fastrack Autosports company.

Barry Kan, director of Fastrack Autosports, said: "If the government sticks to what they have professed and state... even if there is one or two opposition seats in any state for that matter... (I don't think there) will be a hindrance to businesses.