Iskandar Regional Development Authority (IRDA) collaborates with four new data sharing partners to reinforce Iskandar Malaysia’s Smart City agenda
As we move towards positioning Iskandar Malaysia region as a smart economic corridor of international standing, the federal authority tasked with overseeing the efforts of various initiatives that have been set and implemented have now extended its collaborative network to four new data sharing partners.
Iskandar Regional Development Authority (IRDA) signed a Memorandum of Understanding (MoU) for Iskandar Malaysia Urban Observatory (IMUO) Property Foresight with the Valuation and Property Services Department (JPPH), iProperty.com.my, Nextdor Property Communications, and REI Group which will reinforce Iskandar Malaysia’s Smart City agenda.
The MoU has one key objective which is to share and store data pertaining to property. This property data repository will enhance and improve development and spatial planning. The data bank will act as a provider of better public policies that are benchmarked to international standards by ensuring better coordinated policies and planning processes with local government and agencies.
“The signing of the MoU itself is already considered a milestone achievement. We must work together to move forward as a well-informed society to ensure that Iskandar Malaysia’s Smart City agenda is met,” said Datuk Ismail at the press conference.
Driven by the IMUO platform which is sort of like an application on its own, this initiative musters the expertise and efforts of all parties involved. iproperty, Nextdor, and REI Group will share, if not all, samples of property related data to IMUO. This collection of data will then be verified and approved by the relevant government department that is JPPH. The data repository can then be utilised in future planning and development exercises supported by verified fact and figures.
The Property Foresight initiative will be able to contribute the data and analytics relating to the property sector as a backbone to IMUO together with other data sets that will be shared by the various agencies that IRDA has already partnered with such as ESRI, MIMOS, Frost & Sullivan, SAS, Plan Malaysia, and Department of Statistics Malaysia.
“As you may be aware, Iskandar Malaysia has embarked on the programme of having a one-stop information repository named Iskandar Malaysia Urban Observatory (IMUO). The IMUO is envisioned to produce, manage, and analyse data on the performance of Iskandar Malaysia based on key urban indicators and other thematic issues relevant to local decision-making and global monitoring. This will help to formalise the sharing of data between federal and state authorities, government-linked companies, and the community to create an informed society,” said Datuk Ismail in his speech.
He stressed that while property is not a promoted sector in Iskandar Malaysia, it comes in tandem with the development happening around the region and therefore, it is important that the growth of this sector must also be monitored and well managed.