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Old March 19th, 2014, 07:09 AM   #1
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FOREST CITY | Iskandar Johor (Johor Bahru Baru - JBB) | U/C

Country Garden @ Danga Bay ---> 50 acres of Land
Forest City (Reclaimed Island) --> >1000 acres of Land


Country Garden, KPRJ plan massive reclamation development for luxury homes



PETALING JAYA: China’s Country Garden Holdings Co Ltd and Kumpulan Prasarana Rakyat Johor (KPRJ) have drawn out plans for a massive reclamation project to build luxury homes near Pendas in southern Johor near Singapore, according to sources.

Sources said that the project could entail a land area of “a few thousand acres,” which would make it one of Iskandar Malaysia’s single largest projects.

It isn’t clear how much Country Garden is pumping into the project, but going by its size, it would dwarf the Hong Kong-listed firm’s first project in Danga Bay, which only covered an area of 50 acres or 20ha, for which it had paid RM900mil.


The new project is being dubbed Forest City.



Industry sources said that such a reclamation project would probably be the largest reclamation project in the country, and that the parties embarking on it would have to have deep pockets.

Country Garden had cash and bank deposits amounting to 21.51 billion yuan (RM11.37bil) as at June 30, 2013.


KPRJ, on the other hand, is the state government’s investment arm. It owns 30% inIskandar Waterfront Holdings Sdn Bhd (IWH), which, in turn, has 1,619ha of land inIskandar Malaysia.


Country Garden is already well-known in the Iskandar region for its maiden project in Malaysia, Country [email protected] Bay, which surprised the Malaysian property market when it launched 9,000 condominium units at one go last year.


The RM10bil project is built on the land in Danga Bay it had acquired for RM900mil in December 2012.


It is understood that the new project by the Country Garden-KPRJ joint venture, which is situated near the second link crossing to Singapore, will also become a new tourism hub.


Previous reports have indicated that the Johor government might also consider creating Malaysia’s biggest duty-free zone in this reclaimed land area, leveraging on its proximity to Singapore.

The location of the new Country Garden-KPRJ development is also close to Singapore tycoon Peter Lim’s multi-billion-ringgit Motorsports City project, which will include a Formula One-compliant racing test track as well as showrooms, garages and entertainment outlets spread over 109ha.

The new Country Garden-KPRJ project illustrates the growing interest among mainland China developers in Iskandar. The Chinese already have a strong presence in the southern region.


Besides Country Garden, another developer, Guangzhou R&F Properties Co Ltd, made a record-breaking deal when it paid RM4.5bil or RM891 per sq ft to the Sultan of Johor for 47ha of land in the vicinity of the old Customs, Immigration and Quarantine Complex.


Sources said there were at least another three China developers in talks to acquire land in Iskandar.


Meanwhile, the sale of reclaimed land seems to be also becoming a trend in Johor. Prior to this, IWH had sold a 28.33ha man-made island at Danga Bay to Temasek Holdings Pte Ltd and CapitaLand Ltd for RM800mil, while the land Guangzhou R&F bought is partially reclaimed land.




Source:http://www.thestar.com.my/Business/B...-luxury-homes/


https://www.youtube.com/watch?v=TctHfh142fs

Last edited by davidwsk; January 3rd, 2015 at 12:11 PM.
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Old March 19th, 2014, 10:49 AM   #2
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Very massive project... But if they're going to build it under the 2nd Link, what about the fact that this area is actually like a no-man's land in the border zone between MY and SG?

I'm guessing that access to this exclusive island is only via the 2nd Link and requires passport-checking, because of this rather interesting location!
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Old March 19th, 2014, 11:08 AM   #3
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Imagine no passport, no tax, duty free...

A new metropolis is coming soon.
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Old March 19th, 2014, 12:37 PM   #4
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will either country even allow reclamation in such location?
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Old March 19th, 2014, 01:32 PM   #5
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So that land belongs to Malaysia?
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Old May 9th, 2014, 08:11 PM   #6
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Last edited by davidwsk; June 19th, 2014 at 09:42 AM.
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Old May 9th, 2014, 08:59 PM   #7
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Some are building single tower (oklah few towers), Country Garden is building the whole city.
At least >1000 towers here....JB, God bless.
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Old May 10th, 2014, 06:59 AM   #8
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Is on reclaimed land sumore!
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Old May 10th, 2014, 01:11 PM   #9
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Last edited by The Psychedelic Furs; May 10th, 2014 at 01:28 PM.
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Old May 10th, 2014, 11:50 PM   #10
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Quote:
Originally Posted by FNNG View Post
So that land belongs to Malaysia?
No, it belongs to China lol! Soon the liberation army will set up camp there.....
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Old May 30th, 2014, 07:41 AM   #11
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Land reclamation project linked to royalty set to
ruffle Malaysia-Singapore ties, says report



A view of the Malaysia-Singapore Second Link (Linkedua) from Singapore.
A report said that massive land reclamation works on the Malaysian side of the link threaten
to strain ties between the two countries.
– Pic courtesy Calvin Teo / Wikimedia Commons, May 30, 2014.




A massive land reclamation and development project backed by the Johor royal household ‎is causing
a wrinkle in the close Malaysia-Singapore ties, the Edge Review reported today.

Quoting sources in its Informer column, the paper reported that China’s Country Gardens Holding Co Ltd has secured
rights from the Johor government to reclaim as much as 2,000 hectares of land on the Johor coast for a luxury residential project.

The multi-billion dollar project will extend the Johor coast around the so-called Second Link right up to
the edges of the boundary separating Malaysia and Singapore, it said.

The Edge Review reported that the Malaysian side of the Johor-Singapore link is creating unease in the island state.

link : http://www.themalaysianinsider.com/m...fle-malaysia-s
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Old May 30th, 2014, 08:35 AM   #12
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If not mistaken, reclaimation has already started
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Old June 10th, 2014, 09:32 AM   #13
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China developer to boost projects here

10 June 2014


UPBEAT MODE: Country Garden plans to expand into new areas in Johor, Selangor, Sabah and Sarawak

CHINA-based property developer Country Garden Holdings Co Ltd is upbeat to further boost projects in Malaysia, especially in the mixed-development sector.

The Hong-Kong Stock Exchange-listed company, through its Malaysian regional concern, Country Garden Properties (Malaysia) Sdn Bhd, is well-known here for its maiden project in Malaysia, the Country [email protected] Bay, when it launched 9,000 condominium units at one go last year.

The company’s Malaysian operations contributed seven to 10 per cent to the group’s overall revenue of about 100 billion renminbi (RM52.4 billion) last year.

As one of the top 10 property developers in China, Country Garden is also set to launch another mega project in Semenyih, Selangor, this week.

Called the Country Garden Diamond City, the low-density project offers comfortable and spacious homes. The project encompasses a 50,000 sq ft of clubhouse and commercial area with state-of-the-art amenities.

Country Garden regional president for the Malaysia project, Kayson Yuen, said the company sees Malaysia as a good place for investment as the country is now moving towards a high-income nation status.

“In addition to that, the recent 40 years anniversary of friendship that Malaysia and China share is a comforting sign for China-based developers to jointly develop businesses here,” he said when met at the Country Garden’s regional office here last week.

Yuen said Country Garden is set to expand into new areas in Johor, Selangor, Sabah and Sarawak.

However, he said the company is still looking into suitable locations in Kota Kinabalu, Sabah.

In Johor, Yuen revealed that the company has identified an area close to the Second Link in Gelang Patah for a long-term mix development township, which will commence by next year.

It is learnt that the project in question is part of a highly talked about Forest City, comprising luxury homes near Pendas, in south Johor, which will be built on a land reclamation site.

The project, believed to be covering a large land area, will be Johor’s single largest project to date.

However, Yuen declined to reveal details about the project, only that it will be a 30-year project, that will see landed properties, highrise buildings, commercial areas and industrial zones in a township.

On the company’s other ventures, he said the company will focus on the Country Garden Diamond City project as it will be the company’s first landed property project in Malaysia.

“We would like to do our best for the project that has both classical and Spanish architecture elements. It is to move away from the modernist designs that most developers offer now,” Yuen said.

Country Garden is introducing Spanish architecture to its link houses, bungalows and mansions, fitting them with high quality hand-crafted decorations and murals.

The company is collaborating with local developer Mayland Group, which has the same vision of creating a villa city in Greater Kuala Lumpur.

Established in 1992 in Shunde, Guangzhou, Country Garden has created more than 100 projects for over 600,000 homeowners in the Asia Pacific region.

More: http://www.nst.com.my/business/natio...#ixzz346IQIC3h
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Old June 16th, 2014, 12:16 PM   #14
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Published: Monday June 16, 2014 MYT 12:00:00 AM
Updated: Monday June 16, 2014 MYT 8:30:54 AM


China-Malaysia developers plan 5,000-acre man-made island off Johor

by ng bei shan


Yuen(pic): ‘We are still very confident with Malaysia’s fundamentals

SEMENYIH: The property slowdown in China and Hong Kong is not a deterrent for China’s property developer Country Garden Holdings Co Ltd.

The company, together with Johor’s economic development arm, Kumpulan Prasarana Rakyat Johor (KPRJ), have planned for a development over 5,000 acres (2,023.43ha) of reclaimed land in a project spanning more than 30 years.

The project, which will include a man-made island, will be near the second link in Johor and a study on the matter was done more than a year ago.

In an interview with StarBiz, Country Garden’s regional president for Malaysia project Kayson Yuen said the China-based company had studied the mega project, known as “Forest City”, for more than a year before it decided to invest in it.





“We decided in the investment because the land cost was reasonable. I cannot remember the exact price but we have committed towards the project,” he said.

Yuen also stressed that the slowdown in China did not have any impact on their overseas ventures.

“This is because we are able to collect a bigger deposit for our projects in China and this helps with cash flow,” said Yuen.

In March this year, StarBiz reported that the Hong-Kong listed company was joining hands with KPRJ to build a massive man-made island near Pendas, Johor, for luxury homes.

“This will be a massive mixed development and the investment and commitment shows our confidence in the Malaysia market,” he said, adding that it had hired local contractors for the reclamation works and engaged an Australian consultant who had reclamation experience at Sentosa Island, Singapore.

The man-made island that had started works, however, raised eyebrows due to environmental concerns, among others.

Country Garden intended to announce the project in March but held it back due to the incident of the missing flight MH370.

Yuen conceded that the aviation mishap, which involved many passengers from mainland China, had affected sentiments of home buyers from that country but he was quick to acknowledge that the political rapport between China and Malaysia was strong and would help bring back relations to normalcy in time.

“It is only a matter of time before the confidence level of Chinese buyers recovers. We are still very confident with Malaysia’s fundamentals,” he said, adding that the company had studied this new market for a long time before penetrating into the country.

Malaysia is Country Garden’s maiden overseas venture. But it is no stranger, having made headlines with its massive project in Danga Bay, Johor, that is estimated to have a gross development value of RM18bil.

In August 2013, Country Garden attracted attention when it announced the sale of 6,000 out of its 9,000 units of condominiums on its development in Danga Bay. It attracted attention because a project of such a scale had not been seen in Malaysia.

It prompted allegations that the high take-up rate was due to huge discounts offered by Country Garden. There were reports that it even offered “buy-one-free-one” for its buyers from China.

Yuen rubbished speculation that the company employed a “buy-one-free-one” approach to lure buyers.

“People who made those claims do not have knowledge of the property market. There is no logic in it,” he said.

Apart from Johor, Country Garden also has projects in Selangor. In the Klang Valley, it plans to launch the project in Serendah with its 55:45 joint-venture partner Malaysia Land Properties Sdn Bhd (Mayland) this year.

The 67.58ha project has a gross development value (GDV) of RM1.5bil.

Its other project in Selangor is known as Diamond City in Semenyih. The RM2bil project, which was launched officially over the weekend, received overwhelming response with some 60% of the offered units sold.

Country Garden Properties (M) Sdn Bhd managing director Chai Keng Wai, who also represents Mayland, said he was confident that the remaining units would be fully taken up in “a few weeks’ time.”

He said people had booked most of the units since the soft launch of the project last year.

Prices for its link houses, bungalows and mansions range from RM378 psf to RM430 psf while built-up sizes start from 2,300 sq ft to 8,600 sq ft.

The first phase of Diamond City sits on a 40ha tract and counts a clubhouse, a Spanish-style commercial street and an infinity pool as some of its facilities. Its selling points include its Spanish-inspired design as well as ready-built show village and amenities.

Country Garden is one of the top 10 developers in China and has more than 20 years of experience in township development.


http://www.thestar.com.my/Business/B...ect-off-Johor/
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Old June 21st, 2014, 07:46 AM   #15
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Published: Saturday June 21, 2014 MYT 12:00:00 AM
Updated: Saturday June 21, 2014 MYT 12:36:39 PM

Singapore concern over Johor project

by mergawati zulfakar

PETALING JAYA: An ambitious project which will see massive land reclamation work near the Johor Second Link has raised eyebrows across the Causeway.

The project called Forest City, which is said to involve several connected islands with a total land size of about 2,000ha – bigger than Pangkor island – could have potential transboundary effects and Singapore is concerned.

Singapore Prime Minister Lee Hsien Loong has written to his Malaysian counterpart Datuk Seri Najib Tun Razak about the project.

This is a follow-up to two third-person notes from Singapore on the matter that were sent to the Foreign Ministry last month.


Another letter was handed to Minister in the Prime Minister’s Department Datuk Seri Wahid Omar when he was in Singapore for a bilateral meeting recently.

Singapore started voicing its concern after a report appeared in The Star in March on the project by China’s Country Garden Holdings Co Ltd and Kumpulan Prasarana Rakyat Johor.

The project will involve land reclamation to build luxury homes on man-made islands off Pendas in southern Johor.

So far, there have been no indications of environment impact assessment reports over the projects. However, reclamation of parcels of less than 50ha each do not require EIAs.

Parties close to royalty are believed to be linked to the project, which will be developed over more than 30 years.

In a recent The Star report, Kayson Yuen, Country Garden regional president for Malaysia project, said the company had studied the mega project for more than a year before it decided to invest.

Singapore’s first diplomatic note asked Malaysia to provide all relevant information, including an EIA report and an estimate of the project’s completion.




Changing landscape: An aerial view of the Second Link crossing from the Singapore side of Tuas.


Singapore then sought clarification and explanation via the second note following Johor Mentri Besar Datuk Seri Khaled Nordin’s assurance in the state assembly recently that the reclamation work would not affect the environment.

The mentri besar was reported to have said that the state government had issued a notice to the developer, Country Garden Pacific View Sdn Bhd, to prepare an action plan to effectively clear any sediment caused by the reclamation work.

Industry sources said the concerns raised by Singapore should be taken seriously.

They said the fact that Singapore chose to raise its concerns at the government-to-government level when land development was a state matter indicated that the island republic was taking the issue very seriously.

“It becomes a federal matter when transboundary and environmental issues are involved,” said one source.

“Singapore is using all channels to raise the matter so Malaysia needs to take this seriously.”




Land being reclaimed in the Straits of Johor.

Malaysian government officials were tight lipped, but assured that there were discussions ongoing with the other side and that relevant agencies in Johor had been asked to provide more details on the project.

There is also a concern that Singapore may lodge a protest with the International Tribunal of the Law of the Sea (ITLOS) in Hamburg over the reclamation project.

Malaysia went to ITLOS in 2003 when Singapore started land reclamation work, totalling 5,214ha at the eastern and western parts of the Straits of Johor.

ITLOS then directed both countries to conduct a joint study and propose mitigating measures in Tuas and Pulau Tekong.

It also directed Singapore not to conduct reclamation that may cause irreparable damage to Malaysia’s interests or serious harm to the area’s marine environment.

http://www.thestar.com.my/News/Natio...ial-transboun/
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Old June 21st, 2014, 09:40 AM   #16
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AsiaOne @sphasiaone · 6h
Booming presence of developers in Johor has sparked concerns in Singapore due to massive land reclamation works. http://fb.me/3q1viCG8B

http://news.asiaone.com/news/malaysi...ape?page=0%2C0

-------------------------------------------------------------------------------------------------------------------------

This website explains how the reclamation may impact Singapore's environment.

http://www.rsis.edu.sg/nts/HTML-News...-feb-1401.html

Last edited by buttercarp; June 21st, 2014 at 10:10 AM.
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Old June 21st, 2014, 04:41 PM   #17
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News from CNA.

Quote:
Singapore “concerned” on impact of Malaysia's reclamation works
By Chitra Kumar
POSTED: 21 Jun 2014 22:12


The Ministry of Foreign Affairs (MFA) has said that given Singapore’s proximity to Johor, it is "naturally concerned" about any possible transboundary impact on the country from Malaysian property development projects that involve reclamation works in the Straits of Johor.

SINGAPORE: The Ministry of Foreign Affairs (MFA) has said that given Singapore’s proximity to Johor, it is "naturally concerned" about any possible transboundary impact on the country from Malaysian property development projects that involve reclamation works in the Straits of Johor.

MFA was responding to queries following reports in the Malaysian media that Prime Minister Lee Hsien Loong had written to his Malaysian counterpart Najib Razak concerning the land reclamation works near the Second Link.

The MFA spokeswoman also said that there are international obligations for both Malaysia and Singapore authorities to work closely on such matters.

Malaysian reports say the project -- called Forest City -- is said to involve several connected islands with a total land size of some 2,000 hectares.

The reports added that Mr Lee had asked Malaysia to provide all relevant information, including an Environmental Impact Assessment report and an estimate of the project's completion date.

It has also been reported that Mr Lee's letter follows earlier diplomatic notes sent by Singapore to Malaysia's Foreign Ministry.

MFA has confirmed that it has asked the Malaysian authorities to provide more information, so that it can undertake a study as soon as possible on the impacts of the reclamation works on Singapore and the Straits.

The ministry said Malaysia has agreed to do so and Singapore hopes to receive the information soon.

- CNA/nd
source: CNA
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Old June 23rd, 2014, 10:38 AM   #18
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Published: Monday June 23, 2014 MYT 4:04:00 PM
Updated: Monday June 23, 2014 MYT 4:05:28 PM

Reclamation work at Johor Straits only involves 49 acres, no EIA report needed




JOHOR BARU: Reclamation work under the “Forest City” project, that is feared by Singapore to have a possible impact on the island republic, does not require the Environmental Impact Assessment (EIA) report as the area reclaimed is not more than 50 acres.

According to the Johor Director of the Department of Environment (DOE)

Mokhtar Abdul Majid, currently reclamation works at the Johor Straits, near the Gelang Patah Second Link, only involved an area measuring 49 acres.

“As the area reclaimed is not more than 50 acres, it does not require the EIA report,” he told Bernama on Monday when asked about the sea reclamation works that drew concern from the Singapore government.



He confirmed that the sea reclamation work at the Johor Straits was being implemented by a developer from China, Country Garden Holdings Ltd and a subsidiary of the Johor state government, Kumpulan Prasarana Rakyat Johor (KPRJ).

Mokhtar said the reclamation work began in early March and were expected to be completed within eight months.

Two days ago, the Singapore Foreign Ministry had expressed concern over the possibility of cross border effects on the republic as a result of the real estate development project at the Johor Straits.

Its spokesman said there was an international responsibility on the part of the Malaysian authorities and Singapore to cooperate on this matter and asked Malaysia to submit information of the reclamation work concerned.
Mokhtar said the Johor DOE had already submitted certain information on the Forest City sea reclamation project measuring 49 acres to the DOE headquarters for further action. – Bernama

http://www.thestar.com.my/News/Natio...lves-49-acres/
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Old June 23rd, 2014, 11:09 AM   #19
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Looks like each round they reclaim less than 50 acres. In wonder project has a timeline of 30 years. I wonder what would be the final reclaim size.
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Old June 23rd, 2014, 11:39 AM   #20
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Source :http://www.themalaysianinsider.com/bahasa/article/projek-pen ambakan-pantai-johor-dijalankan-walaupun-tiada-eia-kata-sumber





The Forest City may need to renamed as Port City given so close proximity to PTP.
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