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Old February 20th, 2008, 02:54 AM   #261
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Good start for SP Setia project

PETALING JAYA: SP Setia Bhd's Setia Eco Gardens project in Pulai, Johor Baru, garnered RM23mil sales at its maiden launch last Sunday.

The sales were derived from two types of single-storey homes – Messius and Sotira – with starting price of RM185,800 and two models of double-storey houses, Norbana and Visellia, priced from RM249,800, SP Setia said in a statement.

Group managing director and chief executive officer Tan Sri Liew Kee Sin said: “We are excited to expand the reach of our ecologically-friendly development concept to house buyers in Johor.

“We believe this unique model, which strikes a fine balance between nature and the built environment, will capture the interest of the increasingly eco-conscious public.”

Setia Eco Gardens is a “forward-thinking futuristic” township modelled after SP Setia’s award-winning brand of “Eco” themed developments.

The 949-acre project is set to have 10,000 properties on completion in about eight years.
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Old February 20th, 2008, 02:55 AM   #262
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RM1b GDV for East Ledang

By ZAZALI MUSA

[email protected]

NUSAJAYA: UEM Land Sdn Bhd expects to generate RM1bil in gross development value (GDV) from its latest property project, East Ledang, here.

Director for strategic marketing and corporate communications Zulkifli Tahmali said the project, which would be launched on Saturday, would take five to seven years to complete.

He said phase one, comprising 139 units of link duplexes priced from RM500,000 and twin villas costing at least RM850,000, was expected to be ready by mid-2009.

“East Ledang is the first resort residential development to take place within the Iskandar Development Region (IDR),” he told a media tour yesterday.

Upon completion, the project – on 111.28ha of freehold land – would have 861 units of high-end residential properties, Zulkifli said, adding that it would cater for local upgraders, new residents of the IDR, Singaporeans and expatriates based in the republic.

He said UEM Land was banking on the project’s location, which was easily accessible from Singapore via the Second Link crossing, generous space and pricing to attract foreign buyers.

Other projects coming up in Nusajaya include Medical City, EduCity, an international destination resort, Johor State New Administrative Centre and Puteri Harbour.

Zulkifli said the spiralling prices of private homes in Singapore would push professionals and expatriates there to start looking elsewhere.

“Johor is obviously the best choice for them,” he said, adding that UEM Land had recently arranged private viewing for potential buyers from both sides of the causeway.

He said the company would take part in the City Scape Asia exhibition in Singapore in April and the Dubai City Scape expo in October to woo foreign buyers.
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Old February 20th, 2008, 03:14 AM   #263
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SJIC, Oakwood to build serviced apartments in IDR jointly

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KUALA LUMPUR: South Johor Investment Corporation Bhd’s (SJIC) project development vehicle Kota Selat Tebrau (KST) is partnering Oakwood Asia Pacific Pte Ltd for the first serviced apartments project in the Iskandar Development Region (IDR).

The development of the Oakwood Residence Johor, located in in Danga Bay, Johor Bahru, will take up one 22-storey tower with 235 serviced apartments priced at RM900,000 per unit.

The development is part of a larger residential project that comprises a podium and two other towers of 40 storeys. Construction of the three residential towers is due to begin in April.


“At KST, we are looking forward to rolling out developments in Danga Bay in 2008. We foresee that Iskandar (IDR) will grow to be a regional destination and will be an important market for the region with continuous influx of global visitors seeking to either set up their businesses or expand existing operations,” KST director Arlida Ariff said in a statement yesterday

“Being a luxury brand and located at Danga Bay, Oakwood Residence Johor will provide targeted international travellers an alternative to four- and five-star hotels,” he added.

Commenting on the partnership, Oakwood Asia Pacific managing director PG Matthew said: “Oakwood Residence Johor will set new standards of serviced accommodation in Johor and will be positioned to cater to the short and extended stay needs of executives from multinational corporations and expatriates relocating to the city.”
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Old February 22nd, 2008, 06:52 AM   #264
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latest project in jb???? by ksl group....

KSL City



Bestari Mall


Conrtact : 07-5122888
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Old February 25th, 2008, 12:32 PM   #265
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Indeed impressive.

Any update on its sales?

And construction progress?
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Old February 28th, 2008, 03:06 AM   #266
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Plenitude unveils Tebrau City Residences

KUALA LUMPUR: Plenitude Bhd has launched Tebrau City Residences, the first serviced apartments project in Johor Baru, which is integrated in a “city within a city” concept at Tebrau City.

Tebrau City Residences, comprising 1,088 units, is designed for modern city living next to three retail malls - AEON Jusco mall and the upcoming Tesco and IKEA outlets.

Executive chairman Chua Elsie said in a statement the launch was for the first parcel with 472 units and the rental yield was projected at 8%.

She said the project was expected to continue to increase in value due to land appreciation in the area and within the Iskandar Development Region.– Bernama
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Old February 28th, 2008, 02:35 PM   #267
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IKEA to open at tebrau city?
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Old February 28th, 2008, 03:24 PM   #268
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Progress Of Work

Quote:
Originally Posted by tahoo View Post
Indeed impressive.

Any update on its sales?

And construction progress?

The project is in progress now. Last few days when I passed by it's at its concreting stage.... At least up to 5-7 storeys now. Update when I've chance to take some photos there! I like it's high level swimming pool which can have great view to the town
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Old February 29th, 2008, 03:53 AM   #269
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E&O plans luxury homes in IDR

By FINTAN NG

PETALING JAYA: Eastern & Oriental Bhd (E&O) is exploring the possibility of a high-end residential property development in the Iskandar Development Region (IDR).

The company signed a memorandum of understanding (MoU) with Kuwait Finance House (M) Bhd (KFH) for the development of a 195-acre in the IDR in mid-February.

E&O managing director Datuk Tham Ka Hon in an e-mail reply to StarBiz said details were being finalised for the proposed joint-venture development with KFH.

“The MoU provides for a six-month period for both parties to sign the joint-venture agreement,” he said.

E&O signed an MoU with Cultural Cluster Sdn Bhd, a subsidiary of KFH, in mid-February to jointly develop the parcel, which is designated as the Heritage District within the 624-acre Cultural Cluster of Node 1.

KFH - together with Khazanah Nasional Bhd and Jumeirah Capital - were awarded a 99-year leasehold concession last August to develop the Cultural Cluster.

Tham said the development would be in line with the group's strategy of developing premium properties with unique concepts to meet the needs of the discerning segment of the market.

He said the group was in a stronger cash position following the sale of its 50.6% stake in Putrajaya Perdana Bhd for RM199mil.

“Assets amounting to RM1bil have been identified within the group that will be maintained as investments from which we'll be able to enjoy recurring income as well as capital appreciation,” Tham said.

He added that these included retail and office properties in the Klang Valley and Penang.

The group also plans to expand its hospitality and lifestyle division in Penang with the addition of 150 rooms to the Eastern & Oriental Hotel and 50 rooms to the Lone Pine hotels while 60 serviced apartments from the Suites at Waterside project in Seri Tanjung Pinang would be eventually managed by the E&O Hotel, he said.

Meanwhile, E&O's results for its third quarter ended Dec 31 saw the company posting a net profit of RM89.63mil.

This is largely due to a one-off gain from the disposal of the Putrajaya Perdana stake. Revenue was at RM86.61mil.

It also announced a special dividend less 26% income tax.

Analysts said the group's outlook remained bright although there was a 49% fall in its third-quarter revenue compared with the second quarter because new projects were not launched.

For the nine months ended Dec 31, there was a decline in revenue largely due to the absence of revenue from Putrajaya Perdana.

Hwang-DBS Vickers Research Sdn Bhd analyst Tan Siang Hing said in a research note that “the strategy of focusing on property investment allows the group to generate recurring income that should improve its earning quality.”

In another research note, Kenanga Research said despite a drop in revenue there was a 12% growth in sales in the nine months to Dec 31.

This was partly driven by a 53% increase in revenue from the hospitality business and increased take-up rates and more launches from Seri Tanjung Pinang.

It said estimated net profit for the financial year ending March 31 (FY08) would be revised down by 23% to RM140mil to account for the third-quarter result, which was below market expectations.

The outlook for the fourth quarter would be much stronger due to RM217mil in unbilled sales.
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Old February 29th, 2008, 04:41 PM   #270
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NUMED CAMPUS IN IDR TO BE COMPLETED IN 2011
Bernama - Saturday, March 1

KUALA LUMPUR, Feb 29 (Bernama) -- Newcastle University Medicine Malaysia (NUMed Malaysia Sdn Bhd) expects its campus in the Iskandar Development Region (IDR) to be completed in 2011. The first and second intakes of students will study at Newcastle University in Britain for the first two years of the five-year programme, and return to Malaysia for the remaining three years of studies at IDR, South Johor Investment Corporation Bhd (SJIC) said in a statement here today. NUMed will begin employing Malaysian lecturers next year, who will also spend their first two years teaching at Newcastle University before returning to IDR in 2011, it said. Higher Education Minister Datuk Mustapa Mohamed handed over the letter of invitation to Newcastle University''s Dean of International Medical Education, Professor Reg Jordan, today. Mustapa said the campus will enable students to obtain Newcastle University medical degrees at about half the cost of doing so in Britain, which is around RM1 million for a five-year programme. NUMed will be housed in the IDR under its EduCity concept, which is a fully integrated education hub where all the educational disciplines will come together to create an extraordinary environment for students and academicians. SJIC said EduCity will provide a platform for faculties from world-renowned universities to work together within a multi-varsity university environment. SJIC will be developing the campus, accommodation and recreational facilities for EduCity, and is currently finalising the design of the campus. Infrastructure work is expected to begin in the third quarter of this year

Last edited by travellator; February 29th, 2008 at 04:47 PM.
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Old March 3rd, 2008, 03:15 AM   #271
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Plenitude launches Tebrau City Residences project
Published: 2008/03/03



PROPERTY developer Plenitude Bhd has launched its Tebrau City Residences project, a first-of-its-kind serviced apartments in Johor Baru which is integrated in a "city within a city" concept.

Tebrau City Residences is designed to suit the lifestyle of modern city living and the only one to be surrounded by three international retail malls, namely the AEON Jusco mall, and the upcoming Tesco and IKEA malls.



The project consists of 1,088 freehold serviced apartments fronting AEON Jusco mall.

There are four designs with three- and four-bedroom apartments ranging from 1,089 sq ft to 1,882 sq ft per unit. Prices range from RM133 per sq ft to RM175 per sq ft.

"We expect the price to further appreciate upon completion of the project in June 2009 as the location, convenience and amenities offered by Tebrau City Residences are one of its kind in Johor," Plenitude executive chairman Elsie Chua said in a statement.

Tebrau City Residences will also have an in-house pool, gym, sauna and badminton courts as well as easy and secured residence access to carpark bays and other amenities. The service charge for maintenance of common areas and facilities is 14 sen per sq ft.

"Our current launch is the first parcel with 472 units, which has received good response. The rental yield at this area is projected at eight per cent and is expected to continue to increase due to land appreciation in this area and within the Iskandar Development Region," she added.
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Old March 4th, 2008, 10:20 AM   #272
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Setia Eco Gardens brings green living to Johor


A picture of the stream that runs through the Setia Eco Gardens

KUALA LUMPUR: SP Setia’s newest eco-themed project, Setia Eco Gardens in Johor Baru, is set to bring a different living experience and capture the interest of the increasingly eco-conscious public upon its full completion within the next eight years.

The 949-acre development is located next to Johor’s new administrative center in Bandar Nusajaya, within the heart of the Iskandar Development Region (IDR).

“Setia Eco Gardens is a forward-thinking, futuristic township modelled after SP Setia’s international-award-winning Setia Eco Park in Shah Alam,” said SP Setia’s group managing director and chief executive officer Tan Sri Liew Kee Sin. The flagship Setia Eco Park won the World’s Best Master Plan Development award in the Fiabci Prix d’Excellence Awards 2007.

SP Setia’s eco concept is based on sustainable development and preserving natural land by minimising disturbances to its surroundings during the construction process. Already, the developer has identified 28 species of native trees and shrubs for preservation purposes. According to Liew, Setia Eco Gardens will maintain 80% of the native tree species in the development, which include a collection of forest, fruit trees and herb species.

Setia Eco Gardens is a joint venture project with Topasia Projects Sdn Bhd and has a total gross development value (GDV) of RM2 billion for approximately 10,000 units of properties. The mixed township is divided into nine individual zones and comprises residential and commercial developments.

There will be a combination of 1- and 2-storey terraced houses, semi-detached houses, bungalows, apartments and shop offices.

According to Liew, there is a natural stream running across the tract and the developer has planned for extensive waterways and gardens to create a lush eco sanctuary with about 15 acres set aside for a town park.

In terms of architecture, Liew said SP Setia has brought in the eco element into the homes with common features such as roof top gardens, courtyards and practical layouts that promote good ventilation and natural lightings to bring the outdoors in.

The maiden launch last month, comprising 1- and 2-storey homes, raked in sales of RM23 million. Prices started from RM185,000 onwards for the 1-storey homes that offered built-ups of 1,243 sq ft to 1,307 sq ft and RM249,000 onwards for 2-storey houses that have built-ups of 1,796 sq ft to 1,926 sq ft. The cumulative GDV for this first phase is RM60 million.

“We have seen huge interest from working professionals in the IDR corridor, notably Bandar Nusajaya, residents from Pontian as well as Johor Baru city folks who are enticed by the eco concept and top-notch education facilities,” Liew said, adding they would be targeting foreigners, especially Singaporeans, given the site’s proximity to the Second Link Crossing for their higher-end properties.

Earlier, the developer announced that the Sri Tenby International School – an international institution offering both British and Malaysian curriculums for pre-school, primary and secondary education – will be built, while the SJK (C) Pai Tze from Tangkak, will be relocated to the township.

On SP Setia’s landbank, Liew said it had a remaining undeveloped landbank of 4,947-acres for current and future projects and plans to launch another five projects this year with an expected total GDV of RM5.34 billion. These include four residential projects in Malaysia with a cumulative total of 189-acres, consisting of super-luxurious bungalows, high-end condominiums, terrace and semidees. The other is a 558-acre mixed township called EcoLakes in Vietnam, targeted for launch by the second half of this year.
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Old March 5th, 2008, 03:46 AM   #273
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UEM Land targets foreign property buyers

By ZAZALI MUSA

NUSAJAYA: UEM Land Sdn Bhd is eyeing international buyers for its high-end residential properties in Nusajaya city within the Iskandar Development Region (IDR).

Managing director Wan Abdullah Wan Ibrahim said apart from Singaporeans and expatriates based in the republic, it was also targeting European and Middle Eastern buyers.


From left: Nusajaya state assemblyman Datuk Abdul Aziz Sapian, Datuk Ikmal Hijaz Hashim, Datuk Ahmad Pardas Senin and Wan Abdullah Wan Ibrahim looking at a model of East Ledang.

He said the latter group would be courted under the Malaysia My Second Home programme due to the strong euro and petrodollar.

“We will be taking part in property shows in Singapore next month and Dubai in October to promote our products in Nusajaya,” Wan Abdullah told StarBiz at the launch of East Ledang on Saturday.

He said the company might engage an international agent to market East Ledang and Puteri Harbour Waterfront Development in Europe and the Middle East.

Also present were Iskandar Development Region Authority chief executive officer Datuk Ikmal Hijaz Hashim and UEM World Bhd group managing director Datuk Ahmad Pardas Senin.

Wan Abdullah said East Ledang was the first resort residential to be developed in south Johor within the IDR.

Phase one comprised 139 link duplexes priced at RM500,000 and twin villas from RM850,000 per unit which would be completed by mid-2009.

Upon completion in five to seven years, the project covering 111.28ha freehold land would have 861 high-end residential units.

Wan Abdullah expected Singaporeans and expatriates working in the republic would be interested in East Ledang based on their response to the Horizon Hills project.

Horizon Hills is a 50:50 joint venture between UEM Land and Gamuda Land Sdn Bhd (a unit of Gamuda Bhd).

“It is timely for Johor to have quality and well-planned residential properties to attract more international buyers,” said Wan Abdullah.
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Old March 5th, 2008, 02:16 PM   #274
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3 firms to invest RM540m in Iskandar properties
Published: 2008/03/05

Quote:
Kota Selat Tebrau, Best Reality Point and Tune Hotels are developing a condominium and hotels along the Danga Bay
THREE Malaysian companies are investing RM540 million in new waterfront properties within the Iskandar Development Region (IDR).

The projects by Kota Selat Tebrau Sdn Bhd (KST), Best Reality Point Sdn Bhd and Tune Hotels Sdn Bhd are coming up at Danga Bay, which is along the 25km stretch of the IDR waterfront.

In a statement today, Johor Menteri Besar Datuk Abdul Ghani Othman said the investments are a clear indication of not only strong foreign interest but also growing local confidence in the IDR.

To date, the IDR has attracted some RM22 billion in total investments, especially from Middle East investors.

The hive of activity has also spurred a property boom at the IDR, with no less than 25 local developers investing billions of ringgit over the past year into new townships and residential schemes.

Abdul Ghani said all indications are that the IDR is on track to achieve its total investment target of RM47 billion by 2010.

“The IDR is the brainchild of the Prime Minister (Datuk Seri Abdullah Ahmad Badawi). We are anxious to roll out all planned projects fast to fully realise his vision for south Johor,” he said.

Ghani, who co-chairs the Iskandar Regional Development Authority (IRDA) with Abdullah, said more announcements about new IDR investments are likely soon.

IRDA is the one-stop regulatory body for the IDR, while the South Johor Investment Corporation (SJIC) - a Khazanah Nasional-linked company - is the master developer and investor in strategic projects.

KST, a special purpose company under the SJIC, is the master developer of waterfront land in Nusajaya and Danga Bay, which are among the two prime locations within the IDR.

The new project announcements by KST, Best Reality Point and Tune Hotels are among the latest developments coming up along the waterfront.

KST will develop the IDR's first high-end serviced condominium called Oakwood Residence Johor (ORJ).

ORJ, a joint venture with Singapore-based Oakwood Asia Pacific Pte Ltd, will occupy a 22-storey tower block offering 235 fully serviced units.

This RM400 million integrated building coming up on a 2.43-ha waterfront site will be jointly developed by KST and Danga Bay Sdn Bhd, said the statement.

Construction is due to start in April.

According to the statement, construction will also start this month on a 371-room four-star hotel by Best Reality Point.

The company is investing RM120 million in the development, including RM11.5 million for land.

The 25-storey hotel, which will be managed by the International Hotel Group, will be ready by mid-2010.

“We are excited about the IDR as a business proposition. I want to commend the Prime Minister for his vision and foresight in opening this growth corridor in Johor,” said company director Mok Tai Dwan.

Tune Hotels, meanwhile, is investing RM20 million to open a 220-room hotel in Danga Bay, with construction scheduled to start by June.

The hotel when ready early next year will have caf and fast food outlets, a 24-hour convenience store, internet room, safe room, male/female surau, self-service laundry and luggage room.

“We already have 25 sites under construction and are looking for more sites in strategic locations,” said Tune Hotels chief executive officer Mark Lankester, pointing out that the company was among the first to make a strategic decision to invest in the IDR in February 2007. — Bernama
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Old March 6th, 2008, 04:49 AM   #275
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RM540m boost for Iskandar region
Published: 2008/03/06


THREE Malaysian companies are investing a total of RM540 million in new waterfront properties within the Iskandar Development Region (Iskandar), Johor Menteri Besar Datuk Abdul Ghani Othman said yesterday.



The projects — by Kota Selat Tebrau Sdn Bhd (KST), Best Reality Point Sdn Bhd and Tune Hotels Sdn Bhd — are all coming up in Danga Bay, which is within a 25km stretch of the Iskandar waterfront.

KST, a special purpose company under the South Johor Investment Corporation (SJIC), is the master developer of waterfront land in Nusajaya and Danga Bay, which are among the two prime locations within the Iskandar.

KST will develop Iskandar’s first high-end serviced condominium called Oakwood Residence Johor (ORJ).


ORJ, a joint venture with Singapore-based Oakwood Asia Pacific Pte Ltd, will occupy a 22-storey tower block offering 235 fully-serviced units. Also to be built are a podium and two 40-storey towers, which will be converted into serviced residences.


This RM400 million integrated-building coming up on a 2.43ha waterfront site will be jointly developed by KST and Danga Bay Sdn Bhd. Construction is due to start in April.

Construction will also start this month on a new 371-room four-star hotel by Best Reality Point. The company is investing RM120 million in the development, including RM11.5 million for land.

The 25-storey hotel, which will be managed by the International Hotel Group, will be ready by mid-2010.

Tune Hotels, meanwhile, is investing RM20 million to open a 220-room hotel in Danga Bay, with construction scheduled to start by June.


The hotel, when ready early next year, will have café and fast-food outlets, a 24-hour convenience store, Internet room, safe room, male/female surau, self-service laundry and luggage room.

Abdul Ghani said to date, Iskandar has attracted some RM22 billion in total investments, and the hive of activity has spurred a property boom in Johor Baru with no less than 25 local developers investing billions of ringgit over the past year into new townships and residential schemes.

Abdul Ghani said all indications are that Iskandar is on track to achieve the total investment target of RM47 billion by 2010.

“The IDR is the brainchild of the Prime Minister. We are anxious to roll out all planned projects fast to fully realise his vision for south Johor,” he said in a statement, adding that more announcements about new Iskandar investments are likely soon.
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Old March 6th, 2008, 05:06 AM   #276
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Local firms to build IDR waterfront projects

By ZAZALI MUSA

JOHOR BARU: Three local companies will undertake new waterfront property projects worth about RM540mil in the Iskandar Development Region (IDR) this year.

Kota Selat Tebrau Sdn Bhd, Best Reality Point Sdn Bhd and Tune Hotels Sdn Bhd have projects slated in Danga Bay, which is within the 25km stretch of the IDR waterfront.


An artist’s impression of Oakwood Residences, Johor Baru
“The investments are a clear indication of confidence not only by foreign investors but also among local investors in the IDR,” Johor Mentri Besar Datuk Abdul Ghani Othman in a statement.

To date, IDR has attracted some RM22bil in investments, especially from Middle Eastern investors. It is on track to achieve the targeted RM47bil by 2010.

He said no less than 25 developers had invested billions of ringgit in the IDR over the past one year.

Ghani, the co-chairman of the Iskandar Development Region Authority (IRDA), said more announcements on IDR investments would be made soon.

Kota Selat Tebrau will develop the IDR’s first high-end serviced condominium, Oakwood Residence Johor (ORJ), which is a joint venture with Singapore-based Oakwood Asia Pacific Pte Ltd.

Oakwood manages serviced apartments in China, India, Indonesia, Japan, South Korea and Thailand, with 19 more properties due to open over the next two years across the Asia-Pacific.

The RM400mil project comprises a 22-storey tower block with 235 fully serviced units, two 40-storey towers which will be converted into serviced residences, and a podium.

Best Reality Point will be investing RM120mil in a 25-storey hotel with 371 rooms which would be managed by the International Hotel Group on its completion in mid-2010.

Tune Hotels is investing RM20mil in its 220-room hotel, with construction to start in June for completion in early 2009.


The no-frills hotel operator plans to open six more hotels this year in Ipoh, Penang, Miri, Kuching, Kota Kinabalu and at the Low Cost Carrier Terminal in Sepang.
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Old March 6th, 2008, 06:21 AM   #277
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Kota Selat Tebrau (KST) Inks LOI with Oakwood Asia Pacific


Media Contact:
Oakwood Residence Sukhumvit 24 Bangkok
15 Sukhumvit 24, Klong Toey, Bangkok
10110, Thailand
(66) 2612 5753
[email protected]


Kota Selat Tebrau (KST) Inks LOI with Oakwood Asia Pacific to jointly develop first serviced apartments in Iskandar Development Region ("Iskandar")

Singapore, 20 February 2008 - Kota Selat Tebrau (KST) and Oakwood Asia Pacific Pte Ltd have signed a letter of intent to develop Oakwood Residence Johor. This partnership reflects Oakwood's global strategy to increase the number of its locations internationally and to serve clients and customers throughout the world.

The KST/Oakwood project provides extended-stay accommodations for business travelers or consumers in need of convenient and deluxe temporary living. The development comprises a podium and three (3) tower blocks of 22 to 40 storeys. Oakwood Residence Johor will occupy one of the three towers (22 storeys) which consist of approximately 235 dedicated serviced apartment units located at Danga Bay, Johor. The other two blocks of residential tower of 40 storeys known as Tower A and B, will feature fully equipped kitchens, broadband internet connectivity and 32-inch LCD screens. The construction of three residential towers is set to commence in April 2008.

Based on the letter of intent, the two parties will be entering into a Management Agreement, Offshore Technical Service and Marketing Agreement and Trademark License Agreement.

It is also intended for Oakwood to provide complete project oversight and management services, including pre-opening supervision. Oakwood will also look into the daily management, leasing and maintenance effort of the project.

KST Director Arlida Ariff and Oakwood Asia Pacific's Managing Director P.G. Mathew signed on behalf of their respective organizations.

At the signing ceremony, Arlida declared that KST is pleased to have Oakwood, the most trusted name in serviced apartments worldwide, as a partner. "At KST, we are looking forward to rolling out developments in Danga Bay in 2008. We foresee that Iskandar will grow to be a regional destination and will be an important market for the region with continuous influx of global visitors seeking to either set up their businesses or expand existing operations. Being a luxury brand and located at Danga Bay, Oakwood Residence Johor will provide target international travelers an alternative to four and five-star hotels," Arlida added.

Mr. P.G. Mathew, Managing Director of Oakwood Asia Pacific, add "We are delighted to partner with Kota Selat Tebrau on this exciting project. Oakwood Residence Johor will set new standards of serviced accommodation in Johor and will be positioned to cater to the short and extended stay needs of executives from multinational corporations and expatriates relocating to the city."

For more information, please contact:
Frank Foster
Vice President, Marketing & Sales
Oakwood Asia Pacific
T (65) 6832 4826
F (65) 6336 8300
[email protected]
www.oakwood.com

About Oakwood Worldwide
Oakwood Worldwide is the global leader and most trusted provider of serviced apartments, with nearly 30,000 distinctive residences in the most desired locations throughout Asia, North America and Europe. Featuring an expansive portfolio of award-winning, luxurious residences virtually everywhere, Oakwood offers a full spectrum of housing solutions to meet the varying needs of today's personal and business travelers, delivered with a consistently rich standard of quality, reliability and value. Our focus and commitment to customer service makes us easy to do business with to fulfill your temporary housing needs.

A division of Oakwood Worldwide, Oakwood Asia Pacific manages Asia's finest serviced apartments for business and leisure travelers in China, India, Japan, Korea and Thailand. An additional 22 properties are scheduled to open within the next two years in strategic locations across Asia Pacific. Oakwood Asia Pacific operates properties under the following brands: Oakwood Premier, Oakwood Residence, Oakwood Apartments. And, coming soon, will be Oakwood Premier Resorts and Oakwood Resorts.

For more information, please visit www.oakwood.com
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Old March 6th, 2008, 06:23 AM   #278
rizalhakim
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oakwood in jb n not in kl???? dis is huge name......shud be in kl lah :p
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Old March 6th, 2008, 03:42 PM   #279
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oakwood in jb n not in kl???? dis is huge name......shud be in kl lah :p
Come on.. Give JB a chance....
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Old March 7th, 2008, 03:22 AM   #280
Gary Angarano Teh
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Quote:
Originally Posted by rizalhakim View Post
oakwood in jb n not in kl???? dis is huge name......shud be in kl lah :p
are you belittling Johor bahru???come on....give JB a chance lar....i understand that in the past,,there were many projects abandoned....but who knows,,,,this time ,JB's luck may change...i mean,,,we just got to keeeep our fingers cross...
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