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Old September 25th, 2016, 07:29 AM   #121
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Progress

Source:https://www.facebook.com/SouthernCorridorMalaysia/

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Old October 27th, 2016, 12:25 PM   #122
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Quote:
Thursday, 27 October 2016 | MYT 5:02 PM
IGB, Southkey City JV to raise RM1b for JB megamall

Artist impression of Mid Valley Megamall, Southkey in Johor Baru


KUALA LUMPUR: IGB Corporation Bhd and Southkey City Sdn Bhd's joint venture will raise up to RM1bil under its debt note programme for a megamall project in Johor Baru which is expected to open its doors to the public at end 2018.

The JV company, Southkey Megamall Sdn Bhd will raise the RM1bil in nominal value via a medium term note (MTN) programme.

“Proceeds from the MTN programme will be utilised to, amongst others, part finance the development and construction of Mid Valley Megamall, Southkey,” the companies said in a joint statement.
http://www.thestar.com.my/business/b...r-jb-megamall/
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Old October 27th, 2016, 02:51 PM   #123
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The MidValley artist impression is noce
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Old November 1st, 2016, 07:23 AM   #124
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IGB raising RM1bil to part finance one of Johor's biggest malls
Friday, 28 October 2016



KUALA LUMPUR: IGB Corp Bhd is raising RM1bil to part finance one of Johor’s biggest retail malls in a move to replicate its Mid Valley Megamall success.

IGB Corp Bhd group managing director Datuk Seri Robert Tan said: “We cannot promise that it will be as successful as the Mid Valley Megamall.... it may be 70% as successful.”

The 32.5-acre joint venture development, to be undertaken by JV company Southkey Megamall Sdn Bhd, will be a blend of Mid Valley Megamall and The Gardens, Tan told a press conference to announce the proposed RM1bil financing via a medium term notes (MTN) programme.

IGB Corp Bhd is principally an investment holding and property development company engaged in property investment and management, retail, hotel operations and construction. It also has the IGB REIT, a retail real estate investment trust. The group’s largest project is the 50-acre Mid Valley Megamall/Gardens mall, which it had injected into the REIT. It also had interest in Australia and the UK.

Southkey City Sdn Bhd is a property development company affiliated to SELIA Group which has a flagship development in Iskandar Region A Johor Baru which spans over 330 acres.

It would take seven to 10 years for the Southkey mall to mature and they would then consider whether to inject it into the IGB Reit, he said.

“We will see how the mall is,” he said.

Tan said they had taken into consideration the demographics and population on a three, five and 10km radius.

“So it is something similar to the Klang Valley. Within a 5km radius, we have five million people. We don’t need five million people, but we need 1% of that, which is 50,000 people, but we need the spending power, not just the numbers.

“It will not be a Bangsar crowd in Johor. It will be more like a Cheras crowd so we will appeal to the mid-range crowd,” he said.

He declined to reveal the cost of funding, other than saying that they have concluded a win-win situation. The MTN programme is its latest step to realise the Southkey mall as one of Johor’s largest integrated retail and commercial developments.

IGB Corp Bhd recently sold its Renaissance Kuala Lumpur Hotel for RM765mil, making a gain of RM85mil net of tax in the next financial year, with the intention to use the proceeds for working capital and to support its development in the Southkey mall project.

The project has a total of 6,000 parking bays. It will have six retail floors, four office blocks with a net lettable area of about one million sq ft which it is targeting companies from Singapore to take up as a backroom office with a targeted rental of between RM5 and RM5.50 per sq ft.

The Southkey project will also have three hotels offering a range of three-, four- and five- star service and some serviced apartments.
http://www.thestar.com.my/business/b...ce-johor-mall/
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Old November 6th, 2016, 12:24 PM   #125
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A closer view of Mid Valley Megamall, Southkey


https://www.facebook.com/SouthkeyProperties/
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Old November 10th, 2016, 05:13 AM   #126
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IGB’s ongoing projects on track for completion

November 9, 2016 : 10:13 AM MYT

A meeting with management revealed that with the recent noncore asset disposal, IGB Corp Bhd has raised about RM1 billion in dry powder for its new assets, especially Mid Valley Southkey Megamall and its proposed mixed developments in London and Bangkok.

Ongoing projects, namely Southpoint Tower in Mid Valley City and Mid Valley Southkey Megamall, are on track to be completed by the first half of 2017 (1H17) and second half of 2018 (2H18) respectively.

...

We understand that IGB’s new mall in Johor called the Mid Valley Southkey Mall is expected to be unveiled in 2H18. As for construction progress, the foundation works are completed with the works already reaching the typical floors.

As reported earlier, the project has a combined gross development value (GDV) of RM6 billion, to be developed in a few phases. As for the first phase, IGB will build a mall which is said to be an improved version of the existing mall — Mid Valley Megamall in Kuala Lumpur.

Other phases will encompass three hotels (870 rooms), four offices and one serviced apartment (290 units) with an estimated development period of 12 years.

...

Similar to [email protected] in Iskandar Malaysia (an RM2 billion GDV mixed development located in Zone A), the project will only be launched once market conditions are better.
http://www.theedgemarkets.com/my/art...ack-completion

Master plan

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Old November 13th, 2016, 04:13 PM   #127
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Originally Posted by FayedLee View Post
A closer view of Mid Valley Megamall, Southkey


https://www.facebook.com/SouthkeyProperties/
so beautiful.. hope the real building looks nice and awesome - this is the 'modern midvalley megamall' in south malaysia
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Old December 1st, 2016, 02:57 PM   #128
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Old December 14th, 2016, 05:33 AM   #129
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Southkey MidValley progress





https://www.facebook.com/SouthkeyProperties
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Old December 15th, 2016, 08:59 AM   #130
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PROGRESS

Southkey Mosaic

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Old January 7th, 2017, 07:55 AM   #131
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https://www.facebook.com/SouthkeyProperties
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Old January 17th, 2017, 02:23 PM   #132
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Southkey Mosaic



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Old May 20th, 2017, 08:11 AM   #133
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Quote:
Originally Posted by jb2020 View Post
Progress of Southkey Mid Valley Megamall and their central park...

https://m.facebook.com/photo.php?fbi...rce=48&refid=8

Not inside the photo, I saw the crane tower for the upcoming hotel from Pot's Kitchen
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Old May 27th, 2017, 05:40 PM   #134
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Old May 28th, 2017, 06:44 AM   #135
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Old July 14th, 2017, 08:53 AM   #136
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***Excited***
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Old July 18th, 2017, 02:16 PM   #137
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Sogo expands to Johor Bahru
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Old July 19th, 2017, 09:01 AM   #138
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It's supposed to open at paradigm mall right?
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Old July 25th, 2017, 04:47 AM   #139
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Mosaic SouthKey JB

Went to Mosaic SouthKey OpenHse on Sunday 23rd July 2017.

View few actual empty units n the 7th floor big garden landscape n also the 34th floor sky lounge or function rm.. lots of window n sunlight in living rm n master bd rm.. even d toilet has a big window meaning ceiling to floor window..

99yrs LeaseHold. It's a new condo but the land it sit on is already 16yrs old. They wasted 16yrs. Left 83yrs bcos they started to build this condo just few years back. Most buyers r Malaysian.
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Old July 25th, 2017, 04:56 AM   #140
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Photos r from their FaceBk.
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