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Country Garden targets Chinese buyers for its Danga Bay project

Posted on August 1, 2013 - Featured, Property News.

By ZAZALI MUSA and YEE XIANG YUN | [email protected]

JOHOR BARU: Country Garden Holdings Ltd, one of China’s top 10 property developers, is targeting Chinese buyers from cities in the southern region for its Country Garden Danga Bay (CGDB) project here.


“We want to turn Danga Bay into the next Sentosa (in Singapore) with our world-class project here,” said Yuen.

Country Garden Properties (M) Sdn Bhd regional president Kayson Yuen said the buyers would come from cities such as Fuzhou, Guangzhou, Nanning and Shenzhen. Country Garden Properties is overseeing the company’s projects in Malaysia.

“Chinese buyers are buying residential properties in other countries as their second home as well as for investment purposes,” said Yuen. A new company set up to sell MM2H properties to Chinese buyers, for example, targets up to RM1.4bil of sales this coming year.

He was speaking at a press conference to announce the launch of CGDB, the company’s first project outside China undertaken on its own. The project will be developed via unit Country Garden Danga Bay Sdn Bhd and is also its maiden project in Malaysia after having purchased the seafront land eight months ago.

He said the company was confident the project would receive good response, with 50% of its buyers expected to hail from China and Singapore, with the balance coming from Malaysia.

“We want to turn Danga Bay into the next Sentosa (in Singapore) with our world-class project here,” said Yuen.

He said the company had already started marketing the project in China’s southern cities since April this year, and that many customers there were keen to purchase the property.

The company has also been bringing in potential buyers from China to visit the project’s site in Danga Bay, with many of them expressing strong interest in the project.

He said Johor Baru’s close proximity to Singapore was an added advantage, as potential buyers would have the best of both worlds just a few kilometers away.

The project, sited on a 23.06ha sea-fronting parcel of land, will be made up 9,000 condominium units and commercial development like a shopping mall and a commercial boulevard with a gross development value of RM18bil.

“The project would be developed in three phases, to be launched simultaneously, and is expected to be completed in 2017,” added Yuen.

Country Garden had in last December purchased the land from Iskandar Waterfront Holdings Sdn Bhd for RM900mil.

Danga Bay is part of the ambitious multi-billion-ringgit Iskandar Malaysia project aimed at transforming South Johor into an international metropolis by 2025.
http://www.starproperty.my/index.ph...rgeting-chinese-buyers-for-its-project-there/
 

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China Leng Lui Comes To Iskandar - Official Launch Sunday, August 11 2013




Universal Carnival @ Country Garden Danga Bay will be launched by Sultan of Johor this Sunday.




In Phase 1, will have more than 9,000 apartment units. Construction starts simultaneously. *Malaysia's single largest property launch.




MediaCorp stars Jessica Liu and Zoe Tay endorse Country Garden @ Iskandar Malaysia




BBB mode...



More than 60% units already sold.
 

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Johor Sultan backs Country Garden’s Danga Bay project

Posted on August 12, 2013 - Property News.

By YEE XIANG YUN | [email protected]

JOHOR BARU: Johor Ruler Sultan Ibrahim ibni Almarhum Sultan Iskandar believes that the mega Country Garden Danga Bay property project will be a success.
The Sultan assured investors that the project would receive fruitful returns.


Sultan Ibrahim and his consort Raja Zarith Sofiah ibni Almarhum Sultan Idris Shah looking at a model of the Country garden Danga Bay project. Accompanying them is Yeung (left).

“Based on my own observation, I am sure that with the expertise and ability of the company’s employees, the project will be implemented well,” he said at the launch of the project and its clubhouse and sales gallery at Danga Bay yesterday.
http://www.starproperty.my/index.ph...ltan-backs-country-gardens-danga-bay-project/
 

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A very novel way of putting it :yes:
 
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