November 22, 2016 by iskandarinsider
The landscaped lawns and flowering shrubs of Country Garden Holdings Co.’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the Chinese developer is using to build a $100 billion city in the sea.
While Chinese home buyers have sent prices soaring from Vancouver to Sydney, in this corner of Southeast Asia it’s China’s developers that are swamping the market, pushing prices lower with a glut of hundreds of thousands of new homes. They’re betting that the city of Johor Bahru, bordering Singapore, will eventually become the next Shenzhen.
“These Chinese players build by the thousands at one go, and they scare the hell out of everybody,” said Siva Shanker, head of investments at Axis-REIT Managers Bhd. and a former president of the Malaysian Institute of Estate Agents. “God only knows who is going to buy all these units, and when it’s completed, the bigger question is, who is going to stay in them?”
Category China, Iskandar Property, Johor Bahru, Singapore | Tags: AirAsia Bhd, Alan Cheong, Alice Tan, Asian mainland, Axis-REIT Managers Bhd, CH Williams Talhar & Wong, Chief Executive Officer Izzaddin Idris, country garden, danga bay, Estate Agents, Forest City, Greenland Group, Guangzhou R&F Properties Co, hong kong, Jonathan Lo, Khazanah Nasional Bhd, New York’s, Savills Singapore, shenzhen, Singapore Airlines, Siva Shanker, Southeast Asia, SP Setia Bhd, sunway bhd, Sydney, Tebrau, UEM Group Bhd, uem sunrise bhd, Vancouver
December 16, 2014 by iskandarinsider
SHANGHAI-based property giant Greenland Holdings Group is expected to replicate the concept of its flagship integrated development project called Greenland 21 at Iskandar Malaysia.
The Fortune 500 company is finalising the acquisition of a 52ha plot in Permas Jaya, Johor Baru, for the project.
This waterfront project marks Greenland’s second venture in Iskandar Malaysia, after its low-density Jade Palace condominium development located at Danga Bay on the western side of the causeway.
Speaking here recently, group executive vice-chairman Xu Jing said Greenland was confident with its investment in Iskandar Malaysia, which is its first in Malaysia as well as Southeast Asia.
August 18, 2014 by Melvin
[SINGAPORE] Another Chinese property developer is looking at developing homes in Malaysia’s Iskandar, unfazed by recent negative publicity surrounding some Chinese projects there and a potential avalanche of residential supply in the special economic zone in Johor Bahru.
March 19, 2014 by Melvin
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.
March 3, 2014 by iskandarinsider
GROWTH: Greenland Group to invest in an integrated real estate development
JOHOR BARU: ONE of China’s biggest state-owned companies, the Greenland Group is planning to invest RM3 billion in an integrated real estate development project in Danga Bay.
Its chairman Zhang Yuliang recently led a six-member delegation from its headquarters in Shanghai to finalise a major land deal with Iskandar Waterfront Holdings Sdn Bhd (IWH) for the landmark development.
Greenland, which was ranked 359 in the Fortune Global 500 company survey last year, is said to be keen to acquire around 60ha of land in the area.
Category CapitalLand, China, Danga Bay, Iskandar Property, iskandar waterfront, Johor Bahru, Singapore, Temasek Holdings | Tags: azea properties, brunsfield group, capitaland, centurian properties, country garden, dalian, danga bay, greenland, hao yuan, iskandar waterfront, iwh, nam cheong, skyfront, temasek, tune hotel, wuhan
December 27, 2013 by Melvin
The master planner for Danga Bay said in a statement yesterday that it had signed the sale and purchase agreement with Hao Yuan Investment Pte Ltd for six parcels of land, which would be developed by Prstine Sun Properties Sdn Bhd, a 60:40 joint-venture (JV) between Hao Yuan and IWH.
the price tag of RM 1.6bil works out to a land cost of 20 per cent of the RM8bil gross development value, within the range OF 15 per cent- 20 percent typically paid to a landowner in Malaysia.
Category China, Danga Bay, Iskandar Property, iskandar waterfront, Johor Bahru, Tourism | Tags: commercial land, danga bay, Hao Yuan Investment Pte Ltd, iwh, joint venture, MRT (Mass Rapid Transit), Prstine Sun Properties Sdn Bhd, R&F Properties Co Ltd
December 13, 2013 by iskandarinsider
Emerging Trends in Real Estate® Asia Pacific is a trends and forecast publication now in its eighth edition, and is one of the most highly regarded and widely read forecast reports in the real estate industry. Emerging Trends in Real Estate® Asia Pacific 2014, undertaken jointly by PwC and the Urban Land Institute, provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the Asia Pacific region.
December 4, 2013 by iskandarinsider
SINGAPORE: Singaporeans seemed undeterred by the recent property tax rules announced by the Malaysian government.
More than half of the 192 indicative bookings for the latest project in Medini Iskandar — Paradiso Nuova — came from Singaporeans.
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August 22, 2013 by iskandarinsider
SINGAPORE: After an elaborate campaign to woo buyers featuring fun-fair rides, fireworks displays and free yacht trips at the showflat site, Country Garden Danga Bay, a condominium development in Johor Baru, has sold over 5,000 of the 7,000 units on offer, with 30 per cent of them snapped up by Singaporeans.
The project by Chinese developer Country Garden is located in Iskandar Malaysia, some five minutes from the Malaysian immigration checkpoint.
It features 9,000 units on the waterfront ranging from about 400 sq ft to 1,400 sq ft. There will also be a shopping mall, a man-made beach and six yacht berths.