‘Danga Bay’ Category

  1. Iskandar: Too many homes, too soon?

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    July 11, 2014 by Melvin

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    Recent news about mega developments in Johor’s Iskandar region has investors asking: Will there be an oversupply of homes? Perhaps. But no one knows for sure because no good data exists.

    It has been touted as an affordable real estate investment destination in an up-and-coming market, an attractive alternative to Singapore’s pricey housing scene.

    But property buyers in Iskandar are now facing two big investor problems: a potential oversupply of homes and an inadequate supply of property data.

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  2. Stormy property landscape

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    June 21, 2014 by Melvin

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    THE booming presence of developers from China in Johor has not only ruffled feathers among local developers but also sparked concerns of the Singapore government due to the massive land reclamation works.

    Following the high-profile entrance of Guangzhou-based Country Garden Holdings Co Ltd, which launched 9,000 units in Danga Bay at one-go in 2013, all eyes are now on other developers from China who are expected to adopt carpet bombing kind of development.

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  3. Country Garden, KPRJ plan massive reclamation development for luxury homes

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    March 19, 2014 by Melvin

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    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.

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  4. Chinese firm Greenland Group to invest RM3b in Danga Bay

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    March 3, 2014 by iskandarinsider

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    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.

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  5. Iskandar Waterfront Sells $615M to S’pore Firm For $3B Project

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    December 27, 2013 by Melvin

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    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.

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  6. Homebuyers spoilt for choice in Iskandar

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    November 4, 2013 by iskandarinsider

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    Builders step up unveiling of new launches amid rising demand, stiff competition

    Now considered one of Malaysia’s hottest real estate spots, Iskandar Malaysia has been pulling in developers looking to cash in on the demand for properties there.

    Local developers may have had a headstart, but they are now facing stiff competition from larger builders from Klang Valley and beyond Malaysia.

    The rivalry has led to a mushrooming of options for buyers. In the next two to three years, thousands of units are scheduled to be completed, given the number of projects launched in the last year or so amid bullish sentiment and robust sales. For example, Afiniti Medini, a mixed-use residential-commercial development, sold 88 units in just 51/2 hours.

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  7. 74 percent of foreign buyers of UEM’s Iskandar project are Singaporean

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    September 23, 2013 by iskandarinsider

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    SINGAPORE – Singaporeans are streets ahead of any other group of foreigners snapping up property developed by UEM Sunrise at Iskandar Malaysia.

    They accounted for 74 per cent of purchases made at the various developments by non-Malaysians.

    Most Singaporean buyers are people who go to Johor frequently for business and those wanting a weekend home, said UEM Sunrise chief executive Wan Abdullah Wan Ibrahim on Thursday.

    “They buy more of the upmarket products, as foreigners can only buy units that are above RM500,000 (S$195,000), and they have been buying both landed homes and strata developments,” he added at a progress update of the Iskandar projects.

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  8. Singapore’s Skyfront Holdings, Iskandar Waterfront in RM700m Danga Bay project

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    September 12, 2013 by iskandarinsider

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    KUALA LUMPUR: Singapore’s Skyfront Holdings Pte Ltd is teaming up with Iskandar Waterfront Holdings Sdn Bhd (IWH) to undertake a RM700mil residential project in Danga Bay in Johor Baru.

    The companies said on Wednesday the development on a 1.4ha (3.48-acre) freehold site would offer 840 condominium units spread over three high-rise blocks overlooking the Straits of Johor.

    The location is a prime waterfront site within Flagship “A” of Iskandar Malaysia and within a 5km radius of the Johor Bahru central business district and the Johor-Singapore Causeway.

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  9. Singaporeans snap up Country Garden Danga Bay units

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    August 22, 2013 by iskandarinsider

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    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.

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  10. Country Garden eyes Malaysia market

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    August 12, 2013 by iskandarinsider

    MALAYSIA is now high on the list of China’s 7th largest property developer to extend its international footprint, with the transformation of a piece of Iskandar Malaysia to become a waterfront development fronting Singapore.
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    In a recent trip to Guangdong organised by Country Garden Holdings Co Ltd, the contingent of media members from both Malaysia and Singapore were brought on a whirlwind trip across the province, with the priority to have a first hand look at the company’s projects in China.

    As “guang” as its name aptly described, Guangdong is certainly vast, and Country Garden’s projects are mostly scattered across the province, reachable within a couple of hours drive. However, it was all worth it to put things into perspective and gave a sneak peek of what was in store for the Country Garden Danga Bay project. Could this be just a promise by foreign parties planning to make a quick buck out of a hot segment of the local property market?

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