Posts Tagged ‘country garden’

  1. $100 Billion Chinese-Made City Near Singapore ‘Scares the Hell Out of Everybody’

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    November 22, 2016 by iskandarinsider

    Project model on display at the Country Garden Forest City Sales Gallery in Johor Malaysia, on Tuesday, Nov. 02, 2016. Photographer: Ore Huiying/Bloomberg

    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?”

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  2. 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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  3. 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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  4. 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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  5. 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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  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. 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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  8. 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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  9. Country Garden @ Danga Bay [Updated]

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    May 23, 2013 by iskandarinsider2

    Update: 28-May-2013
    IMG_1774We have received info that pre-launch preview was started in March 2013 after CNY, and in less than 2 months more than 2,000 units of condo & apartment has been sold. Half of the buyers are from China while the other half are local Malaysian. Looking good.

    Phase 1 consist of around 27 acres out of the 55 they bought:
    – 18 blocks(12 condo & 6 apartment) + 1 clubhouse
    – Total units close to 4,000
    – VVIP pre-launch price from RM650/sqft to RM900/sqft
    – Unit sizes from 450sqft to 2200sqft
    – RM10,000 deposit for booking, Free SPA Legal Fee & DIBS Scheme.
    Official launch should be late June. Will keep you guys update.
    Click to Read Full Article ->


  10. Iskandar Waterfront, CapitaLand ink RM8.1b deal

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    February 24, 2013 by iskandarinsider

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    JOHOR BARU: Iskandar Waterfront Sdn Bhd (IWSB), CapitaLand Malaysia Pte Ltd and Singapore’s state investment arm Temasek signed a “Heads of Agreement” today to jointly acquire and develop parcels of land in Danga Bay here for a planned RM8.1 billion mixed integrated development.

    The deal is considered the biggest entry into Johor’s Iskandar Malaysia by Singaporean investors.

    Today’s signing ceremony, held at the Danga Bay Convention Centre here, was witnessed by Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong.

    Also present was Johor Menteri Besar Datuk Abdul Ghani Othman and Temasek chief executive officer Ho Ching.

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