Posts Tagged ‘shenzhen’
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
April 22, 2016 by iskandarinsider
KLUANG: Batu Pahat-based property developer BCB Bhd is upbeat on the property market outlook in Iskandar Malaysia, Johor.
Group managing director Datuk Tan Seng Leong pointed out that the large presence of domestic and foreign investors would be able to create demand for residential and commercial properties in the economic corridor.
Iskandar Malaysia, which was launched a decade ago, continues to attract strong interest from investors worldwide.
“This momentum will likely continue despite the current challenging economic situation,’’ Tan told StarBiz after the company’s AGM and EGM.
At the EGM, shareholders approved the company’s proposed share split involving the subdivision of each existing ordinary share of RM1 in the company held by shareholders to be split into two shares of 50 sen each.
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.
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?
Category China, Danga Bay, Iskandar Property, Johor Bahru, Singapore | Tags: china, country garden, cullinan bay, danga bay, guangdong, hdb, iskandar malaysia, nansha, shenzhen, singapore, waterfront, yeung kwok keung