GELANG PATAH: Thousands of prospective home buyers from Malaysia, China, Singapore and Hong Kong thronged the Forest City sales gallery here to have a look at the multi-billion ringgit mixed development project.
According to the company spokesperson, the sales gallery was for exclusive previews and bookings in preparations for the official launch of the project in the first-quarter of 2016.
The project is a joint-venture between Hong Kong-listed property developer Country Garden Holdings Co Ltd and Johor’s Esplanade Danga 88 Sdn Bhd.
The lush urban gateway is located on four man-made islands in Iskandar Malaysia, and the project spans over 1,386.05ha with an estimated investment of RM175.8bil over the next 20 years.
“Forest City is South-East Asia’s first and largest mixed-use green development in terms of the number of units to be built with a vertical greenery and smart city design theme,’’ said the spokesperson during a media tour recently.
He said the project is positioned close to the economic centres of South-East Asia and envisaged to become a global hub that would attract innovation and talents.
The project is expected to fuel the economy within Iskandar Malaysia and neighbouring Singapore.
Phase one of the project comprising high-rise condominium units and costal residences would be released for global sales in due course in Malaysia, China and Singapore.
The two to four-bedroom condominiums and high-rise coastal residences with a build-up area of between 818 sq ft and 1,915 sq ft are situated within leafy foliage corridors and car-free avenues in a gated and guarded precinct.
The entire development revolves around a multi-layered three dimensional city planning, with lush vertical greenery covered with dense foliage, multiple forms of public transportation and sustainable and renewable energy infrastructure.
Other facilities within the development include a world-class hotel, fitness club and swimming pool for residents and tourists with education, healthcare and tourism being the main economic pillars for the growth of Forest City.
The long-term planning for the project is to have dedicated entry points to the development such as a light rail transit system and ferry services linking Johor Baru and Singapore.