Sultan backs big waterfront project

  • Nation
  • Monday, 12 Aug 2013

JOHOR BARU: Johor Ruler Sultan Ibrahim ibni Almarhum Sultan Iskandar believes that the mega Country Garden Danga Bay property project will be a success.

The Sultan assured investors that the project would receive fruitful returns.

“Based on my own observation, I am sure that with the expertise and ability of the company’s employees, the project will be implemented well,” he said at the launch of the project and its clubhouse and sales gallery at Danga Bay yesterday.

“The show units will also be a landmark, decorated with beautiful and attractive landscape as well as fitted with five-star facilities.”

Sultan Ibrahim thanked Country Garden Holdings Ltd, one of China’s top 10 property developers, for choosing Johor as its first overseas market for the project.

He also encouraged more foreigners to invest in property development in Johor as it would boost the state’s economy and create more job opportunities for Johoreans.

Country Garden Holdings founder and chairman Yeung Kwok Keung said that the multi-billion integrated development was aimed at providing “five-star standard living and building high-quality products to suit the client’s needs”.

“I hope that the project will encourage more enterprises from China to invest in Malaysia to contribute to better bilateral ties between the two countries,” he added.

Country Garden Danga Bay Sdn Bhd will develop the project after purchasing a 23.06ha seafront land eight months ago from Iskandar Waterfront Holdings Sdn Bhd for RM900mil.

The project will include 9,000 condominium units and commercial development such as a shopping mall and a commercial boulevard with a gross development value of RM18bil.

It is slated to be completed in three phases and to be launched simultaneously by 2017.

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