24 Jun '14, 3am

China developers launching massive projects in Johor, Overseas Property News, Singapore Property...

China developers launching massive projects in Johor, Overseas Property News, Singapore Property...

Huge supply: Visitors viewing a model of upcoming developments in Johor's Danga Bay area. Guangzhou-based Country Garden Holdings launched 9,000 residential units in Danga Bay last year. - PHOTO: BLOOMBERG [KUALA LUMPUR] The growing presence of developers from China in Johor has ruffled the feathers of local developers. Following the high-profile entry of Guangzhou-based Country Garden Holdings Co Ltd, which launched 9,000 units in Danga Bay in one go in 2013, all eyes are now on other developers from China who are expected to adopt similar large-scale development programmes. Country Garden made the first move in Johor Baru. It was followed by Guangzhou's R&F Properties Co (R&F), which bought 47 hectares near the Causeway from the Sultan of Johor for RM4.5 billion (S$1.74 billion). R&F could be launching as many as 30,000 units over the next few years on land that is to be...

Full article: http://www.stproperty.sg/articles-property/overseas-prope...

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