21 Mar '14, 8am

Luxury home project in Johor in the works, Overseas Property News, Singapore Property Guides

Luxury home project in Johor in the works, Overseas Property News, Singapore Property Guides

[PETALING JAYA] China's Country Garden Holdings Co Ltd and Kumpulan Prasarana Rakyat Johor (KPRJ) have drawn up plans for a massive reclamation project to build luxury homes near Pendas in southern Johor near Singapore, according to sources. Sources told Malaysian daily The Star that the project could entail a land area of "a few thousand acres", which would make it one of Iskandar Malaysia's single largest projects. It isn't clear how much Country Garden is pumping into the project, but going by its size, it would dwarf the Hong Kong-listed firm's first project in Danga Bay, which covered an area of only 50 acres or 20 ha, for which it had paid RM900 million (S$348 million). The new project is being dubbed Forest City. Industry sources said that such a reclamation project would probably be the largest reclamation project in the country, and that the parties embarking on i...

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

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