Property Specialist in Johor Bahru, Johor, Malaysia

November 16, 2012 A mixed-use high-end commercial and residential development costing billions of ringgit has been planned for Sungai Tebrau in Johor Bahru. Sungai Tebrau in Johor Bahru has been identified as the site of a planned multi-billion ringgit waterfront development that will comprise high-end commercial and residential units. The project, to be located near the Permas Jaya bridge, will also include a new international ferry terminal. The waterfront development is being overseen by Tebrau Teguh Bhd, which said that the project is in its planning stage right now. The company also plans to offer water taxi services connecting Johor Bahru and Singapore, as well as ferry services to nearby Indonesian islands. According to executive vice-chairman Tan Sri Lim Kang Hoo, Tebrau Teguh will commence land reclamation work covering 40.46 ha in 2013. The reclamation work is expected to take about a year to complete, with development work on the massive project to begin immediately thereaf

November 12, 2012 Distinctive Ace will pay RM 99.92 million for 18.05 acres of leasehold land in Medini for its business and lifestyle development 18 @ Medini. Iskandar Malaysia has secured another multi-billion ringgit investment, this time from Distinctive Ace Sdn Bhd. The firm is a unit of Distinctive Group, which was set up in 2011 to tap development opportunities in Johor, with a focus on Iskandar Malaysia. Distinctive Ace has agreed to purchase a leasehold plot spanning 18.05 acres in Medini from Iskandar Investment Bhd (IIB) subsidiary Medini Land Sdn Bhd. The deal is valued at RM 99.92 million. The company said that the land will be used to develop its mixed-use project 18 @ Medini, which will comprise business and lifestyle components with a gross development value (GDV) of RM 1.5 billion. According to CEO Lim Ech Chan, the project will be located in Zone A in Medini and will contain gross floor area (GFA) of 2.752 million sq ft, to be developed in four phases over t

November 5, 2012 Destination Resorts and Hotels Sdn Bhd (DRH) has completed about 10% of the first phase of its RM 5 billion tourism and entertainment project on Desaru, Johor. Johor's popular Desaru Beach will see the rise of a new tourism and entertainment development with an estimated gross development value (GDV) of RM 5 billion. DRH has commenced Phase One development works for its Desaru Coast project, which will be completed in 2015. The firm said that the project occupies a beachfront site spanning 728.43 ha and will be undertaken by developer Desaru Development Holdings One Sdn Bhd (DH1). According to Muhd Firdaus Azharuddin, Chief Executive of DH1, Phase One will feature a number of properties dedicated to tourism and hospitality purposes. They include the Plantation Hotel, Sheraton Resort, Datai Langkawi and the Riverwalk, as well as a hospitality, tourism and culinary school. Also included are two theme parks – Ocean Splash and Ocean Quest – along with two golf cou