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| “Iskandar Malaysia will continue to be the main driving factor in Johor and the influx of domestic and foreign investors will create demand for commercial and residential properties in the region,’’ said Chia. |
“We see the two segments giving good growth prospects and we will continue to explore the opportunities,’’ he told a press conference after the signing of agreement with ONYX Hospitality Group and The Ascott Ltd here yesterday.
Under the agreement, ONYX will manage the Shama Medini serviced apartments, the first Shama property in Malaysia.
The Ascott will manage Citadines Medini Nusajaya, the first Apart’hotel in Nusajaya – The Ascott has over 26,000 operating serviced residence units in over 200 properties worldwide.
The serviced apartments are located within the UMCity Medini Lakeside – a multi-phased mixed development in Medini with a gross development value of RM1bil.
Among the components in the project on a 2.02ha site, which is expected to be
completed in the third-quarter of 2018, are an office tower, two
internationally-branded serviced residences, a hotel, a lakeside shopping centre
and business suites.
“Iskandar Malaysia will continue to be the main driving factor in Johor and the influx of domestic and foreign investors will create demand for commercial and residential properties in the region,’’ said Chia.
He said demand for landed properties in Iskandar Malaysia was still good and this was reflected by Japanese investors purchasing bungalows at the company’s Bandar Seri Alam in the eastern gate development zone of Iskandar Malaysia.
Chia said the bungalows were sought after by the Japanese as they were very expensive in Japan, adding that many of the buyers had expressed interest to move to Iskandar Malaysia.
“We have hot weather the whole year and golfing is also cheap in Malaysia unlike in Japan where it is expensive and you have to book years before you can even tee off,’’ he said.
UMLand currently has mixed township developments namely Bandar Seri Alam, Taman Seri Austin and Taman Seri Albion – all strategically located within Iskandar Malaysia, Johor and Bandar Seri Putra in Bangi, Selangor.
For more information on Building and Construction event, please visit www.asiapacificevents.com
“Iskandar Malaysia will continue to be the main driving factor in Johor and the influx of domestic and foreign investors will create demand for commercial and residential properties in the region,’’ said Chia.
He said demand for landed properties in Iskandar Malaysia was still good and this was reflected by Japanese investors purchasing bungalows at the company’s Bandar Seri Alam in the eastern gate development zone of Iskandar Malaysia.
Chia said the bungalows were sought after by the Japanese as they were very expensive in Japan, adding that many of the buyers had expressed interest to move to Iskandar Malaysia.
“We have hot weather the whole year and golfing is also cheap in Malaysia unlike in Japan where it is expensive and you have to book years before you can even tee off,’’ he said.
UMLand currently has mixed township developments namely Bandar Seri Alam, Taman Seri Austin and Taman Seri Albion – all strategically located within Iskandar Malaysia, Johor and Bandar Seri Putra in Bangi, Selangor.
For more information on Building and Construction event, please visit www.asiapacificevents.com
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