Property Hunter Magazine August Issue 2014 | Page 41

Country Garden Plans 5,000-Acre Man-Made Island Off Johor strong and would help bring back relations to normalcy in time. “It is only a matter of time before the confidence level of Chinese buyers recovers. We are still very confident with Malaysia’s fundamentals,” he said, adding that the company had studied this new market for a long time before penetrating into the country. Country Garden’s regional president for Malaysia project Kayson Yuen The property slowdown in China and Hong Kong is not a deterrent for China’s property developer Country Garden Holdings Co Ltd. The company, together with Johor’s economic development arm, Kumpulan Prasarana Rakyat Johor (KPRJ), have planned for a development over 5,000 acres (2,023.43ha) of reclaimed land in a project spanning more than 30 years. The project, which will include a man-made island, will be near the second link in Johor and a study on the matter was done more than a year ago. In an interview with StarBiz, Country Garden’s regional president