/// West Malaysia Property News
Danga Bay Boasts Wide Variety of Cuisine
With Opening of 21 F&B Outlets
Another Chinese Developer
Ventures Into Iskandar
WEST MALAYSIA
PROPERTY NEWS
Grand opening: A group of performers playing music using rubbish bins during the
launch of the Danga Avenue 1 commercial area in Country Garden Danga Bay in
Johor Bahru
Sharing news and information about various issues
related to the property industry from Peninsular Malaysia.
Danga Bay now has a wide variety of
local and foreign cuisine on its menu
after 21 F&B outlets set up base there.
They offer a range of Japanese, Hong
Kong, Taiwanese and Western dishes,
and specialty brewed coffee.
Property Expert Faizul Ridzuan Meets Up With
Datuk Rahman Dahlan
Renowned property expert Faizul
Ridzuan was involved in discussion
with YB Datuk Abdul Rahman bin
Haji Dahlan, the Minister of Urban
Wellbeing, Housing and Local
Government.
Among key topics that were extensively
discussed was how are more affordable
homes created in Malaysia, as well as
realistic and plausible ideas.
Datuk Abdul Rahman bin Haji Dahlan
who arrived to the meeting on his
motorbike, spent half of his Sunday in
discussion with Ridzuan.
Ridzuan also commented that the
minister was a very humble and down
to earth person who is well dedicated to
his government department.
Faizul Ridzuan and YB Datuk Abdul Rahman
bin Haji Dahlan
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www.PropertyHunter.com.my
Visitors will be spoilt for choice with
Chatime, Taang Shifu, Mat erhon
t
Western Food, Tea Gar en, Station
d
1 Café, La Gourmet, “M” Espresso
Sporting Club, I Love Yoo, KopiTan
Classic, Kani Pa
lace and Hong Kong
Street Central.
The outlets in Danga Avenue 1 are
based within China-based property
developer Country Garden Holdings
Ltd’s commercial phase in its Danga
Bay development.
Country Garden regional vicemanaging director Jerry Chen said
the opening of the commercial phase
marked a huge milestone for the
property developer.
He said Country Garden was also
building a “Beer Street” mo
delled after
Hong Kong’s famous Lan Kwai Fong
Street dedicated to bars, restaurants
and nightspots.
Country Garden was also planning
more up-scale development in
Malaysia, after the Country Garden
Diamond City in Kajang, which was in
its final stage of planning, he said.
Singapore’s MediaCorp artiste Thomas
Ong, who came for the launch, gave
the thumbs up to the integrated
project.
Besides man-made beaches,
apartment units and clubhouse
facilities, there are also sauna and gym
facilities, tennis courts, playground and
a yacht marina.
The project includes 9,000
condominium units, shopping mall and
a commercial boulevard with a gross
development value of RM1.8 billion.
Guocoland Announce Profits of RM15
Million
Guocoland (M) Bhd announced a
profit of RM15.70 million in the third
quarter ended March 31 2014 from
RM8.79 million a year ago, reported
the Business Times.
However, revenue fell to RM58.44 million from RM106.03 million previously.
The on-going project in PJ city and
therefore the new launched development project in Damansara city
attributed to the higher profit mainly
to bigger profit of the company.
It said the lower revenue was attributable to sale of land plots in Cheras
amounting to RM68.6 million in the
previous corresponding quarter.
Shanghai-based developer
Greenland Group has agreed
to buy 13.96 acres of land from
Iskandar Waterfront Holdings
(IWH) for RM600 million, which
will be used for projects with a
potential gross development
value (GDV) of RM2.2 billion.
This marks its first investment
in Malaysia, whereby it will
form a joint venture with IWH
to transform the land into
integrated project within five
years.
According to sources, the
Chinese developer is also
eyeing more land purchases
in Iskandar at lower prices,
despite a slowdown in the local
property market due to the
authorities’ cooling measures.
“This is only the beginning for
Greenland which is a stateowned enterprise” sources
revealed. The developer is
expected to conclude several
additional land deals in the
next few months, and these
parcels will be utilised for
projects with GDV of more than
RM10 billion.
Based on previous report,
the Chinese developer was
interested in acquiring about
60 hectares in Iskandar. But
very soon, it will finalise its
acquisition of two additional
land parcels close to the
Permas Jaya township in Johor
Bahru.
IWH Managing Director Tan
Sri Lim