Property Hunter Magazine September Issue 2014 | Page 92
/// West Malaysia Property News
WEST MALAYSIA
PROPERTY NEWS
Sharing news and information about various issues
related to the property industry from Peninsular Malaysia.
Hong Kong Developer Ventures Into Johor
Hong Kong-listed R&F Properties
plans to build a luxury apartment
project on a 116-acre of land
in Tanjung Puteri, Johor after it
successful acquired the land from
the royal family for RM4.5 billion
last year.
On a psf basis, the prime land costs
more than RM890, making it the
second most expensive land in the
Johor Bahru, trailing the RM991
psf price tag of a 37-acre land in
Danga Bay that was also bought by
another Chinese firm.
The building of R&F Properties onsite sales gallery next to the Singapore Johor causeway link
bridge in March, 2014
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initially release next month 400 units
housed in four 30-35 storey towers.
Notably, this is R&F’s first offshore
development outside of China. With
more than 20 years of experience
in the property sector, the firm
has built five-star hotels, classical
bungalows and grade-A office
towers.
Recent launches in Iskandar
revealed that prices fall between
RM600 and RM1,000 psf, with prime
units costing at RM1,500 psf.
Phase 1 of the project will comprise
15 blocks of high-end apartments,
which will be launched by midJuly. The sales gallery will open this
Saturday and the developer will
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