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Mike Chau is contactable at mikechau.smile[at]gmail.com +6012-9199512.
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Iskandar Waterfront Holdings And MCC Singapore JV RM8 Billion 148-Acre Danga Heights

ISKANDAR WATERFRONT HOLDINGS AND MCC SINGAPORE INKS JOINT VENTURE FOR RM8 Billion 148-ACRE PROPERTY DEVELOPMENT IN ZONE E OF ISKANDAR MALAYSIA

www.iskandar.asia - 7th September 2020, Johor Bahru:

Danga Heights Development (DHD) — a subsidiary of Iskandar Waterfront Holdings (IWH) — and MCC Singapore — a subsidiary of Global 500 company Metallurgical Corporation of China Ltd. — have formed a joint venture to co-develop 148 acres (60 ha) of prime commercial land in Skudai here.

This significant large-scale development is scheduled to be developed over the next 10 years and is estimated to yield a gross development value of RM8 billion. The project is one of the largest of its kind to be announced since the start of the Covid-19 pandemic. It is also one of the biggest foreign direct investments (FDI) in Iskandar Malaysia following the Covid-19 outbreak and is certain to inject renewed confidence as well as encourage further investment in the Johor property industry.

In the first phase, DHD and MCC Singapore will jointly develop a mixed-use development on a 38-acre (15ha) land site. The project has an estimated gross development value of RM2.88 billion and construction is scheduled to begin in early 2021.

In a virtual land-sale signing ceremony conducted simultaneously in Malaysia, Singapore and China through video conferencing, the cross-border event was witnessed by Mr Zhu Jianguo, General Manager of MCC Central Research Institute of Building and Construction and Chairman of MCC Singapore in Beijing, China as well as Johor Menteri Besar Datuk Haji Hasni Bin Mohammad in Johor.

During the virtual signing ceremony, IWH Director YB Dato' Hj Mohd Noorazam Bin Dato Hj Osman and MCC Singapore Chief Executive Officer Tan Zhiyong inked the agreements in Johor and Singapore respectively while viewing a live cast from the other countries through a private Zoom link. The proceedings were also beamed on Facebook Live for public viewing.

Also present were IWH Executive Vice-Chairman Tan Sri Lim Kang Hoo and Group Executive Director Lim Chen Herng.

Since 2010, MCC Singapore has developed and project managed 12 residential projects in Singapore. Currently, it is also developing JKT Living Star, a 3,648-unit condominium with an adjoining commercial zone in Jakarta; and Sky Villa, a 256-unit high-end condominium in Phnom Penh, Cambodia.

The joint venture marks the company’s first major foray into the real estate industry in Malaysia. “We envision Danga Heights to become the new uptown area of Johor. It will be a smart city characterized by intelligent features and cutting-edge home concepts, and we hope this project can catalyze Johor’s urban transformation into an even more thriving and technologically advanced city in the next decade. We are certainly upbeat about this mega development project as the land site fronting Skudai is one of the most sought after development locations in Johor mainly due to its proximity to a captive population of affluent households and high density of businesses,” enthused Mr Tan Zhiyong.

“This will be a landmark development with far-reaching social and economic benefits for the people and state of Johor. It will likely inject a new momentum and excitement into Johor’s property landscape,” said Mr Lim Chen Herng.

He pointed out that it is also one of the biggest single FDI from Singapore into Johor and the Iskandar Malaysia economic region since the Covid-19 outbreak this year.

Click: Danga Heights Video

Reported by Mike Chau for www.iskandar.asia

Johor Property News

Latest Johor Property News in 2020:

2020-09-07: Iskandar Waterfront Holdings And MCC Singapore JV RM8 Billion 148-Acre Danga Heights

Danga Heights Development (DHD) — a subsidiary of Iskandar Waterfront Holdings (IWH) — and MCC Singapore — a subsidiary of Global 500 company Metallurgical Corporation of China Ltd. — have formed a joint venture to co-develop 148 acres (60 ha) of prime commercial land in Skudai


Click To Read Full Article.

Mike Chau @ ERA Real Estate Johor

Mike Chau has witnessed the launch of Iskandar on 4th November 2006. Iskandar’s web portal www.iskandar.asia was his brainchild to provide comprehensive info to the public on Iskandar. He has been actively walking the ground, covered key events pertaining to property and business, done lots of research on real estate matters. Property mapping is his forte. Who is who, where are the key hot investment hotspots, what’s next in Iskandar Malaysia? He has the answers based on researches done. He believes in Iskandar and invested since 2008. Land bank matters in Iskandar, Mike has INSIGHT in ERA Real Estate Johor.

Feel free to get in touch with Mike Chau at +6012-9199512. Team Leader @ ERA Real Estate Johor.
REN No.: 43454. New Bob Realty Sdn Bhd (69200-K) (198101003086)

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About Mike Chau

Mike Chau is the Managing Director of eBizway MediaTech Sdn Bhd. He was born in Perlis, Malaysia and has migrated to Johor in 1990’s. After spending more than 12 years in Singapore in information technology (IT) industry, he has ventured into his own business which focuses on research, mapping and provide platform to facilitate business community and investors venturing into Iskandar Malaysia.

Mike has witnessed the launch of Iskandar on 4^th November 2006. Iskandar’s web portal www.iskandar.asia was his brainchild to provide comprehensive info to the public on Iskandar. Another flagship product by eBizway MediaTech is the Explore & Invest Iskandar Map, i.e. an effective and handy guide for investors to explore the economic zone.

Mike invested in Iskandar since 2008 and has been passionately promoting Iskandar in the past 8 years. He has given over 40 public talks related to Iskandar in Malaysia as well as abroad in Singapore and Indonesia.

Other than giving talk in Property matters, Mike has shared his passion and entrepreneurship in few talks for Raffles University of Iskandar (RUI).

Mike was appointed as Malaysia Entrepreneurs’ Development Association’s Johor State Liaison (PUMM Johor)’s Vice Chairman for 2016-2018 in-charged of Community Economic Development Portfolio.

Mike is also a columnist for Universal Entrepreneur Magazine, a Chinese magazine with circulation in Malaysia, Singapore and China. 

Mike is contactable at mikechau.smile[at]gmail.com +6012-9199512.

关于周志达

周志达 - 大马依斯干达特区达人 – eBizway MediaTech益威媒体科技创办人兼执行董事

来自玻璃市州的他,搬迁到新山已有25年了.  周先生在新加坡工作了超过了十二年, 有远见的他, 看准了依斯干达特区的发展潜能, 回到新山创业并置业.

身为特区推广主讲人以外, 他的业务还包括发行”发掘与投资依斯干达特区地图”,  依斯干达特区讯息综合网站 www.iskandar.asia, 特区相关研讨会与展览会, 房地产分析与研究项目等待.

周志达在2008年入场投资依斯干达特区房地产. 在过去8年里, 他在马来西亚, 新加坡以及印尼各地分享他的投资心得以及他在依斯干达特区各领域采访的实战经验, 演讲会超过四十场.

周志达也是马来西亚创业促进会柔佛州联委会的副主席(2016-2018) , 负责社区经济发展项目.

周志达也为<<环球杰出企业>>杂志撰写专栏, 分享他在依斯干达特区走过的点点滴滴. <<环球杰出企业>>杂志的发行遍布在马来西亚, 新加坡和中国.

欢迎与周志达联系: mikechau.smile[at]gmail.com +6012-9199512

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