Waterfront developments in Danga Bay unveiled
JOHOR BARU: Iskandar Investment Berhad (IIB) has unveiled a 2.4ha integrated multi-million ringgit waterfront development in Danga Bay to attract international property investors, expatriates and local professionals.
The development, due for completion in 2012, comprises two 38-storey residential towers known as Iskandar Residences and a 28-storey serviced apartment known as Oakwood Residence Johor operated by Oakwood Asia Pacific Ltd.
The project was unveiled by IIB through its subsidiary Kota Selat Tebrau Sdn Bhd, in a joint venture with Danga Bay Sdn Bhd.
Oakwood Residence Johor is positioned to cater to short and extended stays for executives from multinational corporations and expatriates relocating to Johor Baru due to its strategic location and luxury branding.
“As the catalytic developer for Iskandar Malaysia, we hope the unveiling of this development will attract international property investors, expatriates and young and trendy professionals in the locality.
“It is a great achievement and we hope to provide our prospective investors with more investment opportunities in the coming months,” IIB managing director Arlida Ariff said during the second Iskandar Malaysia Information Day here recently,
When completed, the project will be an icon in Iskandar Malaysia offering residents and tourists with convenient modern city living, an urban waterfront resort lifestyle and expand the variety of accommodation available for holidaymakers to Johor.
“We are happy to showcase this project and are confident it will help bring an international community to Iskandar Malaysia and build the region as Asia’s first world city,” Kota Selat Tebrau chief executive officer Datuk Lim Kang Hoo said.
To date, IIB has attracted RM4.2bil in investments from Middle Eastern partners for the development of Medini, its integrated hub in Iskandar Malaysia.
To date, Iskandar Malaysia has garnered RM40.25bil in investments
Waterfront developments in Danga Bay unveiled
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