Greenland Danga Bay New Launch Iskandar Project Jade Palace

Greenland Danga Bay - Jade Palace

 CHINA’S state-owned Greenland Group plans to build new launch apartments and a private club, among others, at its first iskandar project called Jade Palace in Iskandar Malaysia.

The Shanghai-based group, through its Malaysian subsidiary Greenland Danga Bay Sdn Bhd, will develop the iskandar project on a 760,000 sq ft site in prime waterfront area Danga Bay, Johor Bahru.

Greenland Group signed an agreement in April for the purchase of the johor land at Danga Bay from Iskandar Waterfront Holdings Sdn Bhd IWH for RM600 million.

Danga Bay was chosen because of its strategic location in Iskandar Malaysia, which has seen robust growth in recent years, said Greenland Group Malaysia general manager Wu Shao Hua at the new launch of the Greenland Danga Bay brand, here, on last Wednesday night.

Danga Bay prime waterfront area are the top choice of commercial land purchase from China developers. Country Garden and R&F Properties also chose to purchase this johor land location as their maiden iskandar project for their oversea foray.

“Called Jade Palace, the new launch iskandar project will take us five to eight years to develop,” he said.

The gross development value gdv of the iskandar project have yet to be ascertained because the company’s operation is still at its planning stage and not finalised.

Greenland Danga Bay iskandar project will comprise stylish high-rise residences with panoramic view, resort homes, commercial shop offices and theme street malls.

The iskandar project development will offer a comprehensive all-in-one living and lifestyle services, such as home delivery, general housekeeping, home improvement, interior landscaping and property management.

Last Saturday, Greenland Danga Bay having its product introduction and register of interest at Thistle Hotel Orchid ballroom. It is very soon the new launch apartments ready for official launch and offer to public for interested house buyers, foreigner house buyers and real estate investors.

Taking about recently massive iskandar project developments and the market demand, Greenland Group Malaysia general manager Wu Shao Hua said it it choose Iskandar Malaysia because he expected Singapore industry will gradually move in to Iskandar Malaysia.

"The movement of industry from Singapore to Iskandar Malaysia will increase the human mobility, and increase the consuming power. Although Johor is a small town now, but with the completion of Rapid Transit System RTS from Singapore to Johor Bahru Tanjung Puteri and Kuala Lumpur - Singapore high speed rail in future, Iskandar Malaysia will develop in faster pace."

He also mentioned that they are discussing with Singapore authority for the transportation infrastructure project. 50% of house buyers Greenland Danga Bay Jade Palace iskandar project is expected to be sell to foreigners. House buyers and investors from China, Hong Kong, Singapore, Middle East and Indonesia are their targeted foreign house buyers, said Greenland Danga Bay marketing manager Yi Fang.