Brisk sales for Iskandar condo Aquaint Danga Residensi

PETALING JAYA: In spite of recent analyst reports suggesting a softening of the Iskandar Malaysia property market, nearly 80% of two blocks of luxury new launch condo in Aquaint Danga Residensi were sold to house buyer at its official launch over the weekend.

Aquaint is a RM900mil development by Para Impiana Sdn Bhd, a joint venture between Rampai Fokus Sdn Bhd and its two Singaporean partners – Imperial Marina Pte Ltd and Skyfront Holdings.

Rampai Fokus is a wholly-owned subsidiary of Iskandar Waterfront Holdings (IWH).

The iskandar project development comprises four high-rise towers spread over a 1.6-ha prime waterfront site facing the Straits of Johor.

The new launch strong demand has been surprising to watchers in the Iskandar property market because of the recent spate of lacklustre sales and delayed property launches by developers within the Flagship A zone at Iskandar Malaysia.

On top of that, the luxury new launch condo units are priced about 30% higher than similar high-end apartment units launched by China’s Country Garden and Greenland Group, and all three projects are located adjacently along the Danga Bay waterfront.

Phase 1 site clearing works on Aquaint’s first two tower blocks, which have a gross development value of RM382mil, have begun and the units are slated for occupation by late 2018.

“Singapore luxury living standards at local prices means fantastic price savings for purchasers and investors,” IWH group executive director Lim Chen Herng said in a statement.

Selling prices range between RM900 and RM1,200 per sq ft.

The completed Aquaint development will comprise four luxury tower blocks with a total of 818 units with bubble lifts, integrated shops, high-end food and beverage outlets as well as extensively landscaped parks linked to an 8-km boardwalk along the Danga Bay waterfront.

Singapore co-owner of Aquaint, Tan Yang Poh, said the development was comparable to some of the best in luxury condominium projects in Singapore.

“But you cannot beat this in terms of cost savings and connectivity, especially with the upcoming mass rapid transit extension to Johor Bahru from Singapore,” she said.


Source: http://www.thestar.com.my/

RF Princess Cove at Tanjung Puteri

Princess Cove @ Tanjung Puteri

Princess Cove @ Tanjung Puteri by Hong Kong Exchange listed China based company Guangzhou R&F Properties having its grand sales gallery opening yesterday at Johor Bahru old lorry custom Tanjung Puteri. The grand opening of Princess Cove sales gallery attracted and received many investors and house buyers to there.

To showcase its luxury, elegant and leisure concepts and designs for Princess Cove, sales gallery at Tanjung Puteri has specific unique design for its inside and outside building. Besides of show unit for new launch apartments iskandar project, it has specific uniquely designed restroom respectively in the sales gallery. Outside of Princess Cove sales gallery is a human-made beach, infinity swimming pool and gym equipments.

Princess Cove development will offer 5 Star hotel, Grade A office tower, SkyPark, Shopping Mall, Clubhouse and Apartments namely HOPSCA. When completed, Johor Bahru Tanjung Puteri Waterfront will have an estimated 41 million sq ft of built-up space.

Princess Cove is located just opposite Woodlands Waterfront, within walking distance to Johor Bahru CIQ and new MRT to be at Tanjung Puteri. Princess Cove is situated exactly at the location of the Johor Bahru old Custom, Immigration and Quarantine site CIQ. Facing toward Woodland Singapore, its strategy location of adjacent Singapore separated by walking distance causeway is the nearest to Singapore and best choice for investors and house buyers.

R&F Properties plans for 15 blocks of 35-storey new launch apartment buildings under phase 1 iskandar project this year, a total of 3,000 plus units of apartments and commercial shops for Princess Cove at Tanjung Puteri. Part of phase 1 are ready to be booked in July which comprise 400 units of new launch apartments built on four blocks of 30-35 storeys.

R&F Properties with over 20 years of experience in property development, has been involved in the building of classical bungalows, grade A office towers and five star hotels.It has a series of iconic developments on its portfolio mostly in China. Princess Cove @ Tanjung Puteri is its maiden iskandar projects in Malaysia.

Investors are betting on the economic development spurred by the establishment of Iskandar Malaysia and the upcoming rapid transit system between Johor Bahru and Singapore.

Princess Cove @ Tanjung Puteri details:

Project Name: R&F Princess Cove
Developer: R&F Properties
Address: Johor Bahru, Johor
Property Type: Service Apartment
Land Title: Commercial
Tenure: Freehold
Land Tenure: Freehold
TOP: 2018
Units: 1-4 bedroom

Facilities
- Garden clubhouse
- Greenery Square
- Swimming Pool
- Feature Wall
- Sea View Ox Bar
- VIP Waiting Room
- Children’s Playground
- Gymnasium
- Pool Room
- Indoor Ox Bar
- Grand Entrance
- Gazebo

Princess Cove @ Tanjung Puteri