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

Breaking record land prices in Iskandar Malaysia

Johor land prices received historical record high in transaction yesterday. Johor Sultan Ibrahim sold 6 pieces of johor land within Special Economic Zone Iskandar Malaysia with the total land coverage of 116 acres to China Guang Zhou property developer R&F Properties with the total price of RM4.5 billion ( Malaysia Dollar). The land price was transacted at RM890 per square feet, breaking the record of land prices China property developer Country Garden bought for the johor land at Danga Bay with RM363 per square feet.

According to report submitted by R&F Properties to Hong Kong Securities Exchange, it bought the johor land at Iskandar Malaysia with above land prices after negotiation with Johor Sultan Ibrahim. Report said R&F Properties will pay RM100 million as down payment, and the remaining payment will be paid within following 3 years in four time method.

The Chairman of R&F Properties Mr Li said this is the company first oversea land purchase. He mentioned that Malaysia has large Chinese population and at the same time local government implementing policies that attracting foreign property buyers, so it is very suitable for the company first foray to oversea property market. “Malaysia has strong economic fundamental and supported by huge human population, its property market has strong potential growth.”

Since the launch of Special Economic Zone Iskandar Malaysia and efforts of IRDA, Iskandar Malaysia has successfully attracted many real estate investments in Iskandar development region which supported by surrounding highly developed country like Singapore and strong economic growth and high population country like Indonesia. Since the 2008 economic crisis, the economic weigh highly and shifting from west to east and Iskandar Malaysia attractive and investor friendly environment and policies allow Iskandar Malaysia become a bright star within South East Asia region. 

R&F Properties