Recently Forest City iskandar project at Tanjung Kupang gains a lot of attentions from local Malaysian and Singaporean. It is especially heated up when Singapore government request for environment research report regarding the land reclamation.
KPRJ stated that Forest City which is located at
Tanjung Kupang is a 30 years mixed integrated iskandar project plan, and the gross development value GDV amounted
to RM600 billion.
The Chairman of KPRJ Datuk Osman revealed in the press
conference, KPRJ suggests the Forest City development to taken up johor land
area of 5000 acres. However, it is believed that the actual johor land size for
Forest City when completed is around 4000 acres.
Osman pointed out that the iskandar project development
including residential housing, commercial zone, school and etc. It is expected
250,000 to 500,000 people will stay and work there in the Forest City.
For the current stage, Forest City is in the progress of land
reclamation for 49.3 hectare. It is expected to build a showroom as a center to
manage Forest City related development and information center showcase the
information related to Forest City.
Due to Singapore concern about the land reclamation which
may affect its border, environmental and ocean resources, Johor state environment
department already ordered to stop the land reclamation. The first stage of land
reclamation that expected to be completed in 18 months hence to be delayed.
Osman emphasize that the Forest City iskandar project so far
have undergoing related water conservancy research to ensure Forest City
project doesn’t affected the ocean system, or causing pollution to the
environment.
Forest City is a joint development between Country Garden and Esplanade Danga under the company name Country Garden Pacific View. Country Garden own 60% of the share while Esplanade Danga hold the rest 40% of Country Garden Pacific View. KPRJ is the shareholder of Esplanade Danga with 20% stake in it.
