that is what uem told us few years back on a ciq/ica for water taxis at tuas marina. whether approval from sg side ok or not, not confirmed.
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Puteri Harbour Community
- Thread starter Qube3
- Start date
that is what uem told us few years back on a ciq/ica for water taxis at tuas marina. whether approval from sg side ok or not, not confirmed.
Why do you think so?
The Tuas side MRT ends there and there is a bus interchange planned there. So it is naturally with a water taxis for connectivity. To me it is a matter of time and 20 months is more likely.
there cud even be a joint SIN /MY one stop CIQ at PH ? makes sense to hv water taxis to Tuas Marina as it takes only abt 20 mins ?
PPB: Puteri Harbour project will boost earnings by 2015
Posted on 28 August 2013 - 05:38am
Eva Yeong
[email protected]
KUALA LUMPUR (Aug 28, 2013): PPB Group Bhd expects its mixed project in Puteri Harbour at Nusajaya, Johor to be launched in the middle of next year and begin contributing positively to the group by 2015, said its COO of properties division Chew Hwei Yeow.
For the first half ended June 30, 2013 (H1), the property investment and development division contributed 19% to the group's segmental profit of RM156 million.
The group has also allocated RM60 million out of its RM528 million capital commitment towards this division. Of the RM60 million, RM40 million is allocated for the Puteri Harbour project which has an estimated gross development value of RM1.5 billion.
Chew said the project is located close to the second link to Singapore and the Custom & Immigration Quarantine Complex as well as other facilities which will attract both local and foreign buyers.
PPB Group managing director Lim Soon Huat said the project, which spans 12.5 acres with total gross floor area of 2 million sq ft, is at the planning stage and pending approvals.
He said it will be launched in stages and completed by 2017. The project comprises serviced residences and apartments, office tower and a food and beverage retail mall.
Lim said it is bullish on property development in Iskandar Malaysia and expects demand for the industrial properties to generate good growth for residential and commercial properties in Johor.
The proposed development will be undertaken by Southern Marina Development Sdn Bhd, a 70:30 joint venture company between the Kuok Brothers Group and Khazanah Nasional Bhd via Huge Quest Realty Sdn Bhd and Tanjung Bidara Ventures Sdn Bhd respectively.
The Kuok Brothers holds a 60% stake in Huge Quest while PPB Group holds the remaining 40%. PPB Group has a 28% indirect interest in Southern Marina, which bought the land from UEM Land Holdings Bhd for RM182 million in April this year.
Posted on 28 August 2013 - 05:38am
Eva Yeong
[email protected]
KUALA LUMPUR (Aug 28, 2013): PPB Group Bhd expects its mixed project in Puteri Harbour at Nusajaya, Johor to be launched in the middle of next year and begin contributing positively to the group by 2015, said its COO of properties division Chew Hwei Yeow.
For the first half ended June 30, 2013 (H1), the property investment and development division contributed 19% to the group's segmental profit of RM156 million.
The group has also allocated RM60 million out of its RM528 million capital commitment towards this division. Of the RM60 million, RM40 million is allocated for the Puteri Harbour project which has an estimated gross development value of RM1.5 billion.
Chew said the project is located close to the second link to Singapore and the Custom & Immigration Quarantine Complex as well as other facilities which will attract both local and foreign buyers.
PPB Group managing director Lim Soon Huat said the project, which spans 12.5 acres with total gross floor area of 2 million sq ft, is at the planning stage and pending approvals.
He said it will be launched in stages and completed by 2017. The project comprises serviced residences and apartments, office tower and a food and beverage retail mall.
Lim said it is bullish on property development in Iskandar Malaysia and expects demand for the industrial properties to generate good growth for residential and commercial properties in Johor.
The proposed development will be undertaken by Southern Marina Development Sdn Bhd, a 70:30 joint venture company between the Kuok Brothers Group and Khazanah Nasional Bhd via Huge Quest Realty Sdn Bhd and Tanjung Bidara Ventures Sdn Bhd respectively.
The Kuok Brothers holds a 60% stake in Huge Quest while PPB Group holds the remaining 40%. PPB Group has a 28% indirect interest in Southern Marina, which bought the land from UEM Land Holdings Bhd for RM182 million in April this year.
D
Deleted member 80916
Guest
Puteri Harbour is Nice,...but often can hear the SAF Training opposite ike link below,..
http://www.youtube.com/watch?v=1IyRpKfugF8&feature=youtube_gdata_player
So How ?
http://www.youtube.com/watch?v=1IyRpKfugF8&feature=youtube_gdata_player
So How ?
training grounds can be shifted la...
shift to where..?
to yr backyard haha...
one of the islands. maybe Ubin ? land at the mainland is too precious nowadays.
Definitely can hear the live firings, because I heard it before at 2nd link bridge loud and clear in my car with the windows up.
SAF to shift just so that don't disturb PH? i don't think so.
told you so. it's too high profile to not go ahead. also, you locked in the price early early since signed SPA. Moral of the story: don't get so hot so fast!
btw love your writeup on the potential fiscal and economic problems moving forward. very prescient.
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no la, also to free up precious land. nowadays SG govt seems very into shifting eg shifting airbase to Changi.. so shifting live firing area is likely too.
I found the following news in Chinese:
Johor will stop foreigners from buying properties in resale market
http://mykampung.sinchew.com.my/node/248268
which says Foreigners are the main cause of rising property price in Johor, the therefore Johor will ban Foreigners from buying properties in resale market.
If it is true, things will turn extremely UGLY.
Johor will stop foreigners from buying properties in resale market
http://mykampung.sinchew.com.my/node/248268
which says Foreigners are the main cause of rising property price in Johor, the therefore Johor will ban Foreigners from buying properties in resale market.
If it is true, things will turn extremely UGLY.
If Foreigners are not allowed to buy properties in resale market, then who should we Singaporean sell Iskanda properties to?
We can't sell to Malaysian, since they will not buy, they can buy at Malaysian units, or bumi lots.
If we can't sell to Foreigners, what will happen?
We can't sell to Malaysian, since they will not buy, they can buy at Malaysian units, or bumi lots.
If we can't sell to Foreigners, what will happen?
I didn't sign any SPA. it was only a booking form. there might still be surprises down the road-layout change, price change, fittings change, etc. With MY developers, you never know rite?
My Economic blah blah was quite good rite?
a lot of thought went into it. wrote it cos this forum can get too rosy sometimes, and ppl might start forgetting that MY and SG are really peanuts in the grand scheme of things.
My Economic blah blah was quite good rite?
a lot of thought went into it. wrote it cos this forum can get too rosy sometimes, and ppl might start forgetting that MY and SG are really peanuts in the grand scheme of things. In Australia it is the same. The restriction there is foreigners cannot buy resale properties. Foreigners can only buy new properties.
Therefore you cannot sell your property to any foreigners, only to locals. But Aussies like landed unless in center of big cities, then no choice. Then again, the upside is really shitty.
I didn't sign any SPA. it was only a booking form. there might still be surprises down the road-layout change, price change, fittings change, etc. With MY developers, you never know rite?
My Economic blah blah was quite good rite?
I think Tiong Nam did not get Government approval to sell the project yet until now. What they did was to get the bookings unofficially first. That's why it is only booking. Then again, they cannot take your booking fee yet. At most is just a cheque. After it is officially launched, then only SPA can be prepared as final specs and drawings would be included in the SPA. Watch out if the TOP date is from the date of signing or date of stamping. MY developers are very smart in protecting themselves. Anyway, happy for you.
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