Jul 25 2024, 07:03 PM, updated 2y ago
3311.HK
QUOTE
Only those who commute between JB and SG daily truly know where the best property locations in JB are.
Properties advertised as 'nearby JB or Tanjung Kupang customs' but not within walking distance or less than an actual driving distance of 5 km create a false impression to trick investors who lack knowledge.
Those who haven’t suffered daily from the lack of last-mile public transportation in JB area are more likely to fall for the 'nearby JB or Tanjung Kupang customs' and '10 minutes to JB custom / SG' slogans used by developers.
That’s the real reason why Forest City, Gelang Patah has reached its current state.
It either has to rent out cheaply to attract Malaysians or Singaporeans who work in Singapore, or it will become a ghost town.
It will never be as prosperous as Shenzhen or Hong Kong SAR.
The 'Shenzhen - Hong Kong, SAR, China = Johor - Singapore '' dream in JB residents' minds will always remain just a dream.
Properties advertised as 'nearby JB or Tanjung Kupang customs' but not within walking distance or less than an actual driving distance of 5 km create a false impression to trick investors who lack knowledge.
Those who haven’t suffered daily from the lack of last-mile public transportation in JB area are more likely to fall for the 'nearby JB or Tanjung Kupang customs' and '10 minutes to JB custom / SG' slogans used by developers.
That’s the real reason why Forest City, Gelang Patah has reached its current state.
It either has to rent out cheaply to attract Malaysians or Singaporeans who work in Singapore, or it will become a ghost town.
It will never be as prosperous as Shenzhen or Hong Kong SAR.
The 'Shenzhen - Hong Kong, SAR, China = Johor - Singapore '' dream in JB residents' minds will always remain just a dream.
QUOTE
I wonder how the economy in Johor Bahru will boom once the RTS is completed.
How many people live in Singapore?
They can support a bit JB economy.
But not too many......
Mostly around 1 millions citizens / residents of SG ++
Everyone knows the answer.
Singapore has a total population of 5.69 million. [2024]
The city-state had 3.52 million Singaporean citizens and 0.52 million permanent residents, bringing the resident population to 4.04 million.
5.69 million - 4.04 million = 1.65 million
1.65 million is non-Resident. [ foreign employment in services ]
(mostly consisting of construction workers,
marine workers, 268,500 housemaids,
work permit holders, factory workers, and general workers,
with fewer S Pass and Employment Pass holders who are awaiting PR approval).
https://www.mom.gov.sg/foreign-workforce-numbers
Construction, Marine Shipyard and Process (CMP) Sector Workers =
Total Workforce [ Excluding migrant domestic worker (MDW) ] −
Total Workforce ( Excluding migrant domestic worker (MDW) and CMP Sector )
= 1,239,200 − 798,000
= 441,200
How many people live in Singapore?
They can support a bit JB economy.
But not too many......
Mostly around 1 millions citizens / residents of SG ++
Everyone knows the answer.
Singapore has a total population of 5.69 million. [2024]
The city-state had 3.52 million Singaporean citizens and 0.52 million permanent residents, bringing the resident population to 4.04 million.
5.69 million - 4.04 million = 1.65 million
1.65 million is non-Resident. [ foreign employment in services ]
(mostly consisting of construction workers,
marine workers, 268,500 housemaids,
work permit holders, factory workers, and general workers,
with fewer S Pass and Employment Pass holders who are awaiting PR approval).
QUOTE
As at December 2022, Singapore has 268,500 migrant domestic workers ( house maid ) , according to Singapore’s Ministry of Manpower (MOM).
https://www.mom.gov.sg/foreign-workforce-numbers
Construction, Marine Shipyard and Process (CMP) Sector Workers =
Total Workforce [ Excluding migrant domestic worker (MDW) ] −
Total Workforce ( Excluding migrant domestic worker (MDW) and CMP Sector )
= 1,239,200 − 798,000
= 441,200
QUOTE
Onn Hafiz’s own words:
“I am confident that with the help of the JS-SEZ, Johor can become the Shenzhen of South-East Asia.
In terms of geographical makeup, Shenzhen-Hong Kong is quite similar to Johor-Singapore.”
The focus sector for this new special economic zone will include:
Machinery & equipment
Food processing
Electrical and electronics
Chemical & petrochemical
“I am confident that with the help of the JS-SEZ, Johor can become the Shenzhen of South-East Asia.
In terms of geographical makeup, Shenzhen-Hong Kong is quite similar to Johor-Singapore.”
The focus sector for this new special economic zone will include:
Machinery & equipment
Food processing
Electrical and electronics
Chemical & petrochemical
Tropicana to develop RM35b mega townships in Johor
M’sian one of the top 10 largest developer to build S$10 billion ‘mega-townships’ in JB, 1 near S'pore, 1 near Legoland
The current rental price hike in Singapore makes it a "prime time" for Tropicana to launch these projects, its deputy CEO said.
July 22, 2024
Tropicana to develop RM35b mega townships in Johor
Artist impression of future plan for Lido Waterfront Boulevard.
KUALA LUMPUR: Tropicana Corp Bhd plans to unlock its landbank in Johor and develop two mega townships worth over RM35 billion in gross development value, capitalising on the booming property market, said its deputy chief executive officer, Khoo Thian Shyang.
He said that Tropicana's major shareholder, Tan Sri Danny Tan, aims to launch the Lido Waterfront Boulevard in Johor Bahru and Tropicana Uplands in Gelang Patah, foreseeing a need to meet expected upcoming demands for housing, commercial, recreational, and lifestyle hubs.
According to Napic, the Southern Region property market saw 103,527 transactions worth RM53.98 billion in 2023, reflecting an 18 percent increase in volume and a 34.9 per cent rise in value compared to 2022.
Napic's Property Market Report 2023 also noted a 20 per cent decrease in unsold property units in Johor, from 5,258 in 2022 to 4,228 units in 2023.
Khoo highlighted the company's strong presence in the Johor landed property market and expressed confidence in its potential, especially with growing multinational interest and inquiries from Singapore companies for Class A office buildings and hotels.
Since 2010, Tropicana has established a significant foothold in Johor through partnerships, such as with Iskandar Waterfront to develop the 37-acre Tropicana Danga Bay and the 227-acre Tropicana Danga Cove.
"We have over 1,000 acres of land in Lido, Danga Bay, Gelang Patah, Permas Jaya, and Pekan Nenas, which have been with Tropicana for more than a decade. Tan Sri Danny Tan is seizing the right moment to launch these two mega townships," Khoo told Business Times. He added that the current rental price hike in Singapore makes it an ideal time for Tropicana to roll out these townships to drive growth in Johor's booming market.
"Launching at this prime time allows us to achieve the highest prices, targeting above RM1,000 per square foot, setting a new benchmark in Johor Bahru," Khoo said, noting the appeal of the prime locations and modern features to locals, Malaysians working in Singapore, and Singaporeans alike.
Lido Waterfront Boulevard, an integrated mixed development with an estimated GDV of more than RM25 billion, will be situated on 163 acres of reclaimed land along the waterfront near Singapore. It will include sectors such as healthcare, medical tourism, hospitality, recreation, and lifestyle.
The project will begin with the launch of The Watermark Residences (Phase 1), with a GDV of RM1 billion, this quarter. The Watermark, located an eight-minute drive from the under-construction Bukit Chagar Station of the Johor Bahru-Singapore Rapid Transit System (RTS), will comprise 1,596 serviced residential units and 16 retail lots.
Khoo said that Tropicana is seeking joint venture partners for additional phases of the Lido project.
Tropicana Uplands is a 314-acre sustainable township in Gelang Patah. Its first residential precinct, Aster Heights, achieved a 100 percent take-up rate for its 193 units of two-story terraced houses within five months of its 2021 launch.
The upcoming Fraser Heights, with a GDV of RM387 million, will offer 518 units of premium two-story and two-and-a-half-story terraced houses.
Khoo said that both townships are strategically located with easy access to the Causeway and the Malaysia-Singapore Second Link Expressway, adding vibrancy to the Johor landscape.
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"Once the RTS is complete, Johor will be busier than Kuala Lumpur.
*************
We are excited about the special economic zone, which will boost demand for properties across Johor, including houses, offices, malls, and hotels," Khoo said.
He concluded that, with Johor experiencing accelerated growth, Tropicana aims to tap into this immense potential and transform these townships into dynamic metropolises in the south.
QUOTE
Tropicana Begins Construction on Lido Waterfront Boulevard in Johor
• 1 Nov 2024
Johor Bahru – Since 2010, Tropicana Corporation Berhad (“Tropicana” or “Group”) has established a significant foothold in Johor through many townships such as the 37-acre Tropicana Danga Bay, 227-acre Tropicana Danga Cove and 244-acre Tropicana Uplands. Today, Tropicana unveils its latest crown jewel in Johor – the billion-ringgit township, 163-acre Lido Waterfront Boulevard.
This freehold mixed development is poised to be the future of modern living, offering the best of both worlds – excellent connectivity and sustainable smart city living. To mark the start of this mega development, Tropicana hosted an official groundbreaking ceremony with its main contractor, China State Construction Engineering Corporation (“CSCEC”) for its first phase branded residence with Banyan Group, the Skypark Kepler.
CSCEC is a global leader in construction and development with operations in over 100 countries, bringing a wealth of experience in large-scale construction projects.
• 1 Nov 2024
Johor Bahru – Since 2010, Tropicana Corporation Berhad (“Tropicana” or “Group”) has established a significant foothold in Johor through many townships such as the 37-acre Tropicana Danga Bay, 227-acre Tropicana Danga Cove and 244-acre Tropicana Uplands. Today, Tropicana unveils its latest crown jewel in Johor – the billion-ringgit township, 163-acre Lido Waterfront Boulevard.
This freehold mixed development is poised to be the future of modern living, offering the best of both worlds – excellent connectivity and sustainable smart city living. To mark the start of this mega development, Tropicana hosted an official groundbreaking ceremony with its main contractor, China State Construction Engineering Corporation (“CSCEC”) for its first phase branded residence with Banyan Group, the Skypark Kepler.
CSCEC is a global leader in construction and development with operations in over 100 countries, bringing a wealth of experience in large-scale construction projects.
This post has been edited by plouffle0789: Nov 8 2024, 08:30 AM
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