Among the components in the project on a 2.02ha site, which is expected to be completed in the third-quarter of 2018, are an office tower, two internationally-branded serviced residences, a hotel, a lakeside shopping centre and business suites.

“Iskandar Malaysia will continue to be the main driving factor in Johor and the influx of domestic and foreign investors will create demand for commercial and residential properties in the region,’’ said Chia.

He said demand for landed properties in Iskandar Malaysia was still good and this was reflected by Japanese investors purchasing bungalows at the company’s Bandar Seri Alam in the eastern gate development zone of Iskandar Malaysia.

Chia said the bungalows were sought after by the Japanese as they were very expensive in Japan, adding that many of the buyers had expressed interest to move to Iskandar Malaysia.

“We have hot weather the whole year and golfing is also cheap in Malaysia unlike in Japan where it is expensive and you have to book years before you can even tee off,’’ he said.

UMLand currently has mixed township developments namely Bandar Seri Alam, Taman Seri Austin and Taman Seri Albion – all strategically located within Iskandar Malaysia, Johor and Bandar Seri Putra in Bangi, Selangor.


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