Either shortage of big parcel of land or land price near Singapore has gone up so high it's cheaper to build an island from scratch.
Country Garden to build massive island in Johor
Jun 16, 2014
China-based developer Country Garden Holdings will build a man-made island near Pendas, Johor with the help of Kumpulan Prasarana Rakyat Johor (KPRJ), the state’s economic development division.
Dubbed as the Forest City, the project spans more than 5,000 acres and will be developed over the course of 30 years. It is located near Johor’s second link and will comprise high-end homes.
“This will be a massive mixed development and the investment and commitment shows our confidence in the Malaysia market,” according to Kayson Yuen, Country Garden’s Regional President for Malaysia.
“We decided in the investment because the land cost was reasonable. I cannot remember the exact price but we have committed towards the project,” he said.
While there are concerns over the project’s environmental impact, Country Garden has assured everyone that it has been thoroughly studied for more than a year before the go signal was given.
The Chinese firm also engaged an Australian consultant, who helped build Sentosa Island in Singapore. The project was also supposed to be announced back in March, but its announcement was delayed due to the MH370 tragedy.
This is a massive development, got some super trees and Sentosa; see this video link from Super325 FB...
https://www.facebook.com/photo.php?v=688526344526331&set=vb.237626999616270&type=2&theater