Re: Teega
May 17, 2013 - PropertyGuru.com.my
By Farah Wahida:
Singapore’s Pacific Star Development Pte Ltd revealed plans to build an integrated mixed-use project in Iskandar Malaysia, reported The New Straits Times.
With a gross floor area (GFA) of around 1.3 million sq ft, the development in Puteri Harbour will feature a lifestyle retail centre, exclusive waterfront apartments and SOHO units (small office home office).
The site for the project was purchased from UEM Land Holdings Bhd for RM93.33 million, with the negotiations for the land starting in early-2011.
Specifically, the development comprises two four-storey blocks for the SOHO units and three 25-storey apartment towers with around 800 units ranging from one- to four-bedders. All these units will face the sea and Singapore’s western skyline.
Meanwhile, the two-storey commercial lifestyle retail centre, with a floor area of about 120,000 sq ft, will contain 80 retail units.
The project is sited on a strategic waterfront location in Puteri Harbour and is within walking distance to the Puteri Harbour Custom, as well as the Immigration and Quarantine Centre.
“Our integrated waterfront project will bring a slice of affordable luxury to the centre of Puteri Harbour, catering to the accommodation needs of discerning Malaysians, Singaporeans and the growing expatriate community in the Iskandar region,” said Glen Chan, President and Group COO of Pacific Star.
“This unique project will spearhead our development business in the ASEAN countries and we look forward to launch the sales before year-end where we aim to achieve a GDV (gross development value) of more than RM1.18 billion.”
May 17, 2013 - PropertyGuru.com.my
By Farah Wahida:
Singapore’s Pacific Star Development Pte Ltd revealed plans to build an integrated mixed-use project in Iskandar Malaysia, reported The New Straits Times.
With a gross floor area (GFA) of around 1.3 million sq ft, the development in Puteri Harbour will feature a lifestyle retail centre, exclusive waterfront apartments and SOHO units (small office home office).
The site for the project was purchased from UEM Land Holdings Bhd for RM93.33 million, with the negotiations for the land starting in early-2011.
Specifically, the development comprises two four-storey blocks for the SOHO units and three 25-storey apartment towers with around 800 units ranging from one- to four-bedders. All these units will face the sea and Singapore’s western skyline.
Meanwhile, the two-storey commercial lifestyle retail centre, with a floor area of about 120,000 sq ft, will contain 80 retail units.
The project is sited on a strategic waterfront location in Puteri Harbour and is within walking distance to the Puteri Harbour Custom, as well as the Immigration and Quarantine Centre.
“Our integrated waterfront project will bring a slice of affordable luxury to the centre of Puteri Harbour, catering to the accommodation needs of discerning Malaysians, Singaporeans and the growing expatriate community in the Iskandar region,” said Glen Chan, President and Group COO of Pacific Star.
“This unique project will spearhead our development business in the ASEAN countries and we look forward to launch the sales before year-end where we aim to achieve a GDV (gross development value) of more than RM1.18 billion.”