The start-up phase of Nusajaya Tech Park, a joint venture between Ascendas Group and UEM Sunrise, will be ready at the end of next year.
Development of one of Iskandar's flagship zones, Nusajaya, is being stepped up significantly. Master developer UEM Sunrise yesterday disclosed comprehensive plans for phase two of the project, west of Johor Baru city. The first phase had a strong focus on homes, while the second will be about job creation through boosting commercial and industrial heft. "We are growing Nusajaya organically and in phases, making sure supply and demand are balanced... It is not like pumping in steroids," Mr Raymond Cheah, UEM Sunrise chief operating officer, commercial, said yesterday. The second phase is focused on the 1,840ha Gerbang Nusajaya area, which will have a gross development value of RM42 billion (S$15.7 billion) and will be developed over 25 years. It is expected to create about 76,000 direct and 137,000 indirect jobs, with an estimated 220,000 population to boot. Key commercial features in the area include the Nusajaya Tech Park, FASTrack Iskandar and the Asian Trade Centre which will boast the China Wholesale Mall, akin to Dubai's Dragon Mart. The Puteri Harbour Convention Centre is also set to start construction next year, with completion aimed for 2018 with a total hall area of 5,000 sq m.
Approval has just been obtained from the Maritime and Port Authority of Singapore for a ferry service to connect Puteri Harbour to HarbourFront, Mr Cheah said. UEM has engaged WaveMaster with services targeted to start in the second quarter of this year. Nusajaya Tech Park got a huge boost last month as well, as Telekom Malaysia signed a land purchase agreement to build a data centre facility there. It will include the provision of cloud services and other smart services to all business owners in the park. "This enhances our capabilities, as we can attract industries which require high-speed connectivity, for example," said Mr William Tay, Ascendas South-east Asia chief executive officer. The start-up phase of the Nusajaya Tech Park, a joint venture between Ascendas Group and UEM Sunrise, will be ready at the end of next year. About 73 per cent of an initial release of 21 ready-built facilities have been sold at about RM380 per sq ft, mostly to Singapore companies. FASTrack Iskandar - the planned motorsports city - will soon start construction as well, pending government approvals. The projects will add to the budding 9,700ha Nusajaya region, where developments such as Pinewood Iskandar Malaysia Studios and biotechnology park Bio-XCell are taking shape. UEM is also developing Gerbang Nusantara, a 63ha housing project of 7,735 units. The first phase of 975 units will be ready to be launched later this year.
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