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Senibong Cove
- Thread starter Jetstream
- Start date
I hope they will rezone the factory some place soon. The entire area is being gentrified slowly and it wouldn't do to have factories right at your door step.
Drool drool! Can also see when riding on causeway.
Would there be any issue of salt from sea water damaging cars or other stuff?
More salt intake, more value.
share with u something, most of the my coastal lines are bumi. :p
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The award is for Southeast Asia Property Awards Malaysia 2014. SC won both categories shortlisted.
The shortlisted projects are
Best Mid-Range Condo Development (South Malaysia[/B])
Senibong Cove by Front Concept -
Sdn Bhd
SilverScape @ Hatten City by Hatten Group Sdn Bhd
The Peak @ Johor Bahru by Gabungan AQRS Berhad
Best Housing Development (South Malaysia)
Olivine Luxurious Cluster & Semi-D Homes @ Seri Austin by Dynasty View Sdn Bhd
Senibong Cove by Front Concept Sdn Bhd
Sunway Lenang Heights – Phase 1A by Sunway City (JB) Sdn Bhd
Full list of winners
http://www.property-report.com/winn...-asia-property-awards-malaysia-unveiled-36107
http://www.property-report.com/winn...-asia-property-awards-malaysia-unveiled-36107
Oh wow.. This is great ! Feel kinda proud looking at this
Yes actually i was wondering as well, horizon hills , puteri harbour etc are not in the list..
don't know why whenever there is an event , i have to be outstation..LOL. otherwise would be nice to actually see you guys in person.
Walker Corp has opened a 1700sf sales office at Liat Towers... Will unveil master plan for its adjoining Senibong Hill jv with Charles & Keith in Oct. Below is an extract from an article that appeared in BT 18/8:
[SINGAPORE] The tussle for Singaporeans' property dollar looks set to intensify with the opening of a sales office here by Australian player Walker Corporation and the initial launch of Princess Cove by Guangzhou-based R&F Properties over the weekend.
Walker Corp, one of Australia's largest private developers, said that the 1,700 square foot office in Liat Towers on Orchard Road would promote its domestic projects and its sole project in Malaysia, Senibong Cove, which it is developing with Iskandar Waterfront Holdings.
Group executive chairman Lang Walker told BT: "The opening of the sales office in Singapore will be very important to our Senibong project and it gives us a foothold in the Singapore market." But the billionaire has no interest in developing homes in Singapore where he thinks the market is mature and "(residential) products are very expensive".
More Singaporeans are snapping up properties across the Causeway, where prices are sometimes one-third of that back home. Going by central bank estimates in May, slightly more than half of real estate investments abroad went into Malaysia last year.
Interest from overseas buyers for Senibong Cove, the 220-acre gated project with a marina and retail precinct, has grown significantly with Singaporeans accounting for over 70 per cent of total overseas buyers, Mr Walker observed. Overseas buyers make up 40 per cent of sales in phases two and three, up from 20 per cent in phase one. Mr Walker noted that buyers in phase one are seeing "an 80 per cent uplift in value" of their properties when compared to prices in phase three. Apartments in phase three are going for averages of between RM670 (S$265) per square foot to RM860 psf.
Also in the works is an adjoining 16-ha Senibong Hill, which Mr Walker is developing with the Wong family that is behind Singapore's fashion brand Charles & Keith. According to Mr Walker, both sides decided to work together after buying the adjacent plots. Their master plan for 2,000 units of landed homes and high-rise condos - with a gross development value of RM2 billion - will be unveiled in October.
......
Meanwhile, despite concern over potential oversupply of homes in Iskandar, Mr Walker said that he was taking a long-term view. The Senibong project spans 8-10 years, during which one should expect peaks and troughs, he added. When completed, the US$1.3 billion project would have more than 8,500 villas and high-rise apartments.
While there is bound to be competition, there are differences between the Australian and the Chinese models, Mr Walker continued. While the Chinese developers are building ahead of demand, Senibong Cove is "building on natural demand" as it needs to move at least 30 per cent of units in each phase before building.
"The Chinese are coming to Malaysia and other parts of the world with massive projects where the plot ratio is in the 6-10, whereas Senibong Cove is at 3.2," Mr Walker added. More than half of Senibong homes are low-rise landed units, while most Chinese projects tend to be fully high-rise condos.
Walker Corp is well-remembered for breathing life back into heritage sites in Sydney. After listing the company, Mr Walker sold control to Australand in 1999 to focus on his private property portfolio but retained the rights to reuse the company name after five years. In 2003, Mr Walker re-established Walker Corp.
Mr Walker has A$12 billion (S$14 billion) worth of development in the pipeline in Australia, including some 25,000 residential units and 450-ha of industrial landbank. This is why he is sitting on the sidelines for further land-banking since "it is hard to beat the Chinese with their cheque books".
The group is also undertaking Australia's largest commercial development, Collins Square in Melbourne's CBD, in which the Kuok Group was its partner until 2-3 years ago. Walker Corp is now developing the project on its own.
[SINGAPORE] The tussle for Singaporeans' property dollar looks set to intensify with the opening of a sales office here by Australian player Walker Corporation and the initial launch of Princess Cove by Guangzhou-based R&F Properties over the weekend.
Walker Corp, one of Australia's largest private developers, said that the 1,700 square foot office in Liat Towers on Orchard Road would promote its domestic projects and its sole project in Malaysia, Senibong Cove, which it is developing with Iskandar Waterfront Holdings.
Group executive chairman Lang Walker told BT: "The opening of the sales office in Singapore will be very important to our Senibong project and it gives us a foothold in the Singapore market." But the billionaire has no interest in developing homes in Singapore where he thinks the market is mature and "(residential) products are very expensive".
More Singaporeans are snapping up properties across the Causeway, where prices are sometimes one-third of that back home. Going by central bank estimates in May, slightly more than half of real estate investments abroad went into Malaysia last year.
Interest from overseas buyers for Senibong Cove, the 220-acre gated project with a marina and retail precinct, has grown significantly with Singaporeans accounting for over 70 per cent of total overseas buyers, Mr Walker observed. Overseas buyers make up 40 per cent of sales in phases two and three, up from 20 per cent in phase one. Mr Walker noted that buyers in phase one are seeing "an 80 per cent uplift in value" of their properties when compared to prices in phase three. Apartments in phase three are going for averages of between RM670 (S$265) per square foot to RM860 psf.
Also in the works is an adjoining 16-ha Senibong Hill, which Mr Walker is developing with the Wong family that is behind Singapore's fashion brand Charles & Keith. According to Mr Walker, both sides decided to work together after buying the adjacent plots. Their master plan for 2,000 units of landed homes and high-rise condos - with a gross development value of RM2 billion - will be unveiled in October.
......
Meanwhile, despite concern over potential oversupply of homes in Iskandar, Mr Walker said that he was taking a long-term view. The Senibong project spans 8-10 years, during which one should expect peaks and troughs, he added. When completed, the US$1.3 billion project would have more than 8,500 villas and high-rise apartments.
While there is bound to be competition, there are differences between the Australian and the Chinese models, Mr Walker continued. While the Chinese developers are building ahead of demand, Senibong Cove is "building on natural demand" as it needs to move at least 30 per cent of units in each phase before building.
"The Chinese are coming to Malaysia and other parts of the world with massive projects where the plot ratio is in the 6-10, whereas Senibong Cove is at 3.2," Mr Walker added. More than half of Senibong homes are low-rise landed units, while most Chinese projects tend to be fully high-rise condos.
Walker Corp is well-remembered for breathing life back into heritage sites in Sydney. After listing the company, Mr Walker sold control to Australand in 1999 to focus on his private property portfolio but retained the rights to reuse the company name after five years. In 2003, Mr Walker re-established Walker Corp.
Mr Walker has A$12 billion (S$14 billion) worth of development in the pipeline in Australia, including some 25,000 residential units and 450-ha of industrial landbank. This is why he is sitting on the sidelines for further land-banking since "it is hard to beat the Chinese with their cheque books".
The group is also undertaking Australia's largest commercial development, Collins Square in Melbourne's CBD, in which the Kuok Group was its partner until 2-3 years ago. Walker Corp is now developing the project on its own.
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