27 June 2014

Greenland outlines first project here

  27 June 2014

CHINA’S state-owned Greenland Group plans to build apartments and a private club, among others, at its first project in Iskandar Malaysia.

The Shanghai-based group, through its Malaysian subsidiary Greenland Danga Bay Sdn Bhd, will develop the project on a 760,000 sq ft site in Danga Bay.

The group signed an agreement in April for the purchase of the land from Iskandar Waterfront Holdings Sdn Bhd (IWSB) for RM600 million.

Danga Bay was chosen because of its strategic location in Iskandar Malaysia, which has seen robust growth in recent years, said Greenland Group Malaysia general manager Wu Shao Hua at the launch of the Greenland Danga Bay brand, here, on Wednesday night.

“It will take us five to eight years to develop our project, called Jade Palace,” he said.

The cost and gross development value of the project have yet to be ascertained as the company’s Malaysian operation is still at its planning stage.

Greenland Danga Bay will build commercial shop offices, theme street malls, resort homes and stylish high-rise residences with panoramic view.

The development will offer a comprehensive all-in-one living and lifestyle services, such as home delivery, general housekeeping, home improvement, interior landscaping and property management.



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