Hong Kong-listed Guangzhou R&F Properties Co Ltd, which recently bought 116 acres in Johor Baru from the Sultan of Johor for RM4.5bil. Market talk is that a 19-block development is in the blueprint.
But according to its filing to the Hong Kong exchange, Guangzhou R&F plans to develop high-rise residential units, low-density housing, retail properties, offices, hotel and a shopping mall, all of which will be on a saleable floor area of about 3.5 million sq m. That’s almost 10 times the floor space of the Petronas Twin Towers in Kuala Lumpur.
Also, Hao Yuan Investment Pte Ltd, which is believed to be a China-linked company registered in Singapore, is entering into a joint venture with Iskandar Waterfront Holdings to develop 15ha in Danga Bay.
