The southern coastal edge of peninsula Malaysia will be mostly developed over time.
China’s property developer Country Garden Holdings Co Ltd and Johor’s economic development arm are in plans to develop over 2,000 hectares of reclaimed land in a project, which will include a man-made island, near the second link in Johor.
A study on the project, which will be developed over 30 years, was done more than a year ago.
In an interview with StarBiz, Country Garden’s regional president for Malaysia project Kayson Yuen said the China-based company had studied the mega project, known as “Forest City”, for more than a year before it decided to invest in it.
“We decided in the investment because the land cost was reasonable. I cannot remember the exact price but we have committed towards the project,” he said..
In March this year, StarBiz reported that the Hong-Kong listed company was joining hands with Johor’s economic development agency Kumpulan Prasarana Rakyat Johor (KPRJ) to build a massive man-made island near Pendas, Johor, for luxury homes.
The man-made island that had started works, however, raised eyebrows due to environmental concerns, among others.