Done deal: Frankie (second right) exchanging the documents with Fujimora (second left) while Tan (right), Takahiro (left) and Ahmad Zahri (thrid right) and Pee look on.
JOHOR BARU: Iskandar Malaysia is set to attract more foreign property buyers who want to make the city as their second home or to invest in properties.
Johor Baru’s proximity to Singapore is one of the strong selling points and many of them are also attracted to the prices of the residential properties which are relatively cheaper compared to theirs home countries.
“Iskandar Malaysia is progressing well since its launch with many infrastructure projects and major developments taking shape within the next one to two years,’’ said Seri Alam Properties Sdn Bhd general manager Frankie Tan Kiat How.
He said this after the signing of Memorandum of Understanding (MoU) between the company and Global Asia Assets (M) Sdn Bhd (GAAM) at the Wealth of Iskandar Malaysia Conference.
Seri Alam Properties was represented by Tan and assistant general manager (Finance) Tan Siew Peng while GAAM by its chief executive officer Fujimora Masanori and general manager Sakanoue Takahiro.
The ceremony was witnessed by Johor committee chairman for Local Government and Housing Datuk Ahmad Zahri Jamil and UMLand Bhd chief executive officer Pee Tong Lim.
The company will develop 110 bungalows, each with a swimming pool with a land area of 4,500 sq ft each and a club house under the Japanese Holiday Homes in Bandar Seri Alam township in Pasir Gudang for Japanese buyers on a 8.09ha site overlooking a lake.
“We believe the project will be a good platform to attract more foreigners to come and buy properties in Iskandar Malaysia,’’ said Tan.
The collaboration, he added, would increase the number of Japanese community within the township which already has from the existing Japanese International School there.
By The Star