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Thursday, February 2, 2012

UMLand to start mixed project in downtown Johor Baru

PASIR GUDANG: United Malayan Land Bhd (UMLand) plans to start its multi-million ringgit mixed development project in Jalan Wong Ah Fook in downtown Johor Baru this year.

Group chief Pee Tong Lim said the project was now in the planning stage which included the gross development value (GDV), land utilisation and other related development details.

“We are looking at building a hotel block, a serviced apartment tower and a retail podium on the site,'' he said at the opening of the company's sales gallery and corporate office Galleria Seri Alam here by UMLand chairman Tun Musa Hitam.

Also present at the events were the company's executive director Datuk Ng Eng Tee, UMLand's subsidiary Seri Alam Properties Sdn Bhd general manager Frankie Tan Kiat How and Iskandar Regional Development Authority chief executive officer Ismail Ibrahim.

Pee said he hoped the project would start concurrently with the RM1.8bil Johor Baru City Centre transformation plan which is expected to start either in the second or the third-quarter of the year.

The land is situated opposite Kompleks Tun Abdul Razak and just a short distance from JB City Square shopping mall.

Under the transformation plan, Sungai Segget which has been covered and turned into a pedestrian walkway would be opened up and beautified similar to the famous Cheonggyecheon river in downtown Seoul.

Separately, Pee said the company's joint venture project with UEM Land Bhd, the master developer of Nusajaya at Puteri Harbour, would start early next month.

By The Star

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