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Monday, December 31, 2007

UEM Land’s Puteri Harbour to start taking shape in 2008

KUALA LUMPUR: UEM Land Sdn Bhd, the master developer of Bandar Nusajaya, Johor, expects several things to kick off in 2008 for the development’s RM5 billion Puteri Harbour precinct, said its managing director Wan Abdullah Wan Ibrahim.

Wan Abdullah Wan Ibrahim: The marina will be ready to receive its first yacht in August next year.

The freehold Puteri Harbour is an integrated waterfront and marina development, fashioned after the French Riveria. It has over 687 acres of commercial, residential, retail as well as leisure components.

“Construction for the Residential North Canal Estate and business hotel are targeted to be on the ground in the first half of 2008, while the Satellite Clubhouse and Puteri Harbour’s sales gallery are expected to be operational by August next year. Also, in August 2008, the 75-berth marina, one of the three marinas in Puteri Harbour, will be ready to receive its first yacht,” he said.

He added that the first building on the retail crescent, comprising high-end apartments, Small Office Home Office apartments, offices, retail and food and beverage space, is targeted to be ready by the first half of 2009. Among the features planned in Puteri Harbour are a wide
promenade by the water, low-density developments, thematic gardens and lush landscaping.

Wan Abdullah said that Puteri Harbour is a challenging project as it involves a lot of environmental issues. “It sits on one side of the Tebrau Straits and whatever we do on our side, would have an impact on Singapore’s end. Progress on the site is coming along well and we have completed the inner lagoon and would be able to open the waterway passage by mid-2008.

Also, all buildings have obtained the necessary approvals,” he revealed.

UEM Land, a wholly owned subsidiary of UEM World Bhd recently entered into a joint venture with a unit of Dubai World Company, Limitless Holdings Pte Ltd, to form Haute Property Sdn Bhd. The joint-venture company will undertake the development of the 111- acre residential north precinct of Puteri Harbour. It will be developed into an exclusive residential enclave featuring a mix of distinctive, canal-front homes with individual berthings, and luxury condominiums. The project is expected to be complete in five years.

Bandar Nusajaya is a 24,000 acre integrated urban development and is a key component within the Iskandar Development Region. The seven signature developments within the regional city are Johor State New Administrative Centre, Sourthern Industrial and Logistics Clusters, Medical City, EduCity, Puteri Harbour Waterfront Precinct, International Destination Resort and Residential.

By theSun (by Allison Lee)


Unknown said...

hi Alison,
i am interested in the puteri harbour property. what can i do to be able to have a preview on site viewing. and have some idea on the cost of it.


Kimberg said...

Hi, thanks for commment, you can actually check their website here for more details information