Chinese developer launches coastal city in Iskandar

Chinese developer Country Garden unveiled its mega project in Danga Bay last Sunday.

The Hong Kong-listed developer deployed 10 coaches to transport Singaporeans from five pick-up points across the city-state to the Country Garden @ Danga Bay (pictured) showflat at Danga Bay in Johor Bahru, approximately five minutes away from the Malaysian CIQ complex (customs, immigration and quarantine).

Although Country Garden also rolled out an amusement park, however, operation of rides will only commence on Saturday, due to the huge number of guests.

Nevertheless, visitors and potential buyers received gifts such as RM20 petrol vouchers, car wash vouchers, as well as food and carnival vouchers worth RM388.

According to a Country Garden spokesman, half of the 7,000 available units were reserved prior to Sunday's launch. Singaporeans made up 20 percent of the buyers who placed bookings, while Malaysians and Chinese nationals comprised 30 percent and 50 percent, respectively.

In total, the 20ha freehold project will offer over 9,000 units. The upcoming coastal city will feature six yacht berths, a shopping mall, a 330m man-made beach and 44 buildings ranging from nine to 48 storeys high.

Residential units include studios (400 sq ft) and penthouses (3,000 sq ft), with an average selling price of around RM720 psf.