Gamuda to showcase Horizon Hills in Singapore

Gamuda to showcase Horizon Hills in Singapore

May 2 2007

SINGAPORE: Gamuda Land, a leading property developer in Malaysia, will showcase in Singapore its "best-of-the-best" property development located in Nusajaya, a key area in Johor's Iskandar Development Region (IDR).

The development, called "Horizon Hills", will be showcased to Singaporeans at a public forum on "Real Estate Investment Forum on Malaysia's New Southern Region Growth Corridor: Introducing Horizon Hills @ Nusajaya, IDR" at the Suntec Singapore International Convention and Exhibition Centre on May 12.

The forum will be a platform to share and discuss Malaysia's property investments, in particular residential development, with specific reference to Horizon Hills, the residential core and one of the seven signature developments of Nusajaya, Gamuda said in a statement.

"Horizon Hills is the-first-of- its-kind residential homes crafted to serve the residential needs of Nusajaya within the IDR as well as complementing Singapore's growth strategy, providing an 'alternative quality of life' not readily found on the Island State."

Horizon Hills, launched on March 11, is a 485ha freehold development, comprising about 6,000 units of residential properties with an estimated gross development value of RM2.6 billion, to be completed over the next eight to 10 years.

It is developed by Arapesona Development Sdn Bhd, a joint-venture development between Gamuda Land, the lead shareholder and UEM Land, the master developer of the 9,700ha Nusajaya.

Discussion topics will include an update on Malaysia's property market, in particular the outlook of residential properties in southern Johor and its investment opportunities given the recent relaxation of regulations and incentives for foreign purchase of properties in Malaysia, as well as the benefits of the "Malaysia, My Second Home" programme.

Nusajaya, where Horizon Hills is located, is a key flagship zone in the 2,200sq km IDR, a proposed growth region with key industrial, logistics and commercial centres in the new Southern Region Growth Corridor of Malaysia.

Admission to the forum is free. Reservation and registration can be obtained at telephone numbers 68208000 or 97390810 (Stuart Tan) in Singapore or 07-5112282 or 012-7183865 (Alex Leon) in Johor.

Also, there will be a preview of Horizon Hills at the same venue on May 13. - Bernama