The glittering jewel in Malaysia’s Iskandar Development Region is the Danga Bay waterfront city, a 25km coastal stretch with a financial district, an eco-tourism theme park and upscale hotels and homes.
With enthusiastic marketing, Danga Bay homes have received a warm response.
About 75 per cent of the Mediterranean-style Casa Almyra houses were reportedly sold before their official launch, with most bought by Malaysians.
But other buyers have not missed the boat yet, with two much-anticipated projects to be launched this year.
Danga Bay Service Residence and Resort Hotel, a RM536 million (S$237.1 million) development with luxury service apartments, is being developed by Ekovest.
And in October, Ekovest will launch Phase One of Sanctuary Island Villas: 82 waterfront bungalows and villas situated on their own island, complete with private berths.
The freehold units will be priced at RM3 million to RM15 million each, and are being touted as the country’s most exclusive private residential development.
Source : Sunday Times
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