Premium Pan Pacific branded suites to join the Puteri Cove Residences

SINGAPORE (Oct 21): Malaysia’s first Pan Pacific Serviced Suites, a joint venture by Singapore-based real estate developers Pacific Star and DB2 under their joint member company Pearl Discovery Development Sdn Bhd, is scheduled to open in early 2018 at Puteri Harbour in Nusajaya, Iskandar Malaysia. The suites will be operated by Pan Pacific Hotels Group,

“We are extremely pleased to welcome ‘Pan Pacific’, a leading hospitality brand, to Iskandar, especially at a time when demand for premium accommodation in this part of Malaysia is going strong,” says Iskandar Regional Development Authority (IRDA) CEO Datuk Ismail Ibrahim in a statement.

Sited on 7.8 acres of land, the 205 units of serviced suites are part of premium waterfront mixed-use development, Puteri Cove Residences, alongside soho/loft units and a two-level waterfront retail promenade. These will occupy 16 floors of Tower 3 of the apartments.

“Pan Pacific Serviced Suites Puteri Harbour is a premium property that will extend our geographical reach and strengthen our engagement with customers in Malaysia,” said Pan Pacific Hotels Group CEO Bernold Schroeder.

The 1-bedroom suites are approximately 624.3 sq ft in size, with 2-bedroom suites with and without a study at 893.4 sq ft and 861.1 sq ft respectively. Prices will be announced at a later date.

Meanwhile, residential apartments in Tower 1 and Tower 2 of Puteri Cove Residences are on sale at an average price of RM1,300 per sq ft, starting at RM913,000 for a 1-bedroom apartment with a study.

“Partners, investors and buyers are increasingly discerning and are looking for well-located prime properties by developers they trust to deliver quality. This partnership underscores the confidence in our latest development, Puteri Cove Residences and Quayside, which faces a private marina and is the only luxury waterfront project with both private-marina and sea views in Iskandar,” said president and CEO of Pacific Star Development, Glen Chan.

Johor remains a top investment destination for manufacturers, attracting RM27 billion in investments in the first half of this year. According to IRDA, at least three foreign theme park operators are expected to open attractions in Iskandar as part of the RM30 billion of committed investments it has targeted for the year.