News about Johor Bahru

Residensi Oasis, developed by CTC Development Malaysia Sdn.

Binastra said its wholly owned subsidiary Binastra Builders Sdn Bhd has accepted the letter of award for the piling works from Exsim on the Causewayz Square @ JBCC development, comprising 4,525 units across four residential towers.

Located 13km from Johor Bahru city centre, Sunway LakeHills is accessible via the Eastern Dispersal Link Expressway, Tebrau Highway, East Coast Expressway and the upcoming RTS Bukit Chagar station.

At least four research houses upgraded the trust to ‘buy’ after raising their forecasts and target prices, betting that potential income from the mall, the trust’s first outside of the more mature Klang Valley, will offset the dilution to earnings per unit.

The project is located 8km from the upcoming Rapid Transit System (RTS) station at Bukit Chagar, which will connect Johor Bahru to Woodlands, Singapore.

To undertake the project, a special purpose vehicle will be established with Twinicon holding a 75% stake and Crest Star holding the remaining 25%.

The contract involves the construction of a 47-storey tower comprising 732 serviced apartment units.

The projects involve two serviced apartment blocks, which are a 43-storey tower with 848 units (Plot 1) and a 41-storey tower with 735 units (Plot 2).

Ge-Shen said the RM35 million disposal consideration represents an 8.

It also brings the group's total contract wins for 2024 to about RM770.