Paragon Globe to dispose of 3.53-acre Johor land for RM19.23m
The company said the sale will not affect its ongoing project on the remaining land, which includes the development of eight factory buildings and a worker dormitory.
The company said the sale will not affect its ongoing project on the remaining land, which includes the development of eight factory buildings and a worker dormitory.
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).
UEM Sunrise officer-in-charge and chief financial officer Hafizuddin Sulaiman: “We focus on delivering the right products to our homebuyers at the right time.
The project is expected to commence on February 24, with completion on September 25.
The consumer electrical and electronic products retailer said the property has increased in value since it was acquired at a cost of RM7.
Ge-Shen said the RM35 million disposal consideration represents an 8.
Maybank Investment Bank (Maybank IB) highlighted in a report that nearly 60% of Singaporean businesses operating in Johor face difficulties hiring skilled technical workers, citing a poll from the Singapore Business Federation in 2024.
ANZ cited the one-stop investment centre in Johor, which aims to establish 50 high-value projects and create 20,000 skilled jobs in the JS-SEZ within five years of inception.
Further enhancing Johor’s appeal is the highly anticipated opening of the Rapid Transit System (RTS) linking Johor and Singapore by the end of 2026.
Knight Frank executive director Amy Wong Siew Fong: "SME (small and medium enterprise) players and multinational corporations in Singapore are still awaiting clear incentives before making any commitments.