Vantage Bay – the most exciting new launch in Iskandar, located at Johor Bahru.
How it come about?
Rowsley, a Singapore listed company by a Singaporean Billionaire, has just completed a $545 million acquisition of RSP Architects and waterfront land in Iskandar, paid through issuance of new shares under a reverse takeover exercise. It had added around $95 million to his net worth on the basis of 29.9% shareholding of his investment vehicle Rowsley. Shares of the company are up around 370% since the real estate venture was announced.The journey of Rowsley, from an investment holding company to a real estate player in Iskandar began after it announced two significant deals last December. The management is converting Rowsley into a real estate player through a reverse takeover (RTO). It will acquire a 9.23- hectare vacant tract of land in Malaysia’s Iskandar region, just across the causeway from Singapore for $358 million. It will also acquire Singapore’s largest design firm, RSP Architects Planners & Engineers, Singapore’s oldest and leading architect firm which was just appointed to undertake the iconic Jewel project in Changi, for up to $187.5 million.
Location, location, location
The integrated project in Johor Baru city centre is just 1 km from the customs, immigration and quarantine complex and located very near to the coast. The sheer proximity to Singapore suggests the project is poised to give other mega Iskandar projects a run for their money. It has a plot ratio higher than others nearby, allowing for a high intensity of land use. And it’s also close to the rail link that will join the two countries by 2018.Size of Plot
The project spans 9.23ha or 13 international-sized football fields. With such large size, there are more areas and amenities that the developer could include to ensure that owners and visitors would be able to enjoy.Composition of Vantage Bay
It will include a twin tower, set to become one of the tallest condominiums in Malaysia with 75 storeys, with rare striking views of the Strait of Johor and Singapore's skyline. There will also be a mall as big as Singapore's largest, VivoCity, with a net lettable area of one million sq ft, a hotel and office blocks. It would be very easy for anyone to work, live and play here.A major bonus: It will be connected to a medical hub run by Thomson Medical Hospital, which will include medical suites and step-down care like apartments. Thomson Medical is renowned for high quality medical treatments, facilities and consultations.
Architect
The project, with an expected plot ratio of 11, is in good hands. RSP Architects Planners & Engineers, Singapore's oldest and leading architect firm which was just appointed to undertake the iconic Jewel project in Changi, is charged with the project's design.What to expect
According to Vantage Bay management executive, the residential units will be launched by the first quarter of 2014. The whole project is expected to take 10 years to complete fully.This is not going to be just another ghost town. It will be a seamless experience and a truly integrated township. with pedestrian walkways in the centre, which will have an open space and lots of shrubs with shelters and alfresco dining outlets which will light up at night… like Clarke Quay.
The number of units for the first phase of residential units to be launched was 1000, but overall, Vantage Bay should have more than 3,000 homes.
Register Your Interest
With the recent announcements on Malaysia Budget 2014 on real estate. It is expected that the developer would have to adjust their plans to adhere and optimise the situation to ensure that the development will be a successful one. The company is also confident about demand despite the possibility of Malaysia's southern-most state imposing a new property tax on buyers.Call jetlee @ 90077977 Huttons NOW
HUTTONS INTERNATIONAL SOLE MARKETING AGENCY FOR SKIES @ VANTAGE BAY!!!
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