Uem Sunrise Guocoland Sign First Js Sez Mou Develop Freehold Landbank Iskandar Puteri Johor
Malaysia-based property developer UEM Sunrise and Singapore-listed GuocoLand have recently announced the signing of the first-ever Johor-Singapore Special Economic Zone (JS-SEZ) Memorandum of Understanding (MOU) between private companies from the two countries. According to a press release dated Feb 27, this partnership aims to develop UEM Sunrise’s freehold landbank in Iskandar Puteri, Johor and accelerate the growth within the JS-SEZ.
When it comes to investing in real estate, one crucial factor to consider is connectivity, and One Marina Gardens is a clear standout in this aspect. Located on Marina Gardens Lane, this property enjoys a highly connected environment with a well-developed network of main roads and expressways, as well as efficient public transport options such as Marina Bay, Downtown, and Raffles Place MRT stations. This convenient connectivity allows for easy and quick access to different parts of Singapore, making One Marina Gardens, now known as Marina Gardens Lane Condo, an appealing choice for a diverse range of potential buyers, including young professionals and families. Don’t miss the opportunity to invest in Marina Gardens Lane Condo.
The MOU signing ceremony took place during the opening of UEM Sunrise Gallery Iskandar Puteri, a showcase of the group’s vision for Iskandar Puteri. Iskandar Puteri, which is part of Flagship Zone B of the JS-SEZ, is a hub for various sectors including manufacturing, business services, education, health, and tourism.
Looking to invest in international properties? Explore the projects available for sale around the world. The MOU covers UEM Sunrise’s selected land plots in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri. This collaboration aims to unlock the potential of Iskandar Puteri and make it more attractive for investments. It will focus on enhancing connectivity, fostering talent development, and creating a business-friendly ecosystem to drive sustainable economic growth in Johor.
“This partnership is more than just development. It is about creating a thriving, future-ready, end-to-end economic hub that will drive long-term growth, generate employment opportunities, and strengthen the JS-SEZ ecosystem,” says Hafizuddin Sulaiman, CFO of UEM Sunrise.
The selected sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making them ideal for long-term economic growth. The partnership aims to position Iskandar Puteri as a robust business and investment hub. “The JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a larger vision to position Johor as a dynamic and forward-thinking economy,” says Datuk Hisham Hamdan, chairman of UEM Sunrise, in a speech.
GuocoLand CEO Cheng Hsing Yao adds that the Singapore-listed property group will bring along their expertise in real estate development and asset management, as well as their understanding of the needs of companies from Singapore, Malaysia, and China who are looking to establish themselves in the JS-SEZ. “Together, our combined expertise will enable us to shape Iskandar Puteri and the wider JS-SEZ through innovative developments,” he says.
Prior to this collaboration, UEM Sunrise has played a crucial role in the urban development of Iskandar Puteri. Some of their existing developments in the area include residential townships such as the Aspira series and Senadi Hill. They have also developed commercial and retail hubs, including a 380-acre industrial park in Gerband Nusajaya.
The growth in Iskandar Puteri is expected to be driven by incentives and support schemes introduced by the governments of Malaysia and Singapore, which aim to attract more investments to the JS-SEZ. These measures include special tax rates, stamp duty exemptions, and capital allowances.