In Johor region, the Group has 2 main township projects garnering about 60% share of the mixed development market located in Batu Pahat and suburb of Batu Pahat, and mixed development in Medini, Iskandar Puteri. The current township projects are namely Bandar Putera Indah and Evergreen Heights which comprise of residential and commercial development. In Medini, Iskandar Puteri Johor, the current projects consist of a high rise residential and a commercial shop development namely Elysia @ Medini and Versis @ Medini.
a) Bandar Putera Indah, Batu Pahat, Johor
This is a 370-acre township development and an up-coming satellite suburb of Batu Pahat town. It is the first fully integrated township in Batu Pahat which is strategically located just 7km away from Batu Pahat town center and 15km from Yong Peng. This mixed development project with an estimated GDV of RM1.45 billion comprising a mixture of residential and commercial units. The township comes with comprehensive amenities which include mini-markets, shops and an auto service centre, which provide convenience for residents. Additional facilities surrounding the development include schools, petrol station, eateries, clinics, and post office.
To-date, more than RM504 million worth of properties have been sold. In FYE2023, the Group is targeted to launch 228 units single–storey terrace house and 72 units double–storey terrace house with an estimated total GDV of RM153 million.
b) Evergreen Heights, Batu Pahat, Johor
Evergreen Heights is a self-contained mixed development township, which occupies 432 acres of land strategically located next to Bukit Banang Golf & Country Club, the one and only golf club with 18 holes in Batu Pahat town. It is accessible via a four-lane dual-carriage way called Jalan Tanjong Labuh 10 minutes from Batu Pahat town. It is also linked with Pontian via the coastal road and Second Link causeway to Singapore.
This development is set amidst natural surroundings with beautifully landscaped terrain. A 12 acres park complimented with a lake is set aside for family recreational purposes. It offers all the trappings of a quality lifestyle with gated residential precincts, business and commercial areas, schools, and community centre and other basic facilities.
As of to-date, over 2,000 units have been sold for a total sales value of RM0.66 billion. This township is currently 70% developed with another 180 acres of undeveloped land to be launched in the near term.
c) Versis Batu Pahat, Johor
The Group embarks on the development of Versis @ Batu Pahat, a 10-acres mixed development in view that the area will be the upcoming trendy and vibrant town at Batu Pahat. The development consists of shophouses with GDV of RM165 million. The development is facing the main road, Jalan Baku Condong and Jalan Mohd Akil, which is an eye-catching spot for business opportunity.
Phase 1 was launched in year 2018 and completed in last financial year. It consists of 70 units three to five-storey shophouses with GDV of RM114 million. As of to-date, RM66 million worth of properties have been sold which represent 58% of sales achievement. Phase 2 shophouses is expecting to be launched in near future.
d) Elysia Park Residence Medini, Iskandar Puteri, Johor
This 7.81 acres high-rise development is a joint venture between BCB Berhad (holding a 60% equity stake) and a developer from Hong Kong, China called United Harvest Group Company Limited.
This is a 129 years leasehold project splitting into 2 phases consisting of 6 44-storey tower blocks sitting on a 9 storey car park podium with GDV of RM1.3 billion. Phase 1 consists of 981 units sited in 3 tower blocks and was completed in 2019 while phase 2 is expecting to develop in near future. It comes with eight types of unit layouts and various design to cater for market needs.
This project is expected to generate considerable interest from locals as well as foreigners simply because Medini is a special economic zone whereby foreigners are exempted from the buying and selling restrictions imposed elsewhere in the country.
Total sales recorded to-date is RM434 million.
e) Versis Medini, Iskandar Puteri Johor
Versis Medini is a mixed development that infuses an optimal balance between residential and commercial spaces amidst a dynamic retail environment. It is strategically located in the heart of Medini surrounded by prestigious high-rise residential development. It enjoys proximity to modern convenience such as Legoland, Gleneagles Hospital, Educity and Iskandar Puteri City Council (MBIP), which was announced as the region’s new administration office in Medini.
The project is sub-phased into 3 phases which comprises of shophouses and apartment with an estimated GDV of RM500 million. Phase 1 and 2 consists of 136 units shophouses while phase 3 consists of 130 units of apartment. During the financial year, the Group has completed Phase 1 which consists of 54 units of commercial shops with GDV worth RM142 million.