11 August 2013 is a big day in property Iskandar Malaysia. With the massive advertisements through Singapore TV, Singapore Newspapers, Malaysia TV and Malaysia Newspaper, Country Garden Danga Bay having its official launch of its Danga Bay condominium projects. Free shuttle bus from Singapore to Danga Bay, free fun-fair rides, fireworks display and free yacht trips at the showflat site and its advertisements campaign attract many Singaporeans and Malaysians, and has sold over thousand units on offer, with 25% of them snapped up by Singaporeans.
Country Garden Danga Bay project is located in the Iskandar Malaysia Flagship A, Johor Bahru . It is just 3 minutes ride away from the Malaysia-Singapore Causeway and CIQ (Complex of Immigration and Quarantine). The developer of Country Garden Danga Bay is Country Garden, a well known Chinese developer from China. Country Garden bought the Danga Bay land parcel in this early year at RM363 to develop these mix developments projects with expected Gross Development Value GDV of 8 billion.
Country Garden Danga Bay features 9000 units of condominium on the waterfront coastal line ranging from 400 s ft to 1,400 sq ft. Within this mix development will have shopping mall, man-made beach and 6 yacht berths. Phase 1 of Country Garden Danga Bay slated to be complete by 2017.
A representative for Country Garden said that 40% of the buyers are Malaysian, 25% are Chinese nationals, 25% are Singaporean, and the remaining are other nationalities. Many buyers were attracted by the Country Garden Danga Bay condominium’s affordable and relatively low prices. The average selling price is about RM800 per sq ft. Comparing to average RM1000 per sq ft by its competitor, Capri which is located next to Country Garden, Country Garden have more selling points and better prices which increase and enhance the willingness for buyers to buy either for the purposes of invest, stay or vacation.
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