UEM Sunrise unveils RM42b GDV second phase development at Nusajaya - See more at: http://www.iproperty.com.my/news/10026/uem-sunrise-unveils-rm42b-gdv-second-phase-development-at-nusajaya#sthash.N0rtX
Date：2015/04/09
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PETALING JAYA: UEM Sunrise Bhd, the master developer of Nusajaya in Iskandar Malaysia, yesterday unveiled the 4,551-acre second phase development of Gerbang Nusajaya over a 25 year period with a gross development value of RM42 billion.
Gerbang Nusajaya features a number of catalytic developments including Nusajaya Tech Park, a 519-acre integrated eco-friendly tech park and FASTrack Iskandar, which is a 300-acre "motorsports city".
Nusajaya Tech Park is on target to complete its first batch of ready-built facilities by end of the year and is already attracting flagship clients Telekom Malaysia and SANWA while FASTrack Iskandar is close to finalising the details for the commencement of physical construction works.
"A balance of 64% of Gerbang Nusajaya's landbank is currently uncommitted for development.
"The company is planning to develop it holistically on a phase by phase basis to ensure that all developments are aligned with the performance of the local and external economy, and that the market is able to absorb its offerings," it added in a statement yesterday.
UEM Sunrise said the gateway is designed for growth via catalytic developments and strategic partnerships with established developers and multinational companies.
"It will draw leisure attractions, trades and industries together with a population attracted by UEM Sunrise's residential and lifestyle offerings," it said, adding that the gateway will serve as the commercial and business engine for Nusajaya.
Gerbang Nusajaya is located 5km from Tuas Checkpoint via the Malaysia-Singapore second link, which is also expected to capitalise on the potential high speed rail link between Singapore and Kuala Lumpur.
It has access to Senai International Airport (Johor) and Changi International Airport (Singapore), as well as international seaports namely Tanjung Pelepas, Tanjung Langsat, Pasir Gudang Port, and Port of Singapore.
Upon completion, it is expected to create an estimated 76,000 direct job offerings, 137,000 indirect job offerings together with an estimated 220,000 population.