>

>

Equalbase and Sunway break ground for $2.28 bil free commercial zone in Iskandar, Johor

By Atiqah Mokhtar

/ EdgeProp Singapore |

November 28, 2023 9:44 PM SGT

Equalbase and Sunway break ground on the new 103° sustainable Free Commercial Zone in Johor. (Picture: Equalbase and Sunway)

Equalbase and Sunway Group have broken ground on an RM8 bil ($2.28 billion) sustainable Free Commercial Zone for the logistics industry in Sunway City Iskandar Puteri, Johor, Malaysia. A groundbreaking ceremony was held for the project, called 103°, on Nov 28.

Spanning 55ha, the development will be built in four phases, with the first phase scheduled for completion by the end of 2025. Situated 5km from the Malaysia-Singapore Second Link, the free commercial zone is expected to cater to a diverse range of industries in the region, including FMCG (Fast Moving Consumer Goods), retail, e-commerce, automotive, pharmaceutical and technology.

“This latest addition to the vibrant ecosystem of our integrated township here [Sunway City Iskandar Puteri] is set to create at least 13,000 job opportunities for the people of Johor and achieve gross development value amounting to more than RM8 billion”, says Sunway Group founder and chairman Jeffrey Cheah.

Read also: Iskandar Waterfront Holdings and MCC Singapore sign deal for $2.6 bil Johor property venture

“Equalbase and Sunway Group share a common vision to build sustainable developments for the betterment of future generations," remarks Nicholas Bischoff, CEO of Equalbase. Headquartered in Singapore, the real estate group specialises in sustainable commercial and industrial logistics facilities.

Bischoff continues: "The project 103° in Sunway City Iskandar Puteri’s Free Commercial Zone signifies shared achievements, meaningful collaboration, and a deepening connection with our customers and partners. We are therefore very privileged to have Sunway, as our joint venture partner for this first-of-its-kind sustainable development."

According to Equalbase and Sunway, 103° will be the first fully carbon-neutral free commercial zone. The integrated warehouses at the development will be equipped with rooftop solar panels to generate sufficient electricity. The development will also seek to obtain green certifications such as Malaysia's Green Building Index Gold rating.

Tags:

Equalbase Sunway Group Iskandar Malaysia logistics facility

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00