PROPERTIES  

Genting Group's venture into the property sector can be traced from its primary aim of holding land-based assets for long-term appreciation and development potential.

The first development project began at Genting Highlands Resort with the development of the 83-unit Kayangan Apartments. The project was completely sold out in 1979, the year of its launch. This was followed by the launch of the 428-unit Ria Apartments and the 320-unit Awana Condominium in 1984.

Wisma Genting is the Genting Group’s corporate office building and is strategically located in the prime “Golden Triangle’ of Kuala Lumpur. Developed by the Group, the 25-storey office building was completed in two stages in 1985 and 1993. The building has a total net lettable area of 400,000 square feet and is conveniently situation next to the Raja Chulan monorail station. It has attracted reputable corporations as tenants and maintained high occupancy with premium rental rates since its opening.

Genting Property Sdn Bhd, a wholly owned subsidiary of Genting Plantations, has development projects in the states of Johor, Kedah and Melaka in Malaysia. Genting Indahpura in Johor is its flagship township development, comprising commercial and residential properties. Other development projects include Genting Pura Kencana in Batu Pahat, Johor; Genting Permaipura in Kedah and Genting Cheng Perdana.

For further details, please check out www.gentingplantations.com/property/index.htm.

Johor Premium Outlets® was officially opened on 1 December 2011. It is the first Premium Outlet Center® in Malaysia and Southeast Asia, under a 50:50 joint venture between Genting Plantations Group and Simon Property Group of the US. The centre is located at the intersection of the North-South Expressway and Second Link Expressway and highly accessible to all traffic going to and from Johor and Singapore. It is about an hour’s drive from the City of Singapore, about 3 hours from Kuala Lumpur and only a short distance from Senai International Airport. Johor Premium Outlets is a collection of 130 designer and name brand outlet stores featuring savings of 25% to 65% every day with a gross leasable area of 269,000 square feet. Johor Premium Outlets was awarded the “Best Brand in Retail – Outlet Shopping Destination” at the BrandLaureate BestBrands Award 2012-2013 (www.premiumoutlets.com.my).

Genting Highlands Premium Outlets
® will be the second Premium Outlet Center® to open at mid-hill of Resorts World Genting and within Malaysia’s East Coast Economic Region. It is target to open by the first quarter of 2017 with gross leasable area of 275,000 square feet and will showcase 130 designer and name brand outlet stores.


 

 

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