Hyatt Hotels Corporation has agreed its strategic cooperative with R&F Properties Co., Ltd. in its maiden overseas project, R&F Princess Cove located at Johor Bahru, Malaysia.
A Memorandum of Understanding (MoU) on the R&F Princess Cove & CIQ Pedestrian link bridge was signed by China Construction Third Engineering (M) Sdn Bhd on Sunday (Jan 8).
The MoU also signed with MBO Cinemas, Voir Group, YFS, A-LOOK eyewear, SM+CY and Restaurant Todak on the phase 1 Commercial Mall. This shopping mall of Phase 1 will commence its operation and ready to serve public in Quarter 1 of year 2018, altogether with the coastal promenade district.
The signing ceremony was witnessed under Dato’ Daing A Malek Daing A Rahaman also accompanied by Johor State Secretary – YB Tuan Haji Azmi Bin Rohani, CEO of Iskandar Regional Development Authority – Yang Bahagia Datuk Ismail Ibrahim, Datuk Bandar (Town Mayor) – YBhg. Tuan Haji A. Rahim Bin Haji Nin, Datuk Md. Othman bin Haji Yusof, Johor District Officer, Tuan Haji Mohd Halim Bin Hasbullah, while Mr.Zhangli had its group’s deputy chairman Mr. Liuzhen, Group Vice General Manager, Ms Zhu Wenting and Mr. Hu Gangzhi in attendance as well, which was held at R&F Princess Cove Johor Bahru Sales Gallery.
- Vice President – Real Estate & Development of Hyatt International Hotel Hotel Management (Beijing) Co., Ltd, － XingLing
- Director of China Construction Third Engineering (M) Sdn Bhd – Mr. ZhouYong
- Director of Operation of MBO Cinemas – Madam Mariam Yazmin El-Bacha
- Managing Director of VOIR Group – Mr. Ham Hon Kit
- CEO Representative of YFS – Ms Ivy Wong
- Managing Director Representative of A-LOOK Eyewear – Mr. Howard Lim
- CEO of SM+CY – Mr. Ma Ping Sheng
- Director of Restoran Tadok – Mr.Tan Kok Hor
ISKANDAR MALAYSIA ZONE 1’S GAME CHANGE
The Johor Straits is expected to welcome an international leading hotel owner, Hyatt Hotels Corporation and R&F Princess Cove aims to change the curent image of Johor Bahru CBD.
At the signing, R&F Properties Vice General Manager, Mr.Hu hihglighted the project would benefits two nations once the project pedestrian link bridge and shopping mall are completed. He emphasized that this project will create opputunities of both countries borderlessly.
Malaysia’s R&F Princess Cove project is the first brainchild of R&F Properties Group in the overseas foreign investment sector, amassing a total land area of 110 acres, with gross building area of 36 million square feet.
The project consists of residential development, commercial premises, coastal promenade district, philharmonic auditorium, 5-star hotel, and Super Grade-A office towers, once completed, is destined to be the first mega coastal community of international level closely neighbouring Singapore, soon becoming a stunning landmark between the national gateways of Malaysia and Singapore.
After 3 years of aggressive development, R&F Princess Cove gradually forms into shape, complemented by commercial, lifestyle, educational and other supplementary amenities.
Today, the fruitful agreement with Hyatt Hotels Corporation, the construction of CIQ link bridge and the signing of several anchor tenants will further enrich and enhance R&F Princess Cove, to serve all premise owners, Singaporean tourists and Malaysian citizen in a better way, by providing homes and accommodation, offices, business opportunities, leisure and entertainment, all in all a one-stop service.
I strongly believe that in near future, R&F Princess Cove will become the preferable first choice for Singaporean and Malaysian citizens in terms of business, lifestyle and leisure activities, in specific, an all-in-one integrated venue for all.
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