PETALING JAYA: TH Tebrau Land Sdn Bhd, a subsidiary of Teguh Harian Group of Companies (THGC), has launched Monterra, an integrated mixed-use development in Tebrau, Johor Bahru with a gross development value (GDV) of RM941mil. The development has achieved an 80% take-up rate since its pre-launch in April 2026.
Located approximately five km from the Johor Bahru's Customs, Immigration and Quarantine Complex (CIQ), Monterra is designed as an integrated urban development comprising 1,565 serviced apartments, a shopping mall, 60 retail lots and a three-storey commercial hub with retail and a dedicated medical centre.
“Beyond providing homes, retail and commercial spaces, the development offers flexibility, convenience and connectivity within a well-established urban setting,” said Teguh Harian group chairman Peh Lian Hwa.
Monterra’s integrated retail component has secured Cold Storage as its anchor tenant, with additional retail tenants expected to commence operations progressively in conjunction with the project’s first phase handover targeted for 2029. Present at the tenant signing ceremony organised as part of Monterra’s launch were Signature Cabinet chief executive officer Nicholas Lee, THGC managing director Peh Yueh Han, GCH Retail Malaysia chief executive officer Cheah Yong Hock as well as Coffee Bean and Tea Leaf (Malaysia) district manager Mohd Faizal Muhammad.
Monterra builds on TH Tebrau Land’s growing presence in Johor Bahru and reflects the group’s ongoing commitment to delivering developments that respond to market needs while contributing to the continued growth of the Tebrau corridor.
The development is targeted for completion in 2030.
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