Rowsley: Billionaire Peter Lim's real-estate vehicle
Rowsley has decided against waiting for the Iskandar residential market
to recover.
Citing "prevailing market sentiment" and a "strong pipeline" for the
residential segment there, the firm announced on Tuesday that it now
intends to turn its long-delayed mega Vantage Bay project in Johor into a
cluster of healthcare-related facilities with an expected total development value of RM5 billion (S$1.6 billion).
This figure is slightly less than the previous RM5.5 billion estimate
for Rowsley's original plan for the 9.23 ha Vantage Bay, which was to
have been an integrated development comprising a 75-storey condominium, a
mall, office blocks and a hotel.
YuuZoo Corporation: The e-commerce company is appointing James Sundram as chief executive officer, starting Oct 1.
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