PROPERTY NEWS: A strategic partnership between HOMEVEST and R&F Group for the megaproject Princess Cove

Key takeaway:

HOMEVEST Sdn Bhd and R&F Group have agreed to work together strategically on the massive project Princess Cove after signing a memorandum of understanding in Kuala Lumpur.

Princess Cove, a 116-acre development strategically placed next to Johor ICQ and the Woodlands Causeway, sets the standard for urban living and is expected to draw both domestic and foreign investors.

At the national entrance to Singapore and Malaysia, the commercial mixed development that spans both sides of the Causeway to Singapore acts as a landmark. More significantly, it establishes a new benchmark for places to work, live, play, and invest on a scale unlike any other.

Hotels, workplaces, parks, shopping centres, clubhouses, and flats with easy access to necessities are some of the components. This undertaking marks a significant turning point for both domestic and global markets.

Ekovest recently disclosed that it would pay RM1.98 billion to assume the EPC role in the RTS Link project. Between Bukit Chagar, Johor Bahru, and Woodlands in Singapore, there is a 4 km long train shuttle line called the RTS Link. It can carry 10,000 passengers an hour in each direction. By the end of 2026, it is expected to be finished, and it will take only five minutes to cross the Straits of Johor.

There has been an increase in demand for rental properties ever since the limits on overseas travel were relaxed months ago. There will be more Malaysians looking for work in Singapore as the RTS Link makes travel between the two nations more convenient. In addition, some Singaporeans might invest in real estate in the Southern region or buy a vacation or retirement house there in the near future.

R&F Group sales manager Wang Son Kim and HOMEVEST CEO Datuk Marcus Low were also present at the MoU signing ceremony.

HOMEVEST was successfully listed at the beginning of this year on the 1exchange (1X) platform, Singapore's first privately regulated securities exchange. It was also acknowledged as the first Malaysian real estate company to list on 1X by the Malaysia Book of Records.

©️ July, 2022, facebook.com/HomevestGlobal