Sunway Property and Majestic Gen break ground on RM4bil Johor project
KUALA LUMPUR: Sunway Property and Majestic Gen have officially broken ground on a landmark RM4 billion mixed-use development in Yahya Awal, Johor Bahru.
The groundbreaking ceremony was officiated by Sunway Property managing director Chung Soo Kiong, chief executive officer Gerard Soosay, Majestic Gen executive director Ta Wee Dher, and director Kee Ju Hun.
Spanning 15.5 acres, the joint venture project will feature a combination of serviced apartments and retail spaces. Its first phase, set for launch in the third quarter of 2025, will introduce over 1,000 Small Office/Home Office (SOHO) units to the market.
Strategically located near the Customs, Immigration and Quarantine (CIQ) Complex and the upcoming Rapid Transit System (RTS) Link, the development is poised to attract both local buyers and Singaporean investors seeking high-potential urban assets.
In a statement, Gerard said the development reflects Johor Bahru's emergence as a key economic centre and showcases a new standard for integrated urban living.
"We're proud to play a role in transforming the city landscape, in line with Sunway Property's commitment to long-term value," he said.
The Yahya Awal project is part of Sunway Property's broader strategy to strengthen its presence in Johor Bahru's city centre and key growth corridors. This follows its recent RM2.6 billion partnership with MRT Corp for the Bukit Chagar Transit-Oriented Development (TOD).
"With these two projects, we have anchored our developments near the checkpoints in Johor Bahru and by the Second Link via the 2,000-acre Sunway City Iskandar Puteri, contributing to Johor Bahru's transformation into an international gateway city.
"This reinforces our confidence in Johor's long-term growth, supplementing the JohorSingapore Special Economic Zone (JS-SEZ) initiative," Gerard added
Meanwhile, Ta described the partnership as a significant milestone for the company.
This marks the company's first collaboration with Sunway Property and one of the most ambitious projects in its portfolio, he said.
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