R&F Properties Signed MoUs With Hyatt Hotels Corporation, CSCEC (M) S/B & Commercial Tenants

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Hyatt Hotels Corporation has agreed on a strategic collaboration with R&F Properties Co., Ltd for its maiden overseas project, R&F Princess Cove situated in Johor Bahru, Malaysia.

Two Memorandum of Understandings (MoUs) were signed on the MoUs Signing Ceremony held on January 8, 2017. 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, and an MOU between the developer and with MBO Cinemas, Voir Group, YFS, A-LOOK eyewear, SM+CY and Restaurant Todak for phase 1 of the Commercial Mall. Phase 1 shopping mall will operate and be opened to public in quarter 1 of year 2018, altogether with the coastal promenade district.

The signing ceremony that was held at R&F Princess Cove Johor Bahru Sales Gallery was witnessed by Dato’ Daing A Malek Daing A Rahaman,  accompanied by Johor State Secretary – YB Tuan Haji Azmi Bin Rohani, CEO of Iskandar Regional Development Authority – Yang Bahagia Datuk Ismail Ibrahim,  Town Mayor – YBhg. Tuan Haji A. Rahim Bin Haji Nin, Datuk Md. Othman bin Haji Yusof, Johor District Officer, Tuan Haji Mohd Halim  Hasbullah, while China Construction had its group’s deputy chairman  Liuzhen, Group Vice General Manager, Zhu Wenting and Hu Gangzhi in attendance.

Signing Parties:

  1. Vice President – Real Estate & Development of Hyatt International Hotel Hotel Management (Beijing) Co., Ltd, - Mr. XingLing
  2. Director of China Construction Third Engineering (M) Sdn Bhd – Mr. ZhouYong
  3. Director of Operation of MBO Cinemas – Madam Mariam Yazmin El-Bacha
  4. Managing Director of VOIR Group – Mr. Ham Hon Kit
  5. CEO Representative of YFS – Ms Ivy Wong
  6. Managing Director Representative of A-LOOK Eyewear – Mr. Howard  Lim
  7. CEO of SM+CY – Mr. Ma Ping Sheng
  8. Director of Restoran Tadok  – Mr.Tan Kok Hor

Game Change for Iskandar Malaysia Zone 1

The Johor Straits is expected to welcome an international leading hotel owner, Hyatt Hotels Corporation and R&F Princess Cove targets to change the current image of Johor Bahru CBD.

At the signing ceremony, R&F Properties Vice General Manager, Hu Gangzhi highlighted the project would benefit two nations once the project pedestrian link bridge and shopping mall are completed. He emphasized that this project will create opportunities for both countries.

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 neighboring 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. 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 business 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,” said Hu.

forever

The signing ceremony was witnessed by (from front left) R&F Properties Group Vice General Manager Ms.Zhu Wenting, Datuk Md. Othman bin Haji Yusof, Datuk Bandar (Town Mayor) – YBhg. Tuan Haji A. Rahim Bin Haji Nin, Johor State Secretary YB Tuan Haji Azmi Bin Rohani, R&F Properties Group Chairman Mr.Zhang Li, Dato’ Daing A Malek Daing A Rahaman, CEO of Iskandar Regional Development Authority Yang Bahagia Datuk Ismail Ibrahim, Johor District Officer- Tuan Haji Mohd Halim Bin Hasbullah and R&F Properties Group’s Deputy Chairman Mr. Liu Zhen.

(From back left) (From Back Left) SM+CY, Hyatt Hotels Corporation, Voir Group, Restaurant Todak, China Construction Third Engineering (M) Sdn Bhd, YFS, A-Look Eyewear, MBO Cinemas and Group Vice General Manager, Mr. Hu Gangzhi.

 

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