15/02/2024 04:29 PM

KUALA LUMPUR, Feb 15 (Bernama) -- Property developer Bangsar Heights Pavilion Sdn Bhd (BHP) expects the 200-room Hyatt Place Johor Bahru City Centre (JBCC) to be fully taken up by mid-March or April this year amid brisk demand for the property. 

BHP chief executive officer Aaron Yap said that close to 90 per cent of the service apartment has been sold since it was launched in September last year. 

“This achievement also brings good news and encouragement to Hyatt where the market shows strong support for the BHP project,” he said in his keynote speech during the partnership agreement signing between BHP and Hyatt Hotels Corporation to manage the 200-room Hyatt Place JBCC, which is located at Quayside JBCC in Johor Bahru.

Quayside JBCC is a freehold mixed development project comprising retail, hotel, serviced suites and sky bar fine dining with an expected gross development value of RM600 million.

Yap said Quayside JBCC is poised to become a vibrant hub for shopping, dining, entertainment and business as it was strategically positioned in Johor Bahru's thriving commercial district. 

“The development boasts of exclusive leasable space, encompassing a diverse range of retail outlets, restaurants, cafes, and leisure facilities," he added. 

On another note, Hyatt Hotel Corporation regional vice-president of development Bastien Touzeau said the anticipation of the Johor Bahru-Singapore Rapid Transit System (RTS) Link development also stands as a testament to strengthening the relationship between Singapore and Johor Bahru.

“It will benefit Hyatt Place JBCC with travel time reduced to a mere five minutes in a new era of connectivity and convenience which will further enhance the synergy and business opportunities between those two dynamic hubs,” he added.

BHP is a subsidiary of the Bangsar Heights Group, inheriting a legacy of over 30 years of experience in developing residential, commercial and industrial properties in Malaysia.

The company boasts of a portfolio of over 50 completed and sold developments with a gross development value at over RM5 billion.




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