KUALA LUMPUR: Paragon Gateway is the first groundbreaking mixed development in Johor Bahru in the post-pandemic era, according to Datuk Sri Edwin Tan Pei Seng, managing director of Joland Group.
"As the first groundbreaking mixed development in Johor Bahru since the challenges brought by the Covid-19 pandemic, we are delighted to announce that Paragon Gateway has already achieved a remarkable take-up rate of over 90 per cent in Phase 1, Towers A and B," he said.
Paragon Gateway is a joint development between Joland and Kuopacific Group Malaysia.
It is situated on 5.24 acres of freehold land in Taman Suria, Johor Bahru, and has a gross development value (GDV) of approximately RM1.2 billion.
The serviced apartment towers at Paragon Gateway are 45 stories tall in Towers A and B and 47 stories tall in Towers C and D.
There are 2,136 serviced apartments with an estimated selling price of RM400,000 and 48 retail shops in total.
More than 300 buyers signed sale and purchase agreements (SPAs) this month, according to Tan.
"This impressive achievement highlights the enduring attraction and quality of Paragon Gateway in these challenging times."
"With such a strong sales performance, we are filled with confidence and excited to announce that we will be launching Phase 2 soon," he added.
Paragon Gateway can expect more buyers following the recent groundbreaking and grand opening of the Paragon Gateway sales gallery.
Datuk Mohd Jafni Md Shukor, Chairman of the Johor Housing and Local Government Committee, officiated at the event.
Also present at the event were Datuk Jeffrey Lai Jiun Jye, managing director of Kuopacific Group Malaysia; Datuk Sri Godwin Tan Pei Poh, executive director of Joland Group; Datuk Mohd Noorazam Osman, Mayor of Majlis Bandaraya Johor Bahru; and Datuk Yahya Jaafar, Ahli Majlis MBJB.
Paragon Gateway offers more than 40 facilities, including an infinity edge pool, wading pool, jacuzzi, children's adventure zone, sky gym, grill and sizzle, sauna, squash court, and other facilities.