Paragon Premium Sdn. Bhd. celebrated a momentous occasion with the groundbreaking ceremony and the grand opening of the Paragon Gateway sales gallery on the 17th November 2023. Paragon Gateway is a joint development between the Joland Group and Kuopacific Group Malaysia.
The ceremony was officiated by Dato’ Haji Mohd Jafni Md Shukor, Johor Housing and Local Government Committee Chairman.
Also present at the event were Dato’ Haji Mohd Noorazam bin Dato’ Haji Osman, Mayor of Majlis Bandaraya Johor Bahru (MBJB), Datuk Yahya bin Jaafar, Ahli Majlis MBJB, Dato’ Sri Godwin Tan Pei Poh, Executive Director of Joland Group and Dato’ Jeffrey Lai Jiun Jye, Managing Director of Kuopacific Group Malaysia.
Speaking at the ceremony, Dato’ Sri Edwin said, “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% in Phase 1, Towers A and B.”
“The overwhelming response, as reflected by more than 300 buyers who have signed the sale and purchase agreements (SPA) in this month. 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 the Phase 2 soon,” he added.
Nestled on 5.24 acres of freehold land located in Taman Suria, Johor Bahru, Paragon Gateway has an estimated gross development value (GDV) of approximately RM1.2 billion. It comprises a total of four towers of serviced apartments, with 45 stories in Tower A and B, and 47 stories in Tower C and D. In total, there are 2,136 units of serviced apartments and 48 units of retail shop.
The towers of serviced apartment comprise 6 types of layouts, including Type A – 499 sq. ft (1 bedroom + 1 bathroom), Type B – 648 sq. ft (1 bedroom + 1 bathroom), Type C – 788 sq. ft (2 bedrooms + 2 bathrooms), Type D 915 sq. ft (3 bedrooms + 2 bathrooms), Type D1 – 915 sq. ft (3 bedrooms + 2 bathrooms) and Type E – 1,177 sq. ft (3 bedrooms + 3 bathrooms), with an indicative selling price from RM400,000.
Paragon Gateway offers more than 40 facilities and located next to Tebrau Highway, and it offers easy access to the Malaysian Customs, Immigration, and Quarantine (CIQ) Complex, which is just 8 kilometres away. This strategic location is particularly convenient for people working in Singapore, especially for those who regularly make the daily round trip between Johor Bahru and Singapore.
