Singapore, 19 October 2015
 
Pan Pacific Hotels Group partners Pacific Star Development and DB2 to debut Malaysia’s first Pan Pacific Serviced Suites in Iskandar’s Puteri Harbour
 
Pan Pacific to operate 205 luxury serviced suites developed by Pacific Star Development and DB2
Slated to open in early 2018, the serviced suites are part of premium waterfront development Puteri Cove Residences, which overlooks a private marina to be managed by Singapore’s award winning Marina and lifestyle operator
Tie-up underscores optimism in demand for premium accommodation in Puteri Harbour, a thriving waterfront enclave in Nusajaya
 
Singapore-based real estate developers Pacific Star Development and DB2, through their joint-venture company Pearl Discovery Development Sdn Bhd, have signed a management agreement with Pan Pacific Hotels Group for the hotel chain owner to operate 205 luxury serviced suites under the “Pan Pacific” brand at Puteri Harbour, the crown jewel of Nusajaya, a major flagship zone in Iskandar Malaysia.

Developed by Pearl Discovery, Pan Pacific Serviced Suites Puteri Harbour will offer studio, one- and two-bedroom apartments to cater to the needs of short- and extended-stay professionals and expatriates working in Iskandar. The 205 suites are scheduled to open in early 2018, when Pearl Discovery’s Puteri Cove Residences is completed.

The only luxury waterfront development in Iskandar with both private-marina and sea views, Puteri Cove Residences will comprise three towers of premium apartments, four blocks of SOHO/loft units and a two-level waterfront retail promenade. Pan Pacific Serviced Suites Puteri Harbour will occupy 16 floors within Tower 3.

Puteri Cove Residences will overlook a private marina with more than 300 berths designed for the international boating community. The facility will be managed by Singapore’s award-winning Marina and lifestyle operator.

A premium waterfront lifestyle development
Bernold O. Schroeder, CEO of Pan Pacific Hotels Group, said: “Pan Pacific collaborates strategically with well-reputed developers who share our vision of setting the highest standards for quality accommodation and services in thriving destinations around the world. Pan Pacific Serviced Suites Puteri Harbour is a premium property that will extend our geographical reach and strengthen our engagement with customers in Malaysia.”

Glen Chan, President and CEO of Pacific Star Development, said: “Partners, investors and buyers are increasingly discerning and are looking for well-located prime properties by developers they trust to deliver quality. This partnership underscores the confidence in our latest development Puteri Cove Residences and Quayside, which faces a private marina and is the only luxury waterfront project with both private-marina and sea views in Iskandar.”

Puteri Harbour, Iskandar’s thriving new centre, is a 10-minute drive from Singapore via Tuas Second Link, and is close to major attractions and buildings, including Ascendas Nusajaya Tech Park, Pinewood Studios, Gleneagles Medini Hospital, EduCity and Legoland. It is also within a 5-minute walk from the Puteri Harbour International Ferry Terminal, which is planning daily ferry services to Singapore’s HarbourFront terminal.

Datuk Ismail Ibrahim, CEO of Iskandar Regional Development Authority (IRDA), said: “We are extremely pleased to welcome ‘Pan Pacific’, a leading hospitality brand, to Iskandar, especially at a time when demand for premium accommodation in this part of Malaysia is going strong.”

Optimism in demand for premium accommodation in Puteri Harbour, Nusajaya
The collaboration between Pearl Discovery and Pan Pacific comes as more companies are setting up shop in Iskandar. IRDA disclosed in September that at least three theme park operators – from Japan, North America, Europe and Australia – are expected to open attractions in Iskandar. The theme park projects will be part of the RM30 billion of committed investments IRDA has targeted for 2015.

Investors, especially those in the manufacturing industry, are also actively seeking out space in Iskandar. Johor remains Malaysia’s top investment destination for manufacturers, attracting RM27 billion in investments between January and June this year compared to RM21 billion for the whole of 2014. Attracted by lower business costs in Johor, many industrial property users are multinationals from Europe and companies from Singapore.

Ascendas Nusajaya Techpark in Gerbang Nusajaya also recently announced a joint venture with Mitsui & Co, one of Japan’s leading conglomerates, to bring in quality Japanese industrial tenants as part of its phase 2 developments.

In the longer term, several major projects will continue to underpin demand for real estate in Nusajaya. Nusajaya, where the Pan Pacific Serviced Suites Puteri Harbour is located, will be easily connected to the rest of the country and Singapore when the Singapore-Kuala Lumpur high-speed rail link is established as it is one of seven stops in Malaysia identified for the rail route. Existing attractions in Nusajaya include Puteri Harbour Marina, Legoland, Hello Kitty Town and the Mall of Medini.

Pan Pacific Serviced Suites Puteri Harbour marks the latest collaboration between Pan Pacific and Pacific Star Development following the successful opening of Pan Pacific Serviced Suites Bangkok in 2010. Some 80% of the Bangkok property, developed by Pacific Star Development and operated by Pan Pacific, was pre-leased just six months after its opening. For more details on Puteri Cove Residences & Quayside, visit www.putericoveresidences.com.

For more details on Puteri Cove Residences & Quayside, visit www.putericoveresidences.com.


About Puteri Cove Residences & Quayside
Puteri Cove Residences and Quayside is developed by Pearl Discovery Development Sdn Bhd, a member company of Pacific Star Development and DB2. Puteri Cove Residences & Quayside is an integrated mixed-use development located in Puteri Harbour, Nusajaya, Iskandar Malaysia. The 7.8 acres prime waterfront freehold development is part of the premier waterfront residential community in Puteri Habour. Construction completion is expected by 3Q 2017.

Puteri Cove Residences comprises residential, serviced apartments, SOHO/loft and lifestyle retail, facing a private marina and is the only development in Iskandar Malaysia offering 30 world-class facilities including infinity lap pools, surrounded by clear blue waters and luscious greenery set within a multi-national community of global citizens across 28 countries including America, Britain, France, Germany, Indonesia, Italy, Japan, Hong Kong and Singapore. Apartments at Puteri Cove Residences provide stunning views including that of the waters, lush greenery as well as Singapore’s skyline.

The development offers seamless accessibility in the near future with options to travel by ferry to Puteri Harbour from Singapore’s Harbourfront, where residents will be able to dock at the by-invitation-only Puteri Harbour Private Marina and the Singapore-Kuala Lumpur high-speed rail with a terminus sited at Jurong East.

Singapore Sales Gallery
ERA Sales Office, 229 Mountbatten Road #03-01, Singapore 398007

Malaysia Sales Gallery and Show Suites
Tanjung Boulevard, Lebuh Laksamana, Puteri Habour, 79000 Nusajaya

About Pacific Star Development
Pacific Star Development is one of Singapore’s premier developer of prime residential and award-winning mixed-use projects in key gateway cities across ASEAN countries with an established portfolio of notable developments built to world-class standards of excellence. For more information, please visit www.putericoveresidences.com and www.theposh12.com.

About DB2 Group
Established since 2006, DB2 Group is a property developer with a track record of over 15 residential projects in Singapore. Prominent projects in Singapore include Siglap V, Loft@Nathan, Devonshire Residences, and 10 Shelford.

About Pan Pacific Hotels Group Limited
Pan Pacific Hotels Group Limited is a wholly-owned hotel subsidiary of Singapore-listed UOL Group Limited, one of Asia’s most established hotel and property companies with an outstanding portfolio of investment and development properties. Based in Singapore, Pan Pacific Hotels Group owns and/or manages over 30 hotels, resorts and serviced suites with over 11,000 rooms including those under development in Asia, Oceania, North America and Europe. The Group comprises two acclaimed brands: “Pan Pacific” and PARKROYAL. “Pan Pacific” is a leading brand in Asia and the Pacific Rim with hotels offering premium accommodations and services. PARKROYAL is a collection of comfortable leisure and business hotels and resorts located in the heart of cities and interesting locales across Asia Pacific.



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