The project spans 63.61 acres, featuring 340 residential units across two land parcels.

Paragon Globe Bhd (PGB) has announced a major residential development project in Johor Baru, having secured development rights for three freehold land parcels totaling 63.61 acres. The project, expected to include 340 residential units, will enhance the company’s financial position and diversify its property portfolio.

Paragon Globe Bhd (PGB) has signed three development rights agreements with Iskandar Capital Sdn Bhd. The proposed development will span 63.61 acres across three land parcels in Johor Baru, with the first two plots earmarked for a 340-unit residential project.

PGB’s development agreements cover freehold land parcels identified as Plot N1-5, Plot 2A, and Plot N1-4. Plots N1-5 and 2A will feature 340 residential units across various property types.

The development of Plots N1-5 and 2A is projected to generate profits of RM188.09 million (~SGD 56.33 million). PGB aims to enhance its financial stability while expanding its portfolio with high-quality residential properties.

Construction for the first two plots is scheduled to begin in 2026, with a projected completion timeline of seven years. The third plot, N1-4, is in the planning stages and is expected to further contribute to PGB’s growth.

Johor Baru’s proximity to Singapore and its position within the Iskandar Development Region make it a prime location for residential projects, offering potential appeal to local and international buyers.

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The partnership with Iskandar Capital ensures access to strategic freehold land and reinforces Johor Baru’s reputation as a property investment hotspot. The development aligns with Iskandar Malaysia’s goal of fostering sustainable growth in the region.

This development represents a unique opportunity in a growing region with strong economic and geographical advantages. As Johor Baru continues to attract attention, projects like these promise to enhance the area’s residential appeal and investment potential.

Paragon Globe Bhd secures rights for a 340-unit residential project in Johor Baru, spanning 63.61 acres. Estimated profits of RM188 million (~SGD 56.33 million) bolster its financial outlook. Construction begins in 2026, with completion expected in seven years.

Source: The Star (2025)

Keywords: Paragon Globe, Development Rights, Johor Residential Project