Another property developer is investing into Iskandar. They are going into it big time (for a niche player). Who is THM holdings? According to their website, they are niche property developer and their developments seems to be mainly landed properties. Just how big are they going into it? According to the press release, they are planning to build seven 25-35 storey tower blocks for residential and office space with 1.2 million square feet of net saleable area. In addition, they will have commercial properties consisting of food and beverage outlets that will take up 1.1 million sq ft of net lettable area. So just how big is 1.1 million sq ft? It is slightly bigger than Vivo city which is 1.04 million sq ft but smaller than Mid-valley KL which is 1.7 million sq ft. Is that sustainable with the rest of the developments coming up (Mid-valley Johor, Peter Lim's mega medical/entertainment development)? Let's see.
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