TUESDAY 17 NOVEMBER 2015, 2PM
LOCATED IN KUALA ROMPIN, SOUTH OCEANS IS A SINGLE LAND TRACT OF 1200 ACRES BOASTING 5.5.KM OF UNBLOCKED VISTAS OF THE SOUTH CHINA SEA, INVESTORS & DEVELOPERS EXPECTED TO SECURE PHENOMENAL EARLY-STAGE GAINS
PETALING JAYA, Tuesday 17 November 2015 – Malaysia and Singapore-owned landowner and master developer Kairos & Dashen Resources (Rompin) Bhd, officially unveiled the first launch of South Oceans™ – the world’s coolest and largest eco oceanfront development today. First and unparalleled in the world, South Oceans™ – comprising of residential and lifestyle components, and never-launched-before themed attractions – offers uncompromising views of the South China Sea. Located in Kuala Rompin along the east coast of Malaysia and just across from the resort island of Tioman, South Oceans™ is a visionary first and already attracting investors and developers aiming to secure exceptional gains at the early stage of an exciting growth cycle.
South Oceans™ is the brainchild of a consortium of Malaysian and Singaporean shareholders entrenched in the real estate business. Led by real estate industry veterans Dato’ Sri Michael Yong and Rosalind Foo – visionaries of acclaimed Funtasy Island where they singlehandedly raised the land value from SGD$6 to SGD$350 per square foot in a record five years, South Oceans™ is set to follow in Funtasy Island’s footsteps as a transformed and world-class recognizable accelerator asset.
Dato’ Sri Michael Yong, Director of Kairos & Dashen Resources (Rompin) Bhd gives his take on the first unveiling of South Oceans in Malaysia: “My operating philosophy as a master developer has always been to repurpose quality land bank for high performance yields. I intend to replicate Funtasy Island’s astounding commercial success with South Oceans™. Our esteemed partnership with Surbana-Jurong – one of the world’s leading master planners, I can safely say that all of South Oceans™’ residential clusters will be fully sold by 2019. I look forward to winning as many accolades for South Oceans™ as we did for Funtasy Island. “
South Oceans™ defines the future of living and leisure. The broad strategic intent for this large-scale initiative is strong value creation. Direct land purchase is a ready option for investors keen to develop projects within South Oceans™. Landowner and master developer Kairos & Dashen is also open to partnering with institutions and developers for co-development. Twelve cluster theme zones including a seaplane airport terminal with flight deck, the world’s longest water-hole, private marina and wellness centre, and the much anticipated Jumanji Theme Park make up for an investment tier and lifestyle destination unique and unprecedented.
Environment conservation and sustainability remains a critical priority with Kairos & Dashen. Master planner Surbana-Jurong – specialists in erosion resolution, is tasked with rectification of South Oceans™ and its neighbouring coastline. In 2016, Kairos & Dashen will commence a systematic hydro-wave study across the 5.5 km of coastal front and install anti-erosion measures accordingly.
States Dato’ Sri Michael:“With a paid-up capital of MYR2.1 million and a market capitalization of MYR125 million, landowner and master developer Kairos & Dashen Resources (Rompin) Bhd is on a sustained path of aggregating land bank in Malaysia, Indonesia and Australia. We intend to list by 2020. As Kairos & Dashen’s inaugural project development, South Oceans™ is a socially responsible development aimed at community sustainability.”
“This large-scale project will take 10 years to complete and will generate employment opportunities and improve wage standards. Actual project development will begin in 4Q 2016 and gross development value is estimated to be approximately MYR2.75 billion with immediate and secondary output at MYR8.25 billion. Ultimately, South Oceans™ is your very own exclusive private ocean setting where pristine sand meets azure skies. Live amidst a boundless oceanfront juxtaposed by matching verdant lush. South Oceans is the place to restore and rejuvenate. I ask investors, corporate entities and developers to come join me on this profitable journey!”