Wan Abdullah Wan Ibrahim, Managing Director of UEM Land Berhad says, “In

developing Nusajaya, UEM Land’s strategic approach is to focus our resources on

the development of strategic land parcels within Puteri Harbour. Through this

strategic partnership with a partner that has significant property development

experience and impeccable credentials such as UMLand, UEM Land will be able to

expedite the overall development of Puteri Harbour.

This joint venture is in line with UEM Land’s strategy of ‘concurrent development by

multiple world-class developers’ and will also unlock part of the land value.”

The UMLand Group has long established its credential as a reputable and

responsible developer with projects in the Klang Valley and Johor. Armed with its

experience in both township and niche developments, the UMLand Group will add

value to the Puteri Harbour Project whilst expanding its portfolio and increase

revenue and profits.

In line with expanding its niche development division as well as recognising the vast

potential of the Puteri Harbour waterfront development, the UMLand Group is

confident that its strategic partnership with Nusajaya master developer UEM Land to

offer a freehold mixed commercial and residential development will be well received

by the public.

Group Chief Executive Officer Anthony Yap said, “UMLand has a proven track

record in Johor Bahru as the developer of Bandar Seri Alam and Taman Seri Austin.

This strategic alliance with UEM Land offers a timely opportunity for UMLand to

further expand our presence in Johor into Nusajaya, a key component within the

Iskandar Malaysia region.

The joint venture would contribute to both UEM Land’s and UMLand’s financial

performances from financial year 2009 onwards, and additionally allow both

companies to participate and enjoy the upside potential from the development.

Puteri Harbour is an integrated waterfront and marina development that offers a

panoramic view of the Straits of Johor. This waterfront precinct dubbed “luxury’s new

attitude” is envisaged to be a unique lifestyle community, offering the experience of

exceptional waterfront living, exclusive condominiums, marinas, a retail centre,

dining, fashion, the arts and culture in a safe and picture perfect natural setting that

is complete with a water transportation terminal.

Puteri Harbour will appeal to the regional market with its ideal location for global or

regional commerce and events, state-of-the-art facilities and a business-friendly

environment.

To date, works on the Inner Lagoon of Puteri Harbour waterfront development is

completed and the marina is expected to receive its first boat by the end of this year,

complete with a Marina Clubhouse catering to the needs of seafarers and

Promenade for the general public.

Nusajaya, with its seven signature developments, is positioned as the “World in One

City” and poised to become a regional city. To ensure that this regional city stays

competitive in the global arena, UEM Land plans to provide world class

infrastructure for all who live, work and play here. Already planning is under way for

an Integrated City Management Platform, while its policy of a multi-telco

environment was sealed last month with both TM and TT dotcom and its Safety &

Security Blueprint launched in April this year will see its first roll out in Puteri

Harbour.