Lido Boulevard Development to begin in March

From The Star, January 10, 2006

Lido Boulevard development to begin in March

JOHOR BARU: Work on the RM2.7bil Lido Boulevard, the latest waterfront project within the Iskandar Development Region (IDR), is set to commence after Chinese New Year.

The developer, Central Malaysian Properties Sdn Bhd (CMP), will start mobilising construction equipment and manpower at the project site along the Lido Beach here in March.

In a statement, CMP managing director Dato’ Chan Tien Ghee said, “The prequalification of contractors saw more than 130 international firms submit bids for the project. This is a clear indication that the IDR is drawing wide attention."


The Lido Boulevard is one of the biggest privately-financed initiatives along the Lido waterfront here after the Danga Bay development.

This privatisation project is a joint-venture between CMP and Johor State Secretary Incorporated - an investment holding company of the Johor State Government - which is also the land owner, the statement said.

Chan said CMP would spend RM150mil over the next two years to upgrade all existing road infrastructure on site. This includes expanding the present Jalan Abu Bakar (Jalan Skudai) into a dual three-lane carriageway.

“As this development is designed for city living, Lido Boulevard will help rejuvenate Johor Baru and transform it into an exciting city with a myriad of leisure and recreational public facilities,” he noted.

Lido Boulevard has four main development components – luxury condominiums, waterfront office suites, a hotel and a shopping mall.

The Lido Boulevard

From Business Times Online, November 27, 2007

Vincent Tan investing RM2.7b in Johor project

Vincent Tan investing RM2.7b in Johor projectThe Lido Boulevard project is an integrated residential-cum-commercial waterfront city which will cost RM19 billion and take 15 years to develop
By Sim Bak Heng


BUSINESS tycoon Tan Sri Vincent Tan is investing RM2.7 billion in a waterfront project along the Johor Straits, the Lido Boulevard.

The project is reputably the second largest along the Johor Straits after the 552ha Danga Bay development, which will cost RM19 billion and take 15 years to develop beginning 2000.

To be developed by Central Malaysian Properties Sdn Bhd (CMP), which is linked to Tan, the 49ha Lido Boulevard is an integrated residential-cum-commercial waterfront city.

It is one of the biggest private finance initiatives to date at the Iskandar Development Region, and is set to change the skyline above Lido Beach, stretching from the Lot 1 Waterfront Shopping Centre to the Harbour Master Office.

The project, which occupies the beachfront just outside the Johor Baru central business district, is designed to be the garden city of the south with heavily-landscaped gardens, water fountains and park-like facilities.

This privatisation project is a joint venture between CMP and State Secretary Inc, an investment holding company of the Johor state government, which is also the landowner.

It is CMP's flagship project and will be financed through shareholder funds and other internal financial arrangements.

In launching the project yesterday, Johor Menteri Besar Datuk Abdul Ghani Othman said the development will enhance the city's profile globally and reposition Johor Baru as an international gateway to Malaysia.

The project will be developed in phases and will stretch nearly 2.4km along Lido Beach.

CMP managing director Datuk Chan Tien Ghee said the development will have four components: luxury condominiums, waterfront office suites, a hotel and a shopping mall.