AmBank Group has granted RM115 million financing facilities to Senibong Cove Development Sdn Bhd, a wholly owned subsidiary of WM Senibong Sdn Bhd; and RM78 million to JBB Builders (M) Sdn Bhd, the appointed contractor for the reclamation of 150 acres of waterfront land in Senibong Cove, directly across the Johor Strait from Sembawang, Singapore.
Senibong Cove is a luxury waterfront development in Johor Bahru with an estimated GDV of over RM5 billion; well-known for its beautiful marina, lush vistas, and spectacular water views. This is an exclusive 215-acres community, situated across the Johor Straits from Singapore, redefining waterfront lifestyle. Today, Senibong Cove boasts an extensive waterfront boardwalk, a world-class marina, lush parks and more than 1,400 completed homes.
The Project is an extension of the Senibong Cove masterplan and expansion of landbank to provide more high-quality designed homes in curated communities. The Project which is expected to be completed in 2028 will allow for the development of more than 4,000 high end terraces, apartments, hotels and serviced apartments, retail, and customs and immigration clearance facility for private leisure craft and yachts.
