Building Investment (September - October 2017)

NEWS & EVENTS
Jack Nicklaus and son draw
blueprint for golf courses
in Forest City
At the forum themed “Development of Emerging Tourism in the Iskandar Development
Region of Malaysia” held at the Seashell International Club in Forest City in June − the largescale
residential development project being undertaken by Chinese property developer
Country Garden Holdings − World-leading golf course designer Jack Nicklaus II said Country
Garden’s Forest City is well on its way to becoming a new landmark for sports and leisure.
Iskandar Regional Development Authority chief executive Ismail Ibrahim and Johor Golf
Tourism Association president Colonel Mohammed Jamal Salleh, along with Jack Nicklaus
and son, were among the keynote speakers. They were joined a large number of golf and
travel enthusiasts from Singapore and Malaysia at the event.
Forest City Phase Two project encompasses an area of over 8sq km. The first course,
among the three 18-hole golf courses planned in Forest City, was jointly designed by Jack
Nicklaus and his eldest son Jack Nicklaus II.
Jack William Nicklaus (Jack Nicklaus II), one of the most lauded professional golf players
in the USA and the eldest son of Jack Nicklaus − known as Golfer of the Century and Golfer
of the Millennium − is now president of Nicklaus Design which has a proven track record of
having architected 31 golf courses worldwide.
Jack Nicklaus II said he was impressed with the size and accomplishments of the Forest
City project. He observed that the construction completed to date is just a portion of the
larger project and that more exciting support facilities, including golf courses, will be rolled
out in the near future.
Forest City will help create a new tourist destination in Asia and open up new opportunities.
Source: PR Newswire
Jack Nicklaus’ eldest son, Jack Nicklaus
II speaking at the forum “Development
of Emerging Tourism in the Iskandar
Development Region of Malaysia”.
Jack Nicklaus, known as Golfer of
the Century/Millennium.
Country Garden unveils new logo on
company’s 25th anniversary
The new design retains the “phoenix” motif from the previous logo and mainly consists of three colours −
orange, royal blue and golden yellow. However, the design of its edges has been simplified, and with the
colour of its neck, coronet and tail brightened up, the “phoenix” looks more vibrant, better reflecting the robust growth of the company.
Mo Bin Chief Executive Officer.
A NEW ERA
In addition to marking a significant anniversary, the release of a new logo signals that the company is
entering a new era, driven by rapid growth and successful expansion into new markets. Some recent
achievements include:
• Construction of the 20sq km (4,900 acres) smart-eco Forest City in Malaysia’s Iskandar Development
Region, which lies adjacent to Singapore.
• Won contracted sales in 2016 of more than 308.84 billion yuan (around US$45 billion), which
resulted in the company being ranked 273rd on Forbes’ 2017 global 2,000 list of the world’s biggest
public companies. This is a jump of 171 spots from last year’s ranking and placed Country Garden
among the top-listed real estate developers together with China Vanke, Brookfield Property Partners
and Sun Hung Kai Properties.
• Through the first five months of 2017, Country Garden has achieved RMB244.22 billion (US$35.7
billion) in contracted sales and 27.27 million sq m (293 million sq ft) in sold Gross Floor Area (GFA).
The positive results allowed the company to maintain its world-leading position in this key indicator.
• This year the company aims to achieve sales of 400 billion yuan (approx US$58 billion) and has set a
budget of 150 billion yuan (approx US$ 21.9 billion) for new land acquisitions.
• Country Garden is also implementing community construction practices and concepts in Australia
and Indonesia, and plans to extend its footprints further to other markets, including India, Thailand,
Vietnam, as well as the United Kingdom and Russia.
8 Building & Investment | www.b-i.biz