SUTL Enterprise, UEM Sunrise begin construction of Johor marina

Singapore

MAINBOARD-listed marina developer SUTL Enterprise on Thursday announced that its joint venture with Malaysian property developer, UEM Sunrise Berhad, has begun construction of a new marina in Johor.

The joint venture company, ONE15 Marina Development Bhd, first revealed plans for the ONE°15 Marina Puteri Harbour Malaysia in February 2016, and was granted approval for the sale of memberships in December last year.

Social and boating membership fees for the private marina club are expected to start at RM40,000 (S$13,262) and RM50,000 respectively, with a monthly subscription thereafter at RM150. The Business Times understands that those who sign up early will also receive a RM5,000 discount on the one-off membership fee, accommodation and F&B vouchers at One15 Marina…