RSP Architects, Planners and Engineers, a Singapore-based design agency owned by billionaire Peter Lim, has been appointed by the Regent of Johor (ROJ), Tunku Ismail Sultan Ibrahim, to develop a sprawling waterfront property in Desaru, Malaysia.
In line with Forbes, the US$200 million undertaking might be constructed throughout the Johor royal household’s 27-hectare property and is predicted to take 4 years to finish. As soon as completed, it’s going to function a personal residence for the household.
Past the principle villa, the property will function visitor homes, a youngsters’ membership, sporting amenities, and even an underground capturing vary and armoury to accommodate as much as 100 troopers from the ROJ’s safety element.
“This collaboration carries particular that means, formed by years of mutual respect and understanding between our households,” mentioned Kiat Lim, the chairman of RSP and son of Peter Lim. “To assist deliver such a major and private undertaking to life on this iconic stretch of shoreline is a uncommon privilege.”
The Johor royal household owns massive tracts of land in Johor’s Iskandar area, a particular financial zone collectively developed by Malaysia and Singapore. The ROJ personally oversees the event of his household’s heritage properties.
“This residence is greater than a house,” mentioned Tunku Ismail Sultan Ibrahim. “It’s a mirrored image of household, heritage and partnership. The collaboration with RSP is constructed not simply on design excellence, however on the shut household relationship I’ve shared with Kiat and his father.”
The 2 additionally share a ardour for soccer: Kiat Lim heads Spanish membership Valencia, whereas Tunku Ismail Sultan Ibrahim is president of the Soccer Affiliation of Malaysia.
RSP is not any stranger to headline-making tasks. Its portfolio consists of the Jewel at Changi Airport (developed in collaboration with Safdie Architects) and the Armani Resort & Residences Diriyah in Saudi Arabia. The corporate’s income is projected to exceed S$100 million this yr, up from S$92 million in 2024.
Peter Lim, whose web value stands at round US$1.8 billion, stays one in all Singapore’s wealthiest people, with main stakes in Singapore-listed hospital operator Thomson Medical and Spanish soccer membership Valencia.
- Learn different articles we’ve written on Singaporean companies right here.
Featured Picture Credit score: RSP Architects, Planners and Engineers
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