SUTL Enterprise Limited (“SUTL Enterprise” or the “Group”), a leading marina developer, operator, and consultant and owner of the ONE°15 brand today announced that ONE15 Marina Development Berhad, a Joint Venture Company (“JVC”) with UEM Land Berhad (“UEM Land”) a wholly owned subsidiary of UEM Sunrise Berhad (“UEM Sunrise”), has been granted the approval by the Companies Commission of Malaysia (or Suruhanjaya Syarikat Malaysia (“SSM”) to begin selling memberships for its upcoming private marina club at Puteri Harbour of Iskandar Puteri in Iskandar Malaysia, Johor, which will be named ONE°15 Marina Puteri Harbour, Malaysia.

This comes as their joint venture agreement turns unconditional with the fulfilment of all conditions precedent. JVC will proceed with ground breaking and commence construction of the marina in the first quarter of 2019. Sale of the private marina club memberships will begin concurrently with the commencement of the construction of the marina. The JVC is currently constructing a sales gallery in Puteri Harbour in Johor for the upcoming launch.

SUTL Enterprise Executive Director and Chief Executive Officer, Mr Arthur Tay, said: “This has been long-awaited and we are pleased to have finally gotten SSM’s approval to go ahead with sales of membership. Our marketing team has used the time to prepare the necessary collaterals ahead of the launch and I would like to thank them as well as our project team and our partner UEM Land for working tirelessly to push this through so that we can kick off 2019 with a bang.”

UEM Sunrise’s Managing Director/Chief Executive Officer, Mr Anwar Syahrin Abdul Ajib said: “We are excited about the plans for Puteri Harbour as well as the collaboration with SUTL Enterprise, a partner that shares the same strategic vision and goal. We have been gearing up with our plans to rejuvenate Puteri Harbour and the collaboration with SUTL Enterprise which expertise lies in developing and operating marinas in addition to owning the prestigious ONE°15 Marina at Sentosa Cove in Singapore, is certainly one of the main key drivers towards the rejuvenation plan as this can potentially unlock Puteri Harbour’s value. As such, we are optimistic about this prospect and hope to deliver similar expectations as those in Sentosa Cove in our Puteri Harbour.”

“The sale of memberships is the first step towards improving the quality of living within the community in which UEM Sunrise operates, and with the expansion and development of a world class marina in Puteri Harbour, it will further add vibrancy and attractiveness in transforming Iskandar Puteri into a sustainable community.”

ONE°15 Marina Puteri Harbour Malaysia is expected to be completed by 2020 and the features and amenities of the approximately 13,616 m2 private Clubhouse will include a full-service private marina, 77 deluxe hotel rooms and suites, a Members’ Lounge, meeting rooms and a 320-seat ballroom, gym, swimming pool with water play area for kids, all-day dining restaurant, pool bar, rooftop bar and grill, co-working spaces, kids’ club, day spa and retail outlets.

Nearby, the ONE°15 Estuari Sports Centre will offer sports facilities including indoor/outdoor tennis courts, badminton courts, squash courts, an Olympic-size pool, gym and yoga/aerobics rooms. Together with the private clubhouse, Members will be spoilt for choice when it comes to leisure and recreational activities.

The close proximity of the clubs at Sentosa Cove and Puteri Harbour means members can live life one degree better by chartering yachts from either marina. ONE°15 Club Members, as well as the public, can charter yachts from ONE15 Luxury Yachting or from the Group’s online lifestyle marketplace – ONE°15 Life – to enjoy this experience.

Mr Tay said: “We are confident that ONE°15 Marina Puteri Harbour Malaysia will enhance the lifestyle offerings at the Puteri Harbour precinct and bring new traffic to the area. We believe that its top-notch features and facilities are compelling reasons for people interested in the waterfront lifestyle to sign-up, especially because of the attractive membership fees being offered.”

As an additional benefit, ONE°15 Members will enjoy access to a network of private marina club privileges around the world.