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PETALING JAYA (June 9): TH Tebrau Land Sdn Bhd, a subsidiary of Teguh Harian Group, has launched Monterra, a RM941-million integrated mixed-use development in Tebrau, Johor Bahru (JB), Johor. The project marks the company’s second development in the city following the completion and handover of One49 Residence, also in JB.
Monterra has achieved an 80% take-up rate since its pre-launch in April, said the developer in a press statement today.
Monterra is scheduled for completion in 2030 and is expected to add new residential, retail and commercial offerings to the Tebrau corridor.
Located approximately five kilometres from the Customs, Immigration and Quarantine (CIQ) Complex, the development will comprise a 1,565-unit serviced apartment, a shopping mall, 60 retail lots, and a three-storey commercial hub that will include retail outlets and a medical centre.
The residential component will feature flexible unit layouts designed to accommodate different buyer requirements, allowing selected units to be configured for either owner-occupation or investment purposes.
The launch comes amid ongoing infrastructure developments in Johor and initiatives aimed at strengthening cross-border connectivity, including the Johor–Singapore Special Economic Zone (JS-SEZ).
Monterra’s retail component is intended to serve both residents and the surrounding community. The development has secured Cold Storage as its anchor tenant, with additional retail tenants expected to commence operations progressively in line with the first phase handover, which is targeted for 2029.
Teguh Harian Group chairman Peh Lian Hwa said buyers are increasingly prioritising accessibility, location and the overall environment when making property purchasing decisions.
He said current market trends indicate growing demand for developments that integrate residential, retail and commercial elements while offering flexibility in property usage.
Peh added that Johor’s long-term growth prospects are supported by ongoing infrastructure improvements, closer connectivity with Singapore, and increasing economic activity, factors that are expected to contribute to demand for developments in established urban areas.
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