Daiman Development Berhad
About Daiman Development Berhad
Daiman was founded by the late Dato’ Sri Tay Kia Hong, who came to this country as a young teenager from Swatow, China as it was known then. The late Dato’ Sri Tay ventured in property development in early 1972 with the incorporation of Daiman Development Sdn Bhd, the predecessor firm of Daiman, and undertook its first project known as Taman Sri Tebrau over an area of 170 acres and comprising 1,720 units of residential houses and shops.
This was quickly followed by several other property development projects such as Taman Sri Skudai comprising 2,700 units of residential houses and Taman Sentosa comprising 2,600 units of residential houses throughout the 1970s with the acquisitions of significant land banks in the Johor Bahru area and in Kota Tinggi.
In 1983, Daiman launched its largest project, Taman Johor Jaya – strategically located about 12 km from the Johor Bahru City at the junction between the Johor Bahru-Kota Tinggi and Johor Baru-Pasir Gudang highways. The project site, which covers 1,388 acres of freehold land, opened up a new township with more than 17,000 residential, commercial and industrial units in 9 phases over a 15 year period.
One of the main features of the Taman Johor Jaya township development is the Daiman Johor Jaya Sports Complex, spanning approximately 9.21 acres in the heart of the township and the first of its kind. It was completed in July 1992 and it still remains as the most comprehensive sports complex ever undertaken by a private developer in Johor Bahru. It is managed by Daiman’s wholly owned subsidiary, Daiman Johor Jaya Sports Complex Berhad. It houses an Olympic-size swimming pool, 21 badminton courts, a multi-purpose hall, a gym, a coffee house and a club house. An 18 hole public golf course, known as Daiman 18, and managed by Daiman Golf Berhad, was also added to the development.
In June 2001, a competition class bowling centre, managed by Daiman Bowl Sdn. Bhd., was added to Taman Johor Jaya township to provide the local and neighbouring communities with more sports and recreational activities.
In November 2011, another sports complex was completed at Taman Sri Skudai with 18 badminton courts and four futsal courts to cater for the sports and recreation needs of the residents at Taman Sri Skudai and the neighbouring developments. Named as Daiman Sri Skudai Sports Complex, it is managed by Daiman Johor Jaya Sports Complex Berhad.
In November 1993, Daiman acquired the entire equity of Atlantic Dynamics Sdn. Bhd. which owns a 447-acres piece of freehold agricultural land located diagonally opposite Taman Johor Jaya. The said property has since been turned into a vibrant residential community known as Taman Gaya.
In November 2011, Daiman Properties Sdn Bhd and Daiman Landmark Hotel Sdn Bhd both wholly owned by Daiman, completed the acquisition an office tower, a car park and a retail podium and an uncompleted hotel tower respectively, in downtown Johor Bahru. The entire building, known as Menara Landmark is being transformed into an iconic real estate and a prominent landmark in Johor Bahru.
On May 28, 2012, Daiman Landmark Hotel Sdn Bhd signed a management agreement with Hilton LLC to provide development services and to operate the hotel for Daiman. The 336 bedrooms hotel under the brand name ‘DoubleTree by Hilton’, a four star establishment, will receive its guests in mid 2014.
On August 16, 2013, Daiman signed a joint venture agreement with Rainbow Crest Sdn Bhd and Everest Esplanade Sdn Bhd to form a 50:50 joint venture between Daiman and Rainbow Crest to develop a 12.3 acre land belonging to Daiman situated along Jalan Masai Baru. This venture is Daiman’s first large scale integrated high rise cum commercial development.