Tebrau Teguh foray into high-end property in Johor well received

PETALING JAYA: Despite concerns over the oversupply of residential units in Johor and the recent spate of cooling measures, Tebrau Teguh Bhd (TTB) said its first foray into high-end property development was well-received.

The first block, comprising 264 units, was sold within hours of its launch via a balloting process. The units are expected to be completed by 2017.