Landmarks Bhd and Tan & Tan Developments Bhd have proposed a joint venture to develop 53ha in Wangsa Maju which could have a gross development value of between RM600mil and RM700mil over a period of eight to 10 years.
Landmarks expects the development of low-density residential properties, which would be undertaken by 70%-owned subsidiary Landmarks Land & Properties Sdn Bhd and Tan & Tan unit Nova Pesona Sdn Bhd, to increase the development value of the group's other property projects within the vicinity of its Wangsa Maju township.