Southeast Asia Landmark to bank on location

First project: Tan showing a model of Ramada Suites The Straits at Jalan Abd Samad in Johor Baru. The project is the first Iskandar Malaysia project for the Kuala Lumpur-based developer

JOHOR BARU: Kuala Lumpur-based developer Southeast Asia Landmark Sdn Bhd is banking on the location of its newly launched project to attract potential buyers.

Executive director Michael Tan Shyue Jing said the location of the project – Ramada Suites@The Straits – within the quiet and peaceful surroundings of Jalan Abdul Samad, was a strong selling point.

“This is our first project in Iskandar Malaysia.

“We are upbeat that it will do well in view of the development and progress taking place in the economic corridor,” Tan said at a press conference yesterday.

Tan said that the company was targeting investors for the 128 condominium units with a built-up floor area ranging from 868 sq ft to 1,616 sq ft at a selling price of RM663 per sq ft onwards.

He said the 25-storey single-tower building would have only seven units per floor.

Tan said that the project, with a gross development value (GDV) of RM130mil, was expected to be ready in the second quarter of 2018.

He also said four penthouses with a floor area of between 2,206 sq ft and 3,680 sq ft would be opened for sale for owner-occupiers.

He said 50% of the international lots (52 units of the one-bedroom condominium) had already been sold before the launching date.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Business News

Singapore's GIC cashes in on Taiwan stock boom -sources
Fall in glove stocks offsets banks' rally
Norway's Seadrill writes down US$2.9bil on its oil rigs
TM ONE introduces new brand strategy and enhanced website
Petronas inks agreement with Sarawak Energy to purchase power supply
PPB Group plans to expand grains, agribusiness segment across the region
Bank Negara maintains OPR at 1.75%, growth to improve from 2Q
Khazanah posts RM2.9b profit, dividend of RM2b for govt
GSC purchases MBO Cinemas' assets to strengthen leadership position
Lotte Chemical declares 3.27c dividend for FY20

Stories You'll Enjoy