Titijaya to launch two high-rise residential projects in Q317

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PETALING JAYA: Titijaya Land Bhd aims to launch two high-rise residential projects with a RM3.25bil gross development value (GDV) by the third quarter of this year.

Executive director Charmaine Lim Puay Fung said the properties are the 2.02 hectare Riveria City @KL Sentral (RM1.45 billion GDV) and the 2.42 hectare 3rd Avenue @ Embassy Row Kuala Lumpur.

“We are going to launch the Riveria in the next quarter. It is a high-rise lifestyle office and two blocks of service apartments.The 3rd Avenue, with a New York concept, is located at a residential hot spot,” she added.

She told reporters this on the sidelines of the H20 Residences @ Ara Damansara topping-off ceremony, here today.

“The ceremony symbolises the last stage of the development and construction to be completed by the second half of next year,” said Lim.

The H20 Residences project focuses on a flexible, modern and compact layout and 70 per cent has been taken up. The selling price is at an average of RM850 per square foot.

Looking forward, Lim said Titijaya Land would still specialise in smaller units, as demand from first time home buyers is still strong.

On plans to acquire more landbank, she said the company is always on the lookout for new purchases within Malaysia, particularly in the Klang Valley and Penang.

Titijaya Land has a current landbank of 111.28 hectares with a GDV of RM13bil.