Titijaya to launch two high-rise residential projects in Q317

  • Property
  • Wednesday, 21 Jun 2017

Moody's outlook on the Korean banking system has been negative since May 2016.

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.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Sterling slips back with euro on persistent UK fiscal angst despite BoE bond-buying
Ringgit rebounds vs US$ amid volatile forex market
Sime Darby pulls ahead in EV offerings
Bursa joins global rally as UK central bank pivots to bond purchasing
Trading ideas: Central Global, Ageson, Heng Huat Resources Group, Kim Loong Resources and Scientex Packaging
Survey finds cost and labour issues the main hindrance
RHB Bank issues RM500m notes
Uchi Tech sells property in Penang
IHH to gain from return of medical tourists
Robust margins to stay for plantation sector

Others Also Read