Putrajaya Holdings to develop two projects in KL

  • Business
  • Saturday, 16 Sep 2017

Azlan: The residential project will have RM500mil to RM600mil GDV while the mixed development project’s GDV will be eight times bigger.

KUALA LUMPUR: Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya, plans to expand its territory into the Kuala Lumpur with the development of two new projects in Jalan Ampang with a total gross development value (GDV) of RM5.2bil.

Chief executive officer Datuk Azlan Abdul Karim said the company had recently acquired two pieces of land in Jalan Ampang – 3.2ha on which the French Embassy was previously located, and a 0.52 ha plot next to the Chinese embassy.

The company aimed to develop 429 units of high-rise serviced apartments on the 0.52ha plot, while the 3.2ha would be developed into a mixed project, comprising commercial retail, hotel and residential, he said.

“We have submitted our proposal for approval (from Kuala Lumpur City Hall).

“Once we get our building plan, we can launch the project.

“The residential project will have around RM500mil to RM600mil GDV while the mixed development project's GDV will be eight times bigger,” he told Bernama here yesterday.

Azlan said Putrajaya Holdings had also acquired 640 ha of freehold land in Sepang, which would be developed into an eco-type resort along the beach.

“The project is going to be an Eco Destination Township, the continuity of our trademark, Putrajaya Holdings as a Premier Green Developer.

“The first phase of the development will be a 27-hole Eco Link Golf Course supported by a number of three-to five-star hotels,” he said, adding that the other developments included commercial, residential, retail and wellness centre.

The development of this project is targeted to take off in the third quarter of 2018.

On outlook, Azlan said the company's business remained strong as its hotel operations continued to perform well, with the Everly Hotel Putrajaya enjoying a 70%-80% occupancy rate while Pullman Putrajaya Lakeside Hotel recorded a commendable 80% rate.

The Alamanda Mall, he said, is currently undergoing a refurbishment exercise such as expanding certain areas to enlarge the mall to accommodate a bigger crowd. — Bernama

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