Thursday, 22 June 2017

(The Edge Financial Daily) Topping-off ceremony for H2O

Titijaya Land to launch two more high-rise residential projects in 3Q

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

Its executive director Charmaine Lim Puay Fung said the properties are the 2.02ha Riveria City @ KL Sentral (RM1.45 billion GDV) and 2.42ha 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 serviced apartments. The 3rd Avenue, with a New York concept, is located at a residential hotspot,” she added.

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

“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% of the units have been taken up. The selling price is at an average of RM850 per square foot.

Going forward, Lim said Titijaya Land will still specialise in smaller units, as demand from first-time homebuyers is still strong.

On plans to acquire more land bank, 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 land bank of 111.28ha with a GDV of RM13 billion. — Bernama