Eastern & Oriental Bhd, which plans to monetise its land bank to improve cash flow, will be launching close to RM1 billion worth of projects in the current financial year ending March 31, 2017 (FY17).
E&O managing director Kok Tuck Cheong said the group will be rolling out the remaining phases of The Tamarind in Penang worth RM160 million, and the Conlay Place which carries a gross development value (GDV) of RM800 million by this year.
E&O plans to roll out RM1b worth of projects in FY17
SP Setia bucks the trend with new launch
SP Setia Bhd bucks the trend in its coming launch, offering large units for sale when most developers are offering smaller units to cater to the weak market. Known as Setia Sky Seputeh, the Taman Seputeh condominium project has prices ranging from RM2.99mil to RM3.6mil, which translates to about RM1,300 per sq ft.
The first block of 145 units will be sold at an average price of RM1,250 per sq ft next month, and the second block later in the year at RM1,350 per sq ft, says divisional general manager Paul Soh of the project that will have a gross development value (GDV) of RM950mil.
ViiA Residences at KL Eco City to be launched at new benchmark price
S P Setia Bhd plans to launch ViiA Residences at KL Eco City, Kuala Lumpur, by end-August at prices starting from RM1 million.
According to KL Eco City divisional general manager Tony Ling, the leasehold serviced apartment development, which carries an estimated gross development value (GDV) of RM450 million, will offer 326 1-, 2- and 3-bedroom units with built-up sizes ranging between 650 sq ft and 1,300 sq ft.