Thursday, 3 September 2015

China developer to launch RM1.2bil project

Hong Kong Stock Exchange-listed Agile Property Holdings Ltd is proving that there is good demand for Mont Kiara living by building a RM1.2bil residential project there.

Through its subsidiary Agile Real Estate Development Sdn Bhd, the Chinese developer bought the 10-acre land from PJ Development Holdings Bhd (PJD) early last year for about RM200mil and is jointly developing the project.

Agile Mont Kiara, which will have a residential title and a gross development value (GDV) of RM1.2bil, will feature 11 residential towers with units ranging from 1,162 sq ft to 5,037 sq ft.

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