RM1.4b sales seen for apartments

Posted on | March 13, 2009

By BUSINESS TIMES

THE 140 units of luxury apartments at the Four Seasons Place may fetch as much as RM1.4 billion in sales when they are launched in the third quarter of the year.

“The 140 units will be sold for about RM2,500 psf. The smallest unit size starts at 3,000 sq ft,” said Tan Sri Syed Yusof Syed Nasir, chairman of developer Venus Assets Sdn Bhd.

The 65-storey tower will also have apartments which are 5,000 sq ft and 7,500 sq ft in size. Total saleable area is 560,000 sq ft. The only two available penthouses have already been reserved.

The developer is confident of selling the units at that price, despite the gloomy economic outlook, as they have received good response from investors in North Asia, India, Singapore and the Middle East.

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