Posted on | January 12, 2013
KUALA LUMPUR: Hap Seng Land Sdn Bhd, a wholly-owned subsidiary of public-listed Hap Seng Consolidated Bhd, has unveiled its new project, The Horizon Residences Kuala Lumpur.
The project has a gross development value (GDV) of RM355mil.
“To be fully completed in July 2015, The Horizon Residences is a 335-unit luxury residential development encompassing two 26-storey towers,” said Datuk Edward Lee Ming Foo, group managing director of Hap Seng.
The Horizon Residences is a stone’s throw from the upcoming Tun Razak Exchange, a multi-billion ringgit world-class international financial district, while a planned mass rail transit station is only 500 metres away.
Lee said the location of the project provided an opportunity for investors to take advantage of significant potential value appreciation, resulting from the infrastructure developments and investments taking place within its surrounding vicinity.
He said 40% of the residential units had been sold even before the launch, with 30% taken up by locals and 10% by foreigners.
“The foreigners are mainly from Asian countries like China, Taiwan, Korea and Singapore.
“Hap Seng is seeking the best contractor for the project, so that the residences built will be of high quality,” he told reporters after unveiling The Horizon Residences yesterday.
Lee said those with a discerning taste and lifestyle for homes equipped with the very best in contemporary urban living could also enjoy the facilities and amenities that had been incorporated in The Horizon Residences.
Designed to attain the Green Building Index certification once completed, The Horizon Residences offers eight types of layout ranging from 549 sq ft to 4,316 sq ft.
Prices start from RM700,285 and the show gallery for the project is on the ground floor of Menara Hap Seng in Jalan P. Ramlee.
“We have a few new projects on hand for this year and are looking for new land mainly in the Klang Valley and Sabah,” Lee said.
Hap Seng has a diversified business interest in plantations, property investments and development, credit financing, trading of fertilisers and the automotive sector.
- Malaysia Property News
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