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SHAH ALAM: i-Berhad, noted for its colossal 72-acre ultrapolis development i-City, is holding a pre-launch event for its latest New York-themed, high-rise residential tower - Liberty Tower @ i-City.

Held across two days at i-Gallery in i-City from Nov 1-2, the first part of the day on Nov 1 will be opened exclusively to registered customers where the selection of the units will take place.

The event will then be opened to the public from 11am.

Liberty Tower @ i-City has seen an overwhelming response from the public, due to the fact that the freehold residential tower is located adjacent to the 1.5 million sq ft Central Plaza Mall, and is connected via a dedicated pedestrian walk.

Residents will get direct access to over 450 retail, dining and entertainment outlets, giving them a true feel of New York City lifestyle.

Each unit is fully furnished and designed by a renowned interior design firm, tastefully decorating every aspect of the residential tower with a distinct modern New York twist.

Each unit will feature kitchen cabinets with hood and hob, wardrobes, air conditioners, TV sets and other interior furnishings.

Liberty Tower @ i-City is also linked to the i-City LRT Route 3 station which gives residents easy connectivity.

On top of that, the convenience of living in i-City keeps residents connected through various highway connections, such as the Federal Highway, NKVE, Guthrie Corridor Expressway and the proposed West Coast Highway.

Set to be completed in 2018, Liberty Tower presents a unique opportunity for residents to stay in a truly international hub, where i-City is MSC-certified and is set to be a self-sustaining ultrapolis with developments comprising of education, leisure, business and beyond are in the works - giving residents a true taste of metropolitan city life.

The event will be opened to the public on Nov 1 from 11am-6pm and on Nov 2 from 10am – 6pm.

For more information visit http://icona-icity.com.my/registration/index.php.

 

This article is facilitated by i-Berhad.

 


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PETALING JAYA: IGB Corp Bhd subsidiary Tan & Tan Developments Bhd will jointly develop a 41-storey serviced apartment on 0.6ha in Lorong Stonor, Kuala Lumpur, with Japan-based Mitsubishi Jisho Residence Co Ltd (MJR). The project will have an estimated gross development value of RM617mil.

In a filing with Bursa Malaysia yesterday, IGB said the single-block project comprised 400 apartment units.

The project will be funded with intenal funds and bank borrowings.

Tan & Tan and MJR will form a 70:30 joint-venture company, Cipta Klasik (M) Sdn Bhd, to develop the project, called Stonor 3.

MJR is a leading a leading player in the condominium market in Japan. The venture with Tan & Tan marks MJR’s foray into the Malaysian property market.

PublicInvest Research property analyst Tan Siang Hing said the Stonor 3 project was located in a strategic area and expected to be priced at about RM1,500 per sq ft.

He said the project would be positive for the group, especially since its current projects such as G Residence and Three28 Tun Razak were almost fully sold.

IGB’s net profit rose 9.05% to RM66.56mil in the second quarter ended June 30 from RM61.03mil a year ago. Group revenue was up 16.39% to RM293.05mil against RM251.79mil previously


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GLOMAC Bhd is planning to build a new township in its recently-acquired landbank in Kulaijaya, Johor, which has an expected gross development value (GDV) of RM750 million.

Its group managing director and chief executive officer Datuk Seri FD Iskandar Mansor said the project, to be launched in March next year and will comprise affordable landed properties, is now at the final stage of approval.

“For the first two phases, we are putting up affordable homes and trying to introduce a new concept in the area.

“We are looking at things that are already in the Greater Kuala Lumpur but not in Johor but at affordable prices,” he said, here, yesterday at the group’s 39th annual shareholders meeting.

“We are looking at any place in the country where we think there is strong demand for affordable properties, especially at the price range of RM500,000 and below,” FD Iskandar added.

Aside from Johor, Glomac also bought land in Bandar Saujana Utama, Selangor, of which the GDV is expected at some RM300 million. 

Glomac also expects its long-term prospects to be good. Its more than 404.8ha landbank and expected GDV of RM8 billion will keep it busy for the next seven to eight years.

Of the RM8 billion, RM1 billion will be launched next year, with half of it comprising landed residential units.

FD Iskandar said it will aggressively seek to expand its landbank, especially in Greater KL  where it has a strong presence.

He said Glomac expected flat earnings for 2015 as it had shelved several launches due to the property cooling measures as announced in 2014 Budget.

“After the 2015 Budget, we are more certain on what can and cannot be done and we are going to aggressively launch our properties from November,” FD Iskandar added.


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