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Friday, October 19, 2007

AP Land confident of sales for myHabitat’s Tower II

KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) is confident all 215 units in Tower II of its myHabitat serviced residences development here will be taken up within a year of its launch by year-end.

Executive director Hoi Siew Choo said foreigners were expected to comprise at least 50% of the buyers for the 38-storey Tower II.

“The strategic location, better yield, tight security and the affordable pricing are the main factors that will attract investors and buyers,” she said at a media briefing yesterday.

Located at Jalan Aman next to Empire Tower, Crown Princes Hotel and City Square Centre, the 1.5-acre myHabitat development comprises two tower blocks and has a gross development value (GDV) of RM330mil.

AP Land launched Tower I in late 2004 and had to date sold 86% of the 168 units, Hoi said, adding that half of the buyers were foreigners, mainly from Singapore, South Korea and Hong Kong.

Tower II offered units ranging from 600 to 1,100 sq ft and were priced between RM1,000 and RM1,300 per sq ft, she added.

“We are targeting the corporate individual who wants to stay in the city, closer to the work place.”

She added that the bigger units like penthouses would attract the more discerning buyers.

Currently, development of myHabitat is 40% complete. The entire project will be finished by second half of 2009.

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