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Monday, January 28, 2008

More projects ahead of listing

TTDI Development Sdn Bhd (TTDI) is all set to launch several projects this year in its run-up to its proposed listing on Bursa Malaysia, expected to be one of the largest property initial public offerings (IPO) slated for 2008.

The upcoming developments include the newly launched Platinum Park and at least four more: TTDI Alam Impian, TTDI Kajang, The Valley in Ampang and Laman Seri Business Park in Shah Alam.

TTDI Alam Impian, a 200-acre mixed development of 1,600 residential units in Alam Impian, Shah Alam, would be launched later this year. The houses would be priced between RM300,000 andRM500,000 for corner units.

TTDI Kajang, a 113-acre freehold residential development comprising terraced and semi-detached houses would also be launched later this year.

The Laman Seri gated and guarded community project in Shah Alam

The 35-acre The Valley is a 143-unit upmarket gated and guarded bungalow project in Bukit Indah, Ampang. The semi-detached houses called linked villas would be priced from RM2.5mil while the bungalows would be priced from RM3mil to RM4.5mil.

The company has also soft-launched the leasehold Laman Seri Business Park, comprising 46 units of four and five-storey shop offices in Section 13, Shah Alam. It has sold 26 of the 46 four and five-storey shop offices priced from RM2.6mil.

TTDI group managing director Datuk Johan Ariffin is proud of the newly completed 21-acre Laman Seri, as the gated and guarded community has enhanced the image of Shah Alam.

“We believe that we must do better than the previous project, as a developer is as good as its last project. If it does not keep on improving, then it is going to fall by the wayside.” he said.

A recent visit showed nice, three-storey bungalows and semi-detached houses with 14-ft high ceilings that make all the rooms look very spacious. There are electronically synchronised fountains with natural stones for the boundary walls at the main entrance, three playgrounds and three-tier security at the entrance, perimeter and home alarm system.

Phase 1 and 2 comprising 129 bungalows and 70 semi-detached houses have been completed and CF would be issued soon. About half of the 33 bungalows under Phase 3 have been sold during a recent soft launch.

TTDI Development is well known for the development of the prestigious Taman Tun Dr Ismail in Kuala Lumpur with sales value of over RM1.4bil. The award-winning township set new industry benchmarks when it commenced in 1973.

This affluent township comprising condominiums, houses and commercial centres is regarded as one of the best residential developments in the country. It has won the FIABCI Award of Distinction for Residential Property in 1993 and the TBR Excellence Award for Township Development in 2007.

The Residence condominiums at Taman Tun Dr Ismail also won the Malaysian Construction Industry Excellence Awards in 2006. TTDI also made it into the Enterprise 50 Awards List for 2007 which recognises Malaysian companies poised for success.

TTDI is a member of the Naza Group, helmed by well-known auto entrepreneur, Tan Sri S.M. Nasimuddin S.M. Amin.

The company has actively increased its land bank in recent years. Its projects span over 500 acres and are expected to sustain the company's performance over the next eight to 10 years.

Its past projects include IBM Tower, Desa Pandan, Desa Bakti Selayang, TTDI Residence, TTDI Plaza condominiums and TTDI Plaza shop offices.

The company also did several projects in Shah Alam – Giant hypermarket, Taman TTDI Jaya, Section 13, Jayamas, Malawati Indoor Stadium and Laman Seri.

By The Star

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