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Tuesday, January 29, 2008

Morubina pushes Kinta Riverfront to Chinese real estate investors

HEFEI: Developer Morubina Sdn Bhd is looking to China to attract investors for its latest project, Kinta Riverfront.

Group managing director Ting Sing Yew said buyers from China formed a substantial number of investors in its earlier project, Ipoh Kiara

Ting Seng Yew (right) briefing Deputy Tourism Minister Datuk Donald Lim (left) on the Kinta Riverfront project.

“Our confidence was further boosted when we managed to sell 10 units in Kinta Riverfront during the Fourth International Small and Medium Enterprise exhibition held at Guangzhao last October,” he said in Hefei, China

Speaking to reporters after the project launch for Chinese buyers by Deputy Tourism Minister Datuk Donald Lim at a hotel here recently, Ting said the group planned to visit more cities in China this year to further promote the project.

“We are confident that as the Chinese's purchasing power increases, Kinta Riverfront will be an attractive project for them,” he added.

On the Kinta Riverfront project, Ting said sales had been swift with some 60% snapped up, valued at a total RM45.5mil.

Work on the project had been completed 30% and was due for completion by 2009.

The RM80mil 20-storey Kinta Riverfront Hotel and Service Suites project offers 239 units priced between RM199,999 and RM2.9mil each.

Ting also said the Kinta Riverfront project also received positive response from potential buyers in Thailand, Singapore, Indonesia and Hong Kong.

Lim in his speech said the launch in China augured well for the Malaysia My Second Home programme.

By The Star (by Sylvia Looi)

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