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Thursday, July 14, 2011

Naza TTDI plans 18 new launches by end of year

KUALA LUMPUR: Naza TTDI Sdn Bhd, the property development arm of the Naza Group, plans to launch 18 new developments including new phases worth over RM1 billion by end of the year.

Group managing director SM Faliq SM Nasimuddin said new property launches will include three high-end residential projects.

"We are looking to launch 18 new projects this year, which include our three trophy high-rise luxury residential towers in Kuala Lumpur," he said at the signing of a service agreement with Telekom Malaysia Bhd (TM) here yesterday.

Naza TTDI will launch one block with more than 50 floors at the company's RM4 billion Platinum Park development in Kuala Lumpur by third quarter.

The second residential project is on a 0.8ha site located near the embassies, such as Singapore High Commission, on Jalan Tun Razak.

The third residential project comprising 30 floors will be developed on a 0.4ha site in Taman Tun Dr Ismail.

Among the new phases to be launched is TTDI Alam Impian in Shah Alam.

Faliq said the company has 323ha of undeveloped landbank for its future developments - about 202ha are in the northern region and 121ha in the Klang Valley.

It was reported earlier that Naza TTDI wanted to achieve a turnover of RM1 billion this year, from RM635 million in 2010.

Meanwhile, TM vice-president of Selangor Datuk Zaini Maatan said UniFi's subscriber base stands at about 110,000 and the service is available in 68 exchange areas.

The agreement will see TM providing its high-speed broadband services to TTDI Alam Impian by 2016, dubbed the first UniFi township project in the central region.

By Business Times

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