SDB to launch property projects
Published on: Saturday, August 27, 2016
Kuala Lumpur: Selangor Dredging Bhd (SDB) will launch three development projects with a total Gross Development Value (GDV) of RM1 billion within one year till August 2017.Managing Director, Teh Lip Kim, said the projects are two serviced apartments, one each at its SQWHERE mixed development site in Sungai Buluh and in Jalan Peel, Kuala Lumpur, and one apartment project in Taman Melawati, Selangor."The SQWHERE project will be launched by year-end while project in Jalan Peel and Taman Melawati will each be launched in the first quarter of 2017 and August 2017, respectively," she told reporters after the group's general annual meeting here Friday.
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Teh said both SQWHERE and Jalan Peel projects were estimated to generate RM300 million in GDV each while the apartment project in Taman Melawati was expected to have a GDV of RM400 million.She also said the group was planning to expand its 'Reside and Purchase' (RAP) scheme to other completed projects to boost take-up rates.Stay up-to-date by following Daily Express’s Telegram channel.
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