KL property market? Not that many good news. On an overall basis, the property market is slow, no doubt about that. Thus, it’s always good to see encouraging response when there are new launchings these days. I was invited to a new property launch by Titijaya Land Berhad last weekend. The project was called 3rdNvenue and it’s located in Jalan Ampang. I did not go because of prior appointment but their media press release is as below:
Below is the press release by Titijaya Land Berhad.
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KUALA LUMPUR, 9 JANUARY 2017 – The worst for the property market seems to be over, as exemplified by the overwhelming response from buyers of 3rdNvenue located at Jalan Ampang. 3rdNvenue is the latest property development by Titijaya Land Berhad, a reputable property developer listed on the Main Market of Bursa Malaysia.
More than a thousand purchasers queued up at Pullman Hotel Kuala Lumpur on Sunday to register units as early as 4am. Most were hoping to grab their preferred units of lifestyle office suites strategically located in the heart of Kuala Lumpur. Aimed at promoting the next generation city lifestyle, 3rdNvenue was inspired by the bustling vibe of Fifth Avenue in New York City. Speaking at the event, Titijaya Land Executive Director Ms Charmaine Lim said the positive response from purchasers of 3rdNvenue shows the market confidence and strong follower base in property products by Titijaya Land, adding that this is a very encouraging sign of recovery in the local property market.
She disclosed that the first phase of development has a total of 1,110 units across 42 storeys which are currently for sale.
“Adorned with a prestigious address along Embassy Row at Jalan Ampang and surrounded with reputable malls, hotels, hospitals and various amenities, we are optimistic that we shall receive good response for 3rdNvenue. The strong branding of Titijaya Land also plays a key role in attracting a large group of buyers,” she added.
3rdNvenue is the latest mixed property development by Titijaya and its joint venture partner, CREC Development (M) Sdn Bhd, which has an estimated gross development value of RM2.1 billion. Sitting on a piece of land measuring 6.06 acres, 3rdNvenue will comprise four blocks with a total of 2,400 units of lifestyle office suites, serviced apartments and retail lots. CREC Development (M) Sdn Bhd is a wholly-owned subsidiary of China Railway Engineering Corporation (M) Sdn Bhd, which is in turn a wholly-owned subsidiary of the world’s second largest construction company, the Hong Kong listed China Railway Group Limited.
“With the expertise and branding from both parties, we are confident that the development will spur high interests for commercial and residential properties within the prime area,” she commented.
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