Agile Property Holdings Limited, one of China’s leading property developer says the timing of its entrance into the Malaysian property market could not have been better.
The Hong Kong- listed mega developer finds the local property market still attractive, especially Kuala Lumpur with the recent weakening of the ringgit.
“Kuala Lumpur is already very attractive with its impressive infrastructure. If you are looking from the outside the property market here is now even more attractive with the weakening of the ringgit, “said Agile Real Estate (M) Sdn Bhd chief executive officer Wilson Ren.
Agile through its local subsidiary Agile Real Estate is developing Agile Mont Kiara in a 70:30 joint venture with PJ Development Holdings Berhad.
Located at the matured and affluent international township of Mont Kiara, the development is strategically located close to many amenities including Publika, a popular upscale neighbourhood shopping mall.
Agile Mont Kiara which has a gross development value of RM1.4 billion will be built on a freehold residential land area of 10.16 acres. The entire development consists of a total of 11 blocks of condominiums with a mixture of low rise, medium rise and high rise.
A total of 813 partially furnished units comprise 2+1 bedroom, 3 bedroom, 3+1 bedroom and 2 dual keys units will be offered. Expected completion date is September 2018.
At the ground breaking ceremony of the project here today, CEO Ren said in his speech the location of Agile’s maiden project at Mont Kiara, will allow the company to showcase Agile’s passion not only for development of quality homes but also a quality living environment.
In this respect, a key feature of the development is the 6 acres of green and open spaces for residents to cherish and unwind after a hectic day in the city.
Source : PropertyHunter Website