By Sharen Kaur
Published in NST on April 29, 2014
Published in NST on April 29, 2014
SHAH ALAM: Naza TTDI Sdn Bhd is banking on TTDI Gateway, its RM2.5 billion business lifestyle hub in Section 13 here, to drive property sales this year.
The property arm of Naza Group is targeting RM1.5 billion in sales this year from all its ongoing projects.
Naza TTDI is developing, among others, the iconic RM20 billion KL Metropolis in Jalan Duta and the RM4 billion Platinum Park in Kuala Lumpur.
TTDI Gateway is a 15.5ha integrated development comprising offices, serviced apartments and retail components.
Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin said the project will be developed over three phases and slated to complete by 2020.
Speaking at the unveiling of TTDI Gateway development master plan, here, yesterday, he said the project is earmarked to transform the Shah Alam city into a more vibrant lifestyle hub.
The first phase of the project, the TTDI Sentralis business suites and retail units, was launched late last year.
According to Faliq, the retail units have been sold out while the take-up rate for the business suites is about 70 per cent.
He said the upcoming phase will see the launch of the TTDI Sentralis serviced apartments in the third quarter, as well as retail and offices for Phase 2.
“The development was planned in line with the city’s goal to create a clean, beautiful, vibrant and safe city,” he said.
Faliq said another proposition TTDI Gateway has to offer is its value. There will be three major retail components featuring an existing hypermarket, a home improvement store and a retail mall that will position TTDI Gateway as one of the shopping attractions in the Klang Valley.
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