TH Properties to build hotel at Bandar Enstek

TH Properties Sdn Bhd is to build a four-star, 400-hundred room hotel at Bandar Enstek in Nilai, Negeri Sembilan.

The property developer today signed a memorandum of understanding (MoU) with Seri Pajam Development Sdn Bhd for the project.

TH Properties chief executive officer Zaharuddin Saidon said the hotel was a RM50 million investment.

He said the first phase of construction would commence in August this year and is expected to be competed in early 2011.
“With its close proximity to the KL International Airport and the present LCCT or Low Cost Carrier Terminal, we expect the hotel to be well received,” he told reporters after the signing ceremony.

He added that with the proposed construction of the new LCCT at Labu, Negeri Sembilan, the company expects the traffic towards Bandar Enstek to increase significantly.

TH Properties is a wholly-owned subsidiary of Lembaga Tabung Haji and is the developer of Bandar Enstek, a joint venture effort with the Negeri Sembilan Development Corporation via TH-NSTC Sdn Bhd.

At the event, TH Properties also signed another MoU with Seri Pajam Development to implement the industrialised building systems (IBS) in the construction of buildings at Bandar Enstek.

Apart from the MoUs, TH Properties also entered into another joint venture agreement with Seri Pajam Development for the second phase of development of Bandar Warisan Puteri, Negeri Sembilan.

By Bernama