The company plans to develop the land as a mixed serviced apartment and commercial centre with an estimated RM160 million in gross development value.
"This is part of our overall group strategy to expand our operations in the Klang Valley with our developments in Sungai Besi, Selayang and now, Kuala Lumpur City Centre," said Hua Yang Chief Executive Officer Ho Wen Yan in a statement today.
For developments in the Klang Valley, he said the company’s strategy was to develop vertical communities in the form of high-rise apartments, complete with a retail space for the convenience of residents.
"We are looking at a modern lifestyle concept for the project with club facilities and amenities -- suitable for city dwellers who enjoy the sights and sounds of the city," he said.
By Bernama
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