KUALA LUMPUR: Melaka-based property developer, Teladan Setia Group Bhd
, is eyeing to roll out new developments valued at roughly RM1.04 billion in gross growth worth (GDV) in 2022.
In a press release as we speak, Teladan Setia stated it could offer an array of residential projects, encompassing high-rise serviced residences, luxurious gated and guarded (G&G) townships and inexpensive houses.
It stated included in the pipeline of new launches for 2022 is the corporate’s maiden growth in Klang Valley, comprising of a two-towered serviced condominium, that’s estimated to be worth RM574.5 million in GDV.
Managing director Richard Teo Lay Ban stated for the reason that firm’s formation in 1997, it has accomplished 20 projects valued at an combination GDV of RM2.12 billion.
“The time is correct for Teladan Setia to enterprise out of our stronghold in Melaka.
“After having established a strong model presence in our house state, we would like to broaden our attain to capitalise on different areas that provide even larger development prospects,” he stated.
He stated for the reason that COVID-19 pandemic, demand for spacious houses with all-rounded facilities have been on the rise as persons are spending extra time at house.
“We are constructive with the outlook of the property market in 2022 because it appears to be like set to rebound in line with the nationwide financial system,” he stated.
He stated with the in a single day coverage price is anticipated to stay on the all-time low of 1.75 per cent for a minimum of the primary half of the 12 months, which bodes properly for house consumers as they get to get pleasure from low borrowing charges that will, in flip, drive demand for properties.
In the close to time period, Teladan Setia will launch part 1B of Taman Bertam Heights in February 2022, a G&G township in Melaka Tengah with a GDV of RM242.7 million, consisting of two-storey terraced homes and two-storey semi-detached homes with per unit promoting value between RM500,000 to RM750,000. – Bernama
