THE RM360 million luxury development of The Valley, TTDI, Ampang by Naza TTDI Sdn Bhd (Naza TTDI) has seen good response, with a take-up rate of about 50% since its soft launch in April.

Faliq (middle) looking at a model of the development.

Encouraged by this, Naza TTDI says it hopes to sell at least 80% of the project by the end of the year.

"We target to sell 100% by end of the year, but we would be happy with 80% (sales)," said Naza TTDI group managing director S.M. Faliq S.M. Nasimuddin at the official launch of The Valley TTDI, Ampang on Friday.

Since its soft launch nine out of its 12 exclusive bungalows – priced from RM5 million onwards with built-up areas of 8,412 sq ft have already been sold.

Located about 20 minutes from the city centre, the development surrounded by a forest reserve is touted to have favourable feng shui.

Set on 14.2ha of leasehold land, the project houses a total of 134 units to be completed by July 2010.

"The keys to The Valley will be handed to the purchasers by mid-2010 ahead of schedule," said Faliq.

Besides the exclusive bungalows, there are 66 units of link villas and 56 units of bungalows priced from RM2.67 million and RM2.97 million respectively. These homes have built-up areas of 5,336 sq ft and 5,354 sq ft respectively.

According to Faliq, the project was also marketed in Singapore two months ago and there have been three confirmed buyers so far.

"There has been a lot of requests and interest in this project especially with the MM2H (Malaysia My Second Home) programme," he said.

Naza TTDI has a total landbank of about 200ha with a gross development value of RM8 billion.

"We don’t have a huge landbank, but they are in prime areas. We have land in Klang Valley, 4.4ha in KLCC, Taman Tun and Shah Alam," said Faliq.

Faliq said the company seeks to buy new land in Klang Valley and is keen to explore other states.

Naza TTDI is also the developer of Platinum Park in the KLCC area which comprises three high-end condominium towers with a total of 287 units, three Grade A office towers and a five-star serviced apartment tower.

Its other projects include TTDI Alam Impian, a 83.2ha township in Shah Alam and TTDI Kajang, a 44.4ha mixed residential development.

Source: http://www.thesundaily.com/article.cfm?id=36258

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