Agile Property to launch two projects worth RM3.5 bil

KUALA LUMPUR (Aug 1): Agile Property Holdings Ltd, the third-largest property developer in China, will debut two projects in Mont’Kiara and Bukit Bintang worth RM3.5 billion.

Its first project is Agile Mont’Kiara, which will comprise 813 units of condos across 11 high-rise and low-rise blocks, with built-ups from 1,200 sq ft to 5,000 sq ft and prices are tentatively at RM950 psf.

The freehold 10-acre project will be launched in late 3Q, says Agile Real Estate (M) Sdn Bhd CEO Wilson Ren. Agile Real Estate is the Malaysian unit of Agile Property.

The project is jointly developed with PJ Development Holdings Bhd on a 70:30 basis.

Agile Real Estate’s next project will comprise serviced apartments in Bukit Bintang, which it is jointly developing with Tropicana Corporation Bhd, he added.

Agile Property is also planning to list its Malaysian company on Bursa Malaysia in the next five years should its projects garner good sales, said Agile Real Estate chief operating officer Eric Yeo.

In addition, the developer will also invest heavily in its local operations by training its local staff in construction, marketing and after-sales service, among other things, to deliver their products and services more effectively, he added.

For further details on Agile and what it hopes to achieve in Malaysia, read the Aug 3 edition of Property, the real estate section of Digital Edge Weekly that is available via email pdf, IOS/Android smartphone, tablet and desktop. Subscribe here.