First phase of IJM Land’s Royal Mint Gardens 75% sold

KUALA LUMPUR: IJM Land Bhd has sold 75% of the first phase of its maiden development in London, Royal Mint Gardens, following its launch from Sept 27 to 29 in Kuala Lumpur. This includes a pre-sale take-up of 40% of the units in London.

In a statement yesterday, CEO and managing director Datuk Soam Heng Choon attributed the high demand to the project’s Zone 1 (i.e. central London) location as well as IJM Land’s branding.

The high-end residential apartment project is the first phase of a 2.7-acre (1.08ha) mixed development, which is a few minutes’ walk from the Tower Bridge and the Tower of London. It is IJM Land’s first venture outside Asia-Pacific.

Targeted for completion in the fourth quarter of 2017, the first phase will consist of 254 apartment units with built-up sizes from 387 sq ft to 1,431 sq ft. Prices range from £465,000 (RM2.44 million) to £1.85 million.

IJM Land will also launch the Royal Mint Gardens in Singapore from Oct 4 to 6 and in Hong Kong from Oct 18 to 20. The second phase comprising a five-star hotel, service apartments and other residential units will commence in 2018.


This article first appeared in The Edge Financial Daily, on October 02, 2013.


Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.