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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.
