Bangsar Trade Centre’s three new blocks receive encouraging sales response Posted on July 31, 2012, Tuesday
GOOD RESPONSE: Image shows an artist’s impression of the new Bangsar Trade Centre. Since taking over the BTC project two months ago, Twin Pavilion Development is seeing good sales for the three new blocks to be constructed.
KUALA LUMPUR: Since taking over the Bangsar Trade Centre project two months ago, Twin Pavilion Development is seeing good sales for the three new blocks to be constructed.
The centre is a twice-abandoned project with three of the six blocks in total in it, having been completed previously.
The centre is also a purpose-built integrated commercial development consisting of the earlier three blocks of business suites with 93 per cent occupancy, a 30-storey corporate tower with serviced suites and offices, alongside a convention and conference centre as well as a wholesale retail mall for the food and beverage and hospitality industry.
Twin Pavilion Development chief executive officer Lee Seng Khoon told Bernama that most of the three new blocks had recorded bookings and sales of close to 80 per cent.
The project sits strategically along the Federal Highway and across from the new Bangsar South development.
On the encouraging sales for the project, Lee said investor appetite for projects in good locations with excellent connectivity, continued to enjoy a good take-up rate.
He opined that Malaysian investors were optimistic over the regeneration of the Kerinchi or South Quardrant of Bangsar under the Sustainable People’s Housing for Urban Renewal programme, spearheaded by the Ministry of Federal Territories and Urban Well Being.
In this connection, he was upbeat over the growth of the property sector, particularly freehold properties in prime locations, as land becomes increasingly scarce in the Klang Valley.
Lee believed that the completion of the project by the end of 2013 would give added benefits to current and new owners. — Bernama
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