AGILE MONT KIARA KUALA LUMPUR, Big China developer to launch KL Project (Investment) 
Apr 4 2015, 10:08 AM, updated 4y ago
Block A: 8-storey
Block B: 8-storey
Block C: 8-storey
Block D: 8-storey
Block E: 8-storey
Block F: 18-storey
Block G: 18-storey
Block H: 44-storey
Block I: 44-storey
Block J: 44-storey
Block K: 44-storey
Total units: 813 units
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Agile to Develop Residential Project in Kuala Lumpur
Media Release 20 January 2014
http://www.agile.com.cn/agile/web/En/162/a...61/Default.aspx
Agile Property Holdings Limited (“Agile” or the “Group”; Stock Code: 3383), one of the leading property developers in China, was pleased to announce its partnership with PJ Development Holdings Berhad ("PJ Development") to acquire a residential site (“site”) in Kuala Lumpur, Malaysia with a total consideration of RM186 million (equivalent to approximately RMB343 million).
The site covers a total of 41,000 sq.m., with a planned GFA of 167,000 sq.m., while the average land cost is RMB2,051 per sq.m.. PJ Development is a listed company on the Main Board of Bursa Malaysia (Malaysian Stock Exchange). Agile and PJ Development owns respectively 70% and 30% of the equity interest in the joint venture.
Located at Mont Kiara in Kuala Lumpur, a renowned high-end residential community, the site enjoys a prime location with proximity to Istana Negara (National Palace in Malaysia), and comprehensive facilities in the area including international schools, medical centres and large-scale shopping malls. On the other hand, the site also enjoys easy access to various arterial highways, and a mere 15 minutes drive to downtown Kuala Lumpur.
Management commented: “Being the capital city of Malaysia, Kuala Lumpur is regarded as relatively maturely-developed in terms of its city and its property market, and with its residential property demand growing steadily. This time, we are honoured to be able to joint hands with the renowned listed enterprise in Malaysia, the PJ Development, for a win-win collaboration in developing in the famous high-end residential area in Kuala Lumpur.
Knowing the keen local demand in high quality property projects, it is planned that the related site acquired will be developed into mid to high-end residential project. In the future, we shall continue to focus on property businesses development in China, and to adopt a prudent approach should overseas development opportunities arise, while striving for good returns for our shareholders and customers.”
This post has been edited by accetera: Jun 26 2015, 01:32 AMMedia Release 20 January 2014
http://www.agile.com.cn/agile/web/En/162/a...61/Default.aspx
Agile Property Holdings Limited (“Agile” or the “Group”; Stock Code: 3383), one of the leading property developers in China, was pleased to announce its partnership with PJ Development Holdings Berhad ("PJ Development") to acquire a residential site (“site”) in Kuala Lumpur, Malaysia with a total consideration of RM186 million (equivalent to approximately RMB343 million).
The site covers a total of 41,000 sq.m., with a planned GFA of 167,000 sq.m., while the average land cost is RMB2,051 per sq.m.. PJ Development is a listed company on the Main Board of Bursa Malaysia (Malaysian Stock Exchange). Agile and PJ Development owns respectively 70% and 30% of the equity interest in the joint venture.
Located at Mont Kiara in Kuala Lumpur, a renowned high-end residential community, the site enjoys a prime location with proximity to Istana Negara (National Palace in Malaysia), and comprehensive facilities in the area including international schools, medical centres and large-scale shopping malls. On the other hand, the site also enjoys easy access to various arterial highways, and a mere 15 minutes drive to downtown Kuala Lumpur.
Management commented: “Being the capital city of Malaysia, Kuala Lumpur is regarded as relatively maturely-developed in terms of its city and its property market, and with its residential property demand growing steadily. This time, we are honoured to be able to joint hands with the renowned listed enterprise in Malaysia, the PJ Development, for a win-win collaboration in developing in the famous high-end residential area in Kuala Lumpur.
Knowing the keen local demand in high quality property projects, it is planned that the related site acquired will be developed into mid to high-end residential project. In the future, we shall continue to focus on property businesses development in China, and to adopt a prudent approach should overseas development opportunities arise, while striving for good returns for our shareholders and customers.”
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