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> AGILE MONT KIARA KUALA LUMPUR, Big China developer to launch KL Project (Investment)

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TSaccetera
post Apr 4 2015, 10:08 AM, updated 4y ago

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Project Approved and Show Gallery nearing completion.

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


QUOTE
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 AM
TSaccetera
post Apr 4 2015, 04:52 PM

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From: Kuala Lumpur, Singapore



Hearsay price could be hitting RM1,800psf.

If like dat, need to target China buyers.
TSaccetera
post Apr 4 2015, 10:45 PM

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You can't miss the Show Gallery (completing soon) for those passing by the main road (going to Solaris MK and Publika).
TSaccetera
post May 2 2015, 12:19 AM

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Launching in July.
TSaccetera
post May 9 2015, 12:12 AM

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Proposed pricing quite frightening.
TSaccetera
post Jul 3 2015, 12:06 PM

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user posted image

Source: http://www.agilemalaysia.com.my/
TSaccetera
post Jul 7 2015, 12:23 AM

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Agile Real Estate Development to launch Agile Mont’Kiara
By Rachel Chew / theedgeproperty.com | July 6, 2015 5:13 PM MYT
http://www.theedgeproperty.com/my/content/...t%E2%80%99kiara

KUALA LUMPUR (July 6): China-listed developer Agile Property Holdings Ltd plans to launch its debut project in Malaysia in the third quarter of 2015 (3Q2015). Called Agile Mont’Kiara, the project will be developed by its wholly owned subsidiary, Agile Real Estate Development (M) Sdn Bhd.

Agile Real Estate Development CEO Wilson Ren said the company was “very excited to be a part of the Malaysian property landscape”, citing its “huge potential, stable economy, regulatory environment, social security, market and price points, especially in Kuala Lumpur.

These factors, he added, “make Malaysia a new frontier for property development in Asia”.

Agile will source 100% of its on-site workers locally. With the planning, construction and launch of two projects in the pipeline – in Mont’Kiara and Bukit Bintang – the company is looking to create at least 1,000 jobs in six years.

“Our aim is to become a leading developer in Malaysia within five years,” said Ren.

Agile Mont’Kiara is a high-end residential project with a gross development value of RM1.4 billion. It will consist of 11 towers with facilities such as sky deck, jogging track and 24-hour security surveillance.

Agile Property Holdings is one of the leading property developers in China that has been listed on the Main Board of the Hong Kong Stock Exchange since 2005. It is a constituent stock of the Hang Seng Composite Index, Hang Seng Composite Size Index, Hang Seng Mainland 100 and Morgan Stanley Capital International China Index.

Agile currently owns a diversified portfolio of over 90 projects under various stages of development in cities and districts such as Guangzhou, Shanghai, Nanjing and Xi’an. Its expertise includes the development and management of residences and townships, shopping malls and office towers, as well as resorts and hotels, beach front projects, and golf and yacht clubs.
TSaccetera
post Aug 13 2015, 06:05 PM

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Renderings:

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TSaccetera
post Oct 27 2015, 10:24 PM

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There is a section whereby the units are using 1 lift, correct me if I'm wrong? What if the lift rosak?
TSaccetera
post Nov 4 2015, 12:51 AM

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How many units sold?
TSaccetera
post Dec 15 2015, 05:51 PM

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Full marble?



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