Is to redevelop on the current waste pool or is those condo behind waste pool?

Project previewing soon.

Where's the location?

GEORGE TOWN: Ivory Properties Group Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

targets to launch its RM1bil project Grand Connaught in Kuala Lumpur in the final quarter of 2018.

Group chief executive officer Datuk Low Eng Hock told StarBiz that the project, located on a 2ha site, comprised 800 condominium units.

The units, with built-up areas of 850 sq ft and 1,000sq ft, have prices ranging between RM700 per sq ft and RM1,000 per sq ft.

“Planning is now in progress for Grand Connaught.


“Its range of modern casual diners will ensure this is the go-to spot for social gatherings, business networkings, and retail therapy,” he said.

Low added that the residential towers would be on top of the retail space with bus-stops, LRT, and MRT stations in the vicinity.

“In the pipeline are projects in Sungai Besi with a RM250mil gross development value (GDV) and Batu Uban in Penang with a RM750mil GDV,” he added.

On a RM49.6mil project to rationalise sewage treatment plants at Taman Connaught, Low said the work would be executed by Ivory Residence Sdn Bhd (IRSB), the company’s wholly-owned subsidiary, in a joint-venture agreement with Grand Uptown Sdn Bhd (GUSB).

“IRSB will reroute sewage pipes from the existing facility to the bigger sewage treatment plant in Bandar Tun Razak.

“Work is expected to be completed in 2020,” he added.

“The rationalisation exercise was awarded by the Government to GUSB in exchange for the right to develop the land, which is slated for a mixed-development scheme,” he added.

According to Low, the company will continue to be well-attuned to the changing market conditions in order to stay profitable.

“While challenging market conditions are expected to persist, the group seeks to place greater emphasis on implementing innovative marketing strategies with attractive promotional packages to improve sales for existing projects and future launches.

“With the new development rights secured in the Klang Valley, the group remains optimistic about replicating the success story it has created in the northern region,” he said.

As the property market moves towards building affordable houses in line with the Government’s call to ensure the well-being and interests of the larger community, the company will align its strategy to gain market penetration in this sizable sector.

“The MoU inked on July 12, 2017 between the company, Taman Segar Management Corp and Upper Label Sdn Bhd allows us to make a foray into the affordable housing segment in Kuala Lumpur,” Low pointed out.


Read more at https://www.thestar.com.my/business/busines...FuWYwG2fR3W5.99

I am lost after thread renamed.
Where is this location actually?
This one LH right? Thx

700-1000psf in Connaught?

If it is related to the land spelt in the article, it is LH..


https://www.edgeprop.my/content/963384/ivor...nd-grand-uptown

DBKL.OSC (B) A13 S2 171012-040 (P2) : CADANGAN PEMBANGUNAN BERCAMPUR YANG MENGANDUNGI:- PODIUM TEMPAT LETAK KERETA 9 TINGKAT DENGAN 2 TINGKAT BESMEN YANG MENGANDUNGI RUANG:- A) RUANG KOMERSIAL 3 TINGKAT 😎 LOBI UTAMA C) 1 UNIT PENCAWANG TNB D) RUANG CINEMA SERTA RUANG KEMUDAHAN DAN REKREASI DI TINGKAT 10 YANG MENGANDUNGI RUANG :- A) 2 UNIT BILIK PERSALINAN 😎 1 UNIT GYMNASIUM C) TAMAN PERMAINAN D) KOLAM RENANG E) 1 UNIT DEWAN SERBAGUNA F) UTILITI G) BILIK SURAU (LELAKI & PEREMPUAN) DENGAN MENARA 1: 59 TINGKAT BANGUNAN YANG MENGANDUNGI 1025 UNIT KONDOMINIUM SUITE DARI TINGKAT 11 KE TINGKAT 59 DAN MENARA 2 : 60 TINGKAT BANGUNAN YANG MENGANDUNGI 360 UNIT HOTEL DARI TINGKAT 13 KE TINGKAT 27 DAN 264 UNIT PANGSAPURI SERVIS DARI TINGKAT 28 KE TINGKAT 60 DI ATAS LOT 17692, LEBUHRAYA HUBUNGAN TIMUR BARAT,MUKIM PETALING, DAERAH KUALA LUMPUR, WILAYAH PERSEKUTUAN KUALA LUMPUR oleh TETUAN IVORY RESIDENCE SDN BHD, 81-11-1, JALAN DATO KERAMAT, 10150 GEORGE TOWN, PENANG TEL 04-2108000/FAX 04-2270000 di Dewan Bandaraya Kuala Lumpur


The development exactly the sewage pond.





For more information about this development.
Can read their report on bursa malaysia

http://disclosure.bursamalaysia.com/FileAc..._DS_ATTACHMENTS

Wow... Oxidation pond turned mixed development ...Geng!

Ivory is a penang based developer having developed many high end projects in the penang island.

funny. many penang friends and re agents tell me not so nice stories about ivory.

On sewerage pond and nearby cemetry can sell 700 psf? Hahaha.

the sweage pond will be relocated right??

This is boleh land bro, apa pun boleh. Soon cemetery also can develop.

I wonder why penang developer always so optimistic on KL property's market.
Anyone knows about Queensville by SEAL and Dwitasik? SEAL also penang based developer

Every land can be redeveloped.

SUKE will pass-by in front of sewerage pond.

Salute la the location.

Cemetary + Highway + O.Pond.

SUKA-Angkasar-Giyant-EastWestLin-Sewerage

Opposite yes... Adding a layer of audio dimension may not carry that high magnitude of audio compared to EastWestLin(immediate front) and MRR2(directly beside)...