“The development and construction of a 29 -storey luxury condominium hotel, which consists of 391 units of condominium hotel rooms comprising standard suites, poolside suites, honeymoon suites with balcony, lover/honeymoon suites, presidential suites and a mechanical and electrical room, built upon with a 6-storey carpark and 1 ground level of food and beverage outlets on the land.”
Yong Tai partners PTS Properties for development in Malacca
KUALA LUMPUR: Yong Tai Bhd has partnered with PTS Properties Sdn Bhd for the construction of a 29-storey luxury condominium hotel in Malacca with a gross development value of RM120.9mil.
PTS Properties would be responsible for all matters relating to the construction of the project and Yong Tai would assist and facilitate in the construction, a filing to Bursa Malaysia on Thursday showed.
The project, to be located on a 0.52 hectare site, would comprise, among others, standard suites, poolside suites, honeymoon suites with balcony, six-storey carpark and a ground level for food and beverage outlets.
“Yong Tai Bhd expects this project to contribute up to 25% or more of the net profits and/or net assets of the YongTai Group.
“The proposed diversification will take an immediate effect upon YongTai obtaining the shareholders’ approval at the forthcoming extraordinary general meeting,” it said.
The project is 50% complete and is expected to be fully completed in February 2015, it added.
Read from The Star here.
99 Residences
The development and construction of a 29 -storey luxury condominium hotel, which consists of 391 units of condominium hotel rooms comprising standard suites, poolside suites, honeymoon suites with balcony, lover/honeymoon suites, presidential suites and a mechanical and electrical room, built upon with a 6-storey carpark and 1 ground level of food and beverage outlets on the land.
