This year is expected to be a positive one for United Malayan Land Bhd (UM Land) as the developer will be launching three high-end condominium projects with a gross development value of over RM1 billion by end-2008 said its CEO Anthony Yap.For the first quarter of the year, UM Land will be launching its RM 175 million Suasana Bangsar in Bangsar.“It consists of a single luxury residential tower housing 190 condo units with sizes from 1,112 to 4,800 sq ft. We are confident of the success of this freehold project based on the high level of interest gathered from the early registrants,” he said.In the second half of 2008, UM Land’s 310 units of serviced residences in the enclave of Bukit Ceylon will be launched. “Given the attractive location and development potential of this project, it is expected to contribute positively to future earnings of the group,” Yap added. Meanwhile, a third condo project located along Jalan Mayang, off Jalan Yap Kwan Seng is scheduled for launch by the fourth quarter of the year.
(The Sun 29-2-2008)
