BANDAR Raya Development Bhd (BRDB) will launch projects with gross development value (GDV) of RM2bil locally this year while keeping its eyes open for opportunities abroad. CapSquare Residences II, an integrated commercial, retail and residential enclave, was expected to be launched in the second quarter 2008, he said. Jagan said BRDB also targeted a series of launches aimed at introducing exclusive lifestyle living concept in Johor this year. The company's high-end One Menerung in Bangsar and The Troika projects, which were launched in 2006, were doing well, with about 85% and 75% of the units sold respectively, he said. BRDB recently expanded its land bank in the Klang Valley with the acquisition of 10.1ha freehold land fronting the Federal Highway in Subang Jaya. The RM125.9mil purchase is for a mixed development featuring retail, office suites and apartments. The project has a potential GDV of RM1.5bil
(11-02-2008 The Star)
