Putrajaya Holdings to develop two projects in Jalan Ampang

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Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya, plans to expand its territory into the Kuala Lumpur with the development of two new projects in Jalan Ampang with a total gross development value (GDV) of RM5.2bil.

Chief executive officer Datuk Azlan Abdul Karim said the company had recently acquired two pieces of land in Jalan Ampang – 3.2ha on which the French Embassy was previously located, and a 0.52 ha plot next to the Chinese embassy.

The company aimed to develop 429 units of high-rise serviced apartments on the 0.52ha plot, while the 3.2ha would be developed into a mixed project, comprising commercial retail, hotel and residential, he said.

“We have submitted our proposal for approval (from Kuala Lumpur City Hall).

 “The residential project will have around RM500mil to RM600mil GDV while the mixed development project’s GDV will be eight times bigger,”
Note: The French Embassy Land was sold to Putrajaya Holdings for RM2,400 psf in May 2015

source: TheStar

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