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TH Properties-MRCB JV company to develop RM3.1b GDV Kota Semarak

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KUALA LUMPUR, Jan 15 — 59 Inc. Sdn Bhd has restarted the Kota Semarak mixed development project with a targeted total gross development value (GDV) of RM3.1 billion. The 70-30...

KUALA LUMPUR, Jan 15 — 59 Inc. Sdn Bhd has restarted the Kota Semarak mixed development project with a targeted total gross development value of RM3.1 billion.

TH Prop group chief executive officer Azman Ibrahim said the 11-hectare Kota Semarak project in Jalan Sultan Yahya Petra will be developed in three phases. “We are looking at RM650 per square foot and this price range is much lower than what we can find in the surrounding high-rise developments.

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