News & Articles Teladan Setia will launch projects worth RM1.04 billion in 2022, including its first development in Klang Valley
Teladan Setia will launch projects worth RM1.04 billion in 2022, including its first development in Klang Valley
27 Jan 2022
Teladan Setia Group Bhd plans to launch property projects worth a total of RM1.04 billion in 2022.
The projects include serviced apartments, gated and guarded (G&G) townships, and low-income housing.
Among the projects are Taman Bertam Heights' phase 1B, which will be launched next month, and a G&G township in Melaka Tengah with a gross development value (GDV) of RM242.7 million.
The C&G township is made up of two-story terraced houses and two-story semi-detached houses that range in price from RM500,000 to RM750,000.
The Melaka-based property developer is also planning to launch its first project in Klang Valley, comprising two blocks of serviced apartments with a GDV of RM574.5 million.
In a statement, Teladan Setia managing director Richard Teo Lay Ban stated that he believes the time has come for Teladan Setia to expand beyond its Melaka stronghold.
"After establishing a solid brand presence in our home state, we want to broaden our reach to capitalise on other locations with even greater growth prospects," he explained.
He said that since the company's inception in 1997, it has completed 20 projects in Melaka worth an estimated RM2.12 billion.
Teo is optimistic about the prospects for its new launches and the property market in 2022.
"The market appears to be on track to recover in line with the national economy," he said.
Teo expects the overnight policy rate to remain at its all-time low of 1.75 per cent for at least the first half of the year, which is good news for home buyers.
"Homebuyers will benefit from low borrowing rates, which will drive demand for properties," he said.
The projects include serviced apartments, gated and guarded (G&G) townships, and low-income housing.
Among the projects are Taman Bertam Heights' phase 1B, which will be launched next month, and a G&G township in Melaka Tengah with a gross development value (GDV) of RM242.7 million.
The C&G township is made up of two-story terraced houses and two-story semi-detached houses that range in price from RM500,000 to RM750,000.
The Melaka-based property developer is also planning to launch its first project in Klang Valley, comprising two blocks of serviced apartments with a GDV of RM574.5 million.
In a statement, Teladan Setia managing director Richard Teo Lay Ban stated that he believes the time has come for Teladan Setia to expand beyond its Melaka stronghold.
"After establishing a solid brand presence in our home state, we want to broaden our reach to capitalise on other locations with even greater growth prospects," he explained.
He said that since the company's inception in 1997, it has completed 20 projects in Melaka worth an estimated RM2.12 billion.
Teo is optimistic about the prospects for its new launches and the property market in 2022.
"The market appears to be on track to recover in line with the national economy," he said.
Teo expects the overnight policy rate to remain at its all-time low of 1.75 per cent for at least the first half of the year, which is good news for home buyers.
"Homebuyers will benefit from low borrowing rates, which will drive demand for properties," he said.
Source: nst.com.my
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