Property developer Dijaya Corporation Bhd plans to launch three new projects

PETALING JAYA: Property developer Dijaya Corporation Bhd plans to launch three new projects this financial year ending December 31, 2011 with gross development value (GDV) of about RM762mil. Managing director Datuk Tong Kien Onn said the total GDV for the three projects were more than RM1bil but the group would launched them in phases that resulted the amount to be RM762mil. “We will launch the Tropicana Cheras, a residential project in Sungai Long sometimes in July/August. Another project, the first phase of Tropicana Danga property project will be launched in the third quarter while the first phase of Tropicana Avenue in Tropicana, a mix development project that consists of commercial and apartments will later be launched in the final quarter,”he told reporters after the group's AGM today. The group had on last financial year launched projects with GDV worth RM800mil.