A mint of a project for IJM Land

by **Cals** Sun 22 Sep 2013, 19:22

Published: Saturday September 21, 2013 MYT 12:00:00 AM
Updated: Saturday September 21, 2013 MYT 7:02:50 AM
A mint of a project for IJM Land
KUALA LUMPUR: IJM Land Bhd expects the take-up rate for its Royal Mint Gardens project in London to hit 70% in the first month of its launch.
Chief executive officer Datuk Soam Heng Choon said that the project, the initial phase of a 1.09ha mixed development venture with a gross development value of £200mil (RM1.01bil), would be launched by Sept 27 in Malaysia. “We have pre-sale bookings of 40% at present by London buyers,” he told a media briefing in Kuala Lumpur yesterday.
Soam said physical works on the project were expected to begin early next year for a targeted completion in the fourth quarter of 2017.
The Royal Mint Gardens, sited along the Royal Mint Street in central London, is close to the London Tower Bridge. It is also adjacent to the city’s financial district.
“The development consists of 254 residential apartments comprising studio, one, two and three-bedroom units in three blocks, with a built-up areas ranging from 387 to 1,431 sq ft.
“There are also plans for a retail piazza, residents’ leisure and wellness amenities, landscaped garden, courtyards and community spaces,” Soam said.
He said the company planned to launch the second phase of the project next year.
The selling price for Royal Mint Gardens units starts from £465,000 (RM2.4mil).
He said that having Royal Mint Gardens as its maiden project, there was a possibility the company would continue to expand in the area. — Bernama