KUALA LUMPUR, May 31- IGB Corp Bhd plans to launch its Three28 Tun Razak and Park Manor projects in the third quarter of this year, with gross development value of RM96 million and RM97 million, respectively.
The Three28 Tun Razak service apartment project has almost reached superstructure stage.
“We are targeting a mid-2013 launch for the 166-unit city-sized service apartment project,” its Group Managing Director Robert Tan Chung Meng (photo) told reporters after the company’s annual general meeting today.
Over at Sierramas in Sungai Buloh, Tan said work has started on Park Manor, a low-density 41-srata bungalow development on a 7.7-acre freehold land.
The IGB Group also has two malls, namely Mid Valley Megamall and The Gardens Mall.
“Mid Valley Megamall continues to be a key shopping destination in the Klang Valley. Over 38 million people visited the mall during the year under review,” Tan said.
With the increasing competition in the retail space, the objective is to ensure both retail assets are well managed and investors see year-to-year growth of about five per cent to eight per cent, he added.
– BERNAMA
