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BINJAI 8 SERVICE SUITES | Kuala Lumpur ( off Jalan Binjai ) | 40 fl | Completed

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#1 · (Edited by Moderator)
Lam Chang group plans three high-end projects in KL

By S.C. CHEAH

THE well-diversified Lum Chang group will launch three high-end development projects in Kuala Lumpur in the first half of 2008.

They are a 40-storey serviced apartment in the Kuala Lumpur City Centre (KLCC) area, Twin Palms Kemensah, and bungalows at its flagship Twin Palms Sungai Long.

Executive director Cham Kooi Joo told StarBiz that the 320-unit serviced apartment at Lorong Binjai (behind the Nikko Hotel) would have three layout designs: one-bedroom unit (750 to 850 sq ft), two-bedroom unit (1,100 to 1,300 sq ft) and three-bedroom unit (2,000 to 2,500 sq ft).

Cham said the Twin Palms Kemensah on about 30 acres of freehold land would have 128 units of three-storey bungalows with a large built-up area from 5,000 sq ft.

“It will have a gross development value (GDV) of about RM250mil and all the bungalows will be within a gated and guarded community,” he said.

He said the undulating land, currently a secondary jungle, was bought early last year. It is located just behind Zoo Negara.

“We have not fixed the price, but it will be very high-end. The upper floor will have an outdoor terrace. We are waiting for the approval of the building plans,” he added.

As for the bungalows to be launched in Twin Palms Sungai Long, Cham said they would have a built-up area of about 4,500 sq ft. Fabulous Range Sdn Bhd, a member of the Lum Chang group, is the developer.

Fabulous Range general manager George Fong said the elegant bungalows, called Tsara, would have modern and contemporary designs. “We feel that for the money one is paying for, the look of the bungalows should last at least the next 20 years,” he said.

Meanwhile, the group has handed over with certificate of fitness for occupation for all its sold-out LamanSeri homes (88 terrace houses and 24 semi-detached houses) in Shah Alam last June.

Its Suria 618 project in Section 27, Shah Alam (near LamanSeri), comprising 66 double-storey terrace houses with a single entry and exit point, has also been handed over.

Both projects were completed six months ahead of schedule.

Lum Chang is one of the earliest developers to build high-end projects in Kuala Lumpur. They include The Forum in Jalan Tun Razak, Damansara Villa, Wickham Manor and the Kuala Lumpur Golf & Country Club (owned by Sime Darby since 1996).

Lum Chang Holdings Ltd started as a major earthworks, civil engineering and building contractor. Today, Lum Chang has grown to become a well-diversified network of 33 companies and 11 associated companies involved in hotel and serviced apartments, property and construction.

Listed on the Singapore Stock Exchange, it has diversified interests in Thailand, China, Britain, Australia, Vietnam, Laos, Malaysia and Singapore.
 
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