KUALA LUMPUR (March 27): BOLTON BHD [] will launch its first build-then-sell residential property in Setapak under a joint venture with CRSC Property Sdn Bhd.
Bolton said on Tuesday the project, with gross development value of RM80 million, would be on a 5.77 acre site.
It had recently teamed up with CRSC to build 70 three-storey superlink terrace houses on the leasehold site, which is part on the on-going 66.65 acre mixed residential and commercial development in Taman Sri Rampai.
“Under the agreement, Bolton will construct and complete the superlink terraced units by February 2015 as stipulated in the agreement on a build then sell basis. The gross development value of this development is estimated at RM80 million,” it said.
According to Bolton executive chairman, Datuk Mohamed Azman Yahya, he expected this project to be a quick turnaround for Bolton as the land is currently vacant and ready for immediate development.
Bolton said on Tuesday the project, with gross development value of RM80 million, would be on a 5.77 acre site.
It had recently teamed up with CRSC to build 70 three-storey superlink terrace houses on the leasehold site, which is part on the on-going 66.65 acre mixed residential and commercial development in Taman Sri Rampai.
“Under the agreement, Bolton will construct and complete the superlink terraced units by February 2015 as stipulated in the agreement on a build then sell basis. The gross development value of this development is estimated at RM80 million,” it said.
According to Bolton executive chairman, Datuk Mohamed Azman Yahya, he expected this project to be a quick turnaround for Bolton as the land is currently vacant and ready for immediate development.
