KUALA LUMPUR (May 30): Crest Builder Holdings Bhd (CBHB) is set to officially launch Interpoint in Bandar Bukit Tinggi, Klang and Latitud 8 in Jalan Ampang, Kuala Lumpur in December and the first quarter of 2022 (1Q22) respectively.

With a gross development value (GDV) of RM620 million, Interpoint will comprise three towers with two wings — Tower A (26 and 36 storeys), Tower B (27 and 35 storeys) and Tower C (27 and 34 storeys). It will offer a total of 998 serviced apartments with built-ups of 593 to 1,270 sq ft with prices starting from RM376,555. There will also be 30 office suites and 36 retail units priced from RM399,000 and RM840,000 respectively.  

Meanwhile, the RM900 million Latitud 8, which is a joint venture between CBHB and Prasarana Integrated Development Sdn Bhd, will consist of a 46-storey tower with a total of 857 SoHo (small office/home office) units, 22 retail units and a 16,680 sq ft office space. 

The SoHos will have built-ups of 570 to 1,250 sq ft and be indicatively priced from RM615,600, followed by the retail units from RM224,000 and the office space at RM950 psf.

CBHB group managing director Eric Yong Shang Ming said: “We are different from some other developers as we do not develop townships and our land acquisitions are mainly opportunistic ones. For instance, our maiden development, 3 Two Square, was acquired in a fire sale from Tops Supermarket when the government imposed a ban on new hypermarkets.

"We are constantly looking for new opportunities for land — whether due to a fire sale, a bargain from market prices or via a joint venture with landowners. We do not rule out opportunities arising from the monetisation of government assets in the near future,” he added.

Read more about it in The Edge Malaysia weekly's May 31 edition.

Save by subscribing to us for your print and/or digital copy.

P/S: The Edge is also available on Apple's App Store and Android's Google Play.