KUALA LUMPUR, Jan 21 — Property developer, Naza TTDI Sdn Bhd is planning to launch properties with a gross development value (GDV) of RM1.7 billion this year.

Deputy Executive Chairman and Group Managing Director SM Faliq SM Nasimuddin said the property launches were expected to improve the company’s revenue performance.

“I believe there will still be a demand for premium and affordable properties provided the product can meet and suit market expectation,” he was quoted as saying in a statement.

The property arm of the Naza Group of companies said the launches would begin in March with the sale of the residential components of ‘TTDI Sentralis’ and ‘TTDI Alam Impian’ in Shah Alam and ‘TTDI Dualis’ in Equine Park, Seri Kembangan.

This will be followed by other residential phases in TTDI Grove Kajang and TTDI Alam Impian in Shah Alam.

The company’s RM4 billion Platinum Park project in Kuala Lumpur, the other office towers of Lembaga Tabung Haji and Naza Corporation Holdings Sdn Bhd is expected to be completed by second quarter of 2015.

In July, the first phase of 500 residential units, with a GDV of RM452 million, in Platinum Park will be launched.

“We are expecting more launches in the pipeline in the forthcoming years which will continue to build a stronger platform for the company to sustain its future growth,” said SM Faliq in the statement. — Bernama