Business

Friday November 9, 2007

IJM launches Platino luxury condos

By CHRISTINA CHIN




PENANG: IJM Properties Sdn Bhd on Wednesday launched the Platino luxury condos here.

“Since the soft launch in September, we have already sold about 35% of the 228 units. The response is extremely encouraging so we expect to have an additional 30% snapped up by the end of the year.

“The balance units are reserved for Bumiputra purchasers,” said IJM Properties Sdn Bhd managing director Teh Kean Ming.

He was speaking to reporters at the official launch of the project at the E&O Hotel on Wednesday.

Piling work on the RM191mil development has started and the project is scheduled for completion by mid-2010.

Teh said that Platino was about lifestyle.

“Platino is a luxury condominium which is within the reach of local purchasers. Luxury need not be exorbitant. Platino offers owners the luxury of space because the concept was to build ‘bungalows in the sky’.

“The really unique thing about this project is the ‘four-season’ garden, which was landscaped with a variety of plants reflecting the four seasons,” he said.

The units of the 1.4 hectare Platino project, located next to the Penang Bridge in the south-west district, range between 1,819sq ft to 6,400sq ft.

Prices start from RM718,000. The most expensive units are priced at RM2,627,000.

Located on a 12-hectare site, Platino is part of the Metro-East mixed-development scheme. It is about 60% completed and includes Tesco, e- GATE and Bayswater.

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