Plenitude Bhd has unveiled Tebrau City Residences project, a first-of-its-kind serviced apartments project in Johor Bahru, with a “city within a city” concept.

Comprising 1,088 units, Tebrau City Residences is designed to cater to urbanites, accustomed to city living. It lies within Tebrau City and is located next to three retail malls - AEON Jusco mall and the upcoming Tesco and IKEA malls.

The project is made up of three- and four-bedroom apartments, with sizes ranging from 1,089 sq ft to 1,882 sq ft. The units are priced from RM133 psf to RM175 psf.

Tebrau City Residences will have a pool, gym, sauna and badminton courts. The service charge for maintenance of common areas and facilities is 14 sen psf.

Plenitude executive chairman Elsie Chua said, "Our current launch is the first parcel with 472 units, which has received good response. The rental yield at this area is projected at 8 per cent and is expected to continue to increase due to land appreciation in this area and within the Iskandar Development Region."