TTDI Development Sdn Bhd, a member of the Naza group, will sell the 50-storey office tower it plans to build, to the Federal Land Development Authority (Felda) for RM640.7 million.

The proposed  Menara Felda (Felda Tower) is the tallest of seven iconic towers in TTDI Development’s RM3.5 billion Platinum Park - an upmarket integrated residential and commercial development.  Spanning approximately 3.7ha of freehold land in the prestigious Kuala Lumpur City Centre (KLCC), Platinum Park is surrounded by new high-end condominiums like The Avare, Binjai, Stonor Park and Suria Stonor. Platinum Park currently comprises three luxury condos, three Grade A office towers and a five-star service apartment tower - and shall be developed in five phases, over the next eight years.

Deputy Prime Minister Datuk Seri Najib Tun Razak, who performed the ground-breaking ceremony at the project site at the corner of Jalan Stonor and Jalan Kuda on 22 January, also witnessed the signing of the agreement between TTDI Development and Felda on Menara Felda.

Once completed, Menara Felda will have a nett lettable area of 689,000 sqf and a floor plate of 15,000 sqf. It will also feature a large banquet hall that can seat 1,500 people at the basement level, amongst many other facilities.

Indeed, Menara Felda is set to be the biggest luxury development to be undertaken by a bumiputra company in the vicinity of Kuala Lumpur's Golden Triangle, where the Petronas Twin Towers and Suria KLCC shopping centre are also located.  Set amidst a lush landscaped haven-with-a-city concept around a RM20 million private 1.5-acre park, the project offers residents a chance to live, work and play within their own exclusive domain.

The condominiums will be priced from RM2,000 to RM2,500 psf, with sizes ranging from 2,200 to 5,500 sqf and penthouses of 8,000 to 13,000 sqf.  There will be a 30-storey condominium tower with 123 units and two 42-storey condominium towers with a total 164 units. The first condominium block is expected to be launched either later this year or early next year.

In addition, there will also be niche lifestyle retail offerings to complement this one-of-its kind development in the capital.  These outlets will feature products and services of international appeal catering to those with a taste for luxury and class.