KUALA LUMPUR: Naza TTDI Sdn Bhd, the property development arm of the Naza Group, plans to launch 18 new developments including new phases worth over RM1 billion by end of the year- Group managing director SM Faliq SM Nasimuddin said new property launches will include three high-end residential projects- "We are looking to launch 18 new projects this year, which include our three trophy high-rise luxury residential towers in Kuala Lumpur," he said at the signing of a service agreement with Telekom Malaysia Bhd (TM) here yesterday- Naza TTDI will launch one block with more than 50 floors at the company's RM4 billion Platinum Park development in Kuala Lumpur by third quarter- The second residential project is on a 0-8ha site located near the embassies, such as Singapore High Commission, on Jalan Tun Razak- The third residential project comprising 30 floors will be developed on a 0-4ha site in Taman Tun Dr Ismail- Among the new phases to be launched is TTDI Alam Impian in Shah Alam- Faliq said the company has 323ha of undeveloped landbank for its future developments - about 202ha are in the northern region and 121ha in the Klang Valley- It was reported earlier that Naza TTDI wanted to achieve a turnover of RM1 billion this year, from RM635 million in 2010- Meanwhile, TM vice-president of Selangor Datuk Zaini Maatan said UniFi's subscriber base stands at about 110,000 and the service is available in 68 exchange areas- The agreement will see TM providing its high-speed broadband services to TTDI Alam Impian by 2016, dubbed the first UniFi township project in the central region-...

More