London Stock Exchange-listed Aseana Properties Ltd, expects to earn nearly RM2billion in gross development value (GDV) from its two luxury projects in Mont Kiara.
The company, which is 20% owned by Ireka Corp Bhd, said that it plans to launch its first overseas project in Vietnam by the end of the year-end. The Vietnam venture, will be developed jointly with a local party, and is envisioned to be a mixed development comprising serviced apartments, office and retail lots.

Aseana is expected to generate RM1.3 billion from the recently-launched Seni Mont' Kiara residential resort and RM380 million from Tiffani by i-Zen condominium project. Seni Mont' Kiara and Tiffani by i-Zen are both high-end residential and commercial developments. More than 90 per cent of the total 399 Tiffani by i-Zen units have been sold in the past one year at an average price of RM630 per sq ft.
To date, 60% of the project has been completed and should be ready for handover in early 2009.

Seni Mont' Kiara is a 600-unit condominium project which comprises four blocks. Average price is expected to be RM750 per sq ft.

Aseana said that it expects to launch an office development by December this year. It will comprise of a 28-storey and 16-storey block with an average price of RM850 per sq ft.