Klang-based developer, Malton Berhad, plans to develop RM2.1 billion worth of gross development value (GDV) in residential and commercial projects, over the next three years.  Malton is also conducting feasibility studies on expanding abroad, especially in China, Vietnam and Thailand.

Speaking at a media briefing session in Kuala Lumpur were Malton director for sales and marketing, Tracey Lai, and COO, Yeoh Teng Tatt.  On the domestic front, the company expects to provide potential buyers with with sales previews on its residential and mixed-development projects in the Klang Valley, by the middle of 2008.

One of the projects touched on was the Ukay Spring residential project, which has a GDV of RM410 million.  This eco-friendly residential development comprises of 88 bungalows and 60 semi-detached homes, with bungalow units priced at RM3 million each, and semi-detached units priced at RM1.5 million.

Yeoh also expressed optimism that Malton's property development arm is expected to peform better this year - driven by its new projects in Selangor; namely Pearl Villas, Amaya Saujana and V Square, which were launched November 2007.  All 42 three-storey semi-detached houses and two bungalows under the Pearl Villas development are sold-out, while discussions on the en bloc sales of two corporate tower blocks under the V Square development are currently on-going.

The developer also plans to its maiden project in Penang by early April.  Known as the Cantonment Land project, the project involves the construction of a 36-storey duplex condominium, worth RM47 million in GDV.