China-Based Agile To Launch First Int'l Project In Mont'kiara

KUALA LUMPUR, Jan 6 (Bernama) -- Agile Real Estate Development Sdn Bhd is set to launch its residential project valued at US$319.43 million (RM1.4 billion) on a 4.05-hectare site in Mont'Kiara here on Jan 9, 2016. (US$1 = RM4.38) The project, consisting of 11 towers of low- and high-rise structures, was scheduled for completion in 2019," it said in a statement Tuesday. Agile Real Estate Development is a wholly-owned subsidiary of Agile Property Holdings Ltd, a leading integrated property developer in China. Agile Property Holdings is listed on the Main Board of the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Composite Index. Agile said the 4.05ha land was acquired from PJ Development Bhd, which has a 30 per cent stake in the international project, which is Agile group's first outside China. The group has over 90 projects in its diversified portfolio. -- BERNAMA