PETALING JAYA: See Hoy Chan Holdings Group is now awaiting approvals for the
second phase of The Effingham Place and Tower 5 of its 1 First Avenue office blocks in Bandar Utama
township, Petaling Jaya, according to its director, Datuk Teo Chiang Kok.
For the office block, Teo said the construction of the new
building had to be timed correctly with the completion of the My Rapid Transit
station, as the Bandar Utama sub-station would be integrated with Tower 5 of
the office block.
Offices aside, See Hoy Chan will be constructing a four-star
hotel to complement its exisiting five-star hotel, The One World Hotel. See Hoy
Chan operates on a build-then-sell model to develop all of its properties.
On the residential front, via a balloting process, See Hoy Chan
launched the first phase of its zero lot bungalows, The Effingham Place on Jan
19, where nearly all 90 units were taken up. So far, 75 units have been sold,
and 11 units have been reserved.
(extracted from Star)
