THIS year, IJM Land Bhd plans to reveal two of its most anticipated projects — Riana Dutamas Phase 1 and The Light Waterfront Phase 2 — despite challenging market conditions.
“Riana Dutamas is meant to spearhead the transformation of North Kiara. We believe that the area [next to Mont’Kiara, Dutamas and Kampung Segambut] is going through a gentrification due to its strategic location. The place also has many established mixed-used developments nearby,” managing director Edward Chong tells City & Country recently. “We acquired the land about two years ago at a good price [of about RM200 psf].”
“This is a good opportunity for homebuyers and investors to own a property in an upcoming location. Generally, people are location-centric, so the fact that North Kiara is near all the major locations in the Klang Valley — such as Mont’Kiara, Dutamas, Sri Hartamas and Kuala Lumpur City Centre — is a plus point,” Chong says.