E&O’s managing director Kok Tuck Cheong: “This is an extension of our earlier successful collaborations on The Mews & Conlay, two noteworthy luxury apartments in Kuala Lumpur City Centre.” and Japan's largest property developer Mitsui Fudosan Co., Ltd are teaming up to build luxury residences in Damansara Heights here.
“The development is expected to be launched in the second half of 2020 and will contribute positively to the earnings of E&O from 2021 onwards, ” E&O said in the statement on the project. E&O said the JV was expected to generate cash flow for the E&O Group whereby the cash together with the total consideration receivable by Ambangan Puri shall be used by the E&O Group for, amongst others, reinvestment in other projects, repayment of bank borrowings and working capital purposes.
“This is an extension of our earlier successful collaborations on The Mews & Conlay, two noteworthy luxury apartments in Kuala Lumpur City Centre. “We experienced excellent take-up rate for our earlier projects in this location, namely Seventy Damansara and Idamansara. Riding on our past experiences, we believe that we can bring along further improvements to this project and repeat our earlier success in this niche market and prime location," Kok said.