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IOI Properties and Japan's Mitsubishi Jisho to unveil The Gems at IOI Resort City

Artist's impression of The Gems at IOI Resort City, Putrajaya. Artist's impression of The Gems at IOI Resort City, Putrajaya.

INTRODUCTION OF THE GEMS

The Gems, in IOI Resort City, a resort address nestled in the south of Klang Valley, is ideally located away from the hustle and bustle of the city life yet enjoying modern living with the convenience of easy accessibility to neighbouring townships and the capital city of Kuala Lumpur due to its connectivity and accessibility via major highways.

IOI Resort City is connected with highways including South Klang Valley Expressway (SKVE) as the main entry and exit route, SILK Highway, Lebuhraya Damansara-Puchong (LDP), Maju Expressway, North-South Highway and Besraya Highway.

The Gems at IOI Resort City will be developed by IOI Properties Group (“IOIPG”), one of Malaysia’s Top Ten leading developer and Mitsubishi Jisho Residence (“MJR”), a wholly-owned subsidiary of Mitsubishi Estate Co., Ltd (“MEC”), which is a leading Japanese real estate developer in a diverse spectrum in the real estate industry including residential, office, retail and hotel businesses in both local and international scene.

The project is undertaken by Pine Properties Sdn Bhd (“PPSB”), a 99.8%-owned subsidiary of IOI Properties Group Berhad (“IOIPG”) and MJR Investment Pte Ltd (“MJRI”).

The land in which The Gems is to be developed is a freehold land measuring approximately 9.6 acres in IOI Resort City, Putrajaya.

The Gems, will see eight blocks of residential units with sizes ranging from 1,250 sq ft to 1,750 sq ft within a high-end development.

It will provide an affluent lifestyle to discerning home owners with a serene resort environment in a well-guarded enclave of lush greens and tranquil surroundings.

It is within close proximity of world class and award winning facilities such as 5-star branded hotels, award winning shopping mall and golf club and GBI-certified office towers. The Gems will offer a healthy and active lifestyle complemented by the various exclusive clubhouse, dining and entertaining facilities and amenities within its contemporary architectural design.

The development is scheduled to commence in FY2017; and is expected to be completed over the course of 4 years.

“Our collaboration with MJR is highly valued as its impressive track record and a brand renowned for its quality excellence resonates with the IOIPG drive to strive for the same in its property businesses covering property development, investment and leisure as well as hospitality."

"We believe our IOIPG venture with MJR well known for its strong track record in providing high-quality residences will enhance the value of The Gems and IOI Resort City.

"The Gems will be an ideal property choice awaiting to be discovered by discerning home owners who will be buying into the mature well-planned lush-landscaped, integrated and sustainable development of IOI Resort City,” said Lee Yeow Seng, chief executive officer of IOIPG at a media conference on 29 March recently.

IOI Resort City is one of IOIPG’s sustainable township developments, with a well-conceptualized resort-style ambience; lifestyle conveniences of shopping, entertainment and recreation; with offices and residences within a lush green environment which includes Puteri Palma Condo, GBI-Certified IOI City Towers, world-class hotels ie Putrajaya Marriott Hotel, Le Méridien Putrajaya, the biggest mall in Southern Klang Valley namely IOI City Mall and an 18-hole championship golf course, Palm Garden Golf Club.

Lee added, “We are positive that this development will be yet another timeless gem in this mega-city development of IOI Resort City.” he added.

 

END OF PRESS RELEASE

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