KUALA LUMPUR (May 28): Encorp Bhd (KL:ENCORP) and Touch Group Holdings Sdn Bhd are jointly developing Balau Residences, a commercial mixed-use project in Teluk Cempedak of Kuantan, Pahang. The project has an estimated gross development value of RM545 million.
According to a press statement issued on Monday, Encorp and Touch Group through their subsidiaries — Encorp Construction & Infrastructure Sdn Bhd and Touch Millennium Sdn Bhd — had jointly formed Encorp Millennium Sdn Bhd to carry out the development of the project.
The ground-breaking ceremony took place on Monday, and was graced by Sultan of Pahang Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah.
In the statement, Encorp chairman Yusmadi Yusoff said: "As we break ground on Balau Residences, we are not just building structures, we are crafting a legacy of timeless elegance and sustainable living. Our aspiration is to stay true to the tagline ‘Enlightened Corporation, Makes Enlightened Nation’.”
Situated on 4.97 acres (2.01 hectares) of freehold land surrounded by the Teluk Cempedak beach, Balau Residences comprises 945 serviced apartments and 21 commercial units, offering approximately 2,179 car park bays across its premises. The project is slated for launch in the fourth quarter of 2024, with completion expected by the fourth quarter of 2028.
The development offers a range of facilities, including playgrounds, an infinite edge sky pool, gym rooms, multipurpose halls, a BBQ pit area, a meeting room, and a multipurpose court. It also features solar panels to harness renewable energy, and an optimal window-to-wall ratio to maximise natural daylighting.
Source: TheEdge - 29 May 2024
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