BANDAR ENSTEK, LABU - New Hotel Development
TH Properties to build 4-star hotel in Bandar Enstek
Friday, January 16, 2009
KUALA LUMPUR: TH Properties Sdn Bhd is building a new RM50mil four-star hotel in Bandar Enstek to benefit from the proposed low-cost carrier terminal (LCCT) in Labu, Negri Sembilan.
Chief executive officer Zaharuddin Saidon said the hotel, near the KL International Airport (KLIA), would cater for foreigners and transit passengers that come through KLIA and the new LCCT at Labu.
“The hotel will be an ideal destination for them as a pit-stop as it only takes about a few minutes from the hotel to the airports,” he said yesterday at the signing of two memoranda of understanding (MOU) and a joint venture (JV) agreement between the company, the developer of Bandar Enstek in Nilai and Seri Pajam Development Sdn Bhd.
The MOUs were for building the new hotel and and for the implementation of the industrialised building system (IBS) for the construction of future buildings at Bandar Enstek. The IBS is a construction process that involves pre-fabricated and on-site installations.
“The construction of the 400-room four-star hotel will commence around August and will take about 16 months for completion,” Zaharuddin said.
The signing of the JV was for the development of the second phase of Bandar Warisan Puteri near Seremban.
“The construction works of Vila Suria (at Bandar Warisan Puteri) using the IBS (in the first phase) has enabled us to complete the project in 12 months and ensure the delivery of high-quality finished products,” said Seri Pajam managing director Lai Suit Choong.
He said the second phase of Bandar Warisan Puteri had a gross development value of RM160mil and would see the development of some 1,000 residential units of various types, over a period of five years.
By The Star
TH Properties to build hotel at Bandar Enstek
Friday, January 16, 2009
TH Properties Sdn Bhd is to build a four-star, 400-hundred room hotel at Bandar Enstek in Nilai, Negeri Sembilan.
The property developer today signed a memorandum of understanding (MoU) with Seri Pajam Development Sdn Bhd for the project.
TH Properties chief executive officer Zaharuddin Saidon said the hotel was a RM50 million investment.
He said the first phase of construction would commence in August this year and is expected to be competed in early 2011.
“With its close proximity to the KL International Airport and the present LCCT or Low Cost Carrier Terminal, we expect the hotel to be well received,” he told reporters after the signing ceremony.
He added that with the proposed construction of the new LCCT at Labu, Negeri Sembilan, the company expects the traffic towards Bandar Enstek to increase significantly.
TH Properties is a wholly-owned subsidiary of Lembaga Tabung Haji and is the developer of Bandar Enstek, a joint venture effort with the Negeri Sembilan Development Corporation via TH-NSTC Sdn Bhd.
At the event, TH Properties also signed another MoU with Seri Pajam Development to implement the industrialised building systems (IBS) in the construction of buildings at Bandar Enstek.
Apart from the MoUs, TH Properties also entered into another joint venture agreement with Seri Pajam Development for the second phase of development of Bandar Warisan Puteri, Negeri Sembilan.