Encorp Berhad and Touch Group Holdings Sdn Bhd have formed a partnership to develop a commercial mixed development project worth over RM400 million on a 4.97-acre land in Teluk Cempedak, Kuantan, Pahang.
The project is expected to commence in the first quarter of 2023 and is expected to be completed by the fourth quarter of 2027. The development is strategically located at Kuantan’s iconic Teluk Cempedak beach, which is known for its recreational features.
Commenting on the partnership Group Chief Executive Officer of ENCORP, Encik Hazurin Bin Harun said “We are pleased to have the opportunity to join forces with Touch Group Holdings to unlock the value of its land bank and to create a unique and exceptional mixed development that complements and enriches the landscape of Teluk Cempedak.”
“Touch Group Holdings looks forward to working closely with ENCORP and hope that this maiden project shall be the forerunner to more dynamic collaborations in the future,” said Raja Dato’ Idris of Touch Group
The JVA follows a string of favourable news for ENCORP which is most recognised for developing its Encorp Cahaya Alam residential and commercial development in Shah Alam and the commercial and shopping mall development of The Strand in Kota Damansara.
