TH Properties and MRCB joint ventured 59 Inc. Sdn. Bhd has launched Kota Semarak, a maiden eco-friendly high-rise mixed development project approximately RM3 billion in GDV.
A 70:30 joint venture between the two juggernaut developers, the project, is located on a prime 27-acre land in Jalan Sultan Yahya Petra or previously known as Jalan Semarak, and will be developed in three phases. With a gross development value of RM 3 billion, the development comprises the components of serviced apartments, shop offices, and a retail mall. Phase 1A, which will have a total of 1,226 units of serviced apartments, including 100 units of RUMAWIP, in four towers and 87 units of shop offices, is earmarked to be completed in February 2027.
The project will include top amenities for modern living like an electric vehicle charging station, Beam scooter station, multi-tier security, a solid waste management system, and rainwater harvesting. It’s located just 5 km from KLCC and has easy access to DUKE highway. At home or play, buyers can also take advantage of the surrounding greenery and the nearby Taman Rekreasi Ayer Panas; in addition to amenities such as KLCC Park, Kelab Golf Titiwangsa PDRM, and Setapak Golf Range.
“The proximity of these facilities makes maintaining a healthy lifestyle a bit easier for busy urban dwellers. We believe such convenience will appeal to young professionals and small families looking to experience a better quality of life. In addition, Kota Semarak is also ideal for long-term investment due to good connectivity and proximity to reputable hospitals and
education institutions such as Kuala Lumpur Hospital, National Heart Institute, and UTM Kuala Lumpur”, Azman Haji Ibrahim, the Group Chief Executive Officer of TH Properties noted.
Apart from Kota Semarak, other developments by TH Prop include Tierra in Bandar Warisan Puteri 2, Seremban, Techpark, The Villas, Hundred East and Pristine 3 in Bandar Enstek, as well as Pesisiran Residences in Kuantan, Pahang.
TH Prop is a wholly-owned subsidiary of Lembaga Tabung Haji and a seasoned player in the industry, having been active since 1980 through the establishment of Syarikat Pembinaan dan Perumahan Tabung Haji Sdn. Bhd. Currently, its key areas of expertise are property development, construction and facilities management. Its largest township at the moment is Bandar Enstek in Negeri Sembilan, at 5,119 acres. Located near the KLIA and KLI2, Bandar Enstek is a mature township with more than 1,784 homes completed and handed over to owners since its construction in 1999.
