TH Properties Sdn. Bhd. (TH Prop) through its joint venture company, 59 Inc. Sdn. Bhd. (59 Inc.) launched Padang Residences, marking the commencement of Kota Semarak, its inaugural high-rise mixed development project in Kuala Lumpur.
Kota Semarak, with a gross development value of RM3,098,720,916, is a collaborative effort between TH Prop and Malaysian Resources Corporation Berhad (MRCB) through their joint venture company, 59 Inc.
Strategically situated on a prime 27-acre land in Jalan Sultan Yahya Petra (formerly known as Jalan Semarak), Kota Semarak will be developed in three phases, featuring serviced apartments, shop offices, and a retail mall.
Padang Residences, the first phase of the project, will offer 1,226 units of serviced apartments across four towers, including 100 units of RUMAWIP and 29 units of shop offices.
These contemporary units range from 2 to 4 bedrooms and boast carefully designed layouts to optimise city skyline views. Anticipated to be completed by February 2027, Padang Residences promises modern living coupled with convenience and accessibility.
TH Prop Board Member, Datuk Wan Hashimi Albakri bin W.A.A Jaffri, highlighted the eco-friendly features incorporated into Kota Semarak, including electric vehicle charging stations, scooter stations, multi-tier security, and rainwater harvesting systems. The development’s strategic location, just 4 km from KLCC and with easy access to DUKE Expressway, appeals to urban dwellers, young professionals, and families seeking a quality city lifestyle.
In alignment with national sustainable development goals, TH Prop aims to create environmentally friendly and sustainable living environments across its projects. With a track record of delivering residential and commercial developments, the company emphasised people-centric designs and green features to enhance homeowners’ quality of life.
Expressing confidence in the market demand for their products, Wan Hashimi affirmed TH Prop’s commitment to sustaining momentum through continuous improvement and innovation. Apart from Kota Semarak, TH Prop’s portfolio includes various successful developments such as Bandar Enstek in Negeri Sembilan and Seremban’s Warisan Puteri 2.
As a subsidiary of Lembaga Tabung Haji, TH Prop has been a prominent player in the property industry since 1980, specializing in property development, construction, and facilities management. With Kota Semarak poised to set new standards in urban living, TH Prop reaffirms its dedication to creating vibrant and sustainable communities across Malaysia.
