CP group, the developers of Eastin Hotel in Phileo Damansara, hope to launch an integrated

mixed development project comprising of commercial and residential units on the fringes of Kuala Lumpur’s city centre, reports Yap Yew Jin of the Sun daily. CP group’s current development in the Klang valley, Casa Idaman, is a condominium project off Jalan Ipoh, Kuala Lumpur, comprising of 3 and 4 bedroom units with built-up area of between 1,007 square feet  and 1,881 square feet, priced from RM200,560 to RM243,300. The project consists of two  18 storey blocks of 304 uints each with facilities available,  inclusive of a swimming pool, gymnasium,  reflexology pathway, nursery and a caferera.

90% of the units in the 1^st block have been taken up while the 2nd block is now open for registration. The purchasers of the units are mainly made-up of upgrading families, young couples and first time buyers.

The group’s flagship project, the RM3 billion waterfront development located  on a 75-acre freehold land in Penang Island, comprising of condominiums, corporate suites, corporate officers, service apartments, hotels and a shopping mall touted to be the largest in the northern region have been almost all sold out.

CP group’s latest project on Penang Island, Bay Capital comprising of office suites  has achieved a 60% take-up rate. The group would soon be launching a high-end niche residential project comprising of 86 units of three (3) storey waterfront and garden villas priced at from RM3.5 million to RM5 million, is targeted to be completed in 2010. Future projects  include the RM150 million Queen’s Wharf comprising of 150 service apartments with built-up area of 800 square feet to 1500 square feet and the RM1 billion integrated commercial precinct with retail outlets, a 5 star hotel, office towers, service residences, F & B outlets and a waterfront promenade.