Katana launching second KL project

April 15, 2008
Katana launching second KL project
Katana II tagged at RM1,600-1,900 psf, double price of first project
in 2005

BOUTIQUE firm Katana Developments, which is linked to Oriental
Holdings chairman Loh Cheng Yean, will launch its second residential
project in Kuala Lumpur at RM1,600-1,900 (S$687-815) per square foot.

This represents an increase of about 100 per cent over its first KL
development in 2005.

Katana director Sherman Lim said: 'High-end properties in Kuala
Lumpur have easily more than doubled since 2005.'

Pointing out the crucial difference between developing property in
Singapore and Malaysia, Mr Lim said that in Singapore, land costs
typically accounts for up to 70 per cent of the investment costs
while in Kuala Lumpur, it might be as little as 20 per cent.

This is why location alone is not the only distinguishing factor in a
Kuala Lumpur property.

'You can have two properties side-by-side and yet they could be very
different, depending on the design and construction,' added Mr Lim.

For Katana II, the developer engaged award-winning Singaporean firm W
Architects to undertake the design. This is in line with the
company's credo of, 'doing something more design-driven'.

Located in Kuala Lumpur's 'embassy row', Katana II will have 40
units, comprising a mix of townhouses, triplexes, duplexes and lofts.
Of these, there will be six penthouses with private lap pools.

Another award-winning Singapore firm, SCDA Architects, designed the
30-unit Katana Residences, which is now fully taken up after the
developer sold the remaining 10 units it held for investment last
year for RM1,400-1,700 psf.

Meanwhile, in the pipeline is The Boulevard Katana in Penang,
expected to be launched in the third quarter of the year.

EastLiving.com.sg

Contact Stuart Chng: (65) 9691 9907
Email: stuart.chng@eastliving.com.sg

EastLiving - Singapore Property and Real Estate DB