BY KELLY TEY
Kojima believes both developers share the same business values, which will ensure the projects joint success.
IOI RESORT City is adding a precious new commodity to its township development in Putrajaya.
Known as The Gems, the high-end residential project will be jointly developed by IOI Properties Group Berhad (IOIPG) and Mitsubishi Jisho Residence Co Ltd (MJR) in their first collaboration.
IOIPG chief executive officer Lee Yeow Seng said the company holds in high esteem the partnership with MJR, which is a wholly-owned subsidiary of Mitsubishi Estate Co Ltd.
Mitsubishi Estate Co Ltd is one of the pioneers in Japan’s property industry with a proven track record.
Teh (right) giving an overview of the entire IOI Resort City during the press conference held at the Le Meridien Putrajaya.
“The Mitsubishi team is dedicated and highly result-oriented; they are strong in customer engagement, incorporating customer feedback in its developments that are in harmony with its surroundings.
“These are strengths that will complement IOI Properties Group in its efforts to create architectural masterpieces that blend in with IOI Resort City and its world-class city conveniences,” Lee pointed out.
Mitsubishi Estate Asia Pte Ltd managing director Shojiro Kojima believes both developers have similar outlooks in property development.
“There is good chemistry and we have the same values in doing business. Back in Japan, we also have a similar township development,” Kojima said.
Scale model of The Gems IOI Resort City. It will have eight residential blocks encompassing 676 units in total, with sizes ranging between 1,250sq ft to 1,750sq ft.
“Our team would like to contribute to this project for the better, and as we work together now, we look forward to taking this partnership further, perhaps into future projects,” he added.
With its location, accessibility and conveniences from within the IOI Resort City, Lee said The Gems would be an ideal property choice for discerning homeowners.
“They will be buying into a mature, lush-landscaped and sustainable development within the township.”
IOIPG property development chief operating officer Teh Chin Guan said The Gems will have eight residential blocks over a land size of approximately 3.9ha.
There are 676 units in total, with sizes ranging between 1,250sq ft and 1,750sq ft.
“Among some of the project’s highlights are the 1.4ha environmental deck, a fibre optic light pool, 600m of jogging paths as well as private lift lobbies and private garages for select units,” said Teh.
With the concierge services, resort environment and adjacent amenities, Teh said the development will also benefit the market’s retiree or small family segments.
Work for The Gems is scheduled to commence within the year and will be completed over the course of four years.
The project will be undertaken by Pine Properties Sdn Bhd, a 99.8% owned subsidiary of both IOIPG and MJR.
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