UAE's Tasweek to hand over Malaysia projects

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Tasweek CEO Masood Al Awar.

Tasweek CEO Masood Al Awar.

Abu Dhabi-based property company Tasweek Real Estate Development and Marketing will hand over the first of three towers in its US$81m development in Malaysia this month.

The Haven Lakeside Residences includes three 26-storey towers with a total of 497 luxury units, as well as a swimming pool, club house and running track.

About 85 percent of the units have been sold, Tasweek said.

Most of the buyers are from Singapore, China and Malaysia and the majority intend to retire there, the company said.

Prices ranged from MYR250,000 (US$81,859) to MYR1.41 (US$461,690) and were offered as part of a leasehold agreement over 99 years.

The first of the towers, named Acacia, will be handed over to management early February, with the other two towers – Banyan and Cycas – due to be completed in August.

The residences overlook a 14-storey-high, 280m-year old pre-Jurassic lime rock that juts out of the adjacent lake.

Located in the capital of Perak, Ipoh, the development is a joint venture with Malaysian developer The Haven Company and has won 12 international awards since its launch in 2011.

“For our part, this project is a vital part of our international portfolio and also speaks volumes about our commitment to excellence and responsiveness to the needs of the market,” Tasweek CEO Masood Al Awar said.

“We join our partner The Haven Company in celebrating this milestone and feeling great pride in being part of one of Malaysia’s top developments.

More than 600 guests including His Royal Highness Raja Dr Nazrin Shah Ibni Sultan Azlan Muhibbuddin Shah, The Regent of Perak, and Her Royal Highness Tuanku Zara Salim, The Raja Puan Besar of Perak, will attend a ceremony to mark the completion of Acacia.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Do celebrity branded projects ever work?

Do celebrity branded projects ever work?

The long list of celebrity-endorsed real estate developments...

Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew