China-based Agile to launch RM1.4bil project in Mont’Kiara

Agile Real Estate Development Sdn Bhd is set to launch its residential project valued at RM1.4bil on a 4.05ha site in Mont’Kiara on Jan 9.

The project Agile Mont Kiara, consisting of 11 towers of low- and high-rise structures, was scheduled for completion in 2019, it said in a statement on Tuesday.

Agile Real Estate Development is a wholly-owned subsidiary of Agile Property Holdings Ltd, a leading integrated property developer in China.

Agile Property Holdings is listed on the Main Board of the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Composite Index.

Agile said the 4.05ha land was acquired from PJ Development Bhd, which has a 30% stake in the international project, which is Agile group’s first outside China.

The group has over 90 projects in its diversified portfolio. - Bernama