Fiamma to develop three property projects

Electrical home appliances distributor, Fiamma Holdings Bhd, plans to launch three new property projects this year in the Klang Valley and Johor, with a total gross development value of close to RM500 million.

Chief executive director and group managing director Lim Choo Hong said in the pipeline were two high-rise property projects, dubbed the 'East Parc@Menjalara in Bandar Menjalara and 'Vida Heights' in Johor Bahru with a total gross development value of about RM300 million and RM120 million, respectively.

The 1.21ha East Parc@Menjalara will consist of 432 units while Vida Heights will comprise 247 units of serviced apartments.

"We also have a small-scale landed property project, which will consist of shop houses and link houses, among others, in Kota Tinggi, with a GDV of about RM60 million," he told reporters after the group's annual general meeting and extraordinary general meeting here today. - Bernama