TAN & TAN Development Bhd, a wholly-owned subsidiary of IGB Corp Bhd, expects its newly launched high-end condominium project, Cendana on Sultan Ismail in Kuala Lumpur, to generate RM270mil in gross sales.

Currently some 40% of the units have been sold, and the company expects the rest to be taken up soon, marketing and sales director K.C. Chong told a press conference in Kuala Lumpur yesterday.

Cendana on Sultan Ismail, a 45-storey condominium block located behind the Renaissance hotel, offers 144 units comprising 2,131 sq ft two-bedroom units to 7,986 sq ft five-bedroom duplex units. Prices range from RM1.2mil to RM3mil, at RM500 to RM630 per sq ft.

Services, such as cleaning, laundry, catering and concierge; are available on a on-demand basis.

''These services differentiate us from our competitors,'' Chong said.

From left: K.C. Chong, BEP Akitek Sdn Bhd's project manager Kam Peck Cheong, IMA Interiro Pte Ltd MD Isabelle Miaja and project manager of Cendana on Sultan Ismail, Raymond Chin.

The Cendana on Sultan Ismail development is expected to be completed by Dec 27.

Tan & Tan Development also has plans for a 125-acre landed property and condominium project in Wangsa Maju, and luxury condominiums on a two-acre lot in Jalan Stonor, Kuala Lumpur.

Source : The Star  18/2/2005