Naza TTDI seeking Segaris rescue?
Emmanuel Samarathisa | 04 Oct 2019 00:30
Naza TTDI Sdn Bhd might be looking for a white knight to take over the development of an upmar- ket project in Taman Tun Dr Ismail in Kuala Lumpur, sources familiar with the matter say.
The property company has been struggling to complete TTDI Segaris, a 28-storey duplex residences, and the entire project has come to a standstill, one of the sources say. They add that Naza TTDI is searching for a developer to take over the project on the back of tight cash flow.
Naza TTDI told FocusM in an email reply the company is assessing Segaris. “We are currently reviewing the project due to an oversupply under current market conditions,” the company says.
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