Taking the TOD plunge
Joseph Wong | 31 May 2019 00:30
Embarking on new ventures is always challenging but OSK Property Holdings Bhd is taking it in its stride with its maiden integrated transit-oriented development (TOD) project, You City III.
In fact, the response is so encouraging that the property developer is contemplating looking for land near mass rapid transit (MRT) and light rail transit (LRT) stations to build more TODs.
Its freehold You City III, which has a gross development value (GDV) of RM488 mil, was launched in May and saw an impressive take-up rate of 70% amidst the soft property market.
“A product in the right location and if you price it right, the demand is still there,” says OSK Property CEO Ong Ghee Bin.
“Despite the current economic conditions, people still need properties. They still need a home to live in,” he says.
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