Selangor Properties Bhd Awards Main Contract for AIRA Residence to Grand Dynamic Builders Sdn Bhd
KUALA LUMPUR, 8th August 2017 – Well established-property developer, Selangor Properties Berhad (SPB) has awarded Grand Dynamic Builders Sdn Bhd (GDBSB) the main building contract for its ‘AIRA Residence’ development, located at the peak of Jalan Batai, Damansara Heights.
The AIRA Residence project, which was launched in October last year, represents SPB’s comeback to major urban development following an absence of over 15 years. The luxury condominium development, which is achieving average selling prices of RM1,700 per square feet, is due for completion in late 2020.
The AIRA Residence site represents the last and most prime residential parcel remaining from SPB’s initial holding of 1,000 acres of Damansara Heights land. The company still has over 30 acres of land available for commercial and mixed-use development, giving it a long-term pipeline of major project opportunities.
GDBSB was awarded the contract following a comprehensive tender process that sought to find a main-contractor capable of delivering the quality of construction and safety standards SPB demands for its high-end project. The RM400+ million contract involves nearly one million square feet of gross building area over 17 levels atop a 4-storey podium car park.
The awarding of the superstructure contract follows the successful completion of substructure work by Geohan Sdn Bhd.
Grand Dynamic’s project portfolio includes KL Eco City (Parcel B), One Central Park, Westside III, and currently, Etiqa Tower.
Speaking at the official signing ceremony held at the AIRA Residence Marketing Gallery, SPB’s Chief Operating Officer, Mr Chong Koon San commented that: “SPB was meticulous in its selection process as we needed to ensure that the chosen contractor could deliver a project demanding the very best in construction methods and quality of finishes. We are proud to be working with GDBSB; a contractor that is compiling a growing track record for delivering projects on-time and on-budget whilst not compromising on safety and meeting high-quality standards. This is shown by their ability to achieve excellence under both the CONQUAS and Qlassic scorecard systems.”
Also attending the Opening Ceremony was SPB’s Director of Property - Mr Brian Newman; Director of Finance - Mr Lee Tart Choong; Managing Director of GDBSB - Mr Cheah Ham Cheia; and Executive Director of GDBSB - Mr Alexander Lo.
“We are excited to be awarded this major contract, and to play an instrumental part in SPB’s return to major urban development. We believe our philosophy of safety, quality, and operational excellence will help realize SPB’s exciting vision for AIRA Residence,” said Cheah.
Combining European aesthetics, Asian functionality, and best-of-class sustainability principles, AIRA Residence is designed to be the epitome of luxury living, offering residents a world of privacy and serenity with its offering of 154 units across three-acres of land. The design of the development involved three world-renowned designers, namely Dutch interior designer, Piet Boon from Studio Piet Boon; landscape architect, Franklin Po from Tierra Design, Singapore; and principal architect, Alen Nikolovski from the international design firm, AEDAS.
With built-ups ranging from 2,679 to 7,730 square feet – AIRA Residence offers a limited opportunity to own a luxury sky-home in the prestigious neighbourhood of Bukit Damansara with expansive views of the city skyline.