January 22, 2009 17:24 PM
RM10mil ECER Gold Coast Development In Pahang
KUALA LUMPUR, Jan 22 (Bernama) -- Gold Coast Kuantan Resort Sdn Bhd, a subsidiary of the STG Group, is investing RM10 million in its first property development in the East Coast Economic Region (ECER).
In a statement today, the company said the development consisting 99 apartment suites, has a view of the South China Sea and provides full hotel services.
STG group chairman Datuk Dr Alex Tan Siong Seng said Gold Coast Kuantan not only offers a beautiful view but also a good return on investment.
The project is expected to be completed by 2010.
Tan said owners can expect a capital appreciation of 40 percent, five years from the date of purchase.
The STG group is targeting to be listed by 2012.
-- BERNAMA
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