KUALA LUMPUR (July 29): Titijaya Land Bhd (KL:TITIJYA) unveiled its latest serviced apartment development called The Ria last Saturday (July 27), according to a press statement on Sunday.

The Ria is a 63-storey development with a total of 752 units in two- to three-bedroom configurations and built-ups ranging between 650 to 800 sq ft. With a gross development value (GDV) of RM588 million, the project is priced from RM685,000.

As the second phase of Riveria City, a transit-oriented development (TOD) jointly developed by Titijaya and Prasarana Integrated Development Sdn Bhd, The Ria is located in KL Sentral, Kuala Lumpur.

In the same statement, Titijaya also announced the completion of the first phase of Riveria City — The Riv. The 54-storey development has 784 office suites and is fully sold. It has a GDV of RM374 million.

“We are thrilled to announce that we have achieved a 100% take-up rate for The Riv, along with the successful completion of the tower building. The Riv’s commercial success reflects the market’s strong appetite for high-quality, prime real estate in Kuala Lumpur, as well as a high level of confidence in the future of Riveria City,” said Titijaya group managing director Datuk Lim Poh Yit in the statement.

“In addition, we are highly encouraged by the considerable interest we received during Saturday’s preview of The Ria. This has given us further conviction that Riveria City will be one of the most successful TOD projects in Kuala Lumpur CBD,” Lim added.

Furthermore, Titijaya has also signed a memorandum of understanding (MOU) with Maybank on Saturday to offer a financing solution called Maybank MyDeco Financing to its homebuyers.

Maybank Group head of community financial services Malaysia Datuk Hamirullah Boorhan said: “We are delighted to announce our collaboration with Titijaya, introducing the Maybank MyDeco financing scheme to prospective homeowners.”

He added that Maybank MyDeco financing provides new homeowners with additional liquidity and immediate access to funds for their home interior design, including furniture, appliances, aesthetic, decorations and more.

“The Maybank MyDeco financing exemplifies our commitment to Humanising Financial Services, by providing the right solutions to address all segments and needs of our customers in providing a comprehensive home ownership solution beyond our banking offerings,” Hamirullah said.

Under Maybank MyDeco Financing, homebuyers are able to obtain home financing of up to 90% of the property value and an additional 30% (up to RM250,000) financing for interior design. The duration of the financing will take up to 10 years or until the age of 70 and it is available as a conventional loan or Islamic financing for existing Maybank and Maybank Islamic Home Financing customers.