CPI Land signs RM228 million Financing Facilities with AmBank for 3 development projects in Kuala Lumpur

KUALA LUMPUR, Aug 23 (Bernama) -- AmBank Group has granted RM228,000,000 financing facilities to TNJ Development Sdn Bhd (subsidiary of CPI Land) to part finance the development costs for 3 of its latest real estate projects in Kuala Lumpur. These include Tuan Heritag3 located in Segambut which is expected to be completed in the 4th quarter of 2028, and 2 more upcoming real estate projects in Bukit Permata and Selayang Mulia, both under other subsidiaries of the company, namely CPI Mulia Sdn Bhd and CPI Asset Sdn Bhd respectively. The signing ceremony took place at Tuan Heritag3, a 45-storey tower comprising 1,269 units of Serviced Apartments and the third chapter in the signature Tuan Series development by TNJ Development.

As part of the bank’s support towards financing affordable real estate developments, particularly in prime urban areas, this marks the 6th project in which the bank has financed for CPI Land, the first being in 2011. To date, CPI Land has launched 8 developments concentrated in Klang Valley with a GDV close RM2.2 billion. Their projects also continue to place emphasis on affordability, targeting low to medium income group homebuyers.