AmBank Group has extended RM228 million in financing facilities to TNJ Development Sdn Bhd, a subsidiary of CPI Land, to support the development of three new real estate projects in Kuala Lumpur.
These projects include Tuan Heritag3 in Segambut, which is expected to be completed in the fourth quarter of 2028, and two additional projects in Bukit Permata and Selayang Mulia. The latter two projects are under CPI Land's other subsidiaries, CPI Mulia Sdn Bhd and CPI Asset Sdn Bhd, respectively.
This development marks the third chapter in the Tuan Series by TNJ Development, known for its blend of colonial-era inspiration and modern amenities.
This partnership with CPI Land marks the sixth project AmBank Group has financed for the company since 2011. To date, CPI Land has launched eight developments in the Klang Valley with a Gross Development Value (GDV) nearing RM2.2 billion. The company's projects focus on providing affordable housing options targeted at low to medium-income homebuyers.
CPI Land's Chairman, Chung Shan Tat emphasised CPI Land's dedication to delivering high-quality and affordable homes. "At CPI Land, we are proud of our track record in successfully launching multiple developments that have redefined the standards of quality and affordability in the housing sector.
This partnership is a natural extension of our mission to change the landscape of the property market by providing homes that are both aesthetically pleasing and affordable. Our latest development, Tuan Heritag3, is a prime example of that."