SERI KEMBANGAN: Property developer Hua Yang Bhd, which is targeting sales worth RM500mil within its current financial year ending March 31, 2017,  will be launching its newest offering, Astetica Residences, by this quarter.

Hua Yang financial controller Joe Tan said the launch of the mixed development at Seri Kembangan will help the company achieve its sales target for this year.

In a briefing today, he said the Astetica Residences development, which has a gross development value (GDV) of RM368mil, starts from RM412,920.

The company is tapping the affordable-range of properties and the project is targeted primarily at first-time buyers.

Hua Yang will be launching RM721mil in projects within its current financial year.

The projects will be located within the Klang Valley, Johor, Perak and Penang.

The company has total undeveloped land bank of 517 acres with potential GDV of RM4bil.