London Stock Exchange-listed Aseana Properties Ltd, expects to earn nearly RM2 billion in gross development value (GDV) from its two luxury projects in Mont' Kiara.

The company, which is 20 per cent owned by Ireka Corp Bhd, said that it plans to launch its first overseas project in Vietnam by year-end. The Vietnam venture, to be developed jointly with a local party, is envisioned to be a mixed development comprising service apartments, office and retail lots.

Aseana is expected to generate RM1.3 billion from the recently launched Seni Mont' Kiara residential resort and RM380 million from Tiffani by i-Zen condominium project. Seni Mont' Kiara and Tiffani by i-Zen are both high-end residential and commercial developments. More than 90 per cent of the total 399 Tiffani by i-Zen units have been sold in the past one year at an average price of RM630 psf.
 
To date, 60 per cent of the project has been completed and should be ready for handover in early 2009.

Seni Mont' Kiara is a 600-unit condominium project which comprises four blocks. Average price is expected to be RM750 psf.

Aseana said that it expects to launch an office development by December this year. It will comprise a 28-storey and 16-storey block with an average price of RM850 psf.