A-Smart Holdings Ltd. announced the launch of its Timor Marina Square, a mixed development property in Timor-Leste. A consortium consisting of A-Smart Property Holdings Pte Ltd, a wholly owned subsidiary of the Group, Vico Investment (Timor) Pte Ltd. and Elegant Marble Group Unipessoal LDA was formed to develop the Project. The Project has an estimated Gross Development Value of USD 85.0 million and it is expected to be completed in 2025.

The Group held a groundbreaking ceremony on 17 May 2022 which was well-attended by more than 120 guests. Prime Minister of Timor-Leste, H.E Taur Matan Ruak, together with eight Ministers, officials from government agencies and an influx of investors, media and industry influencers converged to witness the launch of the potential game-changer to the Timor-Leste's property industry. Timor Marina Square, an eye-catching development is located in the heart of the city centre along a prime coastal area of Lecidere.

The Project site, comprising an area of over 3,200 square meters freehold land, is in a vicinity located within a stone's throw from important buildings, foreign embassies and government offices. The Project, comprising two towers of mixed development properties (23-storey and 19-storey respectively), comprising retail and commercial (13 units), office (49 units), serviced apartments (105 units) and luxurious residential apartments (157 units) is well-poised to become the iconic landmark in Timor-Leste, owing to its peculiar architectural structure and state-of-the-art designs. In addition, the Project combines architectural designs with lush greenery weaved across the concrete landscape, creating a garden city ambience and further enhancing its credential as a Clean and Green project.

Visitors can enjoy a breath-taking sea view and also have a glimpse of the famous mountain landscape - Cristo Rei from Timor Marina Square. This area will be transformed into the vibrant lifestyle destination, attracting not only holidaymakers but also business travellers who are attending meetings, conferences and seminars. Office Tower; The lower floors of the Office Tower comprise 6 units of 3 storey shophouses that can be used for retail and commercial use where international brands will be invited to become anchor tenants.

This is followed by another 2 levels of commercial space that are adjoined to the carpark in the Residential Tower. Level 6 is also where the common facilities such as the infinity pool, clubhouse and gym are situated. The upper levels of the Office Tower consist of 7 storeys of office units, which are designed to accommodate for government offices and multinational corporations (MNCs) to station their headquarters, followed by 5 storeys of luxurious serviced apartment hotel equipped with aesthetically pleasing sky garden at the roof level, which will house high-end restaurants and conferencing facilities with panoramic views of the ocean and overlooking the Cristo Rei mountains to the East.