KUALA LUMPUR (March 14): NCT Group of Companies saw all 149 Rumah Selangorku units at its Ion Belian Garden, a white knight development project located in Batang Kali, Selangor, sold out within five minutes of launch.
In a statement on Sunday (March 13), the group said its property development subsidiary NCT Platinum Sdn Bhd’s project was previously known as the Genting Valley project comprising 665 bungalow plots over five phases, which was abandoned for almost 17 years by the initial developer.
NCT said it was tasked with reviving the development, marking this as its third large-scale revival project, previously having completed the largest abandoned housing development project in Malaysia at Bandar Baru Salak Tinggi and the largest abandoned project in Pahang known as the Genting Highlands Billion Court.
It added that the development of Ion Belian Garden, which is set to be the largest township in the northern part of Selangor, is conceptualised as the city’s eminent residential and commercial.
NCT group managing director Datuk Sri Yap Ngan Choy said the company’s appointment to revive the 105 acres of prime land demonstrates its strength in the field, particularly with its experience in recovering some of the largest abandoned projects in Malaysia.
“We are encouraged by the overwhelming response with all 149 Rumah Selangorku units sold out within five minutes of launch.
“With a gross development value in excess of RM37 million, this marks an excellent beginning for Ion Belian Garden and solidifies the strong proposition offered by our development.
Yap said the pricing of each unit ranges between RM442,000 to RM676,200 for Precinct A, RM512,000 to RM691,700 for Precinct B, RM562,000 to RM646,400 for Precinct C, RM250,000 to RM296,700 and RM758,000 to RM801,300 for Precinct D and E respectively.
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