KUALA LUMPUR (July 11): Mah Sing Group Bhd’s upcoming launch of Cerrado Residential Suites at Southville City, Bangi, has attracted 7,500 registrants, due to the “compelling” prices of the units which largely fell below RM500,000, said chief sales officer James A Bruyns.
The project, set to be launched on July 30, was open for registration a few months ago, and received good response from the market, he told reporters.
“Registrants are an indication of interest. While there is no guarantee whether they will buy or not, the interest is there. So far, we’ve generated about 7,500 registrants,” he said.
Cerrado Residential Suites follows the launch of Savanna Executive Suites — which is almost fully sold — and caters for strong market demand, Bruyns added.
“There are more people looking for smaller and affordable units, so we came up with Cerrado, which comprises 656 and 825 sq ft of units,” he explained.
The selling price of most of the units are below RM500,000. For Bumiputera buyers, prices are RM360,000 onwards, and RM380,000 onwards for non-Bumiputera buyers.
The maintenance fee is 30 cents psf.
The freehold Cerrado Residential Suites will offer four towers of residential suites with a total of 1,616 units.
Each tower has 35 storeys and comprises 404 units and four lifts. The project also offers 10 units of poolside cabana.
With an estimated gross development value (GDV) of RM832 million, Cerrado Residential Suites is located on a nine-acre parcel within Southville City.
Southville City is a township in Bangi that spreads across 428 acres with an estimated GDV of RM11.1 billion.
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