PETALING JAYA: A former abandoned project which has been sticking out like a sore thumb in the popular middle and upper-class residential enclave of Kuala Lumpur’s Taman Tun Dr Ismail looks set to be completed soon.
Sources say it is possible for the project, known as Mas Kiara Residences, to be ready by the end of the year or early next year.
Located at the corner of Jalan Datuk Sulaiman just off the Penchala Link, the project is believed to have been in an unfinished state for more than 10 years.
But work on the project is apparently well underway, centered mainly on the interior spaces; hence its progress is not noticeable from the outside.
The white knight is Intan Permata Properties Sdn Bhd that emerged sometime in 2007. The project sits on a 3.35-acre freehold Malay reserved land and buyers must thus be bumiputeras. The land is believed to be owned by a member of the Kedah royalty.
When ready, Mas Kiara Residences will comprise two 16-storey towers offering a total of 242 standard units with three bedrooms and two bathrooms as well as four penthouse suites.
Property consultant James Tan of Raine & Horne International Zaki + Partners says the project is expected to do well due to the excellent location and access to other major parts of the Klang Valley, including to Kuala Lumpur city centre.View the video report in the multimedia section of theedgeproperty.com and read the full story in the Oct 5 issue of City & Country, the property pullout of The Edge Malaysia.