KUALA LUMPUR: Mah Sing Group Bhd has sold all 92 units of 3-storey shop offices at its Star [email protected]’Sara project in Sungai Buloh with sales reaching RM242.5 million during the recent weekend launch on April 23-24.
Mah Sing’s Chief Operating Officer, Andy Chua said in a statement on April 26 that the launch attracted over 800 prospective buyers.
“We have been quite confident that Star [email protected]’Sara shops would be well received based on its strong potential but a 100% take-up rate on the first sales launch event weekend has exceeded our expectations and was a pleasant surprise,” he said.
The shop office unit built-ups range from 5,400 sq ft and priced from RM2.2 million. The development sits on 17.82-acres of leasehold land. The development has wide frontage from 24ft by 75ft to 30ft by 75ft. The shop offices also have high floor-to-floor height of 22 ft for the ground floor, which is suitable as a mezzanine floor.
The development also features 10-ft wide corridors and walkways while sporting a modern design with a contemporary lifestyle concept. There are more than 1,500 parking bays.
Mah Sing believes Star [email protected]’Sara would be a shopping hotspot with an estimated catchment of 360,000 people within a 15-minute drive.
The project located at the busy traffic junction of Jalan Sungai Buloh (Guthrie Corridor), Persiaran Cakerawala and Jalan Lapangan Terbang Subang is only 3 minutes from a proposed MRT Station in Taman Industri Sg.Buloh.
“We can tap on the 13,000 students at the proposed new Help University College-Subang 2 Campus. This project is also adjacent to the much talked about 3,300-acre Rubber Research Institute of Malaysia (RRIM) privatization land to be developed by EPF. Buyers are obviously optimistic of the RRIM land potential,” said Chua.
He added that in view of the overwhelming response, Mah Sing is opening 46 units of the Avenue Street Mall retail lots, part of Star [email protected]'sara development, for registration.
The Avenue Street Mall will offer 370,000 sq ft of nett lettable area (NLA) spread over four levels. The developer intends to keep approximately 60% of the space to ensure the right tenancy mix to maximize the rental yields and increase capital appreciation.
The proposed tenancy mix includes F&B outlets, a supermarket, IT and tele- communications center, bowling alley, fashion and accessories stores.
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