News by EdgeProp.my

Hence, the developer is on track to achieve its sales target of RM2 billion for FY2022, it said in a statement highlighting its 2Q2022 results yesterday. 

It seeks to explore the possibilities in developing five parcels of leasehold land measuring approximately 284.75 acres in Seremban, Negeri Sembilan into the Malaysia Green Valley (MGV).

Noteworthy:

• Freehold

• Built-up: 3,878 sq ft

• Land size: 4,500 sq ft

• Semi-furnished

• Five bedrooms, six bathrooms

• Amenities: Wet market, F&B outlets within walking distance, healthcare institutions, international school

• Accessibility: Middle Ring Road 2 (MRR 2), Jalan Cheras, Jalan Kuari

When: April 2022

Noteworthy:

• Freehold

• Built-up: 5,500 sq ft

• Land size: 8,928 sq ft

• Unfurnished

• Amenities: Nearby commercial shoplots with F&B outlets, public schools, residential apartments and condominiums

• Accessibility: New Klang Valley Expressway (NKVE), Guthrie Corridor Expressway (GCE) and Federal Highway

The company has chosen Penang as its next outlet location as there has been a missing opportunity in the northern state, Cheah was cited saying, noting that the Mitsui Outlet has been gaining traction in the past years from mid-income earners.

Noteworthy:

• Freehold

• Built-up: 1,078 sq ft

• Semi-furnished

• Two bedrooms, two bathrooms

• Facilities: 58m infinity pool, Jacuzzi, kid’s pool, sauna and steam room, gym, dance studio, barbecue terrace, outdoor lounge, and function room with outdoor terraces

• Amenities: Pavilion KL shopping mall, Bukit Bintang shopping belt, Suria KLCC and Prince Court Medical Centre 

When: April 2022

Indonesia-based logistic firm J&T Express announced that it has acquired 30 acres of land in Bandar Rimbayu, Selangor for RM600 million.

Noteworthy:

• Freehold

• Built-up: 3,000 sq ft

• Land size: 1,540 sq ft 

• Unfurnished

• Amenities: Close proximity to educational institutions, supermarkets and Shah Alam stadium

• Accessibility: Federal Highway, New Klang Valley Expressway (NKVE), Guthrie Corridor Highway, Shah Alam Expressway (KESAS) and Jalan Lapangan Terbang Subang; and close to Batu Tiga KTM station

When: January 2022

The partnership seeks to explore ways to address the rising cost of building materials as well as leverage existing platforms in areas of marketing, branding and innovation, said the developer in a media statement today.

The Residensi Idaman Selangorku is a project by PKNS to support the National Affordable Housing Policy.