Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Friday, May 9, 2008

Magna Prima launches RM135m project

U1 Shah Alam

PROPERTY developer Magna Prima Bhd has launched its latest residential and commercial project, U1 Shah Alam, with a gross development value of RM135 million.

The project, targeted at young urban executives, is located in Section U1, Shah Alam, and comprises twin 16-floor apartment towers and a 15-floor office tower.

Magna Prima’s executive director and chief executive officer Lim Ching Choy said the residential units in Block A were already sold out. Those Block B are now opened for sale.

“The take-up rate is good,” Lim told reporters after the launch of the U1 Shah Alam project today.

The apartment block corridors are designed as bridges to induce daylight penetration and increase natural ventilation for energy-saving and environmental purposes, he said.

It also has facilities such as gymnasium, sauna, 24-hour security car park, children playground, childcare centre, multi-purpose hall, cafeteria and convenience shop.

U1 Shah ALam is located at the intersection of the Federal Highway with the North-South Expressway and the Batu Tiga Puchong bypass.

The 15-floor office tower will house 53 first-of-its-kind small office-home office (SOHO) suites that come with club and office facilities, Lim said.

It is expected to be launched next month and prices are above RM350,000 for each unit, he said.

Among the facilities are gymnasium, jacuzzi, barbeque area, conference room, reflexology path and landscape garden as well as free WiFi access.

On future developments, Lim said Magna Prima is looking at launching a new lifestyle project with a five-in-one concept consisting of lifestyle shops, signature offices and service apartments in Jalan Kuching, Kuala Lumpur.

The project is expected to be launched in July this year, he said.

By Bernama

No comments: