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Monday, May 12, 2008

Magna Prima’s first tower units sold out in a week

SHAH ALAM: Magna Prima Bhd has within a week sold all 205 units in the first residential tower of its RM135mil mixed development, U1 Shah Alam.

Lim: "The integrated development was the first of its kind in Shah Alam."

Executive director and chief executive officer Lim Ching Choy said this was the fastest take-up for the company's projects to date, most probably because the integrated development was the first of its kind in Shah Alam.

“Following this record sales, we target to sell all 173 units in the second residential tower within the next two months,” he said at the official launch of the residential towers last week.

The company plans to launch the office tower next month.

The project spans 4.78 acres in Shah Alam's Section U1 located at the intersection of the Federal Highway, North-South Expressway and the Batu Tiga Shah Alam bypass.

Construction will begin next week for completion by mid-2011.

Lim said Magna Prima also planned to launch its RM730mil mid- to high-range retail, commercial, office and residential development at Jalan Kuching, Kuala Lumpur, in July.

“This five-in-one project on 10.23 acres includes serviced apartments, a boutique hotel and a retail mall. The serviced apartments are open for buyer registration next month,” Lim said.

Magna Prima also has three ongoing projects in the Klang Valley – The Avare, a luxury condominium in the KL City Centre; Magnaville condominium in Selayang and Dataran Otomobil commercial development in Shah Alam.

By The Star

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