PKNS to accrue RM380m property sales next year

PETALING JAYA: The Selangor State Development Corp (PKNS) expects to accrue RM380mil from the sale of properties next year, said its deputy general manager (administration and development) Md Nasir Md Arshad.

He said the corporation hoped to sell RM342mil in properties this year as demand from the upper-middle class was growing.

“PKNS will continue to engage with potential customers on new projects to be launched next year through a comprehensive awareness campaign,” he told Bernama after the official sale of Kasturi Idaman apartments here on Saturday.

Under the “luxury and comfortable” campaign set for next year, Md Nasir said the corporation aimed to sell 314 residential property units in Alam Nusantara, Shah Alam, with prices starting from RM335,000.

He added that PKNS also planned to offer semi-detached luxury residential units in Kota Damansara with prices starting from RM1.2mil.

Earlier, Md Nasir said the Kasturi Idaman project, launched in June 2007 and scheduled for completion in March 2010, would have a gross development value of RM42mil. “Eighty five per cent of the project is completed and everything is on schedule.” he said.

By Bernama