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.

Thursday, February 17, 2011

MRCB to develop luxurious high-rise project with GDV of RM300mil

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) plans to develop a luxurious high-rise project with an estimated gross development value (GDV)of RM300mil in Jalan Kia Peng here.

In a statement today, it said the group had purchased a one-acre tract of prime land for the project on Jan 7.

The project, slated to be developed over three years would be set alongside established, luxurious service residences within the general neighbourhood of the Kuala Lumpur City Centre.

Chief executive officer Datuk Mohamed Razeek Hussain said although the land status is leasehold, the prime location and scarcity of land at this posh area as well as its proximity to numerous world-class facilities and amenities would make the new development ideal for luxury residences.

“Our experienced in mix commercial urban development involving high-rise residential towers in Kuala Lumpur Sentral and our constant access to market trends will enable us to inject new ideas that will ensure a project that is specially designed and will stand out in KLCC,” he said.

By The Star

No comments: