http://www.thestar.com.my/business/business-news/2016/07/25/mk-land-launches-final-project-in-damansara-damai/

Monday, 25 July 2016

PETALING JAYA: MK Land Holdings Bhd, via its unit Medan Prestasi Sdn Bhd (MPSB), launched sales of the first phase of its ‘Residensi Suasana @ Damai’ condominium development, the group’s final project in Damansara Damai.

Some 65% of the 260 leasehold units on offer in the first phase have been taken up, out of a total of 780 units for the three phases with a total Gross Development Value (GDV) of RM400mil.

MK Land founder Tan Sri Mustapha Kamal Abu Bakar said the Residensi Suasana @ Damai is the final project for the township that began in 1998.

“Today we have proved that the privatisation of housing in Selangor beginning in 1998 has been completed on 161.87ha in Damansara Damai.

“With the Residensi Suasana @ Damai, we have achieved our 1998 target of 19,659 units of houses with a GDV of RM2bil,” he told Bernama after the launch.

A discount of 17% on the normal price of RM450,300 is available for a limited time on Residensi Suasana @ Damai, located about 800m from the Damansara Damai MRT station. The three phases are expected to be completed in 2019.

Mustapha Kamal said at a press conference that MK Land, if given the chance, would be able to replicate its success in providing affordable houses at various price levels in Damansara Damai.

“We have completed various types of affordable houses on target, with prices as low as RM25,000,” he said.

To a question, Mustapha Kamal said applications to change the leasehold status to freehold for houses in Damansara Damai may be forwarded to the state government for consideration.

He also stressed that no commercial development will be allowed in four urban parks covering 16.18ha in Damansara Damai, with more detailed plans to be announced by the Petaling Jaya City Council soon. – Bernama