Higher GDV for Mah Sing's Southville City

Publish date: Mon, 02 Jun 2014, 03:34 PM
KUALA LUMPUR: Mah Sing Group Bhd announced an increase in gross development value (GDV) for Southville City@KL South in Bangi to RM8.3 billion from the preliminary RM5.13 billion.
The leading property developer attributed the higher GDV to the recently approved township masterplan, which includes a 2km stretch of commercial development fronting the North-South Expressway.
The take-up rate for phase one of Southville City has been very encouraging with over 90 per cent of four towers Savanna Executive Suites sold out.
"The fifth tower, Tower C2, is newly open for sale following the encouraging response from the first four towers," said Mah Sing in a statement today.
Meanwhile, the commercial component, Savanna Lifestyle Shops, comprising two-storey shop offices with built-up starting from 2,461 sq ft priced from RM1.44 million is already 40 per cent sold.
Southville City is a 428-acre (173ha) freehold township.-- Bernama

Labels: MAHSING

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mannyg

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2014-06-03 11:07

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