Malaysian property developer Magna Prima Bhd is expecting to launch a series of property developments until next year, including the upcoming Alam d’16, a low-density residential project in Shah Alam.
The company said the launch of Alam d’16 will boost its share in the residential property market in Selangor.
With a gross development value (GDV) of approximately RM80 million, Alam d’16 comprises 117 units of two-storey link residential units which encompasses ten acres of land. It will be one of the several gated and guarded residential communites in the area.
“The development is located at the heart of a growing commercial district, and also offers excellent rental potential fuelled by growing presence of mid-management level tenants,” said Yoong Nim Chee, chief executive of Magna Prima.
“We are currently at the drawing board finalising plans for our other upcoming residential developments in Bukit Jalil and Selayang and working closely with the architects to bring our ideas to life,” he said.
He added that on the commercial property front, “We will be opening our office suites along Jalan Kuching for early registration soon.”