Whoever said the Malaysian Property markets were being sluggish are obviously not updated with the property news and updates. Let me bring your attention to a recent property launch in Sungai Buloh area last month... of which, a very prominent developer sold out all its units during the launch. =)
MAH Sing Group Bhd registered sales of RM242.5mil during the launch of Phase 1 and 2 of Star Avenue@D’Sara in Sungai Buloh recently. The launch attracted more than 800 prospective buyers and all 92 units of the three-storey shop offices, priced at an average of RM2.6mil, were snapped up.
The Avenue Street Mall offers 370,000 sq ft of nett lettable area spread over four levels, and the Mah Sing Group intends to retain approximately 60% to ensure the right tenancy mix to maximise rental yields and increase capital appreciation. The proposed tenancy mix includes F&B outlets, a supermarket, IT and telecommunications centre, bowling alley and fashion and accessories stores. With an estimated catchment of 360,000 people within a 15-minute drive and more than 300,000 commuters passing by daily Star Avenue@D’Sara is poised to be a shopping hotspot. Ample parking space is available with more than 1,500 bays on the ground floor and basement level allocated to cater to the expected influx of shoppers.
The project is also only three minutes from the proposed MRT Station in Taman Industri Sg Buluh and strategically located at the busy traffic junction of Jalan Sungai Buloh (Guthrie Corridor), Persiaran Cakerawala and Jalan Lapangan Terbang Subang. Star Avenue@D’Sara will also be able to bank on the 13,000 students at the proposed new Help University Collegue-Subang 2 Campus, via Persiaran Cakerawala which is currently being upgraded into a six-lane road. This project is also adjacent to the much talked about 3,300-acre Rubber Research Institute of Malaysia (RRIM) privatisation project to be developed by EPF.
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