Home › Business › Business News
Monday, 30 September 2013
Overwhelming response: Southville City@KL South will be home to 17,500 people when completed
SERI KEMBANGAN: Property-based Mah Sing Group Bhd (Mah Sing) has launched its Southville City@KL South sales gallery last Saturday.
Following the launch, a private balloting for registrants of Savanna executive suites, phase one of Southville City@KL South was held, which saw 1,068 units of Savanna executive suites worth RM351mil pre-booked in eight hours of the balloting event.
More than 2,500 guests turned up for the event. Present to launch the event was Mah Sing chairman, Gen (R) Tan Sri Yaacob Mat Zain, executive director Datuk Lim Kiu Hock and chief operating officer for marketing and sales, township residential James Bruyns.
Mah Sing, in a press statement, said the the first phase of its largest township so far, Savanna executive suites, offers freehold three-bedroom suites with built-up from 956 sq ft and indicatively priced from RM280,000.
The units have upgraded features of two carpark bays, four units of air conditioners, two water heaters and two shower screens.
Phase 1B comprising 766 units in Tower B1 and B2, was 90% booked and due to the overwhelming response, Phase 1A, which also has 766 units in Tower A1 and A2, was opened later in the day. This phase was 50% booked within the same day.
In view of the keen interest, Mah Sing intended to open two more towers and the Lifestyle Retail Lots @ Savanna with an indicative price from RM1.3mil which would also be available for pre-selection next week.
“Savanna Executive Suites is the first phase of Mah Sing’s Southville City @ KL South. One of our largest township projects, Southville City@KL South meets market demands for affordable housing for the middle-income group yet offers that special touch of class and distinction in each component of the township,” said Yaacob.
“The keen interest shown in our property signifies the trust and support the public has on Mah Sing Group and its products,” he added.
The 428-acre Southville City@KL South with the estimated gross development value of RM5.15bil is accessible with the proposed direct interchange from the North-South Highway and only 30-minute drive from the KL city centre.
Yaacob noted, “The development concept of Southville@KL South is ‘connectivity’, which forms the framework for an exciting communal living environment.
“We are making this integrated township ‘walk-friendly’ with a 13km pedestrian footpath-cum-bicycle track that connects the entire neighbourhood. There will be a riverside walk, nature trail and even a nine acres urban park.”
Upon completion, Southville City@KL South will be home to 17,500 people and provide seamless and rounded lifestyles for different family sizes. Upcoming phases will have properties for the upgrader market like linked semi-D, semi-detached and bungalows.
Mah Sing plans to build close to 70% of the residential component at below RM1mil per unit to meet the strong market demand for bread and butter properties.
Property developer unveils new sales gallery in Shah Alam
Condo project boasts of an award-winning design with fabulous facilities
Carnival-like bash south of the city
Mah Sing still a top pick
Higher profit for Mah Sing as unbilled sales hit RM5.26bil
Bankers remain positive on capital raising
Your highest calling
Withdrawal from container cargo ops to benefit Sarawak shipping firms including Syscorp
Nestlé rewards consumers with biggest promotion ever
The great South Australian adventure
Living away from Malaysia can trigger a lot of different longings
Republicans see Obama as more imminent threat than Putin - Reuters/Ipsos poll
No more 'Downton Abbey' after S6 but there might be a spinoff
Hayatun kicking her way to stardom
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)