PETALING JAYA: MCT Bhd has proposed to acquire three contiguous parcels of freehold residential land totalling 3.9 acres in Taman Desa, Kuala Lumpur for RM64.6mil.
In a statement, the property developer said the land was strategically situated at the fringe of Kuala Lumpur’s central business district in a matured and affluent neighbourhood with readily available public amenities and infrastructure with excellent connectivity within the vicinity.
It is located three kms from Mid Valley Megamall and approximately 11kms from Kuala Lumpur City Centre and is accessible via Old Klang Road, the Federal Highway and the New Pantai Expressway.
In addition, MCT said the land was close to the planned Bandar Malaysia project, an integrated transit-oriented development.
“Riding on the back of our recent acquisition of the Seputeh land, we are continuing our plans to expand our development footprint in the Klang Valley,” chief executive officer Teh Heng Chong said in the statement.
“The proposed development is expected to be our third instalment of our award-winning Aetas series and is tentatively named Aetas Taman Desa,” he added.
Based on preliminary plans and subject to approval from the authorities, it will encompass 236 units of family-sized condominiums with an estimated gross development value of RM500mil and is planned for launch in 2024.
