Kuchai Entrepreneurs’ Park shop offices bring in RM150mil sales

South Malaysia Industries Bhd has netted about RM150mil in sales from the recent launch of its Dynasty 2 and Dynasty 3 shop offices in Kuchai Entrepreneurs' Park in Kuala Lumpur. 

All 54 units of Dynasty 2 shop offices launched three months ago had been sold while 85% of Dynasty 3 shop offices or 125 out of 152 units had been sold by Nov 12. Sales of Dynasty 3 units alone amounted to RM96mil. 

According to SMI executive director Leow Thang Fong, many of the purchasers are locals who like to operate their businesses in a well-established neighbourhood with residents from OUG, Happy Gardens, Kuchai Lama, Taman Desa, Desa Petaling, Sri Petaling, Bukit Jalil, and Seri Kembangan.  

He said Dynasty 2 comprised 32 three-storey units (25ft x 75ft) priced from RM918,000 each and 22 units of 4½-storey priced from RM1.35mil each. It has a gross development value of RM60mil. Piling and earth works have already started. 

There are also two eight-storey corner office buildings in Dynasty 2 for sale at RM9.3mil each. 

SMI marketing manager Matthew Ng with a model of Dynasty 3 shop offices in Kuchai Entrepreneurs Park in Kuala Lumpur.

“Each of them with about 50,000 sq ft has 20 parking bays each in the basement,” he said. 

The last commercial development in Kuchai Entrepreneurs' Park, Dynasty 3, has a gross development value of RM120mil. It comprises 14 blocks of 81 units of 22ft x 75ft two-storey shop office and 71 units of three-storey shop office on 12.9 acres leasehold land. They have contemporary facades with spacious layout plans. 

A strong selling point is its proximity to the junction of Jalan Kuchai Lama and near to the entrance of the North South Expressway, Seremban Highway and New Pantai Expressway.  

Related Story:SMI to focus on 2 core businesses 

Stock Watch On SMI

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Business News

CPO futures trading to remain range bound next week
Advisory panel unanimously recommends FDA authorize Johnson & Johnson COVID-19 vaccine
GameStop rally fizzles; shares still register 151% weekly gain
NYSE begins move to delist Chinese state oil producer CNOOC
Oil price drops on US$ strength and OPEC+ supply expectations
GLOBAL MARKETS-Globals stock slide on inflation fears
AMMB says it has enough capital to absorb 1MDB global settlement�
A five-year high for FGV Holdings
AMMB to pay RM2.83bil to the government
IHH to take proactive measures

Stories You'll Enjoy