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.
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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.
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