MCT targets GDV of RM500mil with Taman Desa lands purchase

KUALA LUMPUR: 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 developer said the land is 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 3km from Mid Valley Megamall and approximately 11km from Kuala Lumpur City Centre and is accessible via Old Klang Road, Federal Highway and New Pantai Expressway.

In addition, MCT said the land is 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 a 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 the preliminary plans and subject to approval from the authorities, Aetas Taman Desa will encompass 236 units of spacious family-sized condominiums with an estimated gross development value of RM500mil and is planned for launch in 2024.

“We are excited with this acquisition as Taman Desa is an exciting, matured and vibrant neighbourhood with an affluent catchment. Nestled in a tranquil enclave within this popular neighbourhood, we intend to introduce a residential development that would appeal to the market with emphasis on family lifestyle, security and green features that would benefit the owners,” Teh said.

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