MRCB Land announces RM384mil GDV residential project in Kwasa Damansara City Centre


An aerial view of Kwasa Damansara City Centre

KUALA LUMPUR: MRCB Land Sdn Bhd has announced its first residential project in Kwasa Damansara City Centre (KDCC), named Tujuh Residences.

In a statement, the developer said the to-be-developed project will be a neo-urban city by design that aims to be smart and sustainable.

The project will feature a 94-acre integrated development that will feature world-class infrastructure, including retail spaces, offices, civic centres and residential components.

Tujuh Residences is a 29-storey development comprising 573 serviced residences with a gross developmental value (GDV) of RM384mil, ranging from one- to three-bedrooms and dual key units.

“We are excited to roll out our first residential project using MRCB Building System, our proprietary modular construction technology which is a faster and a much more sustainable construction method, and we look forward to exploring more opportunities to apply this technology to all our future residential developments”, said Wong Hong Yeong, vice-president of commercial, sales and marketing, MRCB Land.

According to Malaysian Resources Corp Bhd group chief operating officer Kwan Joon Hoe, Tujuh Residences is poised for high capital growth as the development of KDCC progresses in the coming years.

"Our experience in developing Kuala Lumpur Sentral and the data depicted from other city centre developments show that commercial developments drive the success of any Central Business Districts (CBD).

"KDCC, being the new CBD for the 2,257 acres of Kwasa Damansara township, will be no exception as 56% of the entire development is dedicated to commercial development, with only 13% of the entire city centre earmarked for residential components," he said.

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