Developer launches its first affordable luxury apartments


(From left) Mayland sales and marketing senior manager Mayline Chua, Woo and Mayland senior general manager Steven Wei standing next to a model of Hampton Damansara comprising two 43-storey towers.

MALAYSIA Land Properties Sdn Bhd (Mayland) launched its first project in over three years last Friday, unveiling the Hampton Damansara serviced apartments at its show gallery in the 8trium building in Bandar Sri Damansara.

The Hampton Damansara serviced apartments, with a gross development value of more than RM700mil, is a 700-unit residential development in Country Heights Damansara off the Damansara-Puchong Highway (LDP).

Mayland managing director Datuk Kevin Woo said the philosophy behind Hampton was the concept of “luxury made affordable”.

“This is our first affordable luxury serviced apartment project, we are not near Country Heights Damansara. We are in Country Heights itself,” said Woo, emphasising the development’s address.

Hampton Damansara will be located within two 43-storey towers built on 1.29ha land, with a 6,503sq m lifestyle floor for 46 sports, leisure and entertainment facilities.

The majority of the unit sizes will be allocated to 2+1 bedrooms and 3+1 bedrooms, with built-up areas measuring 85sq m to 125.5sq m respectively.

The units will be equipped with branded home appliances including refrigerator, washing machine, kitchen hood and hob, microwave and fully-fitted air-conditioners for the living room and bedrooms.

Lifestyle facilities planned include a crystal salt sauna, an Olympic-size salt-water swimming pool, aqua gym, yoga deck and indoor golf simulator, among others.

Woo also announced that the project would strictly adhere to Conquas (Construction Quality Assessment System), a Singapore-certified standard assessment system that dictates a minimum construction quality level for completed projects.

“Our designers and consultants will be more vigilant during the project’s execution and I pledge that we will work better,” he added.

Woo also revealed that the company was in the process of launching other projects, such as one adjacent to Sierramas West in Sungai Buloh, and another in the Kuala Lumpur City Centre area.

“The piling contract for One Stonor, at Persiaran Stonor KLCC was awarded last week, and land clearing has begun,” said Woo.

With more than 2,000 luxury affordable and high-end residences in the pipeline and set to launch in the second quarter of 2017, the group is expecting to have a GDV close to RM1.8bil.

During the press conference, Woo also said that Mayland was mulling a public listing on Bursa Malaysia in the next three years.

At the same time, he added that there were plans to reduce the company’s gearing ratio by RM145mil, once the company takes in substantial receivables by Q2 2017 in the region of RM300mil.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In News

FT Ministry allocates RM15mil to repair public infrastructure in KL
EU joins outcry over execution of nine men by Yemen's Houthis
Putin thanks Russians for their 'trust' after United Russia election win
Ruling Liberals in tight race with Conservatives as Canadians vote
Struggling Laschet attacks rival on economy as German vote looms
Anti-graft group calls for MACC chief commissioner's suspension due to RM25mil theft case
U.S. set to require vaccines for most non-U.S. citizen travelers, sources say
PAC should scrutinise national 5G rollout, says Syed Saddiq
JKMR, LPPR call for thorough probe of MACC officers' alleged RM25mil theft
Hungary PM launches election campaign with $2 billion tax refund for families

Stories You'll Enjoy


Vouchers