Magna Prima launches RM135m project
The take-up rate of the residential and commercial project, U1 Shah Alam, is good, says Magna Prima's chief executive officer
PROPERTY developer Magna Prima Bhd has launched its latest residential and commercial project, U1 Shah Alam, with a gross development value of RM135 million.
The project, targeted at young urban executives, is located in Section U1, Shah Alam, and comprises twin 16-floor apartment towers and a 15-floor office tower.
Magna Prima’s executive director and chief executive officer Lim Ching Choy said the residential units in Block A were already sold out. Those Block B are now opened for sale.
“The take-up rate is good,” Lim told reporters after the launch of the U1 Shah Alam project today.
The apartment block corridors are designed as bridges to induce daylight penetration and increase natural ventilation for energy-saving and environmental purposes, he said.
It also has facilities such as gymnasium, sauna, 24-hour security car park, children playground, childcare centre, multi-purpose hall, cafeteria and convenience shop.
U1 Shah ALam is located at the intersection of the Federal Highway with the North-South Expressway and the Batu Tiga Puchong bypass.
The 15-floor office tower will house 53 first-of-its-kind small office-home office (SOHO) suites that come with club and office facilities, Lim said.
It is expected to be launched next month and prices are above RM350,000 for each unit, he said.
Among the facilities are gymnasium, jacuzzi, barbeque area, conference room, reflexology path and landscape garden as well as free WiFi access.
On future developments, Lim said Magna Prima is looking at launching a new lifestyle project with a five-in-one concept consisting of lifestyle shops, signature offices and service apartments in Jalan Kuching, Kuala Lumpur.
The project is expected to be launched in July this year, he said. — Bernama
A proposed mixed-development of 22-storey (378 units) medium cost apartment & 15-storey commercial office located at Lot PT 453 (part of PT 221), section U1, Shah Alam, Selangor Darul Ehsan
This 22-storey project consist:
A basement carpark,
5-storey elevated carpark,
1-storey elevated podium for common facilities
Magna Prima’s first tower units sold out in a week
SHAH ALAM: Magna Prima Bhd has within a week sold all 205 units in the first residential tower of its RM135mil mixed development, U1 Shah Alam.
Executive director and chief executive officer Lim Ching Choy said this was the fastest take-up for the company's projects to date, most probably because the integrated development was the first of its kind in Shah Alam.
“Following this record sales, we target to sell all 173 units in the second residential tower within the next two months,” he said at the official launch of the residential towers last week.
The company plans to launch the office tower next month.
The project spans 4.78 acres in Shah Alam's Section U1 located at the intersection of the Federal Highway, North-South Expressway and the Batu Tiga Shah Alam bypass.
Construction will begin next week for completion by mid-2011.
Lim said Magna Prima also planned to launch its RM730mil mid- to high-range retail, commercial, office and residential development at Jalan Kuching, Kuala Lumpur, in July.
“This five-in-one project on 10.23 acres includes serviced apartments, a boutique hotel and a retail mall. The serviced apartments are open for buyer registration next month,” Lim said.
Magna Prima also has three ongoing projects in the Klang Valley – The Avare, a luxury condominium in the KL City Centre; Magnaville condominium in Selayang and Dataran Otomobil commercial development in Shah Alam.
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