MCT to Launch Seven Projects This Year
January 05, 2021
 
 

SUBANG JAYA (Jan 5): MCT Bhd is looking to launch seven new developments, worth RM2.2 billion in total, this year. These launches comprise residential units and commercial projects.
These seven launches include Aetas Damansara in Tropicana Golf & Country Resort, Damansara; Alira in Metropark, Subang as well as Sanderling Lakefront Residences in Cyberjaya. Other projects include a boutique commercial centre at Lakefront Cyberjaya; the maiden phase of Cybersouth Town Centre in Dengkil as well as new residential developments in USJ Subang and Cybersouth, respectively.

CEO Teh Heng Chong expects the property market to continue its path towards recovery as the global economy is gaining steady progress following the recent Covid-19 vaccine roll-out.
The low interest rate environment and reintroduction of the Home Ownership Campaign, he said, present good buying opportunities, and more homebuyers are searching for their dream homes.

“Recognising the prevailing uncertainties in the environment, we have quickly pivoted to broaden our product offerings to support future growth and build business resiliency. Over the past few years, we have been growing our presence in the southern region of the Klang Valley, focusing on residential developments in Cyberjaya and our first township development in Cybersouth,” he said in a press release.

“Moving forward, we aim to expand our development footprint, targeting prime areas within the Klang Valley, in order to reach out to various market segments. We are also actively pursuing joint venture and land acquisition opportunities to fuel future growth.”

MCT currently has an undeveloped land bank of 289.5 acres with a total gross development value (GDV) of about RM11.4 billion.

Aetas Damansara will be officially launched this month, offering 226 condominium units priced from RM1.97 million. The RM564 million project spans 1.76 acres in Tropicana Golf & Country Resort. The developer’s maiden luxury residential project is also a joint development with Ayala Land, Inc.

Teh explained that Aetas Damansara echoes MCT’s new vision to set a new benchmark of living spaces anchored on three key elements — bespoke design, efficient space planning and best-in-class fittings. Each unit has an exclusive private lift lobby, which is further enhanced with a multi-tier security system.

Also, phase one of Alira in Metropark Subang is targeted for launch in the first quarter. With a GDV of RM316 million, it consists of 492 apartment units, with built-up areas from 695 to 1,048 sq ft.
Sanderling Lakefront Residences will have 606 units of condominiums priced from RM475,000. To be launched in the second quarter, the development is surrounded by universities and technology-related workplaces.

In 2020, the group has handed over 3,053 units to homeowners of Selangorku PR1MA Lakefront Homes, Lakefront Residence (Phase Two) in Lakefront Cyberjaya as well as Casa Bluebell and Casawood landed residential developments in Cybersouth township.

 
The Edge Markets, on January 5, 2021
https://www.theedgemarkets.com/article/mct-launch-seven-projects-year