In the pipeline ....


L&G to develop RM1.5b project in Sri Damansara
By Kamarul Azhar of theedgeproperty.com
Thursday, 11 August 2011 12:09

PETALING JAYA: Bandar Sri Damansara developer Land & General Bhd (L&G) plans to step up the development of its remaining 67 acres (26.8ha) of land in the prime township. The first of these projects will be a RM1.5 billion high-rise residential development on a 42-acre site to be launched by the end of this year, according to its managing director Low Gay Teck.

To be built over four phases, the project, code-named as "Meranti" as it was located along Persiaran Meranti in the township, will consist of 2,800 units of three-bedroom condominium, within the size range of 1,300 sq ft to 1,600 sq ft. According to Low, the product is mainly targeted at home buyers, as its design and features will incorporate practicality and functionality which serve better for family's use.

"The condo units are designed more for a family's day-to-day use. We have actually put up a very practical and very functional unit layout of three bedrooms with a large balcony. They also come with a full list of facilities," he said, adding that some features such as a jogging track, tree house and cabanas will also be provided for the enjoyment of the residents.

Low said the 42-acre site will not be fully developed, as the company plans to retain 50% of it as natural greenery, and will incorporate it into the development. L&G has not finalised the pricing of the condominium units yet, but according to Low, they are looking at around RM500,000 to RM800,000 per unit.
After Meranti, L&G will have 25 acres left in the township, which the company plans to develop into a mixed integrated commercial development, Low said. However, the plans are still in the initial stages and the project will only be developed later, he said.



This post has been edited by dlyw1103: Aug 12 2011, 12:37 PM