i think he referring to the tenant of the retail / mall downstair.

As of February 20, 2016


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The Edge Markets
Friday, April 29 2016

MRCB to expand 9 Seputeh development via RM6.9m land acquisition

KUALA LUMPUR (April 28): Malaysian Resources Corp Bhd (MRCB) has proposed the acquisition of two tracts of land for RM6.9 million to be integrated with its ongoing 9 Seputeh development.

The group said the two pieces of land, measuring 9.665 sq ft and 10,576 sq ft, will be acquired by its wholly-owned unit Gapurna Land Sdn Bhd from Kejora Kinta Sdn Bhd.

"The subject properties shall be integrated with the 9 Seputeh development and is expected to enhance the project's residential components whilst improving its accessibility.

"It is conveniently surrounded by nearby amenities including Mid Valley, Pearl Point Shopping Mall and Pantai Hospital," said MRCB in a statement today.

It added that the integration of the new land will create an additional 80,964 sq ft of gross floor area for the development, contributing an additional RM46.8 million to the project's total gross development value of RM2.5 billion.

"This will be done via transferring plot ratio to the 9 Seputeh schemes by increasing net sellable area to maximise the floor area. The proposed acquisition will also create additional access to the 9 Seputeh development," it said.

MRCB said the acquisition will be funded via either internally generated funds, borrowings, issuance of equity or debt, or a combination of the options. The acquisition is expected to be completed in the third quarter of 2016.

MRCB shares rose one sen or 0.83% to RM1.21, giving a market capitalisation of RM2.28 billion.

Progress as of May 1, 2016


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What are the available units now?

Developer now giving 30% rebate, but i think after markup price of 30+% compare to the previous price. Net net still cheaper than previous purchase price. Any comment?

The previous quoted price was around RM800++/psft, so how much the current net price is?

SNP price around RM1100 psf, before 30% discount.

I have got 1 biggest unit yesterday .30% off, loan approved

Any confirmation on anchor retail?

No shopping mall, the retails is for supermarket and F&B only

Who is the anchor supermarket?

no further info ....

what I wanna say is , the price per Square feet is only 665rm .
Is the current price even lower than the launch price ?

this project only will super-ong when monorail really materialize.

Wow, RM665/psft, they must have taken out few freebies to justified that price, if not previous owner must be feeling the heat.

Only big unit left, 1000+...all the 7xx -9xx is all sold out

What freebies did they previously offer ?

Site progress pics


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will mrcb build monorail extension in this location?