- Once an abandoned project called Selayang Star City, the development is revived as 168 Park Selayang by the white knight Infra Segi. It now has a gross development value of RM945 million and consists of three residential towers and a two-storey community mall with a total lettable area of 235,500 sq ft.
KUALA LUMPUR (Sept 2): 168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, has completed Block C of the leasehold mixed-use development 168 Park Selayang and is ready for vacant possession.
Once an abandoned project called Selayang Star City, the development is revived as 168 Park Selayang by the white knight Infra Segi. It now has a gross development value of RM945 million and consists of three residential towers and a two-storey community mall with a total lettable area of 235,500 sq ft.
One of the residential towers — Block C — comprises 660 commercial units with built-ups ranging from 538 to 983 sq ft and is fully sold out.
“This is truly a major milestone for this maiden project of ours. We were taking over a project that had been abandoned. Our expertise was in construction, not in property development. We are extremely proud to say that we will meet the deadline of delivering the 660 units for Block C on time, as promised. For the affected buyers, who have waited eight to 10 years for this day, the wait is finally over,” said 168 Park Selayang director of business development Lorenz Tong in a media statement on Monday.
Tong added that the developer has also implemented some upgrades to the units in Block C, such as upgrading certain internal and balcony floor areas to tiles from cement rendered, increasing bathroom tiles height from 1,500mm to ceiling height, and adding air conditioning points.
“I firmly believe we have undertaken every possible care and consideration for Block C unit owners, who were unfairly burdened with worry and uncertainty when the project was abandoned. We want to assure all the affected buyers that 168 Park Selayang is capable, fully committed, and sincere. We are here to do business the right way,” Tong emphasised.
Infra Segi is the approved white knight to revive the Selayang Star City project which had been abandoned in 2016. The original seven-acre Selayang Star City project comprised three residential blocks and another block which was to be a hotel. A five-storey mall with a net lettable area of 550,000 sq ft would be situated under the hotel block.
Under the judicial management order (JMO), the 660-unit Block C of 168 Park Selayang is to comprise units for all the affected buyers of the abandoned Selayang Star City project.
Meanwhile, Tong shared that the mall is targeted to open on Nov 11, 2024.
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