Share
KUALA LUMPUR: The second phase of Selayang Spring in Selayang, Selangor comprising apartments and a lifestyle mall will be launched mid-October.
The development's marketing agent, REI Properties Sdn Bhd's CEO, Dr Daniele Gambero, said Phase 2, also known as 'Cedar' has a gross development value (GDV) of RM115 million.
"We are open for bookings and we forecast the development to be sold-out within less than 12 months," he said during a media presentation on the new phase.
The project is developed by Barisan Tenaga Perancang (M) Sdn Bhd, a fully owned subsidary of construction group MASA Group of Companies.
The 23-storey building has three wings and will consist of 274 units ranging from 4 to 16 units per floor with sizes ranging from 586 sq ft to 2,783 sq ft. Targeted at young, middle class professionals, Cedar offers 10 different layouts. .
Selayang Spring is expected to be developed in four phases on a 10-acre site.
Gambero said the official launch for Cedar would take place on Oct 15, 16 and 17.The first 70 units will be at a discounted price of RM290 psf.
There will also be a retail launch of a 2.7-acre lifestyle mall. "The mall will have four floors and one floor is to be fully occupied by a movie theater... the main attraction of the shopping mall will be a multiple-screen cineplex with the entire shopping mall designed and themed as a "movies' world"," he said, adding that the other three floors will consist of 97 retail lots.
Phase 2 is expected to be completed by end of 2012 or early 2013. On developments on the third and fourth phase, Gambero said details have yet to be finalised.
To recap, Phase 1 of Selayang Spring, known as Damar with 284 units has been 100% sold by August this year since it was launched in 2009. Damar, with a GDV of RM81.5 million is to be completed by early 2012.
The development's marketing agent, REI Properties Sdn Bhd's CEO, Dr Daniele Gambero, said Phase 2, also known as 'Cedar' has a gross development value (GDV) of RM115 million.
"We are open for bookings and we forecast the development to be sold-out within less than 12 months," he said during a media presentation on the new phase.
The project is developed by Barisan Tenaga Perancang (M) Sdn Bhd, a fully owned subsidary of construction group MASA Group of Companies.
The 23-storey building has three wings and will consist of 274 units ranging from 4 to 16 units per floor with sizes ranging from 586 sq ft to 2,783 sq ft. Targeted at young, middle class professionals, Cedar offers 10 different layouts. .
Selayang Spring is expected to be developed in four phases on a 10-acre site.
Gambero said the official launch for Cedar would take place on Oct 15, 16 and 17.The first 70 units will be at a discounted price of RM290 psf.
There will also be a retail launch of a 2.7-acre lifestyle mall. "The mall will have four floors and one floor is to be fully occupied by a movie theater... the main attraction of the shopping mall will be a multiple-screen cineplex with the entire shopping mall designed and themed as a "movies' world"," he said, adding that the other three floors will consist of 97 retail lots.
Phase 2 is expected to be completed by end of 2012 or early 2013. On developments on the third and fourth phase, Gambero said details have yet to be finalised.
To recap, Phase 1 of Selayang Spring, known as Damar with 284 units has been 100% sold by August this year since it was launched in 2009. Damar, with a GDV of RM81.5 million is to be completed by early 2012.
SHARE
