Property developer TSA Land Sdn Bhd will be launching its first project, MM Residency, end of the month.
It was reported that the project, which has a gross development value of RM483 million, is located on 3.6-acre freehold land in Taman Melawati, Kuala Lumpur.
MM Residency will feature three blocks of Small-Office Home-Office (SoHo) and serviced apartments – R1, R2 and R3 on a six-storey commercial podium.
TSA Land’s finance director Chang Kah Ling said that R1 will offer serviced aparments while R2 and R3 will offer SoHo units.
“In total, there will be 420 residential units and 13 two- and three-storey retail units, with a total space of 60,000sq ft,” she said.
The 25-storey Block R1 will offer units from 2,000sq ft, priced from RM2 million while the 17-storey Block R3 has 171 units of 450sq ft to 1,723 sq ft, priced from RM450,000, which is currently 80 per cent booked.
The 23-storey Block R2, scheduled to be launched at the end of the year, will have 168 units, with built-ups of 450sq ft to 1,723sq ft.
The parcel of land for the project was acquired in 2009 and was previously occupied by K Club, a private clubhouse.