08 November 2014

Developer completes final phase of project ahead of schedule

  08 November 2014

MANY developments see challenges and difficulties and this can often cause a project to extend its completion date.

The same cannot be said for MK Land’s latest project, the final phase of its Metropolitan Square (MSQ) in Damansara Perdana.

The developer completed the project three months ahead of schedule, though not without challenges.

MK Land attributes the early completion to the use of the Industrialised Building System (IBS), which helped to improve the speed and quality of construction.

MK Land also used the Construction Industry Development Board’s Quality Assessment System in Construction (Qlassic) in the building of the project.

This was announced to its unit owners during a ceremony to hand over keys to 10 owners of units in Block B and C last month.

The final two blocks of the development, comprising 444 units ranging in size from 975 sq ft to 1,245 sq ft. All units in the last phase have been sold.

This completes the development of MSQ, which stands on 16.5 acres of land. The overall development comprises five blocks of condominiums, one block of serviced apartments with retail and office suites as well as a commercial podium, for a total of 2,100 units.

The handing-over ceremony was graced by MK Land Holdings executive chairman Tan Sri Datuk Mustapha Kamal Abu Bakar, MK Land Holdings Bhd group chief executive officer Lau Shu Chuan and group senior general manager Zulkipli Sidin.

Zulkipli said the first phase of MSQ project, started in 2003.

He said the fact that the final two blocks were completed earlier than scheduled showed that the success of the project was possible when all stakeholders shared a common vision.

MSQ, he said, was part of MK Land’s ongoing efforts to build a vibrant township.

“We are committed to building a variety of residential and commercial projects to promote a sustainable and integrated living in the prime area of Damasara Perdana,” he said.

MSQ received its certificate of fitness the day before the handing over ceremony.

Zulkipli said the beauty of the development lied in the contemporary architecture, which was inspired by elements of metal and glass.

“The uniqueness of MSQ, is that it has a 3.25-acre park on the podium block that provides a healthy environment for both residents and tenants. It’s also equipped with the first glass-edged pool in Petaling Jaya,”he said.

MSQ is a mixed development comprising commercial and residential units strategically located near the entrance of Damansara Perdana.

It is accessible via the Damansara-Puchong Highway (LDP), North Klang Valley Expressway (NKVE) and Sprint Highway through Penchala Link, and is surrounded by shopping malls, hypermarkets and commercial areas.

The medium-sized development provides value-for-money condiminiums with practical layouts ideal for first home young families and young professionals.

Block B has a total gross development value of RM123mil while Block C has a GDV of RM165mil.

Block B is a 16-storey condominium block consisting of 186 units with four lifts serving each floor while Block C is 23 stories high, with five lifts serving its 258 units.

There are 12 units on each floor for Block B while Block C has six to 12 units per floor. Each unit comes with two covered parking bays.

Mustapha said that MK Land aims to provide affordable housing to help those who earn less than RM3,000 a month and face problems purchasing their first home.

“Since 1999. MK Land has been developing affordable housing for the in the Klang Valley,” he said, adding that the compnay has been building such housing built in the central and northern region.

To date, the developer has built 16,925 low-cost houses priced range between RM25,000 and RM45,000, 6,774 low-to-medium-cost houses priced up to RM80,000, and 6,634 medium-cost houses priced between RM81,000 and RM200,000.

Mustapha added that state governments should acquire more land for developers to build affordable housing for the low- and medium-income earners in the country.

“We would take up this opportunity and make it part of our corporate social responsibility. If they can identify the people looking to buy, we can help develop land to solve this issue,”he said.

~ By THE STAR


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