Kuala Lumpur, 20 June 2019 – Damansara Realty Berhad (DBhd) has partnered up with the state investment arm of Menteri Besar Negeri Sembilan (Incorporation) (MBNSI) to develop a 50-acres commercial land with mixed development project worth more than RM771 million in Seri Sendayan, Negeri Sembilan (Project).
The DBhd make the annoucement to Bursa Malaysia on 17 June 2019 which stated that the span of 10 years project is estimated to have a Gross Development Value (RM771 million)
DBhd said that the development is expected to start in 2020, with full completion of all phases in 10 years. Phase 1 is scheduled to kick off in January 2020 upon finalisation of a joint development agreement with MBNSI and is targeted for completion in 2022.
Ts. Brian Iskandar Zulkarim, DBhd’s Group Managing Director stated that: “Backed by our strong expertise in residential & township development and hospital planning, we’re confident that our combined strengths with MBNSI will deliver added advantages and growth to the state’s economy,”
The 50-acre parcel owned by MBNSI is located near the key growth areas of Seremban, Seremban 2, Sepang and Nilai, within drive range to Kuala Lumpur International Airport (KLIA), KLIA2 and strategically connected to the North-South Expressway (PLUS) and the upcoming Maju Expressway (MEX) 2 Project which is expected to be completed in 2020.
*Ts. stands for the title of ‘Professional Technologist’ awarded by the Malaysia Board of Technologists (MBOT).
Discussion about this post