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Friday, 5 May 2017

(The Edge) MRCB to offer more residences at TODs

Malaysian Resources Corp Bhd (MRCB), the master developer of KL Sentral, sees rising demand for residential properties at transit-oriented developments (TODs) by city dwellers and aims to tap more into this property segment.

MRCB chief operating officer Kwan Joon Hoe said people’s perception towards the TOD concept has changed as the public transportation system in Malaysia progresses and matures. People also like the convenience and accessibility that transport hubs provide.

“Like in Japan and Hong Kong, where people are used to commuting using public transportation system, Malaysia is moving towards that direction too,” he told TheEdgeProperty.com.

This is evident from the sales of the company’s Sentral Suites serviced apartment project, which is located across the road from the country’s first TOD, KL Sentral, developed by MRCB. Soft-launched in January, it has seen an encouraging booking rate of over 700 units out of the 976 units offered in phase one (Tower 1 and 3).

Of that, a total of RM500 million has been confirmed with buyers having signed sales and purchase agreements.

MRCB is looking at launching the final tower, Tower 2, by 3Q this year.