MALAYSIA Land Properties Sdn Bhd (Mayland) launched its first project in over three years last Friday, unveiling the Hampton Damansara serviced apartments at its show gallery in the 8trium building in Bandar Sri Damansara.
The Hampton Damansara serviced apartments, with a gross development value of more than RM700mil, is a 700-unit residential development in Country Heights Damansara off the Damansara-Puchong Highway (LDP).
Mayland managing director Datuk Kevin Woo said the philosophy behind Hampton was the concept of “luxury made affordable”.
“This is our first affordable luxury serviced apartment project, we are not near Country Heights Damansara. We are in Country Heights itself,” said Woo, emphasising the development’s address.
Hampton Damansara will be located within two 43-storey towers built on 1.29ha land, with a 6,503sq m lifestyle floor for 46 sports, leisure and entertainment facilities.
The majority of the unit sizes will be allocated to 2+1 bedrooms and 3+1 bedrooms, with built-up areas measuring 85sq m to 125.5sq m respectively.
The units will be equipped with branded home appliances including refrigerator, washing machine, kitchen hood and hob, microwave and fully-fitted air-conditioners for the living room and bedrooms.
Lifestyle facilities planned include a crystal salt sauna, an Olympic-size salt-water swimming pool, aqua gym, yoga deck and indoor golf simulator, among others.
Woo also announced that the project would strictly adhere to Conquas (Construction Quality Assessment System), a Singapore-certified standard assessment system that dictates a minimum construction quality level for completed projects.
“Our designers and consultants will be more vigilant during the project’s execution and I pledge that we will work better,” he added.
Woo also revealed that the company was in the process of launching other projects, such as one adjacent to Sierramas West in Sungai Buloh, and another in the Kuala Lumpur City Centre area.
“The piling contract for One Stonor, at Persiaran Stonor KLCC was awarded last week, and land clearing has begun,” said Woo.
With more than 2,000 luxury affordable and high-end residences in the pipeline and set to launch in the second quarter of 2017, the group is expecting to have a GDV close to RM1.8bil.
During the press conference, Woo also said that Mayland was mulling a public listing on Bursa Malaysia in the next three years.
At the same time, he added that there were plans to reduce the company’s gearing ratio by RM145mil, once the company takes in substantial receivables by Q2 2017 in the region of RM300mil.