
21/02/2023
AETAS SEPUTEH BY MCT BERHAD
Today, MCT Berhad has announced an acquisition of a 1.57-acre freehold residential land at Seputeh, Kuala Lumpur, for RM58 million.
The land is situated at the fringe of Kuala Lumpur’s central business district in a mature and affluent neighbourhood with readily available public amenities and infrastructure with excellent connectivity within the vicinity.
It is located 2km from Mid Valley Megamall and approximately 8km from Kuala Lumpur City Centre and is accessible via Federal Highway and New Pantai Expressway.
It also has access to various local and international schools such as SRJK (C) Kuen Cheng 2 and Alice Smith Primary School, all within a 5km radius.
Based on preliminary plans, and subject to approval from the authorities, MCT intends to develop 126 units of boutique apartments with an estimated gross development value of RM320 million and is slated to open for registration of interest by the end of 2023.
Furthermore, the land comes with approved development order which will allow MCT to immediately commence planning, development and marketing of the project upon the completion of the proposed acquisition.