KUALA LUMPUR (Oct 3): OSK Property recently launched the first phase of Shorea Park – a nature-inspired master-planned development – in the mature town of Puchong.
OSK Property CEO Ong Ghee Bin tells City & Country: “This is our highly anticipated launch for FY2021. Shorea Park will cater for young homeowners, owner-occupiers and investors in the mature area of Puchong and other neighbouring areas for a competitive price.”
Located on a freehold 27.7-acre tract, Shorea Park has a gross development value (GDV) of RM1.76 billion and will comprise serviced apartments and a commercial development.
Moving forward, the group also plans to roll out competitively priced products in other areas. “We recently acquired 860 acres in Iringan Bayu with a GDV of RM1.26 billion, among our other land banks in Sentul (10.1 acres) and Shah Alam (15.4 acres),” reveals Ong.
The respective projects for some of the new land acquisitions are still in the planning stage and have been earmarked for FY2022.
Read more about it in the latest issue of City & Country, which comes with The Edge Malaysia weekly’s Oct 4, 2021 edition.