Penang’s real estate market has always been a booming one. And now in Selangor, Malaysia-based developer Aspen is hoping their latest undertaking will carry them in that same successful direction.
Central Region project with gross developmental value of RM300 million
Aspen (Group) Holdings’ latest investment is a 12,185 sq m site in Seri Kembangan. They are partnering with Selangor Agricultural Development Corp (PKPS) to develop this site into serviced apartments complete with full facilities. The estimated gross development value of the site is RM300 million (S$100 million).
This latest development is situated in a mature township, with all the necessary facilities and amenities that would complement the property are already in place. Also in the vicinity are international schools, a hypermart and 2 upcoming MRT stations.
Affordable home ownership developer’s aim
Selecting prime locations and regions with developmental potential are key to the developers’ strategies. They aim to develop homes in urban locations with value-added services. For this case, their target audience are young first-time home buyers.
The accessibility, connectivity, convenience and investment-worthiness of the project will bring some vibrancy to the region. It is connected to many parts in the Klang Valley, including Putrajaya, with its proximity to roads and highways.
The sales launch for the project is slated for next year. The project is scheduled for completion in 4 years.