SUBANG JAYA: Mayland Valiant Sdn Bhd’s Dorsett Place Waterfront in Subang Jaya, Selangor will be officially launched in the third quarter this year, with an estimated gross development value of around RM1.2 billion. Mayland Valiant is a unit of Malaysia Land Properties Sdn Bhd (Mayland).
The serviced apartment development was first launched in 2012, but was suspended due to a legal suit filed by Subang Jaya Municipal Council (MPSJ) against the developer for selling hotel suites as serviced apartments without receiving the appropriate permits. According to news reports in mid-2016, the High Court ruled in favour of MPSJ. However, in April last year, the Court of Appeal reversed the High Court’s decision.
Mayland managing director Datuk Kevin Woo told Edgeprop.my that around 600 units of the project have been taken up to date, including some 400 units that were taken up before the suspension of the project.
“The court has mandated us to construct exactly as per the original plans,” Woo says, adding that the company has employed traffic consultants to explore plans to disperse traffic in the area.
Following the Court of Appeal’s decision, in mid-May this year, a buyer preview of the project was initiated prior to the planned re-launch.
Sitting on about 4.5 acres of freehold land, the project will have three 21-storey blocks comprising a total of 1,989 fully-furnished units under commercial title, along with 1,300 car park bays. The units will measure between 399 sq ft and 1,515 sq ft, with most being studio-type or one-bedroom units below 600 sq ft.
Apart from the very few large-sized units, about 72% of the units will come with an indicative selling price of below RM600,000. The average selling price is over RM1,000 per sq ft.
The project will feature 21 facilities at the podium floor, including an infinity lap pool, outdoor Jacuzzi, outdoor lounge & bar, kitchen, barbecue pit and so on.
“We are excited about this project because of the product differentiation from what we had launched in the past three years,” Woo said.
The existing car park for Grand Dorsett Subang Hotel will be demolished to make way for the project, which will oversee the Subang Ria Recreational Park.
Location, surrounding amenities, product positioning and the rental potential are some of the selling points of the project, Woo added.
Located at a relatively matured neighbourhood, the project is surrounded by shopping centres, educational hubs and hospitals. Sitting between the Dorsett Grand Subang Hotel and Subang Medical Centre, Dorsett Place Waterfront is accessible via major expressways including NPE (New Pantai Expressway), Federal Highway, KESAS (Shah Alam Expressway), as well as public transport such as LRT and MRT.
Woo believes that Subang will continue to be a thriving commercial district way into the future.