will develop 100 acres of land in Bandar Baru Salak Tinggi into affordable landed homes with an estimated gross development value of RM656mil.
This comes after the property group s subsidiary, Oasis Garden Development Sdn Bhd, accepted the counter offer approval letter from the Sepang District/Land Office for the alienation of the 100 acres for RM95.83mil, it said in a filing with Bursa Malaysia today.
The residential development will be named M Senyum and comprise mainly double-storey terrace house with indicative land sizes of 18X65 and 20X70.
The units have an indicative starting price of RM399,000.
M Senyum is expected to be developed over a span of five years with registration of interest and launching targeted for the second half of 2021.