Malysia: Developer MALTON Bhd will start work on a development at Taman Rimba Kiara in Kuala Lumpur next year.
The developer, through its subsidiary Memang Perkasa Sdn Bhd and joint-venture partner Yayasan Wilayah Persekutuan (YWP), will develop a 3.24 hectare, building five apartment blocks, with an estimated GDV of RM1.8 billion.
Memang Perkasa will build four blocks of serviced apartments with 1,082 units, and a 17-storey building featuring 204 units of affordable apartments.
It said the development is not encroaching into the existing green park, with the current facilities like jogging track, pond, open field, gazebos and surau being left untouched. Memang Perkasa also will continue to cross-subsidy the construction and land costs of the affordable apartment block, including that of the existing Sri Maha Mariaman temple.
The public will benefit from better upkeep and enhancement of Taman Rimba Kiara and continue to have access to the much-larger park with a forest reserve of 142ha Taman Persekutuan Bukit Kiara.
