Millennium Land Sdn Bhd will launch a RM1.5 billion mixed development called M Square, which will become Puchong’s new commercial centre and transform it into a modern township.
Located on a 10.12 ha site, M Square features a 380,000 sq ft shopping mall situated in the podium block below the 18-storey, 255-room Hilton Garden Inn. The development also includes a 2.1 million sq ft street mall that features 13 six-storey blocks of retail and office units.
Benjamin Tan, Executive Director at Millennium Land, said the company has drawn up plans to build high-end residential units.
“Puchong is one of the fastest growing districts in Malaysia in terms of growth especially in three key areas: population, monthly household income and commercialisation.”
“The primary catchment in Puchong reaches an estimated 420,000 people while its secondary catchment area, some 10 minutes away, reaches some 1.2 million people,” he said.
Mr. Tan said that once the project is complete, it will be the largest street mall in Malaysia, placing it in the regional mall category.
“It ties in together with today’s lifestyle trend with alfresco dining and outdoor live performances amid a conducive environment.”
Given its size, the mall will have a diverse tenant mix and its street mall atmosphere will make it unique.
“Our design, being modular, allows for flexibility as it does not have lift shaft in the centre like other conventional shop lots. Instead it is served by glass lifts on the exterior of the building.”
“For the convenience of shoppers, every block was planned to cater to specific target markets, such as a Kids’ Corner, Japanese Street and Digital Centre that can take up an entire block or a large portion of it, and by itself serves as an anchor tenant,” he added.
The development is slated to commence next quarter and is expected to be completed by 2014.
To contact the journalist, you may send your message to email@example.com
Search Property News
June 2011 Property News
- Sabah to implement policies on strata title
- Merge Housing to become a private company
- DBKL pushing developer to include MRT project
- Serin Residency condo redefines metropolitan living
- Politics won't affect affordable housing schemes
- Projects must be completed first before purchase, says HBA
- Govt to launch housing initiative to help middle class
- TSR Capital to buy land in Port Dickson for RM36.8m
- Mulpha to divest land to boost revenue
- New project tipped to become Terengganu icon