Another Luxury Development in Kenny Heights Soon
Looks like there are plans for another luxury development in Kenny Hills.
Mycom Bhd is planning a residential cum commercial project in the tune of some RM450 million luxury. The location is on a piece pf on a piece of 6.55ha land somewhere in Kenny Heights/Mont’ Kiara, Kuala Lumpur.
According to a report,
Announcing the project yesterday, Mycom said its subsidiary, KH Land Sdn Bhd, had signed a letter of intent with Merrill Lynch (Asia Pacific) Ltd (MLL) for a proposed 51:49 joint venture to develop the property.
MLL would participate in the JV directly or through its affiliates and a definitive agreement was expected to be signed within 45 days from the date of the letter of intent, it said.
It added that the site of the project formed part of the total 29.95ha parcel of land acquired by the company from Kenny Heights Developments Sdn Bhd under Mycom group’s restructuring scheme.
We are definitely interested to see what kind of development masterplan that is in store, given the small plot of land and existing surrounding of the area.
I saw some pretty good developments a bit like this on www.thinkproperty.com.my.
Comment by Jacob — September 19, 2007 @ 7:11 pm