Property News

Final residential tower of 168 Park Selayang officially launched

Bole Residence is a 49-storey tower comprising 956 units with three types of layout: Type K (674 sq ft), Type L (774 sq ft) and Type M (1,074 sq ft), with the price starting at RM397,000. The tower is expected to be completed by 2026.
SELAYANG (Oct 6): 168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, has officially launched the last residential tower — Bole Residence, or Block B — in the leasehold mixed-use development 168 Park Selayang on Friday. 
Bole Residence is a 49-storey tower comprising 956 units with three types of layout: Type K (674 sq ft), Type L (774 sq ft) and Type M (1,074 sq ft), with the price starting at RM397,000. The tower is expected to be completed by 2026. Units at Bole Residence will feature an in-built smart home system with smart switches and smart locks that can be controlled from a phone application. 
In his welcoming speech, 168 Park Selayang Sdn Bhd chief executive officer Edward Lum said the launch of the final tower is a significant event, due to the history of the project.
“Infra Segi Sdn Bhd was approved as the white knight by the High Court to revive the Selayang Star City project that was then abandoned. The situation had earlier left 680 buyers stranded and without a solution in sight. As the contractor hired by the ex-developer, we were also in a dilemma.
“Recognising the potential of the location due to the close proximity to Kuala Lumpur, high accessibility and the rapid development of the area, Infra Segi decided to become the white knight developer of the entire project,” he continued. 
168 Park Selayang Sdn Bhd business development director Lorenz Tong shared that the targeted buyers for Bole Residence are first-time homebuyers and young couples, due to its affordable price.
“We are also proud to announce that first-time home buyers are entitled to apply for the i-Miliki programme offered by the government, if they meet the requirements,” he added.
With a total gross development value of RM945 million, 168 Park Selayang, located in Selayang, Selangor, consists of three residential towers, a four-acre facility floor on Level 9, and a two-storey community mall with a total lettable area of 235,500 sq ft (square feet) and 118 units. The mall is expected to open to the public by 3Q2024.
On the progress of the development, Block A has achieved an 80% take up rate, while Block C has been fully sold out. Tong added that the developer is expected to hand over Block A by early-2025 and Block C by 2Q2024.
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Source: EdgeProp.my