168 Park Mall is part of the RM1.12 billion 168 Park Selayang leasehold mixed-development. Previously an abandoned project known as Selayang Star City, the project was revived and renamed by the white knight Infra Segi.
KUALA LUMPUR (Dec 12): 168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, on Thursday announced the soft opening of 168 Park Mall, the retail component of the formerly abandoned mixed-use development located in Selayang, Selangor.
168 Park Mall is part of the RM1.12 billion 168 Park Selayang leasehold mixed-development. Previously an abandoned project known as Selayang Star City, the project was revived and renamed by the white knight Infra Segi.
The mall consists of four levels with a net lettable area of 235,500 sq ft. Two floors are dedicated for retail space while the other two floors are sports centres. Some of its tenants include Village Grocer, Harvey Norman, Mr DIY, Miniso, Texas Chicken, Ichiban Ramen, Anytime Fitness, Ultra Sports Centre, Llao Llao, Watsons, Zus Coffee, Chaffee, Original Classic and Gigi Coffee.
The mall apart, 168 Park Selayang consists of three residential blocks — Lush Residence (Block A), Bole Residence (Block B) and Spring Residence (Block C).
The fully-sold out Block C is completed and handed over to buyers in September this year; Block A is 75% completed and achieved 96% take-up; while Block B is 35% completed and has a 45% take-up rate.
“We are proud to say that this project has given us the confidence to take on new projects, and in our abilities to deliver products of exceptional value, with designs tailored to meet the modern lifestyle and evolving needs of today. Selayang is transforming into a vibrant and dynamic township, and 168 Park Selayang is at the heart of this new chapter, reshaping the skyline and setting new standards for the area,” said 168 Park Selayang CEO Edward Lum in the statement.
In addition, the soft opening ceremony on Wednesday was attended by Minister of Housing and Local Government (KPKT) Nga Kor Ming. In the press statement, Nga shared the government’s agenda in tackling sick and abandoned projects in the country.
“From 2022 to Oct 31 this year, KPKT’s special task force — the Task Force on Sick and Abandoned Private Housing Projects — has successfully rescued 862 sick projects, enabling 102,808 buyers to finally receive their keys and move into homes they can call their own. These saved projects represent a gross development value of RM85.82 billion. With developers like 168 Park Selayang, the government’s goal of achieving zero abandoned housing projects by 2030 is well within reach. Their dedication to deliver quality developments on time has set a benchmark for the industry, supporting the nation’s mission to build trust and sustainability in the property sector,” he noted.
Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!
Source: EdgeProp.my
POST YOUR COMMENTS