The two projects are Gravitas, a mixed-use development with a GDV of RM1.1 billion; and Crescent Dew, a luxury residential development with a resort concept that has a GDV of RM700 million.
Rental yields are higher in Subang than in Ara Damansara, due to the lower capital bases and generally smaller unit sizes found at the apartments and low-cost flats in Subang.
The property market in Ara Damansara has benefitted from its proximity to the established neighbourhoods of Kelana Jaya and Petaling Jaya while the property market in Subang has stagnated.
The most expensive project by far is Ara Hill Condominium, with an average price per unit at RM1.4 million.
The five-day programme organised by Team Keris is in conjunction with the Hari Raya Aidilfitri festive season.
Twenty five new LRT stations started operations yesterday on the Kelana Jaya and Ampang alignment.
Fifteen stations were opened in the Line Extension Project (LEP) encompassing the Putra Heights interchange, which links the Kelana Jaya and Sri Petaling lines, said Rapid Rail Sdn Bhd CEO, Ahmad Nizam Mohamed Amin.
MK Land is said to have 1,214ha of land in Beriah Valley and the upcoming industrial area will create jobs for people around the area.
Despite their age, most of the properties here enjoy steady demand due to Taman Desa’s location which is close to the Kuala Lumpur city centre.
Taman Desa is known for being a quiet, affluent residential enclave close to the Kuala Lumpur city centre.
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