Boutique integrated property developer OCR Group targets to launch its largest-ever property development in Shah Alam with a gross development value (GDV) of at least RM750.0 million slated to be launched in the first quarter of 2022.
The Group’s 26.9-acre Shah Alam project will consist of 2,892 affordable units along with retail spaces and will be established in phases. The entire project is expected to be completed by 2026.
The development is located in the city of Shah Alam, which has seen its population rapidly growing to over 650,000-strong, befitting its status as a commercial, economic and education hub, as well as the administrative capital of Selangor.
The Shah Alam project will be easily accessible through various highways such as the Guthrie Corridor Expressway (GCE) and the New Klang Valley Expressway. With the Damansara-Shah Alam Elevated Expressway (DASH) soon to be completed, it will further enhance accessibility to the project.
The Shah Alam project, under our Essential Living series, will be sold at attractive price points to realise Malaysians’ dream of owning a home, and caters to two groups: existing population and new joiners to Shah Alam.
The development will be a great choice for working class citizens as it is merely 25 minutes away from Kuala Lumpur City Centre. Coupled with our upcoming RM105.9 million GDV project at Jalan Alor in Kuala Lumpur City Centre, OCR’s future launches in the next two years are boosted to RM1.6 billion.”
OCR is also aiming to launch its Urban Living project at Jalan Alor in 2022. The 0.33-acre development comprises a 10-storey Small Office Home Office (SOHO) development comprising 120 units of SOHO and 8 retail lots, and is slated for completion in 2025.
