Majuperak Holdings today held its groundbreaking ceremony for its first property development outside the State of Perak.
The property development is situated on a 2.2-acre land at the strategic location of USJ Subang West, Selangor, Nexus Residences is a freehold low-density residential development designed for multigenerational living.
The development exudes exclusivity with private lift access to bungalows in the sky. The 153 units are equipped with a dual key concept, suitable for both flexible occupancies as well as an investment while ensuring utmost security.
Nexus Residences features various facilities such as an infinity pool, family spa, aqua gym, stripe park, and more. Additionally, its attractiveness lies in its location with convenient access to major highways, shopping centers, and public transport amenities.
The groundbreaking ceremony was officiated by Datuk Redza Rafiq Abdul Razak, Executive Chairman of MHB and Chief Executive of Perbadanan Kemajuan Negeri Perak (PKNP). Also present were Encik Nizran Noordin, Executive Director-cum-Group Chief Executive Officer of MHB and Chairman of Nexusbase Development Sdn Bhd with Dato’ Lee Seng Khoon, director and Chief Executive Officer of Nexusbase Development Sdn. Bhd. (NDSB) along with members of MHB and NDSB
Board of Directors and senior leadership team.
“With an estimated gross development value (GDV) of RM122 million, our foray into the Klang Valley is timely given our long-term strategy to diversify our income stream.” In April 2022, MHB acquired a 51% equity interest in Nexusbase Development Sdn Bhd to further strengthen its property business and set the tone for more property launches in the short and medium term,” Datuk Redza Rafiq Abdul Razak said.
“Nexusbase Development Sdn Bhd aims to deliver a high-quality residential property that caters to consumer needs in line with today’s lifestyle. With appealing facilities coupled with accessibility, Nexus Residences has strong potential to draw property owners while enabling MHB to expand our market segment. This is part of our steadfast commitment to develop attractive property options, in tandem with the nation’s aspirations for homeownership for Malaysians,” added Encik Nizran Noordin.
The units range from 1,309 sq. ft to 5,511 sq. ft starting at RM803,400.00.
Nexus Residences is offering a rebate of up to RM80,000 with zero booking fee and a 10% early bird discount. This residential development is targeted for completion in 2026. Given that the proposed Nexus Residences site is located at one of the last few plots available in the highly-dense USJ Subang West vicinity, this investment opportunity is one not to be missed.
