KUALA LUMPUR: Metropolitan Lake Development (MLD) has kickstarted its maiden project, Keponggi Square, which is part of the Metropolitan Waterfront Masterplan.
Keponggi Square, which has a gross development value (GDV) of RM220mil, is slated for completion in Q1 2023. Located next to the Kepong Metropolitan Lake, the 6.8-acre commercial shoplot development is poised to be the next retail hub within the neighbourhood.
Embellished by its food and beverage, entertainment, activity market and place-making open piazza concept, Keponggi Square will house 73 retail outlets, which has already seen an uptake of 70% from discerning buyers. These outlets position the holistic destination as the next up-and-coming lifestyle spot in Kepong.
The development’s unique concept is expected to draw crowds from the immediate vicinity and the greater Kuala Lumpur area. A budget of RM2mil has been allocated to sustain a two-year programme comprising open-air concerts, bazaars, art exhibitions and more.
“Keponggi Square is a development driven specifically through our open piazza concept that will complement our entire shop lot development. We placed a lot of emphasis on landscape architecture and creating a space for the robust surrounding community. When completed, the open piazza will host exciting activities, festive and placemaking events that will make Keponggi Square a landmark destination,” said MLD general manager James Yam.
“We wanted to introduce a development that would redefine Kepong, which means enclosed in Malay. Keponggi Square is an open invitation for those within and outside of Kepong to join this unique community, which is quickly becoming a bustling township largely due to current and upcoming developments.,” said MLD director Raja Hamzah Abidin.
Keponggi Square draws inspiration from world-famous Roponggi, a global tourist destination in Tokyo popular for its holistic destination with integrated and vibrant retail, entertainment and leisure spots. The development will also see child-friendly areas for families to sit and enjoy the shaded landscape coupled with a façade that features red sandstone finishes.
The development of Keponggi Square marks the first phase within the broader 14.6-acre master plan with a GDV of RM750mil, which comprises an ecosystem of retail and residential components. The next phases of this master plan will include a condominium and affordable housing within the parcel.
Being within proximity of Keponggi Square, the developments will complement each other in offering attractive and practical amenities with a beautiful lake view. The master plan will benefit the developments within and neighbouring ones as well, creating a unique community.
Metropolitan Waterfront is located beside the 250-acre Kepong Metropolitan Park with a 4km jogging path that surrounds the 140-acre Kepong Metropolitan Lake. Connectivity is ensured with the nearby Kepong Baru and Metro Prima MRT stations as well as the Kepong and Kepong Sentral KTM stations. It can be accessed through three major roadways, namely Jalan Kuching, MRR2 and Jalan Kepong. More information is available at www.keponggi.com.my.