SELANGOR: Majuperak Holdings Bhd (MHB) has ventured into its first property development outside Perak with the groundbreaking ceremony for Nexus Residences, located at the USJ Subang West, Selangor.
The 2.2-acre freehold low-density residential development houses only 153 units. Targeted for completion by 2026, the residence has facilities such as an infinity pool, family spa and aqua gym, as well as easy access to major highways, shopping centres and public transport amenities.
The groundbreaking ceremony was officiated by MHB executive chairman and Perbadanan Kemajuan Negeri Perak (PKNP) chief executive Datuk Redza Rafiq Abdul Razak.
In April 2022, MHB acquired a 51% stake in Nexusbase Development Sdn Bhd to strengthen its presence in the property sector, readying itself for more property launches.
“With an estimated gross development value (GDV) of RM122mil, our foray into the Klang Valley is timely given our long-term strategy to diversify our income stream,” Redza said.
“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,” MHB executive director and group chief executive officer and Nexusbase Development chairman Nizran Noordin said.
Priced from RM803,400, Nexus Residences currently offers a rebate of up to RM80,000 and a 10% early bird discount.
Nexusbase Development director and chief executive officer Datuk Lee Seng Khoon was also at the ceremony.
The sales gallery, located at Nexus Regency Suites and Hotel, is now open for public viewing. For more information, please visit www.nexusUSJ.com.