PKNS, Raudhah City to finalise talks on RM1.1 bil GDV project

The residential development is based on a Shariah concept. (Bernama pic)

CYBERJAYA: Selangor State Development Corporation (PKNS) and Raudhah City Sdn Bhd are keen to finalise discussions on the next phase of their joint-venture which is the development of the RM1.1 billion gross development value (GDV) Raudhah City Centre (RCC) project.

The RCC will be developed on a 6.07 hectare (ha) plot of commercial land adjacent to the RM420 million GDV PKNS Raudhahville project.

In a joint statement today, PKNS and Raudhah City said this world-class commercial development shows the continued confidence from investors towards Selangor’s economy.

“RCC will also accelerate the development of the 525.69 ha Selangor Cyber Valley as the country’s next generation smart city,” it said.

The statement was issued following the launch of the Multi-Generation Super Link Home Sales event that was officiated by Housing and Local Government Minister Zuraida Kamaruddin at PKNS Raudhahville here today.

PKNS acting chief executive officer Norita Mohd Sidek said in her speech that Raudhahville’s development is at 75% completion and is expected to be completed by mid-2020.

Each of the two-storey and three-storey homes are priced from RM1.2 million to RM2.1 million with a built-up area from 2,227 sq ft to 3,796 sq ft.

The residential development is based on a Shariah concept with facilities including an Islamic centre equipped with a surau, library and community centre.