Articles

MCT Land Purchase in Seputeh

21 Feb, 2023
Category: Real Estate
Tags: MCT

MCT Berhad acquires prime land in Seputeh for RM 58 million for their next project, "Aetas Seputeh"


MCT Berhad has recently acquired a prime piece of land spanning 1.57 acres in Seputeh, KL for a staggering RM 58 million (equivalent to RM 848 per sqft).
Touted to be their next prestigious project, "Aetas Seputeh" is set to feature two 38-storey towers with a total of 126 units of opulent apartments, and has a projected gross development value of RM 320 million.
However, with the developer's workmanship (personal experience) and the property's location, the speculated selling price of approximately RM 2.5 million per unit might deter prospective buyers, casting doubt on the project's potential uptake.

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