With a gross development value of about RM100 million, Andira Park is a gated-and-guarded landed stratified development covering 8.33 acres on a freehold site at the developer's township development Bukit Puchong, Selangor.
PJU 5 Kota Damansara has emerged as one of the most vibrant commercial hubs in Selangor since the development of the Kota Damansara township in 1992.
High demand for accommodation prompted the appearance of scores of tourist rentals, most of them without a permit, provoking a rise in real-estate prices and making it hard to find a room for less than 600 euros.
Enra said the property development division saw a lower profit due to sales of inventory units of Shamelin Star, which were completed in the previous financial year.
"We will be focusing on the marketing and sale of the Picasso Residence units and working on timely construction of the development for PRG."
Almost all of Magna Prima’s topline in 1HFY17 was derived from its property development division.
Development aimed at young homebuyers, especially those working in Singapore and may not have the time to pay a visit to the sales gallery.
The slow progress of amending the Uniform Building By-Laws is also hampering the implementation process of Industrialised Building System.