Enters into joint venture agreement with Lecca Properties to develop 18.4 acres freehold residential land, targets project launch in 2025
Selangor, Malaysia, 24 April 2024 – Integrated property developer OCR Group Berhad (OCR, the Group, Bloomberg: ONC MK) through its wholly owned subsidiary OCR Templer Sdn Bhd (OCR Templer), has entered into a joint venture agreement (JVA) with Lecca Properties (M) Sdn Bhd (Lecca Properties), to develop a landed residential project in Templer, Rawang, with an estimated gross development value (GDV) of RM313 million.
OCR will spearhead the project development, leveraging its expertise in property development and proven track record of successful projects. Located between Kuala Lumpur and Rawang, just a 30-minute drive from Kuala Lumpur City Centre, the development offers convenient access to urban amenities and natural landscapes, with its proximity to the Templer Park Forest Reserve further enhancing its appeal.
Spanning 18.4 acres of freehold prime land, the project will comprise 118 semi-detached houses with built up ranging from 3,100 square feet (sq. ft.) to 4,200 sq. ft., and 37 bungalow lots ranging from 6,600 sq. ft. to 16,000 sq. ft., alongside commercial shop lots.
The project is expected to launch in 2025.
Mr Billy Ong Kah Hoe, Managing Director of OCR Group Berhad,
This exceptional landed residential development in Templer, Rawang is strategically located, offering private and tranquil surroundings that greatly appeal to Klang Valley residents seeking both urban convenience and a close-to-nature lifestyle for their families.”
“With its prime location and attractive merits, we are confident in its success and look forward to delivering a unique development that enriches the lifestyle of residents.
