MB World Group Berhad launched its first township at Taman Sri Penawar in Bandar Penawar, Kota Tinggi with a land bank of 470 acres and expected to meet completion in 7 years.
The township has an estimated Gross Development Value (GDV) worth RM1.9 billion and will be spanning with 3300 residential units and 380 commercial lots.
“We believe that Taman Sri Penawar is an ideal township for working adults to invest in as the ongoing Petronas Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang has opened up plenty of job opportunities to the public. It’s also strategically located to adjoining Taman Desaru Utama with major roads and highways such as Tanjung Balau, Bandar Penawar, Pengerang, Kota Tinggi, Johor Bahru and Iskandar Puteri,” said Executive Director of MB World Group Berhad, Ng Liang Khiang at the event launch.
Taman Sri Penawar is currently developed in three phases, and due to its good response, the first phase of the township comprising of single-storey terrace houses and double-storey shop offices have sold out.
“We are currently opening the second phase of sale which consists of 320 units of single-storey terrace houses, Desaru Avenue’s 161 double-storey shop offices, and Harmonia’s gated and guarded 272 double-storey terrace houses,” continued Ng.
The single-storey terrace houses have an average land area of 1091 square feet, the double-storey terrace houses with 1996 square feet while the double-storey shop offices are equipped with 3080 square feet area. Each unit price starts from RM350,000, RM588,000 and RM788,000 respectively.