KUALA LUMPUR, Malaysia Land Properties Sdn Bhd (Mayland) is making a comeback with two new residential launches in Kuala Lumpur worth a combined RM1.15 billion in gross development value (GDV). The developer is also targeting to nearly double its sales to RM680 million this year, compared with RM380 million in 2024.
The first project, Majestic @ Kiara Reserve (Majestic Kiara), is a 4.8-acre freehold development in Desa Sri Hartamas comprising villas, parkhomes and condominiums. With a GDV of RM551 million, the project will be rolled out in two phases, beginning in 4Q2025 with 79 villas and 57 parkhomes.
The second launch, Royal Garden, is the final phase of the Sri Putramas master plan along Jalan Kuching. Spanning 2.3 acres of freehold land, the RM600 million project will feature 600 condominium units across two adjoining towers of 30 and 31 storeys.
Meanwhile, Armani Group reported that Armani Hallson KLCC has achieved 70% take-up since its August debut. Built on the former SJKC Lai Meng site along Jalan Ampang, the 2.61-acre freehold development comprises a 68-storey tower with 775 SoHo units and two towers of 78 storeys housing 1,440 SoVo units.
This week’s issue also features insights from 17 property industry leaders on their Budget 2026 expectations, including calls for a review of the expanded sales and service tax, the revival of the Home Ownership Campaign, measures to rejuvenate ageing assets and policies to support an ageing population.
At the recent RICS-MIPFM International Property Conference 2025 on Sept 9, Kuala Lumpur mayor Datuk Seri Maimunah Mohd Sharif stressed the need for an ecosystem approach to future-proof cities and extend the lifespan of the built environment. Industry experts also discussed property and facilities management trends, with a focus on sustainability, ageing infrastructure and technology adoption across the asset lifecycle.
