KUALA LUMPUR: Best Boulevard Sdn Bhd, which has been facing objections from residents for the redevelopment of the Pandan Lake Club in Pandan Perdana, has decided to scale down its high-rise property development.
Best Boulevard project director Lee Yeow Hian said the company, which is a subsidiary of Beverly Group Sdn Bhd, had taken into account the residents’ concerns after a public hearing on Aug 24.
“The initial plan was to have 51 storeys but we have decided to scale it down to 45 storeys after the public hearing.
The gross development value (GDV) of the new plan is RM600mil to RM700mil,” he said at a meeting yesterday.
Also present at the meeting were Pandan Perdana Residents Association chairman Lim Ah Chai and fellow residents.
Lee said the company was ready to let go about RM120mil in terms of GDV for the 210,000 sq ft of gross floor area due to the scaledown.
Nevertheless, he said the group would submit its plan this week to the Ampang Jaya Municipal Council (MPAJ) for approval.
The project will be undertaken on 4.48ha involving the construction of a 39-storey block of serviced apartments with 744 units and two small office-home office (SoHo) blocks of 35 and 36 storeys each with a total of 1,270 units.
“Work would start only after obtaining the approval from MPAJ. The target launch date is sometime around Chinese New Year 2014,” Lee said.
In addition, Best Boulevard has proposed to MPAJ to hand over its sales gallery for the development to the latter so that it can be turned into a community hall or other facilities for the community in Pandan Perdana.
Lee likened the suburb to a “sleeping beauty”, given the presence of the lake.
“There are not many developments that can incorporate nature such as a lake.
“We have the concept. We are confident,” he said when asked why the developer had opted for such a massive development in a suburb.
During the meeting, Lee also explained public concerns such as construction vehicle access, foundation works without hydraulic or diesel hammers being used as well as other issues to the resident representatives.