Our Cheras area will get more congestion in the future with new real estate development being planned by developers.
KUALA LUMPUR: Chin Hin Group Property Bhd has signed a development agreement worth RM103 million for a new residential project in Taman Connaught here.
In a filing with Bursa Malaysia, it said the agreement was signed between its unit Avion Connaught Sdn Bhd and Grand Uptown Sdn Bhd, which owns the land.
Under the deal, Avion Connaught will develop a 99-year leasehold parcel measuring about 20,330 square metres into a residential project with condominiums, retail shops and parking facilities.
Chin Hin said it will pay a reimbursement sum of RM103 million to Grand Uptown and will have full rights to design, develop, sell and manage the project.
The development, with an estimated gross development value of RM1.15 billion, is expected to begin in the second quarter of 2026 and be completed by the second quarter of 2031.
Traffic congestion will certainly happen. Now, congestion is already happening daily from Taman Midah towards 9th mile.
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