Maxim Global Bhd has launched Residensi Maxim Risen, a high-rise property project in Cheras, Kuala Lumpur, with a gross development value of RM562 million.
Maxim Risen is made up of two blocks of apartment suites totaling 1,236 units spread across 1.05 hectares.
According to the developer, there will be three unit types, with prices ranging from RM321,000 to RM513,000 for two or three bedrooms.
In a filing with Bursa Malaysia, it said that the project is located within a matured township in Cheras, specifically at Taman Desa Aman.
The area is well connected with various major roadways, making accessibility simple, it said.
The project is also surrounded by various amenities, such as a healthcare centre and prestigious schools, and is a short walk from EkoCheras Mall, Cheras Leisure Mall, and the Taman Mutiara MRT station.
Maxim Global stated in the filing that it has replenished its land bank in various strategic locations throughout Klang Valley in previous fiscal years.
According to the company, it is currently acquiring land at Prima Setapak in Kuala Lumpur for the next development.
It plans to start a project to build affordable housing, upon obtaining all the necessary approvals.