Freehold Land 4.90 Acres Bandar Mahkota Cheras

An excellent opportunity to acquire freehold development land located within the mature township of Bandar Mahkota Cheras, one of the most established residential areas in the Cheras corridor.Surrounded by fully developed neighbourhoods, commercial centres and daily amenities, this land is ideal for residential development or strategic land banking with strong end-user demand.Land DetailsLocation: Bandar Mahkota Cheras, Mukim CherasLand Area: 1.9818 hectares / 4.8972 acresTenure: FreeholdCurrent Use: AgriculturalTerrain: Flat landSurrounding: Established residential areaAsking Price: RM77 psfTotal Price: RM16,425,576 (Negotiable)Development Strengths;-Freehold land within a fully matured township-Flat topography reduces earthwork and construction cost-Suitable for landed housing, low-rise strata or boutique residential projects (subject to approval)-Strong owner-occupier and rental market in Mahkota Cheras-Limited remaining land parcels of this size in the areaPrice Comparison & Market Positioning;-Bandar Mahkota Cheras residential land: commonly transacting at ~RM90 – RM120 psf-Nearby mature Cheras townships: typically RM100 – RM150 psf, depending on zoning and accessibilitySubject land asking at RM77 psf:-Below prevailing market average-Attractive entry price for developers-Allows room for healthy GDV margin and pricing flexibilityThis pricing presents a strategic advantage for developers seeking lower land cost within a proven residential market.Ideal For;Landed residential developmentLow-rise strata housing (subject to authority approval)Medium-term land banking with capital appreciationA rare freehold land parcel in Bandar Mahkota Cheras offering competitive entry price, mature surroundings, and strong development fundamentals.Contact for feasibility discussion, layout review & site inspection.