In a landmark achievement for the Malaysian property sector, 168 Park Selayang has successfully revitalised an abandoned housing project that had languished for nearly a decade. By exceeding the terms of the original Sale and Purchase Agreement (S&P) and delivering exceptional enhancements, the developer has transformed the development into a beacon of quality and trust in the industry.
The Honourable Minister of Housing and Local Government of Malaysia, Nga Kor Ming, commended the developer’s efforts during his recent visit to the site. He hailed the project as a shining example of excellence, noting that buyers were not required to make additional payments despite significant upgrades.
“This is a significant achievement, as the project has been completed with excellent quality without adding financial pressure or burden to the buyers,” said Nga.
“In 2022, we were grateful that the High Court appointed the parent company of 168 Park Selayang, Infra Segi, as the rescue contractor and project manager to revive this development. The High Court’s decision successfully saved a project comprising 2,093 units with a gross development value of RM1.12 billion. …The units were sold at an affordable price of RM290,000, making it achievable for many. I have visited your beautiful swimming pool, international-class gymnasium, and full condo facilities. All at an absolutely affordable price.”
Nga also highlighted the government’s success in addressing sick and abandoned housing projects. Between 2022 and 31 October 2024, a total of 862 projects were rescued, benefitting 102,808 buyers and representing a gross development value (GDV) of RM85.82 billion. “With developers like 168 Park Selayang, the government’s goal of achieving zero abandoned housing projects by 2030 is well within reach,” he added.
Reviving Selayang Star City
Originally known as Selayang Star City, the abandoned project has been revitalised under the judicial management of Infra Segi Sdn Bhd. Block C, now called Spring Residence, was the first to be completed, with the Certificate of Completion and Compliance (CCC) already issued. Buyers have taken possession of units enhanced with modern design upgrades, including upgraded flooring, ceiling-height bathroom tiles, and spray-tiled facades.
Edward Lum, CEO of 168 Park Selayang Sdn Bhd, expressed pride in the company’s accomplishments: “Despite starting on a negative slate, we took on the challenge and faced many difficulties along the way. …We are proud to say that this project has given us the confidence to take on new projects and in our abilities to deliver products of exceptional value, with designs tailored to meet the modern lifestyle and evolving needs of today. Selayang is transforming into a vibrant and dynamic township, and 168 Park Selayang is at the heart of this new chapter, reshaping the skyline and setting new standards for the area.”
Construction on the other two blocks is well underway. Lush Residence (Block A) is over 75 per cent complete with a 96 per cent take-up rate with units ranging from 560 to 950 square feet and a starting price of RM294,000, while Bole Residence (Block B) has surpassed 35 per cent completion with a 45 per cent take-up rate offering unit sizes between 674 and 1,074 square feet and a starting price of RM397,000. Both blocks are expected to be completed on or ahead of schedule, with CCC issuance for Block A targeted for the second quarter of 2025.
The development also features the operational 168 Park Mall, which includes retail tenants like Village Grocer, Harvey Norman, Anytime Fitness, Llao Llao, and Chagee. The mall’s two-floor sports centre will soon introduce the area’s first pickleball facility. Strategically located, the project is accessible via major highways, including the Middle Ring Road 2 (MRR2), DUKE, and the Kepong-Selayang Highway, enhancing its appeal to residents and investors alike. 
