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Friday, June 27, 2008

PJD sees brisk sales

KUALA LUMPUR: PJ Development Holdings Bhd (PJD) has sold all 185 serviced apartments in one of two blocks for its Swiss-Garden Residences project.

Executive director Yap Yoon Kong said the 33-storey Tower A was fully sold when the 1.7-acre freehold development at Jalan Galloway, off Jalan Pudu here was launched on May 31.

Yap Yoon Kong (left) and James Chew with a model of the Swiss-Garden Residences.

“We launched the 37-storey Tower B the following weekend and sold about 40% of the 251 units,” he said, adding that buyers were local and foreigners from Hong Kong and Singapore.

Yap said construction work would be stepped up in view of the rising costs. “We have made some adjustments with our contractors who are also committed to ensuring the success of the project,” he told StarBiz.

He said the apartments, priced from RM333,888 for the first block were the only one of its kind in the area and would be managed by the Swiss-Garden International Hotels, Resorts & Inns.

The apartments have built-up areas ranging from 550 to 2,700 sq ft for the penthouse units. Tower A has four layout designs and Tower B seven.

The facilities include 24-hour security, CCTV cameras, access card system to the lifts, squash court, sauna, infinity and wading pool, gymnasium and children’s play area while services include broadband, laundrette and convenience store. There will also be a banquet hall and function rooms.

Slated for completion in April 2011, the project is being developed by Superville Sdn Bhd, a wholly-owned subsidiary of PJD.

Superville general manager James Chew said buyers would get a free parking bay per unit. There will be basement car park and five levels of above ground car park. There will also be a link to the adjacent Swiss-Garden Hotel.

Chew said sales were still moving despite the recent oil price increase. “When we did piling the price of steel was RM1,800 per tonne. It has now gone up to RM4,000 per tonne.”

PJD has several projects in the pipeline. They include the leasehold Sierra Oakleaf in Bukit Antarabangsa here that would be developed on a “build-then-sell” concept. It would comprise 20 semi-detached homes priced around RM2mil each.

The company bought over a project in Jalan Tun Razak a year ago. It plans to build offices and retail units there and hopes to sell it en bloc.

It also has a high-end project called Duta Kingsbury @ Dutamas in Sri Hartamas here where it will build three-storey super-link houses and two blocks of condominiums.

Yap said it has not yet decided on the launch dates of the three projects.

By The Star - StarBiz - (by S.C.Cheah)

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