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Friday, July 9, 2010

Suntrack sells 85pc of project before launch

SUNTRACK Development Sdn Bhd has sold 85 per cent of its RM115 million high-end project dubbed "SummerGlades" in Cyberjaya, Selangor, even before its launch.

The low-density development comprises 137 units of 2-storey terraced villas with a built-up of 3,000 sq ft. Each house is worth RM760,000 to RM1.2 million.

Project director James K.K.Tan said SummerGlades sold well because of the size of the houses, the layout and open space.

He said majority of the buyers are locals who work in Cyberjaya. Less than 5 per cent are investors from Indonesia.

"Cyberjaya is more vibrant now compared with five years ago. There is a lot more development here and this has improved demand for new housing.

"A house like that in SummerGlades will cost more if it is located in Kuala Lumpur. People are buying to live in Cyberjaya.

The project is located in the prestigious Perdana Lakeview West, just across the majestic 395ha Putrajaya Lake.

The layout has been conceptualised to be resort chalets cum holiday homes. There are several blocks of houses on curved streets, each with 3 or 4 units.

Each house has five bedrooms and five bathrooms. The living, dining and the bedrooms all have views of the garden and street landscape. Some houses are fronting a 2.4ha wetland park.

Tan said 40 per cent of the 9.2ha freehold project will be covered in green on flat ground, making it one of Malaysia's greenest developments around.

The guarded community is protected by 24-hour surveillance, guards and perimeter fencing.

Tan said SummerGlades will set a new standard for the property market.

The houses are designed to be green. Clay bricks are used for cooling effect. There is natural ventilation and lighting in every home.

"Our window frames are bigger performance window frames so they are more air tight. We are almost like a fashion designer so there will be very minimal post renovation work," Tan said during a media preview in Cyberjaya yesterday.

Tan said the project, which will be completed by first quarter 2012, will be submitted for the Fiabci, as well as CNBC, Bloomberg Asia and the Institute of Landscape Architects Malaysia awards.

By Business Times

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