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Tuesday, December 27, 2011

Property: Klang Valley elite enclaves in the making

With the rise of luxury property developments all over the Klang Valley, picking the next elite residential address may not just be confined to paying over RM1,000 per sq ft.

While elite enclaves like Bukit Tunku, Taman U Thant as well as certain sections of Damansara Heights may offer snob appeal to wealthy property buyers, such neighbourhoods may not necessarily have everything that today's lifestyle expectations demand. For instance, iconic architecture and integrated facilities.

Residential property specialist Chan Ai Cheng picks several upcoming developments that will shape up to be elite residences when completed.

Chan Ai Cheng: Iconic design by distinguished architectural firms is a must for landmark developments

“The overall concept is important,” said Chan, who is S.K. Brothers Realty Sdn Bhd general manager. And for top places to live in the near future she cites:

Symphony Hills (Cyberjaya) by UEM Land Bhd

KL Metropolis by Naza TTDI group

KL Eco City by SP Setia Bhd

Bangsar South by UOA Holdings Bhd.

Today's discerning property buyers, she explains, will look at developments that offer a modern lifestyle concept with a combination of desirable factors lush greenery, iconic design by distinguished architectural firms and high quality material.

“The right mix of products such as an integrated development combining residential with commercial and retail property is another attraction,” said Chan.

“The convenience of the place itself, that is, being self-contained with a concept that combines life, work and play' as well as easy access and connectivity to other locations would be another significant factor.”

She points out that when it comes to inspiring developments, the futuristic enclave of Cyberjaya will be one of the best places to live.

“Cyberjaya offers selected developments that are beautiful in concept and way of life such as the Symphony Hills development,” said Chan.

Developed by UEM Land, Symphony Hills is a mixed strata project that forms part of a development spanning 98 acres.

Located near the Multimedia University, UEM Land plans to build 2,865 residential and commercial units with a gross development value (GDV) of RM1bil within eight years.

KL Metropolis

Touted as KL's new international trade and exhibition district, KL Metropolis spans 75.5 acres and reportedly involves a GDV of RM15bil. The project will house the new Matrade Centre and other building components.

To be ready by 2016, the Matrade Centre will cover 13.1 acres while the remaining 62.4 acres would be developed in three phases over 15 years.

The whole development is expected to be completed by 2025. The first phase include residential and office towers as well as a regional retail centre scheduled to be ready by 2015.

KL Eco City

KL Eco City is developed by SP Setia through its subsidiary KL Eco City Sdn Bhd. Involving 25 acres of leasehold land, the project with a GDV of RM6bil comprises an integrated, mixed-use development. It is estimated to take 10 years to complete.

The master plan is by Jerde Partnership International USA in partnership with local architectural firms GDP Architects Sdn Bhd, BEP Akitek Sdn Bhd and GRA Architects Sdn Bhd.

Bangsar South

Bangsar South is another integrated, high-density development with residential and commercial properties.

Besides its central location at Kampung Kerinchi next to the Federal Highway, this 60-acre development by UOA Holdings boasts of excellent Internet and transport connectivity.

Launched in 2007, it will take about 10 years to complete. Total GDV is RM2.5bil.

By The Star

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