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RM1 Bil Mixed-Use Development by Poly Ritz Coming up in Kuchai Lama

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RM1 Bil Mixed-Use Development by Poly Ritz Coming up in Kuchai Lama EP 2 FRIDAY OCTOBER 13, 2017 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my OCR launches RM1,900 psf serviced apartment UEM Sunrise targets 50% take-up for in KLCC Residensi Solaris Parq by year end O&C Resources Bhd (OCR) has launched its Isola @ KLCC project UEM Sunrise Bhd is eyeing a 50% the positive response from the along Jalan Yap Kwan Seng — with take-up rate for the fi rst phase soft launch and the prime loca- units carrying a price tag of RM1,900 of its latest mixed-use develop- tion of this project. psf — on Oct 7. ment, Solaris Parq in Dutamas, Residensi Solaris Parq fea- The project comprises only 140 Kuala Lumpur by year end. tures more than 30 lifestyle units, with one unit per fl oor across The fi rst phase is the upmar- amenities and facilities, includ- four residential blocks. Built-ups ket Residensi Solaris Parq, which ing a 2-acre urban park. range from 636 sq ft to 3,390 sq ft. comprises two towers of serviced The second and fi nal phase According to OCR managing di- apartments with 576 units that of Solaris Parq — retail, suites rector Billy Ong, 40% of the units range from 721 sq ft to 2,469 sq and office components — will have been sold, while a further 40% ft. Prices range from RM873,800 be rolled out in the next 12 to 18 of the units have been booked. to RM2.9 million, translating into months, said Anwar. The Edge Property Sdn Bhd (1091814-P) Some of the facilities in the de- a GDV of RM755 million. Solaris Parq is located on Level 3, Menara KLK, velopment include a business centre, UEM Sunrise CEO Anwar Syahrin up for Residensi Solaris Parq by the 18.76 acres of freehold land next to No 1 Jalan PJU 7/6, Mutiara resident lounge, sky pool, indoor Abdul Ajib believes that a 50% take- end of this year is achievable, given Publika Shopping Gallery. Damansara, 47810 Petaling Jaya, Selangor, Malaysia gym and party suite. The project has a GDV of RM240 EdgeProp.my million and is slated for completion ment for sale, with a A$29 million listed Royal Exhibition Building and at 73% of the applications in 2Q17. by 2021. (RM95.54 million) price tag. surrounding Carlton Gardens. Furthermore, 72% of the housing loan Managing Director/Editor-in-chief The developer is anticipating The penthouse crowns the resi- borrowers are fi rst-time house owners Au Foong Yee S P Setia sets record a buyer with “distinctive style and dential tower, which is connected via under the aff ordable home category. EDITORIAL prestigious taste” and has fi ttingly a skybridge to a second tower that “For the fi rst eight months of 2017, Editor Lam Jian Wyn price in Melbourne set aside A$5 million to custom- will be operated by luxury 5-star commercial banks approved over Contributing Editor Sharon Kam Deputy Chief Copy Editor S P Setia Bhd’s 650 sq m luxury ise the design, layout and fi nishes brand Shangri-La Hotel. RM42.2 billion and disbursed ap- James Chong penthouse atop its Sapphire By of this plush pad, said S P Setia’s proximately RM39.5 billion in loans Copy Editor The Gardens has taken the title of Australia operations CEO Choong ABM refutes for the purchase of residential prop- Geraldine Tan Melbourne’s most expensive apart- Kai Wai. erties. Financing therefore remains Senior Writer Tan Ai Leng Rehda claims over Writers Rachel Chew, Natalie Khoo, This will include a kitchen de- available for eligible borrowers,” said Shawn Ng, Lum Ka Kay signed by internationally renowned end-fi nancing ABM in a statement on Oct 9. Art Director Sharon Khoh restaurateur Shannon Bennett, him- challenges To recap, the Real Estate and Design Team Nik Edra, Rajita Sivan self a Melbournian. The Association of Banks in Ma- Housing Developers’ Association Ma- “There will even be 10 car spaces laysia (ABM) has refuted allega- laysia (Rehda) president Datuk Seri For New Launches/Events/ made available to the penthouse buy- tions that homebuyers are fi nding it FD Iskandar Mansor had remarked Press Releases/News Tips email: [email protected] er,” Choong said in a press release. tough to obtain housing loans. that “not only is it harder to obtain a Tel: 03-7721 8211 Fax: 03-7721 8280 In addition, the penthouse is ex- “Banks have always been support- housing loan, the loan approval time pected to off er breathtaking uninter- ive in providing home loans to all also takes longer than before”, citing ADVERTISING & MARKETING rupted views of Melbourne, including eligible borrowers. The overall hous- fi ndings from the Rehda property in- Associate Account Director, Advertising & Marketing those of the Unesco World Heritage- ing loan approval rate remains high dustry survey 1H17. Heidee Ahmad (019) 388 1880 Senior Account Managers Cecilia Too (012) 319 7666 trending How do I get past issues of this weekly pullout? Ian Leong (012) 359 1668 Go to www.EdgeProp.my to download for free Account Managers now Jason Jaafar (010) 805 4841 Jeffrey Yeoh (016) 217 9227 Marketing Support & Ad Traffi c Madeline Tan (03) 7721 8218 If you have any real estate-related events, email us at [email protected]. email: [email protected] LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. NEGOTIATOR & CUSTOMER ADVISORY SERVICE Senior Manager Elizabeth Lay Solaris Parq @ Mont’Kiara Green phase 1 in the City of Megamall, Lingkaran Syed Ryan & Miho preview Senior Associate Stannly Tan preview Elmina is a freehold 2-storey Putra, Kuala Lumpur Date: Oct 14 and 15 (Sat and Sun) Associate Karen Wong Date: Oct 14 and 15 (Sat and Sun) linked home development with Contact: (03) 7880 8000 Time: 9:30am to 6pm For enquiries and listings Time: 10am to 5pm unit land size of 20ft by 70ft. Organised by the Real Estate Venue: 9-G Block A, Jaya email: [email protected] Venue: UEM Sunrise The selling price starts from and Housing Developers’ One, Jalan University, GL: (03) 7721 8175/ 8172 Showcase, 21, Jalan Kiara, RM683,888. Sales will be carried Association, Malaysia Property Petaling Jaya, Selangor EdgeProp.my pullout is published Mont’Kiara, Kuala Lumpur out via balloting. Interested Expo 2017 (MAPEX 2017) Contact: (03) 7733 1231 by The Edge Property Sdn Bhd. It is Contact: (1800) 888 008 buyers will need to present their will off er the latest projects OSK Property Holdings available with The Edge Financial UEM Sunrise invites all to identity cards for verifi cation. on the market. There will Bhd is having a preview of Daily every Friday. The pullout is also distributed at more than join the team for an artful also be property talks, fun its Ryan & Miho serviced 200 offi ces, shopping complexes, showcase of Solaris Parq, a Local Blackfriars exhibition activities and prizes, giant apartment project located in condos, medical centres, F&B outlets mixed development located next Date: Oct 14 and 15 (Sun and Sat) board games, popcorn and Section 13, Petaling Jaya this and LRT stations in the Klang Valley. You can also download it for free at to Publika Shopping Gallery in Time: 11am to 7pm cotton candy giveaways as well weekend. Indicative prices www.EdgeProp.my Dutamas. The developer will Venue: Bintang 6, Level 4, JW as a blood donation drive. are from RM488,000. Light also be unveiling the fi rst phase Marriott Kuala Lumpur, 183, refreshments wil be served. of the development, Residensi Bukit Bintang Street, Bukit Mah Sing’s Deepavali Th e Edge Malaysia Solaris Parq, this weekend. Bintang, Kuala Lumpur celebrations Chiswick Gate @ London Contact: (03) 7939 5555 Date: Oct 13 to 22 (Fri to Sun) showcase in KL Publisher and Group CEO Hartamas Real Estate (M) Sdn Time: 10am to 10pm Date: Oct 14 and 15 (Sat and Sun) Ho Kay Tat Bhd, the appointed agency for Venue: Star Avenue Lifestyle Time: 11am to 6pm EDITORIAL Local Blackfriars — a residential Mall, Jalan Zuhal U5/179, Pusat Venue: Straits Boardroom, The Editor-in-Chief Azam Aris project located in Manchester, Komersial Arena Bintang, Westin Kuala Lumpur, 199, Jalan CORPORATE Chief Operating Offi cer UK — invites interested investors Seksyen U5, Shah Alam Bukit Bintang, Kuala Lumpur Lim Shiew Yuin to explore the project which Contact: (03) 7734 1165 Contact: (010) 438 9169 / ADVERTISING & MARKETING comprises 380 apartments, Mah Sing will be displaying (016) 645 9797 Chief Commercial Offi cer Sharon Teh (012) 313 9056 townhouses and penthouses. It is the “Peacock of Light” at the Knight Frank, the appointed General Manager Offi cial launch of Elmina a 5-minute walk to Manchester Star Avenue Lifestyle Mall for agency of Chiswick Gate @ Kingston Low (012) 278 5540 Green phase 1 central business district. Prices the entirety of the Deepavali London, is organising a showcase Senior Sales Managers Date: Oct 14 (Sat) start from £160,000 (RM895,000). festive period. Other activities of the project this weekend. The Fong Lai Kuan (012) 386 2831 Gregory Thu (012) 376 0614 Time: 8.30am to 10.30am include zumba classes with project consists of apartments Kamalesan Parama (012) 394 4855 Venue: Elmina Pavilion, MAPEX 2017 Indian dance choreography, and townhouses with selling price Michael Tan (012) 213 0252 Persiaran Elmina, Elmina Date: Oct 14 and 15 (Sat and Sun) candle-holder-making workshop, from £618,000 (RM3.45 million) Creative Marketing Chris Wong (016) 687 6577 East, Shah Alam, Selangor Time: 10am to 9pm Bollywood dance performance and £1.9 million, respectively. It Head of Marketing Support Contact: (03) 7831 2253 Venue: Mid Valley Exhibition and limited-edition candle is located in zone 3 and a short & Ad Traffi c Sime Darby Property’s Elmina Centre, Mid Valley holders for redemption.
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