By Sharen Kaur
sharen@mediaprima.com.my
Published in NST on April 3, 2013
sharen@mediaprima.com.my
Published in NST on April 3, 2013
KUALA LUMPUR: Sunway Bhd, controlled by property tycoon Tan Sri Jeffrey Cheah, aims to replicate its two projects, Sunway Montana and Rymba Hills, if it finds land which is suitable for the development.
Ho Hong Sang, managing director of Sunway's property development division, said it is scouting for land in the Klang Valley with similar features to the two projects.
Sunway Montana, located in Desa Melawati, is an exclusive hillside enclave. The hallmark features include an exclusive 5.63ha private forest with skywalk.
Rymba Hills features a 2.61ha private forest and well-planned park-inspired environment, nature trails, meditation pavilions and exercise par courses.
Located in Sunway Damansara, it consists of 80 units of leasehold three-storey villas, with a price range of RM4 million to RM4.9 million per unit. The units are sold and completed.
"We will replicate these two developments if there is another piece of land available for development. We will continue to scout for good locations," Ho told Business Times yesterday, during a visit to the Sunway Montana clubhouse.
With an estimated gross development of RM550 million, Sunway Montana comprises three components - courtyard villas, semi-detached homes and town houses.
This low-density development also offers exclusive clubhouse facilities, which were built for RM10 million, and gated community with patrolling services.
Almost 60 per cent of the development is green with extensive landscape.
Phase One, comprising 57 units of courtyard villas (fully sold) and 50 semi-detached homes (70 per cent sold) were launched at the end of 2011.
Ho said the prices of these properties have increased by 15 per cent since the launch.
"The current price for the courtyard villas and semi-detached homes are RM2.1 million and RM2.9 million respectively. We have just launched Phase 2 and sold about 30 per cent of the units," Ho said.
Phase 2, dubbed the Gardens Homes, consists of 198 units of three- and four-storey townhouses, each worth RM1.4 million to RM1.7 million, or a combined RM280 million.
Ho said majority of the buyers for Sunway Montana were locals, mainly up-graders looking for a better-quality life.
"We are not just selling a real estate but an environment. This is the lifestyle people are looking for. Landed property will always be sought after," he added.
Ho Hong Sang, managing director of Sunway's property development division, said it is scouting for land in the Klang Valley with similar features to the two projects.
Sunway Montana, located in Desa Melawati, is an exclusive hillside enclave. The hallmark features include an exclusive 5.63ha private forest with skywalk.
Rymba Hills features a 2.61ha private forest and well-planned park-inspired environment, nature trails, meditation pavilions and exercise par courses.
"We will replicate these two developments if there is another piece of land available for development. We will continue to scout for good locations," Ho told Business Times yesterday, during a visit to the Sunway Montana clubhouse.
With an estimated gross development of RM550 million, Sunway Montana comprises three components - courtyard villas, semi-detached homes and town houses.
This low-density development also offers exclusive clubhouse facilities, which were built for RM10 million, and gated community with patrolling services.
Almost 60 per cent of the development is green with extensive landscape.
Phase One, comprising 57 units of courtyard villas (fully sold) and 50 semi-detached homes (70 per cent sold) were launched at the end of 2011.
Ho said the prices of these properties have increased by 15 per cent since the launch.
"The current price for the courtyard villas and semi-detached homes are RM2.1 million and RM2.9 million respectively. We have just launched Phase 2 and sold about 30 per cent of the units," Ho said.
Phase 2, dubbed the Gardens Homes, consists of 198 units of three- and four-storey townhouses, each worth RM1.4 million to RM1.7 million, or a combined RM280 million.
Ho said majority of the buyers for Sunway Montana were locals, mainly up-graders looking for a better-quality life.
"We are not just selling a real estate but an environment. This is the lifestyle people are looking for. Landed property will always be sought after," he added.
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