Perth-based Psaros introduces two projects to Malaysians

PETALING JAYA (Sept 17): Perth-based property developer Psaros will be introducing two residential projects in Australia, namely Sundance and Edge, to Malaysian investors this weekend.

The properties will be showcased at Evergreen Laurel Hotel in Gurney Penang and at Eastin Hotel in Petaling Jaya on Sept 19 and 20.

“Savvy property investors will welcome these releases as they increasingly recognise the significant investment potential the state capital of Perth offers due to the city’s growth and the current exchange rate,” said CEO Danny Psaros in a press release on Sept 17.

Sundance is a 7-storey, resort-style project featuring 100 luxury apartments located on Brighton Road, 500m from the beach.

It will include a pool, gym and sustainability initiatives designed to reduce living costs for residents. Sundance units are selling from A$379,000 (RM1.6 million).

Sundance is scheduled for completion in 2017.

Psaros said the suburb of Scarborough is currently undergoing a massive rejuvenation, which will include A$26 million ocean-side swimming pool, cafés, boardwalks and retail precincts.

“The sheer number of enquiries we’ve received so far, is a ringing endorsement of the attitude towards this redevelopment of Scarborough. People can see Sundance’s potential, both from a lifestyle and investment perspective, and they want to be part of Perth’s next booming suburb,” said Psaros.

Meanwhile, Edge, located in the city, comprises 96 units of one- and two-bedroom apartments and selling price starts from A$445,000. Each unit will come with a parking space.

Edge is targeted to for completion in April 2016.

According to Psaros, Edge has sustainability features such as solar power, hot water generation and solar passive design. It will have its own citrus grove with lemon and orange trees.

“The trees will be planted on the 6th floor recreation deck, situated 30m above the ground. Not only is it a Western Australia first, but it’s also the highest citrus garden in the world,” said Psaros.