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PETALING JAYA (Jan 24): IJM Land Bhd, the property development arm of IJM Corp Bhd has seen 70% of its Waterside Residence at The Light in Penang taken up over its launch last weekend.
“Buyers at the new condominium are mainly locals and are capitalising on the strategic location and upcoming surrounding lifestyle amenities within walking distance.
“There were already strong enquiries for this project ahead of the official launch. It is a positive sign as genuine buyers are still looking for opportunities to invest.
“Property buyers remain discerning. We are confident that we will continue to see good demand given its right mix of attributes [strategic location, competitive pricing and amenities],” said IJM Land managing director Edward Chong in a statement.
The Waterside Residence is the first residential tower in The Light Waterfront Phase 2, with an estimated gross development value (GDV) of RM240 million.
The freehold project has three residential blocks of 17, 25 and 33 storeys, with 256 condominium units with built-ups ranging between 1,055 sq ft and 1,270 sq ft. Prices start from RM749,000.
Each unit comes with at least two parking bays while amenities include swimming pool, jacuzzi, gymnasium, reading room and storage lockers.
According to IJM Land, Waterside Residence will be slated for completion by 2020. Construction works will commence in mid-2017.
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