KUALA LUMPUR (May 23): Sime Darby Property is planning to launch the second tower of Quarza Residence at its KL East integrated development early next year.
Sime Darby Property’s KL East head of township Mohd Shahreza Maswan told TheEdgeProperty.com that there will be a total of 254 serviced apartment units with three unit sizes — 650 sq ft, 850 sq ft and 865 sq ft. Indicative prices are from RM900 psf. The gross development value of Tower B is estimated at RM200 million.
"We are targeting young families and first-time homebuyers. We are also looking at investors. Some of our facilities include a futsal court, a multi-purpose hall, a 50m wading pool and a roof top garden," said Shahreza after a media tour of KL East today.
KL East is a 153-acre fully integrated residential, lifestyle and commercial enclave in the eastern part of KL. KL East stands out in the area with its grand backdrop of the world’s longest quartz ridge.
KL East is also known as an integrated transit adjacent development (TAD) due to its proximity to the Gombak Integrated Transport Terminal (GITT) comprising the Gombak Light Railway Transit (LRT) station (on the Kelana Jaya LRT line), Rapid KL taxi hub, as well as a bus terminal for buses to Genting Highlands, all within easy reach via a proposed 800m covered pedestrian walkway. It is located just 15 minutes away from KLCC, and five minutes to the Gombak and Sri Rampai LRT stations.
"Quarza Residence sits atop an upcoming mall which will occupy the lower four levels. The mall will be opening in November next year, and we have secured some anchor tenants including Jaya Grocer, MBO Cinema and Camp 5," said Shahreza.
Tower A of Quarza Residence was launched in May last year and is 60% taken up. Built-ups for the units range from 651 sq ft to 850 sq ft with average selling price of RM900 psf. Both Tower A and Tower B are scheduled for completion by end-2019.
Another project in KL East is The Veo condominium. Comprising 350 units, the development is expected to be completed in September this year.
'I will say that when you buy a property in KL East, you are not just buying the project but the entire development — the amenities and facilities present in this integrated development. It is a very self sustaining township," Shahreza concluded.