PETALING JAYA (June 26): Sunway Property is set to launch Citrine Lakehomes at the Lakeview Precinct of Sunway Iskandar, Johor in July.
With a gross development value (GDV) of RM310 million, Citrine Lakehomes spans 24.55 acres and consists of 361 double-storey linked houses, double-storey link cluster homes and townhouses, said Sunway Iskandar chief executive officer Gerard Soosay. The built-ups for the units will range from 2,066 sq ft to 2,299 sq ft.
“The indicative selling prices for the townhouses are between RM550,000 and RM630,000 while the prices for the link houses and link cluster houses will start from RM760,000 and RM850,000, respectively,” he added.
It targets to complete the project by the second quarter of 2020.
Soosay noted that Citrine Lakehomes is strategically located next to the 20-acre Emerald Lake Garden and Citrine Commercial Hub, walking distance to Sunway International School, and 500m from the Seafront Precinct and future theme park. Residents can take a short walk or cycle along the seafront or head down to these other precincts to go to the supermarkets and eateries.
The homes are targeted at Johor and Singapore’s working adults and those who are planning to retire in a peaceful and cozy environment, said Soosay.
“Most of our properties cater mainly to local buyers and Singaporeans. We constantly monitor the market and will only launch products that are in demand. Our focus is more on developing integrated developments as we want to ensure there’s a conducive ecosystem that supports the community’s growth,” he added.
He pointed out that Sunway Property’s projects usually feature quick access to public infrastructure in the form of direct links or connecting bridges to its developments.
“In Sunway Iskandar, the soon-to-be-completed Coastal Highway Southern Link is expected to provide excellent connectivity to the residents and business owners in Iskandar Malaysia. It will be about 5km to Singapore,” he said.
Sunway Iskandar is the developer’s largest integrated city at 1,800 acres and an estimated GDV of RM30 billion. It comprises six precincts, namely the Lakeview, the Capital, the Marketplace, the Parkview, the Seafront and the Riverside.
Its key components include educational, leisure hot spots, healthcare and recreational components to ensure residents have ample amenities ready for them when they move in.
This story first appeared in TheEdgeProperty.com pullout on June 23, 2017. Download TheEdgeProperty.com pullout here for free.