Gamuda Land to launch first non-landed residences at twentyfive.7 by mid-2018

KOTA KEMUNING (Jan 26): Gamuda Land is looking to officially launch the first non-landed homes, The Amber Residence, in its twentyfive.7 township in Kota Kemuning, Selangor by mid-2018.

With a GDV of RM313 million, The Amber Residence is a mixed-development comprising two 30-storey serviced apartment blocks and 32 units of 2-storey retail shops.

A preview of the project will be held this weekend (Jan 27 and 28) in conjunction with the official opening of twentyfive.7’s new property gallery. See the details of the event here.

Situated on a 4.3-acre leasehold tract, The Amber Residence will offer 596 residential units with built-ups between 552 sq ft and 1,000 sq ft. Tower A will have 275 units while Tower B will have 321 units. Prices start from RM417,800.

According to Gamuda Land CEO Ngan Chee Meng, The Amber Residence is targeted at young families and working professionals who prefer a compact home with minimal upkeep.

“We feel that younger homebuyers emphasise a lot on affordability and prefer vertical living with less maintenance,” he told EdgeProp.my.

The Amber Residence facilities include a swimming pool and wading pool, gymnasium, multi-purpose court, barbecue deck, yoga deck, children’s playground, herb gardens, jogging track and sky garden.

“We are giving homebuyers of The Amber Residence full-fitted wardrobes as well as kitchen hob and hood, so it’s really convenient for homebuyers as they can move in with just a few pieces of basic furniture,” said Gamuda Land project director Aw Sei Cheh.

To create vibrancy in the new township, the developer is banking on the township’s waterfront commercial hub known as Quayside.

“When a place lacks vibrancy, it’s very hard to attract people to stay in non-landed homes. At twentyfive.7, we have Quayside to make this a place where people want to be while offering them convenience,” said Ngan.

With a net lettable area of 300,000 sq ft, which is able to fit about 110 retail shops, Quayside’s key tenants are MBO Cinemas, Tai Thong Restaurant, Jaya Grocer, Mr DIY, B.bap, Caring Pharmacy, Guardian Pharmacy, Watsons Pharmacy, Poliklinik Shaik and Ooi & Khor Dental Surgery.

The commercial hub also features a Designer District for young designers and start-ups, as well as an Event Plaza, a boardwalk, a cantilevered Skydeck over the lake and a running track. It is expected to be completed by the end of 2019 or early 2020.

The 257-acre twentyfive.7 is an integrated landed strata township. It was launched in July 2017 with 181 units of superlink homes and 98 units of semi-detached homes. Ngan said about 30% of the landed homes have been sold.

The township is accessible via the Shah Alam Expressway, North-South Expressway Central Link (ELITE Highway), South Klang Valley Expressway and Kemuning-Shah Alam Highway. The leasehold development has a GDV of RM4 billion.

“We had launched [twentyfive.7] without a property gallery [at the actual site], so when the sales gallery was completed at end-November, sales started to pick up.

“For us, it’s about placemaking and fostering a community that will be proud of living here. We want to make sure that we get things right for this township, so we put in Quayside, which would play a role in giving vibrancy to the township. We envisage Quayside to be a placemaking hub for the residents.

“On top of that, all amenities are connected, where they are walkable or can be accessed via cycling. We would like homebuyers to come home to a relaxing environment,” he said.

Besides The Amber Residence, the developer is planning a few other launches this year, including at the 1,500-acre Gamuda Cove. According to Gamuda Bhd’s 2017 annual report, the township has an estimated GDV of RM19.3 billion and is located opposite the Cyberjaya/Putrajaya interchange along the ELITE Highway.

On the property market, Ngan said he is “cautiously optimistic” about its outlook for the year.

“Many people are talking about being cautious but I’d like to add the word optimistic here because it’s about getting things right.

“2017 has been good [to us], which is to our surprise as well. We have achieved record sales for our last financial year with about RM2.4 billion sales. So for this year, we are targeting RM3.5 billion sales.

“The location, connectivity, design and planning — homebuyers can tell if any of these things is not right. To us, sustainability is the key and the overarching theme for all of our townships,” he added.

This story first appeared in EdgeProp.my pullout on Jan 26, 2018. Download EdgeProp.my pullout here for free.