indepth

Yong Tai launches maiden project in KL

Yong Tai

KUALA LUMPUR: Yong Tai Bhd’s first residential project in Kuala Lumpur called Impression U-Thant is set for launch this Saturday.

A joint development with KOF Holdings Sdn Bhd, Impression U-Thant is a high-end, low-density condominium project on a 1.2-acre freehold site along Jalan U-Thant, Kuala Lumpur.

“It is a single-block project with a GDV of RM210 million. It only has 10 floors including the facilities floor on the top level,” Yong Tai CEO Datuk Wira Boo Kuang Loon told EdgeProp.my.

The 108 units available for sale have built-up sizes ranging from 782 sq ft to 1,632 sq ft,
while prices start from RM1.3 million or RM1,700 psf.

The Melaka-based listed developer’s existing projects are in the state. It is currently developing its flagship Impression City Melaka with a GDV of RM7 billion.

The design concept of Impression U-Thant encourages residents to enjoy both outdoor and indoor recreational activities. Facilities in the project include the barbecue pavilion, the community garden, foot reflexology path, convenience shop, poolside party pavilion, indoor and outdoor gyms, aqua gym, swimming pool, Jacuzzi, social and picnic terrace, sunset bar, and the Pilates and yoga deck.

Besides the 20 facilities within the development, another unique selling point of the project is that the units feature a dual-key design, and are semi-furnished and equipped with a smart home system.

The development is strategically located along Jalan U-Thant overseeing the Royal Selangor Golf Club and is near the Embassy Row. It is well connected by major city roads such as Jalan Tun Razak.

Yong Tai

“Impression U-Thant is a significant property development for Yong Tai in its pursuit to offer unique lifestyle experiences to its homebuyers. We are confident it will set a benchmark in the property development market with its unique and new offering,” said Boo.

He expects a 50% take-up at the official launch this weekend. The development is slated for completion by end-2020.

Following the launch of its maiden project in Kuala Lumpur, the developer will be focusing on Impression City in Melaka. The 138-acre development comprises residences, hotels, DIY experience centres, commercial hub as well as an international standard indoor theatre with a 360-degree rotating auditorium — the Encore Melaka.

“Encore Melaka theatre in Impression City is going to be completed this May. The construction for Dawn and Amber Cove is in progress. Terra Square, the shopping mall located next to the theatre, is also under construction and currently open for lease,” Boo shared.

Coming up on a 15-acre site within Impression City, Encore Melaka is also a franchise and the 10th Impression Series from China and, notably, the first outside China.

This story first appeared in EdgeProp.my pullout on April 13, 2018. Download EdgeProp.my pullout here for free.

SHARE
RELATED POSTS
Knight Frank: Kuala Lumpur’s prime housing market to hold firm in 2019
Malaysia's cost of living rises but still has some of the cheapest locations for expats
Tourism and economy will suffer if entertainment closes early, says group