Platinum Victory focuses on affordable type projects including a JV with Jakel this year

KUALA LUMPUR (March 4): Platinum Victory Sdn Bhd plans to launch a few competitively priced projects in Setapak this year, namely Platinum Casa Danau, The Ark by Platinum and mixed development J. Satine, which is a joint-venture with Jakel Group. Other projects in the pipeline in the Klang Valley include Vista Saujana and Vista Dedanau.  

Platinum Victory executive director Gan Yee Hin said in a press release: “The market for new home ownership, especially among millennials, young families and new house buyers, continues to grow steadily and drive demand for affordable housing here. As a property developer with a reputable track record, we want to continue to meet the demand for good quality homes in prime locations.”  

The developer revealed that its three residential projects with a combined gross development value (GDV) of RM1.228 billion that were launched last year had fetched a combined take-up rate of 90%, with a conversion rate of 50%.  

The projects launched last year include Vista Sentul Residences, which is built on a 2.38-acre site in Sentul, with a GDV of RM308 million. The second project launched was 3.72-acre Vista Danau Kota Residensi Wilayah in Setapak. The single-block development comprises 910 units priced at RM300,000. Last but not least is MH Platinum 2 Residences, a 4.72-acre project in Setapak. 

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