“This is the first in our series of unique bungalows. After some market research, we decided to go with this Urban Resort Series because we felt there wasn’t anything like it on the market,” says Bluwater Development managing director Dian Lee, the daughter of veteran property developer Tan Sri Lee Kim Yew.
Bluwater Estate is an environmentally focused township on leasehold land that will feature bungalows, semi-detached houses, link villas and mid to high-rise residential towers. It will have a gross development value (GDV) of between RM2.5 billion and RM3 billion, says Dian.
There will only be eight bungalows in the limited edition Bluhaven Urban Resort Series, located within Bluhaven, the 36-acre bungalow precinct which has a GDV of about RM285 million.
Bluhaven comprises 147 bungalow lots of which 70% or 107 have been sold. The remaining plots have been set aside to be developed into bungalows with different themes.
“There will be more bungalow series to come with each carrying only eight exclusive units. We intend to introduce our next series in six months’ time,” says Dian.
Bluhaven Urban Resort series
The eight bungalows under the Urban Resort series are tagged from RM4 million, with built-ups of between 8,900 and 12,000 sq ft, and land areas of between 8,600 and 22,000 sq ft. Each unit will have five to six rooms, and five to seven bathrooms, depending on the design. All come with dry and wet kitchens as well as swimming pools.
The houses are designed to cater for extended and inter-generational family members.
The GDV for the bungalow series is RM43 million.
The landscaping is by Singapore-based Tinderbox, which is also the master landscape architect of Bluwater Estate.
According to Dian, the eco-friendly houses use low volatile organic compound paint, solar water heating system and rainwater harvesting tanks, where the water can be used to water plants and flush the toilets.
The units are orientated to maximise access to natural light and avoid the afternoon sun to help keep the interior cool throughout the day. A home energy power monitor will allow homeowners to monitor their energy consumption.
Homeowners also have the option of installing photovoltaic cells.
To encourage recycling, residents will have recyclable trash collected by aluminium, glass and paper vendors.
In the pipeline
Other upcoming launches at Bluwater Estate include 108 units in the link-house precinct called Blu Constellations in 3Q this year. The semidee precinct, which has yet to be named, is scheduled to be launched early next year. In the next five years, Dian reveals, the mid and high-rise residences will be unveiled. These projects are still in the planning stage.
Bluwater Estate will also boast a 10-acre residents’ clubhouse called Bluwater Private Club, which is estimated to cost between RM8 million and RM10 million.
“We are aiming for LEED Platinum Status for the clubhouse,” says Dian. LEED refers to Leadership in Energy & Environmental Design, an internationally recognised green building certification system. It provides third-party verification that a building was designed and built using strategies aimed at improving performance such as energy saving, water efficiency, CO2 emission reduction, improved indoor environmental quality, stewardship of resources and sensitivity to their impacts.
Bluwater Development will maintain the clubhouse, including the 51-acre lake on the property.
The estate will also provide a home concierge service to help residents with home maintenance needs such as basic repair services. For more complicated jobs, skilled craftsmen will be recommended.
For visitors, there will be an 80-bay parking site; they will then be ferried to the houses they are visiting by electric buggy to prevent congestion on the roads.
Amenities-wise, there is the Mines Shopping Fair nearby and schools, including the Australian International School which just celebrated its 10th anniversary.
Bluwater and Clearwater Development Group
Dian also heads Clearwater Development, which develops smaller boutique projects.
“Bluwater Development will focus on township development with an environmental agenda, while Clearwater Development looks at small parcels of land below five acres for boutique developments,” she explains. Both companies are subsidiaries of Clearwater Group Holdings, which is also managed by Dian.
While Bluwater Development’s only project at the moment is Bluwater Estate, Clearwater Development has a few under its belt.
There is the 18-storey boutique condominium Clearwater Residence in Damansara Heights, Dian’s first project, which was launched in 2007. Sitting on 1.03 acres, it offers 108 units, ranging from one-bedroom condos of 826 sq ft to penthouse suites of 4,735 sq ft. The current take-up rate is about 90%.
A proposed project called Clearwater Estate in Bukit Tunku has been cancelled and the 0.85-acre site sold to another developer in 2009. “The site was on a slope and due to the aftermath of the Bukit Antarabangsa landslide, the project never got off,” says Dian.
Clearwater Development is currently refurbishing the former Wisma Antah, a 9-storey building in Damansara Heights. Rebranded [email protected], the upgrading work is to strengthen and refurbish the internal structure for a 3-storey wellness centre.
“The ground floor will have a Mediterranean fine dining restaurant and an alfresco café by the end of the year,” says Dian.
This article appeared in City & Country, the property pullout of The Edge Malaysia, Issue 815, July 19-25, 2010
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