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Final 100 units of The Haven up for sale

IPOH: Superboom Projects Sdn Bhd, the developer behind the condominium project The Haven in Ipoh, will release the final 100 units of the project for sale this weekend.

The project has a gross development value (GDV) of RM280 million and the remaining 100 units will be priced from RM600 psf. The 10-acre (4ha) leasehold project comprises 489 luxury condo units spread over three blocks.

Units in the first block of The Haven, which were released in early 2010, were sold at RM330 psf. The development is located next to Sunway City Bhd’s Banjaran Hot Springs and The Lost World of Tambun. It is also down the road from Sunway City Ipoh.

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The site of The Haven is next to a four-acre lake surrounded by age-old limestone hills and virgin forests Sitting in the centre of the lake is a 280 million-year-old limestone called Rockhaven.

“The present take up rate has exceeded 75%. Following its completion we foresee that the secondary market prices for The Haven will be good and healthy,” Peter Chan, the group’s CEO said in an email interview ahead of The Haven’s topping off ceremony tomorrow by Perak Menteri Besar Datuk Dr Zambry Abdul Kadir.

The upscale condominium has 13 layouts with built-ups from 893 sq ft to 5,500 sq ft. Local purchasers of the earlier units made up almost half of the purchasers while 25% were foreign buyers. The site of The Haven is next to a fouracre lake surrounded by age-old limestone hills and virgin forests.

Sitting in the centre of the lake is a 280 million-year-old limestone called Rockhaven. “The projected price per sq ft for The Haven should be in line with prices for luxury condos in the country, and that is over RM600 psf. I would not be surprised if prices exceed RM800 psf post-completion,” said Chan.

The project sports green features such as the use of solar and wind-powered energy, LED lighting in common areas, inverter-type air-conditioning units and energy efficient heaters in all its apartments. Eco-friendly building materials were also used in the construction of The Haven.

The present take up rate has exceeded 75%. Following its completion we foresee that the secondary market prices for The Haven will be good and healthy.

Facilities include five-level security, swimming pool, tennis, squash and badminton courts, landscaped jogging track and gardens, gym, spa, jacuzzi and steam bath. It also has its own business centre, clubhouse, conference and meeting facilities, fibreoptic connectivity and shuttle bus service.

The developer has appointed premier hotel management Best Western International to manage The Haven. Before The Haven, Superboom Projects had developed the low-cost, 576-unit Permai Lake View Apartments with a GDV of RM32 million.

Launched in 2004, the gated-andguarded development sits on the road leading to The Haven. The developer is also behind Subang Galaxy in Subang 2, Shah Alam, a series of 175 units of terraced houses which were completed in August 2009. The development had a GDV of RM60 million.

Within two years of completion, prices for Permai Lake View have risen to around RM80,000 from the launch price of RM55,000, while Subang Galaxy prices have climbed to more than RM500,000 from the launch price of RM270,000.

This article appeared in The Edge Financial Daily on July 20, 2012.

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