KUALA LUMPUR: Trinity Group Sdn Bhd, the developer of Z Residence condominium in Bukit Jalil, Selangor will be launching Tower D, the final block of the project sometime this month following encouraging sales at the launch for Tower C recently.
Tower C of The Z Residence has seen 200 of the 281units sold to date. This translates to about 70% take-up rate for the entire project, or 790 units out of 1,136 units.
Tower C units offer built-ups from 1,302 to 1,407 sq ft and priced between RM450,000 and RM650,000, or RM390 to over RM400 psf.
The Z Residence comprises four towers of at least 26-storeys on a 2.7ha freehold site. The entire development has an estimated gross development value (GDV) of RM530 million, with the GDV for Tower C and Tower D at RM138 million and RM130 million respectively, said general manager of Trinity Group Ng Ching Yee.
According to Ng some 50% of units in Tower C had been sold on the launch day on Aug 6. The developer had initially mulled a balloting exercise but found the crowd on the day of the launch to be manageable.
Ng said Tower D with 265 units with unit sizes from 1,032 sq ft to 1,407 sq ft is expected to be launched in September but declined to reveal the exact date. The selling prices have not been fixed but Ng said prices would be higher than previous launches.
"We are optimistic about sales for Tower D as some of the units have views of the Kuala Lumpur skyline," said Ng.
Previously, Towers A and B, featured 590 units priced at an average RM360 psf. They were sold out in two weeks following previews in early-June, translating into a take-up of over 50% for the entire project
Meanwhile, the developer plans to build a condominium on a 1.2ha-freehold tract in Melawati with an estimated GDV of RM180 million.
TOP PICKS BY EDGEPROP
[270K HOT SELLING INVESTMENT PASSIVE INCOME 2R+2B]
Taman Sri Gombak Heights/Gombak Groove @ Sri Gombak
Ukay perdana sierra hijauan ampang semi d
[RENTAL GET RM 3000 READY TENANT 2020 NEW PROJECT]
Build your own semi d / bungalow in ampang
Malaysia's Salem High Country Tanarimba Janda Baik
A Gem in Tanarimba, Janda Baik, Bentong