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First phase of 6 CapSquare achieves 65% take-up rate

KUALA LUMPUR: The first phase of 6 CapSquare, the second residential tower under the CapSquare mixed development by Bandar Raya Developments Bhd (BDRB), has achieved a 65% take-up rate following private viewings for previous BDRB customers.

In a statement dated Sept 1, BDRB chief operating officer (COO) Pan Choong Chong said the take-up rate showed the faith of loyal purchasers in the developer’s brand.

“Our first residential tower, CapSquare Residences, was launched in 2004 and enjoys excellent occupancy given CapSquare’s close proximity to the city centre,” he said.

“Located within one of the largest integrated developments within the city centre, it has everything you need for modern convenience with offices, residential, a retail centre, F&B outlets, supermarket, cinema and a university,” he added.

The 176-unit freehold upscale condominium is slated to be launched in mid-September.

BDRB expects Malaysia’s relaxed stand on foreign ownership to encourage interest from Hong Kong, China and Singapore in the project.

Each of the one, two- or three-bedroom units are completely furnished with high quality installations, with larger units featuring a two-key system with separate entrances allowing absolute privacy.

BDRB is offering a 10/90 interest subsidy scheme during the construction period, and will cover maintenance fees during the first year.

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