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PETALING JAYA: The first phase of DA Land Sdn Bhd’s maiden development, the 75-acre (30ha) LakeClub ParkHome residential project in Rawang, Selangor, is fully sold out since its soft launch last December.
A total of 222 units of two- and 2½-storey terraced homes were offered in the first phase, covering 24 acres. The units with sizes from 2,511 to 3,570 sq ft are priced from RM280 to RM290 psf.
DA Land founder and managing director Derek Chew told The Edge Financial Daily the second and third phases will be available soon to prospective buyers. This will be followed by the fourth and final phase. The development is expected to be completed in 2017.
LakeClub ParkHome will have an overall gross development value of RM500 million.
According to Chew, the project is well-received by investors from the northern corridor of the Klang Valley.
“Among our targets are occupants who live in the older townships in Petaling Jaya, Bandar Utama and Taman Tun Dr Ismail,” he said.
Chew said residents in old but established areas can liquidate a substantial portion of capital gains on their properties and invest the money to enhance their incomes or add to their retirement funds. At the same time, they can upgrade to LakeClub ParkHome, moving to a bigger and more secure resort-styled home.
About 11 acres of the development are allocated for green areas — the Central Park and Linear Park. A proposed international school is planned in the vicinity of the development.
Among the amenities available at LakeClub ParkHome are a clubhouse, jogging and cycling track, futsal and badminton courts, swimming pool, gym, multi-purpose hall, playground, barbecue area and cafeteria.
The developer has incorporated a single central entrance point, perimeter security with anti-intruder mechanisms and round-the-clock patrols for the security features.
DA Land was founded by Derek and Howard Chew in 2010. Its next major project in Rawang is the TWO integrated wholesale development. DA Land has three acres in Kota Damansara and another three acres in Kuala Lumpur. The parcels in KL are located opposite the Sogo shopping mall in Jalan Tuanku Abdul Rahman.
This article first appeared in The Edge Financial Daily, on August 02, 2013.
