First phase of Mirage by the Lake condos 72% sold

KUALA LUMPUR: OSK Property Bhd's upscale Mirage by the Lake condominium development in Cyberjaya has seen 90 out of 125 condo units in its first phase sold since February.

This represents a 72% take-up of the first phase where the units were priced from RM582,000 to RM1.07 million, with units ranging from 1,102 sq ft to 2,202 sq ft in gross built-up.

Besides the condo, the other types of houses in the project are 26 units of 3-storey lake villas, 39 units of 2-storey link villas and three garden villas. With a gross development value (GDV) of RM350 million, the ejture development spans 12.14 acres of freehold land within Perdana Lakeview West in Cyberjaya.

In total, the condominium comprises 413 units in three blocks (each block from 6- to 10-storeys high), and will be released in two phases, said its public relations and communications executive Emily Cheng.

"(We have) targeted a launch (for the next phase) for the second half of this year (2H2011)," she told theedgeproperty.com recently via email.

Also scheduled for launch in 2H2011 are the 3-storey lake villas with land areas of between 2,357 sq ft-2,691 sq ft and built-ups of between 3,760 sq ft and 3,916 sq ft.

Meanwhile, the garden villas have built-ups of between 3,400 sq ft-3,800 sq ft, and the link villas have built-ups of between 2,700 sq ft-3,200 sq ft.  

"We're looking at an indicative pricing of RM1.4 million and above for the villas,” she said.

OSK Property intends to go on marketing road shows overseas in 2H2011. In an earlier report in City & Country, the group said it was looking at promoting the project in Singapore, Hong Kong, Indonesia and China.

The residential development comes with a regular pool as well as a saltwater pool, and suspended catwalks that will connect the condominiums with the lake villas to disperse traffic from the ground.

Meanwhile, on the redevelopment of The Atria Shopping Centre in Damansara Jaya, she said the group is still working out details internally.

OSK Property had planned to build a six-storey retail podium and two 18-storey office blocks with a GDV of RM1 billion at the mall's site, but had faced objections from residents in the neighbourhood concerned with traffic congestion problems.