GuocoLand’s DC Residency sees 30% take-up since preview

PETALING JAYA: GuocoLand (Malaysia) Bhd’s DC Residency in its integrated Damansara City development in Damansara Heights achieved 30% take-up since its private preview in the middle of last year.

“The pre-launch response for DC Residency has been very encouraging, especially from the  [local] upper class and affluent expatriates,” GuocoLand managing director Tan Lee Koon told a media preview last month. “With a prime, sought-after address, I am confident that it will also appeal to property buyers [in the region such as] Singapore, China and Hong Kong.” The official launch is scheduled for mid-2014.

He said with DC Residency, GuocoLand is re-creating and re-defining luxury by offering buyers designer-styled homes with the conveniences of a self-contained integrated development.

The RM830 million project sits on 3.6 acres (1.45ha), and is one component of the RM2.5 billion Damansara City that spans 8.5 acres of freehold land. The other components include a five-star hotel, lifestyle mall and Grade A offices.

DC Residency will feature two 28-storey residential towers comprising 370 serviced apartments with one bedroom to 3+1 bedroom units and penthouses. The built-up is between 899 sq ft and 2,705 sq ft and will include fittings and appliances from brands such as Poggenpohl, Miele, Gessi Emporio and Catalano. Selling prices start from RM1,500 psf.

The facilities include an Olympic-sized salt water infinity pool, jacuzzi, multi-purpose hall, barbecue area, and sauna and steam rooms, private dining rooms, function rooms and chauffeurs’ room.

Strategically located in the heart of Damansara Heights, the development has an MRT station nearby. It is also served by the Sprint highway linking Kuala Lumpur and Petaling Jaya.

DC Residency and the mall are expected to be completed by mid-2015, while the office towers and the hotel will be ready by the end of next year and early 2016 respectively.

“Damansara City is the first mixed-use development in the heart of Damansara Heights which [we are confident] will transform the neighbourhood into an unrivalled one of luxury [where the most desirable homes are], “ said Tan.

This article first appeared in The Edge Financial Daily, on March 07, 2014.

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