Ixora Residences sees good response

KUALA LUMPUR: The first phase of KL-Kepong Country Homes Sdn Bhd’s Ixora Residences in Bandar Seri Coalfields has received a good response with 31% take-up recorded within two days. The company is a subsidiary of Kuala Lumpur Kepong Bhd.

The developer previewed 64 units of 2-storey terraced homes last weekend. Ixora Residences has a total of 226 units, which will be launched in three phases this year.

Kuala Lumpur Kepong executive director Datuk David Tan is happy with the positive response from buyers despite the softening market, which is partly attributed to the implementation of the goods and services tax.

 ”We are very satisfied with the continuous flow of visitors and prospective buyers. There are even buyers coming all the way from Cheras, Kajang, Sungai Buloh and Damansara. All of them see the potential of this development and we believe we will continue to attract people to live here,” Tan told The Edge Financial Daily.

The newly launched units have built-ups of 2,281 sq ft to 3,033 sq ft and are priced from RM630,000 or RM276 per sq ft. The first phase is slated to be completed by April 2017.

The 1,000-acre (404.6ha) freehold Bandar Seri Coalfields is located along the main Federal Road 54 or Jalan Kuala Selangor. It has a  gross development value of RM5 billion. It comprises shop offices, commercial and retail components, semi-detached houses, bungalows, terraced houses, link homes and superlink homes.

Amenities close to the township include primary and secondary schools, kindergartens, a government health clinic, wet market, petrol stations, food courts, police station, community halls, bus terminal, church and mosque.

The township is easily accessible via several major highways including the New Klang Valley Expressway, Damansara-Puchong Expressway and Guthrie Corridor Expressway. It can also be accessed through Jalan Kuala Selangor from Kepong or Sungai Buloh towards Kuala Selangor.

“In 2015, we are looking to cater for the prevailing market needs by embarking on affordable landed  homes in addition to the products for the various target groups. We are also actively on the lookout for suitable land bank to expand our portfolio,” said Tan.

Other developments that are in the planning stage include another 2,100-acre township in Sungai Buloh, 422-acre Tanjung Malim commercial hub, 19-acre transport oriented project in Sungai Buloh, a joint venture with UEM Sunrise Bhd at Gerbang Nusajaya for a low-density resort development and another joint venture with UEM Sunrise at Fraser Metropolis in Kulaijaya.

This article first appeared in The Edge Financial Daily, on April 3, 2015.