KP Property sees good take-ups for its Setapak projects

KUALA LUMPUR: KP Property Sdn Bhd’s latest project, 288 Residency in Setapak, Kuala Lumpur, has seen a 52% take-up rate over three days.

The developer soft-launched the serviced apartment project on Sunday, Oct 17.

The project was opened for sale following the success of the developer’s maiden project, 222 Residency, also located in Setapak, said a company official.

222 Residency has been 90% sold since it was launched in August this year. KP Property Sdn Bhd is a subsidiary of construction group Kerjaya Prospek (M) Sdn Bhd (KPSB).

222 Residency comprises a 28-storey tower with a total of 222 serviced apartments on a freehold tract. Built-ups for the units are between 861 sq ft and 1,203 sq ft, with prices tagged from RM280,000. Its expected completion is June 2013.

Meanwhile, 288 Residency comprises 288 units within a 29-storey tower on a freehold tract. The standard unit size is 1,408 sq ft, with an average price of RM488,000.

The contractor-turned-developer had previously worked on projects by developers such as SP Setia Bhd, IOI Group, AP Land, UM Land and Malaysian Resources Corporation Bhd.