Lido Residency draws buyers

KUALA LUMPUR: The strategic location of Lido Residency in Cheras is probably the reason the condominium development has been enjoying good sales since its official launch earlier this month.

It is merely 500m away from the nearest mass rapid transit station — the upcoming Taman Bukit Ria station, while two light rail transit stations are also located nearby, said Chuah Swee Guan, director of SCP Property Services Sdn Bhd — the developer of Lido Residency.

The 32-storey condominium project, which has a gross development value (GDV) of RM200 million, is almost 90% sold, less than three months after its soft launch in March.

The project has a total of 294 units, with built-ups ranging from 897 to 1,636 sq ft. Prices range between RM542,800 and RM981,000 for each unit.    

Chuah said another strong selling point of Lido Residency is that it is purely a residential project which brings a host of benefits, compared with a mixed development.

“You don’t have to worry about heavy traffic when getting home from work and over weekends as there’s no shopping mall or supermarket in the condominium grounds.”

Lido Residency boasts a three-tier state-of-the-art security system and visitors will be screened before they are allowed to enter the lifts. Closed circuit televisions have also been installed in the car parks and lift lobbies.

All 294 condominium units in Lido Residency are located from levels nine to 31, while the various facilities are housed on level eight. There are three viewing decks from level 30 to 32. The units come with high ceilings and air conditioning units.

Piling work is currently in progress and the project is expected to be fully completed in the fourth quarter of 2016.  

Lido Residency is SCP’s fifth project. Its earlier four projects have been fully sold.

This article first appeared in The Edge Financial Daily, on June 28, 2013.

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