Mah Sing Group launches final phase of Lakeville Residence

PETALING JAYA (Nov 20): Mah Sing Group Bhd will launch the final phase of Lakeville Residence this weekend. The launch will initially consist of 327 apartment units of Lakeville Residence’s Tower D – the fifth of six blocks – and 10 commercial units of 2-storey shops.

Sitting on a 12.38-acre parcel in Taman Wahyu, Jalan Ipoh, Lakeville Residence has a gross development value (GDV) of RM1.5 billion, and is scheduled to be completed in 2018. Since its launch in August 2014, the first four blocks of the development have been 87% taken up.

Mah Sing group executive director and CEO Ng Chai Yong attributes the project’s popularity to its location. “Lakeville Residence’s prime location and well-thought concept has received a very encouraging response thus far, and we are confident that the final phase will see similar momentum,” he said.

Lakeville Residence is connected by Jalan Ipoh, Jalan Kepong, Duta-Ulu Kelang Expressway (Duke) and Middle Ring Road 2 (MRR2), making it a short drive to the city centre.

“We understand the importance of accessibility to our residents. Hence, the group has taken steps to improve connectivity around Lakeville Residence. We are pleased to share that the (500m) link road from Lakeville Residence to Jalan Kepong Lama is 70% complete,” added Ng. The link road is scheduled to be completed in 2018.

“The recently approved MRT Line 2 alignment located in close proximity to Lakeville Residence is also an added value to future residents [and] there is a proposed shuttle bus service from the development to the MRT station for the residents’ convenience,” said general manager Yeoh Chee Beng.

Lakeville Residence has residential and commercial components. The former consists of six blocks of about 1,800 units, with prices starting at RM589,000. Each unit comes partly furnished with kitchen cabinet, air-conditioning in the living room and bedrooms, water heaters, audio intercom, vanity cabinets and shoe cabinet. Facilities include a 50m swimming pool, wading pool, aqua gym, clubhouse, badminton court and barbecue pits.

The commercial units comprise SoFo (small office flexible office) units, with a built-up area of between 4,651 sq ft and 13,639 sq ft. They offer dual frontage. Prices start at RM1.7 million.

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This story first appeared in The Edge Property pullout on Nov 20, 2015, which comes with The Edge Financial Daily every Friday. Download The Edge Property here for free.