OSK Properties to officially launch Eclipse Residence

PETALING JAYA: OSK Property Holdings Bhd is set to officially launch its RM398 million serviced apartment Eclipse Residence by end-March. The project, where units come fully furnished, is in Pan’gaea, a 16-acre integrated freehold development in the heart of Cyberjaya. The developer held a preview at Plaza OSK in Jalan Ampang, Kuala Lumpur from Nov 15 to 24.

“Approximately 30% of the available units have been taken up so far since the preview,” said OSK Property’s head of sales and marketing department Chee Kok Keong.

“Eclipse Residence will be completed in about four years. The entire Pan’gaea development is expected to be completed in 2018 or 2019, depending on market response.”

Eclipse Residence is the third of five phases in Pan’gaea. The latest launch offers 668 fully-furnished serviced apartments within two towers. The developer is offering four types of serviced apartments ranging from one- to three-bedroom suites with built-ups from 450 sq ft to 990 sq ft. The facilities will be on the 10th floor and rooftop, and will include a multi-purpose room, gymnasium, sauna and steam room, jogging track, squash courts, yoga and tai chi lawn, gourmet and chill zone, games room, BBQ area, children’s playground and a viewing deck.

The residents will also have access to a sky bar and lounge, jacuzzi, landscaped gardens and an infinity swimming pool on the rooftop of the two residential towers. Communal thematic decks designed for leisure activities are on selective levels of each tower.

The other components in Pan’gaea include small office flexible office (SoFo) suites, boutique retail shops, serviced residences, a street mall as well as the Gallery Mall, with over 300,000 sq ft of net lettable space. A boutique hotel is also in the works.

The Eclipse Residence is within a five- to 15-minute walk to educational institutions such as the Multimedia University, LimKokWing University and the University College of Medical Science. It is also a five-minute drive away from retail hubs, business centres and schools, among others. It is also easily accessible to Puchong, Kajang, Subang and Shah Alam, as well as major expressways such as The North-South Central Link (Elite Highway), South Klang Valley Expressway, The Damansara-Puchong Highway and the Maju Expressway.

OSK Property’s total project gross development value (GDV) is about RM9 billion. Pan’gaea takes up the largest chunk at RM3.5 billion followed by Bandar Puteri Jaya in Sungai Petani, Kedah at RM2 billion and Atria in Damansara Jaya, Selangor at RM1 billion.

Next on the developer’s cards is Emira Retail and Serviced Apartment, a mixed development with a GDV of RM250 million on just under three acres of prime real estate. The retail component in Emira is slated to be launched in the middle of the year.

This article first appeared in The Edge Financial Daily, on January 10, 2014.

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