Sunrise sells 90% of Arcoris Suites before launch

KUALA LUMPUR: Sunrise Bhd has already sold most of the units in Arcoris Suites in Mont'Kiara, ahead of the official launch this weekend. The wholly-owned subsidiary of UEM Land Holdings Bhd said some 90% of the available 262 units were sold following an earlier preview.

The business suites start from RM383,000 or RM660 psf, with built-ups ranging from 660 sq ft to 850 sq ft.

"Arcoris Suites presents a holistic work environment within an up-market locality," said Anne Tong, UEM Land general manager of community and customer development. "The flexible unit sizes are ideal for modest start-ups as well as large organisations."

Arcoris Suites is part of a larger mixed development called Arcoris Mont'Kiara — formerly known as MK20 — and is situated on a six-acre plot not far from Plaza Mont'Kiara. The project is designed by the world-renowned architectural practice Foster+Partners. Besides the business suites, the Arcoris Mont'Kiara will also contain a hotel, retail lots, SoHo units and serviced residences.

It was earlier reported that the entire project's gross development value is estimated at RM1 billion. Each component will be launched in phases, Tong said.

"We believe in creating value for our buyers and all stakeholders," she said. "By marketing the various components in phases, by gradually scaling the price upwards, we are able to deliver on our promise to create appreciating value for our customers."

After the launch of the business suites, next to be launched will be the SoHo units in 1H12, Tong said.

The Arcoris Mont'Kiara is made up of two blocks of differing heights — 18 and 35 storeys. The 18-storey tower will house the serviced residences with 331 units, with built-ups starting from 850 to 2,000 sq ft. The taller tower will house the hotel (approximately 275 rooms with built-ups from 350 to 1,000 sq ft), the SoHo units (approximately 368 units with built-ups from 450 to 1,000 sq ft) and the Arcoris Suites. The retail component (50 units) will be in a central plaza that links the two towers. The entire development will eventually have a total of 1,470 parking bays.

"Inspired by the enigmatic Machu Picchu in South America, Arcoris Mont'Kiara boasts a compendium of organised yet random unit layouts, filled with elevated garden terraces designed to bring people closer to the beauty of Mother Nature where people, plants and the environment can coexist in perfect harmony," Tong said. The expected completion date is December 2015.

With regards to the hotel component, Tong revealed that plans are still being finalised. "For the management of the hotel, we have the option to engage a service provider or we can manage it ourselves," Tong said. "Our hospitality and corporate marketing division, set up in 2009, is currently managing our serviced-residence and hospitality business which will further strengthen our position as a full service community developer with a holistic vision."

The mixed development agenda will be seen in future projects, revealed Tong, to keep ahead of changing trends and market needs. "You can expect more new projects from us with a mix of residential, commercial and retail components, not just in Mont'Kiara, but in other locations as well."

Arcoris received three awards at the Asia Pacific Property Awards 2011, which was held in Shanghai, China, on May 31 in association with Bloomberg Television. It took top place in the categories of Best Commercial High-Rise Development for Asia-Pacific and Malaysia, as well as Mixed Use Architecture (Highly Commendable) for Malaysia.