Occupying a 5.28-acre freehold parcel, Jernih Residence will offer 1,605 serviced apartment units in two blocks and 41 retail units on Levels 1 and 2. The residential units will come in four sizes — ranging from 550 to 850 sq ft — and are priced from RM270,000, or an average of RM500 psf. Most units, except some 850 sq ft units, will have one parking bay each.
The programme will enable qualified potential homeowners to take advantage of HouzKEY’s 100% financing without the need for down payments and with low monthly payments with its competitive home financing rates. There will also be zero payments required during the project construction period.
“Tropicana Industrial Park is situated in a prime location and enjoys unparalleled connectivity. Investors will be pleased to know that we provide a whole host of infrastructure, conveniences, and facilities. We are confident the plots will see swift take-up,” Lee added.
Viewings and market valuation appraisals also move ahead of the five-year average for the first time in 2021.
The overall situation for the residential sector is expected to continue to be challenging as the pandemic has yet to be brought under control.
While 2020 has been a difficult year due to the Covid-19 pandemic, Savills Malaysia expects new norms to continue in 2021 and all businesses will have to continue to deal with the evolving market trends. It sees opportunities amid these changing markets.