Kinrara Niaga 75% sold ahead of launch

Post date: Mar 22, 2011 12:42:24 PM

By Lam Jian Wyn of theedgeproperty.com

Tuesday, 22 March 2011

KUALA LUMPUR: Kinrara Niaga, a shop office development within I&P Group Sdn Bhd's flagship Bandar Kinrara township in Puchong, Selangor is almost sold out ahead of its launch this weekend.

Some 18 of the project's 24 units have been snapped up during its soft launch on Tuesday, Mar 22, said group managing director Datuk Jamaludin Osman.

The RM70 million project had garnered 2,000 registrants since Oct 10 last year during the developer's first MadAboutHomes promotion, he told theedgeproperty.com.

To be developed on a 1.35-acre freehold parcel, the project comprises 12 three-storey units and 12 four-storey units of shopoffices.

The 3-storey units with a built-up of 5,649 sq ft and on a lot size of 1,760 sq ft are priced from RM1.99 million to RM2 million. Meanwhile, the 4-storey units comprise four special intermediate units with a built-up of 6,457 sq ft and land area of 1,760 sq ft; four corner lots with a built-up of 13,764 sq ft and a land area of 3,247 sq ft; and four special end units with a built up of 13,857 sq ft and a land area of 4,320 sq ft.

The special intermediate units are tagged from RM2.24 million to RM2.45 million, the corner lots RM4.74 million to RM5.03 million and the special end units RM4.51 million to RM4.92 million.

Construction works are scheduled to start early April, with completion targeted in April 2014.

On its overall plans for Bandar Kinrara this year, Jamaludin said the group is gearing up to launch seven phases the latest being Chinta 2-storey bungalows and 2-storey semi-detached houses.

Launched on Tuesday, Chinta consists of 33 units in total — 11 bungalows with built-ups that range from 4,994 to 5,730 sq ft and land areas of 7,332 to 11,920 sq ft that are priced from RM3.89 million to RM4.81 million; as well as 22 semi-detached units with built-ups of 4,874 to 4,994 sq ft and land areas of 4,856 to 8,610 sq ft that are pegged at RM2.88 million to RM3.89 million.

With a gross development value of RM114 million, the project was designed with a contemporary tropical concept, he said.

"To be built on elevated ground overlooking the golf course, the living room of each bungalow will get a commanding view of the Kinrara golf course," he added.

So far, four 2-storey bungalows and two semi-detached units have been sold.

On the other hand, Chantek and Q'aseh which were launched on Oct 10 last year have seen five units of its 14 two-storey semi-detached homes and 38 units of its 118 two-storey superlink homes sold.

The 1,904-acre township, which has an estimated GDV of RM3 billion, is targeted for completion in 2018.

Over at Bandar Baru Seri Petaling, the group had launched its RM123 million-apartment project 8 Petaling comprising 22 duplex penthouses and 134 single-storey units with built-ups of 1,689 to 4,874 sq ft.

Priced from RM621,888 to RM1.66 million, the project is slated for completion in mid-2014.

At Alam Impian in Shah Alam, its new Karya will feature 41 units of 2-storey terraced homes with built-ups spanning 2,803 sq ft to 3,470 sq ft and land areas from 1,916 sq ft to 4,607 sq ft.