This article first appeared in City & Country, The Edge Malaysia Weekly on August 1, 2022 - August 7, 2022
Fast-growing CPI Land Sdn Bhd plans to launch Residensi Dian II, comprising serviced apartments and commercial suites, in the last quarter of 2022. The development, a continuation of the developer’s Dian series, will occupy about three acres of a leasehold parcel in Jalan Monfort, Seksyen U1, Shah Alam. Its predecessor is the RM300 million Dian Residency, comprising 832 serviced apartments, commercial suites and shoplots in Shah Alam’s Seksyen 13, which was launched in 2020. The take-up rate is already 97%, while construction progress is 65% for the commercial units and 30% for the serviced apartments.
In an email interview with City & Country, CPI Land director Chung Shan Tat says: “Dian Residency’s creative living concept stood out in Shah Alam with its unparalleled connectivity and ample amenities for modern urban living. With the success of Dian Residency, we are proud to present Residensi Dian II, which blends contemporary conveniences with artistic Balinese architecture and detailed designs.”
Residensi Dian II, which has a gross development value of RM353 million, will offer a total of 762 units, including 14 commercial suites. The serviced apartments will range from 550 sq ft, 2-bedroom, 1-bathroom units to 3-bedroom, 2-bathroom units with built-ups of 834, 909 and 1,257 sq ft. The commercial suites will have built-ups of 938 and 1,021 sq ft. The indicative selling price at Residensi Dian II starts from RM451,000 and the developer is aiming for completion in 4Q2026.
Residensi Dian II will have a Balinese-inspired concept, says Chung. “The aim is to offer our buyers an escape from the hustle and bustle of city life with a refreshingly tranquil Balinese-themed experience.”
The entrance and guard house are designed to make a statement with a Balinese-style pitched roof, which sets the tone for the entire development.
Chung says, “The drop-off area will incorporate a central walkway over a water feature that leads to a majestic double-volume open lounge. Adding to the mood, the side walls of the lift lobby will feature ventilated blocks that draw in sunlight and shadows.”
In the residential tower, one will find Balinese-inspired tiles on the corridors, he adds, while the facilities zone on Level 8 will boast “a tropical paradise, complete with a variety of shady, mature plants on a sprawling sundeck, offering magnificent vistas”.
Facilities include water features, a sunken lounge, swimming pool, pool deck, Jacuzzi, outdoor bar, BBQ pavilion, resting hut, wading pool, children’s playground, landscape sculpture, lawn and garden, reflexology corner, gym room, yoga room, multipurpose hall and reading room. The estimated monthly maintenance, inclusive of sinking fund, is 35 sen psf.
“Life at Residensi Dian II is all about being at one with nature and people. You can catch up with neighbours in the cosy alang-alang roof gazebo by the wading pool, walk the open leisure lawn, enjoy the flowers in the nature grove or take in the [intricate] details of a Candi Bentar sculpture — an iconic Balinese split gateway,” says Chung.
A prominent feature at the facilities deck, he emphasises, is the elevated gym with a pitched roof design and large windows to draw in sunlight.
There will be a designated parcel room for daily collection of packages that will double as a pick-up point for food delivery orders. “All details have been well taken care of,” says Chung.
“‘Innovation’ is our mantra at CPI Land,” he stresses. “We don’t just build homes; we create dreams out of bricks and mortar — dreams that may last for generations. Our focus rests firmly on crafting eco-friendly lifestyles by planning out the entire living experience for our customers.
“Even as construction costs keep rising, we still maintain our selling prices so as to be within an affordable range. Our aim is to provide a value-for-money, affordable yet exclusive product to our valued buyers.”
In terms of its target market, CPI Land is eyeing young families and investors from surrounding areas who are looking to upgrade, Chung says. “Based on our buyer profiles at Dian Residency, the majority consist of bumiputeras aged 25 to 40, many of whom are first-time homebuyers.”
Residensi Dian II is accessible via the New Klang Valley Expressway, Jalan Subang and Guthrie Corridor Expressway. The development is complemented by surrounding amenities such as two LRT stations (Stadium Shah Alam and Glenmarie), a KTM station (Batu Tiga) as well as universities, international schools, golf and country clubs, shopping malls, hospitals and medical centres.
CPI Land is also behind developments such as Avantas Residences @ Old Klang Road and Tuan Residency in Kuala Lumpur. It handed over Kerian Links, comprising 12 link houses in Taman Rainbow, Kuala Lumpur, last December.
The developer also launched Tuan 2egacy (pronounced Tuan Legacy) in 4Q2021. The leasehold project, which has a gross development value of RM297 million, comprises 596 serviced apartments and occupies three acres. All units were fully sold within six months and the piling stage of the project has been completed, says Chung.
Another ongoing project is the 26-acre Serintin (also known as Taman Surian) in Mantin, Negeri Sembilan. The RM200 million freehold development comprises 495 residential units as well as 21 shoplots known as Serintin Point.
“We have attracted a few new tenants, such as Family Mart, Ninso, 99 Speedmart and Tealive. Serintin Point will be opened by September,” says Chung.
Like most of its peers in the construction industry, the company remains affected by the lingering effects of the Covid-19 pandemic, including rising building material costs and labour shortage. “With an in-house construction arm, however, we have better control of materials and labour matters. We also have quality assurance and quality control teams in place to ensure uncompromising standards of work.”
The company is actively seeking to expand its land bank, Chung says. “The current property market is soft and prices are not too steep. In terms of preferred location, our focus remains on the Klang Valley, where demand is strongest for our products — quality homes with innovative concepts at affordable prices.”
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