PETALING JAYA: The first block of the Kalista 2 @ Seremban 2 executive apartments launched by IJM Land Bhd in July is seeing a take-up rate of 47%, said IJM Land central region senior manager for property development Hoo Kim See. The project with a gross development value of RM153 million will be developed on 8.7 acres (3.52ha) of freehold land.

The 314 units of apartments have built-ups ranging from 926 sq ft to 1,268 sq ft, and come with two parking bays. Prices range from RM291,800 to RM614,800.

Monthly maintenance fees are 20 to 25 sen per sq ft.

“We believe Kalista 2, comprising 522 units spread over two tower blocks, will continue to have appeal [to potential buyers] given the affordable prices” Hoo told theedgeproperty.com.

Some of the amenities that Kalista 2 residents will be able to enjoy are the sky lounges, elevated swimming pool and gymnasium.

IJM Land is offering financing for married couples buying their first home of up to 100% + 5% under the Youth Housing Scheme tailored for Malaysian youths to obtain mortgage financing facilities.

The loan will cover the full purchase price of a home, capped at RM500,000, for 35 years or until the borrowers are 65 years old, whichever is earlier.

Meanwhile, the additional 5% of the purchase price is intended to cover the mortgage reducing term assurance or mortgage reducing term takaful, which will ensure that the homes are paid for should anything happen to the buyer.

To be eligible for this scheme, buyers must be married, between 25 and 40 years old, Malaysian citizens, with household income not exceeding RM10,000 per month and first-time house buyers.

The second block of Kalista 2 is yet to be launched. — theedgeproperty.com

This article first appeared in digitaledge Daily, on August 27, 2015.