This article first appeared in The Edge Financial Daily, on December 29, 2015.

SELANGOR: Warisan Residence 1 Phase 1C, the latest phase of double-storey terrace homes located in the township of Suria Warisan, has seen a take-up rate of 50% since its launch on Dec 4.

Suria Warisan is a 37.23ha township with a gross development value (GDV) of RM850 million located in Salak Tinggi, Sepang, and developed by Hectare Heights Development Sdn Bhd.

Phase 1C consists of 44 units, while Phase 1A and 1B consist of 47 and 42 units, respectively.

Prices for Phase 1C start at RM485,800 upwards. The units in Phase 1C have a built-up area of 2,140 sq ft.

The GDV of Phase 1C is RM22.3 million while the GDV of the entire Phase 1 is RM60 million.

“Phase 1A and 1B have been fully sold. The total take-up rate of the entire Phase 1 is 75%,” said director Yap Kok Guan.

Phase 1A, 1B and 1C are expected for completion by early 2018.

Meanwhile, Yap plans to build affordable homes in the township.

“At least half of our landed properties will be priced below RM 550,000,” he said.

Public amenities nearby include the Salak Tinggi ERL station (2km away), and educational institutions such as Xiamen University (2km) and Inti International University (5km). Kuala Lumpur International Airport (KLIA) and klia2 are 7km away.

“We are also well connected by the many major highways leading into the township. We are only 10-15 minutes away from the Elite, North-South and Maju Expressways, which link the township to areas such as Bangi, Kajang, Puchong South and Dengkil,” Yap said.

So far, 15% of the 37.23ha Suria Warisan township has been developed. Yap said there will be three phases of residential components and two plots of land allocated for commercial property in the township.

“Phase 2 of the residential component will consist of 244 units of 2- and 3-storey terrace homes with a built-up area of approximately 2,400 sq ft. We [plan] to launch Phase 2A (47 units) and Phase 2B (48 units) in the first half of next year,” Yap added.