SHAH ALAM (Nov 24): Sime Darby Property Bhd is launching the second-last phase of landed homes in Denai Alam in the City of Elmina, Selangor on Nov 25.
Sitting on 23 acres of freehold land, the phase known as Ferrea comprises 228 units of 2-storey link homes. Ferrea has a GDV of RM170 million and is slated for completion end-2019.
“This is our first launch at Denai Alam after four years as we were fine-tuning the kind of products we want to deliver. As a developer, we want to make sure we launch the right products in the right location and at the right price to suit market needs and demands at that point of time,” said Sime Darby Property City of Elmina head of township Edward Heng.
Of the 228 units, 199 have land area size of 22 ft by 70 ft with built-ups ranging from 2,212 sq ft to 2,632 sq ft, while the remaining units are on land area size of 22 ft by 75 ft with built-ups from 2,421 sq ft to 2,832 sq ft.
Prices start from RM780,888, with the exception of a few units at RM760,888. There will be discounts for those who successfully sign the sale and purchase agreement within 21 days.
There was good response for similar homes at previous launches in the City of Elmina. For instance, at the launch of Elmina Valley 4 in May this year, the 2-storey link homes that are 22 ft by 75 ft have been 99% sold while the 2-storey link homes in Elmina Valley 2, which are 20 ft by 70 ft, saw a take-up of more than 95% on the first day of launch in June 2016.
Heng shared with EdgeProp.my that the Ferrea project site was initially planned for bungalow lots but the developer decided to build the link homes instead after seeing a market need for this product.
“Our target markets for Ferrea are upgraders who are living in Denai Alam and also those living in Bukit Jelutong. These may be professionals in their mid-50s, fresh graduates who are looking to live on their own and downsizers who are looking to cash out,” said Heng, adding that there are some parents who are living in Bukit Jelutong who are buying units in Denai Alam for their children.
The houses have been designed by taking into consideration the long-term needs of their occupants. For instance, there is a ramp at the entrance to allow for wheelchair access.
“We always look forward — if you had the elderly living with you and if they had a fall and required using a wheelchair for some period of time, the ramp would be able to facilitate their movements.
“There is also a pocket slide door at the ground floor bedroom leading into the bathroom that enables the toilet door to be closed even with a wheelchair inside. It is suitable for multi-generational living,” Heng added.
The final phase of landed residences in Denai Alam, he said, is tentatively planned for the development of semidees and 2-storey super link homes which the developer is looking at launching in 2018. Units in the final launch are indicatively priced over RM1 million. Meanwhile, the commercial component of Denai Alam is still in the planning stage.
The City of Elmina is a 5,000-acre freehold development with an estimated total GDV of RM24.6 billion. It comprises the townships of Denai Alam, Bukit Subang, Elmina East and Elmina West. Denai Alam will be fully developed in 2024.
Located along the Guthrie Corridor Expressway, the City of Elmina offers seamless inter-connectivity and accessibility via major highways including the New Klang Valley Expressway, the Kuala Lumpur-Kuala Selangor Expressway and the Damansara-Shah Alam Elevated Expressway currently under construction.
Among the City of Elmina’s unique features are the 300-acre Elmina Central Park and a 90-km cycling and jogging track — one of the longest tracks in the country.
This story first appeared in EdgeProp.my pullout on Nov 24, 2017. Download EdgeProp.my pullout here for free.