KUALA LUMPUR (Feb 4): Paramount Property Development Sdn Bhd is gearing up to launch its first project of the year via a wholly owned subsidiary of its parent company, Paramount Corp Bhd, named Paramount Property (Cityview) Sdn Bhd. According to Paramount Property Development chief executive officer Chee Siew Pin, the developer is kicking off the year with its first luxury high-rise residential development named The Ashwood. 

Nestled within the neighbourhood of Taman U-Thant in Kuala Lumpur, The Ashwood will be spread across a 3.59-acre freehold, residential-titled parcel. The development will offer two 49-storey residential towers and 12 units of three- and four-storey villas. 

What makes The Ashwood different from other developments is its layouts, which provide more space. “During the planning and designing stage, we emphasised a lot on the internal layout. Our offering is wider, meaning the balcony and windows are bigger, leaving more room for natural ventilation and lighting,” Chee said. 

The project has a gross development value (GDV) of RM758 million. In total, The Ashwood will offer 302 condominium units that come in five layouts, with built-ups of 1,381 sq ft to 1,707 sq ft, and 40 units of two-storey duplexes that come in five layouts, with built-ups of 2,431 sq ft to 3,020 sq ft. The condominium units are priced from RM1.641 million. The three- and four-storey villas, on the other hand, will have built-ups of 3,133 sq ft and 3,399 sq ft respectively. The selling price of a villa is about RM4.307 million. According to Chee, the condominium units and villas will be open for sale, while the duplexes will be available at a later date.

In the same issue, City & Country recaps The Edge Malaysia Property Management Virtual Talk 2024, which was held on Jan 19 and 20. The talk was presented by City & Country, in conjunction with The Edge Malaysia Best Managed & Sustainable Property Awards, with Nippon Paint as the main partner. It was also supported by the Association of Property and Facility Managers, Architect Centre Sdn Bhd, Building Management Association of Malaysia, Institute of Landscape Architects Malaysia and EdgeProp Malaysia.

Speakers of the virtual talk included Chur Associates founder and managing partner Chris Tan, Architect Centre Sdn Bhd-accredited building inspector and trainer Anthony Lee Tee, Rehda Malaysia president Datuk NK Tong and The Edge Malaysia editor emeritus Au Foong Yee. Topics pertaining to sustainable property management, strata ownership and the realities of maintaining strata properties were discussed. 

The issue also features Penang-based Tamarins Group’s latest launch, named The Anton. It is a low-density luxury condominium along Jalan Cantonment, in Penang’s upmarket Pulau Tikus neighbourhood. 

The RM200 million 13-storey block comprises 51 units that offer built-ups of 2,700 sq ft, 3,000 sq ft and 5,500 sq ft, and prices range from RM3.5 million to RM7 million, or about RM1,400 psf. Each unit will have at least three parking bays.

Read all about these in our latest issue of City & Country, out with the Feb 5, 2024 issue of The Edge Malaysia weekly.

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