KUALA LUMPUR (Nov 11): LBS Bina Group Bhd (KL:LBS) plans to launch Sherwood Residence — the first phase in its upcoming 192-acre freehold The Reserva master plan located in Kwasa Damansara, Selangor — in April or May next year, said its group executive chairman Tan Sri Lim Hock San during a press conference for the exclusive preview of The Reserva held at M Resort Hotel & hotel Kuala Lumpur on Wednesday.
Spanning 24.94 acres, Sherwood Residence is a stratified landed development featuring 196 total units comprising 100 units of superlinks, 88 units of semi-dees and eight bungalows. Deemed a low-density development, each acre is dedicated for 7.8 units.
The units will be equipped with an electric vehicle isolator, a three-day water supply storage tank, ready with a solar panel point and a rainwater harvesting system. It is also designed for multigenerational living as it comes with private home lift and step-free layout.
According to Lim, the developer is still in the midst of finalising the selling prices and gross development value. Hence, details are forthcoming approaching the launching date.
In terms of facilities, the developer will construct an approximate 18,000 sq ft clubhouse with housing facilities such as multipurpose hall, lounge room, games room and swimming pool.
Consisting of 11 development parcels, Lim said it will take about 13 to 15 years to complete the entire development of The Reserva, depending on market conditions. It is under the jurisdiction of the Petaling Jaya City Council.
“Spanning 192 acres, The Reserva enjoys a prestigious address within Petaling Jaya, a well-established and sought-after location where sizeable land parcels are increasingly scarce. Besides the mature and desirable market, well-planned residential developments continue to attract discerning property buyers who value exclusivity, space and long-term value. [It is] surrounded by established infrastructure and a well-connected road network,” said Lim during the same event.
He added that it is connected to major roads like Damansara Shah Alam Expressway (DASH), Jalan Lapangan Terbang and Jalan Sungai Buloh, while proposed linkage to Persiaran Damansara Indah (linking to IOI Mall Damansara and Sunway Medical Centre) and Persiaran Teknologi (linking to Thompson Hospital Kota Damansara, Sri KDU International School Damansara and SEGi University) will further boost the area’s connectivity.
The Reserva also marked the developer’s further expansion into the premium segment, years after it launched its first premium product — D’Island Residence in Puchong — more than a decade ago.