Perdana ParkCity Sdn Bhd, developer of Desa Parkcity, is set emulate their success of Amelia (which is now 100% sold out after 2-3 months of launch) with their latest product offering, high rise development Northshore Gardens. I visited the DPC sales gallery a few weeks back before Northshore Gardens’ soft launch and duly registered for priority sales. However I did not receive any call from them even after it was soft-launched. Dropped by the sales gallery again before I left the country and managed to get hold of the brochure (scans and layout soon). Had a look at the sales chart, stage 1 which is about 30% of the units were already sold to repeat buyers. With a price tag of about RM400 - RM500 psf, this can be considered as a great achievement indeed.

It is now reported that the sales from the priority sales have chalked up to 50%. Their actual launch is scheduled for this weekend and this could prove to be yet another success story at Desa Parkcity.

Over 50% of Northshore Gardens sold

KUALA LUMPUR: Perdana ParkCity Sdn Bhd (PPC) has sold more than 50% of its latest 274-unit 40-storey luxury condominium project, The Northshore Gardens, in Desa ParkCity after it was opened for priority sales on Jan 25.

In a statement yesterday, PPC group chief executive officer Lee Liam Chye said the project would be officially launched today.

“Our customers have a lot of confidence in Desa ParkCity residential properties because they have enjoyed consistent capital appreciation averaging at 8% per annum for the last three years and net annual yields as high as 12% from leasing to the growing population of expatriates,” he said.

By Kevin Lim & Daryl Loo (The Edge)

SINGAPORE: CapitaLand, Southeast Asia’s largest developer, reported a surprise 49% jump in quarterly earnings on strong home sales, and said it plans to dig into its S$4.4 billion (RM10.06 billion) cash pile for expansion in countries such as India and China.

The company also warned the year ahead could be rough going as investors and would-be home buyers shy away from property purchases amid volatile financial markets and expectations of a global economic slowdown.

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PROPERTY TALK (The Star)
By S.C. CHEAH

IF you are looking to buy or rent a condominium in Mont’ Kiara in Kuala Lumpur, which would you choose?

Well, the newly completed freehold Hijauan Kiara stands out from the rest and makes me dream of owning one after seeing how my kids enjoyed themselves at the condominium’s recreational deck one recent Sunday.

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By Sharen Kaur (Business Times)

NATIONAL property development agency UDA Holdings Bhd has sold 95 per cent of Gaya Bangsar, its latest high-end development in Kuala Lumpur, within a week of the pre-launch. Gaya Bangsar is a 34-storey full-service luxury condominium tower that comprises 285 residential units ranging in size from 671 sq ft to 1,610 sq ft. The units are priced between RM350,000 and RM900,000 each.

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