Guocoland bullish on projects take-up rate

Property developer, GuocoLand (M) Bhd, is bullish on its flagship project, Damansara City, which will be launched by the first quarter of the year.

“We are very optimistic of a positive take-up rate,” said managing director Tan Lee Koon of the integrated development worth RM2.5bil in gross development value.

The project, comprising the high-rise luxurious “DC Residency”, office tower, an open street concept lifestyle mall and hotel, was likely to be fully completed within a 15-month period.

It would also coincide with the construction timeframe for the Mass Rapid Transit (MRT) station being built next to Damansara City. Tan said the project would see its residential towers as the first component to be completed, within mid-2015.

“Sales for DC Residency will only start in the first quarter but we have already received tremendous queries and encouraging response from potential buyers.

“The most important thing is location and being the first mixed project in this sought-after area and with a supply limited, we are confident,” he told Bernama.

DC Residency comprises 370 units of contemporary designed homes – one bedroom to 3+1 bedroom units and penthouses.

For the mall and hotel, Tan said Guocoland planned to make the towers attractive to people staying in the neighbourhood, focusing on the food and beverages strategy, as well as, luxury lifestyle that comes with a five-star service. – Bernama