SkyVilla condominium take-up rate hits 59%

SkyVilla, the first condominium project in D’Island development by LBS Bina Group Bhd, has seen 59% of its 352 units taken-up as at January 2016.

LBS Bina Group managing director Tan Sri Lim Hock San told TheEdgeProperty.com the 5.17-acre SkyVilla development has a gross development value (GDV) of RM252 million.

“The two 17-storey residential towers comprise 352 units with built-ups ranging from 1,026 sq ft to 1,218 sq ft. It is set to be completed by November 2018,” he added.

The first tower was soft-launched in June 2015, followed by the second tower in August 2015. The selling price of SkyVilla ranges from RM649,900 to RM843,900, and averages at RM633 psf.

“This low density development boasts over 30 facilities including multi-purpose courts, gyms, pool and many more modern facilities that area ideal for families. This has attracted many young buyers, especially young couples who started their family, and young professionals,” he said.

SkyVilla is situated in the heart of the D’Island development.

The D’Island township development spans over 175 acres of land surrounded by serene lakes.

Launched in September 2011, the D’Island’s development including superlink houses, semi-detached homes, bungalows and condominium.

Commenting on the residential market in Puchong, Lim noted that the area’s high-rise residential segment has been growing steadily over the last few years.

“Demand is getting stronger as infrastructure development is in the place. The completion of the Light Rapid Transit (LRT) line extension and opening of more shopping malls, together with a mature environment could drive future growth,” he added. - The Edge Property