Astana Residence records 60% take-up rate


Despite the sluggish market, the Astana Residence twin villa development by Putrajaya Holdings Sdn Bhd – the master developer of Putrajaya – is 60% sold since launching in October last year.

The developer’s marketing general manager Sabariah Ramli told TheEdgeProperty.com that the freehold luxury lakefront villa development, situated in Precinct 8, is the first gated-and-guarded landed residential project in Putrajaya. It has an estimated gross development value of RM234.47 million.

Astana Residence comprises 58 units of 2.5, 3 and 3.5-storey villa homes, with built-up sizes ranging from 5,348 sq ft to 6,456 sq ft.

“Every unit comes with private lifts, a rooftop garden and three covered car parking bays, which is suitable for big families or home owners who like bigger spaces,” she said.

The selling price of Astana Residence’s villas averages RM680 psf, with the minimum selling price starting from RM3.68 million. The development is set to be completed in 2018.

Sabariah said some buyers are expatriates and professionals working at Putrajaya, while others are upgraders from other areas who are looking for a bigger house.

“There are also some investors who see the potential of Putrajaya and are buying for long-term investments,” she said.

There will be a resident-exclusive clubhouse in the community, which will have a 25m infinity pool, wading pool, gymnasium and function room as well as indoor and outdoor playgrounds, offering a range of recreational facilities for residents.

Sabariah noted that Putrajaya is an ideal place to live, work and play, as the garden city offers a convenient public bus service that enables residents to reach amenities such as Taman Wetlands, shopping malls, government offices and their workplaces without driving.

“The spectacular lake view is the biggest selling point for Astana Residence, as the residents can have a relaxing evening with their families at the rooftop garden while enjoying the beautiful view at the same time,” she added. - The Edge Property