Monday June 14, 2004

Beverly Hills of Kuala Lumpur sets
new benchmark in pricing


KIARA Hills, dubbed the Beverly Hills of Kuala Lumpur, has set a new benchmark in pricing for high-end residential products with its enclave of 88 bungalows each priced from RM4.5mil.
Even similar homes in the established residential neighbourhood of Damansara Heights come with a price tag of just over RM3mil.
Located on 33 acres in the highly soughtafter address of Mont'Kiara, the project will be developed in three phases comprising 88 units of two and three-storey bungalows, 34 units of 3˝-storey courtyard villas and 234 townhouses.
The signature residential enclave of Kiara Hills will have over gross development value in excess of RM1bil.
According to Sunway City Bhd managing director Datuk C.K. Wong, the Kiara Hills development is the most exclusive and highend residential development in the Klang Valley.
“We are most encouraged by the good response received so far. Since the soft launch of phase one of the bungalow precinct in the middle of last month, 46 bungalows had been sold for a gross development value (GDV) of RM200mil.
“Most of the buyers are in the Who's Who list of the society,” he told StarBiz in an interview.
Wong said the project would be transformed into a tropical enclave of resort homes, designed by award-winning architects. The five show houses are designed by top interior decorators from Malaysia and Singapore.
Kiara Hills will be lushly landscaped at a cost of RM6.5mil with plants and shrubs to blend with the modern tropical and Balinese ambience.
Elevated about 120ft above ground level, the peak offers a good view of surrounding areas, including the KL city skyline.
“The homes are specially designed for those who yearn for exclusivity, convenience and privacy within a tropical living enclave,” he added.
Tastefully designed and fitted with luxurious finishes, the homes are fitted with highend fixtures including Italian marble for living, dining and dry kitchen, Burmese teak for the floor and Italian wardrobes and kitchen cabinets.
Wong said Mont'Kiara was still a favourite residential address among the more upmarket customer base and would-be purchasers will be given a preview by invitation only.
Among the affluent residential neighbourhoods and golf clubs in the vicinity are Sri Hartamas, Mont’Kiara, Taman Duta, Bangsar, Kuala Lumpur Golf and Country Club and Bukit Kiara Club.
“This is definitely a magnet for those seeking to buy into an exclusive address and be part of the happening place of Mont'Kiara,” he said.
The place's accessibility had been enhanced with the opening of the Sprint and Damansara-Puchong expressways.
For security, the enclave will be gated and guarded with smart home features and electronic surveillance system.
Wong said SunCity, noted as a trend setter in the niche property development arena, had plans to venture into large varieties of highend properties that are strategically positioned in multiple locations within the Klang Valley, Penang and Ipoh.
“We deliver quality homes with a difference and hold excellent record in timely delivery of product, that appreciates in value,” he added.

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