Tower C (North Tower) of GuocoLand Malaysia Bhd’s Lakefront Condominiums in the township of Emerald Hills, Cheras, is currently 30% taken up. Launched in April 17 this year, Tower C has a gross development value (GDV) of RM280 million and comprises a total of 393 units.
GuocoLand Malaysia group managing director Tan Wee Bee says in an email reply to City & Country: “Previously, 99% of the first phase of Tower A and Tower B (South Towers) had been sold, mostly to local owner-occupiers. Following the success, we launched the second phase, Tower C.
“Tower C comprises 393 lakefront condominium units with built-ups of 840 to 1,400 sq ft, and prices that start from RM570,000. For the first time in Emerald Hills, there will also be dual-key units, designed for flexible living and to provide additional rental yield.”
The group plans to launch Lakefront Condominiums’ final tower in March next year. Tower D will have a GDV of RM296 million, and will comprise 393 units, with built-ups of 840 to 1,400 sq ft. Unit prices have yet to be firmed up, says the group.
Lakefront Condominiums, which occupies a 47-acre freehold tract in Alam Damai, has a GDV of RM966 million and is slated for completion by 2024. It has a total of 1,378 units: 296 units each in 28-storey Tower A and Tower B; and 393 units each in 35-storey Tower C and Tower D.
Emerald Hills has a total GDV of RM1.2 billion and is home to both Lakefront Condominiums and Garden Terraces, which comprises 181 terraced houses and is 99% taken up. The low-density township is surrounded by hilly terrain with a central lake. It has 21 acres for facilities and amenities. The lakeside central park has a barbecue pavilion, jogging and bicycle paths as well as a clubhouse and an infinity swimming pool overlooking the lake.
Emerald Hills is accessible via highways such as Shah Alam Expressway (KESAS), Federal Highway, Cheras-Kajang Highway, East-West Link Expressway, Jalan Cheras, Middle Ring Road 2 and Silk Highway. Nearby amenities include schools such as Sri Columbia Private Schools, SJK (C) Connaught 2, SJK (C) Balakong, SMK Orkid Desa and Cempaka International School; malls such as The Mines Shopping Mall, South City Plaza and Cheras Sentral Mall; and hospitals such as Columbia Asia Hospital Cheras, KPJ Ampang Puteri Specialist Hospital and UKM Specialist Centre.
GuocoLand Malaysia is the property arm of Hong Leong Group, which is listed on the Main Market of Bursa Malaysia and known for its residential townships as well as commercial and integrated projects. A subsidiary of Singapore-based GuocoLand Ltd, GuocoLand Malaysia has a land bank that spans Greater Kuala Lumpur and Melaka, with notable projects such as Damansara City, The Oval Kuala Lumpur and PJ City.