If you have always wanted to live in the award winning resort-style Bukit Gita Bayu but had missed the previous launches, well, here’s your chance to own an upmarket home for below RM1 million.
The current launch of the Hill Villas are priced from RM660,000 to RM1.08 mil but the 54 units comprising 33 two-storey and nine three-storey bungalows and 12 duplex apartments are selling fast. As of last weekend, 46 units had been snapped up since its pre-launch a month ago. Except for one unit, all the five-room, six-storey apartments in two blocks (with lifts and priced from RM660,000 to RM750,000) have been sold.
The eight available bungalows with 3,120 sq ft (seven units) and 3,060 sq ft (one unit) built-up areas are priced from RM708,000 to RM848,000. All the units come with covered link-ways and two parking bays each.
“What surprises us is that 50% of the units sold were to our current buyers,” Liew Tze Yong, general manager of Yee Seng Heights Sdn Bhd told Starbiz. “We sold all the nine three-storey Hill Villas in one morning. It caught us by surprise as the market was generally quite slow,” he said, adding that the company has achieved RM42.5 mil sales out of a gross development value of RM50 mil.
Yee Seng Heights has transformed an old rubber plantation into one of the most talked about developments in the country. The lovely Balinese clubhouse or Kebun Mimpi (Dream Garden) is a major selling point. It is one of the most unique custom-built clubhouses in this region and boasts of a two-storey dining pavilion, a multi-purpose pavilion, a 25-metre lap pool, tree-sculptured wading pool with a view of a lake among others.
Bungalow lots were the first to be launched in Bukit Gita Bayu in 1997. They were then priced around RM35 psf to RM45 psf. All the 205 bungalow lots in phase 1 had been sold and handed over to the buyers. To-date 65 homes have been built and the prices of these lots have escalated to between RM100 psf to RM120 psf.
A large bungalow with a swimming pool is rented out to an American couple for RM25,000 a month while another bungalow is being rented out for RM13,000, said Liew. Next the town villas. The 100 units of walk-up apartments with 1,250 sq ft to 1,800 sq ft built-up areas were all sold soon after launch in 1999. From an initial RM193 psf to RM235 psf, the sub-sale prices have risen to RM240 psf to RM311 psf.
Yee Seng pioneered the concept of strata titled bungalows when it launched 31 units of Garden Villas in 2002. They were priced from RM980,000 to RM1.78 mil (RM287 psf to RM345 psf). When handed over in early 2004, their prices had hit RM415 psf for the three-storey type and RM380 psf for the double-storey units.
Liew said a property developer who had bought a Garden Villa unit for RM1.1 mil sold it for RM1.4 mil. He said many prominent figures including professionals have bought properties here.
The starting price of the Hill Villas is RM215 psf for the duplex units and RM255 psf for the double-storey detached houses, an entry level that would not be repeated .
Liew said the remaining 42 lots of about an acre each would be sold with the bungalows priced around RM3 mil to RM5 mil each. “They will comprise of a cluster of six to seven bungalows,” he said, adding that the clubhouse would have a new outdoor spa with some villas for rent to visitors. There would also be a shop village for the residents’ convenience at the main entrance.
“Our final product will be called The Peak. It will be one of the most expensive condominiums in the country. We plan to launch it in two years’ time,” he said. The 12-acre site on a small hill will be the “crowning glory” of Gita Bayu. It would comprise of three-storey apartments where the ground floor unit would have size of 8,800 sq ft.ms in Malaysia. The indicative price will be about RM1,000 psf (without the garden) and around RM568 psf (with garden).
He said The Peak would have Malaysia’s first residential underground car parks, each capable of parking a few cars. The same world-renowned resort designers Bunnag and Bill Bensley who designed the Kebun Mimpi clubhouse would be designing The Peak.
In 2003 the RM500 mil, 118-acre freehold gated community homestead in Serdang, Seri Kembangan, Selangor scored a hattrick when it won the International Real Estate Federation (FIABCI) Malaysian Chapter award for Best Residential Development and Selangor District’s Best Landscaping for Hotel/Resort/Tourism Complex category. It was also short-listed for the International Agakhan Award (residential category).
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