KUALA LUMPUR: OSK Property Holdings Bhd says the Budget 2014 announcement on the increase in the real property gains tax and curbs on the developer interest-bearing scheme won’t affect sales of Eclipse Residence, its upcoming development.
Sales and marketing assistant manager Candee Lee said the budget announcement would not impact sales, as the development was strategicly located in Cyberjaya.
“The apartments are located in the vicinity of educational institutions and multinational companies, and are accessible to major cities,” she told StarBizWeek.
As part of the 6.47ha mixed development called Pan’gaea with a gross development value (GDV) of RM1.2bil in Cyberjaya, the Eclipse Residence is the third phase of the development. Phase 1, launched in 2011, comprised small office, flexible office and boutique retail shops, while the serviced apartments under phase 2 were launched in 2012.
Eclipse Residence consists of two blocks of 668 freehold partially furnished apartments on a 1.17ha site. It has a GDV of about RM400mil.
Priced from RM363,800, the one to three-bedroom units come in four different layouts and measure 450 to 990 sq ft.
A public preview of the apartment units began yesterday and will run till Nov 24.
The project is slated for launch in January next year and is expected to be completed in the first quarter of 2018.