OTHER than the road diversions and the building of the MRT stations, Taman Maluri, Cheras will be seeing a lot more activities the next couple of years.
Beside the road infrastructure and the public rail transport development that is currently being carried out at Jalan Cheras, private sector developers are also building a couple of malls to anchor their mixed integrated developments.
Property developer Orando Holdings Sdn Bhd will be launching mixed integrated development Laville Kuala Lumpur next to Aeon Taman Maluri.
Managing director Datuk Eng Wei Chun says that with the company’s retail-cum-serviced apartment project, Taman Maluri will be “even more happening” than before.
Eng says Aeon Taman Maluri will be offering the day-to-day amenities to residents while Maluri MRT station will provide the access to the other parts of the Klang Valley.
Laville Kuala Lumpur is also located less than 5km from two other major developments, Sunway group’s Velocity and Boustead’s MyTown. Both are mixed integrated developments that will have a combined net lettable area of over 2 million sq ft of retail mall space. Besides MyTown retail mall, IKEA Cheras is also located there.
“It is a challenge to sell currently but Laville offers much convenience in terms of retail shopping and public rail transport,” he says.
There will be two MRT stations – Maluri and Cochrane. Laville is what will be known as a transport oriented development (TOD), he says.
“This means convenience, both in terms of retail malls and public rail transport. You will not need a car,” he quips.
TOD developments offer much convenience to residents, particularly in terms of time management,” Eng says.
Orando is selling a location, a lifestyle and a concept, says Eng. On the challenge of selling today, Eng says the project’s location and surrounding amenities and conveniences are huge selling points.
Located on four acres, Laville Kuala Lumpur will have 1,200 units of serviced apartments and 35 units of two-storey retail units. There will be a total of about 2,000 car parks. Orando’s developments come in varying heights of 39-storey, 45-storey and two 49-storey blocks.
He says buyers have already shown interest in 250 units of Block A1 and A2 which has a total of 740 units, Most of the interested parties are Malaysians.
There are also buyers from China, Taiwan and Hong Kong, says Eng.
Laville is expected to be launched in the middle of December.
Two remaining blocks will be launched next year. The project is scheduled to be completed in 2020.
Orando’s other projects include Sky Vista Residensi and Vistaria Residensi, both of which are in Cheras.