KUALA LUMPUR: The Lavile Kuala Lumpur freehold mixed-use development in Maluri, Cheras has seen a 95% take-up rate for the first three residential towers, since the project’s launch in late 2016.
Developed by Orando Holdings Sdn Bhd, the last residential tower (named Cheerz) consisting of 248 condominium units and 24 guest suites in a 38-storey block was launched simultaneously last Saturday in Malaysia, Singapore and Hong Kong.
The Cheerz condominium units are priced from RM930,000 and come in two or three-bedroom layouts, and sizes of 750,864 or 961 sq ft.
The Cheerz Tower will have nine units per floor, served by three lifts, and highlights include a rooftop lounge and sky glamping courtyard.
The 24 guest suites are not for sale, and will be fully furnished short-term rental accommodation catering to friends, family or business associates of condominium owners.
Lavile Kuala Lumpur is built around the 15-minute neighbourhood concept, where dwellers can access their essential living needs within a 15-minute reach by train, walking or cycling. This concept was developed by Professor Carlos Moreno at the Sorbonne in Paris, France.
“We want to create high-quality homes that enable people to live great lives, ” said Orando Holdings group managing director Datuk Eng Wei Chun at the launch event of Cheerz Tower at Four Seasons Hotel Kuala Lumpur.
Eng said to safeguard the quality of the living environment, short-term vacation rentals or homestay businesses will not be allowed.
“To deter such activities, we will impose 10 times the monthly maintenance charges on the guilty units, ” he said.
When completed, Lavile Kuala Lumpur will have 1,278 condominium units in one, two or three-bedroom layouts sized from 750 to 1,067 sq ft on a 3.79-acre freehold parcel.
There will be four residential towers including Towers A1 and A2 (both 48-storey blocks), and B (a 40-storey block).
Earlier phases of Lavile Kuala Lumpur, which has a gross development value of RM1.8bil, are due to be completed by August 2021, while the Cheerz Tower is due for handover in mid-2022.
Facilities will include a badminton hall, sky lounge, floating gymnasium, a barbecue area, jacuzzi bubble pool, children’s playground, sauna and a 52-metre infinity lap pool.
The tentative maintenance fee is 35 sen per sq ft per month.
Amenities located close to Lavile Kuala Lumpur include the AEON Taman Maluri shopping centre (150 metres away) and Sunway Velocity Medical Centre (300 metres away).
In the surrounding vicinity, there are also Sunway Velocity shopping mall, MyTOWN Shopping Centre, IKEA Cheras, Hospital Universiti Kebangsaan Malaysia, Pantai Hospital Ampang, Prince Court Medical Centre, Taylor’s International School and Alice Smith School, Wawasan Open University, Business and Management International College, the Cheras police headquarters, UCSI University, SMK St Gabriel and SRJK (C) Naam Kheung.
As for connectivity, Lavile Kuala Lumpur is only 150 metres from the AEON Maluri mass rapid transit (MRT) interchange station, and is easily accessible via the Sungai Besi Highway, North-South Expressway, Maju Expressway, Middle Ring Road 2, Jalan Tun Razak, Jalan Loke Yew, Jalan Cheras, Jalan Peel and Jalan Jejaka.
According to Eng, Towers A1 and A2 have seen mainly Malaysian buyers while Tower B has a 70:30 ratio of domestic and foreign buyers respectively. The foreign buyers are from Singapore, China, United States and Britain.
“We continue to target both local and foreign owner-occupiers for the Cheerz Tower, ” he said.