Today, more and more people are embracing urban living. According to Deputy Federal Territories Minister Datuk Dr Shahruddin Md Salleh, 75.45% of the country’s population lived in urban areas and major cities in 2017, making Malaysia one of the most urbanised countries in South-East Asia.
To complement this shift, there is also a demand for quality housing and amenities that make for convenient and comfortable living in tandem with an urgent need to find ways to enrich the lives of the growing population in cities and towns.
In response to the demands of today’s denizens of urban living, UEM Sunrise Berhad (UEM Sunrise), which number among Malaysia’s leading property developers, presents its masterplan of Kiara Bay – its latest flagship development, together with the newly opened Kiara Bay Sales Gallery for priority previews of Residensi AVA.
Located in the heart of Kepong at The Walk, Kiara Bay’s Central Business District, Residensi AVA sets the tone for elevated urban eco-living with an emphasis on liveability.
An integrated township offering elevated, enhanced living by the waterfront, thanks to its proximity to Kepong Metropolitan Park, Kiara Bay leverages the lake, nature and an active lifestyle with the convenience and connectivity of a vibrant urban environment, offering urban living at its finest.
The design of Kiara Bay is based on the concept of urban liveability. To this end, there is diversity in space usage, from retail to outdoor parks complementing each other to create a vibrant atmosphere in the self-sustaining township.
This concept aims to develop close-knit societies within the township through community events, festivals and celebrations.
“Our focus with this urban liveability concept, which will be the core of everything we do at Kiara Bay is to create an active urban living icon that has something to offer everyone in our multi-generational communities, ” said UEM Sunrise managing director and CEO Anwar Syahrin Abdul Ajib.
“At UEM Sunrise, we aim to build more than just structures and buildings, but communities and an inclusive environment for them to identify with. Mont Kiara is our testament to this vision and so is Kiara Bay.”
This mixed development project will be built together with joint-venture (JV) partners, Melati Ehsan Group.
“We are excited to be on this journey with UEM Sunrise to create something new in Kepong. Combined with the way this masterplan is detailed and the character that it embodies, Kiara Bay will become the industry’s benchmark of urban township, ” said Melati Ehsan Holdings Berhad Group chairman Tan Sri Yap Suan Chee.
According to the masterplan, Kiara Bay will consist of residential units, retail mall, office spaces, hotels, healthcare centres and education hubs and span across 73 acres of prime leasehold land in Kepong, with a total master township Gross Development Value (GDV) of RM15 billion.
Residensi AVA consists of 870 residential units with built-up areas ranging from 813 sq ft to 1285 sq ft. Pricing starting from RM567,800. Included in this phase are other amenities and facilities such as swimming pools, gym, sky deck and more.
The estimated completion date of Residensi AVA is targeted for quarter 2, 2024, with the township in its entirety in 2039.
In terms of accessibility, Residensi AVA Bay would be accessible via several highways and main roads such as the Middle Ring Road 2 (MRR2), Lebuhraya Damansara-Puchong (LDP), Duta Ulu Klang Expressway, Jalan Kuching and Jalan Kepong.
There will be two new interchanges providing direct access from MRR2 into Kiara Bay. Two MRT2 stations, Kepong Baru and Jinjang, are scheduled to be operational by 2021 and will be the closest MRT points to Kiara Bay.
“This 15 to 20 year regeneration project would allow integrated master-planning with a diverse range of product types, amenities and community services like auxiliary police and shuttle busses to the nearest MRT station, ” said Anwar.
“Leveraging our experience and success in developing Mont’Kiara and our JV partner Melati Ehsan’s track record in construction management, we want to create the same value with Kiara Bay so that homebuyers and investors can enjoy capital growth in their assets.”
He added that in comparison to pocket-sized developments, Kiara Bay’s all-encompassing masterplan would create more communities and commercial activities, which would translate to a more positive impact on Kepong economically and socially.
Find out more at residensiava.com.
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