PLATINUM Victory Holdings Sdn Bhd is set to launch its first property project for the year – PV18 Residence in Setapak, Kuala Lumpur – next month.
The high-rise residential development on 2.25ha of leasehold land along Jalan Langkawi, next to Danau Kota Lake, has a gross development value (GDV) of RM600mil and consists of two 40-storey blocks.
Offering 852 units with built-ups of 1,021sq ft and 1,219sq ft, prices start from RM473,000.
“The younger generation can stay close to their parents while enjoying privacy, or vice versa,” Platinum Victory Holdings Sdn Bhd executive director Gan Yee Hin said on the dual-key concept for the bigger apartment.
He added that PV18 Residence was reserved specifically for launch in 2018 as the number “8” symbolised double prosperity.
Homeowners will get to enjoy facilities such as a swimming pool, barbecue area, gymnasium, wading pool and gazebo on the ninth-floor landscaped deck while a basketball court will be located on the ground floor.
The strategically located development will provide easy access to major highways such as Duke, MRR2 and the proposed Duke 3, and the retail districts of Suria KLCC and Bukit Bintang.
The development will be well connected to various modes of public transport, including the LRT and the Integrated Transport Terminal Gombak that is expected to be ready next year.
“Metropolitan living is really about convenience and PV18 Residence resonates with that.
“We hope to achieve 100% take-up rate within six months,” said Yee Hin, adding that the project was expected to be completed ahead of schedule by December 2020.
Platinum Victory aims to launch projects with a GDV of RM2bil this year.
Other projects in the pipeline are Platinum OUG at Bukit OUG, PV9 Melati at Setapak and Platinum Arena in Jalan Kelang Lama.
Platinum OUG features a 34-storey condominium block of 440 units with a built-up area of 1,250sq ft and dual key feature while PV9 Melati consists of 953 condominium units across two 34-storey blocks with built-ups ranging from 1,000sq ft to 1,300sq ft.
Platinum Arena, located next to the Datuk Lee Chong Wei Sports Arena, will introduce a new concept revolving around sports.
Platinum Victory has been active in the Setapak area for almost two decades and is recognised for its many high-rise developments.
Rolling out a new development every quarter, company director Gary Gan said it was confident about its projects.
“As a community developer, we focus on creating reasonably- priced products without compromising on quality, space and our promise on delivery. Despite the current market sentiment, we believe there is still demand,” said Gary.