(From fifth from left) Lee, Wang and Ng, during the exclusive tour of The Valley Residences in Setiawangsa, Kuala Lumpur. – Photos: IZZRAFIQ ALIAS/The Star
RENOWNED property developer SkyWorld Development Bhd reached another milestone with the launch of The Valley Residences, a three-block residential condominium in the heart of Setiawangsa, Kuala Lumpur.
The project, which comprises some 1,300 units measuring between 800sq ft and 1,318sq ft, is slated for handover of keys next month.
Located on a 1.9ha leasehold land, the project has a RM761mil gross development value (GDV) with over 60 facilities.
It boasts the tallest structures yet in Setiawangsa with Towers A, B and C at 48, 43 and 54 stories respectively.
The strata scheme also comprises an eight-storey parking block, which will provide two parking bays for each unit owner.
SkyWorld Development Bhd chief executive officer Lee Chee Seng said the high-rise project incorporated green elements in its design.
He said the structures were oriented in a way that avoided direct sunlight, thus minimising the heat exposure for the units.
Ikejime, live fish cutting during the SkyWorld The Valley Residences media tour.
“We also decided to build the swimming pool on the ground floor, which helped to regulate the temperature in the area.
“We took into account as well the wind pattern to ensure optimum ventilation in the residence,” he said during the project launch.
The Valley Residences is located next to AEON Mall AU2 and within 500m of the Setiawangsa LRT station.
It also has easy access to the Duta Ulu Kelang Expressway (DUKE) and Setiawangsa-Pantai Expressway (SPE).
During presentation, Lee said SkyWorld had launched 13 projects with a total GDV of RM5.9bil in Kuala Lumpur.
These projects covered 24.3ha in the capital city, with more than 12,000 units launched since 2014, he said.
He also said that SkyWorld had planned 10 more projects between 2023 and 2026, with the total GDV estimated at RM4.08bil.
SkyWorld executive chairman and founder Datuk Seri Ng Thien Phing attributed their success to its employees.
He said that on average, the company’s projects recorded a 97.6% take-up rate, which was among the highest in the construction industry in Malaysia.
“We also maintain an impressive rating by the Quality Assessment System in Construction (QLASSIC) standard,” he added.
The developer gave a tour of the completed project to its estate, banking and media industry partners.
The guests were also treated to light refreshments and performances at Level 9, which comprised recreational and co-working spaces.
Among those present was Star Media Group (SMG) chief business officer Lydia Wang. (From fifth left) Lee, Wang and Ng, during the exclusive tour of The Valley Residences in Setiawangsa, Kuala Lumpur. — Photos: IZZRAFIQ ALIAS/The Star
