PROPERTY developer Impianika Development Sdn Bhd is targeting to launch the second phase of its Razak City Residence by the end of the year.
Located opposite Bandar Malaysia, the second phase comprises two blocks offering a total of 1,080 units. Each unit measuring 800sq ft comes with two bedrooms and two bathrooms.
Impianika Development Sdn Bhd assistant sales and marketing manager Eddie Chang Foo Wah said the development is targeted at first-time homebuyers, small families and professionals.
“With its close proximity to the city centre, Razak City Residence offers buyers the advantage of living nearby at an affordable price.
“Phase one has four blocks with two layouts, 800sq ft with two bedrooms and two bathrooms or 1,045sq ft with three bedrooms and three bathrooms.
“These fully-furnished units are priced at RM429,000 and RM529,000, respectively.
“Since the launch in April, we have received tremendous response with a take-up rate of 75%. We are expecting it to be sold out by the end of the year.
“We are planning to launch phase two at a slightly higher price and perhaps include more furniture,” he said.
Chang added that Impianika is planning to unveil phase three, which comes in two blocks and offers floor layouts similar to phase one, in the middle of next year.
“Phase four with four blocks, will have the biggest built-up of 1,100sq ft,” he said.
The developer also held a Mid-Autumn Frenzy Party at Razak City Residence Sales Gallery, Kuala Lumpur, which featured performances by local artistes, games, fireworks display and lucky draw.
A total of 17 out of 30 local artistes also signed their sale and purchase agreements for units at Razak City Residence.
“We understand that owning a home can be quite challenging so we wanted to offer local artistes a chance to have their own property.
“Most of them work on a contract basis and would find it difficult to own a home,” Chang said.
With a total gross development value of RM3.5bil, the 12-block project is currently under way and is expected to be completed by April, 2022.
Razak City Residence offers a full range of facilities such as infinity pools, gymnasiums, playgrounds, multi-purpose halls and complimentary parking bays as well as 24-hour CCTV surveillance.
The project will also feature a retail component comprising two storeys of 121 shop-offices below the residential units.
Easily accessible via three major road networks, namely the Sungai Besi Highway, KL-Seremban Highway and North-South Expressway, Razak City Residence is also located within walking distance of the Salak Selatan LRT and KTM stations.
The upcoming MRT station in Bandar Malaysia and the KL-Singapore High Speed Rail will further boost the connectivity and convenience of the development.
Popular shopping malls such as Sunway Velocity Mall, MyTown Shopping Centre, Ikea Cheras, Mid Valley Megamall and Pavilion Kuala Lumpur are also located within a 7km radius of the development.