FORMER residents of the Kerinchi Flats are happy that their new apartment, Kerinchi Residences, is being built on schedule and should be completed by March 2016.
The flats’ residents’ association chairman Ahmad Rahman said the new units would have a market value of half a million ringgit compared to RM50,000 for their flats.
“The flats were already more than 40 years old and very dilapidated by the time they were torn down a few years ago.
“The unit we have been promised is worth RM500,000 and has many facilities, so we are happy to have taken the deal offered to us,” he said.
A total of 460 families had moved out of the flats and were given temporary accommodation at the nearby PPR Kerinchi until their new homes are completed by developer Suez Capital Sdn Bhd (Suezcap).
Company director Datuk Yasran Hussain said the project was 9% complete and there will be 473 units with an average size of 83.6sq m (900sq ft) per unit.
“Each unit has three bedrooms and two bathrooms, and comes with a parking bay. We will also be installing kitchen cabinets and a dryer,” he said, adding that the common facilities include a wading pool, surau, community hall and food court.
Residents’ children will also be offered priority to purchase additional units.
There will also be several shoplots that the Joint Management Body (JMB) can offer for rent to earn income to subsidise the maintenance fees.
The developer has also provided each family RM5,000 to move out and RM8,000 to move in once the project is completed.
Yasran added that the developer will bear Kerinchi Residences’ first year of maintenance fees but the amount has not been fixed yet.
Kerinchi Residences is part of a mixed development project called KL Gateway that features a mall, office and a premium residential block.
“Currently, we have sold some 85% of the units in the other portion of KL Gateway,” said Yasran, adding that they were also constructing a pedestrian bridge linking the project to the Universiti LRT station.
Yasran said they expected the entire development, which is aiming to be certified under the Green Building Index, to be completed between 2017 and 2018.
Lembah Pantai Umno division head Datuk Seri Raja Nong Chik Raja Zainal Abidin, who attended the developer’s briefing with the residents, expressed satisfaction at the progress.
“We have struggled for many years to redevelop this area. This project is now being used as an example for other areas because of the unique approach taken,” he said.
According to Nong Chik, the residents had a big say in the developer chosen.
“I hope the residents will not sell their units and continue to stay here once the project is completed,” he said.