“This boutique residential development situated on a 90-acre parcel of leasehold land in Kundang town comprises 573 units of 2-storey terraced houses surrounded by lush greenery,” he told reporters during the soft launch today.
The four-phase development will have a gross development value (GDV) of RM600 million. The developer plans to launch the first two phases, which consist of 122 units, at the end of July. The remaining phases will be unveiled by year-end.
“The built-up sizes of the terraced homes range between 1,733 sq ft and 2,388 sq ft. The selling price starts from RM570,000 or RM320 psf on average,” Ngan added.
He noted that Kundang Estates is perfect not just for locals who are looking for an upgrade but also city dwellers, especially those who work or stay at the north of Petaling Jaya and who want a suburban living environment.
“Housing prices in Petaling Jaya are far beyond what most people can afford. With good accessibility through the various highways — such as the KL–Kuala Selangor Expressway (LATAR Expressway), the North–South Expressway, and the Guthrie Corridor Expressway, people will choose to move further for more affordable properties with a good living environment,” he explained.
Notably, he said there will be four recreational parks — Lakeside Gardens, Community Farm, Esplanade and Adventure Parks — in Kundang Estates with various facilities such as a zip line, open air trampoline, flower lane, a dedicated bicycle lane and a community vegetable and herb planting area.
The Esplanade features the Flying Fox, open air trampolines and the beautifully-landscaped Flower Lane. Meanwhile the Lakeside Gardens presents a scenic jogging and bike trail that circles a lake and also links to the entire estate.
Adventure Parks has an extreme bike trail and adventure climbing web. The Community Farm, with its planting beds, enables residents to bond as they get together to grow plants, herbs and vegetables for personal consumption, under the guidance of professionals.
Kundang Estates' construction work started this year and is slated to be completed within 5 years.
Meanwhile, Ngan also noted that there will be an 810-acre Gamuda Gardens township development 5km away from Kundang Estates which the developer plans to launch early next year.
“Together with the 90-acre Kundang Estates development, the 900-acre cluster development is expected to have a GDV of RM11 billion. Gamuda Gardens will take about 10 to 15 years to complete,” he added.
In conjuction with the soft launch, Gamuda Land held the “Kundang Estates Country Fest” event today at SJK (C) Kundang, inviting interested buyers and Kundang town residents to have a preview of the project while enjoying a series of fun outdoor activities, including zip lining, riding inflatable boats, “bumper ball combat” and Zorb ball rolling.
News Source: The Edge Property, 18 June 2016