Gan Yee Hin (right), Executive Director of Platinum Victory officiated the launch at Vista Sentul sales gallery with Dato' Ir. Tee Chai Seng (left), Managing Director of TCS Group Holdings Berhad; the main contractor of Vista Sentul.
Leading property developer, Platinum Victory addresses the growing demand for competitively-priced modern urban homes within Sentul and Greater Kuala Lumpur, belying the lacklustre outlook of the current residential property market.
On 8th August 2020, Platinum Victory officially launched its freehold Vista Sentul apartment suites. Prior to this, the soft launch of the project during the Conditional Movement Control Order (CMCO) has seen a take-up rate of 60%.
Executive Director of Platinum Victory, Gan Yee Hin, said: "Vista Sentul is highly regarded for its affordability, convenience, and liveability. The project features units with varying built-up areas from 689 to 1,216 square feet, with the price from RM478 per square foot.”
Built on a 2.38-acre site, Vista Sentul has a gross development value (GDV) of RM308 million, these urban homes offer owners value for money in design and functionality. Slated for completion in Q3 2023, the development is strategically located at Sentul's gateway and connects to multiple hotspots in Kuala Lumpur like Gombak, Setapak, Jalan Ipoh, Segambut, Mont Kiara and Jalan Duta. The project features eight types of units across two blocks. The first block has a total of 262 units spread over 32 floors, while the second block has 45 floors, housing a total of 443 units.
Another Platinum Victory project which has shown overwhelming uptake during this period is the recently launched Vista Danau Kota. This project, under Vista Essential Homes, garnered a 70% subscription rate through the government’s Affordable Housing Scheme (Residensi Wilayah, also known as RUMAWIP), within only three weeks of its official launch on 4th July 2020.
“Overall, the Malaysian residential property industry continues to be resilient. A recent consumer sentiment study by the industry suggests that more than half of renters and almost half of young respondents (22 to 29 years) are undeterred by the current challenges in terms of home ownership and will proceed with property transactions as planned. The encouraging response that we have had validates the view of some analysts who have observed active bookings of rightly positioned residential products of reputable developers in popular suburbs,” Gan commented.
Gan applauded the concerted efforts made by the government and financial institutions to deliver relief and targeted banking assistance; through initiatives such as the National Economic Recovery Plan (PENJANA) and other stimulus plans.
“These measures make it easier, particularly for first-time house buyers, who have incidentally contributed the most to the market in recent years. The property industry still holds the public’s confidence and buyers’ keen support for new developments amidst the current competitive landscape,” he said.
“This is possible thanks to consistent coverage by the media on property development updates to keep the public informed. This has generated positive response among stakeholders to boost market sentiment. Media professionals are the unsung ‘frontliners’ in keeping Malaysians apprised on the latest developments during this period,” added Gan.
He pointed out that it is the right time for potential house-buyers to now tap into the government’s offerings and explore property investment opportunities.
Vista Sentul offers a selection of facilities that affords a wholesome urban living experience. Some of the recreational facilities include playscape areas for adults and kids, a yoga room and deck, infinity and wading pools, a gym, a playground, a BBQ area, a laundry room, a convenience store and a café.
Vista Sentul's seamless connectivity provides direct access to major roads and highways such as Jalan Sentul, Lebuhraya Duta-Ulu Kelang (DUKE) and Lebuhraya Setiawangsa-Pantai (DUKE 3-SPE). Iconic landmarks like KLCC, Pavilion, KL Sentral, Publika and Sogo are only within an 8 km radius.
To know more, Vista Sentul’s sales gallery is now open for public enquiries and show unit viewing. You may visit www.platinumvictory.com and www.thepalette.com.my for more details.
(13 August 2020)
