Desa Park City

First Nadia, then Safa and now LeVenue I. These are the first components of the mixed development called Desa Park City in Kepong, Kuala Lumpur.

The first two are offered by Perdana ParkCity Sdn Bhd, the original developer of Desa Park City, while the third is being undertaken by Asian Pac Holdings Bhd (APHB) on a 24-acre plot within the township it purchased at RM60 million in 2003.

– Property Times 15 Jan 2004

APHB is planning to develop 232 units of three-storey terrace houses and semi-detached units on this land, and plans to launch the first of its two phases, LeVenue I, sometime this year.

Residents of both LeVenue I and II will have access to the club facilities, parks and other amenities offered by Perdana Park City in Desa Park City – therefore, APHB only needs to provide a small playground and good landscaping that fits in with the general development theme of the area.

This will enable APHB to concentrate on the design and layout of the units, which will be larger than normal, with plenty of cross ventilation and other features such as courtyards and fishponds available inside the units.

The elements of feng shui are also considered and, according to an executive of the company, no unit will face either west or a junction.

The second phase, LeVenue II, will comprise 50 units of three-storey terrace houses and 70 semi-detached units, with the pricing of the terraces expected to be 10 per cent higher than that of

LeVenue I.

To give potential buyers an idea of what to expect in both the LeVenue phases, APHB is preparing four show units at the site of the RM230 million gross development value project, which marks the company’s entry into the high-end landed residential market.

Built on the theme “Bringing the outdoors indoors”, the project will boast a density of 10 units per acre and promises buyers, whether local or foreign, a niche, modern lifestyle.

APHB’s other projects include the 80-acre mixed development Kepong Entrepreneurs’ Park and Sutera Bukit Tunku – a RM64.4 million development consisting of 24 luxury condos.

In the pipeline are a RM130 million waterfront development spanning 24 acres near Sutera Harbour in Kota Kinabalu, Sabah, as well as a mixed development spanning 475 acres near Westport in Pulau Indah, Selangor.

These projects are expected to contribute RM1 billion in sales for APHB in the coming financial year, compared with sales totalling RM300 million recorded in the last financial year. – FF

– Property Times 15 January 2004 issue –

More info by The Edge here

Another Link for the buyer’s profile (in Malay Language) – confirming majority buyers are Chinese enthic.

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