“DC Residency comprises 370 units of contemporary designed homes – one bedroom to 3+1 bedroom units and penthouses.
For the mall and hotel, Tan said Guocoland planned to make the towers attractive to people staying in the neighbourhood, focusing on food and beverages strategy, as well as, luxury lifestyle that comes with a five-star service.
He said the hotel would be operated by The Clermont from London, which was making its debut in Asia.”
GuocoLand bullish on Damansara City’s take-up rate
Property developer, GuocoLand (M) Bhd, is bullish its flagship project, Damansara City, will be launched by the first quarter of this year.
“We are very optimistic of a positive take-up rate,” said Managing Director Tan Lee Koon of the integrated development worth RM2.5 billion in gross development value.
The project, comprising the high-rise luxurious ‘DC Residency’, office tower, an open street concept lifestyle mall and hotel, was likely to be fully completed within a 15 months period.
It would also coincide with the construction timeframe for the Mass Rapid Transit (MRT) station being built next to Damansara City.
Tan said the project would see its residential towers as the first component to be completed, within mid-2015.
“Sales for DC Residency will only start in the first quarter but we have already received tremendous queries and encouraging response from potential buyers.
“The most important thing is location and being the first mixed project in this sought-after area and with a supply limited, we are confident,” he told Bernama.
DC Residency comprises 370 units of contemporary designed homes – one bedroom to 3+1 bedroom units and penthouses.
For the mall and hotel, Tan said Guocoland planned to make the towers attractive to people staying in the neighbourhood, focusing on food and beverages strategy, as well as, luxury lifestyle that comes with a five-star service.
He said the hotel would be operated by The Clermont from London, which was making its debut in Asia.
Going forward, Tan said the company was cautiously optimistic of the outlook for the year, however, he believed the country’s fundamentals remained intact.
“With the Mass Rapid Transit (MRT) in place, improving infrastructure system and the implementation of Goods and Services Tax will have a big impact on the industry.
“I am very confident about the property market especially in the Klang Valley,” he said.
GuocoLand, the property arm of the Hong Leong Group, currently has a landbank of approximately 4,046.86 hectares in Kuala Lumpur, Selangor and Melaka.
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