Sunrise confident of brisk sales for 28 Mont' Kiara condo
Property developer Sunrise Bhd (6165) is hoping to repeat the success of its 10 Mont' Kiara luxury condominium project in Kuala Lumpur with another similar project within the vicinity.
The 10 Mont' Kiara, featuring a 42-storey tower with 320 units, was sold out within months of launch.
Sunrise assistant general manager of projects department, Raymond H.C. Cheah (picture), said 28 Mont' Kiara is a 41-storey condo building, comprising 460 units with built-ups from 3,000 sq ft to 4,000 sq ft. Total gross development value of the project is RM800 million and is targeted to be completed in three years.
Cheah said 100 units of the condo had been taken up since its soft launch last Saturday.
"We are confident about sales (for 28 Mont' Kiara) due to its location and features of the property," Cheah said after the media walkabout of 10 Mont' Kiara in Kuala Lumpur yesterday.
He said the price of 10 Mont' Kiara condo units has appreciated by almost 30 per cent since it was launched three years ago.
"The units were sold at about RM500 per sq ft then and now they are fetching RM700 per sq ft.
"This track record has made our previous customers come back to buy more Sunrise properties, especially since second time Sunrise property buyers will get a 2 per cent discount (off total purchase price)," said Cheah.
Sunrise has completed the 10 Mont Kiara project and is in the midst of handing over the units to their owners.
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