Saturday August 18, 2012
Malaysia’s very own 90210
INSPIRED by Beverly Hills, California, GD Development Sdn Bhd and Debao Property Development of China, launched their inaugural residential project, Green Beverly Hills in Nilai, Negri Sembilan.
The joint-venture project is for a freehold, gated-and-guarded development comprising two high-rise condominiums and eco-friendly private villas. The projects Garden Villas and Water Villas will be surrounded by luscious green hillsides and a natural lake respectively.
The Garden Villas will boast cutting-edge designs to enhance comfort, and owners will enjoy spacious six-bedroom home with built-up areas from 3,858 sq ft within a land areas of 5,257 to 10, 211 sq. feet. Garden Villa prices start from RM 1.9mil.
The second style of private villas is a seven-bedroom, waterfront home built besides a natural lake. Filled with sleek luxury and spaciousness, each Water Villa features a majestic lakeside view and a private lift that enhances convenience. The Water Villas will occupy land areas of 4,005 to 11,539 sq ft with a built-up areas of 4,769 sq ft and are priced from RM 3.16mil onwards.
The development will also have two 25-storey towers that will offer fully furnished units complemented with designer glass walls and windows, and luxurious amenities. Dubbed as sky bungalows, both towers will be shaped like a six-petalled flower combining modern architecture and auspicious feng shui elements. Each tower will have an infinity pool and four different unit layouts between 930 and 1,800 sq ft with prices ranging from RM390,000 to RM780,000.
The residential development has attracted great interest from foreigners as half of the purchasers are foreigners mainly from China, Taiwan, Hong Kong, Thailand, Indonesia and the Philippines.
According to GD Development’s co-founder Datuk David Yeat Sew Chuong, the residential development has seen a 70% take-up rate. “Tower A is 90% sold and 50% of Tower B. The take-up rate is very encouraging and we are confident that we can sell every unit before we complete the project,” Yeat said. The first phase of the two towers will be completed within the next 20 months.
Deputy Finance Minister Datuk Donald Lim who was present at the launch welcomed the joint development project and encouraged more Malaysian companies to work with companies from China and India.
“This is a perfect example for other companies in Malaysia who are interested in working with foreign companies. It is a win-win situation for everyone,” said Lim.
Established in 2000, Debao is an integrated property developer of residential and commercial properties in Fo Shan City, GuangDong, China and was listed in the Singapore Stock Exchange in 2010 meanwhile GD Development was co-founded two years ago with Green Beverly Hills is its inaugural project.