Despite the sluggish market, buyers are showing that they are still enthusiastic about projects within vibrant new growth areas and with strong investment potential.
Recent evidence of this is last weekend’s launch of Conezion Condominium, which drew a sizeable crowd at IOI Galleria in IOI Resort City, Putrajaya.
Two residential blocks comprising over 663 units were released for sale to registrants and members of the public, which developer IOI Properties Group says has translated into a very encouraging take-up rate.
The freehold condominium project is strategically located within IOI Resort City, which is shaping up to be a world-class lifestyle destination. It makes up a portion of the on-going larger Conezion integrated development, just 700 metres from the popular IOI City Mall, which is designed to provide the burgeoning surrounding community with a modern commercial focal point.
In its entirety, the RM1.4 billion development will comprise four residential towers and 14 blocks of retail shop offices that occupy 16.49 acres.
At the launch, purchasers had a choice of three unit types, with two or three bedrooms and flexible layout options, ranging between 780sq ft and 1,278sq ft in size.
“Purchasers were particularly impressed by the practical and well-designed layouts that feature higher ceiling heights and large glass panels to create a sense of spaciousness, even in the smallest unit of 780sq ft. Buyers were also able to choose the type of view facing their unit; golf course, IOI City Mall or UNITEN,” said IOI Properties.
Facilities that will be made available include swimming and wading pools, a gym, learning lab, mini theatrette and a chill-out deck. Residents will also be given two car-parking bays per unit.
Another major pull factor, it said, was the price, which starts from RM530psf. Given IOI resort City’s potential for future growth, property seekers are seeing high value in this prospect.
Currently, buyers can take advantage of a number of incentives, including an attractive furniture subsidy package and IOI Properties’ “Buy Now Pay Later” scheme – allowing the buyer to span the payment of the differential sum for up to 24 months.
The development is accessible is served by major highways such as SILK, LDP, MEX, SKVE the North-South Expressway and Besraya.
Conezion is expected to be fully completed by the end of 2018.