The final block of Irama Wangsa in Wangsa Maju,by Benéton Properties Sdn Bhd, was launched last week at a minimum selling price of RM750,000 or RM600psf.
Block C comprises 200 units with built-ups ranging between 1,206sq ft and 1,637sq ft in three different layouts with choices of three and four-bedroom units.
According to the company’s chief executive officer, Chan Kin Meng, the final block was opened for private application in May and received good response with 30 per cent of the units booked.
“The units are bigger than those in the previous two blocks which were launched in 2014 to cater to buyers who are in their mid-thirties looking at upgrading to bigger units,” he said.
The low-density development has a gross development value of RM480 million and comprises three residential blocks. It is slated for completion in 2018.
The development comes with a 500m jogging path as well as a 10,000sq ft clubhouse with various facilities, including an Olympic-size swimming pool, gymnasium and multi-purpose hall.
Chan said that Wangsa Maju is a hidden gem in KL — a matured and self-contained neighbourhood that has great growth potential, especially after the opening of Duta-Ulu Klang Expressway (DUKE) which has improved its accessibility and uplifted its investment value.
“The improved accessibility and growing population will support the demand growth. There will be more room for capital appreciation in the future due to land scarcity and limited new supply in this area,” he added.
Irama Wangsa is located in Section 10, Wangsa Maju, about 12km from KL city centre, being the only freehold residential plot in the area.
The first phase (Block B) consists of 232 units with built-ups ranging from 991sq ft to 1,378sq ft and was launched in 2014 while the second block (Block A), which comprises 223 units with built-ups ranging from 1,152sq ft to 1,378sq ft, was launched six months thereafter.
The previous two blocks fetched minimum prices of RM535,000 or an average of RM550psf back in 2014 when it was first launched. Block B has seen a take-up rate of over 90 per cent and Block A at 75 per cent.