Property Insight > Developer Of The Month > Glowing Reports For Uem Sunrise Berhad’s Residensi Solaris Parq

Glowing Reports For Uem Sunrise Berhad’s Residensi Solaris Parq

The economic downturn has seen many property developers holding back on their launches of late. Coupled with the issue of prospective house buyers finding it difficult to receive loans from banks, the shrinking ringgit and rising construction cost and labour charges, developers have understandably been plagued with a host of issues of late.

However, this was not the case for UEM Sunrise Berhad (“UEM Sunrise”) which recently launched Residensi Solaris Parq, the first phase of its latest mixed-use development, Solaris Parq, at the UEM Sunrise Showcase in Mont’Kiara, Kuala Lumpur.

Located beside UEM Sunrise’s creative retail subsidiary, Publika Shopping Gallery, the overall Solaris Parq development will sit on a 18.76-acre freehold land within the Dutamas enclave.

Comprising four components mainly Residensi, Galleria, Suites and Offices which will be launched in two phases, the Solaris Parq development will command a gross development value (GDV) of approximately RM3 billion and is expected to replicate and complement the success of Solaris Dutamas.

Its serviced apartments, Residensi Solaris Parq which is expected to be completed in 2022 marks the first development phase of Solaris Parq, with its retail, suites and office components following up closely in the second development phase.

Commanding a GDV of around RM755 million, Residensi Solaris Parq is designed to showcase a harmonious blend of nature and luxury. Already it is set to enhance the attractiveness of the Mont’Kiara and Dutamas neighbourhoods as viable destinations to live in, given the attractive array of work and lifestyle offerings.

The development is set to enhance the attractiveness of Mont’Kiara and Dutamas as a destination to live in, given its wide array of work and lifestyle offerings.

Featuring over 30 lifestyle amenities and cutting-edge facilities for its residents to enjoy, Residensi Solaris Parq will also be home to a two-acre urban park comprising four thematically landscaped zones: Grassland (for weekend fiestas and garden events); Play Yard (with designer-crafted playground equipment); Flower Sea (for quiet reflection and inspiration) and Forest Atrium (tranquil space to cherish the wellness of nature).

This integrated mixed-use development comprises serviced apartments housed in two towers with 288 units per tower. There are five different built-up sizes at the Residensi Solaris Parq development with units ranging from 721 sq ft to 2,469 sq ft. The selling price  for the units ranges from RM873, 800 to RM2, 968, 800.

The buyers and investors who attended the launch couldn’t agree more with UEM Sunrise’s  Managing Director/Chief Executive Officer Anwar Syahrin Abdul Ajib sharing that “Residensi Solaris Parq is a prelude of what is to come for the overall development of Solaris Parq.”

“We are working to not only deliver quality developments which many will be proud to call home, but we want to go beyond that to create sustainable communities.”

As of end October 2017, take up rate stood at 80% from the 576 units released.

GLOWING REPORTS FROM BUYERS

Judging from the success of its launch, here is what three happy buyers of the Residensi Solaris Parq serviced apartment units had to say about the development and the reason for their unwavering support towards UEM Sunrise.

Commenting on her recent purchase at Residensi Solaris Parq, Yap Pooi Ming a Senior Advertisement Sales Specialist cum property investor says, “Mont’Kiara is my preferred destination for work and play due to its accessibility and connectivity.

“These include the SPRINT Highway, Penchala Link, New Klang Valley Expressway (NKVE) and Duta Ulu-Klang Expressway (DUKE),” says Yap who also purchased a unit of 28 Mont’Kiara by UEM Sunrise.  

Global Capital Head of Sales Queenie Tan says that the two-acre urban park drew her attention towards the development. Together with her partner, Tan shares, “We purchased a unit here in Residensi Solaris Parq due to the various lifestyle amenities offered for example, the park which is an essential component within the development to ensure the overall health, happiness and well-being of residents within the development.”

Despite having invested in more than 10 properties, JEK Foods Chief Executive Officer Evelyn Wong who initially bought her first property investment in Singapore more than a decade ago decided to invest in a unit at Residensi Solaris Parq due to its prime location right next to Publika Shopping Gallery.

“My office is situated at Publika Shopping Gallery, hence, I find this development is perfect to invest in due to its vibrant and dynamic destination offering holistic and integrated lifestyle, with immense potential growth for investors.

UEM Sunrise is renowned for its award-winning and up-market high-rise residential, commercial and mixed-use developments developed largely in the affluent Mont’Kiara international area. Some of their residential projects here includes 28 Mont’Kiara, Arcoris Mont’Kiara , Residensi22 Mont’Kiara and Residensi Sefina Mont’Kiara

As one of the leading property developers in Malaysia, the company is also responsible for introducing a creative retail concept in Solaris Dutamas, also known as Publika. UEM Sunrise is a public-listed company and one of Malaysia’s leading property developers. It is the flagship company for township and property development businesses of UEM Group Berhad (“UEM Group”) and Khazanah Nasional Berhad (“Khazanah”). UEM Group is wholly-owned by Khazanah, the strategic investment fund of the Government of Malaysia.

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