Property Insight > News release > Fajarbaru launches RM280 million GDV Rica Residence @ Sentul, KL

Fajarbaru launches RM280 million GDV Rica Residence @ Sentul, KL

KUALA LUMPUR, 3 AUGUST 2017Fajarbaru Builder Group Berhad (“Fajarbaru” or the “Company”), a Bursa Malaysia Main Market listed company involved in the construction, property development, logging & timber business, has today launched its maiden residential property project – Rica Residence @ Sentul, KL (“Property”). The launch was graced by Y.B. Datuk Seri Utama Tengku Adnan bin Tengku Mansor, Minister of the Federal Territories.

Located in Sentul that has increasingly gained appeal amongst city dwellers and expatriates, the Property will add 473 serviced residences to the Sentul property scene, all within a 39-storey tower. With a starting price of RM600 per square feet and built-up spaces ranging between 657 sq.ft. to 1,238 sq.ft., the layout types include single studios to 2-bedroom units and the dual entry homes, which makes it perfect for own stay and investment purposes. Rica Residence @ Sentul is set to be the next eye-catching landmark in the Sentul area.

Speaking after the launching ceremony, Fajarbaru Builder Group Berhad Executive Director Eric Kuan Khian Leng said: “To date, we have already achieved 70% sale of Rica Residence @ Sentul units during our private preview roadshows. The response and support received were tremendously positive which shows the market confidence in property products by Fajarbaru. In addition, the number of sales we have garnered thus far is a testament to the quality of our product. We still have more projects to be launched and we look forward to bringing more innovative products that can further excite and delight our customers in near future.”

With its tag line, “Seamless connectivity from City Centre”, Rica Residence @ Sentul is just 150m away from the KVMRT2 project linking Sungai Buloh and Cyberjaya. With the MRT2, major destination such as KLCC, TRX, Bandar Malaysia, Cyberjaya are just minutes away without get caught in traffic jam. “We believe the public transport is the de facto mode of transportation going forward, thus with the completion of MRT2 in the middle of 2022 and the completion of our Property in 2021, it will be a significant positive impact to our purchasers,” Eric added.

Eric said another unique selling points (“USP”) of the Property is its strategic location – just 5km away from KLCC and with the existence of Duta Link and DUKE Highway, the area is just a breeze drive away to KL Sentral, Hartamas, Segambut and Mont Kiara.

Targeting young families and investor, Fajarbaru has made Rica Residence @ Sentul units affordable while providing all the comforts and amenities sought by the target market. With a starting price of RM600/sq.ft., purchasers can enjoy unobstructed views from the unit, as well as a landscape garden on designated floors.

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