BY KATHLEEN ANN KILI
KULAIJAYA: Genting Property has ventured into developing high-end residential areas in Taman Indahpura here to cater to the demands of the local community.
Its senior manager Beverly Goldman said the new Raintree project would see a mix development of cluster, semi-detached, link-bungalow and bungalow homes centred in lush greenery.
“All these while, our bread and butter were from developments of single and double storey homes here in Taman Indahpura, but this time we decided to take a different approach following demands for posh residency.
“We launched the first phase of the Raintree project, which includes 52 units of all types with a gross development value of close to RM68mil,” he said at the official launch of Raintree residential project.
Goldman added that the two-storey and two-and-a-half storey modern houses would see a built-up area of between 2,875 sq ft and 4,522 sq ft priced from approximately RM1mil to RM3mil.
“Our focus is to create living space surrounding greenery with a breezy environment,” he said, adding that the development was also strategically located near the main road, the district’s police headquarters as well as shopping centres.
He said that security provided would also be top notch, as the gated and guarded property would be surrounded by seven to eight feet high walls installed along with electrical fencing, which would be first-of-its-kind here.
“Although the industry has been facing a slow business, we forecast that things will pick up in the next six months.
“As for our Raintree project, we have been receiving good feedback, recording over 20% take up rate for its first phase,” he added.
Goldman also said that the company was also looking into constructing affordable homes with an average built up area of 2,000sq ft, in the district by next year.
He added that Genting possessed a total land bank area of about 2832.80ha and over 809.37ha of it had been developed including 6.88ha allocated for the Raintree project.