Paramount to launch second Cyberjaya development this October

CYBERJAYA: Paramount Property Development Sdn Bhd will be launching phase one of Sejati Lakeside, its second landed housing project in Cyberjaya, this October.

Paramount Property CEO Beh Chun Chong told EdgeProp.my that the 41-acre freehold development has a GDV of RM570 million. It will comprise 418 units of two-storey terraced houses, superlink houses and semidee homes with a modern sleek design.

Phase one offers 130 units of two-storey terraced houses with a GDV of RM130 million. Each unit has a land area size of 22ft by 70ft and 2,546 sq ft built-up.

Every house has four bedrooms and is priced at RM928,000.  They are slated to be completed within two years.

“Sejati Lakeside is just 1.5km away from our Sejati Residences development and close to King Henry VIII College located at Cyber 11. The sales gallery is now under construction and will open to interested buyers soon,” he said.

The remaining two phases of Sejati Lakeside will be launched next year depending on market demand, added Beh.

Paramount Property’s first high-end landed residential project in Cyberjaya was Sejati Residences which was launched back in 2011. The development emphasises being close to nature and a master plan that promotes a wellness lifestyle.

Completed over three phases, Sejati Residences has a total of 249 units of strata landed houses built on a 40-acre tract. It consists of semidees, detached houses, courtyard villas and superlink houses.

Sejati Lakeside is built beside a 45-acre lake and the developer plans to build a lakeside promenade with a 2.2km jogging trail.

Unlike Sejati Residences, the non-strata Sejati Lakeside does not have a clubhouse. Nevertheless, the developer has allocated five acres of land for recreational parks and wellness facilities catered to residents of all ages.

For instance, the Cardio Park and Bark Lawn come with a par course and outdoor exercise equipment while the Eco Garden will have a tropical spice garden and fruit orchard as well as a picnic area. There will also be basketball and badminton courts, a pets’ zone and an amphitheatre that could be used as a community activity space.

Targeting multi-generational families and upgraders looking for bigger homes, Beh cited for example the semidees which will have a spacious bedroom on the ground floor suitable as a room for the elderly or as a guest room.

The developer has also decided to maximise the space for the kitchen area to encompass both wet and dry kitchens.

“Our design emphasises space flexibility for growing families and enables a multi-generational family to live together. As these are non-strata units, they offer owners the flexibility to renovate the facade or make extensions for future needs,” Beh said.

Buyers’ needs evolving

Having been in the industry for over 20 years, Beh noted that requirements for a home have evolved and developers will need to adapt to the changes to offer relevant products that the market wants.

Internet-savvy buyers are doing their research from web and thanks to low-cost carriers, many people have travelled and experienced varied lifestyles, making them more sophisticated consumers, he said.

Commenting on affordability and location, Beh said homebuyers of different age groups have different needs, citing for example, young salary earners who prefer to stay in the city centre while growing families would not mind staying further from the city to gain a better living environment.

Hence Cyberjaya in the southwest of Kuala Lumpur has become a popular area for young families due to its accessibility and amenities as it is close to Putrajaya and Sepang, said Beh. 

For example, he added, Sejati Residences has attracted buyers who work in Putrajaya and Cyberjaya, upgraders from neighbouring residential areas as well as homebuyers from Petaling Jaya, Puchong, Sepang and Dengkil who want a good living environment with lifestyle offerings.

Meanwhile, Paramount Property has also lined up launches of new phases in its existing townships including 100 units of two-storey superlink houses called Senni in Bukit Banyan in Sungai Petani, Kedah with an estimated GDV of RM44.22 million. The units will be on 24ft by 75ft lots while built-ups are from 2,572 sq ft.

Over at its Utropolis development in Batu Kawan, Penang, it will launch phase 3 called Sinaran with an estimated GDV of RM567 million which comprises 16 units of two-storey shopoffices and 982 serviced apartment units.

This story first appeared in the EdgeProp.my pullout on Sept 27, 2019. You can access back issues here.