Parkfield Residences 2-storey terraced houses 70% sold

KAJANG (Sept 29): Tropicana Heights Kajang’s second phase, Parkfield Residences, has seen a take-up rate of over 70% and 50% for its 2-storey terraced houses and 3-storey linked semi-detached houses respectively, said Tropicana Corp Bhd executive director Kelvin Choo. 

The 2-storey houses have a gross development value (GDV) of RM308 million and were launched in March, while the 3-storey linked semi-dees have a GDV of RM 190 million and were launched in June.

The 2-storey homes have a built-up area of 2,203 to 2,977 sq ft with prices ranging from RM 835,800 to RM 1.82 million, while the 3-storey linked semi-dees have a built-up area of 3,079 sq ft and are priced between RM 1.23 million and RM1.64 million.

Parkfield Residences is expected to be completed in January 2018.

Meanwhile, the developer is currently working on their third phase, said Tropicana’s head of sales and marketing Ung Lay Ting.

“Our third phase which constitutes townhouses and exclusive semi-dees will start its preview in the second quarter of next year, and so far our dates are still as planned,” she told theedgeproperty.com.

Commenting on the slowdown in sales due to factors such well-regulated loan requirements, Ung noted that in the case of Tropicana, the rate of converting bookings to sales has been encouraging, even if loans generally take a longer time to be approved.

“From our first phase and second phase buyer statistics, almost 80% are homebuyers, so we foresee this trend will go on until our third phase is introduced as well, and we are not so worried about the economic situation,” added Ung.

“We are also watching the economy very closely. Many developers are holding back launches because you do not want to go against the strong [economic] headwind,” added Choo.

Phase 3 is currently being planned and no details are available yet.

Tropicana also launched its RM16 million 16-acre central park, the largest park in Kajang which comes with a 750m linear lake and 2.3km-walkway that is 10 feet wide. 

Some features include the floating gazebo and platform that serves as a meeting point. The park has approximately 150 trees aged at least 20 years old planted around it.

“Many people prefer outdoor activities nowadays. More and more people are enjoying cycling and jogging around the neighbourhood. As an example, Desa Parkcity is filled with visitors during the weekends, and as a parent or even as a whole family, we just prefer outdoor activities,” said Ung.

“More importantly, it is all about community engagement. When you have all these facilities, people of all races come out and engage meaningfully with each other which also helps our Malaysian identity to grow,” added Choo.

Tropicana also opened its RM16 million, 7,100 sq feet property gallery which is part of their two-acre recreational hub.

The property gallery will be converted into a clubhouse when the show units are no longer needed. 

It will feature an Olympic-length swimming pool, kids pool, gym, tennis courts, and sauna, among other facilities.

“We hope all these facilities will add value to the community. For example, if homebuyers wish to have meetings or hold any functions, they can always do it here in the clubhouse. We want to make sure we give back to investors what they have invested, and this is one way we can do it,” said Choo.