KUALA LUMPUR: The newly launched high-end residential suites, The Twins, by Panareno Sdn Bhd is setting a new landscape for Damansara Heights, a predominantly landed property residential area.
Eric Ooi, managing director of Knight Frank Malaysia Sdn Bhd, the exclusive marketing agent, said in a statement the demand for property in Damansara Heights was very encouraging. He said The Twins was 50% sold within the first two weeks of its exclusive preview.
Panareno is a joint venture between Malaysia's Lion Group and the real estate investment arm of American International Group Inc, Singapore-based Koh Maju, and Heeton Holdings Ltd.
The Twins features two identical towers built on a 2.17-acre site next to Pusat Bandar Damansara. They offer 318 luxury residential suites.
The standard units range from 766 to 2,078 sq ft, while the size of the penthouse suites is from 2,171 to 5,261 sq ft. It currently commands an average selling price of RM850 per sq ft.
“The Twins is an attractive residential property for local and foreign buyers because of its location and accessibility to PJ and KL,'' Ooi said.
“We haven't begun marketing the project overseas, but we have seen strong enquiries from Singapore, Taiwan and the Middle East buyers who are major investors in Malaysian property,” he said.
Apart from the project’s strategic location, he said, most buyers were impressed with the sleek and modern design of the towers, which are complimented by a practical and well-designed interior layout.
The luxurious facilities of modern living offered include pool facilities, landscaped gardens, three gymnasiums, a multi-functional clubhouse, and state-of-the-art home automation systems.
Panareno expects to complete the luxury high-rise residential project by 2010.
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