Property Hunter Magazine Property Hunter Magazine Issue 51 - February 2014 | Page 41

New Housing Project Targets Younger Generation Dusk of Johor Bahru overlooking into Singapore The Paloma development comprises two serviced residential towers TROPICANA Corporation Bhd unveiled yet another phase for its ongoing Tropicana Metropark mixeddevelopment in Subang Jaya recently. The Paloma comprises two serviced residential towers with 323 units in Tower A and 248 units in Tower B, as well as 16 duplex units. The new Paloma Serviced Residences and Courtyard Villas will be joining Pandora Serviced Residences which was launch earlier in 2013. Both projects will be part of the Tropicana Metropark’s 35.6ha of land in Subang Jaya, with a gross development value of RM6.3 billion spanning over 12 years. There are five different layouts to choose from. The smaller units start with the studio unit (type A) with a built up area of 609 sq ft, followed by two-bedroom units (type B) with a built up area of 916 sq ft. Those with larger families can opt for the three bedroom designs which comes in either the Type C of 1,259 sq ft, 1,309 sq ft (Type C1) or the 1,306sq ft (Type C2). “The younger generation of homeowners have become more discerning about new design concepts and the type of lifestyles they want to provide for their family,” said the group’s managing director Datuk Dickson Tan. Current trends he said seemed to point towards features such as the creation of the green open park spaces, mix development concepts, multi-tiered security as well as easy accessibility to transportation and amenities. The company will also be forking out RM150 million for the construction of a new flyover to allow residents and road user near the development to gain direct access into the Federal Highway. Tropicana Metropark he added had created a “resort gateway” for city dwellers. The exclusive development is built to capitalise on the shift in mindsets among new homeowners who now prefer green spaces where families could utilise it. Paloma will not be short of facilities as it plans to offer its residents with a sophisticated lifestyle amenities. Some of its key facilities planned include a half-sunken basketball court, bicycle park, floating pavilion, games room, stone garden, sanctuary pool, wading pool, children’s playground, social terrace, jacuzzi. At the heart of Paloma is the 3.72ha Central Park. While at Level 30, residents can look forward to staying fit at their sky gymnasium, soak up the sun in the rooftop’s bubble tub or have a cup of tea at the sky lounge area. For the convenience of the residents, Tropicana Metropark has also invested RM150 million in constructing a flyover next year that will directly link the development project to the Federal Highway. Besides that, residents can also access the development through the Batu Tiga and Subang Jaya KTM stations located just five to ten minutes away. Malaysia’s Tallest Condo to Be Ready by 2017 in Johor Baru In just seven months, 50% of the Astaka @ 1 Bukit Senyum, the tallest high-end residential tower development project in the region, has been snapped up by buyers. The project, which has a total ofv438 freehold units, commenced in early July this year and is expected to be ready by 2017. Located at Bukit Senyum, Johor Bahru, Johor Malaysia, the site is only 2 mins away from customs border of Malaysia and Singapore sitting on 440,000 square feet plot of prime land consisting 2 tower blocks (64 and 70 floors with seaview) housing 1030 lots (3 Basement carparks + 5 above ground levels), 2 lots per residential units. Its developer Astaka Padu Sdn Bhd is selling each unit between RM2 million and RM8.45 million. A2 (2217 sqft), 4 Bedrooms Type B (2659 sqft), Duplex PH (5408 sqft) all units come furnished with Gaggenau & Bosch Appliances and Hans Grohe bathroom fittings. “The projected gross development value of The