Bangi Heights ready to launch Legundi Residensi

KUALA LUMPUR: United Malayan Land Bhd's unit, Bangi Heights Sdn Bhd, will launch its latest project, the RM40 million Legundi Residensi (1) development this month.

Spread across 3.37ha, the exclusive Legundi Residensi (1) offers limited residential from the 52 double-storey cluster homes, the 12 double-storey semi-detached (semi-Ds) and one bangalow unit.

The cluster homes have built-ups of 2,156 sq ft and 2,405 sq ft, the semi-Ds are slightly larger with built-ups of 2,545 sq ft and 2,559 sq ft, while the bangalow is a larger 2,9818 sq ft unit.

Price for the cluster homes starts at RM543,000, the semi-Ds from RM687,000 and the bangalow at RM1.2 million.

Bangi Heights said the development would appeal to those with income above RM7,000 per month wanting to upgrade to bigger house or for investors looking for a second home.

Tucked within the Bandar Seri Putra in Bangi, the new project is expected to see positive upside based on earlier phases launched.

The developer noted that a semi-D lot in Phase 8(B) had appreciated by 19 per cent to RM815,000 from its original price of RM680,000.

It also said that demand for its products launched in 2010 was above average with take-up rate exceeding 85 per cent.

"With the continuation of cheap lending rate and relatively easy credit availability, we expect the residential property market to continue to perform well in 2011 in Bandar Seri Putra, particularly the residential property sector in general," it said.

With a total size size of 898 acres around, Bangi Heights has around 22 per cent of the total land yet to be developed.

The company aims to develop more commercial facilities in future, namely street mall retail outlets and another petrol station to serve the growing population.

By Business Times