G Residence - HIgh End Condo

Monday, February 27, 2012

One of the newly launched high end residential property in Klang Valley is the G Residence. It is developed by Opt Venture Sdn Bhd, a joint venture between two companies, Tan&Tan and Sin Heap Lee.


Situated within a few minutes drive from the down town Kuala Lumpur and within the vicinity of the embassies of foreign countries, it is a convenient location with good facilities and well planned layout. The location is given here..http://g.co/maps/un4ye

The residence block consist of twin 23 storey high selling between rm600 to 1 million. This work out to be be at RM650 per sq feet which is lower than other units with similar facilities. The maintenance fees will be at rm0.3 per sq feet. The target customers are the young families or couples.

The progress of the sale is very encouraging. The sale started in December 2011, and 80% of the units had been sold. This good progress was noted despite the recent change in the banking loan calculation, which was change to be based on net income rather than the gross.

Beside the residential block, the G Residence will include 26 units of retail outlet with anchor tenants and commercial outlets. This lots will be available on rental basis, currently rm4,000 per lot.

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