Rivercity Condominium, Jalan Ipoh, Kuala Lumpur

The Best of City Living with Rivercity

Inner-city living is a fast-growing trend around the world. While some continue to prefer commuting from relatively subdued suburbs, many are increasingly discovering the thrills and convenience of living in the heart of the action.

If you are one of the latter and are fretting about the spiralling property prices in Kuala Lumpur, here's an offer that you don't want to miss.

Rivercity Condominium, developed by Sem Siong Industries Sdn Bhd, a subsidiary of the Low Yat Group, launched its latest and last block in November last year, and if you hurry, you can get one of the few remaining units left.

With more than 70% already sold, this block offers a total of 190 units, each measuring a spacious 1,215 to 1,650 sq ft, in three- and-four-plus-one-bedroom designs. Best of all, is the affordable price tag, starting from just RM284,000 . . . which works out to about (starting from) RM230 psf, a real rarity in the city, what's more a freehold property.

The pioneer block, launched in August 2004, was quickly snapped up, and the subsequent one, launched November 2004, is 90% sold, the balance being reserved for bumiputera purchase. When completed in 2008, the three condo blocks, with a total of 572 units, will have a Gross Development Value of RM180 million.

The five-in-one self-contained development is proposed to comprise of a condominium, serviced residence, hotel, office suites and shopping mall. With a total built-up area of 3.6 million square feet, Rivercity is poised to be among the largest integrated lifestyle commercial development in KL.

Located at what's touted as "Kuala Lumpur's next growth area", Rivercity is part of a new and high-value commercial hub that is set to rejuvenate Batu 3 of Jalan Ipoh, Kuala Lumpur. The development is well-connected via Jalan Tun Razak, Jalan Kuching, Jalan Duta, the NKVE and the Penchala Link . . . putting it a mere 5 km away from the KL City Centre. And the impending completion of the Jalan Ipoh-Jalan Duta interchange can only mean greater accessibility and convenience.

Not surprisingly, the units launched in August 2004 have seen capital appreciation of 20% to 30%. Seeing the potential of the development and the future of Jalan Ipoh, Rivercity has caught the eye of both local and foreign buyers. Most of its clientele come from the middle- and upper-middle income groups, with expatriates from the United Kingdom, Middle East and Singapore forming a substantial portion of the buyer profile.

With less than 60 units left in the final block, this could very well be your last opportunity to own a freehold residential unit, with unobstructed views of Kenny Hills and Genting Highlands, within a RM1 billion, nine-acre integrated development in the city.

For details, please contact sales office at (6)03-4043 8891 or visit www.rivercity.com.my.

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