28 February, KUALA LUMPUR – Malton Berhad (Malton) revealed the first two blocks of Duta Park Residences with indicative selling price from RM492,000. With its strategic location in the City Centre of Kuala Lumpur and at an attractive entry level, Duta Park Residences continue to attract a steady stream of first-time property buyers and repeat investors. This reaffirms Malton’s effort to continuously uncover new ways to create more value for its buyers, creating not just harmonious communities in luxury and lifestyle living, but ideal investments for the future.
Underpinned by a strong demand for own stay and investment, Duta Park Residences received overwhelming response for its 840 units from the two blocks, the 59-storey Tower B and 40-storey Tower C during preview. At prices starting from RM573 per sq ft, Duta Park Residences is a very attractive entry level for a serviced apartment that offers premium facilities with a prime address in the city, next to Bukit Tunku, Kuala Lumpur’s most elite address. They are perfect for the buyer’s private indulgence or as a prime real estate investment opportunity. Hence, early buyers are poised to enjoy good capital appreciation and high rental yields once the development is fully completed by 2022.
“Malton wants its customers to be able to enjoy the best of both worlds by providing homes with premium facilities at a prime location and at a price point that many can afford. Previously, home buyers expect such product specifications be made available only at above RM1000 per sq ft price points within the Kuala Lumpur prime address. Now for our Duta Park Residences, with attractive starting price of RM492,000, we are able to provide buyers a contemporary urban lifestyle surrounded by prime hotspots in the city. Each apartment is spaciously designed with at least (2+1) bedrooms, suitable for young families. Residents will enjoy integrated three‐tiered security, infinity pools, jacuzzi, entertainment pavilion and a panoramic sunken lounge that offers unrivalled views of the Kuala Lumpur city skyline.
The beauty of this location is its proximity and views of Bukit Tunku and Lake Gardens. Duta Park Residences also offer a distinct prestigious touch as residents will enjoy a shuttle service to Pavilion Kuala Lumpur, a premier shopping destination in the golden triangle of Kuala Lumpur,” said Ms. Eva Toh, Head of Marketing & Sales.
“We aim to facilitate potential buyers’ wishes to own their dream city home. Understanding the real market needs and in our pursuit to enable everyone to own a home, Malton will be offering an attractive incentive scheme in addition to the nationwide Home Ownership Campaign (HOC) 2019 launched by the government from January to June 2019. The developer has also introduced its own Home Ownership Malton Easypay Scheme (HOMES) which makes ownership within reach for most Malaysians. With only RM3,000 low payment, you can take your first step towards owning your first property. We offer attractive rebates, and flexible easy payment schemes to help buyers.
Under the government’s HOC, residential properties priced between RM300,000 and RM1mil would be exempted from any stamp duties up to the first RM1 million. Loan instruments are also exempted from stamp duty up to RM2.5 million. Buyers should take advantage of this amazing government initiative. Don’t miss out on this rare opportunity to own a home in the prime address of Kuala Lumpur. It is an ideal choice for the discerning homebuyers and astute investors seeking quality urban living with a solid return in the city centre,” added Ms. Eva Toh.
Situated in the centre of connectivity, convenience and city’s landmarks such as KLCC, Pavilion Kuala Lumpur, Sunway Putra Mall, PWTC and KL Pac, Duta Park Residences offer great accessibility with direct access via Jalan Kuching and secondary access via Jalan Ipoh. It is nestled within a matured neighborhood with established shopping malls, eateries, educational institutions, arts, hospitals and financial institutions. Additionally, Duta Park Residences’ excellent connectivity is further complemented by the upcoming adjacent Sentul West Mass Rapid Transit (MRT) station which is expected to be completed by 2022. The seamless connectivities make travelling to key hotspots in the city centre just a short journey away.
In addition to its convenient address, Duta Park Residences also take pride of its sleek architecture and premium class facilities that is ideal for young executives and families. Concept exquisitely designed by the KL Pavilion Design Studio, the residential tower with 59‐storey high will be one of the tallest towers to complement the city’s landmark. Every unit is thoughtfully planned with various choices of efficient built-‐ups ranging from 858 sq ft – 1,538 sq ft, while each floor comes with only 12 units serviced by 6 high-speed passenger lifts. The well-designed serviced apartment units come in various types and designs as buyers can choose from 2+1 bedrooms, 3+1 bedrooms to a dual-key unit. With the popular dual-key unit apartments, buyer will have the flexibility to either stay in one unit while renting the other as a secondary income or to rent both and maximise the capital gains from the unit.
Slated for completion by 2022, the 5.0 acres development comprising 3 residential towers carries an estimated total gross development value of almost RM1.0 billion.