By YVONNE YOONG
yvonneyoong@thestar.com.my
THE coastal town of Sekinchan which is known as a hub for eco-tourism heralded by emerald green paddy fields and rustic fishing villages woke up to its maiden high-rise development named One
Residence@Sekinchan in Sabak Bernam, Selangor that integrates high quality city living with serene countryside ambiance.
Located in the heart of Pekan Sekinchan and situated about 28km from Kuala Selangor, this development representing the first-ever condominium developed in a small coastal town in Malaysia was undertaken by
Bina Variamas Development Sdn Bhd, a subsidiary of KM Land Group.
One Residences@Sekinchan comprises 286 condominium units. It is complemented by seven units of three-storey shop offices. Tower A, with its 15 storeys that has been named “Ally” was launched in 2011. To date, it has recorded sales of over 100 of its units ranging from 1,000sq ft to 1,200sq ft. With the key handover taking place in November 2013, Tower A is now sold out to owner occupiers in the form of local residents who also purchased the units as holiday homes while investors have also purchased the remaining units priced at around RM360 per sq ft or from RM350,000.
Following the successful take-up rate of ‘Ally’, over 70% of the 102 units at the 18- storey Block B with built-up areas ranging between 1,200sq ft and 1,400sq ft named as ‘Bliss’ which will be completed by mid-2015 has already been sold.
“One Residence@Sekinchan has now become a sought-after residence as it integrates a high quality lifestyle within the development while enabling residents to enjoy the pleasant countryside environment,” said KM
Land Group founder and managing director Kee Lian Yong.
The leasehold development spread across 3.95 acres (1.59 ha) of land that comes with a GDV (gross development value) of approximately RM120mil is located in the picturesque countryside overlooking the
Straits of Malacca. He said that it will form a new eye-catching landmark and will spur economic activities for the community, given the potential of the low-built village famous for being a major rice producer in the central Peninsular of Malaysia and a pivotal supply point for seafood.
According to Kee, he undertook this development with PKNS (Perbadanan Kemajuan Negeri Selangor) and the Selangor State Development Corporation because of the value creation the project could generate for the community here while establishing high quality residences.
He added that this was a consolidated effort to kick-start the transition of a normal agriculture, fishing village towards the path of urban development using the instruments of value creation, sustainable development and quality enhancement.
Established in 2010, KM Land Group’s aims include bringing integrated commercial and residential developments to suburban areas in its attempt to improve social values and contribute to the economic progress of suburban areas.
These include developments such as One Kesas in Klang and SB Perdana, Sabak Bernam in Selangor and Sungkai Perdana in the old town of Sungkai.
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