DNP offers a luxurious choice with Verticas Residensi in the Bukit Ceylon vicinity.

These days, buyers of luxury condominiums are seeking out prime locations in a green belt, timeless design, functional layout as well as assured quality from a reputable developer. In such a competitive environment, developers need to continuously strive for innovation to stay ahead of their competitors.

Developer, DNP, which is part of the Wing Tai Asia network, has an outstanding track record of developing award-winning, high-end properties in key Asian cities. Its recent project is Verticas Residensi, which provides a range of units in various sizes to suit the homebuyer or investor.

Among its features are attractive amenities, distinctive location and ambience, as well as the continuous renewal and rejuvenation of the locale, which make this an attractive investment. Verticas Residensi is located in an area that is part of an up and coming high-end residential belt in the heart of the city, which has all modern conveniences and amenities.

A Choice Locale
According to Wong Weng Peng, Executive Director of DNP Land, the development has been carried out while preserving the surrounding greenery and tranquility of the virgin rainforest of the neighbouring Bukit Nanas, the oldest gazetted forest reserve in the country, and the only remaining rainforest in the city. This is a rarity and one which appeals to homebuyers.

In addition, Verticas Residensi will be the tallest property in Bukit Ceylon. It will have 24-hour enhanced security facilities that include biometric screening and a panic button in each unit, ensuring that this property is safe and providing peace of mind to the person owning the unit. Another plus point is that the freehold property is said to provide potentially good value not only for homebuyers but also for investors.

DNP chose the site in Bukit Ceylon for the development of Verticas Residensi due to its strategic location and close distance to the city centre. Its other attractions are that it is situated near the Bukit Bintang area, known for its established shopping malls and diverse range of restaurants as well as vibrant nightlife. It can provide both Malaysians and foreigners alike an opportunity to live in a vibrant city while being able to commute relatively easily to work by public transport or car. Nonetheless, travelling within this area during peak office hours may prove challenging with Kuala Lumpur’s traffic jams.

Wong believes that for the most part, residential developments in the Bukit Ceylon area are getting old. As such, Verticas Residensi is an opportunity for the developer to provide a contemporary and exclusive development for discerning homebuyers. Verticas Residensi will become a striking landmark in Kuala Lumpur and a highly sought after development, claims Wong.

Looking at the design and concept, DNP’s 43-storey buildings are designed to offer breathtaking views of the city skyline. Each of the residential units, located from the 9th floor all the way up to the 43rd floor, enjoy spectacular views.

Furthermore, the interiors are tastefully designed with adequate space. The design allows for plenty of natural light to come in through expansive panel windows.  The thoughtful design extends to ensuring all north-facing units would have views of the beautiful pool and landscaped areas on the 5th floor. Each of the 423 units would have its unique appeal.

There are three condominium blocks and a luxury serviced apartment block, which will be operated by Lanson Place, also under the WingTai Asia network. The recreational facilities are located at Level 5 to offer residents exclusivity, privacy and views. There are landscaped areas and water features including a lap pool and leisure Pool, wading pool, jacuzzi, barbeque area, playground, sauna, changing room with steam bath, gymnasium, yoga room, launderette, multi-purpose hall or TV room, reading or meeting room, children’s playroom, shops, skyline viewing deck, reflecting pool and al-fresco recreation area. The viewing deck at Level 27 provides residents with a special venue for intimate functions and events.

The built-up area for a two-bedroom unit is 1,400 sq ft onwards, and for a three-bedroom unit it is 2,000 sq ft onwards. The built-up area for a four-bedroom unit is 2,400 sq ft onwards. There are also four penthouses starting at 4,000 sq ft onwards.

Wong Weng Peng, Executive Director, DNP Land

Promising Take-up
According to Wong, the project is estimated for completion in the first quarter of 2012. Tower A was previewed in phases to VIPs,

keen registrants and referred clients in July 2009 and was selling at a price of about RM900 to RM1,300 per sq ft (psf).  Tower B is priced from RM1,100 psf.

Since the preview of Tower A last July, DNP now have very limited units left in that tower. With the official launch of Tower B already underway, it is ready to meet an equally strong demand.

“Going by the sales of Tower A, we can expect sales of Tower B to be steady and swift, and possibly even faster than anticipated. Of course, this depends on the overall market condition, if it stays positive in the coming months,” says Wong. It is looking at 5% to 6% return on investment (ROI) with a conservative estimate of RM4.50 to RM5 psf based on current market rates.

The maintenance fee will be determined nearer the completion of the development, but it is estimated at around RM0.50 psf.

“Our buyers are locals who have current or previous properties in Bukit Ceylon and are looking to upgrade or for another property; expatriates and foreign investors, and discerning buyers who seek a quality high-end development by a trusted developer,” says Wong.

Among the attractive financing schemes which buyers can expect for the Verticas, are for a limited time during this launch period. It has a 10:90 financing programme with the developer subsidising interest during the construction stage.

For details, homebuyers can check with DNP Holdings Bhd.