KUALA LUMPUR: Aviva Green in Seremban 2, IJM Land Bhd’s newly launched project comprising semi-detached homes in Seremban, has seen a take-up of 60% in less than a week. The developer released 100 out of the 180 double-storey semidees for sale during the launch on July 10.
IJM Land senior manager (sales & marketing) Christine Wong told The Edge Financial Daily the remaining units will go up for sale when almost all of the current 100 units are sold, which she believes will be achieved within the next three to four months.
Aviva Green, with a gross development value (GDV) of about RM135 million, is on a 10.5ha freehold tract. It is situated within the Seremban 2 township, the largest development in Negeri Sembilan, slated for completion in December 2012.
IJM Land has been developing the 930ha Seremban 2 since 1996. Its first launch, called Green Street Homes, the first gated and guarded development in Seremban, comprised 1- and 2-storey semidees, link houses and bungalows. Back then, a 1,800 sq ft terraced home was launched at RM140,000 and has now more than doubled in value to RM300,000.
Aviva Green offers three semidee layouts. Built-ups range between 2,670 sq ft and 2,880 sq ft with land areas from 3,200 sq ft to 7,216 sq ft. Prices are from RM781,956 to RM1.01 million. Besides the semidees, there is one bungalow up for sale at RM1.22 million.
“The development is a guarded and gated community. Each home comes with en suite bathrooms, three-phase power supply, high ceilings, tall and wide windows, solar water heater with in-built hot water pipes, and alarm system,” said Wong.
|An artist's impression of Aviva Green in Seremban 2.
According to the developer, Aviva Green is within easy reach of banks, government complexes, schools, shopping and entertainment spots. It is also located about 30km away from the Kuala Lumpur International Airport (KLIA), Port Dickson and the Sepang International FI Circuit.
The developer is offering free legal fees, stamp duty, and 0% interest during construction.
“Aviva Green is targeted at high income professionals in their late 30s to 50s. Buyers are expected to be mostly from Seremban with a small percentage from Kuala Lumpur,” said Wong.
Meanwhile, IJM Land will launch Safiya and Savannah in S2 Heights, an extension of Seremban 2, sometime in September or October. Safiya and Savannah comprise 58 units of 2½- and 2-storey semidees with indicative prices of RM650,000 and above. The combined GDV of both developments is estimated to be about RM39 million.
It will also launch 63 units of 22 ft by 70 ft double-storey terraced homes in S2 Heights called Sevita. Indicative prices for these are from RM360,000.
This article appeared on the Property page, The Edge Financial Daily, July 15, 2011.