KUALA LUMPUR: Things appear to be improving at the 1,064-hectare Kwasa Damansara township development in Selangor.
The first upscale residential complex, Dedaun Rimba, was unveiled last week by YTL Land & Development Bhd, drawing in over 6,000 registrants.
Kwasa Damansara is one of the last land banks of this magnitude accessible in the Klang Valley for township development.
The master developer of the Kwasa Damansara township, which is located on land previously owned by the Rubber Research Institute in 2010, is EPF's wholly-owned subsidiary, Kwasa Land Sdn Bhd.
YTL Land announced in 2021 that it will be a development partner in Kwasa Damansara, collaborating with Kwasa Land.
The developer presented the first opportunity for homebuyers to purchase landed homes in Kwasa Damansara with Dedaun Rimba.
Dedaun Rimba is a low-density, gated, and guarded development consisting of 196 one-and-a-half-storey townhouses and 68 three-storey link homes.
The pricing of the residences starts at RM1.39 million for a five-bedroom link house with 2,617 square feet of built-up area. The 1,559-square-foot, three-bedroom townhomes are priced starting at RM730,000.
During the selling preview on February 4, YTL Land sold all of the link houses and 80 per cent of the townhouses, said Yeoh Pei Teeng, executive director of the company.
"We are humbled by the enthusiastic support of our homebuyers. Due to changing demographics, we constantly navigate market trends and respond to the evolving needs and preferences of homebuyers, as there will always be demand for well-designed properties in strategic locations and at the right price," Yeoh said.
Dedaun Rimba has a gross development value (GDV) of RM250 million. It is situated across from Taman Bandar Kwasa Damansara, a 28-acre green lung-designated area of open space. It is the Klang Valley's greenest, most connected, and most inclusive township.
The townhouses and link houses are intelligently built to accommodate multigenerational living while also appealing to the younger generation.
The residences create a warm urban oasis for buyers, blending in perfectly with the planted surroundings that include linear parks and a central park.