PHASE 2 of Riana Dutamas mixed integrated development in Segambut, Kuala Lumpur, will open for registration within the next three months.
It will offer 921 serviced apartment units priced from RM400,000.
Riana Dutamas sits on a 6.5ha tract and will have six blocks of serviced residences, office spaces and retail outlets.
The overall gross development value (GDV) of Riana Dutamas, developed by 368 Segambut Sdn Bhd, is about RM1.5 billion.
368 Segambut is a joint venture between IJM Land Bhd and FCW Holdings Bhd, controlled by low-profile businessman Tan Sri Robert Tan Hua Choon.
The first phase of Riana Dutamas, known as Savio, has achieved a take-up of over 90 per cent, according to IJM Land managing director Edward Chong.
The 37-storey tower with a GDV of RM565 million has 1,018 serviced apartment units.
The units, ranging between 653 and 1,177 sq ft with one to three bedrooms, are priced from RM380,000.
Chong said Savio is currently 70 per cent built and targeted for completion in 2021.
IJM Land and FCW hosted a topping-up ceremony last week at the rooftop of the development to mark the completion of the structural frame of Savio Multi Generational Suites.
He said the company is thrilled to hit this milestone with the development of Savio which started in January 2018.
“In keeping our commitment to quality and time frame, we have successfully and safely completed the Savio’s structural works up to the final floor within 19 months. The great progress is attributed to the close collaboration between the IJM Land and FCW teams as well as our great partner in Setiakon Builders, who have worked tirelessly to get us to this point,” said Chong, after the topping-up ceremony.
He said the take-up for Savio has been positive — thanks to its affordable price, location, great connectivity and value propositions.
“We are encouraged by the strong take-up for Savio and this serves as a testament to the value and potential of the project. Looking at the take-up rate to date, we expect Riana Dutamas would be able to raise the bar for residential properties in Segambut.”
Chong expects the remaining units to be sold within the next few months.
Accessibility to Savio is facilitated by numerous major routes and established highways nearby, including the Sprint Expressway, PLUS Expressway, New Klang Valley Expressway, Duta-Ulu Klang Expressway, Jalan Segambut and Jalan Kuching.
Savio is designed to suit house buyers of every generation, from entry-level to mature buyers, individuals to multi generations, as well as novice to seasoned investors.
368 Segambut director Datuk Anderson Thor Poh Seng said the company had carefully considered the design for Savio by including feng shui elements and optimising space.
“Riana Dutamas is an icon of our collaboration, allowing the group with our partner IJM Land to drive the development of Segambut and add value to the Segambut landscape by providing affordable, practical and comfortable homes with their own facilities. We are sure it will add to the area’s vibrancy and diversity, creating a more holistic lifestyle for residences of multi-generations,” he said.