It was a piece of land that Datuk Lim Hock San, the managing director of LBS Bina Group Bhd, knew had great potential but wasn’t quite certain the form of development it would take in what was an ex-mining land, dwarfed by a huge lake.
On paper, it would seem to be LBS’ less desired property and many had advised Lim to unload it, especially during the last financial crisis. But Lim’s insistence on holding on to it to capitalise on its potential apparently paid off.
Today, the 71ha piece of land that sticks out like a peninsula into the over 400ha lake is set to be the crown jewel in the LBS stable of developments all over the country.
This will be the first luxury development for LBS and Lim is confident that his company’s maiden high-end project will be able to draw in buyers.
More than 90% of Apicalia superlinks have been sold since it was launched on April 15. This represented a total sales value of RM140mil.
“We are promising our buyers the very best in terms of finishing as well as a lifestyle. There are very few places left in the Klang Valley which can offer a luxury home facing such a vast body of water,” he said.
The development, aptly called D’Island Residences, is filled with the full trappings of a gated community with a three-tier security system. Being surrounded by a massive lake also makes the entire development even more secure.
Construction has already started for the first phase which consist of two sets of super-link houses (Type A 22ft x 100ft and Type B 22ft x 80ft) and semi-detached units measuring 40ft by 80ft.
Both the super-link houses called the Apicalia (the name of a type of sea shell) are triple storied. Type A has a gross built up area of 3,966sq ft and a total of 53 units are being built under Phase 1. It is currently selling from RM1.4mil. The 69 Type B units with a built-up area of 3,413sq ft each are priced from RM1.3mil. The 74 semi-detached units, under the first phase, are named Balvia after the famed spiral seashell cost from RM2.4mil. The gross built-up area for each unit is 4,864sq ft.
LBS executive director Cynthia Lim said the houses names have taken on a seashell theme to reflect the resort living that D’Island is promoting.
“Resort-style living is a preferred choice for people going on vacations. This will become a daily experience and lifestyle at D’ Island Residence where home owners can now look forward to a much sought-after respite from the hassle and hussle of modern day living.” she said.
Cynthia also pointed out that living a healthy lifestyle would also be possible because the development comes with proper jogging area around the lakes as well as outdoor exercise areas set up with a Par-Course.
The next launches will see more Apicalia super-link houses with lift as well as the Balvia semi-detached ones and bungalows.
Lim said the development plan also called for the construction of 148 bungalows and a low-density condominium of about 350 units.
“We have also set aside land for a clubhouse and a commercial area which both are in the planning stages.”
The total gross development value of the project is estimated RM3.6bil without taking into account the proposed commercial project.
Housing and Local Government Minister Datuk Chor Chee Heung is expected to officially launch the project on Sept 15.
Source: The Star
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