YNH Property Bhd which prides itself as a premier developer of upscale residential and commercial properties has celebrated the topping out of Block C which is the first tower of Solasta Dutamas @Mont Kiara in Kuala Lumpur.
Block C is part of the 3.52-acre freehold Solasta Dutamas. The residential development features three towers with a gross development value (GDV) of about RM771 mil.
In a nutshell, Solasta Dutamas provides unparalleled access to Peninsular Malaysia as it is the only development in the area with an approved covered walkway to the KTM railway station.
“With the support of the operation and construction team, we have successfully completed the structural framework of Block C within the construction timeline.” commented YNH’s group general manager Allan Yu.
“The remaining two towers, namely Block B and Block A, are progressing well and are at the super-structure stage of construction. Solasta Dutamas is on track for completion in 2026. The unbilled sales are expected to contribute positively to the group’s future financial performance.”
According to Yu, the response to Solasta Dutamas has been great. “The strategic location coupled with the value for money of this development has attracted discerning home buyers who are young, upwardly mobile and appreciate the modern contemporary urban lifestyle.”
At present, the group still has 10 acres of freehold landbank in the surrounding area for future developments.
“Solasta Dutamas will serve as the benchmark for future development. We aim to create a sustainable integrated urban development encompassing a modern residential, commercial and lifestyle hub, unlocking the value of this parcel of land,” he envisages.
“Our Solasta Dutamas project is a showcase of how our corporate focus on forming strategic joint ventures with landowners can fully unlock the value of the landbank and deliver significant returns on our investment.”
The first tower to reach its highest point, Block C is a 42-storey development comprising 501 residential suites. The other two towers, Block B and Block A are both 33-storey and feature 329 units.
Block C boasts six layouts: the two-bedroom units include Type A (720 sq ft), Type A1 (750 sq ft) and Type A2 (800 sq ft) while the three-bedroom units include Type B (880 sq ft) and Type B1 (900 sq ft).
Each unit is partially furnished with built-ins and priced from RM697,500 onwards.
To provide the touch of exclusive living space, YNH has partnered with one-stop total home and living solutions provider Signature (formerly Signature Kitchen) to create a generous living area at Solasta Dutamas.
Signature will offer homeowners up to RM15,000 cash rebate on customised built-in cabinets with a minimum purchase of RM10,000 on selected products.
In addition, up to 50% PWP (purchase with purchase) will be offered on Signature kitchen appliances, and up to 40% on selected worktops. As an added value, all units in Block A will be partially furnished with Signature products.
At the close of today.sd trading, YNH was unchanged at 50.5 sen with 2.97 million shares traded, thus valuing the company at RM267 mil. – July 5, 2024
