Second phase of Tiara Hills to be previewed in February 2017

KUALA LUMPUR: Modern Age Development Sdn Bhd is looking to hold a special preview for the second phase of its Tiara Hills development in Cheras, Kuala Lumpur.

The second phase comprises 52 units of 3-storey superlink houses of 22ft x 85ft onwards with five bedrooms and five bathrooms. Prices start from RM2 million.

“We have received up to 200 registrations of interest so far and we will also be giving out early bird discounts of 5% for homebuyers during the special preview which will be held on Feb 25 and 26,” said senior manager of marketing and sales Kathleen Lim Phaik Kim.

Lim added that Phase 2 will most likely be launched in May after the special preview.

Situated on a 11.9-acre freehold site in Taman Taynton View, Cheras, Tiara Hills is Modern Age Development’s maiden property project. The gated-and-guarded residential development comprises three phases and has a total gross development value of about RM300 million.

The developer hopes to launch phase 3 comprising 63 units of 3- and 2.5-storey superlink houses in 4Q2017.

According to Lim, phase 1 is made up of 16 units of super semi-detached houses and has been 65% sold since its launch in February this year. It is slated for completion in February 2018.

With a land size of 40ft x 100ft, each super semi-detached unit has a built-up of about 6,000 sq ft, enabling homeowners to park up to four cars on their front porch. Prices start from RM3.5 million.

“Most of our buyers who bought our super semi-dees are upgraders from nearby areas such as Taman Midah and Taman Pertama. A gated-and-guarded community is often in demand as people are concerned about security.

“Location-wise, we’re situated on elevated ground, which is rare in Cheras. This is among the last few undeveloped land within Cheras, KL,” Lim said, adding that Tiara Hills also features a 1-acre park with jogging tracks.

Despite the property market slowdown, the developer remains confident that Tiara Hills would do well.

“We know that there are a lot of upgraders in this area and due to our location and freehold status, we don’t foresee our houses not being able to sell,” she declared. Lim also sees the value of Tiara Hills growing with the completion of the MRT (mass rapid transit) line and malls such as EkoCheras Mall and Sunway Velocity Mall in Cheras.

Tiara Hills can be accessed via the Middle Ring Road 2 and the East-West Link. The project is also surrounded by amenities such as UCSI University, SJK (C) Jalan Imbi, Cheras Leisure Mall, Hospital Pantai and SMK Seri Mutiara.

This story first appeared in TheEdgeProperty.com pullout on Dec 16, 2016, which comes with The Edge Financial Daily every Friday. Download TheEdgeProperty.com pullout here for free.