Eugene Khoo

PUCHONG (Sept 17): Phase 2 of Andira Park, which comprises 64 units of 3-storey terraced homes, 2- and 3-storey link villas, has recorded a take-up rate of 80% during their launch over the weekend.

According to TAHPS Group Bhd, the developer of Andira Park, there are only one terraced home, five 2-storey link villas and seven 3-storey link villas left in phase 2.

Given the positive response towards Andira Park, which has a gross development value of approximately RM100 million, the developer expects the remaining units in phase 2 to be taken up within the next three to four weeks or sooner, group CEO Eugene Khoo told EdgeProp.my.

The 2- and 3-storey link villas have a built-ups of 1,583 sq ft and 1,789 sq ft with prices from some RM742,000 and RM775,000, respectively. 

Meanwhile, the 3-storey terraced homes have a size of 2,347 sq ft and a price tag of RM1.02 million.

However, after rebates offered by the developer, buyers get to own the 2-storey unit at RM668,000, the 3-storey unit at RM688,000 and the terraced home at RM917,000.

Overall, the entire Andira Park project has achieved a take-up rate of 91% for the total of 140 units in phase 1 and phase 2, said Khoo.

Phase 1 of the freehold development, which was launched on Aug 19 and 20, comprises 76 units of 2- and 3-storey link villas.

All units were sold out by the next day and interested buyers had queued up at the sales gallery for the launch since 2am on Aug 19.

About 30% of buyers of the 76 units in phase 1 have secured loans from banks, while only one buyer's loan application was rejected so far, he said.

"We knew the project will be well-received by purchasers given our market study, the design and price point.

"I would like to congratulate all the purchasers. We will strive to deliver keys to their new homes within the timeline. Also a word of thanks to my team who worked tirelessly over the two weekends in ensuring our purchasers’ needs are well taken care of and surpassing our sales target and expectations," he said.

He added that Andira Park has demonstrated that there is demand out there if developers are able to come up with the right product.

Given the good sales thus far, TAHPS Group is confident that the property market has stabilised and expects positive momentum going forward, barring any unforeseen circumstances. "Moreover, my team will work to expedite future launches", he said.

Buyers had queued up at the sales gallery from as early as 6.30pm on the day before the launch of phase 2.
The project opened for registration at 8am and started selling by 9am, but buyers started to queue prior to the launch, said Khoo, adding that there were 16 buyers already waiting at the sales gallery at 6.30am.

He noted that the crowd which showed up for phase 2’s launch was bigger than the one for phase 1, and that many of the buyers are from Puchong, while some came from Putrajaya and Cyberjaya.

"Our target market is the people who are in their late 20s to early 30s, young couples and owner-occupiers. It is quite pleasing to know that most of the people who came today are actually the people we are targeting," he added.

The earliest buyer who queued for phase 2 of Andira Park is Goh Kuang Yeow and his wife, who are living in an apartment at Taman Wawasan Puchong.

The couple arrived at the sales gallery at 6.30pm on Friday and spent the night in their car to buy their dream home — a 2-storey link villa in the project.

"It is a tiring but exciting experience. We have been wanting to buy a landed property for quite some time because we have been living in a high-rise unit for a few years," Goh told EdgeProp.my.

Hence, when the couple came across Andira Park, they were attracted by the project’s features — that it was landed, freehold and reasonable priced, as well as the developer's reputation — and decided to move here.

Raj, another buyer, was attracted by the potential capital appreciation of Andira Park, which led him to become the owner of a 3-storey link villa in phase 2 today.

"I'm currently staying in a landed house at SS3 in Petaling Jaya. I was looking for a property to invest in. While a lot of people would go for condominiums for rental returns, I'm not looking for that. I'm actually looking for long-term capital appreciation and my family and I might want to move to a new house in the future, so the 3-storey link villa makes more sense to me," he said.

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