UEM Sunrise’s Conservatory 60% sold

KUALA LUMPUR (Sept 28): UEM Sunrise Bhd has sold 60% of its Conservatory apartments in Melbourne during its worldwide marketing roadshow which started a month ago.

This translates into RM345 million in sales to date, said chief operating officer, commercial, Raymond Cheah.

“We are confident of selling RM500 million [worth of products] within the project by year end,” he added.

He was speaking to reporters during a briefing on the project’s third leg of of its worldwide marketing campaign, which is happening in Malaysia.

There are 446 units, with prices starting at A$447,000 (RM1.34 million) for a one-bedroom apartment.

The marketing preview of the project comes ahead of the official launch of the project, scheduled for Oct 22.

The 42-storey Conservatory will be built on Mackenzie Street.

With a gross development value of A$320 million, the project will comprise apartments and over 300 sq m of signature retail spaces.

“We want to lease out the place. There are a few international F&B and convenience stores we’re looking at. Even if we sell it, we would want to manage it to control the tenant mix,” he said.

Previously described as a development of “unprecedented luxury“, Conservatory boasts upscale facilities such as the Victorian Terrace deck on level seven, The Royal Banquet entertainment area on level 38, and the Carlton Skydeck private observation area on level 42.

Designed by renowned, award-winning architect and principal and founder of Cox Architecture, Professor Philip Sutton Cox, Conservatory is inspired by the Victorian glass wardian case and its surroundings.

Construction is expected to begin in the first half of 2016, with completion expected in 2Q2018.