First phase of YTL Land’s The Fennel sold out during preview
Business & Markets 2013
Written by Wong Mei Kay of theedgemalaysia.com
Tuesday, 23 July 2013 10:43
PETALING JAYA: The first phase of YTL Land & Development Bhd’s urban renewal of Sentul — The Fennel at Sentul East — received an overwhelming response during its preview at YTL Land Sales Gallery in Jalan Bukit Bintang, Kuala Lumpur last weekend.
The preview of the freehold condominium project started last Friday and by the end of the second day, all available units were fully taken up. The units are priced from RM658,000 to RM1.06 million.
The Fennel has a total gross development value of RM400 million and consists of four 38-storey towers with 916 units ranging from 1,100 sq ft to 1,500 sq ft. The first phase consists of two blocks with 458 units and four penthouses.
According to a statement by the developer, many of the registrants lined up from the early hours of last Saturday morning and a long queue circled its way along the foyer of Starhill Gallery’s Relish Floor.
YTL Land and Development executive director Datuk Yeoh Seok Kian said: “We knew The Fennel would be in demand but there were people queuing up since 6.30am at the sales office!”
Yeoh said he was pleased the project replicated the success of its predecessor, The Capers.
“For us, it’s a milestone for Sentul itself and we are grateful for the unwavering support from home owners and investors,” he said.
The condominium is within close proximity to two LRT stations, one KTM station and two proposed MRT stations.
Part of YTL’s master plan, The Fennel is located in Sentul East where modern residential and commercial spaces such as d6, d7 and the new Sentul East Design Centre (Seed) will sit side by side with the colourful heritage of Sentul.
The area’s upcoming developments — d2, d5 and another yet-to-be-named mixed development — promise to raise the bar even higher for Sentul. The preview for The Fennel’s next release is yet to be announced.
This article first appeared in The Edge Financial Daily, on July 23, 2013.
Publish date: 23/07/13