An artist’s impression of Lavile Kuala Lumpur.
Photo by Orando Holdings
Eng: We are targeting a niche market.
Photo by Patrick Goh/The Edge
Orando Holdings Sdn Bhd has achieved an overall take-up rate of 90% for Towers A1, A2 and B — with a total of 1,002 units — at mixed-use development Lavile Kuala Lumpur in Lorong Peel, Taman Maluri, Cheras.
With a gross development value of RM1.8 billion, Lavile KL will offer a total of 1,278 units in four blocks and 35 shops on a 3.79-acre freehold parcel. Towers A1, A2 and B have been launched since December 2016 while the final block, Tower C, is currently open for registration.
In an email interview with The Edge, group managing director
Datuk Eng Wei Chun says the name “Lavile” is inspired by the French word “La Ville”, which means “The City”.
“This is due to the project’s proximity to the Kuala Lumpur city centre. For this project, we are targeting a niche market. Many are not first-time homebuyers and about 70% are locals and investors while the rest are foreigners,” he adds.
The units will have built-ups of 750 to 1,067 sq ft, with 1 to 3 bedrooms, and are priced from RM655,000. Lavile KL is scheduled for completion by 2021.
The shared facilities there will include an infinity lap pool, a barbecue area, children’s play area, basketball court, badminton hall and roof garden. The tentative maintenance fee is 30 sen to 35 sen psf per month.
Amenities in the area include the Prince Court Medical Centre, Hospital Universiti Kebangsaan Malaysia, AEON Cheras, IKEA Cheras, MyTOWN Shopping Centre, Cheras police headquarters, UCSI University and Cempaka International School.
In terms of connectivity, the development is located close to the Maluri light rail transit and mass rapid transit interchange station. It is also easily accessible via the Sungai Besi Highway, North-South Expressway, Maju Expressway, Middle Ring Road 2, Jalan Tun Razak, Jalan Loke Yew, Jalan Cheras, Jalan Peel and Jalan Jejaka.