Phase 2 of The Mulia Residences by EMKAY is 64% sold

This article first appeared in City & Country, The Edge Malaysia Weekly, on September 21, 2020 - September 27, 2020.

Attendees of the official launch viewing the showhouses (Photo by EMKAY Group)

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The second phase of The Mulia Residences (TMR) by EMKAY Group in Cyberjaya has seen a take-up rate of 64% since its official launch on Sept 5.

“Response from the public has been positive, considering Phase 2 was opened for registration in March when it was the start of the Movement Control Order (MCO). From then until now, we have seen that there is demand and this is proved by the current sales take-up. We expect it to be fully sold by the end of this year,” CEO Jayasangaran Dhanapal tells City & Country via email.

On Sept 4, EMKAY held a media preview for the second phase of TMR and Jayasangaran, together with executive director Farah Mahami Mustapha Kamal and finance general manager Yuhaimi Yahaya, were present.

Sitting on a freehold 50-acre parcel, TMR, developed by EMKAY’s subsidiary Zen Bestari Sdn Bhd, is a gated-and-guarded stratified residential development that will comprise 383 three-storey terraced houses and 417 mid-rise apartments.

The RM180 million Phase 2 comprises 133 three-storey terraced houses. There are three types — intermediate (2,386 sq ft), end/garden (3,275 sq ft) and corner (3,275 sq ft).

Targeted for completion in the third quarter of 2023, it is part of the Home Ownership Campaign. The selling price starts at RM985,555 and the maintenance fee will be around 15 sen psf.

Launched last April, the RM727 million Phase 1 comprises 250 three-storey terraced houses with built-ups that are similar to those in Phase 2. It was sold out within nine months. Construction status is at 50% and it is slated for completion in the first quarter of 2022.

Compared with Phase 1, Phase 2 has fewer units and affords more privacy. In addition, the land is higher and there is a slight difference in the interior as well, said Yuhaimi during the media preview.

However, the concept of TMR remains the same, which is all about community living, said Jayasangaran. “It is about bringing two or three generations to live together, interacting with neighbours, and integrating families of different incomes.”

Built with the concept of multi-generational living in mind, each unit has a layout of four to five bedrooms, a common family area and dual entrances. Each unit also features a porch that fits up to four cars.

Potential purchasers at the official launch (Photo by EMKAY Group)

A central park will be built in the middle of the 50-acre parcel, which is connected via linear parks from one end to the other.

There are also pockets of communal spaces such as pathways with “pangkins” within the entire development to promote conversation and engage residents. Facilities such as a clubhouse, open spaces for residents to hold events, a children’s play area and a multipurpose court will also be provided.

Jayasangaran said the population in Cyberjaya has increased in the past eight years and there is currently a working population of 140,000. This has created a demand for residential properties and TMR is one of the last few housing developments to be built there.

The final phase of TMR is the apartments, which are slated to be launched in the fourth quarter of next year. Jayasangaran said the tentative pricing is around RM500,000 and the built-up is 900 to 1,300 sq ft with three to four bedrooms. It is still in the planning stage but will be integrated into the multi-generational living concept.

EMKAY is planning two other launches next year — a small office/home office and an office tower — both of which are within its existing developments in Cyberjaya.