This article first appeared in The Edge Financial Daily on March 25, 2019

KUALA LUMPUR: Buyers snapped up 164 or 98% of the 168 units on offer on the launch day of Elmina Valley Five (EV5), a free-hold development by Sime Darby Property Bhd.

“All intermediate and end units have been taken up, leaving only four corner units available for purchase,” Sime Darby Property said in a statement yesterday.

“We are humbled and proud by this reception,” said Appollo Leong, general manager of the group’s Business Unit 1. “Homes in the City of Elmina have always been a hit and [Saturday’s] results prove it again.”

“Our initial plan was to launch only 92 units within Phase 1 but due to 100% take-up within a few hours, we decided to open up all 168 units available within the first phase. This proves that quality homes offered at the right location with the right pricing are still in demand despite challenging market conditions,” Leong said.

“EV5 is part of a well-connected township that is situated right next to the iconic Elmina Central Park, a 300-acre (121ha) park, of which 36 acres have been completed. Our homes have great architecture, beautiful and practical designs, and are definitely value for money,” he added.

The second phase of EV5 homes, comprising 205 units, is set to be launched next month.

Sime Darby Property has delivered 1,282 homes in EV precinct over the last three years and EV5 is the last of this precinct.

Elmina homes won nine awards at the Qlassic Awards recently, an annual national quality recognition by the Construction Industry Development Board.

EV5 offers double-storey link homes with built-up areas from 2,330 sq ft with prices starting from RM816,199 (after sales rebate and before bumiputera discount). Purchasers are also eligible for stamp duty exemption for property purchases up to RM1 million before June 30 as part of the National Home Ownership Campaign 2019.

“EV5 homes feature large built-up areas and an open plan layout, allowing flexibility in the usage of interior spaces. The homes are designed with large windows for abundant natural lighting, along with multi-generational features such as ramps, spacious bedroom and bathroom on the ground floor, low height switches and pocket sliding doors for the convenience of the disabled or elderly,” said Sime Darby Property.

The City of Elmina features five distinctly themed parks that collectively forms the 300-acre Elmina Central Park, and a 90km cycling and jogging track, one of the country’s longest.