UOA Group, through its wholly owned subsidiary Paramount Properties Sdn Bhd, has recently sold three boutique office towers in its latest flagship development called Bangsar South. The towers were sold to Bangga Istimewa Sdn Bhd and Bidang Lagenda Sdn Bhd - companies set up by Al Batha Group, for RM131, 348,880.
Bangsar South City, a 60-acre mixed development just off Federal Highway and New Pantai Expressway is planned as the new vibrant city located between KL, PJ and Bangsar, the golden triangle of real estate in the country. This mixed development with a projected gross development value (GDV) of approximately RM3.5 billion will take between six to 10 years to develop. It will comprise of residential, commercial components including hotel and service apartments and retail units. It models itself after cosmopolitan townships in other countries, integrating modern facilities, unique facades, elegant offices, contemporary and chic residences.
Bangsar South is divided into three main zones namely The Village – an ultra modern looking building that encompasses UOA’s Property Gallery and some retail outlets. This building is already completed and the Property Gallery is now open for customers to register their interest in upcoming product launches. The 30-acre residential precinct called Park Residences comprising the latest in modern contemporary condominiums. UOA intends to introduce two condominium blocks to the market very soon with residential unit sizes between 1,300 sq ft and 2,100 sq. ft. The show units are ready for viewing. UOA Group is also planning to create a centralised clubhouse with modern facilities & amenities to serve the Bangsar South City community.
The 30 acres commercial precinct will comprise of three main components. The Horizon, unique 10 & 11 storey boutique office towers to be sold on en-bloc basis whereby individual owners will have the advantage of having naming rights to the building. Each office tower has an average gross area of approximately 54,000 sq ft with the penthouse level fitted in with a feature pool. Construction works has already started on site and Phase 1 is expected to be completed before the end of 2009. The Vertical, 10 blocks of 20-storey office towers and The Sphere, the retail complex to serve the overall development would include F&B outlets and other supporting amenities.
