Dorsett Waterfront Subang will offer 1,989 fully-furnished commercial suites under a commercial title, developed upon a sprawling plinth of 4.5 acres of freehold land.
Malaysia Land Properties Sdn Bhd (Mayland) has announced that the Dorsett Waterfront Subang; a joint development with Dorsett Hospitality International Limited, a wholly-owned subsidiary of Far East Consortium International Ltd (“FEC”, SEHK:35), launching on the 6th of September 2019.
The upcoming one-of-a-kind residence in the vicinity is nestled in close proximity to the Group’s renowned 5-star hotel, Dorsett Grand Subang and is expected to be met with strong interest given the high-quality lifestyle amenities and an unmatched location.
At a media preview held at its Subang Jaya show gallery today, Mayland managing director Dato’ Kevin Woo expressed, “While it is no secret that the local property market is facing trying times, prospective buyers have swayed toward the affordable segment with regard to creative products in the commercial sector alike what is offered in Dorsett Waterfront Subang.”
“I am happy to share that the development has currently secured 350 buyers with accumulative sales worth RM185mil from a preview that was held two months ago. This added on to the 400 existing buyers from when the project was first launched 7 years ago will bring us a total of 750 bookings to date.
I am hopeful that we will get full conversion of Sales and Purchase Agreements (SPA) from these bookings by the time we officially launch on the 6th of September 2019. With its strategic location and unrivalled value proposition, we are optimistic that the development will garner more sales before we commence piling works in November this year,” he added.
All units featured within Dorsett Waterfront Subang will be sold fully furnished.
Aside from offering luxury living at an affordable price, is well placed due to its access to the Subang Ria Recreational Park and Lake, and its positioning between the Hotel and the renowned Subang Jaya Medical Centre, this development boasts concierge services through its pairing with Dorsett Hospitality International Ltd and one of Asia’s fastest-growing hotel groups with a footprint in 15 cities worldwide.
With 28 hotels in operation and 15 more in the pipeline, FEC will soon have 43 fully/jointly owned hotels by 2024.
Dorsett Waterfront Subang is considered a mid-rise development, consisting of three 21-storey blocks encasing 1,989 fully-furnished commercial suites under a commercial title, on a sprawling plinth of 4.5 acres of freehold land.
“In addition to the natural attributes provisioned by the Subang Ria Recreational Park and Lake, as part of our inspired efforts to assimilate nature into the development, we are investing an astounding RM4mil to develop an impressive landscaped podium of 100,000 sf which would feature several high-end facilities for future proud owners to look forward to.
The purpose of this substantial investment is to create spaces for residents to pursue an active and quality lifestyle while interacting with each other - all within a safe and secure environment. Mayland has and will continue to poise itself as a prominent developer providing an unrivalled value proposition to its buyers,” added Woo.
Woo strongly believes that these elements will be particularly attractive to young professionals as well as affluent property purchasers within the established neighbourhood both looking for first homes and investment opportunities as a means to hedge their funds in the current challenging economic times.
Prospective owners of Dorsett Waterfront Subang will have the luxury of enjoying a stylish balcony.
Most of the suites offer units with layouts that range between 399 sf and 590 sf, fashioned in a studio and one-bedroom unit types. Out of which, 72 per cent have an indicative selling price of under RM600,000.
Dorsett Waterfront Subang offers residents the convenience of easy access to major highways such as the New Pantai Expressway, the Subang-Kelana Jaya link, the Konsortium Expressway Shah Alam Selangor as well as the Federal Highway. Linkages to public transport such as the RapidKL LRT and MRT rail lines are also available via the integrated Subang Jaya KTM and LRT station.
Residents will also benefit from the development’s close proximity to various established shopping centres, hypermarkets, established healthcare facilities, premier educational institutions and schools, as well as the many amenities that the existing hotel currently offers. For more information, please call 016-6999090.
(22 August 2019)
