Enthusiastic response for The Fennel Phase 2
Kuala Lumpur, 18 November 2013 –
Property investors and homebuyers responded enthusiastically to the second phase of YTL Land & Development’s iconic development, The Fennel at Sentul East, which achieved over 80% in sales in just 2 days.
The Fennel Phase 2 consists of one 38-storey tower with a total of 229 condominium units with standard built-ups of 1081 sq. ft. to 1554 sq ft. The freehold units come with magnificent views facing KLCC, the suspended swimming pool or the surrounding highlands.
Commenting on the response, YTL Land & Development Berhad’s Executive Director, Dato’ Yeoh Seok Kian said, “The reception to The Fennel has really exceeded our expectations and it’s humbling to see the passion our customers have towards our offerings. Some of them even started queuing the night before! It shows that genuine investors can recognise value in the market despite the recent cooling measures by Bank Negara.”
Unlike other property previews, registrants had ‘first pick’ of these highly desirable freehold condominium units. The Fennel also presents one of the last opportunities to take advantage of DIBS before it is disallowed. To secure their desired unit, scores of registrants camped overnight at the YTL Homes Sales Gallery at Starhill Gallery before the opening of the preview last weekend.
The first registrant to arrive booked his place at the head of the queue at 7pm, a full 15 hours before the preview itself. Another registrant, Moses Gerard, flew in from Penang on Friday evening. “I arrived at 10pm and there were already so many people here. I’m really happy to secure the unit that I wanted,” he said. By morning, the queue of registrants could be seen circling along the foyer of Starhill Gallery’s Relish Floor.
Architecturally stunning, The Fennel’s unique experience starts off at the entrance itself, with 2 grand arrival courts to greet visitors and residents.
Hovering over these arrival courts are two suspended salt-water swimming pools, each spanning 50 metres across, flowing from one block to the other.
Green spaces total more than 1 acre, with pocket gardens and ‘sky forest’ terraces.
Attractively priced from RM775,000 to RM2.58 million with a GDV of RM200 million, The Fennel Phase 2’s average price of RM760 psf set a new record for Sentul East as the neighbourhood metamorphosizes into a dynamic, urban metropolis.
The transformation is very much noticeable to residents and motorists in the area as The Fennel’s sister condominiums, The Capers (currently under construction) makes its presence felt in the skyline. The commercial buildings in the vicinity, d6 and d7, host the Sentul East Design Centre (SEED) and upcoming developments carry MSC Malaysia Cybercentre status.
“The Fennel’s success shows that investors are confident of Sentul East’s excellent potential with its strategic location near the heart of the city,” said Dato’ Yeoh. The condominium is near to 2 LRT stations, 1 KTM station and 2 proposed MRT-Integrated stations, reaffirming Sentul East as a transport hub.
The Fennel Phase 3 will be the YTL Land’s last release of condominium units in Sentul East and will be announced at a later date.