KUALA LUMPUR (Dec 8): Demand for high-end properties is still strong, particularly in the Klang Valley, said UEM Sunrise Bhd chief operating officer Datuk Roslan Ibrahim.
He said this was based on the high take-up rate of its latest residential project, Residensi Solaris Parq in Dutamas here, which stood at 80% as at end-November.
“We achieved the take-up rate in less than two months, surpassing our initial target which was lower than 80%,” he told reporters after hosting a media tour of the project’s show unit here yesterday.
Roslan said the oversupply of high-end residential units was not an issue, despite the slow property market condition in the country.
“Location plays an important role, apart from your target market. For Residensi Solaris Parq, we are looking at foreign buyers, youths and also retirees seeking to downgrade to a smaller house after their kids have moved out,” he said.
This article first appeared in The Edge Financial Daily, on Dec 8, 2017. Click HERE for the original article.