The good take-up rate of its existing projects has prompted Platinum Victory to launch Residensi Platinum Teratai, a freehold development within the city.

Located in Jalan Langkawi in Setapak, Kuala Lumpur, Residensi Platinum Teratai is targeted to be launched next month and has a gross development value (GDV) of RM360mil.

Platinum Victory is also planning the launch of Platinum Arena in Jalan Kelang Lama with a GDV of RM427mil by the second quarter of next year due to the overwhelming take-up rate of Platinum OUG.

"Despite the soft market, we see demand for well-priced properties, located in strategic locations surrounded by good facilities and amenities.

"Platinum Victory's success over the years is attributed to our ability to provide quality developments with practical layouts, at the right price to meet market demand.

"We are confident that the property market has the appetite for the products which we are planning to launch," said Platinum Victory executive director Gan Yee Hin.

Spread across 1.2ha, Residensi Platinum Teratai will comprise 800 units of 928sq ft condominiums.

Besides Platinum Victory's practical layout that maximises space usage in its design, residents will also enjoy facilities such as swimming pool, convenience shops, cafes, multipurpose hall, gymnasium, kindergarten and more.

Surrounded by amenities such as Setapak Central Mall, a hospital, schools and recreational activities within a 5km radius, Residensi Platinum Teratai has an indicative selling price of RM423,800.

Owners of Residensi Platinum Teratai can reduce waiting time on their property as well as enjoy immediate bank interest savings as the development is slated for completion next year.

To add more value for homeowners, the units are move-in ready condition.

Platinum Victory will furnish the main areas such as the kitchen, living and dining area as well as the master bedroom and a guest room.

For customisation, the interior design will also be shared with homeowners to ease their property ownership journey.

Also in the pipeline for Platinum Victory is The Palette, a lakefront commercial and social development in Setapak.

True to its name, this commercial development will bring splashes of exciting new colour to the charm of Setapak. Featuring al-fresco dining area, restaurants, cafes and pubs, The Palette is envisioned to change the social landscape of Setapak.

"Having established ourselves especially in Setapak, we feel that the time is right for us to introduce The Palette to serve the Setapak community.

"Our vision for The Palette is a place for people to come together in a vibrant social space for everyone where retail and F&B activities will be abundant," said Gan.

He added that the 3ha commercial development was only available for lease in order for the

developer to maximise the tenant mix.

The Palette will be completed in stages with McDonalds already opened and Aeon Big following suit by the end of this year.

The F&B area is targeted to be fully operational by the third quarter of next year.

Platinum Victory is currently in talks with various retailers to optimise tenant mix.

For details, call 03-4141 8899 or visit Platinum Teratai Sales Gallery @ G-08, PV 21 Condominium, Jalan Usahawan 2, off Jalan Genting Klang, Setapak Kuala Lumpur.