Sime Darby Property Berhad recently marked a significant milestone with the topping-out ceremony of Serasi Residences, a Transit-Oriented Development (TOD) located at Putra Heights Sentral. This event signifies the completion of the building's structural phase, indicating that the project has reached its maximum height and paving the way for the final stages of construction, which are expected to be completed by February 2027.
The development consists of 1,428 freehold serviced apartment units across three blocks, accompanied by 10 sold-out strata retail lots. With a gross development value of RM455,877,320, Serasi Residences offers a variety of unit types, ranging from 1+1 one-bedroom apartments to three-bedroom apartments, catering to a diverse demographic including first-time homebuyers, small families, and young professionals.
Datuk Ir. Mohd Idris Abdullah, Chief Operating Officer – Integrated Development at Sime Darby Property, stated, "The topping out of Serasi Residences marks a key moment in our commitment to delivering affordable, high-quality living spaces that foster vibrant communities. Our focus is on creating spaces that offer convenience, community engagement, and a sustainable lifestyle, which are all integral to the Serasi experience."
Located within walking distance of various recreational amenities, the development features a linear park with a walking trail along Bukit Cermin and the new 7-acre Putra Heights Community Park. Residents can also enjoy connectivity via a 15km cycling path throughout the township, promoting a healthy lifestyle.
Serasi Residences boasts over 30 lifestyle facilities spread across a two-acre Facilities Podium, including a 50-metre Olympic-length swimming pool, a multipurpose hall, and retail shops situated directly below the residences, enhancing convenience and quality of life for its residents. The development is just 400 metres from the Putra Heights LRT Station and near major expressways, offering unmatched accessibility.
Launched in phases starting in February 2023, Serasi Residences has seen strong demand, reflecting a deep market appetite for well-located, affordable housing in Malaysia. The initial phase of 507 units in Block 1 achieved a remarkable 100% sales take-up within just an hour, showcasing its compelling value proposition. Subsequent phases have mirrored this success, with nearly 300 units in Block 2 reserved in a single day, culminating in a 98% sales take-up for non-restricted units in Block 2 by mid-2024.
While the project has been well-received, Serasi Residences continues to provide valuable opportunities for ownership through its Servis Apartmen Mampu Milik (SAMM) units, part of an affordable housing scheme managed in collaboration with Lembaga Perumahan dan Hartanah Selangor (LPHS). As of 18 August 2024, the overall take-up rate for Serasi Residences stands at 72%.
The 1+1 Bedroom SAMM units, attractively priced at only RM250,000, feature modern, spacious, and flexible layouts. Eligibility extends to Malaysians aged 18 and above with an individual monthly income of up to RM15,000 or a household income of up to RM20,000. Importantly, the purchase is not restricted to first-time homebuyers and is available to any eligible buyer who has not previously acquired a SAMM unit.
To streamline the purchasing process, Sime Darby Property is actively facilitating applications to LPHS, ensuring that more Malaysians can easily access these affordable units. Furthermore, in a bid to further facilitate homeownership, Sime Darby Property is absorbing SPA legal fees, loan legal fees, and loan stamp duties, alongside offering up to 100% financing for eligible customers, ensuring a hassle-free purchase experience.
