DistantNews
Support us
Xanadu Millennium: Affordable luxury homes see 50% sales success
🇲🇾 Malaysia /Economy & Trade

Xanadu Millennium: Affordable luxury homes see 50% sales success

From Utusan Malaysia · () Malay

Translated from Malay, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • The Xanadu Millennium residential project in Puchong has achieved strong sales, with 50% of units sold shortly after its launch.
  • The RM700 million GDV project by Palm Springs Development offers luxury homes at affordable prices, targeting first-time buyers and young families.
  • The development features units ranging from 695 to 1,323 sq ft, with 2-4 bedrooms, and boasts over 60 lifestyle facilities and GreenRE Gold certification.

The Xanadu Millennium residential development in Puchong has garnered significant interest, with approximately 50 percent of its 1,245 units sold by the time of its official launch. The project, with a gross development value (GDV) of RM700 million, is being undertaken by Palm Springs Development Sdn. Bhd., with Gplex Realty Sdn. Bhd. appointed as the exclusive marketing agent.

We believe that owning a quality home should not be something difficult to achieve. Xanadu Millennium offers a balance between price, modern design, premium facilities, and a green environment.

— Jimmy ChaoExplaining the project's core concept and value proposition.

Jimmy Chao, Managing Director of Gplex Realty, stated that the core concept of Xanadu Millennium is to provide luxury residences at affordable prices, catering to the needs of first-time homebuyers, young families, and investors. The development is situated on a 5.66-acre site adjacent to a four-acre public lake park and offers a fully residential title. Chao emphasized that access to quality housing should not be unattainable, highlighting Xanadu Millennium's balance of price, modern design, premium amenities, and green surroundings. He also noted the availability of incentives, including subsidies for legal fees and stamp duty, to reduce entry costs for buyers.

More attractively, there are also various incentives including subsidies for legal fees and stamp duty to help reduce the entry cost for buyers.

— Jimmy ChaoHighlighting financial incentives offered to potential buyers.

Xanadu Millennium offers units ranging from 695 to 1,323 square feet, with configurations of two to four bedrooms, suitable for various household needs. The buyer profile is diverse, comprising first-time buyers, investors, and those looking to upgrade their homes, with representation from various ethnic groups. Three and four-bedroom units have attracted investor interest due to their potential for good rental returns, while first-time buyers are drawn to the competitive starting prices and incentives. The development includes over 60 lifestyle facilities and has achieved GreenRE Gold certification, underscoring a commitment to sustainable development and energy efficiency. Chao concluded that the combination of competitive pricing, full residential status, comprehensive facilities, and a strategic location makes Xanadu Millennium an attractive option for both living and investment.

The combination of competitive prices, full residential title status, complete facilities, and strategic location makes Xanadu Millennium not only suitable for living but also potentially provides good investment returns for all buyers.

— Jimmy ChaoSummarizing the project's appeal for both residents and investors.
DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog