Sime Darby Property Berhad ("Sime Darby  Property" or “Company”) celebrated the topping-out ceremony of Serasi Residences, a Transit Oriented Development (“TOD”) at Putra Heights Sentral. This ceremony marks a critical  milestone, celebrating the completion of the building's structural phase, symbolising that the  project has reached its maximum height and setting the pace for the final stages of construction,  anticipated for completion in February 2027.

In total, the development comprises 1,428 freehold serviced apartment units across three blocks.  This is complemented by 10 strata retail lots, all of which are sold out. With a gross development  value of RM455,877,320, Serasi Residences offers a range of unit types, from 1+1 one-bedroom  to three-bedroom apartments, catering to a diverse demographic from first-time home buyers to  small families and young professionals. 

Sime Darby Property’s Chief Operating Officer - Integrated Development, Datuk Ir. Mohd Idris  Abdullah said, "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." 

The development is within walking distance to various recreational amenities, including a linear park with a walking trail along Bukit Cermin and the new 7-acre Putra Heights Community Park.  It is also connected by a 15km cycling path that runs throughout the township, ensuring that  residents enjoy both connectivity and a healthy lifestyle. 

Serasi Residences provides 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 directly  below the residences, enhancing the convenience and quality of life for its residents. 

Located just 400 metres from the Putra Heights LRT Station and near major expressways, Serasi  Residences offers unmatched accessibility.  

Launched in phases commencing February 2023, the demand for Serasi Residences has been  strong, reflecting the deep market appetite for well-located, affordable housing in Malaysia. The  initial phase of 507 units in Block 1 achieved a 100% sales take-up within just an hour,  underscoring the compelling value proposition it offers. Subsequent phases continued to mirror  this success, with nearly 300 units in Block 2 reserved in a single day, culminating in a 98% sales  take-up for the non-restricted units in Block 2 by mid-2024.  

While the project has been well-received, Serasi Residences continues to offer valuable  opportunities for ownership through its Servis Apartmen Mampu Milik (“SAMM”) units, which are  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, priced attractively at only RM250,000, feature a modern,  spacious, and flexible layout. 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. Notably,  the purchase is not restricted to first-time homebuyers, it is available to any eligible buyer who  has not previously purchased a SAMM unit. 

To streamline the purchase process, Sime Darby Property is actively facilitating applications to  the LPHS, ensuring that more Malaysians can access these affordable units easily. Additionally,  in a move to further facilitate homeownership, Sime Darby Property is absorbing SPA legal fees,  loan legal fees, and loan stamp duties, in addition to offering up to 100% financing for eligible  customers, ensuring a hassle-free purchase process. 

For more information on Serasi Residences and to make an appointment to view the 550sqft  SAMM show unit at Putra Heights Sales Gallery, call 03-5198 0888 or visit  https://www.simedarbyproperty.com/putra-heights/ 

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