PETALING JAYA: J & C Homes Holdings Sdn Bhd’s maiden project, Pinnacle PJ in Jalan Utara, Section 52, Petaling Jaya, has received very positive response from buyers.
The 1.73-acre (0.7ha) mixed development comprises offices and loft offices (Tower A), office suites (Tower B), a hotel and retail space. It has a gross development value of RM505 million. Launched in April, Tower B and the loft offices in Tower A have both achieved a take-up rate of 75% while the offices in Tower A are fully sold.
The loft offices have a built-up of 741 to 1,025 sq ft; the office suites are 329 to 606 sq ft; and the offices, 558 to 1,518 sq ft. Prices starts from an average RM838 psf.
A company spokesman said the offices are designed to be spacious and framed by floor-to-ceiling glass windows that provide panoramic views of the city, while the loft offices have an open space with plenty of natural lighting. The retail space, which will occupy the lower three levels, has a net lettable area of 80,000 sq ft and will consist of mainly food and beverage outlets.
The leasehold development is developed by Terra Mirus Sdn Bhd, a subsidiary of J & C Homes.
The spokesman told The Edge Financial Daily the overwhelming response was beyond its expectations and most of the buyers are locals.
Its strategic location at the junction of Jalan Utara and the Federal Highway, and its close proximity to Asia Jaya light rail transit station (less than five minutes’ walk) have added to its appeal.
At 210m above sea level, Pinnacle PJ will be PJ Central’s highest office tower. It will also feature the highest infinity swimming pool and the city’s tallest viewing platform and Sky bar, said the developer.
According to the developer, the 200-room hotel, which will be located in Tower B, and the retail space will be retained for recurring income.
It added that the Pinnacle name would be used for its upcoming projects to create a brand name.
“Each Pinnacle project will be differentiated by the location. We want to create sustainable developments that can last decades and enhance the lifestyles of our end-users,” said the developer.
This article first appeared in The Edge Financial Daily, on June 28, 2013