Building Investment (March-April 2021)

NEWS & EVENTS
Platinum Victory continues to thrive despite
challenging property landscape
Despite a challenging past year for
property developers, Platinum Victory
has made available competitively-priced
residential properties to Malaysia’s
growing urban and middle-class.
Two of its projects launched in 2019,
Platinum Arena Residences and PV9
Residences, were sold out last year.
Platinum Arena Residences is a sportsthemed
mixed development with 728
serviced apartment units located on a
2.9acre land parcel in Old Klang Road
neighbourhood; Setapak’s PV9 Residences
is a 5.57acre development offering 953
units with built-ups from 1,000 to 1,300
sq ft, and 438 units of affordable housing
under the Residensi Wilayah scheme (also
known as RUMAWIP).
Thanks to the positive grown in the
second half of 2020, Platinum Victory’s
three new residential property launches
saw a good take up rate of up to 90% and
a conversation rate of 50%. These projects
are Vista Sentul Residences, Vista Danau
Kota Residensi Wilayah and MH Platinum
2 Residences. The total GDV of the new
launches amounts to RM1.228 billion.
Maintaining its steady pace of rolling
out projects almost every quarter,
Platinum Victory is gearing up to launch
more value-for-money and affordable
homes in the Klang Valley. This include
Vista Saujana, a low-density project with
only 200 units; and Vista Dedanau, which
is set aside as housing for civil service
workforce (Perumahan Penjawat Awam
Malaysia – PPAM).
In a bid to strengthen its position
and lend their property expertise in
the industry, Platinum Victory has been
embarking on strategic partnerships
collaborations. Following the successful
completion of MH Platinum 2 Residences,
a 4.72-acre project in Setapak jointly
curated with MH Property, the next
collaborative initiative that has taken
flight is with Jakel Group for the
development of J.Satine - an exciting
mixed development project located
on a 12-acre site within Setapak. It will
encompass Residensi Wilayah and SOHO
residential units, as well as commercial
units.
Artist impression: Platinum Victory is collaborating with
Jakel Group for the development of J.Satine, which will
encompass Residensi Wilayah, SOHO residential units and
commercial units.
Artist impression: The Ark by Platinum Victory.
Another key development set to open
its door in 2021 is The Ark by Platinum
Victory, a uniquely modern 12-acre
community-based hub in Setapak. In
addition to being a one-stop destination
for home and design inspiration, it also
features artisanal F&B outlets and a
variety of special retail concept stores.
“The market for new home ownership
especially among millennials, young
families and new house buyers continues
to grow steadily and drive demand for
affordable housing here. As a property
developer with reputable track record, we
want to continue to meet the demand for
good quality homes in prime locations!”
said Gan Yee Hin, Executive Director of
Platinum Victory. He also expressed hope
Artist impression: Among Platinum
Victory’s residential projects
launched in 2020 are MH Platinum 2
Residences, jointly curated with MH
Property.
Artist impression: Vista Danau Kota
Residensi Wilayah.
Artist impression: Vista Sentul Residences.
that all stakeholders should continue to
lend unwavering support towards the
cause.
16 Mar-Apr 2021 | www.b-i.biz