SkyWorld Development Bhd has reached new heights with the completion of its latest project, The Valley Residences, located in Setiawangsa. This development marks SkyWorld’s tallest residential building to date and also holds the distinction of being the tallest residential building in Setiawangsa, according to the developer’s media release.
With a gross development value of RM761 million, The Valley Residences spans a strategically located 4.66-acre parcel of land. The development comprises 1,309 meticulously crafted units, ranging in size from a comfortable 800 sq ft to 1,318 sq ft, ensuring ample living space for residents. Three towers, with 48, 43, and 54 floors respectively, make up the impressive structure.
In celebration of this achievement, SkyWorld hosted an exclusive project tour to showcase the exceptional features of The Valley Residences. The event welcomed members of the media, bankers, estate valuers, and solicitors, providing them with an immersive experience of the project.
The project tour emphasized the craftsmanship and attention to detail that have become synonymous with SkyWorld’s developments. Attendees gained comprehensive insights into the project’s distinctive features, architectural design, and sustainability initiatives. They also had the opportunity to explore the development’s extensive range of amenities, including the Olympic-length swimming pool, landscaped gardens, Jacuzzi Cove, Hammock Grove, Forest Veranda, Canopy Walk, Sierra Playpark, and the innovative Power Mixed Martial Art gymnasium.
Despite offering over 60 facilities, The Valley Residences maintains low maintenance fees of just RM0.29 (excluding sinking funds). The development has achieved an impressive take-up rate of 100%.
Lee Chee Seng, CEO of SkyWorld, emphasized the company’s commitment to sustainability throughout The Valley Residences. He stated, “We believe in ‘Healthy Building, Healthy Living’ as part of our Product DNA, which aims to provide high-quality products to the market. We incorporate technical analysis into our developments, ensuring a comfortable living environment by considering aspects such as sun path analysis, cross ventilation analysis, footprint thermal analysis, thermal analysis, and daylighting analysis.”
SkyWorld’s dedication to sustainability is evident in its Green Construction certification by bodies such as CIDB. The company maintains a Green Plot Ratio of 50%. In addition, SkyWorld prioritizes quality, with all its projects exceeding the market average standard QLASSIC score of 69% to 73%. QLASSIC is a system used to evaluate the workmanship quality of building construction.
Innovation is also a key factor in SkyWorld’s growth. The company introduced Solution Plus, an e-commerce platform that allows users to search for contacts, recommendations, and price comparisons for interior design, furniture, and other home solutions. Through this platform, homeowners can access savings and special packages from SkyWorld’s preferred home solutions partners.
Recently, SkyWorld’s SkyAwani 2 Residences won the World Gold Award in the affordable housing category at the prestigious FIABCI World Prix d’Excellence Awards 2023. This recognition is particularly significant, as SkyWorld was the first Malaysian developer to achieve a Gold award in its maiden attempt at the international FIABCI awards.
Lee shared that customer satisfaction is a top priority for SkyWorld, with a repeat sales rate of 40.9% and an impressive 90.6% satisfaction rate after unit collection.
SkyWorld continues to make strides in the industry, having launched 13 projects worth close to RM6 billion. With seven projects already handed over and six ongoing projects, the company has launched over 12,000 units. SkyWorld maintains an overall take-up rate of 98% since December of last year, with unbilled sales totaling RM968 million. The company has plans to launch 10 additional projects within the next three years, with a total gross development value of RM4 billion.