Overnight queues for Vertiq condo launch

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12 March 2012

IJM Land Berhad's Vertiq condominium launch in Penang saw overnight queues forming days before the launch on Mar 3, 2012. Almost all its non-bumiputera units were taken up on the day of the launch, bringing to an overall 65% take-up rate of the project after taking into account a 30% bumiputera allocation, said Toh Chin Leong, IJM Land general manager for property development in the northern region.

Vertiq, rising majestically on a 2.31acres land as the tallest development in the prominent Metro East area offers a signature lifestyle like no other. This is an upcoming freehold mixed development by IJM within MetroEast-Unidi, Penang.

The 2 blocks condominium project is conveniently located next to Pearl Regency and just a stone throw away from Tesco hypermarket. It has a gross development value of RM231 million and comprises 318 residential units having a built-up area ranging from 1,044 sq.ft. to 2,303 sq.ft. Facilities at Vertiq include basket ball court, swimming pool, mini water park, jacuzzi, indoor and outdoor gym, sky garden, sky lounge, jogging track, community hall, home automation system.

Unitech has been commissioned by IJM Land to provide full quantity surveying and cost management services for this well-received condominium project. Piling Works has been completed and Main Building Works has recently been awarded and commenced on site. The project is anticipated to be completed by early 2015.