Thursday, 27 December 2012

Upcoming Launch Effingham Bandar Utama

Effingham Bandar Utama by First Nationwide (See Hoy Chan), located at Bandar Utama area consist of 212 units of 3-storey bungalows. This is a built & sell project and is completed and awaiting for CF. Effingham Bandar Utama is a contemporary and modern bungalows within a stratified gated and guarded community.
Upcoming Launch Effingham Bandar Utama
Summary details of this project : 
Land size for development : approximately 20 acres
Land area : 50ftx 80ft or 50ftx 85ft, 50ftx 90ft Built-up area : 5500sf
Tenure : Freehold
Total Unit : 212
Indicative Selling Price : RM5mil and above
Review : 
Location : It is situated at a strategic location, located at Bandar Utama, opposite Pelangi Damansara.  It is easily connected to Damansara-Puchong Highway (LDP) and New Klang Valley Expressway (NKVE) as well as Penchala Link.
Design : Contemporary and modern bungalows.
Price : The price comes with the location in view of scarcity of landed properties in Bandar Utama area.
Remarks : Landed properties in established area in Petaling Jaya carries the value.

UEM acquired enbloc office tower from UOA for RM173.25mil

UEM acquired enbloc office tower from UOA for RM173.25mil.

UOA Development Bhd sold an 18-storey office tower to UEM Group Bhd for RM173.25 million in cash.

The leasehold commercial tower is located within the Bangsar South enclave known as Tower 1, Avenue 7, Horizon Phase 2. This 18-storey office tower with a book value of RM130 million and will give a disposal gain of some RM32.07 million to UOA, representing 25% return on book value.

This Tower 1, Avenue 7, Horizon Phase 2 was transacted at RM173.25mil @ 750psf. Sale price of RM750psf is fair considering the three Horizon Phase 2 en bloc office sales done this year; the first one was sold to DKLS @ RM710psf and while Lembaga Tabung Haji took up two blocks at RM700psf. Additionally, this particular block is larger and taller than the 1st three blocks sold this year.

Bravo UOA!
Horizon office acquired by UEM

Tuesday, 25 December 2012

Upcoming launch : The Establishment (EST), Bangsar (opposite Bangsar LRT Station)

A new block of service suites at Bangsar by Keytone Land Developments will be launched next year and now open for registration. This is the first project by Keytone. This project is yet to be named. Where is this project located? To be accurate, it is located opposite Bangsar LRT Station.

Details to be revealed later, check out the website for registration :

Land Acquisition by Magna Prima

Magna Prima Bhd acquired 36 subdivided leasehold lots measuring 76,757 sq ft, averagely 2100sf a plot for RM23.03 million, translated to RM300psf. Magna Prima has the intention to develop terraced retail offices on the said land. However, the group will determine the most appropriate action development by next year. Magna Prima is optimistic on the prospect of the proposed acquisition considering that the property is strategically and conveniently located where it will appeal to prospective buyers with the good accessibility to major highways.

Thursday, 13 December 2012

Upcoming launch : Condos at Ara Damansara By See Hoy Chan

Another condo at Ara Damansara by See Hoy Chan will be launched in mid 2013. This project is yet to be named. Where is this project located, to be accurate, it is located opposite Seri Pilmoor by Sime Darby and a km away from newly launched Ara Greens and Verde.

Summary details of this project : Land area : Not available.
Tenure : Freehold
Total Unit : Not available.
Sizes : 750sq. ft  - 1800sq. ft.
Selling Price : RM650psf

Review : Location : Located in the upcoming area of Ara Damansara, near to Subang Airport. Accessible by various highways and well-connected.  
Design : Not available.

Condos @ Ara Damansara By See Hoy Chan

My Notes : The recently launched condos are all 600psf and above, we merely can get any property below 600psf and sizes are quite small to cater for smaller household and reduce the absolute price and manage the affordability.

Tuesday, 11 December 2012

New launch : Medang Serai @ Bukit Bandaraya, Kuala Lumpur

Medang Serai @ Bukit Bandaraya
Medang Serai by Bandar Raya Developments Bhd (BRDB) is located at Bukit Bandaraya, Kuala Lumpur. Bandar Raya Developments Bhd (BRDB) unveils ambitious this luxurious condo project in September 2012 with GDV of RM900mil. Medang Serai is a 21-storey towers on a 6-acre land and it is the last piece of prime real estate in the Bukit Bandaraya area and it is one of BRDB’s most luxurious and ambitious developments.

Medang Serai @ Bukit Bandaraya

Medang Serai @ Bukit Bandaraya
Summary details of this project :
Land area : 6 acres

Tenure : Freehold
Total Unit : 121 units condos + 2 penthouses
Sizes : condos of 4025 sq. ft. – 6913 sq. ft. and 2 units penthouses of 14,000
Selling Price : RM1300 - 1500psf

Review :
Location : Located in the affluent vicinity, Bukit Bandaraya. Sitting on a 6-acre land next to Tivoli Villa, offering net saleable area of 900,000sf, this is totally a different product from Tivoli Villa. 
Design : The facade looks very impressive and grand. Bigger sizes are designed to accommodate to the demand of rich group. Well equipped with facilities and 3-tier security system.
Price : The pricings at 1300 – 1500psf is considered as very high-end product. In just slightly less than three months and it achieved 50% sales indicates that the demand of high-end product is still overwhelming.
My Notes : When BRDB launched One Menerung in 2006, it was priced at RM600 per sq ft. The subsale units are now transacted at RM1,000 per sq to RM1,300 per sq ft. This shows there are a different group of people who actually willing to pay for the unique product in an affluent area and prime location. In addition, there are two 14,000 sq ft penthouses worth about RM22 million each and there are few potential buyers were looking at it.

Medang Serai @ Bukit Bandaraya

Friday, 7 December 2012

Upcoming launch : Scenaria @ North Kiara Hills

Scenaria @ North Kiara Hills

Scenaria @ North Kiara Hills is located at Bukit Segambut and is an upcoming launch by UOA in early 2013. The Scenaria @ North Kiara consists of 2 blocks of 36-storey condos and 44 units linked house with a 2-acre landscapre natural greenery on a 9.8-acre land.

Scenaria @ North Kiara Hills
Scenaria @ North Kiara Hills
Summary details of this project : 
Land area : 9.8 acres
Tenure : Freehold
(A) Condos :
Total Unit : 468 units a block
Sizes : 1,019 sq. ft. – 1,300 sq. ft.
Indicative Selling Price : RM620 - 680psf
Service charge : RM0.22psf

(B) Exclusive Super Link House
Total units : 44 units
Land Area: 24' X 85' Sq ft
Price: RM 1.8min onwards
Maintenance Fee: RM0.22 psf (Expected)
Review : 
Location : Near to established neighbourhoods ie. Mont Kiara &Desa ParkCity.
Scenaria @ North Kiara Hills
Design : The facade looks good. Various sizes. Well equipped with facilities and 3-tier security system.
Scenaria @ North Kiara Hills
Scenaria @ North Kiara Hills
Price : The pricings at 620psf – 680psf is at the average condo pricing in Damansara, Petaling Jaya as well as Mont Kiara.  
My Notes : Location is good, design look quite up to trend, pricing is a bit steep Segambut area. Choosing a good unit with a good view can be considered. 
Scenaria @ North Kiara Hills

Wednesday, 5 December 2012

Procedure to apply for Perumahan Rakyat 1Malaysia (PR1MA)

Perumahan Rakyat 1Malaysia (PR1MA) AT

  • check eligibilty, if yes, proceed to register
  1. Applicants must be a Malaysian citizen.
  2. Applicants must be at least 21 years old at the time of the application.
  3. Open to Individuals or Families (husband and wife) with a monthly household income of between RM2,500.00 – RM7,500.00.  
  4. Open to who currently own no more than one property.
  5. Additional guidelines set-forth by states
  6. PR1MA homes will be allocated through an open balloting process. A 10-year moratorium will be imposed, during which time the property cannot be sold or transferred to another party without prior approval from PR1MA. PR1MA homes must be owner occupied.

  • Complete the registration process and receivean unique PR1MA registration number

  • Application will be notofoed via email and sms when PR1MA of their choice is launched

  • Once application period is closed, all application will undergo verification and succesful application will be processed for balloting

  • Verified applications will be selected via balloting process and will be audited

Announcement of successful ballots
  • Successful balloters will be listed on PR1MA website and will be contacted throuh email and SMS. Arrangement of financing should proceed here.

Home allocation
  • PR1MA will be contacted for details of allocation

check out : -

Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched 7 December 2012

The online registration for 80,000 affordable homes to be built in 50 cities and towns under the Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched in Penang on Saturday.

Qualified applicants will be able to take part in the balloting of the houses which will be built at the cost of about RM10bil over the next three years.

“People in Penang will be the first to register and benefit from the Government's affordable urban housing programme,” PR1MA Berhad's chief executive officer Datuk Mutalib Alias told a media briefing yesterday.

He said work on the 333ha PR1MA Seremban project was expected to begin early next year while parcels of urban land in Kuala Lumpur, Selangor, Penang, Johor, Malacca, Sabah and Sarawak had been identified for the project.

“PR1MA will develop 50,000 homes while the additional 30,000 would be built through collaboration with established private developers.

“We will provide affordable units to meet the needs of urban dwellers,” he said.

Mutalib said individuals and married couples with a monthly collective household income of between RM2,500 and RM7,500 a month were eligible to register for PR1MA homes.

Landed and high-rise properties are priced between RM100,000 and RM400,000.

He said PR1MA adopted a flexible definition of eligible household income so family members who qualified could also register individually.

Tuesday, 4 December 2012

New Launch Verde at Ara Damansara

Verde at Ara Damansara by Villamas Sdn. Bhd. consisting of 4 blocks of 13-storey serviced condominium, with 3 levels of basement car parks (with an estimated 1,050 car park lots for the residents). Verde at Ara Damansara, is one of the last parcels of freehold land in Petaling Jaya. It is situated next the the newly launch AraGreens, located near the Sultan Abdul Aziz Shah Airport road and is in close proximity to the established residential and commercial areas of Tropicana, Damansara, Subang Jaya, Bandar Utama and Kelana Jaya. This is a gated and guarded development, with a 3-tier security system to ensure a better peace of mind for the residents.
New Launch Verde at Ara Damansara
Summary details of this project : 
Land size : 4.8 acres
Built-up area : 1,383 sq ft and 2,110 sq ft.
Tenure : freehold
Total Unit : 409 units in 4 blocks
Selling Price : RM550psf Blocks 1 & 2 and RM580psf for Block 3
Service charges : RM0.25

Review : 
Location : It is situated at a strategic location, easy accessibility via the New Klang Valley Expressway (NKVE), Lebuhraya Damansara-Puchong (LDP), New Pantai Expressway (NPE) and Federal Highway.
New Launch Verde at Ara Damansara
Design : Various sizes to choose. This development comes with space for nursery, observation deck, glass walled gym overlooking a crystalline infinity pool, reflective pond, half basketball court, yoga space, whirlpool, sky garden and function hall, among others.
New Launch Verde at Ara Damansara
Price : In view of this is an upcoming place, pricing of 550psf is kinda reasonable. Choose a good units with nice scenery and view should be suitable for own occupation.
Remarks : This development is designed with green initiatives within the units include the proposed installation of a rainwater harvesting system, Smart Home System that encourages a paperless environment, and the usage of low volatile organic compound (VOC) emitting materials such as paint, adhesive and sealants. Verde @ Ara Damansara is an environmental conscious project.