Land Acquisition in KL : SP Setia Berhad

For the news of Land Acquisition in KL : SP Setia Berhad 

Please check out : -

http://toppropertynews.blogspot.com/2013/05/sp-setia-berhad-land-acquisition-in-kl.html

Upcoming launch August 2013 : Three28 Tun Razak

Upcoming launch August 2013 : Three28 Tun Razak

Three28 Tun Razak by Tan & tan or IGB group iis a 23-storey serviced apartment.

Three28 Tun Razak is a serviced apartment consist of 166 units serviced apartments located just few minutes away from The Intermark Kuala Lumpur.

Project Summary :

Land Area : 0.38 ha

GDV : 170mil

Total units : 166 units

Built-up area : 700 -1300sf.

Indicative selling price : 1000psf

Construction status : piling completed

Webpage : http://www.tantan.com/future-project.aspx

Upcoming launch August 2013 : Three28 Tun Razak

My review :

Location: prime location, located at opposite Hampshire Place, KLCC. 

Residensi 222 or 222 Residency by Kerjaya Prospek

Residensi 222  or 222 Residency is a block of 27-storey serviced residence. This development consists of 222 units. Residensi 222  or 222 Residency is situated off Jalan Gombak, Setapak, KL.

Residensi 222  or 222 Residency

Project details

Land area  : 1 acre

Tenure : Freehold

Built-up area :

KLCC facing:

Type A - 904sqft (1-bed)
Type B - 1124sqft (3-bed)Type C - 1102sqft (3-bed)Type D - 1203sqft (3-bed)Gombak facing: Type E - 999sqft (2-bed)Type F - 861sqft (1-bed)- gymnasium, jacuzzi, playground, function hall, BBQ, changing room, garden- infinity pool- 4 tier security (main entrance, car park, lobby & lift)- all windows in units are green tinted
Building Level
G - shop lots & guardhouse
1st Floor - visitor & shoplot parkings2nd-7th Floor - resident parkings8th Floor - swimming pool & facilities9th-27th Floor – Serviced residences

Project Development update- 
Vacant Possesion in May/June 2013- Extra car park balloting on 27th April 2013 [single unit - rm35k, tandem unit - rm53k]

Facing : south east facing direction

Car park : 1 car park each unit

Promotion package : DIBS development

Launch price : 300psf

Subsale price : 400psf

Common facilities :

- gymnasium, jacuzzi, playground, function hall, BBQ, changing room, garden
- infinity pool
- 4 tier security (main entrance, car park, lobby & lift)
- all windows in units are green tinted

Project Development update- Vacant Possesion in May/June 2013

- Extra car park balloting on 27th April 2013 [single unit - rm35k, tandem unit - rm53k]

Notes : 

Kerjaya Prospek is a main contarctor of St. Mary Residences, Dua Residency and Lumina Kiara.

New Launch : Vida Bukit Ceylon @ Jalan Ceylon, Bukit Ceylon by Spritzer

Vida Bukit Ceylon @ Jalan Ceylon, Bukit Ceylon by Spritzer

Vida Bukit Ceylon @ Jalan Ceylon, Bukit Ceylon by Spritzer is a boutique 23 storey development. This development offers 70 liveable serviced suites and 1 penthouse unit based on the SOHO concept. There are 11 layouts to choose from. Each floor has a maximum of 4 units to ensure privacy and security.

Project details

Property Type: Serviced apartments

Land Title:Commercial

Tenure:Freehold

Built Up:948 - 1,841 sq. ft.

Listing Price: 1000 – 1200psf

Total Units/Lots:71

Sales status : 65% sold

Standard discount : 5% + DIBS scheme

Bumi Discount:5%

Completion Date:Q4 2015 (Expected)

Webpage : http://www.vidaceylon.com/main.html

A wide variety of facilities are included ie.  sky terrace, roof top infinity pool, gymnasium, reception room and 24-hour security system. Residents can also take advantage of the services operated within the building such as launderette, mezzanine bistro, business lounge, conference & function rooms and automated parking system with valet services.

Menara Bukit Ceylon, Downtown Condominium and Regency Tower are located very near to Vida Ceylon. Restaurants, pubs and bars around Changkat Bukit Bintang are within walking distance. In addition, Shopping malls in the Bukit Bintang area are just a short drive from Vida Bukit Ceylon. Tung Shin Hospital is also nearby.

Fixtures & Fittings

• built-in wardrobe in all bedrooms

• timber flooring in all bedrooms

• hot/ cold water in all bedrooms

• built-in kitchen cabinet with solid surface

• centralised water filtration system

• designer switches

• split air-conditioner provided

Common Facilities

• sky terrace with sun loungers

• sky lounge with settees amidst water features

•  roof top infinity swimming pool

• fitness gymnasium with hi-tech equipment (ex; life fitness)

• pool side cabana with sofa beds

• shower room

• changing rooms

• reception lounge

• receptionist

• friendly concierge

• 24 hours security

• management office

• refuse collection

• maintainance of common areas and facilities

My notes : -

Location : Vida Bukit Ceylon is accessible via Persiaran Raja Chulan which is linked to Jalan Raja Chulan, Jalan Ampang, Jalan P Ramlee, Jalan Pudu and Jalan Sultan Ismail. There are many taxis and buses in the area and the Raja Chulan Monorail station is within walking distance.

Design : VIDA Bukit Ceylon is developed with SOLO (Small Office, Liveable Office) concept. This is designed to ensure your work environment is as conducive as possible. With a density of 4 units per level, VIDA Bukit Ceylon ensures privacy and security. Most of the units are attached with 1 lounging room that ensures you are well rested before you start your day.Every units carrying fantastic view from all angle in KL City. This building is designed with automated parking system in collaboration with Samjung Tech.

Pricing : Reasonable pricing in a prime location in Bukit Ceylon.

Alila Bangsar By Keystone Land Development

Alila Bangsar is a 41 storey mixed-use development comprising of 646 luxury serviced suites in Bangsar. Establishment KL is developed by Keystone Land Development, a developer from Singapore. The developer will retain the hotel rooms and sell all the serviced suites Alila Bangsar is crowned to be the company’s first luxury residential and hospitality development. The establishment, KL GDV : 450mil Product mix : 646 serviced suits compressed into 26 floors, Alila Bangsar@The Establishment, which will have 124 rooms over four floors Built-up area :  470sqft studios and 830sqft three bedroom apartments  Pricing indication : As quoted by the developer, The Establishment will be cheaper when compared to the KL Eco City project behind the Abdullah Hukum LRT station, where the first residential tower was launched at around RM1,250 per sq ft (psf), and the Sentral Residences at KL Sentral, which are selling at more than RM1,200 psf.  Webpage : http://www.establishmentkl.com/ --> Alila Bangsar By Keystone Land Development Alila Bangsar Land Area : 1.14 acres Property type : 124 room city hotel will be managed by Singapore-based Alila Hotels and Resorts. Pricing : to be ascertained.  Rental estimation : Estimated for a standard room a night at Alila Bangsar will be about RM400 to RM480. Location : Conveniently linked to the Bangsar LRT station via a direct link bridge from The Establishment, opposite Manara UOA, Bangsar.

Design : This is more to cosmopolitan society, living in a convergence of loft-inspired suites combined with a contemporary ambience and facilities to unwind, stylish, relaxing environments and superb hospitality that creates unique guest experiences and is reflective of the very best of a contemporary lifestyle. 

The establishment KL owned an unadorned façade, which reveals little of the urban flamboyance within. Everything from its facilities to services is centered on providing the best in comfort and wellbeing for the hotel guests on business and leisure.

Upcoming launch : Dutamas New Project by BT Homestead Group

Dutamas Homestead

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Dutamas Condo is a midrise condominium blocks in Dutamas Area. This is located along Jalan Dutamas Raya, in front of changkat view, between menara duta 2 and duta ria.

Project details :

Land area : NA

Tenure : Freehold

Built-up area : NA

Total units : NA

Price :  NA

Sales status : NA

Webpage : http://www.bthomestead.com/new_project.html

Review : 

Location : Located in Dutamas area, easily connect to PJ as well KL.

Dutamas Homestead

Design : Modern Condo design with various sizes.

Notes : The developer have done the development in Anggun Puri, Dutamas, Angkupuri, Mont Kiara, Almaspuri, Mont Kiara, Aman Beringin, Damansara Heights.

New launch : Pavillion Hilltop Mont Kiara

Pavillion Hilltop Mont Kiara

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Pavillion Hilltop Mont Kiara is a 31-storey condominium in Mont Kiara Area, next to Seni Mont Kiara.

Project details :

Land area : NA

Tenure : Freehold

Built-up area :

Total units : 621

Price :  900psf with doscount

Sales status : 70% sold

Webpage : http://www.pavilionhilltop.com/

Review : 

Location : Located at an affluent location of Mont Kiara

Design : Modern Condo design with various sizes.

Notes : Quality products at affluent location

Malton is the Associated retail management of 
- Pavilion KL
- fahrenheit88 
- da:men Shopping Centre, USJ Subang Jaya
- Nova Saujana Retail Podium
- Pavilion KL 2 Extension

Upcoming launch : La Thea, 16 Sierra by UOA

La Thea is the first-ever condominium development in 16 Sierra - the unique township with 16 inter-connected themed gardens.

Not much details available, register your interest at

Webpage : http://www.ioiproperties.com.my/16sierra/

 

Upcoming launch : La Thea, 16 Sierra by UOA

Review : 

Location : Located at the southern part of Puchong, easily connected to Putrajaya and Cyberjaya

Design : Designed with contemporary architecture, La Thea incorporates both vertical and horizontal fins to screen direct sunlight and create a cooler indoor environment. Simultaneously, these fins aso provide a three dimensional architectural language to the facade which gives La Thea a distinctive identity.

As for the inner space, La Thea features seamless living spaces articulated with functional layouts.

--> Amenities include a lap pool, yoga deck, fun pool, function room with pool view, interactive playground, glass gymnasium with pool view, tennis court, etc. Residents will be able to enjoy other township amenities that include a private clubhouse, Rafflesia International School & Private School, and a Play Learn Bond environment. The private clubhouse is equipped with swimming pool, wading pool with "Tipping Bucket", children play area, glass gym, exercise deck, cafeteria, and a multi-purpose hall with badminton courts.

Notes : There are some landed houses completed ie terrace, semi-d and townhouse.

Upcoming launch : Verve Suites KL South

Upcoming launch : Pinnacle Petaling Jaya JC Homes

Upcoming launch : Pinnacle Petaling Jaya

The upcoming launch Pinnacle. Pinnacle is a mixed development of office, loft office, suite office, hotel and retail. It is located in a prime land in Petaling Jaya, next to Armada Hotel

This is an office units luxuriously finished with elegant and contemporary fittings. There are floor to ceiling windows that provide panoramic views of the city centre.

Summary details of this project : 

Land area : 1.73 acres

Tenure : leasehold 99 years

Upcoming launch : Pinnacle Petaling Jaya

Total Unit : 787 units
Built-up area :
Office - 1045sf to 1519sf
Loft Office - 676sf to 1107sf
Indicative Selling Price: RM800psf with 5% discount

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Webpage : http://pinnacle-pj.com/#

Review : 

Location : Located on a coveted piece of prime land in the heart of Petaling Jaya. This is next to the Federal Highway makes it conveniently accessible to the city's business, financial and entertainment centres.

Upcoming launch : Pinnacle Petaling Jaya

Design : innovative modern flexi office design with variety of built-up area

Price : indicative pricing sound reasonable at this prime locality.

My notes : Proximaity to the nearby LRT station is a selling point of this project.

Upcoming launch : Verve Suites KL South

The success of VERVE® Suites Mont'Kiara, Bukit Kiara Properties is planning to roll out another VERVE® Suites project within Kuala Lumpur, known as Verve Suites KL South. It is located right in the heart of KL South, a fast-paced intermediate point between Kuala Lumpur and Petaling Jaya. This is a redevelopment project converting the former Alamanda College along Old Klang Road into a serviced apartment project with retail element.

Verve Suites KL South is a redevelopment serviced apartment project, consisting of 2 block of 24-storey designer suites, offices and SOHOs. This is a 3.08-acre mixed development located at Taman Shamelin Perkasa. Landmark Zone and the landlord Koperasi Shamelin Berhad (KSB) are the JV partner in this development.

Summary details of this project : 

Land area : 3.08 acres

Tenure : leasehold 99 years
--> Total Unit : 321 serviced apartments, 45 small offices and SOHOs

Built-up area : from 500sf onwards

Indicative Selling Price : NA

Webpage : http://www.vervesuites.com/registration.php?project=klsouth

Review : 

Location : Strategically located in the heart of KL city centre, easily connect to every part of Kuala Lumpur and Selangor. It is accessible via Old Klang Road. Neighbourhoods in the incinity include Taman Kuchai, Overseas Union Garden, Taman Yarl were the earlier townships. Taman Kinrara and Puchong came later.

Design : NA till more details available

Price : NA till more details available

Upcoming launch : Shamelin Star at Taman Shamelin Perkasa, KL

The upcoming launch Shamelin Star....

Shamelin Star is a mixed development project, consisting of 2 blocks of 27-storey soho residences with retail on the ground floor. This is a 3.08-acre mixed development located at Taman Shamelin Perkasa. Landmark Zone and the landlord Koperasi Shamelin Berhad (KSB) are the JV partner in this development.
Total Unit : 630 units

 Shamelin Star

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Summary details of this project : 

Land area : 3.08 acres

Tenure : leasehold 99 years

Indicative Selling Price : RM500 psf with discount

Webpage : not available at the moment

Review : 

Location : Strategically located in the heart of KL city centre, easily connect to every part of Kuala Lumpur and Selangor.

Design : Modern condo design with variety of built-up area and car park is provided.  

Price : indicative pricing sound reasonable at this locality.

New launch : The Mews at KL city centre by E&O

The mews at KL city centre is recently launched in Hong Kong and receiving an overwhelming response. The mews consist of 2 blocks of 38-storey serviced apartments on a 1.29-acre land located at Jalan yap Kwan Seng, in KL city centre.

New launch : The Mews at KL city centre by E&O

Summary details of this project : 

Land area : 1.29 acres

Tenure : freehold
Total Unit : 256 units

Sizes and car park provided :

922sf (1bed) & 1 car park

1251sf (2-bed) & 2 car parks

1459sf (2+1 bed) & 2 car parks

2058sf (3 bed) & 3 car parks

2417 & 2623sf (penthouse) & 4 car parks

Service charges : 0.55 (inclusive sinking fund)

Indicative Selling Price : RM1500 psf with rebates

Webpage :  http://www.eoprop.com/upcoming-project.php?content=abs-link2-content

New launch : The Mews at KL city centre by E&O

Review : 

Location : Strategically located in the heart of KL city centre, this is ideal location for investment. Short walking distance to all offices, shopping malls and tourist attractions as well as facility areas, and excellent connection to public transport links.

Design : Modern condo design with variety of built-up area. Units are fully furnished with electric oven, microwave oven, hob & hood, refrigerator, washing machine, dryer and waste disposal. Air conditionings are provided to living, dining and all rooms except utility. In addition, walk-in wardrobe for master bedroom and full length shoe storage are given too.   

Price : comparable to selling price in KL city centre.

Upcoming launch : Canova 7 at Kelana Jaya by Sima

Canova 1 comprise 1 block of 40-storey condominium located in Kelana Jaya. There are 9 units per level with full condo facilities.

Summary details of this project : 

Land area : 4 acres

Tenure : leasehold

--> Total Unit : 340 units

Sizes : 1,500 sq. ft. – 1,900 sq. ft.

Indicative Selling Price : RM700 psf

Webpage : Only developer webpage available http://sima.com.my/

Review : 

Location : Strategically located in the heart of Kelana Jaya. And easily accessible to highway.

Design : Modern condo design with variety of built-up area

Price : to be commented later

My note : With the reasonable pricing, this will be a worth-buying project

See Hoy Chan is building office block at First Avenue, Bandar Utama

PETALING JAYA: See Hoy Chan Holdings Group is now awaiting approvals for the second phase of The Effingham Place and Tower 5 of its 1 First Avenue office blocks in Bandar Utama township, Petaling Jaya, according to its director, Datuk Teo Chiang Kok.

For the office block, Teo said the construction of the new building had to be timed correctly with the completion of the My Rapid Transit station, as the Bandar Utama sub-station would be integrated with Tower 5 of the office block.

Offices aside, See Hoy Chan will be constructing a four-star hotel to complement its exisiting five-star hotel, The One World Hotel. See Hoy Chan operates on a build-then-sell model to develop all of its properties.

On the residential front, via a balloting process, See Hoy Chan launched the first phase of its zero lot bungalows, The Effingham Place on Jan 19, where nearly all 90 units were taken up. So far, 75 units have been sold, and 11 units have been reserved.

(extracted from Star)

KLCC Property to form stapled REIT

KLCC Property to form stapled REIT

SC gives nod to KLCC Property to form stapled REIT (theedgemalaysia.com, 8th March 2013)

KLCC Property to form stapled REIT

Menara ExxonMobil

Menara Petronas 3

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KLCC Property Holdings Bhd’s (KLCCP) proposal to form a stapled real estate investment trust (REIT) has been given the green light by Securities Commission Malaysia (the SC), subject to several conditions.

It has been reported that KLCCP plans to list the REIT in April, which will turn it into Malaysia’s largest REIT in terms of asset size. KLCC REIT will come with three assets injected into it, namely Petronas Twin Towers, Menara 3 Petronas and Menara ExxonMobil. With an asset size of RM15.4 billion, it will be almost three times larger than the size of Sunway REIT Bhd.

CapitaMalls signs deal with CapitaLand Retail Malaysia Sdn Bhd (CRM) for East Coast Mall in Kuantan

CapitaMalls signs deal with CapitaLand Retail Malaysia Sdn Bhd (CRM) for East Coast Mall in Kuantan

Capitamalls Malaysia Trust has entered into a project management agreement with CapitaLand Retail Malaysia Sdn Bhd (CRM) for the asset enhancement initiative (AEI) works to the East Coast Mall in Kuantan.

AEI works is amounted to RM43.3 million and CRM will receive a fee of 3% of the final contract sum of the works. The related party transaction, expected to be completed by fourth-quarter 2014, this will create additional retail space and enhance the mall’s retail offering.

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The AEI works will include the reconfiguration of space in order to improve the trade mix and sightlines, conversion of car park bays at Level 3 into retail space and the extension of the alfresco area on the ground floor.  

New Launch : Tropicana Gardens Phase 2 – Bayberry Serviced Residence by Dijaya

Tropicana Gardens Phase 2 – Bayberry Serviced Residence is located at Persiaran Surian, Kota Damansara. Tropicana Gardens offers a diverse component of high-rise serviced residence, shop offices, small-office-home-office (SOHO), a 5-level hybrid mall and 12-storey hotel, as well as a cinema. There are also nine blocks of 5-storey semi-detached shop offices, four units of 5-storey office buildings and a 7-storey SOHO tower, weaved together amid lush landscapes in the whole development.

The developer has recently launched the phase one in October 2012 and the upcoming Tropicana Gardens Phase 2 is launched on 8 March 2013. Tropicana Gardens Phase 2 is a 45-storey serviced apartments.

Summary details of this project : 

Total Entire Project Site : 14.64 acres

Tenure: Leasehold (expiring in 2106)

Upcoming launch : Tropicana Gardens Phase 2 by Dijaya

Architect: GDP Architects

Total units : 413

Sizes :

• Studio: 600sf +/-
• 2-Bedroom: 1000 sf +/-
• 3-Bedroom: 1,300 sf +/-
• 3+1 Bedroom: 1,600 sf +/-

Website : http://www.dijaya.com.my/ourprojects/future_commercial_tropicana_garden_intro.php

Review :

Location : Tropicana Gardens is easily accessible via major highways include the New Klang Valley Expressway (NKVE), the Lebuhraya Damansara-Puchong (LDP), the Sprint Highway and the Penchala Link.

Upcoming launch : Tropicana Gardens Phase 2 by Dijaya

Design : The facade is similar to Tropicana Gardens Phase 1 Arnica. The sizes are mostly small sizes units.

Price : The pricings at 1100psf for small units. They have successfully sold out everything in phase 1 at average of RM 800psf. http://bestpropertyreview.blogspot.com/2012/10/new-launch-tropicana-gardens-arnica-at.html

--> My Notes : 

Location is good with established location of Kota Damansara, broad catchment area with mainly 30’s age group.  An elevated Mass Rapid Transit (MRT) station is incorporated with direct linkage to the integrated development for maximum convenience. Choosing a unit for either for own stay or investment will be a good choice.   .