Upcoming launch : Sunway Geo Phase 2, Sunway South Quay by Sunway Group

Sunway Geo Phase 2 by Sunway Group, located at SouthQuay is planning for launch in Q2 2013. It is just next to Sunway Geo Phase 1 and where the South Quay is situated. There are a total of 45 units of 3-storey shopoffices and approximately 300 units flexi suites. It was sold at 9mil - 10mil for intermediate unit and 13mil-20mil for corner units varies according to sizes.

Upcoming launch : Sunway Geo Phase 2, Sunway South Quay by Sunway Group

Land size : 27' x 59' for intermediate unit
Total Unit : 45 units 3/s Shopoffices and 300 units flexi suites
Intermediate unit Selling Price : RM9mil - 10mil
Webpage : http://www.sunwayproperty.com/pd/sunwaygeo_3storey.asp

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Summary details of this project : 

Built-up area : 5600sf - 6500sf for intermediate unit

Tenure : Leasehold

Review :

Location : The project is connected with Malaysia’s First Proposed Elevated Bus Rapid Transit (BRT) – Sunway Line (completing in 2014). This BRT will connect to 2 train stations – Setia Jaya KTM Station and proposed LRT station in USJ. It has direct access from KESAS highway into Sunway South Quay, and easily accessible to all major highways

Design : The facade looks good. Stratified shopoffices , concept similar to Sunway Nexis. This is is a brand new seamless integrated development comprising Retail Shops, Flexi Suites and Residences where people will experience the very best of entertainment, work, and living.

Price : With an approximately 10% higher than Sunway Geo Phase 1, the project will certainly carry the value where it should.

My Notes : 
Location is good, modern and urban design cater to a new generation expectation. Sunway Geo is surrounded by over 7 million sq. ft. of award-winning facilities and amenities offered at Sunway Resort City, Bandar Sunway.

It is surrounded by educational institutions ie. Sunway University, Monash University Sunway campus, Jeffrey Cheah School of Medicines and Health Sciences and Sunway International School; Sunway Medical Centre, Sunway Pyramid and Sunway LagoonTheme Park, Sunway Resort Hotel & Spa are just five-stone away. 

Upcoming launch : Tropicana Gardens Phase 2 by Dijaya

Tropicana Gardens 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 will be launched in mid March 2013. Tropicana Gardens Phase 2 is a 35-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 880psf for small units are at the average of new condo pricing. 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

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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.   .   

Upcoming Launch Plaza Arcadia ParkCity Towncenter Update

The upcoming launch Arcadia in Desa Parkcity was tentatively planned in 1^st half of 2013. This is a first commercial development within the Parkcity Towncenter (approximately 60 acres), Desa Parkcity. Arcadia (Parkcity towncenter) consists of approximately 107 units of 4-storey of retails, offices and SOHOs.

Summary 

Land size : 11 acres
Total units : 107 units stratified  retails, offices and SOHOs

Built-up area : 

• Ground & Mez floors : 3000sf
• First floor : 1700sf
• Second floor : 1000sf
• Third floor : 700sf & 1000sf
• Total of approximately 7500 sq. ft and above

Indicative Selling Price : RM7-8mil

Webpage (towncenter not available yet) : check out the location of Parkcity Townceter at http://www.desaparkcity.com/

Location Plan of Plaza Arcadia 

Review :

Location : It is a strategic location, easily connected to KL, PJ by highways. Desa ParkCity itself is a affluent neighborhood with a good catchment from Mont Kiara, Bandar Utama, Bangsar and etc. 

Design : Not available. 

Price : In view of the recent launches of retail and office is selling at premium pricing of 7 and 8 mil onwards, this indicative price range seems to be at a good entry level. Good discounts and promotion packages are offered to the buyers. 

Remarks : Keep an eye on this first phase of Parkcity towncenter for investment. 

Lend Lease Group Explore potential Shopping Malls in Malaysia

Lend Lease Group, Australia’s biggest developer, plans to expand in Malaysia to make up for a slowdown in residential sales and mining-related infrastructure projects back home. The company is in discussions to invest in about three development projects in Malaysia and expects to complete the first agreement by June 30, Chief Executive Officer Steve McCann said in an interview from Melbourne yesterday.

Lend Lease JV - Setia City Mall 

Lend Lease wants to lower its dependency on the home market to about 60 per cent of earnings in five years from 73 per cent as of December 31, McCann said. Malaysia’s growth exceeded 5 per cent in each of the five quarters through September, outpacing Australia’s average 3.4 per cent expansion in the same period. Lend Lease’s Asian Retail Investment Fund in May opened Setia City Mall in partnership with Malaysian developer SP Setia Bhd.

"Over time, say about five years, we’ll invest more capital overseas," McCann said. "There are a few

encouraging signs in the Australian residential market and there’s a bit more enquiry off the reduction in

interest rates but there won’t be a material turnaround soon in the land subdivision market." The

Sydney-based company’s future developments in Malaysia will be mixed-use projects dominated by retail

space, McCann said. Two of its planned projects in the country will be in Kuala Lumpur and one elsewhere, he said.

Lend Lease in October agreed to jointly develop a 10.9 acre site in a project that will include office, retail and hotel space and homes with Naza TTDI.

Upcoming Shopping Malls in Klang Valley

We always wonder whether there is an oversupply of shopping malls in Klang Valley. Here are some points to be noted all about shopping malls in Klang Valley. As of Feb 2013, there are currently about 210 shopping centres in Klang Valley. There are millions sq. ft. of lettable area will be ready for tenants in 5 years time.   

There are 6 shopping malls that currently in advance stage and will be completing in these 2 years. What are the six shopping malls that completing in 2013? The six include Nu Sentral in KL Sentral, Cheras Sentral in Cheras, KLIA 2 in Sepang, Encorp Strand Mall in Kota Damansara, D’Pulze in Cyberjaya and Market Hall @ Pudu along Jalan Pudu, commanding more than two million sq ft of nett floor space in total.

Encorp Strand Mall with the philosophy of ‘Anything But Ordinary’. The mall will feature a unique combination of boutique-style shopping with premium brand experience, carefully selected group of tenants for entertainment outlets and a multi-tiered security system.

Phase one of IOI City Mall in Putrajaya is set to be the largest mall in the south of Klang Valley with 1.35 million sq ft of nett lettable area. Upon completion in the fourth quarter of 2014, the mall with contemporary architecture will boast 350 specialty shops and four anchor tenants. IOI City Mall designed by RTKL International will have abundance of natural light and offer a view of the 18-hole Palm Garden golf course. The mall will house 80 food and beverage outlets, popular fashion brands, indoor theme park, cinema, bowling centre and a full-size ice rink.

How many more in the pipeline and what are the net lettable area that we are emphasizing on? Below is a tabulation of upcoming shopping in Greater KL more than 1 million sq. ft. : -

Item	Shopping Mall & Location	Net lettable aea
1	KL Metropolis Matrade Retail	11.4mil
2	IOI City Mall, Putrajaya	2mil
3	Boustead Retail Cochrane & IKEA	1.2mil
4	Subang Jaya City Centre	1.2mil
5	Empire City Thematic Malls	1mil
6	PJ Sentral Garden mall & Inddor SKI Area	1mil
7	I-city Mall with Central Group	1mil
8	The Paradigm OUG Shopping Centre	1mil
9	Jalil City Mall	1mil
10	Tropicana Metropark Mall	1mil
11	Tropicana Gardens Mall	1mil
12	Icon City PJ Shopping Mall	1mil

Check out the subsequent updates for more detail on this.

Aspen Bungalows in Garden Residence, Cyberjaya

Aspen Garden Residence

Mah Sing offers RM600k move-in package for Aspen buyers. This includes built-in cabinets for wet and dry kitchens, wardrobes for all bedrooms and landscaping services. The homes are slated for completion in mid-2013.

Aspen Garden Residence

69 3½-storey Aspen houses are the final and most exclusive phase in the Garden Residence development. Each bungalow will come with a lift and 9+1 bedrooms. There will also be a dedicated entertainment floor and a private rooftop garden with outdoor Jacuzzi.

Land size : 60 x 90

B/U area : 7,796 sq ft

Price : RM3.88mil

Webpage : http://www.mahsing.com.my/index.php?option=com_property_details&id=5&tab=2

These freehold homes will come with security features such as perimeter fencing with vibration sensor, CCTV cameras and vehicle access control. Each home will also be equipped with a 16-zone alarm system and intercom system linked to the guard house for round-the-clock security.

The houses will be fitted-out with rainwater harvesting system and solar-powered water heaters. The north-south orientation of the house will help reduce the use of energy while the abundance of glass windows will allow in natural light. 

Aspen Garden Residence

Garden Residence straddles the boundary between Cyberjaya and Putrajaya, and enjoys multiple accesses via various highways. There is an express rail link station close to the project, allowing residents’ easy access to KLIA, while the Maju Expressway (MEX) takes them to Kuala Lumpur city in just 20 minutes.

Garden Residence has an estimated gross development value (GDV) of RM882 million and is designed with a tropical resort living theme. It is the first integrated development featuring landed and high-rise properties, a promenade clubhouse and communal retail amenities in Cyberjaya. It is also designed with a green axis concept that features parks, boulevards, thematic gardens, streetscapes, jogging tracks, running trails and cascading water features.

Previous precincts such as Precincts 1 (Cassia), 2 (Evergreen) and 3 (Jacaranda) have been completed and handed over. 

My View : -

Location : Strategically located between KL City Centre and KLIA and within the Multi Super Corridor in Cyberjaya.
Other good points : 

• Freehold
• Perimeter fencing
• Gated & Guarded with 24-hour security
• Retail amenities
• Clubhouse
• Lush tropical landscaped gardens
• Jogging tracks and running trails
• Green building features
• CONQUAS assessed for quality assurance