Temasya Glenmarie (Now launching Temasya Citra Phase II & Temasya Anggun Phase I)

Temasya Glenmarie is a premium new township that sits quietly within a location that's close to everything. Flanked by Subang Jaya, Shah Alam, Kelana Jaya and metro Petaling Jaya, accessibility is a singe. Modern amenities, facilities and attractions are almost literally around the corner but yet the township preserves an oasis of calm because of its low-density. The entire landscaping is for aestheticism, privacy and security, shielding residents from any bustle on the periphery. With the relatively small number of units planned now and into the future, TemasyaGlenmarie offers residents two very distinct advantages: Capital Appreciation and Space (which is evident in the 60-feet wide neighbourhood roads and even a back lane that is 40-feet wide).

The original concept of outer city living

Living on the city outskirts has its obvious appeal. A location that's near to economic and social hubs yet far enough away from the hustle and bustle is a choice for many. The convenience is also a pulling factor, especially the modern and well-developed access and not to mention, the self-containment of many a suburban enclave. The ultimate draw, however, has to be the sheer space available within this outer city living environment. Space that in this day and age, becomes less a luxury than it is a necessity.

Temasya Suria Superlink Homes

The most inspiring feature of this superlink design is space. Suitably set for the extended family, Temasya Suria Superlink Homes also exude a retro feel that will have every generation proudly reminiscing and discovering, hence bolstering intimacy among loved ones. With built-ups measuring between 3,427 sq.ft. and 4,652 sq.ft. buyers need only to decide between space and a lot more space.

Click here for location

Development


This mixed development spans accross 231.18 hectares of land. The commercial and industrial properties are intended for high valueadded activities and businesses generally associated with sales and servicing, logistics and administratio centres. The residential properties are designed for those seeking convenient urban location with excellent connection to major urban areas.

EPF to allot projects in Sungai Buloh by June

By Zaidi Isham Ismail

THE Employees Provident Fund (EPF), which is charged to lead the development of the proposed prime township sited at Rubber Research Institute of Malaysia (RRIM) land in Sungai Buloh, Selangor, is expected to start distributing portions of the long-awaited project by June.

EPF chief executive officer Tan Sri Azlan Zainol said it will start calling for tenders, which are open to all strong property developers in the country to participate in.

"The project is going through some legal issues and then it will go through the bidding process.

"The development will be spread out over several phases and each phase will be around 12.15ha-20.25ha portions for the development of projects from commercial, residential, industrial, affordable housing and shophouses," he told Business Times in an interview at EPF's headquarters here recently.
Previously managed by RRIM, the 1,215ha land was slated for development over the next 10-15 years, as announced in the 2010 Budget , but until now the project has not taken off.

On May 12, 2010, the government had approved the proposal for the development of the Sungai Buloh land by Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the EPF.

The EPF will have a master plan where it will allocate a few parcels and allow property developers to bid for those parcels, of which some parcels will be operated on a joint-venture basis while others may be sold outright via bids.

The development is likely to feature a big linear park, green lungs, open spaces, walkways and water bodies.

It will incorporate information technology and data infrastructure (Multimedia Super Corridor city status) and urban transportation integration.

This development will also house the depot for the upcoming mass rapid transit system.

Dubbed the new hub of the Klang Valley, the development is expected to attract RM5 billion in investments.

http://www.btimes.com.my/Current_News/BTIMES/articles/EPFLUH/Article/

Condo Market Challenging

By ANGIE NG
angie@thestar.com.my | Mar 10, 2012

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PETALING JAYA: With close to 2,600 high-end condominiums scheduled for completion in Kuala Lumpur this year, the outlook for the luxury condominium market in the capital city is expected to be challenging.

“Bank Negara is keeping a close eye on the mortgage loan market on concerns of rising household debt-to-gross domestic product levels and has issued new guidelines to further tighten lending with effect from Jan 1,” said property consultancy Knight Frank, in its Second Half 2011 Real Estate Highlights report.

“This will inevitably have a negative impact on this sector as demand turns cautious with further pressure expected on prices and rentals of high-end condominiums in selected locations and schemes.”
Concurring with the bearish outlook is DTZ Research. In its Property Times Kuala Lumpur fourth-quarter 2011 report, DTZ pointed out that the sizeable number of new condominiums entering the market – about 5,004 units in 2012 and another 4,502 units in 2013 – was expected to put downward pressure on the rental market, especially in the Kuala Lumpur city centre, as a majority of them are in this location.

“The rental market will continue to feel pressure from the significant new supply that will be completed in the next two years. In addition, the economic uncertainty and tightening of credit by banks will contribute to the cautious demand for luxury residential properties,” Property Times added.

The Knight Frank report said during the review period, prices and rentals of high-end condominiums in selected schemes in Kuala Lumpur and the city fringe continued to face downward pressures due the high number of existing supply and new completions as well as a weak leasing market emanating from low occupational demand from local residents and expatriates.

The projects that are scheduled for completion this year include Residensi Kia Peng, The Pearl @ KLCC (formerly known as Stonor 16), Crest Jalan Sultan Ismail, Setia Sky Residences – Phase 1A (Boheme Tower), St Mary Residences, Verticas Residensi (Towers A, B and C), Suasana Bukit Ceylon, 9 Madge, Amarin Wickham, Gaya Bangsar, and Matahari Desa Sri Hartamas.

Recent upmarket condominium projects that have been launched included Verdana @ North Kiara (Phase 1), Icon Residence Mont’Kiara, Mirage Residence, Laman Ceylon, 188 Suites, St John Woods Residence, Rimbun Condominium (formerly known as Amphill Residence) and Platinum Suites – Phase 1 of Platinum Victory Face project.

Other projects in the pipeline during the first half of this year include serviced apartments project KL Trillion, Royce Residence, SoHo units @ Arcoris Mont’ Kiara (formerly known as MK 20) and Damansara City 2 serviced apartments.

In the primary market, developers continued to offer attractive incentives such as rebates, discounts and a limited period of free maintenance fees to drive sales.

There was also a notable shift with more sales and leasing activities in the city fringe and suburban areas evident from several successful previews and launches of high-end condominiums at new benchmark prices commensurate with higher building specifications and improved level of facilities.

i-City development, phase two

THERE will be a second phase of development at i-City where the project owner, I-Berhad, will be rolling out more products this year for investors.


According to I-Berhad marketing director Monica Ong, the firm will introduce its first residential project at i-City, dubbed i-Residence.

It will comprise 346 serviced apartment units in a 33-storey block and duplex villas worth a combined RM250 million.

I-Berhad will also roll out the construction of a one million sq ft mall with four towers sited above it. The towers will boast of cyber office suites, corporate towers, small office/home office, serviced apartment and retail, and small office/versatile office-cum-hotel.

The first projects due for launch on March 23 are the serviced apartments and the villas.

"We reckon that sales are going to be positive looking at the registrations," Ong told Business Times.

The serviced apartments are priced from RM465 per sq ft or between RM365,000 and RM699,000 each, for built-up of 700 sq ft and 1,300 sq ft.

The 20 units of villas, which come in 10 five-storey blocks, will be priced above RM1 million with the units ranging from 2,800 sq ft and 3,800 sq ft.

All the units will be fitted with air conditioners, water heating systems and kitchen appliances.

Being part of the MSC Cybercity, the residences will also get to enjoy dual source power supply, a multi-telco environment and super broadband accessibility, Ong said.

"i-Residence is a product you can compare to Mont Kiara in terms of the design and finishing. You can't find such a product in the immediate vicinity. We have buyers looking to buy for their personal investment, rental income or own use.

"The properties are also attractive in prices. They are not as high as Subang Jaya, where properties are transacting at above RM600 per sq ft. So there is high value appreciation here," Ong claimed

Source :http://www.btimes.com.my/Current_News/BTIMES/articles/IBHD133/Article/index_html

Naza TTDI Dualis Equine Park PHASE II

TTDI DUALIS is a prominent new Business and Retail Centre which is set to invigorate Seri Kembangan’s business and commercial market. With its modern and cutting-edge concepts TTDI DUALIS incorporates essential pinnacle for expansion. It is strategically located in the promising development of Equine Park, Seri Kembangan which has been identified as a high-growth area due to dense nearby township and great highway connectivity. With the great response from the first phase, TTDI DUALIS Business Centre is now extended with the awe-inspiring TTDI DUALIS Phase II.

For more info, click here

MRT will boost property prices

By SHARIDAN M. ALI
sharidan@thestar.com.my

PETALING JAYA: The proposed mass rapid transit (MRT) system is expected to be one of the main contributing factors to boost property prices adjacent to the MRT stations.

CB Richard Ellis (M) Sdn Bhd executive director Paul Khong said the MRT stations generally had a positive impact on nearby property values in most cases.

“Being next to the station works well for lower and middle-end residential neighbourhoods and all commercial offices or retail malls. This basically translates to better public transportation and enhanced accessibility to the relevant vicinities,” he told StarBiz.

“The MRT will benefit the lower to middle-end users the most and it makes travelling faster, cheaper and much easier.”

On the expected quantum capital appreciation due to the MRT stations, Khong said it could be 10% to 15%.

“More importantly, the MRT station must be less than a 1O-minute walk from the properties. Ultimately, being next door and within five minutes away will be a premium.

“Anything more will give less impact in terms of capital values,” he said. “Being next to a MRT station could be the main selling point for a new project, be it a commercial or a residential one. A good example will be Menara UOA in Bangsar.”

But, Khong said, the property prices could be affected if it was alongside the MRT tracks and not the station. “The crucial point is to be close or next to the station if possible,” he said.

The RM36bil MRT system proposal by Gamuda Bhd and MMC Corp Bhd will have up to three main lines. The first line will run through Sungai Buloh, Kota Damansara, Kuala Lumpur and Cheras (right up to Kajang).

The second line will connect Sungai Buloh, Kepong, Kuala Lumpur and Serdang, while the third line will loop around Kuala Lumpur’s business district – providing a link between the monorail and light rail transit (LRT) services.

The Gamuda-MMC proposal is currently undergoing technical study by a consultant and should be completed by mid-month to be presented to the Government.

At this point in time, there is no information on the exact locations of the proposed MRT stations.

According to property consultancy Khong & Jaafar Sdn Bhd managing director Elvin Fernandez, most of the areas around the LRT stations have been developed and it is axiomatic that accessibility would improve property values.

“But the impact wouldn’t be immediate as the MRT will take time to complete and the effect will be evident only from details of the exact positions of the rails and stations filtering into the market in time to come,” he said.

Based on preliminary details of the MRT, Fernandez said the Sungai Buloh area (the Guthrie Corridor townships) and the proposed Rubber Research Institute Malaysia developments could be among the first beneficiaries because both lines were expected to start from there.

“Kajang and Seri Kembangan are the next areas to flourish as they are on the other end of the line. Additionally, the Cheras corridor also has good prospects,” he said.

Nevertheless, Fernandez said, some developments might be negatively affected, especially residential developments, due to the noise or congestion if they were close to the rail lines or stations.

“But generally, the MRT should bring positive effects to the nearby areas,” he said.

According to a market source, another area that would have potential based on the proposed MRT system was the Kota Damansara corridor.

“The Kota Damansara corridor includes Kota Damansara, Mutiara Damansara, Damansara Perdana and The Curve. Business and financial districts along Jalan Raja Chulan, Jalan Bukit Bintang and Suria KLCC also have good prospects,” said the source.

source http://biz.thestar.com.my/news/story.asp?file=/2010/10/7/business/7164265&sec=business

9 Bukit Utama--Launching Tomorrow 10.10.2010

BU Development Sdn Bhd is launching 9 Bukit Utama development on the 10th October. There area four types available A1 (2286 sq ft), A2 (2328 sq ft), Premier Twins (4719 sq ft) and Penthouse (7547 sq ft).

For more info visit www.bukit-utama.com.my/