S P Setia Bhd's Setia Alam pricing homes in on KL's
• The 2,500-acre BSA (Setia Alam) township was launched in 2004. The price of linkhouses measuring 18x65 ft has appreciated from RM170k to RM280k while those measuring 20x70 have gone up from RM220k to RM380k. Shopoffices launched in 2004 at RM800k are now transacted at RM1.2m.
• The 50%-owned 791-acre Setia Eco Park, which is next to BSA, is 35% developed. Semi-Ds of 3,000 sq ft built-up are now transacting at RM1.3m compared to their 2006 launch price of RM720k. Slightly more than 1,000 homes have been developed. In a launch on 8 Aug, 74 semi-Ds priced from RM1.7m enjoyed a take-up rate of 60%. (Seem like High End property appreciate much faster than ...)
• BSA has been a hive of activity in recent weeks. On 31 Jul, 76 double-storey links priced at RM518k achieved 93% take-up while 64 semi-Ds (built-up from 3,005 sqft) priced at RM968k were fully sold. On Aug 7, 52 semi-Ds (built-up from 1,749 sqft) with price tags of RM450k were all taken up while 60 three-storey semi-Ds (built-up from 4,663 sq ft) priced at RM1.6m were 75% sold.
• The 250-acre Setia City will see the completion of the 700,000 sq ft Setia City Mall in 1Q2012. Anchor tenants are Golden Screen Cinemas and Parkson. Setia City will also include SP Setia’s new HQ, a medical centre, colleges, office buildings, condominiums and possibly a hotel. Two commercial lots next to Setia City Mall have been sold to Khind Holdings and Top Glove.
• SP Setia is planning to build condos adjacent to Setia City Mall. It is looking at units measuring 800-1,000 sq ft, with an indicative price of RM500 psf (Crazy, this place also selling at RM500psf !). Also in the planning stages is a convention centre with a capacity of 150-200 tables.
The total GDV of the township is RM17bn – RM7bn BSA, RM3bn Setia Eco Park and RM7bn Setia City. Only RM3bn (RM2bn BSA and RM1bn Setia Eco Park) has been developed. It will take another 8-10 years to complete (Means still got room to grow??) and should remain the group’s main contributor for many more years.
Tuesday, August 17, 2010
Monday, August 16, 2010
Al-Hidayah offers wide office spaces in Olive 108@Ampang
Another new launch at Ampang, very close to Mah Sing M-Suites project. Below are some highlights of the news:
The RM920 million-project will comprise two phases.
For the first phase, there are three condominium blocks, two of which are 20 storeys high while the third will be 10 storeys.A total of 242 condominium units will be housed in this phase, with sizes ranging from 1,970 sq ft to 2,454 sq ft and would be priced at an average of RM750 psf.
Meanwhile, the second phase would feature a serviced apartment block and a Grade-A office tower, each 20 storeys high and standing on a three-storey podium.In this phase, 210 units of serviced apartments have been planned, with sizes ranging from 750 sq ft to 1,500 sq ft, and would be priced at an average of RM900 psf.
For the first phase, there are three condominium blocks, two of which are 20 storeys high while the third will be 10 storeys.A total of 242 condominium units will be housed in this phase, with sizes ranging from 1,970 sq ft to 2,454 sq ft and would be priced at an average of RM750 psf.
Meanwhile, the second phase would feature a serviced apartment block and a Grade-A office tower, each 20 storeys high and standing on a three-storey podium.In this phase, 210 units of serviced apartments have been planned, with sizes ranging from 750 sq ft to 1,500 sq ft, and would be priced at an average of RM900 psf.
City&Country: Bluwater Estate offers resort-themed bungalows
City&Country: Bluwater Estate offers resort-themed bungalows
Bluwater Estate, a 247-acre green township development by Bluwater Development Bhd, is gradually taking shape in Seri Kembangan, Kuala Lumpur.
Other upcoming launches at Bluwater Estate include 108 units in the link-house precinct called Blu Constellations in 3Q this year. The semidee precinct, which has yet to be named, is scheduled to be launched early next year.
You may view the company official website here.
Bluwater Estate, a 247-acre green township development by Bluwater Development Bhd, is gradually taking shape in Seri Kembangan, Kuala Lumpur.
Other upcoming launches at Bluwater Estate include 108 units in the link-house precinct called Blu Constellations in 3Q this year. The semidee precinct, which has yet to be named, is scheduled to be launched early next year.
You may view the company official website here.
Sunway Velocity Open For Registration
V Residence is the residential segment of Sunway Velocity that offers modern living lifestyle to those who appreciate quality city living. With its modern design and lifestyle facilities, V Residence’s service apartment is your personal sanctuary after a hard day’s work. Connected by an environmental deck, residents can enjoy the convenience of F&B outlets and shopping. There is also a good transportation network as the LRT, buses and taxis are easily accessible within close proximity. Life will never be the same with V Residence in Sunway Velocity!
- 18 storeys with 264 units of service apartments
- Unique concept – cluster and floating bungalow style layout design
- Hip lifestyle – with a lifestyle shopping mall and retail precinct at your door step
- Ample space for everyone – spacious 2, 3 & 4 bedrooms apartment to choose from
- Eco friendly – designed to achieve the Singapore BCA Green Mark status
- Safe and secure environment – 24-hours security, CCTV & card access
V Retail comprises a lifestyle shopping mall in Phase 2 and retails lots under Phase 1A as mentioned above. The lifestyle shopping mall will provide the best shopping, dining and entertainment offerings to meet the needs of every member of the family. Additionally, the retail lots enjoy a wide and visible frontage with a modern and contemporary design. It is also strategically located next to the lifestyle shopping mall to attract a larger crowd.
Overall, the concept of Sunway Velocity is designed to allow residents to experience a completely modern and contemporary lifestyle where everything is within reach in one destination. This is made possible as residential and commercial spaces have been designed to integrate harmoniously together.
- Lifestyle Shopping Mall – Phase 2
- Owned and managed by Sunway City Berhad
- Gross Floor Area 1.3 million sq ft
- Conveniently linked to all phases via the environmental deck
- Retail Lots – Phase 1A
- Only 12 units
- Double frontage – facing Jalan Peel and environmental deck at level 1
- 7 units of retail lots below the service apartments on the environmental deck
- Modern and contemporary design
- Just steps away to the lifestyle shopping mall
V Office comprises office suites which have been designed to meet the needs of business professionals seeking a modern, conducive and comfortable working environment. The unique selling points include the extensive use of full-height glazing windows for greater visibility and good inter-connectivity with the other components via the environmental deck. With this prestigious address, V Office is an attractive choice for those seeking greater business and investment opportunities.
Overall, the concept of Sunway Velocity is designed to allow residents to experience a completely modern and contemporary lifestyle where everything is within reach in one destination. This is made possible as residential and commercial spaces have been designed to integrate harmoniously together.
- 112 units office suites
- Modern and contemporary design which allow ample natural lighting
- Convenient access to the lifestyle shopping mall
- Exclusive roof top duplex office design
- High speed broadband infra-ready
Sunday, August 15, 2010
Real concerns ahead? - StarProperty.my
Real concerns ahead? - StarProperty.my
THE surge in property prices has created a fresh avenue for investors wanting to make big bucks, but it is also creating a huge future problem that if left unchecked, can spell trouble for households, banks and the overall economy.
Housing loan repayment periods have gone from 30 years to up to 40 years, and home buyers can now take loans up to the age of 70, way past their retirement age.
Also, the innovative loan schemes that require smaller downpayments – 5% or even zero payment – has allowed buyers to make huge returns.
To address this, maybe Bank Negara, taking a cue from what China has done, will need to look at instituting more stringent requirements for housing loans.
One suggestion is to impose higher downpayments, based on percentages on a rising scale, for people buying second, third or more houses.
THE surge in property prices has created a fresh avenue for investors wanting to make big bucks, but it is also creating a huge future problem that if left unchecked, can spell trouble for households, banks and the overall economy.
Housing loan repayment periods have gone from 30 years to up to 40 years, and home buyers can now take loans up to the age of 70, way past their retirement age.
Also, the innovative loan schemes that require smaller downpayments – 5% or even zero payment – has allowed buyers to make huge returns.
To address this, maybe Bank Negara, taking a cue from what China has done, will need to look at instituting more stringent requirements for housing loans.
One suggestion is to impose higher downpayments, based on percentages on a rising scale, for people buying second, third or more houses.
Thursday, August 12, 2010
Homes becoming too costly for the average Malaysian
Some news from TheStar today: Homes becoming too costly for the average Malaysian
Wednesday, August 11, 2010
Latest launches of semidees in Setia Alam see strong sales
Latest launches of semidees in Setia Alam see strong sales
Been to the sales office of Setia Alam last Saturdays afternoon (SP Setia call it Welcome Center instead), saw a few properties for sales, but mostly sold out. After reading the news today, only know they have official launch that morning....what a co-incident. Anyhow all good units were snapped up by the time I was there.
Personally I see this area, Setia Alam, Setia Eco Park as very potential area. As the master plan is driven by a prominent property company - SP Setia. SP Setia not only build houses, they actually build a township.
You may notice two trends below
- More and more shops, schools and commercial area is open at this area
- More and more people including few of my friends have chosen this place as their home
Personally I have been to this place few times, since the inception of the idea few years ago. I still remember that time, a semi-d at Setia Eco Park is only selling at RM600k. And now? Worth million :)
For those who interested, you may try to queue for the next launch below:
"On the next property launch that can be expected at Bandar Setia Alam, Tan said 44 units of 2-storey linked semi-detached homes called Dipteris would be launched soon. The indicative pricing for the development is RM1 million."
Been to the sales office of Setia Alam last Saturdays afternoon (SP Setia call it Welcome Center instead), saw a few properties for sales, but mostly sold out. After reading the news today, only know they have official launch that morning....what a co-incident. Anyhow all good units were snapped up by the time I was there.
Personally I see this area, Setia Alam, Setia Eco Park as very potential area. As the master plan is driven by a prominent property company - SP Setia. SP Setia not only build houses, they actually build a township.
You may notice two trends below
- More and more shops, schools and commercial area is open at this area
- More and more people including few of my friends have chosen this place as their home
Personally I have been to this place few times, since the inception of the idea few years ago. I still remember that time, a semi-d at Setia Eco Park is only selling at RM600k. And now? Worth million :)
For those who interested, you may try to queue for the next launch below:
"On the next property launch that can be expected at Bandar Setia Alam, Tan said 44 units of 2-storey linked semi-detached homes called Dipteris would be launched soon. The indicative pricing for the development is RM1 million."
Tuesday, August 10, 2010
IKEA at Cheras/Ampang ?
View the details here...
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