Millionaire at Denai Alam

Recently met an old friends online, he told me he is millionaire on paper now, because his Denai Alam property have reaching RM1 million mark :)

He bought this corner unit double storey 2-3 years ago, and it is still under construction today, target to VP Aug 2011. However he have receiving call from agents to let go his unit, there is offer of RM950k for his corner unit house. He bought it at RM500k++ few years back.

Personally I visited Denai Alam about 2-3 years ago. At that time, I feel the location is quite far as I go using Guthrie Highway. However the sales agent say government might open up the direct link from Denai Alam to Kota Damansara, which personally I think this "highway" is quite important to solve the "location" factor of Denai Alam.

However look at market nowadays, seem like location is no longer "big issue" for purchaser. Maybe is due to good branding by the developer. Look at Sime Darby, they are capable to turn far far away land like Bukit Jelutong, Denai Alam, USJ Height, Putra Height into million dollar residential area. All their recent launch is selling at million ringgit and above, and people still rush to buy it :)

Property That Target Student Market

Senza @ Bandar Sunway http://dkgroup.com.my/home.html

Nadayu Sunway http://www.mutiaragoodyear.com/dev_u_sunway.html

Transformation

Communication unit to address residents’ concerns - StarProperty.my


SP Setia Sdn Bhd has been picked to redevelop the ageing Seri Johor, Seri Pulau Pinang and Seri Melaka low-cost apartments and the Taman Ikan Emas low-cost homes in Bandar Tun Razak, Cheras.

The Sustainable People’s Housing for Urban Renewal project is part of the government’s urban renewal programme to inject life into decaying and ageing townwhips and slum areas in the Federal Capital.

The project undertaken by the Federal Territories and Urban Wellbeing Ministry and City Hall will see many old low-cost housing projects in the city being redeveloped to provide the urban poor better living conditions.

The renewal programme includes demolishing old low-cost flats and houses and rebuilding units with more rooms and living space that are more conducive and with better facilities, said Nong Chik.
“Other areas proposed for this redevelopment projects are San Peng in Pudu, Kg Kerinchi and Sri Pahang in Pantai Dalam and other areas in the city with flats over 30 years old. “This project is initiated to provide KL-ites with better living conditions and enhance their quality of life,’’ Nong Chik said.

Similar Problem - Residents against proposal to build another highrise condo

Residents against proposal to build another highrise condo

Residents of the Contessa Condominium in Kuala Lumpur are concerned about the impact a proposed hillslope project — on the same lot — will have on the area.

Work was going on daily — sometimes even on Sundays.

“I live in direct view of the lot and I could not even open my windows when all these works were taking place because of the dust and noise,” Willie said.

When I saw this news, this is exactly what happened at Park Residence Condo today too. Currently there are heavy construction work carry out at Camelia side, which is facing the Park Residence Condo directly (especially Block B). This have cause "big issues" to the resident over there as the noise pollution level is totally unbearable and exceeding "acceptable level" according to study conducted on site. Worse is the resident do not even dare to open their window or balcony door, because it is way too dusty.

No doubt the view for KL facing unit is better, however the resident have to bear with the unhealthy noise and dust for at least few years. Imagine how can your kids stand it as they are at home most of the time. Therefore it is very important to ensure the land in front of your future property is not vacant or plan for any development....

However this also means that there is opportunity for those "good negotiator" to hunt for those impacted units now due to this construction issues... :)

Setia City Mall 75% taken up a year before opening

Another City Born. This place going to be on par or surpass Kota Damansara, Puchong anytime soon. In fact, I think it slowly replacing Kota Kemuning as sought after place to live at Shah Alam area...

Setia City Mall 75% taken up a year before opening

KUALA LUMPUR: The Setia City Mall in S P Setia Bhd's Setia Alam township has signed on tenants for over 75% of its net lettable area (NLA) to date. The mall has over 740,000 sq ft NLA. About 160 tenants out of a possible 250 have already signed on a year before the mall's opening.


"Setia City Mall and the central park it is connected to is a key step in achieving our vision for Setia Alam, and when the doors open next year, Setia City Mall will become a vibrant hub of activity for the residents of both Setia Alam and Setia Eco Park," said S P Setia executive vice-president Khor Chap Jen during a breakfast meeting with its tenants on Thursday.

The four-storey mall's anchor tenants include Parkson, Golden Screen Cinemas, Urbanfresh supermarket, Harvey Norman, Fitness First, Courts and Wangsa Bowl.

Transformation at Bandar Tun Razak, Cheras

SP Setia to redevelop Cheras housing area at RM2.8b

PUTRAJAYA (June 3, 2011): Property developer SP Setia Bhd will redevelop the Sri Johor, Sri Pulau Pinang and Sri Melaka low-cost apartments and the Taman Ikan Emas low-cost homes in Bandar Tun Razak, Cheras here at a total development value of RM2.8 billion.

SP Setia's deputy president and chief operating officer Datuk Voon Tin Yow said the first phase of the project would take off next month.

He said this at a press conference after a meeting today with Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin on the proposal to rebuild the housing area.

Nong Chik said the first phase of the project will involve the development of affordable, quality homes totalling 1,255 units. They would be completed in three years.

He said SP Setia would also undertake an apartment housing project in the area for young executives with each unit to cost not more than RM300,000 and with a built-up area of at least 800 ft.

The decision to build quality, affordable homes in the area was made in view of the dire condition of the housing area. The area will be modernised with well built homes as well as public facilities and improved landscaping.
Under the second phase, Nong Chik said the housing developer will also develop a commercial and residential centre which will take between 14 and 15 years in the 53.4-hectare area.

On the number of housing units to be built, Voon said this has not been decided yet. — Bernama

How Does Electricity Bill Hike Impact You?

Recently TNB announce that electricity bill will be increase by 7% this year. How big is this price hike impact to you personally?

Electricity bill in Malaysia is calculated using tier system; the more your electricity consumption, the higher the per unit price. Therefore, this round of price hike will not only impact your monthly utility bill expenses, it will also impact your condominium/apartment.

Electricity bill for a typical condominium in Malaysia will cause around RM15,000 - RM30,000++, depends on the size of the property. With 7% increase of electricity tariff for a RM30,000 monthly bill, it is equal to additional RM 2100 per month, which translated to extra RM25,200 expenses per year !

If this particular condominium account is already in deficit state, this will cause further burden to the management company, which eventually will impact the "quality of maintenance" for this property....

Above sample calculation is real fact that happened to one of my property, this information is share by the JMB to all the owner......

Back to Nature

http://www.planters-haven.com/

Armanee Damai @ Damasara Damai ?

Another death accident at condo....

http://www.chinapress.com.my/node/221632

此案于昨早6時30分許，在白沙羅達邁一間雙層式的高級公寓單位發生。

青年疑上門行竊並毆傷事主后，突然發現警員上門，疑在驚慌下企圖從8樓窗戶逃走，卻不幸失足跌死。　

One@Bukit Ceylon