Klang Valley Housing Property Monitor (1Q2011)

City&Country: The Edge/CB Richard Ellis Klang Valley Housing Property Monitor (1Q2011)

“What is really moving are the smaller serviced apartments and condos of between RM450 and RM600 psf, which are selling very well. The market has evolved, with more activity in and excitement over smaller units in Petaling Jaya and the Kuala Lumpur suburbs than the KLCC area.



He highlights some potential hot spots for investors — Bukit Ceylon near KLCC; Setapak; Bandar Menjalara in Kepong; and Kota Damansara.
 
GOOD


The 1-storey terraced houses sampled in the monitor show y-o-y price growth across the board, with those in Taman Tun Dr Ismail’s (TTDI) Jalan Burhanuddin Helmi showing a 33.33% rise. The average price for this type of house in the area is RM600,000 now compared with RM450,000 a year ago
The next highest y-o-y price rise of 28% for 1-storey terraced homes was recorded in Bandar Sri Damansara’s SD2, SD3 and SD4 areas. The average price in 1Q was RM320,000 compared with RM250,000 last year.

For 2-storey terraced houses, prices in Bandar Sri Damansara’s SD10 area surged 41.03% from a year ago — the highest growth recorded among the sampled properties.

The values of 2-storey terraced houses in Bandar Utama’s BU12 also recorded a steep rise of 33.93% from a year ago. The average price of the property type in this area was RM750,000 compared with RM560,000 the previous year.



SO SO

Several areas maintained their values in 1Q, such as TTDI’s Jalan Athinahapan and Jalan Datuk Sulaiman; Bandar Utama’s BU1; Bangsar Baru; USJ4 and 6; and Puchong Jaya. Bandar Sri Damansara’s SD7 showed 10% average growth to RM550,000 from RM500,000 the previous quarter.


The high-rises that did not show any growth are TTDI’s The Residence and The Plaza; Mont’Kiara’s Lanai Kiara; USJ’s Goodyear Court; Bangsar’s Cascadium; Sri Hartamas’ Plaza Damas (Mayfair); and KLCC’s Stonor Park.

Da:Mén @ USJ

PETALING JAYA: A new mixed development with a gross development value of RM1 billion is coming up in the USJ area in Subang Jaya, Selangor. The project by Equine Capital Bhd will consist of serviced apartments, shop offices and a mall.

The project, known as da:mén (meaning "the Gateway" in Mandarin), is located at the intersection fronting Jalan Kewajipan and Jalan Subang Permai spanning approximately 8.98ha of freehold land.

The serviced apartments comprise two 23-storey towers complete with a dedicated facilities deck including infinity-edged pools. There are 480 units offering five layout choices with built-up areas ranging from 723 sq ft to 1,100 sq ft. Prices are from RM350,000 onwards.

http://www.equine.com.my/usj_development.html

Equine's RM1b da:mén development

Pacific Place Site Visit, Citta Mall

After 1 years since I bought this property, I yet to receive any progressing billing from the developer, since signed the S&P end last year. This doesn't look right. Decided to visit the site to check out the progress of this project. Below are some photo capture today.

Good news is, there are people working on the site, means the project is not abandon yet :)

Bad news is, the progress is very slow, look like the developer still at land clearing stage, look like the project may delay..

When I drove around this area, notice that The Citta Mall already open for business. So far only few shops open for business. I do hope the Citta Mall management really able to turn this shopping mall into "US Outlets" concept as they claimed.

http://wickinv.blogspot.com/2010/07/citta-mall-ara-damansara.html

24/7 Wall St. has created a new list of brands that will disappear, which includes 

1. Sears
2. Sony Pictures
3. American Apparel
4. Nokia
5. Saab
6. A&W All-American Foods Restaurants
7. Soap Opera Digest
8. Sony Ericsson
9. MySpace
10. Kellogg's Corn Pops

http://finance.yahoo.com/family-home/article/112989/brands-disappear-2012-247

You Want A FREE Home?

Come across this interesting programme, organize by Sime Darby. Something like Big Brother show, you can use your own creativity and renovation experience to win a free home for your self ! So tempted to join, but need to apply 4 weeks leave, and give up ALL contacts with outside world ... :(

Check it out here.

http://www.primeproperty.tv/

YTL Lakefields

The Wharf @ Taman Tasik Prima Puchong

A friend of my share the email he received from Bolton today:

The Wharf is Taman Tasik Prima’s 3-in-1 lakefront commercial development situated on a prime 15-acre parcel and features boutique showroom offices known as BizWalk, serviced apartments known as The Wharf Residence and a state-of-the-art retail mall. It offers an exciting mix of residential, business, retail and leisure centre nestled around a majestic 200-acre lake. Upon completion, The Wharf is envisioned to be a vibrant one-stop “Neighbourhood Lifestyle Destination” in Puchong.


The Wharf development was unveiled in August 2010 and the first component released for sale was BizWalk, 32 blocks of 3-storey boutique showroom stratified offices, with prices ranging from RM2.2 million to RM3.8 million which was completely sold out.

The Wharf Residence (previously known as The Avenue) which comprises of 1,002 units housed within three blocks of 33-storey towers is now open for registration. We anticipate launching the sales of these units in the second quarter of this year. The units are 99-year leasehold upon handover. Sizes range between 818 sq ft and 1,147 sq ft while prices of the units start from RM280,000 indicatively. We have a show unit available for your viewing at our Bolton Studio at Taman Tasik Prima Puchong.

http://www.bolton.com.my/

http://wickinv.blogspot.com/2010/08/wharf-update-1.html

The Impact of Google Guitar

Saw this interesting news. As you know, Google will "re-design" it main page logo on every special occasion. On 9 June, Google created an interactive guitar. This guitar logo attracted millions of people playing with its, and there is report saying cause this creativity cause USD 268 million lost in productivity .

http://www.myfoxdc.com/dpp/money/google-les-paul-guitar-doodle-strikes-right-chord-with-users-but-costs-%24268m-in-lost-productivity-ncxdc-061611

Go and try yourself here, is fun :)

http://www.google.com/logos/2011/lespaul.html

Transforming PJ - RM10bil for redevelopment - StarProperty.my

Remember those fancy photos posted last time? Here ==> http://wickinv.blogspot.com/2010/07/pj-sentral-garden-city.html

The mayor hints today it will be coming soon :)

The urban regeneration programme in Petaling Jaya, which will see redevelopment projects in prime areas over the next five years, is estimated to cost RM10bil, said Petaling Jaya city mayor Datuk Mohamad Roslan Sakiman.

“This is still in the pipeline. It will see new projects comprising hotels, condominiums and other commercial developments,” Roslan said after attending Petaling Jaya’s fifth City Day celebration at Petaling Jaya Stadium.


Roslan was referring to the projects that were being planned by the Selangor Development Corporation (PKNS), which was said to be involved in projects such as PJ Sentral Garden City and PJ Elevated City.

RM10bil for redevelopment - StarProperty.my

http://www.pjsentral.com/about-pjsentral.php

Another Milestone Achieved !

Another good news to Bangsar South residents. First, the relocation of hawker stalls at the entrance of Federal Highway. Progressively relocation of stalls at the end road towards the NPE Highway.

Kampung Kerinchi is transforming :)

http://www.starproperty.my/PropertyScene/PropertyScene/12724/0/0