Malaysia Property

NUCLEUS @ Mutiara Damansara, Who say Surian Residences is the last?

Boustead Properties, the developer of the Mutiara Damansara township in Petaling Jaya is planning a mixed development called NUCLEUS on a 10-acre site at its main commercial centre next to The Curve shopping mall.

Nucleus will have a floor area of about 1.4 million sq ft comprising corporate offices, serviced apartments, SOHO and retail outlets housed in eight blocks of high-rise buildings and one low-rise.

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I think preliminary ground works has started?? Can't confirm.

But don't be despair when Surian Residences have its ballot tomorrow (July 3, 2010)

Note: If you find the image above somewhere, that is probably originated from me then distributed by passerbys without acknowledgement. But anyway, I got it from somewhere did not acknowledged it too =p

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The Sanderson @ Bukit Serdang, located besides Villa Pavillion

this f/h 8-acre development is located besides the villa pavillion and behind tpm. there will be a pedestrian access to tpm which is a short walking distance away. its listed as condo not service apt so the won't be any shoplots. just like villa pavillion, there is no direct access from the h/w but one has to pass thru the light industrial factories.

the sanderson comprises of 3 blocks with similar types n sizes contained in each block. total units = 376.
block A: 19-storey type A b/u 1400sf
block B: 16-storey type B b/u 900sf
block C: 5-storey type C: b/u 1400sf n 1600sf

there r also penthouses available with b/u of 3370sf.

price starts from an affordable rm220k or rm245 psf for the 3-bedroom 900 sf unit.

expected to launch in sep 2010

for registration:
Newfields Property Management Sdn Bhd
Suite 17.1, Level 17, Menara Weld, 76 Jalan Raja Chulan, 50200 Kuala Lumpur
Phone: +603 2031 2888 Fax: +603 2031 1998
http://www.newfields.com.my/

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platinum victory phase 4, pv

hi…i'm interested to buy platinum victory phase 4 for investment…what should i do after i pay rm1k for the booking ?

Cascadia Lake Vista, 3-Storey Townhouse, TTP, what do you think?

Cascadia Lake Villa Townhouse @ Taman Tasik Prima Puchong

Developed by Bolton.

how do you all think of this new development??

thks

Foreigner buying property in Malaysia, Please help me choose what to buy

Hi everyone,

I live in Australia and this month I'll be travelling to KL, Malaysia with the intention to buy an investment property in Selangor. I'm not Malaysian and this will be my first property purchase. Some international property books say Malaysia is the best emerging economy to invest in. I have read two of Renesial Leong's Property Jewels books.

Initially I was looking at targeting student accommodation in Bandar Sunway, Petaling Jaya or Subang Jaya, but this year the government changed the purchase price for foreigners to a RM500,000 minimum.

I'm looking for positive cash flow properties with:
* a capitalisation rate of 8%
* a return on investment of 15%
* an occupancy rate of 80%

In taking a tenant targeted approach, could anyone please advise me on:
1. Target tenants I should be looking for given the minimum purchase price of RM500,000? E.g. expats, office workers, etc.
2. The type of property those tenants usually rent, e.g. apartment, semi-detached, etc.
3. The areas those tenants are abundant, e.g. Bandar Sunway, Petaling Jaya…

I would really appreciate your input and thank you in advance for your help. biggrin.gif
And please explain any abbreviations used, e.g. bbb, cf, etc (I have no idea what they mean)

The Sanderson – Rustic Luxury in Urban Setting

Established in 2002 the Newfields Group has ventured into the property development scene in 2004. They started with the Puchong Gateway, its phase 1 already complete since April 2009, and phase 2 in the process of completion. At the moment, another project of theirs would soon be launched in Sept 2010 – The Sanderson.

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Armanee Terrace II- Convenient Location

The Armanee Terrace II is one of the projects within this triangle that is aimed at a niche market that can afford the price of a 2-storey duplex condominium. There are a total of 518 units available, in a size much larger than its predecessor Armanee Terrace I – around 2000 – 4000 sq. ft. for each unit. Average cost for a single unit ranged from RM831,100 – RM3,618,500. The project will be completed in around June 2011.

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1120 Park Avenue – Affordable Avenue

The 1120 Park Avenue is the affordable residential unit; some refer to it as a medium-cost condominium, others prefer to see it as a serviced apartment. The residential titled building sits upon 12 acres of land, with 1120 units available, with a leasehold tenure of 99 years, starting from its completion date, which is expected to be in 2013 Dec. The price range for each unit is between RM160,000 to RM265,000, depending on your type of unit.

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Featured:

UEM Land plans RM4.5b developments


UEM Land Holdings Bhd said it was planning to launch three residential projects worth over RM4.5 billion in phases starting from the end of this year.

The projects are Nusa Bayu, a 103ha mixed-residential development worth RM700 million and a 35-storey residences and 20-storey commercial tower on 1.3ha fronting Puteri Harbour, a waterfront development.

UEM Land managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim said in an interview with Business Times recently that the estimated gross development value (GDV) for the residences and commercial tower, including two building currently under construction, is RM387.9 million.

Nusa Bayu will offer 4,942 double-storey terraced homes, shophouses, and medium- to low-cost apartments. Some 673 units will be launched this year.
Its most expensive project is Northern Estuary, a 154ha high-end, low density and sustained eco-living residential development worth RM3.5 billion.

The project, an extension of Puteri Harbour, will offer 3,016 garden and seafront villas, semi-detached houses, townhouses and low- and high-rise condos.

It will house a retirement village, a neighbourhood centre, an international school and a clubhouse.

“We have recorded encouraging sales in all our direct development projects, as proven by our average take-up rate of 76 per cent as at June 30 2010,” Wan Abdullah said.

Its ongoing residential projects include East Ledang, Horizon Hills, Ledang Heights and Nusa Idaman.

He said Horizon Hills and Nusa Idaman had achieved take-up rate of 75 per cent and 79 per cent, and GDV of RM4 billion and RM790 million, respectively.

Other ongoing developments at Nusajaya, besides the housing projects, are Puteri Harbour, Kota Iskandar, the Southern Industrial and Logistics Clusters (SiLC) and Afiat Healthpark with a combined GDV exceeding RM5.2 billion (land sales only).

“All the projects are progressing well towards achieving ‘tipping point’ in 2012, when all the necessary ingredients within Nusajaya will be in full force. We have achieved so much in the past few years,” he said.

By Business Times


Dijaya plans RM1.2b high-end projects by year-end


Property developer Dijaya Corp Bhd aims to launch four new high-end projects worth RM1.2 billion before year-end as it is bullish on the market, its chief said.

Dijaya plans to launch its Casa Tropicana condominium and Tropicana Avenue office development at Tropicana Golf and Country Resort in Petaling Jaya, Selangor, within the next one month.

Casa Tropicana has 296 units worth RM138 million or more than RM400,000 each, ranging from 986 sq ft to 1,400 sq ft.

Tropicana Avenue, worth RM336 million, comprises 442 offices. Sizes start at 885 sq ft and each office is priced at RM400,000 onwards.

Dijaya managing director Datuk Tong Kien Onn said the two projects have received overwhelming enquiries from buyers including foreigners.
“We expect the projects to do well. There are discerning buyers who want to put their money into properties as an investment,” Tong said in an interview with Business Times.

Tong said the company’s recent launches namely, Grand Villas and Pool Villas at Tropicana Indah Resort Homes in Petaling Jaya enjoyed good sales.

In May, Dijaya launched Grande Villas, comprising 12 bungalows worth RM61 million. One third has been sold, with each unit being priced at RM5.5 million onwards.

A month later, it launched Pool Villas, which are 54 units of semi-detached homes worth RM194 million or from RM3.6 million each. A few units have been taken up.

Tong said by December it will launch Tropics @ Sg Long in Cheras, where it has 10.7ha of land.

He said the project will comprise semi-detached homes, zero lot and link houses worth over RM200 million.

Also in December, Dijaya will launch Phase One of Tropicana City@Danga Bay, its RM3.8 billion integrated waterfront flagship project in Johor.

Phase One will feature some 700 units of upper middle serviced apartments in three blocks, worth RM600 million or more than RM600 per sq ft each.

By Business Times


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