Suasana Bangsar is the promising new development by United Malayan Land Bhd (UMLand) that is set to ingrain another success for the company in the affluent neighbourhood of Bangsar.
Location
Set in the heart of major city landscapes, Suasana Bangsar (SB) is the latest high-end residential condominium development to join a long list of exclusive and established developments in the Bangsar area. Accessible from Jalan Maarof, turning left onto Jalan Tanduk and adjacent to the existing Bangsar Heights Condominium, SB sits elevated at the junction of Jalan Kaloi and Jalan Kurau, with panoramic views of its surroundings including Mid Valley City, Bangsar, KL Sentral and Petaling Jaya. For frequent travellers or commuters, the Bangsar LRT station and KL Sentral Station are nearby, allowing convenient access to KL city centre or the KLIA.
The address of Bangsar is deemed a worthy investment not only because of its upmarket neighbourhood but also because land supply is limited within this area and new developments are few. While surrounded by lush greenery, it never loses the downtown excitement with an abundance of entertainment and shopping, i.e. Mid Valley City, Bangsar Village and Bangsar Shopping Complex within minutes away. The watering holes along Jalan Telawi and its neighbouring streets are favourite hot spots for nightlife haunts offering a large selection from restaurants to pubs, bars and cafes. The numerous amenities such as banks, supermarkets and laundry services are also within close vicinity.
Facilities & Amenities
SB offers an urban and comfortable living experience, with a comprehensive range of facilities that promises to fulfil the needs of individual residents. A spacious modern lobby area greets residents while its chic and modern designs are created to offer a welcoming ambience as they step into their home.
The beautifully landscaped recreation deck offers lavish facilities that include a glass-encased gymnasium, a cascading infinity pool, poolside deck, garden landscapes, and beautiful water features that blend into a modern and relaxing environment. Other features include a pavilion, barbeque area, children’s playground and a multi-purpose room which are great for quality time spent with families and friends. Along with an indulging spa pool and sauna room, SB aims to offer relaxation and comfort in the heart of urban living, be it for individual residents, couples or families.
Built-up Area
SB is a low-density freehold development with only 190 units set in a 26-storeys tower. Each standard floor has 8 units with 5 lifts to service the residents. The typical unit is a choice of 2, 3+1 or 4+1 bedrooms types, with sizes ranging from 1,112 sq. ft. and 2,147 sq. ft. The various selection of unit types allow for flexibility, meeting the needs of different lifestyle demands, whether it is working professionals, couples or families with children.
The 6 units of penthouses and duplexes are situated on the top floors. They are available in 4+2 and 5+2 bedrooms. Units range from 3,845 sq. ft. to 4,892 sq. ft., offer a deck and spa pool with a luxurious touch. However, the winning feature is the panoramic views of its surroundings; the epitome of sophisticated city lifestyle.
What sets SB apart from other residential condominiums is its high ceiling feature, which facilitates good ventilation and spacious comfortable living. Each unit will also be specified with European sanitary fittings. In keeping with a high standard of excellence, the development is designed to conform to the seismic force in reference to UBC 1997 (American Uniform Building Code) Zone 1, ensuring residents a safe haven.
The development is now more than 50% completed and should be ready by the end of year 2010, which is well ahead of its initial schedule.
The Developer
UMLand Bhd has proven itself as a well established developer with a wide-range of experience in building successful townships and niche projects. Its track record includes Suasana Sentral Loft and Seri Bukit Ceylon in Kuala Lumpur, whereas the township developments are Bandar Seri Putra in Bangi, Bandar Seri Alam and Taman Seri Austin in Johor. UMLand is consistently acquiring and entering in joint venture developments to boost its core business activity
Source from thestar.com.my
DEVELOPER Mines Excellence Golf Resort Bhd will build three five-star hotels within its RM3 billion Mines Golf City development in Bukit Beruntung, Selangor over the next three to four years.
Founder Tan Sri Lee Kim Yew said it is looking to set up a boutique hotel, a wellness hotel with golden standards and a hotel for golfers for more than RM300 million.
Lee said he is also keen to establish a university designed for golfers and a health clinic and spa.
"My aim is to turn Mines City into a world-class destination for golfing and for health tourism," Lee told Business Times in an interview in Kuala Lumpur recently.
"I want to set up a few golf and wellness hotels in Malaysia and it would be ideal to have two in Mines City," he said.
Lee said he is ready to talk to boutique hotel and spa operators who are keen to set up shop at the golf resort.
The 840ha Mines City is being developed by Mines Golf City (MGC) Sdn Bhd, a 70:30 joint venture between Mines Excellence and Country Heights Holdings Bhd, in which, Lee, has a 48.1 per cent stake.
MGC will develop a 63-hole golf course on 320ha, which would be Malaysia's largest, and build townhouses, 500 bungalow lots, an equestrian and driving academy, schools, sports facilities, food outlets and parks on the remaining land.
Lee said construction on Mines City will commence in early 2010 after it gets approval from the local council to develop the golf course.
MGC has completed the piling work and signed up Swedish golfing superstar Annika Sorenstam to design the first 18 holes and South Korea's Se Ri Pak, the next round of 18-holes.
Lee said MGC is in talks with other golfing superstars to design the remaining 27-holes.
"There is a big business in golf. In the US, there are over 20,000 golf courses and more than 90 per cent are successful. There will be a big Japanese and European market for Malaysia going forward because of Sorenstam and Pak," Lee said.
Meanwhile, Lee, who was CHHB group managing director but relinquished his position last year to focus on golf, said there is scepticism from the market on whether he would finish developing Mines City.
"There is scepticism on whether I would be able to do it. A few years after I started Mines Resort City in Seri Kembangan, recession hit. People started talking. But I completed it in five years," Lee said.
Mines Resort City consists of seven components including Palace of the Golden Horses, Mines Wellness Hotel (previously Palace Beach & Spa) and Mines Waterfront Business Park, built from 1993 to 1998.
"MGC is free from encumbrances. If banks want to support the Mines City development, I am more than willing to talk to them. Right now, I am self-funding the project," said Lee.
Source from btimes.com.my
The luxurious home of your dreams is now a stunning reality. Sitting on freehold land located in one of Kuala Lumpur’s most prestigious and exclusive address, Kenny Hills, Tijani 2 North is a majestic condominium development designed for the most discerning of buyers.
Location
Strategically located in a premium residential haven, it grants easy accessibility via Jalan Tunku Ismail, Jalan Duta, Jalan Mahameru, Jalan Parlimen and Jalan Kuching. Within minutes of drive away are established amenities such as The Tun Razak Hockey Stadium & Sports Complex, as well as the Bangsar and Hartamas Shopping Centres.
Built-up Area
Tijani 2 North is a low density development comprising only 70 duplex units and 84 condominium units all spread over 7.4 acres – a density of only 21 units per acre. The built-up area of the condominiums and duplexes ranges from 2,827 to 5,644 sq. ft. With four contemporary designs to choose from, there is a unit to cater to each potential buyer. Prices for the homes range from RM2.5 to RM5.4 million.
Specifications
Designed with the residents’ comfort in mind, every minute detail is not being compromised in the planning of its grand interiors; from its finely crafted fixtures to the imported marble flooring, en suite bathrooms for all bedrooms and Jacuzzi in the master bathroom. Additionally it also comes with good finishes and quality fittings such as air conditioners for the whole unit (excluding the maid’s room), kitchen cabinets with hob, hood and an electric oven.
Facilities & Amenities
With all its incredible elements surrounded by lush landscaping and water features, it is a pre-requisite for exclusive living privileges. Tijani 2 North residents can enjoy the resort-styled clubhouse which comes with comprehensive facilities including gymnasium, squash court, reading room, game room, wine and cigar room, function hall, management office, sauna and spa with Jacuzzi. Outdoor facilities include a swimming pool, wading pool, tennis court, half-sized basketball court and children playground.
The development has been designed with a 3-tier security system which offers residents enhanced security and a valuable peace of mind. Each condominium unit is allocated with 3 car park bays and a private lift lobby while the penthouse units come with their own private pavilion as well as a private swimming pool.
The Developer
Developed by Tijani (Bukit Tunku) Sdn Bhd, a subsidiary of Bolton Berhad; Tijani 2 North is an excellent embodiment of a well-located and well-designed property with top notch facilities and features. Bolton Berhad is well-known for creating quality living and commercial projects since 1964. Among the many prestigious developments are Campbell Complex (KL City Centre), Tijani (Kenny Hills), Taman Tasik Prima (Puchong), D’Mayang Condominium (KL City Centre), Langkawi Fair (Langkawi), Lavender Heights (Senawang), Bandar Aman Jaya (Sungai Petani), Parkrose Condominium (Bangsar) and Taman Seri Telok Emas (Melaka).
Source from thestar.com.my
HIGH-END property developer DNP Holdings Bhd, which could be rebranded into Wing Tai Malaysia in the near future, is poised for a quantum leap in profits.
For the year ended June 30 2009, DNP posted a net profit of RM14 million, but DBS Group Research forecast net profit could soar to RM114 million by the 2012 financial year.
For the year ending June 2010 and 2011, DBS forecast a net profit of RM51 million and RM78 million respecitively.
DNP is 54 per cent owned by Wing Tai Holding Ltd, a Singapore public-listed company which has created a niche reputation as one of the island state's top high-end residential developers.
DNP's second largest shareholder is former banker Chua Ma Yu, who owns 2.83 per cent of the company as at end-September last year.
The report said DNP has been marketing its KL high-end segment under the umbrella of Wing Tai Asia, to help ride on its parent's strong brand name.
"We do not discount the possibility of DNP being rebranded in the near future," Mei Hui Yee, an analyst with DBS wrote in a report initiating coverage on the residential developer with a price target of RM2.60 a share.
"We conservatively expect DNP's earnings to leapfrog by 3.7 times over the next three years. If all launches go ahead as planned, there could be a further 40 per cent upside to our earnings estimate," Mei wrote in the report.
DNP has about RM1.5 billion of upcoming high-end launches around Kuala Lumpur's Golden Triangle over the next few months.
Among its forthcoming launch is the Verticas Residensi at Bukit Ceylon, which has a gross development value (GDV) of RM726 million. The project comprises 423 condo units priced at a minimum of RM1.2 million a unit.
"We understand 64 per cent of the 70 units opened to registrants have been sold to date (within just one month) despite the price tag and ahead of management's expectations," Mei wrote in the report.
DNP is also expected to launch by year-end a high-end condominium project that comprises 25 units priced at RM3.5 million a unit. The condos have a built-up area of between 3,000-3,500 sq ft.
It is also expected to launch 197 units of luxury condos just opposite the Petronas Twin Towers by next year. The project is estimated to have a GDV of RM703 million.
Source from btimes.com.my
Ever wanted to wake up each morning to see an amazing golf course from your balcony or maybe from your room? Puteri Palma 2 (PP2) is a resort-themed condominium which sits in the middle of an 18-hole golf course located in 101 Resort, Putrajaya. With lush-landscaped gardens, beautiful terrains and breathtaking water features, this development offers a chance for city dwellers to enjoy the peace and tranquillity of resort living.
Location
A short drive south of the City Centre, it is situated within major townships like Puchong, The Mines, Cyberjaya and Putrajaya. Also idyllically encircled by everyday amenities and infrastructures are The Alice Smith International School, Australia International School, Nexus World School, and two international hotels namely; the Putrajaya Marriott Hotel and Palm Garden Hotel; a short drive from the resort. Shopping malls and hypermarkets such as Alamanda Putrajaya, Jusco and Tesco are also situated nearby providing residents the convenience of shopping and leisure activities. PP2 residents need not worry over time constraints from the hassle-free traffic with easy accessibility to major highways. Built on prime freehold land, it ensures an appreciating investment.
Built-up Area
Comprising only 168 units, built-up area ranges from 1,377sq. ft. to 2,694 sq. ft. Those with built-up areas above 1,600 sq. ft. will be allocated with 2 parking bays. Prices start from RM537,800 onwards. With every unit comes an air-conditioner for the living & master bedroom and a quality kitchen cabinet with hob and hood.
For golf enthusiasts, every purchase of a unit comes with a free golf membership and a privilege card which will be your passport to a world of preferential treatment and exclusive privileges to all hotels and facilities within the resort. Family members and friends are also able to enjoy special rates at the hotels and clubhouse with the card.
The developers are also offering free Sales and Purchase (S&P) legal fees subject to their panel of solicitors and also free stamp duty of Memorandum of Transfer (MOT).
Facilities & Amenities
Apart from that, PP2 is well-equipped with comprehensive facilities such as a swimming pool with attached Jacuzzi, a gymnasium with a view of the pool, sauna and steam bath and a convenience store. However PP2's list of facilities does not end there. The developers have also included a number of family-based facilities to cater to growing families or residents who wish to start a family by also including a children's play area, a barbeque area for those who enjoy entertaining guests and a function room to cater for special functions such as birthdays or even to use during the rainy seasons. This array of facilities is definitely a great way to unwind and relax with family and friends.
The Developer
Pine Properties Sdn Bhd; a subsidiary of IOI Properties Bhd, is the developer for Puteri Palma 2. Well-known as an investment holding company that engages in property development and investment in our country, IOI Properties Bhd develops residential, commercial/office buildings and industrial properties, as well as providing building maintenance and general contract services. In addition, IOI Properties Bhd is involved in the cultivation of oil palm; and the management and operation of golf courses, as well as the provision of recreational services.
Laman Indah, one of the latest and upcoming project from renowned and well established property developer, United Malayan Land Bhd (UMLand), boasts quality lifestyle homes and is certainly a rewarding investment for first time homebuyers and young couples.
Location
Strategically located between the financial and commercial heart of KL and the administrative hub of Putrajaya, the 898-acre self-contained integrated township is well connected to major highways and expressways such as the North-South Expressway via the Putra-Mahkota Interchange along the KL-Seremban Highway. Laman Indah is definitely an ideal location for city dwellers as the property is only a 20-minute drive to Kuala Lumpur city centre and a short 10-minute drive to the Kuala Lumpur International Airport.
Built-up Area
Laman Indah comprises 184 units of double-storey terrace homes. Currently, parcel 1 which consists of 56 units of double storey terrace homes is open for sale. These homes, measuring 22ft by 75ft each with a built-up area of 1,861 sq. ft. to 1,948 sq. ft. are tastefully designed with the comfort of homeowners in mind. Each unit has four bedrooms, three bathrooms and a car porch big enough to accommodate two cars. Homeowners need not worry anymore about the safety of their car parked outside. Changes and additions can be implemented to improve the layout of the living and dining area on the ground floor according to the personal preference of the homeowners. For those who have green fingers and enjoy gardening, there is quite a garden in the backyard!
Launch
Laman Indah Parcel 1 which is freehold is expected to complete in May 2011 and the homes are priced from RM315,000 onwards. Bumiputras enjoy a 7% discount. Parcel 2 of Laman Indah with bigger and wider built-up area and land sizes will be launched in September 2009.
Facilities & Amenities
This township comes complete with numerous residential, commercial and recreational facilities to ensure comfort, convenience and safety of their residents. What’s more, the Bandar Seri Putra Township offers public amenities such as police station, post office, town parks, a town park, and petrol stations. A primary school has commenced its first session in June 2009. Other amenities such as secondary and religious schools as well as a health clinic with quarters are currently under construction. This will further add to the practicality of living in this township.
The Developer
Project developer Bangi Heights Development Sdn Bhd is a subsidiary of UMLand which is known for its excellent and quality workmanship and well-established developments. UMLand’s popular mix of developments such as the Bandar Seri Alam and Taman Seri Austin in Johor and the high-rise condominium developments of Seri Bukit Ceylon, Suasana Sentral and Suasana Bangsar which are all located within the vicinity of the city centre provide potential homeowners with a variety of choices.
Source from thestar.com.my
PROPERTY developer Sunway City Bhd (SunCity) (6289)faces a great challenge to sell a massive stock of RM1.2 billion houses, particularly the high-end projects in Mont Kiara and Bandar Sunway where sales have been slow, AmResearch says.
The group is aiming for RM330 million in residential sales this year but has so far achieved only RM130 million, the broker said.
The take-up rate for Bayrock South Quay in Bandar Sunway, which has 77 bungalows priced between RM4 million and RM7 million per unit, has stalled at 35 per cent since the soft launch in April last year.
Only about two-fifths of the Vivaldi project in Mont Kiara were sold, where there are 234 units priced at RM850 per sq ft.
"We understand from its management that the group is unlikely to bring prices down to speed up inventory liquidation," AmResearch said in a report yesterday to initiate coverage on the company.
Instead, SunCity plans to lure potential buyers with more attractive financial scheme for selected projects, such as no-interest payment during construction and no payment for up to 24 months, the report said.
AmResearch rates the shares of SunCity as a "hold", with a fair value of RM3.45. The stock appears "fairly valued" after its price more than doubled in March this year, the broker said.
SunCity fell 1.8 per cent to close at RM3.20 yesterday. The stock has risen 83 per cent this year, beating a 36 per cent rise in the FTSE Bursa Malaysia KLCI so far.
The primary catalyst for the shares continues to centre on SunCity's potential to cash out from its large portfolio of investment properties worth an estimated RM3 billion to RM4 billion via the set up of an real estate investment trust (REIT).
"We, however, are skeptical that the group can successfully launch a REIT given our concern over pricing and quality of assets to be injected," AmResearch said.
Aside from Sunway Pyramid shopping mall and Wisma Denmark, other assets that the group plans to sell into the property trust are not really suitable for a REIT, it pointed out.
Sunway Group had planned to float a REIT which holds its key assets that include office towers, retail malls, a hospital and university hostel by as early as 2007. The plan has been delayed so far, mainly due to unfavourable market conditions.
Source from btimes.com.my
