Monday, September 26, 2011
Finally, Taylor's Education Group received the go-ahead to build an international school at Bukit Puchong. Soon, we will see one of Malaysia's foremost private education group, Taylor's Education Group, setting up a premier school on eight acres within Bukit Puchong development, scheduled for its first intake in 2014.
Saturday, September 17, 2011
This 53-acre mixed development project will become a new nerve centre, humming with activity and business. Features that will ensure this include contemporary resident suites and versatile office spaces, coupled with a boutique hotel, lifestyle piazza and innovative semi-detached, cluster designed shop offices.
KUALA LUMPUR: Mitraland Group has sold some 70% of its recently launched Lake 6 Entrepreneurs Park, its first industrial project in Puchong. About 60% were sold prior to the launch.
"About 70% of the units have been sold so far and of the remainder, only a few units remain for non-bumiputera customers. The buyers were a mix of investors and companies who bought for their own use," said Eddie Wong, deputy general manager of Mitraland.
"The market last year was more investor-orientated while the current market favours the end user," he added when asked about the current property market environment.
The development is Phase 1 of the 63-acre Lake 6 mixed development, and consists of corporate style 3-storey factories with a 4-in-1 concept, in that the factories can be utilised as a warehouse, factory, showroom or office. There are two types of factories on offer — semi-detached and detached. The semi-detached unit has a built-up area of 5,465 sq ft, while the detached unit has a built-up area of 9,600 sq ft. The factories are leasehold, with a tenure of 99 years.
Situated in Puchong, Lake 6 Entrepreneurs Park spans 20 acres, and is linked to Subang Airport, Kuala Lumpur International Airport and Port Klang via major highways such as the Federal Highway, Lebuhraya Damansara Puchong and North-South Highway. Due to its location, the park hopes to tap into the Puchong population of 420,000 to provide a skilled workforce to businesses here.
The gross development value of the park stands at RM200 million. The units retail at RM470 psf, with the semi-detached units selling for RM2.598 million and the detached units selling for between RM4 million to RM4.56 milion. Maintenance is estimated at RM400 per month, which covers the 24-hour security patrolling services and real time CCTV surveillance.
"The factors that mainly interest buyers were the concept and the value for money that the development provides," said Wong adding that Lake 6 Entrepreneurs Park's units offer larger built-ups compared to other similar developments in the area. Furthermore, a lake borders the project site providing a lush landscape.
Mitraland's future plans for the area include residential and commercial developments.
Thursday, September 8, 2011
Swanky development: The show house for the Apicalia is ready for the big day on Sept 15.
IT WAS a piece of land that Datuk Lim Hock San, the managing director of LBS Bina Group Bhd, knew had great potential but wasn’t quite certain the form of development it would take in what was an ex-mining land, dwarfed by a huge lake.On paper, it would seem to be LBS’ less desired property and many had advised Lim to unload it, especially during the last financial crisis. But Lim’s insistence on holding on to it to capitalise on its potential apparently paid off.Today, the 71ha piece of land that sticks out like a peninsula into the over 400ha lake is set to be the crown jewel in the LBS stable of developments all over the country.This will be the first luxury development for LBS and Lim is confident that his company’s maiden high-end project will be able to draw in buyers.More than 90% of Apicalia superlinks have been sold since it was launched on April 15. This represented a total sales value of RM140mil.“We are promising our buyers the very best in terms of finishing as well as a lifestyle. There are very few places left in the Klang Valley which can offer a luxury home facing such a vast body of water,” he said.
The development, aptly called D’Island Residences, is filled with the full trappings of a gated community with a three-tier security system. Being surrounded by a massive lake also makes the entire development even more secure.
Construction has already started for the first phase which consist of two sets of super-link houses (Type A 22ft x 100ft and Type B 22ft x 80ft) and semi-detached units measuring 40ft by 80ft.
Both the super-link houses called the Apicalia (the name of a type of sea shell) are triple storied. Type A has a gross built up area of 3,966sq ft and a total of 53 units are being built under Phase 1. It is currently selling from RM1.4mil. The 69 Type B units with a built-up area of 3,413sq ft each are priced from RM1.3mil. The 74 semi-detached units, under the first phase, are named Balvia after the famed spiral seashell cost from RM2.4mil. The gross built-up area for each unit is 4,864sq ft.
LBS executive director Cynthia Lim said the houses names have taken on a seashell theme to reflect the resort living that D’Island is promoting.
“Resort-style living is a preferred choice for people going on vacations. This will become a daily experience and lifestyle at D’ Island Residence where home owners can now look forward to a much sought-after respite from the hassle and hussle of modern day living.” she said.Cynthia also pointed out that living a healthy lifestyle would also be possible because the development comes with proper jogging area around the lakes as well as outdoor exercise areas set up with a Par-Course.
The next launches will see more Apicalia super-link houses with lift as well as the Balvia semi-detached ones and bungalows.
Lim said the development plan also called for the construction of 148 bungalows and a low-density condominium of about 350 units.
“We have also set aside land for a clubhouse and a commercial area which both are in the planning stages.”
The total gross development value of the project is estimated RM3.6bil without taking into account the proposed commercial project.
Housing and Local Government Minister Datuk Chor Chee Heung is expected to officially launch the project on Sept 15.