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Investment SUMMER SUITES AND SUMMER V.O.S. [OWNERS' THREAD], From RM328k off Jalan Sultan Ismail

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wonghs
post Jan 11 2011, 03:24 PM

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as i said earlier, tentative season parking bays is RM250 per month... later subject to JMB/MC decision...


Added on January 11, 2011, 3:28 pmwow... interesting...

This post has been edited by wonghs: Jan 11 2011, 03:28 PM
SUSUFO-ET
post Jan 11 2011, 03:34 PM

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I think the 1st 1000 registrants are fr staff, relatives, contractors, supplier, lawyer, architects, town planner, local authority...

no need to feel sad also, it is norms, if hv a chance to grasp 1 unit facing graveyard or highways can considered untung liao
wonghs
post Jan 11 2011, 03:40 PM

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haha.. those consider VVIP.... not first 1000...
only those name registered can purchase... name cannot be transfered
if not registered earlier, your ranking is after VVIP+1000+1000


Added on January 11, 2011, 3:44 pmblock A 400 units: I guess there are also 400 units for Block B gua...

This post has been edited by wonghs: Jan 11 2011, 03:44 PM
airline
post Jan 11 2011, 03:46 PM

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no chance if register today?
which site
eXTaTine
post Jan 11 2011, 04:06 PM

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QUOTE(wonghs @ Jan 11 2011, 03:12 PM)
solaris 2 site = summer suites = got 2 blocks, now lauching first block...


Added on January 11, 2011, 3:14 pmfor the registrants, dun worry, still got second block. i am pretty sure sunrise give give priority to them...
*
This block is facing which side? Towards elevated highway or towards Renaissance hotel? Seems like this phase no view at all.... doh.gif
kh8668
post Jan 11 2011, 04:10 PM

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"Menara Solaris is a commercial development with 587,000 sq ft of
net saleable area of strata office space and 20,000 sq ft of retail
space.
Situated off Jalan Sultan Ismail in Kuala Lumpur, it is only 500 metres
from the Kuala Lumpur City Centre (KLCC) development and next to
Renaissance Hotel. Menara Solaris was created to meet the market
demand for quality strata office space that is competitively priced.
This project will have a gross development value of approximately
RM480 million."

Quoted from Sunrise Annual Report 2010page 30/182

PN No. 48654, Lot 196,
Seksyen 44
Bandar of Kuala Lumpur
Daerah Kuala Lumpur
Land held for
development
Vacant land99 years lease expiring on 22-Jan-2108
1.66 acre 10-Oct-06 44,069
webby88
post Jan 11 2011, 06:26 PM

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QUOTE(kh8668 @ Jan 11 2011, 04:10 PM)
"Menara Solaris is a commercial development with 587,000 sq ft of
net saleable area of strata office space and 20,000 sq ft of retail
space.
Situated off Jalan Sultan Ismail in Kuala Lumpur, it is only 500 metres
from the Kuala Lumpur City Centre (KLCC) development and next to
Renaissance Hotel.  Menara Solaris was created to meet the market
demand for quality strata office space that is competitively priced.
This project will have a gross development value of approximately
RM480 million."

Quoted from Sunrise Annual Report 2010page 30/182

PN No. 48654, Lot 196,
Seksyen 44
Bandar of Kuala Lumpur
Daerah Kuala Lumpur
Land held for
development
Vacant land99 years lease expiring on 22-Jan-2108
1.66 acre  10-Oct-06 44,069
*
1.66 acre land for this development?


Added on January 11, 2011, 7:22 pmThis so called "Zone 2" KLCC area at 755psf average leasehold is a good buy only because of the small units thus low entry costs. Comparing to other "Zone 2" like Hampshire place, freehold, secondary market it is running at 850psf fully furnished, but built up slightly bigger like 915sf. I believe Hampshire Place still comes with a carpark.

Locality wise, I think Hampshire is a tad better.

Without a carpark allocated, this will skew towards office rather than residence.

On a psf Summer suites is not a great price but entry price it is very tempting.



This post has been edited by webby88: Jan 11 2011, 07:22 PM
Jason
post Jan 11 2011, 10:11 PM

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without a parking, i don't think it'll be attractive to the locals for residential purposes right? what do you guys think?
the smaller units would have been attractive residential units for single young managers.

at 450sqft..would it be an attractive office unit?

This post has been edited by Jason: Jan 11 2011, 10:12 PM
airline
post Jan 11 2011, 10:16 PM

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at this price with no car park. i find empire damansara a better buy.
like empire city high pricing this project.
ritze perdana at least got 1.
Jason
post Jan 11 2011, 10:20 PM

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QUOTE(airline @ Jan 11 2011, 10:16 PM)
at this price with no car park. i find empire damansara a better buy.
like empire city high pricing this project.
ritze perdana at least got 1.
*
true. but one factor would be the location. this is a superior location, and public transport is already there.. 5 mins to monorail..
in terms of build quality.. i doubt there's an issue.. sunrise mah..

so the question is at 450sqft, no parking, would it be attractive to live there, or make it an office..

kh8668
post Jan 11 2011, 10:25 PM

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City&Country: Green office building in Golden Triangle

Tags: Berjaya Land , Gold Green Mark certification , Green Building Index , Mah Siew Wan , Ritz Corporate Suites


By Siti Sakinah Abdul Latif and Rosalynn Poh of The Edge Malaysia
Sunday, 15 August 2010 00:00

Berjaya Land recently launched its latest commercial project, a 46-storey green office tower in Kuala Lumpur's Golden Triangle.

The freehold Ritz Corporate Suites office tower, located at the corner of Jalan Ampang and Jalan Sultan Ismail, is next to the Ritz-Carlton Residences — a serviced apartment tower. A retail podium connects the two.

Mah Siew Wan, Berjaya Land senior general manager of properties marketing tells City & Country that the office office tower is designed to obtain the Gold Green Mark certification from Singapore's Building and Construction Agency. "We are going for the Green Mark as the certification is more established than Malaysia's new Green Building Index," says Mah.

She says unit owners and the building management will benefit from the office tower's eco-friendly building management technology as it will minimise utilities usage and create a healthy working environment.
Among the smart green features are floor destination control system lifts to reduce waiting time, a smart building management system for monitoring and minimising power and utilities usage and a carbon dioxide monitoring system on all floors.

"The carbon dioxide level monitoring system checks the level of carbon dioxide in the office. Too much carbon dioxide in the air and employees become sleepy and lethargic. Once the system detects an unusually high level of carbon dioxide it will release more oxygen into the environment," Mah explains.

The tower will have 2.9m-high ceilings to ensure efficient airflow and ventilation, while an intelligent air-conditioning system that incorporates a variable refrigeration volume system will maintain a constant temperature inside the office despite changes in the weather outside.

Mah says the construction of the office tower on a 2.7-acre site has begun and is expected to take about three years. The foundations and basement car park structure have been completed. The office tower itself has a potential gross development value (GDV) of RM500 million, she says.

Strata titles
The office lots are for sale, which Mah says is an advantage in the market as there are few strata offices available for sale.

"Currently, all the office buildings in the Golden Triangle are sold on an en-bloc basis to institutional investors or for leasing only. Ritz Corporate Suites is a rare opportunity for investors to own strata-titled office suites in a Grade A office tower ... in the heart of KL's Golden Triangle and central business district," Mah says.

The Bukit Nanas monorail station and the Dang Wangi LRT station are also nearby.

Knight Frank Malaysia executive director Sarkunan Subramaniam says high-rise offices sold on a strata basis are "not common". Offices likely to be sold on this basis are usually low-rise.

Mah says there were enquiries from retail investors and corporate buyers at the office tower's launch on May 18, when 207 lots were on offer. Prices range from RM1,000 psf to RM1,350 psf.

"We expect all the units to be taken up by the time the building is completed. We are committed to the three-year deadline for completion by 2012, but a shorter period is achievable and we should be ahead of schedule," Mah says, adding that the tower will have three levels of basement parking with another 7-storey elevated car park with a mezzanine with approximately 643 parking bays.

Berjaya's original plan had been to build the RM700 million Berjaya Central Park, but in 2009 the company announced plans to team up with The Ritz-Carlton Hotel Co to develop a twin-tower luxury serviced apartment project.

The residences were to be managed under the Ritz-Carlton brand, but Berjaya then decided to turn one of the towers into offices — The Ritz Corporate Suites.

Each floor has a net saleable floor space of 12,024 sq ft to 13,100 sq ft offering a range of two to seven office lots per floor. Level 10 to level 30 offer seven office suites per floor with sizes ranging from 775 sq ft to 2,831 sq ft. Moving up, from level 32 to level 43A, there are four office suites per floor with sizes ranging from 2,379 sq ft to 4,069 sq ft, while levels 45 and 46 accommodate two office suites per floor with sizes from 5,201 sq ft to 7,890 sq ft.

Every suite comes with an ensuite executive bathroom with shower facilities and designated lifts for easier access and better security. The tower will also have high-speed Internet access

The Ritz Carlton Residence, meanwhile, is scheduled to be launched next year, says Mah. It is also designed to achieve Gold Green Mark certification. The details, however, have not been finalised.

Berjaya Land is currently working on a boutique development called Vasana 25, located within the 41-acre Seputeh Heights in Taman Seputeh, Kuala Lumpur. Mah says the four-acre development comprises three bungalows and 22 link villas with an estimated GDV of RM157.2 million.

The bungalows, with land areas from 6,316 sq ft to 11,524 sq ft and built-ups of 5,743 sq ft to 7,665 sq ft are priced from over RM7 million each. The link villas have built-ups of 5,947 to 7,616 sq ft and land areas of 4,971 sq ft to 12,944 sq ft. They are priced at RM5.7 million to RM6.5 million.

"Seven units, including one bungalow, have been sold. Buyers are a mix of locals and foreigners. There will not be a launch as previews are by invitation only," Mah says. Previews began in 4Q2009.

Mah says almost all the homes within the freehold development will have views of the city skyline. An additional touch of luxury in each of the 3-storey homes is a glass-clad lift. Full completion of the Vasana 25 project is expected in early 2011

Mah says Vasana is a Sanskrit word which means abode. "Seputeh is an established neighbourhood in a strategic location and we are offering a limited number of units with undisrupted views of the city," she says.

Berjaya Land's first project in the Seputeh area was a high-rise development called Robson Condo back in the 1980s. The company started developing Seputeh Heights in 1997, with 103 bungalow lots sized from 7,992 to 23,100 sq ft sold at an average price of RM200 psf.

"Other projects we are currently working on are the Covillea Condominiums in Bukit Jalil, link bungalows at Seputeh Heights, exclusive bungalow lots at The Peak @ Taman TAR, 1Petaling Residences & Commerz @ Sg Besi and the Hazel 2-storey link homes at Berjaya Park, Shah Alam," Mah says.

Overseas developments
Berjaya Land is involved in six mixed development projects in Vietnam, two in Hanoi and four in Ho Chi Minh City.

The Hanoi projects are Amber Court, Bien Hoa City Square, Topaz Twins, Bien Hoa City Square, The Canal Park, Phase 1 of Thach Ban Garden City, and Thach Ban Garden City. In Ho Chih Minh City, Berjaya land is building the Vietnam Financial Centre and Vietnam International University Township.

In China, the company has proposed a mixed retail, leisure and theme park development called the Great Mall of China in Hebei province, while in Thailand the company is looking to build a mixed development in Bangkok.

In South Korea, berjaya land is currently undertaking the US$2.6 billion (RM8.3 billion) Yerae integrated resort development on a 183.8-acre site in Jeju Province. Mah says the development of the Berjaya Jeju Resort will go on until 2015. It has a potential GDV of US$3.6 billion.

Berjaya recently cancelled a US$200 million joint-venture, themed village project on a 145-acre parcel of freehold land in the Jeju Special Self-Governing Province in South Korea. Mah says Berjaya intends to focus on the completion of the Berjaya Jeju Resort "before expanding our investment in other provinces".


This article appeared in City & Country, the property pullout of The Edge Malaysia, Issue 815, July 19-25, 2010


webby88
post Jan 11 2011, 10:33 PM

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Whatever, you can argue, sure can sell wan. Its only how fast the stock can last if what is stated here is correct.
present
post Jan 11 2011, 10:58 PM

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May I know why don't consider monoland?
It's freehold and somemore only rm850 psqf.
The location is better than summer suite
webby88
post Jan 11 2011, 11:04 PM

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QUOTE(present @ Jan 11 2011, 10:58 PM)
May I know why don't consider monoland?
It's freehold and somemore only rm850 psqf.
The location is better than summer suite
*
Monoland better locality but developer Sunrise better. Entry level for Sunrise is only 328k and monoland more than 500k.
savants
post Jan 11 2011, 11:18 PM

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QUOTE(UFO-ET @ Jan 11 2011, 03:34 PM)
I think the 1st 1000 registrants are fr staff, relatives, contractors, supplier, lawyer, architects, town planner, local authority...

no need to feel sad also, it is norms, if hv a chance to grasp 1 unit facing graveyard or highways can considered untung liao
*
I got invited to the exclusive preview, im not even member or staff with Sunrise or whatsoever... anyway the invitation by Sunrise:-

- This privilege preview invitation is non-transferable and non-refundable.
- Registrants are advised to bring their credits cards, cheque books and I.C to the event.
For non-Malaysians, a passport is required.
- A non-refundable deposit of RM20,000.00 must be paid upon booking to secure your preferred unit.
- All units purchased must bear the name of privilege preview registrant or together with
one other name e.g. Registrant + Registrant’s Wife.
- Please refer to the attachment for list of documents needed for loan processing.

Will go over and have a look on this saturday drool.gif

This post has been edited by savants: Jan 11 2011, 11:18 PM
Folio
post Jan 11 2011, 11:21 PM

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Staff preview is tmr.
eXTaTine
post Jan 11 2011, 11:34 PM

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QUOTE(Folio @ Jan 11 2011, 11:21 PM)
Staff preview is tmr.
*
After VVIP and staff, how much left? Maybe left crap units...
savants
post Jan 11 2011, 11:37 PM

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QUOTE(eXTaTine @ Jan 11 2011, 11:34 PM)
After VVIP and staff, how much left? Maybe left crap units...
*
Quit your job tmr and join Sunrise by tmr... rclxms.gif
airline
post Jan 12 2011, 03:06 AM

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If can find pairing of course monoland is better lol
Monoland vipod got klcc address.
Those who still can get 90percent loan, don't miss this project

cristiano7mu
post Jan 12 2011, 06:19 AM

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QUOTE(savants @ Jan 11 2011, 11:37 PM)
Quit your job tmr and join Sunrise by tmr... rclxms.gif
*
[Off topic]

Sunrise normal staff last yr has 3-4 months bonus.

and if Sunrise making profit 7 continuous years while you are working there thru out 7 years, u get 1 year bonus.

very good huh? laugh.gif

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