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Investment Twin Palms, Sungai Long, Gated & Guarded Residential Project

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TSnaleh33
post Mar 13 2011, 08:55 PM, updated 13y ago

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Since there is no dedicated thread for Twin Palms project, I will start it biggrin.gif . It is a residential project by Fabulous Range Sdn. Bhd, subsidiary of Lum Chang. They have just launched their phase 2 Semi-D project, Maya with the price tag of 1.3Mil and above. There is a showroom available and 2 ready bare units as well for viewing.

This project is situated beside Sungai Long, just before the Sungai Long, toll. They have designed their G&G quite well. This project was started in 2007 with their Superlink house, Palmrya followed by their Semi D, Aria@Areca, Bungalow Tsara.

I am interested to get a unit of Semi-D over there. Any existing buyers or interested investors over here? I would like to get some opinions from the experts regarding this project. I am planning to get it for own stay.

http://www.twinpalms.com.my/

Pros
1) Well G&G design. Considerably high (8 feet tall) concrete wall with 2 feet fencing on top of it with CCTV camera surrounding the entire residential area. Multiple security checkpoint before entering the units.
2) The environment is very quite and peaceful.
3) It does not share the same entrance as Sungai Long.
4) Very well designed, elegant clubhouse with high end facilities (Jacuzzi, Sauna, Swimming Pool, Gym)
5) The furnishing and the quality of the houses are considerable good.
6) Freehold

Cons
1) Lack of public amenities. Need to go to Sungai Long, Cheras Selatan, Mahkota Cheras for groceries shopping, dining, window shopping and etc.
2) Need to pay RM1.00 toll whenever you want to leave your house.
3) Location is quite far from KL
cutealex
post Mar 13 2011, 09:09 PM

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wor..1.3mill
kh8668
post Mar 13 2011, 09:14 PM

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QUOTE(cutealex @ Mar 13 2011, 09:09 PM)
wor..1.3mill
*
yeah their new phase MAYA now at selling.

overall environment there is good with clubhouse facilities.

But maintenace fee and charging fee are as high as RM380 per month for semi-d.


anyone know Maya which launched in 2 last week left how many units for sale?

This post has been edited by kh8668: Mar 13 2011, 09:16 PM
TSnaleh33
post Mar 13 2011, 10:28 PM

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QUOTE(kh8668 @ Mar 13 2011, 09:14 PM)
yeah their new phase MAYA now at selling.

overall environment there is good with clubhouse facilities.

But maintenace fee and charging fee are as high as RM380 per month for semi-d.
anyone know Maya which launched in 2 last week left how many units for sale?
*
Left 50%. There are still some nice units left for all the different layouts including another last corner unit of 1.6mil. If I am not wrong, there are about 30-40 units for Maya.
kh8668
post Mar 14 2011, 03:59 PM

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38 units

Do anyone know what is the buildup area of maya?

This post has been edited by kh8668: Mar 14 2011, 04:27 PM
TSnaleh33
post Mar 14 2011, 04:33 PM

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There are 3 layouts 3540, 3755, 3860.

http://www.twinpalms.com.my/sungailong/maya-layout.html
kh8668
post Mar 14 2011, 07:56 PM

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thanks bro, do you have any idea Type A = how much; Type B = how much and Type C = how much? hehehe wanna do comparison.
yamaharbx
post Mar 15 2011, 02:25 PM

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Fuyoh. Lotsa rich folks in LYN. Anyway, a friend bought a semi-d for 9XX and now subsale going for 1.3m. Not bad paper profit. I like that place very much but just out of reach. The toll is only one-way, on the way out and is free coming in. Should be worth it as silk highway is like a private highway for twin palms owners, who don't have to pass by thousands of road humps and old housing estates. As for driving, where got G&G new developments nowadays within walking distance to groceries (other than DPC). Driving is inevitable everywhere. Heck, I would take it just to get that real resort feel.
jc133
post Mar 15 2011, 10:36 PM

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Anyone share my feelings that the Cheras Selatan /Balakong / BMC/ Sg Long is set to take off big time? There is the biggest Jusco outfit, C180 lifestyle commercial starting to be populated, Columbia Asia opening soon. High end residences between 1m-4m sprouting from Laville, Park 72, Twin Palms, Taming Mutiara, BSL5, and now the Tropicana boys Dijaya just announced 2 big acre high end GG developments in Sg Long and Balakong. Sunway Group is rumoured to start new development next to Twin Palms. With Kajang exploding, this southern frontier bordering both old cheras and Kajang should be a hotspot in waiting...
TSnaleh33
post Mar 15 2011, 11:13 PM

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QUOTE(kh8668 @ Mar 14 2011, 07:56 PM)
thanks bro, do you have any idea Type A = how much; Type B = how much and Type C = how much? hehehe wanna do comparison.
*
If I am not wrong, Type B = from 1.3mil till 1.5mil and Type A is from 1.4 till 1.6. But type C, I cannot recall how much is it.


Added on March 15, 2011, 11:15 pm
QUOTE(yamaharbx @ Mar 15 2011, 02:25 PM)
Fuyoh. Lotsa rich folks in LYN. Anyway, a friend bought a semi-d for 9XX and now subsale going for 1.3m. Not bad paper profit. I like that place very much but just out of reach. The toll is only one-way, on the way out and is free coming in. Should be worth it as silk highway is like a private highway for twin palms owners, who don't have to pass by thousands of road humps and old housing estates. As for driving, where got G&G new developments nowadays within walking distance to groceries (other than DPC). Driving is inevitable everywhere. Heck, I would take it just to get that real resort feel.
*
Yeah the initial stage of Areca@Aria was launched at 92XK++, that is really a good buy. It is somemore 2.5 half storey. I like the serenity environment and no congested, jammed access road. LIke what you have said, silk highway is like catered for twin palms owners. rclxms.gif


Added on March 15, 2011, 11:17 pm
QUOTE(jc133 @ Mar 15 2011, 10:36 PM)
Anyone share my feelings that the Cheras Selatan /Balakong / BMC/ Sg Long is set to take off big time? There is the biggest Jusco outfit, C180 lifestyle commercial starting to be populated, Columbia Asia opening soon. High end residences between 1m-4m sprouting from Laville, Park 72, Twin Palms, Taming Mutiara, BSL5, and now the Tropicana boys Dijaya just announced 2 big acre high end GG developments in Sg Long and Balakong.  Sunway Group is rumoured to start new development next to Twin Palms. With Kajang exploding, this southern frontier bordering both old cheras and Kajang should be a hotspot in waiting...
*
I share the same sentiments as well. Things are taking off in Sg Long and Balakong area especially MRT route will pass by that area with 2 stations in it. Sunway group has a piece of land beside Twin Palms???!!! Behind in the sense in the continue down the highway of before twin palms and the highway toll??

This post has been edited by naleh33: Mar 15 2011, 11:17 PM
yamaharbx
post Mar 16 2011, 01:10 PM

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QUOTE(jc133 @ Mar 15 2011, 10:36 PM)
Anyone share my feelings that the Cheras Selatan /Balakong / BMC/ Sg Long is set to take off big time? There is the biggest Jusco outfit, C180 lifestyle commercial starting to be populated, Columbia Asia opening soon. High end residences between 1m-4m sprouting from Laville, Park 72, Twin Palms, Taming Mutiara, BSL5, and now the Tropicana boys Dijaya just announced 2 big acre high end GG developments in Sg Long and Balakong.  Sunway Group is rumoured to start new development next to Twin Palms. With Kajang exploding, this southern frontier bordering both old cheras and Kajang should be a hotspot in waiting...
*
Also NAZA TTDI further south.

Same feelings here. Now all it takes is a catalyst megamall ala Ikano/Midvalley to trigger it off. Sits right in the midst of huge catchment areas of Cheras, Balakong, BMC-SL, and Kajang. Lum Chang, Dijaya, SunwayGroup and Naza TTDI must have known something we dont. Damned. I need bullets.



This post has been edited by yamaharbx: Apr 6 2011, 02:38 PM
jc133
post Apr 7 2011, 09:32 AM

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We managed to visit Twin Palms at night recently. It was after a rain and we were just amazed at the cool, fresh misty air and that peaceful quietness against the backdrop of hills. A close description would be its like in Cameron Highlands. I am sure residents there do not need air-cons except in the hottest of season.

Seriously, you will need to see Twin Palms for yourself. Many have uprooted themselves from Sunway, Damansara, and Bandar Utama after just one visit. Now, I need to make my way to Lum Chang to collect my commission smile.gif
prody
post Apr 7 2011, 10:14 AM

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QUOTE(jc133 @ Apr 7 2011, 09:32 AM)
We managed to visit Twin Palms at night recently. It was after a rain and we were just amazed at the cool, fresh misty air and that peaceful quietness against the backdrop of hills. A close description would be its like in Cameron Highlands. I am sure residents there do not need air-cons except in the hottest of season.

Seriously, you will need to see Twin Palms for yourself. Many have uprooted themselves from Sunway, Damansara, and Bandar Utama after just one visit.  Now, I need to make my way to Lum Chang to collect my commission smile.gif
*
It's a nice place for sure. I've been there a few times but was turned of by the extreme price increase for their latest launch. Up to about the middle of last year they were selling at 1m, but then increased to about 1.5m for the new launch. It's too expensive now for the location in my opinion.


jc133
post Apr 7 2011, 10:36 AM

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Believe it's somewhere between 1.3m-1.4xm after discount for the Maya new launch. Twin Palms has actually been playing tag with prices in Cheras and Jade Hills. It seems more aligned now.

These days, location is no more the one and only determining factor. We are seeing the effects of what strong concepts and branding can do, best example being DPC. Helped by push factors in prime areas such as maddening jams & crowd, small landed or built-up space (20/22x75) and crime rates.

If not mistaken, on the south side, Twin Palms should be the only new, large-acre full featured G&G with clubhouse, parks and ponds etc facilities that is closest to KL, after Lakefields and LakeEdge. The next one would be Jade Hills deeper in Kajang.

Wait till the Twin Palm Tsara bungalows are completed and visible along the Silk highway. These may spark off another round of hikes, not to mention impending launches by Dijaya Tropicana Sungai Long.

I once wondered whether the developers of Taming Pearl bungalows going for 4-6m right inside Sungai Long, are grossly mistaken. Not so sure now.

Off to collect another commission...

This post has been edited by jc133: Apr 7 2011, 10:42 AM
yamaharbx
post Apr 7 2011, 11:30 AM

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QUOTE(prody @ Apr 7 2011, 10:14 AM)
It's a nice place for sure. I've been there a few times but was turned of by the extreme price increase for their latest launch. Up to about the middle of last year they were selling at 1m, but then increased to about 1.5m for the new launch. It's too expensive now for the location in my opinion.
*
To put things in perspective, how much do you think Twin Palms would be priced if the entire 126 acres development is plucked out, park, club, ponds and all and air-lifted to Damansara or Bangsar or even Puchong? RM1.5m?
prody
post Apr 7 2011, 11:52 AM

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QUOTE(yamaharbx @ Apr 7 2011, 11:30 AM)
To put things in perspective, how much do you think Twin Palms would be priced if the entire 126 acres development is plucked out, park, club, ponds and all and air-lifted to Damansara or Bangsar or even Puchong? RM1.5m?
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I'm not familiar with pricing in Damansara and Bangsar areas.

If around Puchong area, it would probably be priced just above 2.0m (freehold).
Waterville (lake edge) and kinrara residence are selling at about 1.5m-1.6m leasehold.

This is why for me Twin Palms pricing was ok around the 1m mark, but around 1.5m there are many other options.


TSnaleh33
post Apr 7 2011, 12:53 PM

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QUOTE(prody @ Apr 7 2011, 11:52 AM)
I'm not familiar with pricing in Damansara and Bangsar areas.

If around Puchong area, it would probably be priced just above 2.0m (freehold).
Waterville (lake edge) and kinrara residence are selling at about 1.5m-1.6m leasehold.

This is why for me Twin Palms pricing was ok around the 1m mark, but around 1.5m there are many other options.
*
Actually there were still a few units (Areca Semi D) left before the new semi-D Maya project was launched. The pricing was around 1.06 mil. The prices of those units were adjusted to 1.15 and above when Maya has launched.

But I would say among all the G&G projects that I have gone, Twin Palms is one of the best. I am not too sure about The Glades launched by Sime Darby at Putra Heights.
jc133
post Apr 7 2011, 01:01 PM

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Prody, last check was 1.3X to 1.4X for intermediate. Have they hiked it up again to RM1.5m and is this intermediate or corner lot?




yamaharbx
post Apr 7 2011, 01:05 PM

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QUOTE(naleh33 @ Apr 7 2011, 12:53 PM)
But I would say among all the G&G projects that I have gone, Twin Palms is one of the best. I am not too sure about The Glades launched by Sime Darby at Putra Heights.
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Hi Naleh, which are those other G&Gs have you have visited?
prody
post Apr 7 2011, 01:06 PM

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QUOTE(naleh33 @ Apr 7 2011, 12:53 PM)
Actually there were still a few units (Areca Semi D) left before the new semi-D Maya project was launched. The pricing was around 1.06 mil. The prices of those units were adjusted to 1.15 and above when Maya has launched.

But I would say among all the G&G projects that I have gone, Twin Palms is one of the best. I am not too sure about The Glades launched by Sime Darby at Putra Heights.
*
Those are the 2-storey semi-d. I think Maya is all 3-storey.
Anyway, the project is good, but semi-d price is too high now for me for that location.




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