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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
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?
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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.
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
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.
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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.
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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...
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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
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.
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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.
TSnaleh33
post Apr 7 2011, 01:06 PM

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QUOTE(jc133 @ Apr 7 2011, 01:01 PM)
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?
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I think Prody is referring to corner lot with bigger land area. When I visited the show room, the intermediate unit ranges from 1.3mil.
TSnaleh33
post Apr 7 2011, 04:38 PM

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QUOTE(prody @ Apr 7 2011, 01:06 PM)
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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Yeah Maya phase semi-Ds are all 3 storeys. If you compare the new semi-Ds in the vicinity eg. Laville which is now pricing at 1.7millions for 3 storeys, Twin Palms pricing is quite okay.
TSnaleh33
post Apr 7 2011, 10:31 PM

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QUOTE(prahs_bx6m @ Apr 7 2011, 05:54 PM)
Laville and Eastpark72 does not have clubhouse and facility. Twin Palm is a true G&G community as they have those. Jade Hill is a better comparison to Twin Palm, feature for feature.

I stay in between these 4 developments and have visited all of them. Not to say Twin Palm is not good, it's better than Laville and Eastpark72 and has resort feel. But I finally chose Jade Hill.

Twin Palm negative: have to pay RM1 tol everytime need to go out (will be increased to RM1.30 "soon"), have to pass through "terowong" to get home and out (my wife and oldfolks don't like due to safety issue and fengshui), not so much gardens, and "smaller" clubhouse.

Good thing is, it is on very high ground, fresh air and cooling. Don't have to pass through small residential/factory roads to reach Twin Palm.

The best is to visit the place yourself and compare each of them. I nearly bought Twin Palms before visiting Jade Hill.
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Yeah I agree with you on the toll whenever you leave your home. That is quite a big turn off. But for me, the environment, the greenery really make me overlook the toll part. What kind of safety issue (terowong collapse?) and fengshui? Can you share a bit on that aspect?

I am really interested Twin Palms and seriously considering to purchase a unit over there. I have not been to Jade Hill so probably will drop by this weekend to experience it myself.
TSnaleh33
post Apr 8 2011, 09:22 PM

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QUOTE(donnykong @ Apr 8 2011, 09:15 PM)
Was impressed when visit relative in Twin Plm. But they complained bout quality of the house like timber floor, leaking, etc. When complain to the staff, their response slow and some rude. Hope they solve the problem liao.
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Is your relative staying in the Superlink or Semi-D? Hmmm hmm.gif hopefully the problem is solved. I saw the furnishing of the completed bare unit semi-D is good. As long as they are willing to fix the defects, then it is still okay.
TSnaleh33
post Apr 10 2011, 03:40 PM

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It seems like JH is getting very good response as well. Hmmm hmm.gif now I am in dilemma. Too bad this weekend I am too occupied to visit JH. I have to decide soon whether to go ahead with the Twin Palms purchase. They are chasing me to sign S&P soon.

Any TP and JH buyers here? Mind to share your feedback on both the projects. icon_question.gif
TSnaleh33
post Apr 11 2011, 08:32 AM

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QUOTE(madmoz @ Apr 10 2011, 10:40 PM)
Jade Hill is grand. Twin Palms is quaint. Both are out of the way. I bought a unit at TP mainly because I felt more comfortable the I first got there and it has no illusions of grandeur - the impression I got the first time I set foot in Jade Hills.

But to each his own. Both seem to be really good places to live, but if you do ask me, I'd think that investment wise, JH is surely better.
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Why JH is better in terms of investment? Because of its grandeur factor as what you mentioned?

Frankly speaking, TP capital appreciation is quite slow. From the day TP launched their Areca semi-D, starting price 900K till the day before Maya was launched, the pricing was 1.06mil. For semi-D freehold property, this is considered quite slow.

Really need to drop by JH to experience it myself. sweat.gif
TSnaleh33
post Apr 19 2011, 08:48 PM

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QUOTE(madmoz @ Apr 11 2011, 09:58 AM)
JH has a bigger land bank and will include commercial developements iinm.
It has a china-apek oriental style which many chinese investors will probably favour over the modern look of TP.

Gamuda is much more aggressive when it comes to marketing when compared with LC.

Hence, I do believe that there is a chance that JH will turn into the DPC of the south.

TP capital appreciation is slow, and there aren't that many units for sale either. Mostly bought for own stay like me? I sure hope so - I have experienced one too many times where the lots are mostly bought by investors who then refuse to pay monthly maintenance charges doh.gif mad.gif
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Hey madmoz,

Are you staying in the superlink or the semi-D? How is the security and maintenance? On the surface, it looks very secured, systematic and well maintained. However, I think only the residents will know the actual situation. Can you share a bit on your experience?

What about the quality/furnishing of the house? I heard there are some units with serious defects and the management is not responsive to rectify the problem.


TSnaleh33
post Apr 21 2011, 09:20 AM

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QUOTE(madmoz @ Apr 20 2011, 07:12 PM)
I haven't moved into my link unit yet. Join the Facebook group and ask the residents there.

As for defects, nothing major in my unit and yes, they are a tad slow to rectify.
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Your link unit is referring to the superlink terrace? i thought the superlink units have been completed for quite some time, isn't it? Did you buy it subsale or you have not moved in since the key handover to you?
TSnaleh33
post Apr 29 2011, 08:40 AM

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QUOTE(kiwicat @ Apr 27 2011, 01:16 PM)
Hi, I'm new here. Keen to buy link house at Twins Palm.

Madmoz, how much you paid for subsale? Not sure about the subsales price . Thanks.
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When I visited Twin Palms 2 months back, the SA brought me to see a fully furnished link house and they are planning to sell it at 800K. The house is really nicely furnished.

Personally, I do not like the superlink house due to the design (big air well and high ceilling making the area at the top level very narrow and limited. But the environment is really nice. smile.gif

This post has been edited by naleh33: Apr 29 2011, 08:40 AM
TSnaleh33
post Apr 23 2012, 10:09 AM

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QUOTE(beanrider @ Apr 23 2012, 09:58 AM)
hi, anybody wan to sell his semi d here..sms me 012-3457668
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Are you a property agent? What's the price range like for 2 storeys Semi-D in TP now? tongue.gif
TSnaleh33
post Jun 5 2012, 10:05 AM

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QUOTE(leetika @ Jun 5 2012, 08:50 AM)
Twins9 morning! any idea new project name Pearl Residence@Kajang beside Saujana Villa?
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Why not get a unit in TP? icon_rolleyes.gif
TSnaleh33
post Jun 6 2012, 08:25 PM

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QUOTE(twins9 @ Jun 6 2012, 08:01 PM)
For own stay, I still choose TP as it is more mature and closer to amenities than GR.  For investment, you can't deny the returns (on paper) so far is great.  The Rm800k+ semid is now asking for Rm1.4mil and further upside when they launch another new phase at RM1.7mil later this year.

What makes GR ticks?  It is at cyberjaya, IT hub of malaysia, has great connectivity through MEX, Putrajaya highways,  Putrajaya Sentral, MRT and close to LCCT/KLIA as well.

TP, though surrounded by greeneries, is in the "Kajang putih" region, known for low costs houses, floods and daily jams!
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Totally agreed thumbup.gif TP is a matured neighbourhood for own stay. Nice and serene environment. Fall in love when I visit TP though I have not stayed there yet haha brows.gif

Somehow I think Cyberjaya still do not have the substantial attraction for me to invest there. Paper gain is obviously much higher because of those big players' presence. Good marketing and housing concept attracts potential buyers.
TSnaleh33
post Jul 16 2012, 12:33 PM

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QUOTE(HappyA_Q @ Jul 16 2012, 11:58 AM)
Thanks Ultraman. I think going up one floor is manageable. Besides, it's good to walk up and down.

Wonder why TP Sg. Long is not really selling like hot cakes.

You could also put in a nice aquarium on groundfloor + some book racks.
And if you have kids, make them study on the groundfloor whereby there isn't any TV! smile.gif
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Yeah, I am wondering as well why TP is not selling like hot cakes, when it is gifted with nice natural surroundings, very well neighborhood setup, a perfect place to raise a family, the access road to TP is smooth as well compared to Sungai Long. The only major drawback will be the toll.

Maybe most of the Malaysians just do not like to pay toll to leave their house. Other than that reason, I can't see why the price can't appreciate. The previous semi-D project (Arecca) was selling at about 1mil. Maya is only 300-500K appreciation. For other projects, I bet it will be close to 2mil.


TSnaleh33
post Jul 16 2012, 01:24 PM

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QUOTE(prody @ Jul 16 2012, 01:20 PM)
I came pretty close to buying quite a while back, but I didn't like the increase of 300-500k.
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Are you expecting Maya launching does not have any price increase compared to Arecca? brows.gif
TSnaleh33
post Jul 16 2012, 02:10 PM

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QUOTE(twins9 @ Jul 16 2012, 01:51 PM)
What I dont understand is that nobody complains when Puchong increase their launch price by 500k, but ppl expect to buy Sg. Long houses at stagnant prices of 2010....

And..when it was at RM800k-1mil from 2007 to 2010, nobody interested to buy then.
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Many of us are still having the perception that Sg Long is a isolated and undeveloped area. Hence, it does not deserve price increase compared to hot area like Kinrara, BJ and Puchong. Another possibility pointed out by our forumer, projects in Sg Long in particular TP, did not have very aggressive marketing campaign like other developers eg. SP Setia.

Maybe we need some reputable and aggressive developers to invest their interest in this area such as building some prominent mall to get more attention. laugh.gif

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