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

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?

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.

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?

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.

Are you expecting Maya launching does not have any price increase compared to Arecca? 

I wonder why TP sales are so slow.  Launched in 2007?? still not sold out yet.

Is it because of the toll?  Or over-priced?  Those smaller projects like La Ville, Impian Tropika, etc all sold out not long after launch.

---

Added on November 2, 2012, 12:18 am
I need 2 tv screen...one for fireplace and one for snow (window)...LOL.

Well, other developments also increased the price of their new launch.  The price of Rm1mil for semid was from 2010-2011, then increase for new launch of Maya.  I think that is reasonable unlike some project that increase the houses in the same launch by RM50k every couple of weeks/months.

When LC launched their first phase, 2.5 storey semid were already priced at Rm990k and above in 2007-2008? 

Just my opinion on this, based on a 10% yearly increase...

RM990k 2008
RM 1089k 2009
RM 1200k 2010
RM 1320k 2011
RM 1452k 2012....
Unlike others, LC did not increase the price of the semid as shown in my calculations.  Instead they try to sell of most of the units close to launch price and just increase the Maya price to reflect true values of the market...

That is why you see a jump from RM1mil to RM1.5mil.

Of course, you are free to choose any houses you like.  Tropicana Cheras is a great choice as now they are really giving very good discounts for the house...if you still like this area.
My cousin bought taming mutiara which was launched by developer at around Rm700k.  She paid RM1.2mil for that in 2010 or early 2011.  I feel that is not worth it as the semid was built on a RM700k budget.

You are correct in the years prior to 2010.  From 2010 onwards, the price increase exceed 10% annually, some almost 40%. 

Have you bought your dream home?

Wonder why you single out TP, (which has the slowest price increament) among similar SDs in g&g. 

There is a new project, Canary Residence in Cheras Hartamas.  Maybe you can look at that one...

---

Added on November 8, 2012, 6:05 amPrody,

FYI, Canary Residence is leasehold, town villas 3 storey-2400 sq ft, 4 storey 3200 sq ft, price 1.2mil-1.6mil.  Maint fees 350-450 per month.

Maybe that is more to your liking?  I may be bias, but for the same price, I would prefer to buy a freehold semid instead, with similar built up and similar facilities...though it may be further from town and not toll free.