As of today (26th March 2013)....

1168sqf is RM 590k up.... depend on which floor... Every floor add on anopther RM 5k - 10k perhaps...

Well, holding power for this condo is very high... i foresee there will be still higher price can fetch.

Good luck to all the owner who bought there earlier...

Base on 590k@1168sqf. its only RM505/sqft.

I still feel that this FREEHOLD Gembira Residen can sell up to RM550/sqft or RM645k for 1168sqft consider cheap compare to nearby Leasehold development.

Surprise Surprise
Surrounding new launches already 600-700 psf onward already wor...


Bukit Kiara Properties to build serviced apartments with retail element
By THEAN LEE CHENG | The Star BizWeek | Saturday March 16, 2013
http://biz.thestar.com.my/news/story.asp?f...27&sec=business

THE Tongs of Bukit Kiara Properties Sdn Bhd (BKP) fame will be returning to the Old Klang Road area where patriarch Datuk Alan Tong first developed OG Heights condominium under the Sunrise name.

His son Datuk N.K. Tong will be turning the former Alamanda College along Old Klang Road into a serviced apartment project with retail element.

The former Alamanda College site, comprising two 24-storey blocks just a stone's throw away from the Scott Garden commercial project, will be converted into VERVE Suites KL South with 321 residential units and 45 small office, home office (Soho) suites.

This latest launch by BKP is significant because the project will be the first new launch for the company in almost two years.


Bukit Kiara Properties will be converting these two blocks into VERVE Suites KL South with Affin Islamic Bank in a joint venture.

Furthermore, it will be a brownfield project, the first for the company. The property was formerly owned by Singaporeans.

Tong, in his 70s, has more than 50 years experience in property development. He formed Sunrise Sdn Bhd in 1968. Together with Ngoh Development, a company owned by his father that owned four pieces of land in Klang, Sunrise embarked on its first project, OG Heights at Old Klang Road, in 1984.

According to property blogs, the BKP property will be RM650-RM1,000 per sq ft.

VERVE Suites KL South will be the latest project on what is considered as one of the Klang Valley's oldest road.

Location-wise, some of the most established townships are located with access via Old Klang Road. Taman Kuchai, Overseas Union Garden, Taman Yarl were the earlier townships. Taman Kinrara and Puchong came later.

Most of these townships comprise landed housing because when they were built, land was not an issue as there was an abundance of it. Today, the story is slightly different.

It was and continue to have within its a geographical reach quite a number of thriving commercial and residential townships. A lot of the rich and older generation continue to live there. For the younger generation who have moved away from their family homes, Old Klang Road holds much sentimental value for them.

VERVE Suites KL South will be undertaken as a joint-venture project under BKP's holding company Albatha Bukit Kiara Holdings Sdn Bhd and Affin Islamic Bank Bhd, with a potential gross development value of RM300mil.

KL South Development Sdn Bhd, a specific joint-venture company between the parties, will develop VERVE Suites KL South. The developer will not be adding any floors to the original structure and is currently preparing its show unit.

Unit size begins from 500 sq ft. There are no confirmed details how much the units will be going for. BKP's press invitation to next Monday's signing ceremony between BKP and Affin Islamic described it as an “innovative residential” development.

It will be one of the more upmarket projects in that locality. The Scott Garden will be the nearest high-rise residential with Tesco and the Old Klang Road wet market within walking distance.

Jalan Klang Lama and its surrounding areas will be seeing quite a number of high-rise developments. While some of them are nearing completion, there are several current launches.

Among the nearest to BKP's project is Avantas Residences. This is being developed by CPI Development Sdn Bhd. Reapfield is marketing it at RM710 per sq ft before rebate and RM615 after rebate. This freehold project comprises 198 units of service apartments that will sit on about an acre. It will have a single block of 28 storeys with units ranging from 700sq to 1,200sq ft.

See Hoy Chan Group has Seringin Residences in Kuchai area. Only units of 2,100 sq ft and above remain and these are priced from RM1.1mil onwards, or at more than RM500 per sq ft. The UOA group, known for its projects in Bangsar South is building Le Yuan Residences in Kuchai, at between RM500 and RM600 per sq ft. This is expected to be completed in 2015.

Other projects sited on Jalan Klang Road includes 9 Seputeh by Gapurna group, which is being merged with Malaysian Resources Corp Bhd. This will be launched in the next couple of months.

Another freehold development is Residence 8 by OCR Land Holdings Sdn Bhd located off Jalan Puchong. The project is 100% sold, at about RM450 per sq ft. The project is expected to be completed next year.

I don't think so lah, bro.

Every floor add another RM 5-10k is very huge comparison, if this is the case, low floor or medium low floor could be sold much faster and the high floors have to wait 1 or 2 years later.

Ex. Level 5 RM 590k but Level 15 ( increase 10 floors ) is selling RM 640-690k for same size?

I think it's depends on supply available and how urgency the demand, if one likes high floor, he wont buy lower floor although RM 10k cheaper, but if RM 20k-30k cheaper, it might be different story.

288 residency by akisama across the road from gembira residen is still not sold out. 500 psf with DIBS somemore. THe smaller units I heard were sapu by agents and now trying to sell in the market.

I think 600k and above is harder to sell.. monthly mortgage is 3k a month. For akisama, loan is not even 90%, 89% for one carpark, additional carpark is cash. Total cash upfront is almost 100k.

any agent or owner wanna let go, Gembira please pm me. fyi, for own stay

Thats why with all this ridiculous price surrouding property.
Make this GR like dirt cheap.

Think the price will gone up after all compared the finishing with the rest as many
said the GR finishing are quite good.

If I'm not mistaken 288 Res was launched almost same time as Seringgin & LeYuan as an underdog comparing with this 2 big giant. Everybody know that this 2 heavyweight developer property almost sell by itself strong brand name very reputable but nevertheless they also set up a show unit beside having the mock-up model to sell during their launching.
As we know GRes & Seringgin both are located directly at the main road therefore they r easily be seen either from far & near but I believe a lot of ppl may not know where is 288 Res which is hidden by those illegal parking & hawker along the road leading to the site. It seem the lane in front of the futsal centre will be expanded that will lead you to LeeYuan & to the main road in the future.
Even GRes has some left over unit also it was sapu habis last year.
I think is the same for 288 to have some left over unit especially those larger & lower unit.
Guess is not bad for 288 Res selling @ 500 psf - (DIBS 5%) 25 = 475 psf now
Don't forget it was sold..........
without any show unit
only package with 1 car park (whereas GRes come with 2 car parks)
being an underdog
located inside the main road
As to summarize all this factor there is definitely an indication of strong demand in this area probably due to the Chinese school & the surrounding amenities available.
It look like both still have the potential to move up to 550psf as we r aware our old klang road latest condo launching is crossing above the 600psf pricing.
A cheers to all the GRes & 288 Res owner

All this 4 project took year to sell, even until now after few years of launching, searinggin, 288 and lee yuan still have left over unit. Seringgin and LY will completed by next year. Beside that, the palace, Scott and art e near by also got plenty of unit left over, compare with other launch like glomac terrace in puchong, the sale is lousy in kuchai lama.

Bro u r comparing condos project with landed project that have limited units . It's a different type of product.

Seringin and ly are selling big units condo which is harder to move compared to studios and sohos etc

Have all the owners received their key, or do we have to wait till next month to move in?

288 and LY left big unit only???? else compare with what, KD? BJ? BSS? pls give a sample, i would like to know which place sale is worst than Kuchai Lama? example!!!!

covillea is better bet when compare with GG.

beware, the car park is far from block A and C. beware, those unit face west directly, beware for low floor unit, overlooking the low cost flat and mosque. just beware lah. Setia Walk is a lot lot better than this.

This post has been edited by Nikmon: Mar 28 2013, 09:32 AM

Boss since when did i said 288 sales? I'm talking about LY and Seringin. Please check my comments

anyway u should compare with landed as per your comment, don't compare with condos
peace out i prefer this location to stay than setia walk. you have your view on preference of setia walk. anyway just my humble opinion i don't invest in both project.

This post has been edited by tookinen: Mar 28 2013, 09:47 AM

+1
I totally agree with tookinen...even i still havent own any unit of g res yet...but my personal preference would be g res much more than setia walk...these 2 areas can b considered 2 different lifestyle...if give me an opportunity...i will definitely go for g res without 2nd thought...;-)

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This post has been edited by Junsmile: Mar 28 2013, 01:00 PM

Very nice, the unit in this picture look small, what is the size?

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This post has been edited by Junsmile: Mar 28 2013, 12:59 PM

are you serious?

21 ft length Living room, u said small!

From picture, I don't know the exact length and size, thats why I'm asking.

Anyone willing to let go their unit, let me know. Genuine buyer. Only want to deal with owners