Added on August 29, 2012, 5:09 pmFound this while google. 30% of aragreens purchaser need to be foreigner??
Source: Star Mar 17
The Ara Greens Wellness City project in Ara Damansara will have to fulfil 62 conditions set by the Petaling Jaya City Council (MBPJ) before the development can begin.
HSB Development Sdn Bhd chief executive officer Dr Y. C. Lim said one of the conditions was that the developer must ensure that the project brought in at least 30% of foreign buyers.
In the original plan, the project comprises six blocks of 15-storey service apartments, a four-storey medical centre, a 12-storey service apartment on a two-storey commercial podium and a two-storey basement carpark.
During the five one-stop centre (OSC) meetings and after two briefings with residents, the developer has agreed to reduce the number of apartment units from 780 to 700, have more open space, increase the number of parking bays and enhance landscaping. OSC subsequently approved the project with conditions.
Dr Lim said he was confident that the project would draw in foreign investments because many Japanese were planning to make Malaysia their second home.
“Japan Broadcasting Corporation (NHK) has sent a team here twice to film and introduce the concept to the Japanese and it received overwhelming response.
“We have also received a lot of e-mails from Japanese who are interested in the project under Malaysia My Second Home programme.
“Malaysia has been selected by a Japanese non-governmental organisation as one of the best destinations for retirees,” he said, adding he felt Malaysia has been lacking in attracting foreign direct investment compared with neighbouring countries.
“The service apartments will be medium-cost because of its location. If the foreign buyers want to go for a high-end property, they will look for something near KLCC and not in Ara Damansara,” he said.
He dismissed concerns by Ara Damansara residents that the service apartments might be changed into a hotel.
“Any developer will know it is not economically wise to build a hotel there,” he added.
The company has also been instructed to pay more than RM2mil for infrastructure and traffic dispersal.
About RM1.2mil will be used to build a ramp over the NKVE near the FAS tunnel, RM90,000 to build an interchange in Jalan Lapangan Terbang Subang and the rest for infrastructure.
Dr Lim said according to a report by the MBPJ Engineering Department, the traffic flow in Ara Damansara was good and would only increase by 2030 if there was aggressive development.
The report also stated the Ara Greens project would not worsen the traffic situation.
Dr Lim said the project’s nursing care, healthcare and retirement facilities would eventually benefit the community.
“Petaling Jaya has one of the highest ageing populations in Malaysia and the facilities will help to ease the state government’s burden on taking care of senior citizens.
“The healthcare and nursing facilities are also for residents in other neighbourhoods,” he added.
On the plot ratio issue, he pointed out the whole of Ara Damansara had been approved with 1:4 under the Petaling Jaya Local Plan 2 (RTPJ2) while the Special Area Plan 2 (RKK2) was still in the drafting stage.
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Added on November 19, 2012, 12:40 pmQUOTE(Raffy @ Nov 19 2012, 11:50 AM)
i got info this project 30% already sold to japanese....
Any idea is it on block basis or the purchasers are in different different blocks?
This post has been edited by CMW123: Nov 19 2012, 12:40 PM 
Oct 16 2012, 10:02 AM
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only hope from these two??
have to buy for own stay.. don't think there is any value for investment?
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