Heard from the SA and saw the newspaper that the developer is going to adhere Green Building Index compliant. According to the SA, during their Sales briefing before launching, they already aware about this GBI. Is just that their boss don't want their staff to emphasize so much on this GBI. So, is a very good selling point for the buyer to rent their property to foreigner which are particular to rent a green building compliant building instead of normal building especially the international MNC client.


http://yuktung.com.my/pdf/ad_20120601_TheStar.pdf

I heard that they are big developer starting to buy out from the existing house owner opposite the Leaf condo which is also beside central residence. That land is huge. if the news is true. That will bring a lot of cheer to The Leaf and Central Residence coz I do believe that if the development land is big, the developer will go for multiple phase and mix development. Nowadays, strategic and good location huge land is difficult to come by.

I am also a bit of confuse. Refer to the S&P, the SOHO is under service apartment category. I got my loan from A****ce Bank and is under Residential Loan (90% margin). I think is solely depend with the banker on under what status they are applying to. They will still imposed 70% LTV if you are buying 3rd property but you can get high margin 90% base on residential loan. Commercial loan will definitely lower ur margin and shorter tenure loan period.

Another Masterpiece Award

Updated News from The Star 23 July 2012
http://www.yuktung.com.my/pdf/ad_20120723_TheStar.pdf


HEARTIEST CONGRATULATIONS TO HR GROUP OF COMPANIES FOR BEING AWARDED INTERNATIONAL STAR FOR LEADERSHIP IN QUALITY AT THE ISLQ AWARD PARIS, 2012

A RECOGNITION TO LIGHT UP THE FUTURE
The International Star for Leadership In Quality Award presented by Business Initiative Directions (B.I.D) recently held in Paris was participated by companies from 117 countries. During this time, participating leaders from all manner of industries had
submitted their proposals and among the few who triumphed were the HR Group, one of Malaysia's leading and fastest growing property developers with interests expanding out to China, the UK and Oceania. Over the years, the company has displayed prodigious strength in management quality, bringing success and profitable ventures through its numerous undertakings with The Yuk Tung Group, which today is yet again recognized internationally via this prestigious Star Quality Award.
The criteria for being awarded an International Star Leader in Quality Culture (ISLQ QC100 certification) involved demonstration of excellence in the designated industrial sector exhibiting increased market share, improved results and sustainability. This prestigious award, given to leaders by leaders is created by 26 media publications from around the world that orient themselves towards change and market trends, with special focus on innovation, growing brands, technology, and new products, covering
a multitude industries from property development and manufacturing to business and finance.
After months of vetting, the gala presentation was finally held at the Concorde La Fayette Hotel in Paris and the cited qualities for HR Group included valuing customer satisfaction while obtaining positive business results; meeting quality levels; encouraging teamwork for decision making; satisfying the needs of clients and meeting their expectations; providing human resources, both technical and economic to achieve continuous improvement for the environment; managing human resource
to achieve maximum potential; and making employees aware of the importance of the most profitable areas of activity in order to achieve the best business results.

From The Star Advertisement
http://yuktung.com.my/pdf/ad_20120808_TheStar.pdf

INVITATION TO THE LAUNCHING of THE COURT Service Apartment,
Central Residence @ Suria Sungai Besi, Kuala Lumpur

DATE : 11August 2012 (Saturday)

TIME : 10.00 am – 6.00 pm (Refreshment will be served)

VENUE : Shangri-la Hotel , Kedah & Selangor Room, Basement II, 11, Jalan Sultan Ismail ,50250 Kuala Lumpur

SPECIAL EVENT
Event 1:
Property Outlook 2012 : by Mr Ho Chin Soon 11.30am & 2.30pm

Event 2:
Maybank Property Financing Solution 2012:
by En Masrul Affendy Manager, Business Relationship-
Consumer Finance, Community Financial Services 12.00noon

>>>Feel like going and listen to Mr Ho Chin Soon expertise view about this project and Sungai Besi Area.

Should be everyone is invited coz is advertise in the STAR newspaper. You only need to make appointment if you want to view the showroom. You will see the advertisement by tomorrow 10 August 2012.

As u mention is just beside sungai besi highway. So, it depend on which direction you are coming from. If you come from KL (Jalan Tun Razak), you just need to turn left to the Building. Is on the left of the highway. Say, if you come from the MRR2 highway or The mines tol , you need to take a u-turn at the Kuchai Lama Junction (Beside the LEAF condo) which is around 600 meter from the building.

So, solely depends on which direction you are coming from or going to. If your building is located beside the Highway, most probably you need to take a u-turn on either way. I guess there is not much condo that has a direct link from the highway. The one that I know is The Zest that has direct link from highway (Ramp built by developer) , along the bukit Jalil highwa but u still need to make a u-turn if you want to go to KL direction.

Are u sure no one buy the court service apartment? The larger units 1122 and 1115 sqft all sold out. Left the smaller unit available. Last month, I heard was more than 50 % sold. You can check with the sales agent to know the sales response.

The built up area for phase 1 is mainly 565 sqft while the phase 2 area start from 845 to 1115 sqft. So, phase 2 price range is higher starting from RM 470K to RM 650K. If you divide per sqft, the bigger unit per sqft price is lower.

Type S1 = 565 sqft (1R +1B)
Type S2 = 731 sqft (2R +2B)
Type S3 = 686 sqft (1R +1B)
Type S4 = 762 sqft (2R +2B)
Type S5 = 729 sqft (2R +2B)
Type S6 = 811 sqft (2R +2B)
Type S7 = 578 sqft (1R +1B)
Type S8 = 876 sqft (3R +2B)
Type S9 = 643 sqft (1R +1B)

Hi Wawa818,

Since you bought the last units. Did the developer still give you early bird discount of 8%??

According to the Sales Agent, some banks do offer DIBS scheme but not everyone can qualify. If I am not mistaken, you are not entitle for the 8% discount if you go for DIBS scheme. You can check with the SA from the developer for firm answer.

Definitely no Mechanical Car Park. Is either 1st in last put OR side by side. Have to check with the SA when you purchase the units. Is written in the S&P with the designated carpark space highlighted.

Nice job form the developer. At least they update the site progress.

---

Added on September 12, 2012, 6:06 pmI think they should provide high speed fibre internet for at least SOHO (Small Office Home Office) units due to some owners might turn into office use where good internet support is needed.

This post has been edited by jastan: Sep 12 2012, 06:06 PM

Yah, is built on abandon site. They demolished the existing leftover buildings. I guess the left over have yet to demolished.

Yes, some serviced apartments in malaysia are not protected by Housing Development Act (HDA). But u dont worry, Central Residences is govern by Housing Development Act (HDA) as written in S&P.

On this Central Residence development is divided into 3 phase ( 3 buildings on the same 6 level multi-storey carpark with 2 level basement).

First phase : Central SOHO Residence, Facing Sungai Besi Highway (Besraya)( 3-type : Commercial Shoplot at Ground Floor, Office at LG to Level 2 and SOHO at level 6 to level 27)

Second phase : Central Court Residence, Facing KL-Seremban Highway (Service Apartment)

Third phase : Central Centrina Residence, Facing KLCC View (Service Apartment) (Not Yet Launch)

I hope I have cleared your doubt.

The brochure for Central Court Residence only show few pages information. Is not as detail as Central Soho Residence brochure. Maybe the Court sell well and they don't need impressive brochure and cost cutting.

I have only 1 image of the Central Court Residence floor plan as attached. You can actually download from the Central Court Residence e-brochure or you may ask the sales agent, go to their showroom and roadshow for more details.


Attached thumbnail(s)

Yah, u are right. I also heard from the Sales Agent. Due to the built up is much more bigger and the price tag for 3rd Phase (Central Centrina Residence) is way too high, it will be a hard time to sell to local market.

The SOHO in Sunway Velocity are selling around RM590K and smaller units due to they location is between 2 MRT station. So, you pay premium for the location next to MRT station. Same goes to You City at Cheras batu 9.

Although Central Residence Soho selling at RM 550 per/ft2 which are a bit expensive (at current market price) but they are much worth than buying SOHO in Sunway Velocity and You City at Cheras batu 9.

Central Residence Soho has and edge on facilities such as Sky pool/gym, 2 parking lots, Green Building Index complaint ( Sunway Velocity Residence is Green Mark certification from Singapore) , Unit partially furnished, SKY Garden every 3 levels, Min 2 rooms in each units (Normal SOHO is 1 room)and the main selling point for Velocity and You City is next to MRT Station but Central Soho nearest LRT station is 2km away.

Is it worth to pay extra 20-30% for the sake of the location next to LRT/MRT station?