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Investment ALAM SANJUNG SERVICE APARTMENTS [OWNERS' THREAD], Affordable and launching next month

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wil-i-am
post Jul 16 2013, 05:59 PM

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block a-west (inside instead of near alam idaman) will be facing alam prima rite? if yes can't c graveyard
wil-i-am
post Jul 23 2013, 07:38 PM

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From The Edge Malaysia on 5 July 2013

FOR Eric Yong, executive director of Crest Builder Holdings Bhd, the first half of 2013 has been a rather quiet period. The company held back the launch of new developments due to market uncertainty caused by the general election and focused more on other matters, such as getting approvals from the authorities.
With the election behind us, the developer expects the next 18 months to two years to be very exciting as it has a number of launches lined up — the small office/home office (SoHo) components of Avenue Crest and Alam Sanjung in Batu Tiga, Shah Alam; The Galleria in Jalan Ampang; and the Dang Wangi light rail transit (LRT) redevelopment project in Jalan Ampang.
Yong says these new projects will keep the developer busy for the next two years. "Going forward, we will line up a few other projects but that will be towards the later part of the year."
In 2004, Crest Builder purchased a 22-acre freehold tract in Batu Tiga, Shah Alam — which it dubbed Alam Hijau — from Pengurusan Danaharta Nasional Bhd. Alam Hijau comprises five phases — Alam Prima, Alam Mesra, Alam Idaman, Avenue Crest and Alam Sanjung — and has an approximate gross development value (GDV) of RM900 million.
The first two phases, Alam Prima and Alam Mesra, were sold en bloc to Syarikat Perumahan Negara Bhd (SPNB) for RM147 million in 2005.
Avenue Crest is the fourth phase of Crest Builder's Alam Hijau development. It is made up of three components — retail, office suites and SoHos. The project commands a GDV of RM135 million.
With the SoHo suites set to be completed by December 2013, Crest Builder is looking to officially launch the units before Hari Raya Aidilfitri and to allow buyers to collect their keys within three months of their purchase.
In 2010, Crest Builder held a private viewing of Avenue Crest's offices suites, which occupies eight floors of the 24-storey tower. The "soft launch" was only open to company employees and later, to immediate family and friends.
To date, Avenue Crest has sold 75% of the office suites, and secured an overall sales rate of 40%. With Avenue Crest's tentative official launch to be held before Raya, Crest Builder is looking to soft launch Alam Sanjung — the fifth phase of Alam Hijau — sometime after Hari Raya.
With a GDV of RM300 million, Alam Sanjung consists of two 24-storey towers. Each tower has 300 identical units with built-ups of between 864 and 980 sq ft and are priced at RM370,000 to RM530,000.
There are also 14 units of shops and 48 units of SoHos within the two towers. The facilities will be located on the seventh floor. Alam Sanjung adopts a green-living concept and offers herb and zen gardens.
The developer is only opening Tower A for booking. Pre-registration will start on Aug 24. "Right now we have 2,800 registrants and sales will be conducted on a first-come, first-served basis," says Yong.
Crest Builder decided to venture to Batu Tiga as development was shifting towards the area from Subang Jaya and Petaling Jaya, he says. "Looking at the immediate vicinity of Alam Hijau, there are close to 1.3 million people living within a 20-minute radius of our development."
Yong adds that with the skyrocketing property prices in Subang Jaya, Shah Alam is the next best location to look at. Batu Tiga is just five minutes away from the Guthrie Corridor Expressway, the North Klang Valley Expressway, the ELITE Highway and the Damansara-Puchong Highway."To add value to our development sites, there are plenty of offices nearby," he says.
The company is in the midst of reacquiring Alam Mesra from SPNB and plans to relaunch the development around mid-2014 with a build-then-sell concept in mind.




wil-i-am
post Jul 26 2013, 12:35 AM

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possible alternative roads:-
1. existing road at jln budiman will connect to federal highway
2. existing road at jln budiman will connect to jln pengapit 15/19
3. existing road at jln mawar (kg area) will connect to road at Nirvana
which one you prefer? lets vote.....
btw, blok a & b of alam sanjung (facing west) will be block by alam mesra in future
wil-i-am
post Aug 6 2013, 11:12 AM

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Entire Alam Sanjung (facing east & west) will be block by Alam Mesra (to be develop in 2015). Smell come from rubbish (managed by Worldwide Environment S/B) at Nirvana. An access road will be build which will link existing Jln Budiman to Federal Highway (cut through existing piece of vacant land next to Alam Prima & Alam Sanjung)



wil-i-am
post Aug 7 2013, 05:17 PM

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Once Alam Sanjung is ready, can go to AEON for shopping at D'Kayangan, Sec 13 Shah Alam
wil-i-am
post Aug 10 2013, 06:46 PM

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Met SA today
They are launching Block B now
Open 8th to 14th flr only
Entire 8th & 9th flr reserve for Bumi
10th, 12th & 14th flr (east) alredy booked by bulk purchaser
11th & 13th flr (east) alredy booked by bulk purchaser
They offer DIBS, SPA legal fees, 2 c/park, 2% rebate (non Bumi), 7% Bumi discount, booking 1k


wil-i-am
post Aug 13 2013, 05:22 PM

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Their panel banker is Rhb, Hlb and Ambank. Did any purchaser of Blk A manage to obtain financing?
wil-i-am
post Aug 14 2013, 02:08 PM

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Just received call from CB to sign SPA & LO to qualify for RM5k gift. Bank loan still pending approval. Did any purchaser of Blk A sign SPA?
wil-i-am
post Aug 15 2013, 10:37 AM

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QUOTE(ex660 @ Aug 14 2013, 04:22 PM)
whrs the showroom or dev office?
wanna drop by n have a look
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Their sales ofiz @ Tmn Megah, PJ
wil-i-am
post Aug 15 2013, 10:49 AM

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QUOTE(tikaram @ Aug 14 2013, 04:22 PM)
try look for block A.

block B i estimate 15% price increase.
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Took 10th floor for comparison. Price increased by 16.55% for Blk B
wil-i-am
post Aug 15 2013, 10:55 AM

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QUOTE(tikaram @ Aug 15 2013, 10:39 AM)
they have got booking reach 70% already.

Now show unit is being constructed at site. I collecting my rental and passing by there.
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70% booking for Blk B?

Saw construction on-going besides Alam Sanjung site (facing highway), is this the show unit?
wil-i-am
post Aug 15 2013, 11:23 AM

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QUOTE(liam_emmet @ Aug 15 2013, 11:14 AM)
yup..once tropicana and bdrb fully constructed, sure will damn 'huat'
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Kasi bungkus 1 (breakfast) + 1 (lunch) + 1 (dinner) cepat.....
wil-i-am
post Aug 15 2013, 11:47 AM

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QUOTE(alex_king @ Aug 15 2013, 11:30 AM)
keep for 2-3 year should have profit
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Alredy paper profit of 16.55% for those buyer of Blk A provided loan financing approved. Future catalyst include LRT line passby Shah Alam (at Shah Alam stadium which is 3km away)
wil-i-am
post Aug 15 2013, 06:23 PM

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QUOTE(wennew @ Aug 15 2013, 05:04 PM)
My friend got extra unit in block A willing to let go. Pls PM if interested.
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Wah..... When pressure by Developer to sign SPA, flip to make big $$$
wil-i-am
post Aug 15 2013, 10:35 PM

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QUOTE(JamesPond @ Aug 15 2013, 11:29 AM)
why sure huat?
CB will always a CB.
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Yesterday CB : Conan Barbarian
Today CB : Cute Baby
Tomorrow CB : Caring Buddy
wil-i-am
post Aug 16 2013, 12:30 PM

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QUOTE(tikaram @ Aug 16 2013, 08:17 AM)
for a while. I actually not so much worry about that.

1)This Sanjung is under affortable categories. For sure got rental demand compare dijaya 650psf etc. {most the new launching price ( only 2 bedrooms) is more than this (3 bedrooms)} + your cost lower, your breakeven point also lower. su sure not rugi la.
2) Got many University there. ptpl 5.5k. Pssaas 6k, Msu 12k, KDU >10k.
3) Got more office block coming up @ Dijaya and the BRDB land. Factory big and small nearby hicom, subang, shah alam
4) Got huge mall/commercial under planning- dijaya, Brdb, Kencana, icity, CSR land, Crest Avenue, Shah Alam stadium areas TTDI sentral,Subang City Center etc etc.
5) Next to highway. kesas, federal, hicom-puchong, elite
6) KTM ( reasonable waking distance) is one station to Subang Jaya LRT + Future LRT at shah alam on planning stages

I worry on the flood and the enter/exit. hmm.gif

from my 1 to 6 above. what do you think now?
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++1
wil-i-am
post Aug 16 2013, 04:54 PM

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Rec'd call fr CB to sign SPA next week. Did anyone sign d SPA?
wil-i-am
post Aug 16 2013, 11:29 PM

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QUOTE(tikaram @ Aug 16 2013, 11:20 PM)
don't forget bring check book for paying disbursement 380.00
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RM1k booking is insufficient?
wil-i-am
post Aug 17 2013, 08:58 PM

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QUOTE(taithinye @ Aug 17 2013, 04:17 PM)
Most important is location
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Alam Sanjung to Tropicana Metropark is about 3km +/- thumbup.gif

wil-i-am
post Aug 19 2013, 10:05 AM

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QUOTE(mochamixer83 @ Aug 18 2013, 10:32 PM)
haiya, how to compare...one in batu 3, another at seksyen 13...

one next to carlsberg, one near amenities...

but one near to federal n opposite bdrb n tropicana development, another one naza ttdi...

one affordable housing...another wanna do classier....

never a straightfwd decision to make biggrin.gif

but now BOTH also kinda hard to buy alredi leh
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Metia - Not sure
AS - Blk A all sold but Blk B still have

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