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 Potential Of Puchong Prima, What do you think??

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TSjuztborn
post May 8 2013, 01:49 PM, updated 13y ago

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Hi, would like to get all of your feedback regarding this area, Puchong Prima.

If compare to Bandar Puteri,(+80% in the last 3 years). This area appreciate by around 50%+ only. What do you think of the potential of the area?

Will further up? Slowly? or will be prime area after completion of LRT in another 1-2yrs time.

Greatly appreciate on your thought on this.
ANNIYAN_X
post May 8 2013, 02:40 PM

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QUOTE(juztborn @ May 8 2013, 01:49 PM)
Hi, would like to get all of your feedback regarding this area, Puchong Prima.

If compare to Bandar Puteri,(+80% in the last 3 years). This area appreciate by around 50%+ only. What do you think of the potential of the area?

Will further up? Slowly? or will be prime area after completion of LRT in another 1-2yrs time.

Greatly appreciate on your thought on this.
*
check this thread a lot discussion about puchong prima and it s future potential.

puchong prima

280 park homes @ puchong prima

for quick things:- 1)LRT cuming up
2) direct access from ldp but through m-city form puchong utama/majujaya (this interchange in tender process)

other that this place is mixed residential unless like Bandar puteri whr I guess only ada orang kaya..

so far new developments @ puchong prima as I noe is:-

1)280 park homes
2)lakeside aurora
3) m-city (middle of p.perdana & prima)
4) 3 storey hse (I gues coz the house damn big & huge) just exactly behind P.Prima 4
5) very close to the wharf (tasek prima)

This post has been edited by ANNIYAN_X: May 8 2013, 05:25 PM
zachozoi
post May 8 2013, 03:41 PM

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QUOTE(ANNIYAN_X @ May 8 2013, 05:40 AM)
check this thread a lot discussion about puchong prima and it s future potential.

puchong prima

280 park homes @ puchong prima

for quick things:- 1)LRT cuming up
                          2) direct access from ldp but through m-city form puchong utama/majujaya (this interchange in tender process)

other that this place is mixed residential unless like Bandar puteri whr I guess only ada orang kaya..

so far new developments @ puchong prima as I noe is:-

1)280 park homes
2)lakeside aurora
3) m-city (middle of p.perdana & prima)
4) 3 storey (I gues coz the house damn big & huge) just exactly behind P.Prima 4
5) very close to the wharf (tasek prima)
*
yes true +1
realproperty
post May 11 2013, 10:29 PM

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Puchong Prima will be a good place to stay.. LRT and new access road will solve the traffic issue.. potentially might appreciate better than Bandar Puteri one day..
XtraLeoGecko
post May 12 2013, 10:12 PM

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I was observing this area for almost a year (typically landed ds around the LRT station). Anyway, given up due to the high number of low cost flats at the main entrance area + not many Chinese.... Whereas the ds 20x65 was asking for 420K and above now (it was 380k a year ago but bank valuation only 330k a year ago too)....

Do not think it has further potential to go higher eventhough near to LRT station..... Suspect it would have high crime rate.... Not very nice neighborhood.....
ANNIYAN_X
post May 18 2013, 11:59 AM

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QUOTE(XtraLeoGecko @ May 12 2013, 10:12 PM)
I was observing this area for almost a year (typically landed ds around the LRT station). Anyway, given up due to the high number of low cost flats at the main entrance area + not many Chinese.... Whereas the ds 20x65 was asking for 420K and above now (it was 380k a year ago but bank valuation only 330k a year ago too)....

Do not think it has further potential to go higher eventhough near to LRT station..... Suspect it would have high crime rate.... Not very nice neighborhood.....
*
the main entrance is now thru puchong perdana which describe's as wat u say above... i feel when new entrance completes soon which passes thru millenia-city from puchongutama/majujaya interchange and joins jalan prima utama, so this the new main entrance shud be awesome rather passing lowcost flats as u say.[U]...puchong perdana no many chinese i guess but not prima,.....so the new entrance will directly join to puchong prima area... puchong perdana and prima both different taman..but now puchong perdana also appriaciates well....


and the prima lrt station is is situated quite strategically and almost walking distance to all the condo/apartment and terrace house there.... anyway it will always be a mixed residential area...anyway now got many bungalow plots which have new bungalows being built..anyway we'l see how in future...so those who have invest and not...this all based my observation so far...
RickRock
post Aug 27 2013, 04:00 PM

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QUOTE(ANNIYAN_X @ May 18 2013, 11:59 AM)
the main entrance is now thru puchong perdana which describe's as wat u say above... i feel when new entrance completes soon which passes thru millenia-city from puchongutama/majujaya interchange and joins  jalan prima utama, so this the new main entrance shud be awesome rather passing lowcost flats as u say.[U]...puchong perdana no many chinese i guess but not prima,.....so the new entrance will directly join to puchong prima area...  puchong perdana and prima both different taman..but now puchong perdana also appriaciates well....
and the prima lrt station is is situated quite strategically and almost walking distance to all the condo/apartment and terrace house there.... anyway it will always be a mixed residential area...anyway now got many bungalow plots which have new bungalows being built..anyway we'l see how in future...so those who have invest and not...this all based my observation so far...
*
Hi,

I'm staying in Puchong Prima 2 DSL freehold, brought at 2010, sub-sales RM350k. Manage to get 90% loan.

Not sure how much is the asking price now. Anyone got idea?

The future interchange mentioned still not sure when will realistic. Hopefully parallel with LRT extension. With this interchange, I think Puchong Prima will appreciate a lot as bypass all those low cost flat.


dansonmin
post Aug 27 2013, 10:50 PM

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wharf and M square on going~~and LRT somemore~~PP has big potential~~
ANNIYAN_X
post Sep 29 2013, 01:28 PM

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QUOTE(dansonmin @ Aug 27 2013, 10:50 PM)
wharf and M square on going~~and LRT somemore~~PP has big potential~~
*
millenia-city interchange:-- not yet start/no news so far....heard tender out ready..but??? Putama-MCity-Pprima

user posted imageUploaded with ImageShack.com

FUTURE LOOK:-

user posted imageUploaded with ImageShack.com

m-city (myb in ten years time:- hilton +shopping mall allready underconstructions and progressing well

user posted imageUploaded with ImageShack.com

the wharf:- underconstructions

user posted imageUploaded with ImageShack.com

Puchong prima station 11-underconstructions + progressing

user posted imageUploaded with ImageShack.com

user posted imageUploaded with ImageShack.com



so puchong prima mixed residential, sandwiched between mcity and wharf and with LRT station 11, and planned new interchange (THE MOST IMPORTANT) and mixed freehold/leasehold houses/condo/apartments seemsit has quite a good potential rclxm9.gif ...sametime could a very busy and bustling area.... nod.gif


wanchenghuat
post Sep 29 2013, 04:57 PM

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QUOTE(ANNIYAN_X @ Sep 29 2013, 01:28 PM)
millenia-city interchange:-- not yet start/no news so far....heard tender out ready..but??? Putama-MCity-Pprima

user posted imageUploaded with ImageShack.com

FUTURE LOOK:-

user posted imageUploaded with ImageShack.com

m-city (myb in ten years time:- hilton +shopping mall allready underconstructions and progressing well

user posted imageUploaded with ImageShack.com

the wharf:- underconstructions

user posted imageUploaded with ImageShack.com

Puchong prima station 11-underconstructions + progressing

user posted imageUploaded with ImageShack.com

user posted imageUploaded with ImageShack.com
so puchong prima mixed residential, sandwiched between mcity and wharf and with LRT station 11, and planned new interchange (THE MOST IMPORTANT) and mixed freehold/leasehold houses/condo/apartments seemsit has quite a good potential rclxm9.gif ...sametime could a very busy and bustling  area.... nod.gif
*
just to add.. the lake will be much smaller due to land reclamation..

user posted image

matthewctj
post Sep 29 2013, 05:16 PM

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QUOTE(ANNIYAN_X @ Sep 29 2013, 01:28 PM)
millenia-city interchange:-- not yet start/no news so far....heard tender out ready..but??? Putama-MCity-Pprima

user posted imageUploaded with ImageShack.com
Can I ask where and when this pix was taken? Last I heard, this wasn't going to be a full diamond interchange. Instead, those coming from PU will have to go straight past Maju Jaya towards Prima where there will be a future roundabout. No U-turn at the traffic lights. Have that changed?
commander571
post Apr 26 2014, 12:48 PM

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QUOTE(matthewctj @ Sep 29 2013, 05:16 PM)
Can I ask where and when this pix was taken? Last I heard, this wasn't going to be a full diamond interchange. Instead, those coming from PU will have to go straight past Maju Jaya towards Prima where there will be a future roundabout. No U-turn at the traffic lights. Have that changed?
*
Glad to hear that the construction of the interchange has been started laugh.gif laugh.gif laugh.gif
Kevin Chan
post Apr 26 2014, 01:01 PM

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QUOTE(XtraLeoGecko @ May 12 2013, 10:12 PM)
I was observing this area for almost a year (typically landed ds around the LRT station). Anyway, given up due to the high number of low cost flats at the main entrance area + not many Chinese.... Whereas the ds 20x65 was asking for 420K and above now (it was 380k a year ago but bank valuation only 330k a year ago too)....

Do not think it has further potential to go higher eventhough near to LRT station..... Suspect it would have high crime rate.... Not very nice neighborhood.....
*
unfortunately agree, unless some "cleansing" happen ... sensitive issue to over-hull the local population. need to wait until all the commerce areas is up to further see, Aurora, Millennium and Warf. hopefully people may be able to offer enough that the local will decide to let go and move on.

not the coming 10 years i am afraid. this entire place is encompass by lake, see who can see the potential and developed into a great lake areas.
ANNIYAN_X
post Apr 26 2014, 05:21 PM

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QUOTE(matthewctj @ Sep 29 2013, 05:16 PM)
Can I ask where and when this pix was taken? Last I heard, this wasn't going to be a full diamond interchange. Instead, those coming from PU will have to go straight past Maju Jaya towards Prima where there will be a future roundabout. No U-turn at the traffic lights. Have that changed?
*
QUOTE(commander571 @ Apr 26 2014, 12:48 PM)
Glad to hear that the construction of the interchange has been started  laugh.gif  laugh.gif  laugh.gif
*
QUOTE(Kevin Chan @ Apr 26 2014, 01:01 PM)
unfortunately agree, unless some "cleansing" happen ... sensitive issue to over-hull the local population. need to wait until all the commerce areas is up to further see, Aurora, Millennium and Warf. hopefully people may be able to offer enough that the local will decide to let go and move on.

not the coming 10 years i am afraid. this entire place is encompass by lake, see who can see the potential and developed into a great lake areas.
*
the picture of the interchange was taken i guess in the m-city sales office..it was on putraprima blog that was mentioning about m-city.... and yup very glad the constructions of the interchange as started..i hope this would reduce the jam and make the accessibility to prima more better.... by 2016 the interchange would complete and the LRT also should have completed by then....the interchange will just connect ldp to jalan utama 2 and then another road will be built from there connecting to jalan persiaran prima utama......

as for LRT far as i now by 2015 should operational up to station ioi mall. then the other subsequent stations untill is consider as phase 2. hopefully by 2016 LRT station prima oso operational parallel with the new interchange.. thumbup.gif

for the great lake area it depend on the success of mcity and wharf i guess, for me i see tis area as always will a mixed residential....

This post has been edited by ANNIYAN_X: Apr 26 2014, 05:28 PM
commander571
post Apr 26 2014, 06:02 PM

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QUOTE(ANNIYAN_X @ Apr 26 2014, 05:21 PM)
the picture of the interchange was taken i guess in the m-city sales office..it was on putraprima blog that was mentioning about m-city.... and yup very glad the constructions of the interchange as started..i hope this would reduce the jam and make the accessibility to prima more better....  by 2016 the interchange would complete and the LRT also should have completed by then....the interchange will just connect ldp to jalan utama 2 and then another road will be built from there connecting to jalan persiaran prima utama......

as for LRT far as i now by 2015 should operational up to station ioi mall. then the other subsequent stations untill is consider as phase 2. hopefully by 2016 LRT station prima oso operational parallel with the new interchange.. thumbup.gif

for the great lake area it depend on the success of mcity and wharf i guess, for me i see tis area as always will a mixed residential....
*


Wow, u mean the Jalan persiaran prima utama that located at the front of desa idaman?

ANNIYAN_X
post Apr 26 2014, 06:24 PM

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QUOTE(commander571 @ Apr 26 2014, 06:02 PM)
Wow, u mean the Jalan persiaran prima utama that located at the front of desa idaman?
*
no thats jalan prima utama 1, i mean persiaran prima utama that is the road directly in front of puchong prima stone signboard...it is a 4 lane road, 2in,2out but it is death end now, -> u can see the millenia city m-square mall under constructions directly at the death end of persiaran prima utama road. i thinl this road is the border between puchong perdana and puchong prima

refer this thread for more info- new road to puchong prima

This post has been edited by ANNIYAN_X: Apr 26 2014, 06:26 PM
commander571
post Apr 26 2014, 06:37 PM

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QUOTE(ANNIYAN_X @ Apr 26 2014, 06:24 PM)
no thats jalan prima utama 1, i mean persiaran prima utama that is the road directly in front of puchong prima stone signboard...it is a 4 lane road, 2in,2out but it is death end now, -> u can see the millenia city m-square mall under constructions directly at the death end of persiaran prima utama road. i thinl this road is the border between puchong perdana and puchong prima

refer this thread for more info- new road to puchong prima
*
Thanks bro! Saw there is a small reclaimed land located at the back of desa idaman (beside aurora contruction site) which stretch to the millennium city... m wondering whether they will build a road for access to the M square from there..

This post has been edited by commander571: Apr 26 2014, 06:38 PM
tiramisu83
post May 6 2014, 01:54 PM

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it is going to be a hot place within 1 to 2 years! I have an unit there tongue.gif
ANNIYAN_X
post May 19 2014, 03:02 PM

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QUOTE(tiramisu83 @ May 6 2014, 01:54 PM)
it is going to be a hot place within 1 to 2 years! I have an unit there tongue.gif
*
CHECK OUT THIS NEWS ON STARBIZ WEEKS==>>
MITRAJAYA TP DEVELOP LANDBANK


some of it here:-

SITTING on land worth over RM600mil, Mitrajaya Holdings Bhd’s market capitalisation appears small at slightly over RM300mil. But that is the problem that almost all companies with property held for development face – the market does not attach a premium for property that has yet to be developed. In the case of Mitrajaya, it also has RM1.2bil worth of construction contracts to date and the company plans to more than double the order book this year. As for its property division, Mitrajaya plans to launch projects amounting to RM2bil in gross development value (GDV) to realise its value. A big chunk of Mitrajaya’s fortune lies in its landbank, which is worth about RM620mil and booked at only RM160.55mil in the books. Speaking to StarBizWeek in an interview, managing director Tan Eng Piow says it will make strategic moves in unlocking the value of its land. Taking its 3.76ha at Seksyen 28, Petaling Jaya as an example, the plot sits along Federal Highway but as the development along the stretch has not matured yet, Tan prefers to keep it until the time is right.“Otherwise, we will not be able to realise the best value out of it,” he quips.
Another parcel that it holds for a long time is the commercial land in Puchong Prima, which is ripe to be reaped. Surrounded by commercial shops, Tan sees an opportunity for a different product that is more in demand now - mixed development. It plans to launch the RM1.5bil project next year. “Timing is right as the parcel will be served by the extension of the LRT Ampang Line in the future,” he says. The upcoming project sits on a 6.07ha parcel, which is the last piece of land available in the enlarged 101.17ha-integrated township development in Puchong Prima. The proposed mixed development project will consist of a five-storey shopping mall, one budget hotel and three blocks of serviced apartments with a net sellable area of one million sq ft. “We will build a link bridge to the LRT Station and will work with an international architect for this particular project,” he says.

the location is the GREEN CIRCLE IN THE PIC

user posted image



WAH NOW GOT ALMOST 3 MALL close to each other HILTON+MCITY MALL , THE WHARF MALL, AND NOW THIS???? blink.gif sweat.gif , ANYWAY rclxms.gif icon_rolleyes.gif
Query1981
post Sep 13 2014, 08:06 PM

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To all sifu,

I'm an interested for the property at Desa Idaman, the price is 410k and above. I find it quite high. What is all sifu sifu opinion in regard to the property there? is it the good spot for stay and investing? I seen the location is right in the centre of all the new development. Based on my own study, all new development is lease hold, but desa idaman is freehold. This seem to be an advantage toward the future prospect. Of course plus the strategic location to the LRT, THE WHARF, M-SQUARE ( HILTON ), Lakeside Auroro, and a new third mall build by the Mitrajaya development just right opposite jalan prima utama. It seem quite definite prima area will be the center of Puchong in the near future. Congestion I think it will be hard to avoid even if there is LRT and a new interchange but a least it will ease some traffic. What i mean is most popular area can't avoid jam anyway. If there is no jam popular area? if yes, I wonder how this area will be consider popular? Hahahahaha..!! Jam is the sign to show ppl are coming in the place to spend. Well, in short with so many malls n surrounding the areas I foreseen the property will boom like nobody business. of course if all the development is going well. house might start to touch million when everything is ready.

Please give me your input, all your feedback will be appreciated. ( Would like to hear more comment )

spencerlooi
post Sep 15 2014, 11:28 PM

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QUOTE(Query1981 @ Sep 13 2014, 08:06 PM)
To all sifu,

I'm an interested for the property at Desa Idaman, the price is 410k and above. I find it quite high. What is all sifu sifu opinion in regard to the property there? is it the good spot for stay and investing? I seen the location is right in the centre of all the new development. Based on my own study, all new development is lease hold, but desa idaman is freehold. This seem to be an advantage toward the future prospect. Of course plus the strategic location to the LRT, THE WHARF, M-SQUARE ( HILTON ), Lakeside Auroro, and a new third mall build by the Mitrajaya development just right opposite jalan prima utama. It seem quite definite prima area will be the center of Puchong in the near future. Congestion I think it will be hard to avoid even if there is LRT and a new interchange but a least it will ease some traffic. What i mean is most popular area can't avoid jam anyway. If there is no jam popular area? if yes, I wonder how this area will be consider popular? Hahahahaha..!! Jam is the sign to show ppl are coming in the place to spend. Well, in short with so many malls n surrounding the areas I foreseen the property will boom like nobody business. of course if all the development is going well. house might start to touch million when everything is ready.

Please give me your input, all your feedback will be appreciated. ( Would like to hear more comment )
*
Hi Query,
The place will only boomed after all project completion, and by that time, buyer has more option to choose.
New project definitely has a better advantage.
You need to compete with the rest of the new development if u buy now on the subsale, unless your targeted unit are well below market price then can give it a try.

If you cash rich and dun mind paying 10% upfront for sub sales, you may go ahead, if the unit is below market price is even better.

If you are tight on cash, why not go for new development where u can get better rebate from developer, ex Aurora condo has 8% rebate with 20K/30K cash back however u need to wait for expected completion in jun 17.


Query1981
post Sep 16 2014, 04:20 PM

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QUOTE(spencerlooi @ Sep 15 2014, 11:28 PM)
Hi Query,
    The place will only boomed after all project completion, and by that time, buyer has more option to choose.
New project definitely has a better advantage.
You need to compete with the rest of the new development if u buy now on the subsale, unless your targeted unit are well below market price then can give it a try.

If you cash rich and dun mind paying 10% upfront for sub sales, you may go ahead, if the unit is below market price is even better.

If you are tight on cash, why not go for new development where u can get better rebate from developer, ex Aurora condo has 8% rebate with 20K/30K cash back however u need to wait for expected completion in jun 17.
*
Current selling 410k. bank value 430k and market value I think 450k more or less. I understand the new development is always an advantage in term of value compare to desa idaman which is coming to 5 years. But I have a little concern as all the new development is leasehold. Therefore i was thinking desa idaman is a freehold strata. In long run, with the freehold title is always much valuable then leasehold. Just personal opinion. I did check the management of the desa idaman, there really maintain it really well as it doesn't look like 5 years old already. There's where I stuck in between the new property or the sub sales one. More feedback please~

Hartanah
post Sep 16 2014, 07:17 PM

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QUOTE(Query1981 @ Sep 13 2014, 08:06 PM)
To all sifu,

I'm an interested for the property at Desa Idaman, the price is 410k and above. I find it quite high. What is all sifu sifu opinion in regard to the property there? is it the good spot for stay and investing? I seen the location is right in the centre of all the new development. Based on my own study, all new development is lease hold, but desa idaman is freehold. This seem to be an advantage toward the future prospect. Of course plus the strategic location to the LRT, THE WHARF, M-SQUARE ( HILTON ), Lakeside Auroro, and a new third mall build by the Mitrajaya development just right opposite jalan prima utama. It seem quite definite prima area will be the center of Puchong in the near future. Congestion I think it will be hard to avoid even if there is LRT and a new interchange but a least it will ease some traffic. What i mean is most popular area can't avoid jam anyway. If there is no jam popular area? if yes, I wonder how this area will be consider popular? Hahahahaha..!! Jam is the sign to show ppl are coming in the place to spend. Well, in short with so many malls n surrounding the areas I foreseen the property will boom like nobody business. of course if all the development is going well. house might start to touch million when everything is ready.

Please give me your input, all your feedback will be appreciated. ( Would like to hear more comment )
*
Hartanah
post Sep 16 2014, 07:18 PM

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QUOTE(Query1981 @ Sep 13 2014, 08:06 PM)
To all sifu,

I'm an interested for the property at Desa Idaman, the price is 410k and above. I find it quite high. What is all sifu sifu opinion in regard to the property there? is it the good spot for stay and investing? I seen the location is right in the centre of all the new development. Based on my own study, all new development is lease hold, but desa idaman is freehold. This seem to be an advantage toward the future prospect. Of course plus the strategic location to the LRT, THE WHARF, M-SQUARE ( HILTON ), Lakeside Auroro, and a new third mall build by the Mitrajaya development just right opposite jalan prima utama. It seem quite definite prima area will be the center of Puchong in the near future. Congestion I think it will be hard to avoid even if there is LRT and a new interchange but a least it will ease some traffic. What i mean is most popular area can't avoid jam anyway. If there is no jam popular area? if yes, I wonder how this area will be consider popular? Hahahahaha..!! Jam is the sign to show ppl are coming in the place to spend. Well, in short with so many malls n surrounding the areas I foreseen the property will boom like nobody business. of course if all the development is going well. house might start to touch million when everything is ready.

Please give me your input, all your feedback will be appreciated. ( Would like to hear more comment )
*
Hartanah
post Sep 16 2014, 07:21 PM

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QUOTE(Hartanah @ Sep 16 2014, 07:18 PM)

*
Easily will hit the 500k for both Desa Idaman and Desa Impiana in 2016 when LRT complete.
cheddar
post Sep 16 2014, 10:18 PM

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ermm really like this forum bcause i have a unit in desa idaman. i think i want to sell that unit bcause ive buy another unit near my workplace. if i want to sell how much? if iwant to give a rent how much?
Query1981
post Sep 18 2014, 02:36 PM

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QUOTE(cheddar @ Sep 16 2014, 10:18 PM)
ermm really like this forum bcause i have a unit in desa idaman. i think i want to sell that unit bcause ive buy another unit near my workplace. if i want to sell how much? if iwant to give a rent how much?
*
Hi Cheddar, u got a unit? was it direct facing the lake view? mind to let me know which block n level? I'm looking to purchase a unit there. Many thanks
cheddar
post Sep 22 2014, 12:33 AM

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mine not facing the lake. desa impiana quite far lah fr. the lake. i think desa idaman is near the lake.
woolei
post Sep 22 2014, 01:47 AM

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QUOTE(Query1981 @ Sep 16 2014, 04:20 PM)
Current selling 410k. bank value 430k and market value I think 450k more or less. I understand the new development is always an advantage in term of value compare to desa idaman which is coming to 5 years. But I have a little concern as all the new development is leasehold. Therefore i was thinking desa idaman is a freehold strata. In long run, with the freehold title is always much valuable then leasehold. Just personal opinion. I did check the management of the desa idaman, there really maintain it really well as it doesn't look like 5 years old already. There's where I stuck in between the new property or the sub sales one. More feedback please~
*
I did research in this property before but in the end i choose to get away, because:

1) for a walk up apartment ,400k is really expensive
2) wont be good for rental, as it is walk up apartment, people rather choose for condo
3) the maintenance fees will getting more n more exp, due to the little sunway lagoon.
4) near by the school, very noisy and jam
5) near by desa impiana n new development, too many competitor
6) you can only aim for family type tenant with kid, because the selling point of this property is little sunway lagoon. While 80% of the potential tenant is student n fresh worker, this is not attractive enought.

You have a better choice in puchong prima.
ANNIYAN_X
post Oct 2 2014, 03:40 PM

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QUOTE(ANNIYAN_X @ May 19 2014, 03:02 PM)
CHECK OUT THIS NEWS ON STARBIZ WEEKS==>>
MITRAJAYA TP DEVELOP LANDBANK
some of it here:-

SITTING on land worth over RM600mil, Mitrajaya Holdings Bhd’s market capitalisation appears small at slightly over RM300mil. But that is the problem that almost all companies with property held for development face – the market does not attach a premium for property that has yet to be developed. In the case of Mitrajaya, it also has RM1.2bil worth of construction contracts to date and the company plans to more than double the order book this year. As for its property division, Mitrajaya plans to launch projects amounting to RM2bil in gross development value (GDV) to realise its value. A big chunk of Mitrajaya’s fortune lies in its landbank, which is worth about RM620mil and booked at only RM160.55mil in the books. Speaking to StarBizWeek in an interview, managing director Tan Eng Piow says it will make strategic moves in unlocking the value of its land. Taking its 3.76ha at Seksyen 28, Petaling Jaya as an example, the plot sits along Federal Highway but as the development along the stretch has not matured yet, Tan prefers to keep it until the time is right.“Otherwise, we will not be able to realise the best value out of it,” he quips.
Another parcel that it holds for a long time is the commercial land in Puchong Prima, which is ripe to be reaped. Surrounded by commercial shops, Tan sees an opportunity for a different product that is more in demand now - mixed development. It plans to launch the RM1.5bil project next year. “Timing is right as the parcel will be served by the extension of the LRT Ampang Line in the future,” he says. The upcoming project sits on a 6.07ha parcel, which is the last piece of land available in the enlarged 101.17ha-integrated township development in Puchong Prima. The proposed mixed development project will consist of a five-storey shopping mall, one budget hotel and three blocks of serviced apartments with a net sellable area of one million sq ft. “We will build a link bridge to the LRT Station and will work with an international architect for this particular project,” he says.

the location is the GREEN CIRCLE IN THE PIC

user posted image
WAH NOW GOT ALMOST 3 MALL close to each other HILTON+MCITY MALL , THE WHARF MALL, AND NOW THIS????  blink.gif  sweat.gif , ANYWAY  rclxms.gif  icon_rolleyes.gif
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Source: http://www.benoy.com/press/benoy-strengthe...esence-malaysia

the propose mixed development in puchong primaAttached Image

This post has been edited by ANNIYAN_X: Oct 2 2014, 04:00 PM


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Query1981
post Oct 12 2014, 11:35 AM

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QUOTE(woolei @ Sep 22 2014, 01:47 AM)
I did research in this property before but in the end i choose to get away, because:

1) for a walk up apartment  ,400k is really expensive
400k but the oncoming development is much more expensive plus mostly leasehold

2) wont be good for rental, as it is walk up apartment, people rather choose for condo
[COLOR=red]So far as for Desa Impiana & Desa Idaman rental may fetch to 1.5k-1.7k. I think among the nest rental value in puchong prima


3) the maintenance fees will getting more n more exp, due to the little sunway lagoon.
I get to know maintenance fee for desa idaman is RM205, if not mistaken desa impiana are about the same.

4) near by the school, very noisy and jam
For this there is a pro and con. School could be a value added to the property as couple who newly wed or family will willing to fork out more for the convenient to them. As for traffic jam, I would say, which place is not jam nowadays.. even ulu place also start to jam. Coz every year car is getting more on road. Unavoidable issue.

5) near by desa impiana n new development, too many competitor
For my point of view, I shall not see it as a competitor but rather and opportunity. As because of so many new development of residential and malls. This buyer is will definitely not from Puchong Prima. That mean, a new tenant from different area will start to moved in. Cum the development of the malls and train. Puchong prima I believe will be the centre of Puchong. As the commercial building and shopping mall all located in here. Price will definitely go up but in 3-4 years times, the price will shoot up even faster. old tenant will start to sell of the property and moved out and new tenant will moved in. That the cycle of development. Just like bangsar, sentul and etc as example.

6) you can only aim for family type tenant with kid, because the selling point of this property is little sunway lagoon. While 80% of the potential tenant is student n fresh worker, this is not attractive enough.
This is exactly why I look at it as potential. Family, Student and fresh worker. This is where the potential ppl who u which to rent out or stay around. That make the property good price. As the tenant is not some complicated tenant which many case the property price not moving up.


I'm feeling good for the Puchong Prima future development. Either buy now or never.


You have a better choice in puchong prima.
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ANNIYAN_X
post Oct 12 2014, 11:07 PM

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talking about access to this area... there is another access that was inplan and supposed to connect puchong permata to ldp at puchong barat toll... just like the majujaya interchange that is taking shape nw rclxms.gif ..... tis access also must be built... i think whn hua yang start their project at the land beside puchong barat toll... sure this access will be built... i only hope all infrastructure are built as per planned and materialize.....

not sure how the access will be built but shud be sthg as per attached....

This post has been edited by ANNIYAN_X: Oct 12 2014, 11:09 PM


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sam8585
post Oct 14 2014, 12:04 PM

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QUOTE(Query1981 @ Sep 16 2014, 04:20 PM)
Current selling 410k. bank value 430k and market value I think 450k more or less. I understand the new development is always an advantage in term of value compare to desa idaman which is coming to 5 years. But I have a little concern as all the new development is leasehold. Therefore i was thinking desa idaman is a freehold strata. In long run, with the freehold title is always much valuable then leasehold. Just personal opinion. I did check the management of the desa idaman, there really maintain it really well as it doesn't look like 5 years old already. There's where I stuck in between the new property or the sub sales one. More feedback please~
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For me i will suggest you to buy for desa impiana compare with desa idaman even this 2 property are under same developer.
Reason :
1. Density - Desa impiana - very low density per floor ( 6 units per floor only )@ desa idaman not.
2. Easy - Desa impiana - Got lift @ desa idaman - walk up
3. Facility - Desa impiana - Club house with quite alot of facility @ desa idaman - got, but less.
4. Secutiy - I think both security and maintenance done the good job.

This is my person of view .hope can help you. smile.gif
sam8585
post Oct 14 2014, 12:06 PM

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QUOTE(ANNIYAN_X @ Oct 2 2014, 03:40 PM)
Source:    http://www.benoy.com/press/benoy-strengthe...esence-malaysia         

the propose mixed development in puchong primaAttached Image
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Wah, another project for mitrajaya in puchong prima. rclxms.gif rclxms.gif rclxms.gif
I think the design is much more better and advance than m-square & the whaft..
Looking forward when this project going to launch. brows.gif brows.gif
zk9
post Oct 14 2014, 12:17 PM

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flood potential?. Last time i went through the road at south area of lake. Some road covered with water but not so serious. Only 1 feet
sam8585
post Oct 14 2014, 12:25 PM

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QUOTE(zk9 @ Oct 14 2014, 12:17 PM)
flood potential?. Last time i went through the road at south area of lake. Some road covered with water but not so serious. Only 1 feet
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KL also consider as flood area nowadays. tongue.gif
But agreed with you, can consider as flood potential as the development in puchong prima quite fast, so somebody must take a good care for the infa at puchong prima. icon_question.gif icon_question.gif
But my view remind the same, puchong prima definite will be the next booming area in puchong and very soon! icon_rolleyes.gif icon_rolleyes.gif
zk9
post Oct 14 2014, 12:31 PM

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developer should be a shopping mall at puchong prima. Haha then it will be another anchor town.
leftist
post Oct 19 2014, 09:32 PM

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QUOTE(sam8585 @ Oct 14 2014, 12:25 PM)
KL also consider as flood area nowadays. tongue.gif
But agreed with you, can consider as flood potential as the development in puchong prima quite fast, so somebody must take a good care for the infa at puchong prima. icon_question.gif  icon_question.gif
But my view remind the same, puchong prima definite will be the next booming area in puchong and very soon! icon_rolleyes.gif  icon_rolleyes.gif
*
lotus apartment consider good or not?..thinking to buy a unit there icon_rolleyes.gif
Hartanah
post Oct 19 2014, 09:58 PM

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QUOTE(sam8585 @ Oct 14 2014, 12:04 PM)
For me i will suggest you to buy for desa impiana compare with desa idaman even this 2 property are under same developer.
Reason :
1. Density - Desa impiana - very low density per floor ( 6 units per floor only )@ desa idaman not.
2. Easy -  Desa impiana - Got lift @ desa idaman - walk up
3. Facility - Desa impiana - Club house with quite alot of facility @ desa idaman - got, but less.
4. Secutiy - I think both security and maintenance done the good job.

This is my person of view .hope can help you. smile.gif
*
Both Desa Impiana and Idaman are both great properties. They have appreciated a lot these few years and I am glad to own both of them.
Jagalat
post Oct 19 2014, 10:51 PM

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QUOTE(ANNIYAN_X @ Oct 13 2014, 12:07 AM)
talking about access to this area... there is another access that was inplan and supposed to connect puchong permata to ldp at puchong barat toll... just like the majujaya interchange that is taking shape nw  rclxms.gif ..... tis access also must be built... i think whn hua yang start their project at the land beside puchong barat toll... sure this access will be built... i only hope all infrastructure are built as per planned and materialize.....

not sure how the access will be built but shud be sthg as per attached....
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May l know if this access helps in bypassing the toll booths?
About 10 years ago, there was an exit located after the current Nissan service center but before the toll booths which allowed cars traveling into a village, following HTC, leading to Puchong Permai.
That village has been demolished and the short cut path was made disappeared too.

Jagalat
post Oct 19 2014, 11:11 PM

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QUOTE(zk9 @ Oct 14 2014, 01:31 PM)
developer should be a shopping mall at puchong prima. Haha then it will be another anchor town.
*
A shopping mall at Puchong Prima is a great news to me.

Being relatively late to mall game compared to nearby malls like the wharf, m-city, (Aurora mall?) etc, it may impose a challenge to puchong prima mall operator. Can take a look at the spending power of surrounding people as reference. What type of market will this newbie mall can target.

But one thing for sure, walking distance to the LRT station is a plus(if roofed even better). I would like to see this mall doing well too.

This post has been edited by Jagalat: Oct 19 2014, 11:22 PM
Jagalat
post Oct 19 2014, 11:13 PM

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QUOTE(Hartanah @ Oct 19 2014, 10:58 PM)
Both Desa Impiana and Idaman are both great properties. They have appreciated a lot these few years and I am glad to own both of them.
*
Well done boss! rclxms.gif
chicargo
post Oct 19 2014, 11:31 PM

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QUOTE(Jagalat @ Oct 19 2014, 11:11 PM)
A shopping mall at Puchong Prima is a great news to me.

Being relatively late to mall game compared to nearby malls like the wharf, m-city, (Aurora mall?) etc, it may impose a challenge to puchong prima mall operator. Can take a look at the spending power of surrounding people as reference. What type of market will this newbie mall can target.

But one thing for sure, walking distance to the LRT station is a plus(if roofed even better). I would like to see this mall doing well too.
*
The surrounding population is very diverse. From upmarket Puteri to middle class Puchong Perdana/Bkt Puchong. This is where I find it difficult to predict - what kind of people will the mall want to attract?

Other than the LRT, will there be better access from LDP?

Anyway I do believe this area has huge potential given the huge population growth over the years, there is defo a need for more hangout places for the young ones!
interferens
post Oct 19 2014, 11:40 PM

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QUOTE(leftist @ Oct 19 2014, 09:32 PM)
lotus apartment consider good or not?..thinking to buy a unit there icon_rolleyes.gif
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i just secured one unit this evening at lotus apartment rclxm9.gif rclxm9.gif ...
leftist
post Oct 20 2014, 07:27 AM

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QUOTE(interferens @ Oct 19 2014, 11:40 PM)
i just secured one unit this evening at lotus apartment rclxm9.gif  rclxm9.gif ...
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Wahh..so fast..which floor?...how much? biggrin.gif
sam8585
post Oct 20 2014, 12:13 PM

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QUOTE(Hartanah @ Oct 19 2014, 09:58 PM)
Both Desa Impiana and Idaman are both great properties. They have appreciated a lot these few years and I am glad to own both of them.
*
So what is rental rate u get back ? biggrin.gif
sam8585
post Oct 20 2014, 12:20 PM

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QUOTE(leftist @ Oct 19 2014, 09:32 PM)
lotus apartment consider good or not?..thinking to buy a unit there icon_rolleyes.gif
*
For lotus apartment , erm... hmm.gif hmm.gif hmm.gif
Depend on what your expected. That is not facilities at all, and environment is not very good if compare with desa impiana / desa idaman.
But for sure, the price is much more cheaper.
For my suggestion, buy for own stay is okay ( always start from cheaper property only change to bigger unit next time).
If buy for investment, i think the potential profit is not much even the lrt / shopping mall done. shakehead.gif
Just my simple suggestion for you. biggrin.gif biggrin.gif
But what i confirm is, the property price will keep remain or increase in the further, if you really want buy the property must buy your time as well before it go more higher.. smile.gif
Hartanah
post Oct 20 2014, 12:34 PM

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QUOTE(sam8585 @ Oct 20 2014, 12:13 PM)
So what is rental rate u get back ? biggrin.gif
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Rental yield for Impiana is 10% and Idaman is 6.5%. But of course to get this kind of yield, you need to purchase them 5 years ago.
sam8585
post Oct 20 2014, 12:50 PM

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QUOTE(Hartanah @ Oct 20 2014, 12:34 PM)
Rental yield for Impiana is 10% and Idaman is 6.5%. But of course to get this kind of yield, you need to purchase them 5 years ago.
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10% that means how much per month? thumbup.gif
6.5% idaman how much per month?
want to do some survey in puchong prima area lah. biggrin.gif biggrin.gif
Hartanah
post Oct 20 2014, 01:04 PM

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QUOTE(sam8585 @ Oct 20 2014, 12:50 PM)
10% that means how much per month? thumbup.gif
6.5% idaman how much per month?
want to do some survey in puchong prima area lah. biggrin.gif  biggrin.gif
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1.4k to 1.6k
interferens
post Oct 20 2014, 08:44 PM

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QUOTE(leftist @ Oct 20 2014, 07:27 AM)
Wahh..so fast..which floor?...how much? biggrin.gif
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4th floor..rm200k i have survey the area...LRT station is being build about 150 meter from guard house which i feel really convenient to walk to..about 300 meter to the Pusat Perdagangan Puchong Prima which have a lot of restaurants, banks, shop lot and petrol station..
doomdoom
post Oct 20 2014, 09:15 PM

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This area got potential, with LRT come in and freehold title, i am aiming to get one subsale for desa impiana...still able to get it below 400psf...with 8 units per floor, and all units are semiD design....its a gooud buy....mitraland do a good job for the landscape for this condo...
Jagalat
post Oct 20 2014, 09:22 PM

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QUOTE(interferens @ Oct 20 2014, 09:44 PM)
4th floor..rm200k i have survey the area...LRT station is being build about 150 meter from guard house which i feel really convenient to walk to..about 300 meter to the Pusat Perdagangan Puchong Prima which have a lot of restaurants, banks, shop lot and petrol station..
*
4th floor, can exercise a lot.
Mind to ask if this is for own stay or rent out?

interferens
post Oct 20 2014, 09:24 PM

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QUOTE(Jagalat @ Oct 20 2014, 09:22 PM)
4th floor, can exercise a lot.
Mind to ask if this is for own stay or rent out?
*
target to rent it out...
leftist
post Oct 21 2014, 11:34 AM

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QUOTE(interferens @ Oct 20 2014, 08:44 PM)
4th floor..rm200k i have survey the area...LRT station is being build about 150 meter from guard house which i feel really convenient to walk to..about 300 meter to the Pusat Perdagangan Puchong Prima which have a lot of restaurants, banks, shop lot and petrol station..
*
yup...the location is superb..walking distance to future LRT station..i can see the price will only kept increasing once LRT is complete thumbup.gif
sam8585
post Oct 21 2014, 12:24 PM

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QUOTE(doomdoom @ Oct 20 2014, 09:15 PM)
This area got potential, with LRT come in and freehold title, i am aiming to get one subsale for desa impiana...still able to get it below 400psf...with 8 units per floor, and all units are semiD design....its a gooud buy....mitraland do a good job for the landscape for this condo...
*
Actually is 6 units per floor based on my survey. Every unit is a corner unit, this is the concept of the design from mitrajaya. tongue.gif
Agreed with you the landscape can consider very nice, i think most important is desa impiana have a quite good maintenance team. rclxms.gif
But what i understand is , the sub-sales price nowadays already reach almost RM 450psf, no longer below RM400psf.
The standard size of condo is 1068sf, now the sub-sales price is call from RM 450,000 and above. smile.gif

doomdoom
post Oct 21 2014, 12:27 PM

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QUOTE(sam8585 @ Oct 21 2014, 12:24 PM)
Actually is 6 units per floor based on my survey. Every unit is a corner unit, this is the concept of the design from mitrajaya. tongue.gif
Agreed with you the landscape can consider very nice, i think most important is desa impiana have a quite good maintenance team. rclxms.gif
But what i understand is , the sub-sales price nowadays already reach almost RM 450psf, no longer below RM400psf.
The standard size of condo is 1068sf, now the sub-sales price is call from RM 450,000 and above. smile.gif
*
iproperty gt quite a lot still under 450k...abour 400-430k, called some agents said still can negotiate...
Hartanah
post Oct 21 2014, 12:29 PM

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QUOTE(doomdoom @ Oct 21 2014, 12:27 PM)
iproperty gt quite a lot still under 450k...abour 400-430k, called some agents said still can negotiate...
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Price will definetely up again once the Lrt station is completed in 2016.
sam8585
post Oct 21 2014, 12:34 PM

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QUOTE(doomdoom @ Oct 21 2014, 12:27 PM)
iproperty gt quite a lot still under 450k...abour 400-430k, called some agents said still can negotiate...
*
Like that is very good.. rclxms.gif rclxms.gif
Maybe is unfurnished unit. But remember bkful look for the unit unfurnished when viewing for sub-sales unit especially like desa impiana. If not mistake, desa impiana building age already 8 to 10 yrs, within 8 to 10 yrs times impossible that the unit is still unfurnished. So if unfurnished that means either the unit is rental unit for last 10 yrs ( the condition may not good) or the unit itself got something wrong.
So better call and view carefully. smile.gif
But if everything is good, totally agreed with you, buy before too late. nod.gif
Query1981
post Oct 24 2014, 06:03 PM

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I just brought a unit in Desa Idaman. Love it there. That place is more peace compare the Desa Impiana. Best is a view to the beautiful lake and quite windy. Hope to move in soon.

This post has been edited by Query1981: Oct 24 2014, 06:03 PM
Hartanah
post Oct 24 2014, 07:51 PM

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QUOTE(Query1981 @ Oct 24 2014, 06:03 PM)
I just brought a unit in Desa Idaman. Love it there. That place is more peace compare the Desa Impiana. Best is a view to the beautiful lake and quite windy. Hope to move in soon.
*
Well done and congrat, I am still keeping these 2 gems after so many years. They never failed me.
Jagalat
post Oct 24 2014, 09:27 PM

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QUOTE(Query1981 @ Oct 24 2014, 07:03 PM)
I just brought a unit in Desa Idaman. Love it there. That place is more peace compare the Desa Impiana. Best is a view to the beautiful lake and quite windy. Hope to move in soon.
*
Congraz on your purchase.
Welcome to Puchong Prima.
I interpret that you believe Puchong Prima has potential.
Mind to share what price you buy?
woolei
post Oct 25 2014, 01:19 AM

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QUOTE(sam8585 @ Oct 14 2014, 12:06 PM)
Wah, another project for mitrajaya in puchong prima. rclxms.gif  rclxms.gif  rclxms.gif
I think the design is much more better and advance than m-square & the whaft..
Looking forward when this project going to launch. brows.gif  brows.gif
*
walao..the lake is surround by 3 mall
chicargo
post Oct 25 2014, 04:30 AM

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I discovered puchong prima many many years ago when i went to the driving school there. In recent years this place is starting to feel like an unpolished gem. Population is huge and diverse, got banks and shops for day to day and upcoming future LRT. Only problem is access from LDP is such a pain. Still this area will be my pick compared to rest of puchong south like bkt puchong, bsp, tasik puchong etc
Jagalat
post Oct 25 2014, 10:50 AM

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QUOTE(woolei @ Oct 25 2014, 02:19 AM)
walao..the lake is surround by 3 mall
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If Aurora Lakeside Residence has a mall, then there will be 2 malls in Puchong Prima, distanced within 500m.
So there will be huge competition within the taman itself.

Query1981
post Oct 25 2014, 05:04 PM

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QUOTE(Jagalat @ Oct 24 2014, 09:27 PM)
Congraz on your purchase.
Welcome to Puchong Prima.
I interpret that you believe Puchong Prima has potential.
Mind to share what price you buy?
*
THANKS, I BROUGHT IT AT 4OOK

lungkwang
post Jan 4 2015, 10:00 PM

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QUOTE(ANNIYAN_X @ May 19 2014, 04:02 PM)
CHECK OUT THIS NEWS ON STARBIZ WEEKS==>>
MITRAJAYA TP DEVELOP LANDBANK
some of it here:-

SITTING on land worth over RM600mil, Mitrajaya Holdings Bhd’s market capitalisation appears small at slightly over RM300mil. But that is the problem that almost all companies with property held for development face – the market does not attach a premium for property that has yet to be developed. In the case of Mitrajaya, it also has RM1.2bil worth of construction contracts to date and the company plans to more than double the order book this year. As for its property division, Mitrajaya plans to launch projects amounting to RM2bil in gross development value (GDV) to realise its value. A big chunk of Mitrajaya’s fortune lies in its landbank, which is worth about RM620mil and booked at only RM160.55mil in the books. Speaking to StarBizWeek in an interview, managing director Tan Eng Piow says it will make strategic moves in unlocking the value of its land. Taking its 3.76ha at Seksyen 28, Petaling Jaya as an example, the plot sits along Federal Highway but as the development along the stretch has not matured yet, Tan prefers to keep it until the time is right.“Otherwise, we will not be able to realise the best value out of it,” he quips. 
Another parcel that it holds for a long time is the commercial land in Puchong Prima, which is ripe to be reaped. Surrounded by commercial shops, Tan sees an opportunity for a different product that is more in demand now - mixed development. It plans to launch the RM1.5bil project next year. “Timing is right as the parcel will be served by the extension of the LRT Ampang Line in the future,” he says. The upcoming project sits on a 6.07ha parcel, which is the last piece of land available in the enlarged 101.17ha-integrated township development in Puchong Prima. The proposed mixed development project will consist of a five-storey shopping mall, one budget hotel and three blocks of serviced apartments with a net sellable area of one million sq ft. “We will build a link bridge to the LRT Station and will work with an international architect for this particular project,” he says. 

the location is the GREEN CIRCLE IN THE PIC

<a href='http://imagizer.imageshack.us/v2/xq90/690/ppdevep.jpg' target='_blank'>http://imagizer.imageshack.us/v2/xq90/690/ppdevep.jpg </a>
WAH NOW GOT ALMOST 3 MALL close to each other HILTON+MCITY MALL , THE WHARF MALL, AND NOW THIS????  blink.gif  sweat.gif , ANYWAY  rclxms.gif  icon_rolleyes.gif
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Anybody know the development at the picture below (blue circle). Notice a few bungalow with price tag RM750k-RM1 million. The bungalow worst to buy?.

TQ.Attached Image

This post has been edited by lungkwang: Jan 6 2015, 01:36 PM
ANNIYAN_X
post Apr 3 2015, 05:04 PM

On my way
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Senior Member
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Joined: Dec 2011


QUOTE(chicargo @ Oct 25 2014, 04:30 AM)
I discovered puchong prima many many years ago when i went to the driving school there. In recent years this place is starting to feel like an unpolished gem. Population is huge and diverse, got banks and shops for day to day and upcoming future LRT. Only problem is access from LDP is such a pain. Still this area will be my pick compared to rest of puchong south like bkt puchong, bsp, tasik puchong etc
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QUOTE(lungkwang @ Jan 4 2015, 10:00 PM)
Anybody know the development at the picture below (blue circle). Notice a few bungalow with price tag RM750k-RM1 million. The bungalow worst to buy?.

TQ.Attached Image
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The new access road is partially open from puchong prima to puchong perdana..... the direct ldp connection is still underconstructions, currently hearsay can use puchong prima to perdana road... officially open ka, im not sure but people using...

Yup the bungalows are nice there, last time got 1 or 2 only...now got few already... the blue circle puchong prima's phase 5 and above...

Attached Image

This post has been edited by ANNIYAN_X: Apr 3 2015, 05:06 PM

 

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