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Investment SQWHERE @ KG SELAMAT SUNGAI BULOH [OWNERS' THREAD], Inner KD. Located close to MRT. By SDB.

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kochin
post Dec 10 2013, 11:10 AM

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QUOTE(urb7 @ Dec 10 2013, 09:46 AM)
There are 2 blocks - one being Service Apartment (to be launched next year), and the current launch with is SOVO. Serviced apartment will be launched at RM800psf - but who knows this might trend down due to the slow down in the market. Both SOVO and Serviced Apartments share the same facilities, and has 3-tiered access, almost like another service apartment.

You need to check out the concept to be able to appreciate the value in this. Compared to Mahsing, you can see this is not another run of the mill development. For instance, SDB has engaged London-based firm CarverHaggard (http://carverhaggard.com/) for The Hub as well as SqWhere, as the architect as well. These are some of their works for SDB in Singapore and would expect the same concept here:-

As for SOVO can stay or not - the House Rules, ie DMC does not state that you can't stay overnight. So again, grey area.
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this is where it gets mighty interesting.

on one hand, nothing mention about can't stay overnight. but neither does it permits one to do so.

the other bigger dilemma would be the sharing of facilities. this seems to encourage the sovo as a residence. on the other hand, given that both parties starts leasing out the property as residence, and assuming renters prefer the sovo due to cheaper rents and same facilities, take a guess of what would likely follow?
surely SA purchasers would gang up and start complaining that the Sovo cannot be leased as residence?
and all hell breaks lose then?
yikes. but seriously, developers should clearly define what is what lah. don't mislead the purchasers please.
hey_there
post Dec 10 2013, 12:22 PM

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What if an office in sovo hired a bangla guard and let him stay overnight in the office to "guard" and will be sharing the same facility with the SA residence? Or smth similar like that.
aberdeen
post Dec 10 2013, 02:56 PM

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For some who hv serious doubt and lack of understanding on these properties...they would not want to touch them...they would not want to end up with a property which is a ticking timebomb!
For some who hv great cofidence on these properties, and I think there are alot, judging from the sales and pricing, these properties met their goals and investment objectives, they would say go for them, why want to miss great opportunities!
Which side are you on? There is no right or wrong at this point in time....maybe 4 or 5 years down we will know who are the winners.

This post has been edited by aberdeen: Dec 10 2013, 02:57 PM
aberdeen
post Dec 14 2013, 03:33 PM

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Was informed by SA Sqwhere sales very good....slightly more than 90% sold
khoh
post Dec 19 2013, 10:22 AM

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QUOTE(HeartRock_Cafe @ Dec 9 2013, 11:35 PM)
part of SB as expensive as DPC eg Valencia/ Sieramans.
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As comparison between DPC and Valencia pricing , Valencia is so much cheaper , a 3 storey link house with a roof top patio with build up about 3,000 sqft , the current price starts from RM 1.6mil , of course most Valencia house is leasehold.


mash88
post Dec 30 2013, 09:59 AM

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QUOTE(aberdeen @ Dec 14 2013, 03:33 PM)
Was informed by SA Sqwhere sales very good....slightly more than 90% sold
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u sure boh.. i went there last wk.. d sales nt yet reach 80% wor
CMW123
post Dec 30 2013, 10:52 AM

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QUOTE(aberdeen @ Dec 10 2013, 02:56 PM)
For some who hv serious doubt and lack of understanding on these properties...they would not want to touch them...they  would not want to end up with a property which is a ticking timebomb!
For some who hv great cofidence on these properties, and I think there are alot, judging from the sales and pricing, these properties met their goals and investment objectives, they would say go for them, why want to miss great opportunities!
Which side are you on? There is no right or wrong at this point in time....maybe 4 or 5  years down we will know who are the winners.
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Heard that recently ministry of housing raided several developers for advertising sofo/sovo as residence when the approval obtained is for "pejabat"

Notice that sofo/sovo will use director room, manager room, pantry etc in the layout plan. They would not use bedroom or kitchen. Also sofo/sovo have water sprinkle installed at ceiling to fulfill bomba requirement as pejabat

The law is clear just a question of enforcement
urb7
post Jan 13 2014, 03:12 PM

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Sales status updated as of today, 40 units still available, total units 302 units, 87% sold.

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HELLO HELLO
post Jan 13 2014, 03:52 PM

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look like this better than the hub ss2.

i like this too more than the hub ss2.
got mrt and near those elite township.

This post has been edited by HELLO HELLO: Jan 13 2014, 03:52 PM
urb7
post Jan 15 2014, 10:55 AM

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Does a transit-oriented development make all the difference?


A transit-oriented development (TOD) is a mixed-use residential and commercial area designed to maximize access to public transport, and often incorporates features to encourage transit ridership. A TOD neighborhood typically has a center with a transit station or stop (train station, metro station, tram stop, or bus stop), surrounded by relatively high-density development with progressively lower-density development spreading outward from the center. TODs generally are located within a radius of one-quarter to one-half mile (400 to 800 m) from a transit stop, as this is considered to be an appropriate scale for pedestrians, thus solving the last mile problem.


Photo from MRT website showing progress at the MRT station, with SqWhere land plot.

This post has been edited by urb7: Jan 15 2014, 10:57 AM


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TSaccetera
post Jan 15 2014, 10:01 PM

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QUOTE(urb7 @ Jan 13 2014, 03:12 PM)
Sales status updated as of today, 40 units still available, total units 302 units, 87% sold.

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Can I repost this with your credit on ptlm?
BEANCOUNTER
post Jan 15 2014, 10:11 PM

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This part of Sg buloh imo no where near elite township leh....
CMW123
post Jan 15 2014, 10:13 PM

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QUOTE(BEANCOUNTER @ Jan 15 2014, 10:11 PM)
This part of Sg buloh imo no where near elite township leh....
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Maybe have to wait until Kwasa land developed and the MRT starts running...
BEANCOUNTER
post Jan 15 2014, 10:16 PM

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Already selling 700psf...when mrt runs, how much u r willing to pay? 1000psf?
How many ppl can afford tis price?
urb7
post Jan 15 2014, 11:24 PM

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QUOTE(accetera @ Jan 15 2014, 10:01 PM)
Can I repost this with your credit on ptlm?
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Feel free
urb7
post Jan 15 2014, 11:31 PM

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QUOTE(CMW123 @ Jan 15 2014, 10:13 PM)
Maybe have to wait until Kwasa land developed and the MRT starts running...
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EPF’s Kwasa Land to generate RM50 billion in Gross Development Value
Posted on 15/01/2014

Projected GDV of RM50b to be generated over the next 20 years
State to reap economic benefits

PETALING JAYA — The Employees Provident Fund’s wholly-owned subsidiary Kwasa Land Sdn Bhd, tasked with the development of 2,330 acres in Sungai Buloh as master developer, is projected to generate RM50 billion in Gross Development Value (GDV) over the next 20 years.

As a first step, the master plan for the proposed township of Kwasa Damansara has been presented to the State government for their evaluation and approval. With this massive projected GDV, the state of Selangor is expected to prosper as more than 150,000 people move in to live, earn and thrive in this new iconic township.

The vast tract of land has received overwhelming response from developers making it a challenge for the Kwasa Land Pre-Qualification committee to limit the qualifying number to only 60 of the best. Over 150 developers had submitted their credentials and applied for the opportunity to work alongside Kwasa Land during the Pre-Qualification exercise. Tenders for the development of Phase I will be called in February 2014.

“We intend to work with the best and most experienced developers who are required to comply with our urban design guidelines as well as our high standards for creativity and promoting a safe city concept,” said Mohd Lotfy Mohd Noh, managing director of Kwasa Land Sdn Bhd.

As master developer, Kwasa Land will initiate development through experienced partners and collaborators to deliver a township with a difference. It has been positioned as a transport oriented development with three tiers of developers set up to exercise the widest range of development opportunities.

Tier 1 developers are classified as large scale companies with a paid up share capital or shareholders’ fund of at least RM1 billion; Tier 2 developers are medium scale companies with a paid up capital or shareholders’ fund of at least RM300 million, and Tier 3 developers are Bumiputera companies with a paid up capital or shareholders fund of RM1 million and above.

Upon obtaining the necessary approvals from the State authorities, the first parcel of 64 acres will be developed into a modern state-of-the-art town centre and transport hub in a partnership with Tier 1 developers. The town centre shall comprise 70 per cent commercial and 30 per cent residential components, with the added advantage of having two MRT stations built within its confines for the benefit of residents and commuters within Klang Valley. The successful partner in developing this town centre will be based on the merits of their design proposal and financial consideration.

In addition to the town centre, residential developments of approximately 10 – 20 acres each will also on a similar basis, be tendered out to Tier 2 and Tier 3 Bumiputera developers. These parcel sizes are maintained to ensure that the supply and demand for the properties are kept in control to match market conditions.

Although the 2,330 acres of this township development falls under the jurisdiction of two local councils, the State government through its State Planning Committee has agreed that one integrated master plan for the entire development be considered for approval.

The first three developments which will take place within the first two years come under the jurisdiction of the Majlis Bandaraya Shah Alam (MBSA).

“An additional allocation of 30 acres will be considered by the EPF to build a corporate park in a garden setting with the first phase for its corporate office. The goal is to spark a catalytic project to attract other corporate players and government agencies to locate or relocate their offices here in our development.”

Kwasa Land’s proposed land distribution “formula” shows the following percentage breakdown: 42 per cent for residential, 11 per cent for commercial, 7 per cent for mixed use, 11 per cent for green and open space, 23 per cent for infrastructure and 6 per cent for community facilities

The entire township project would be developed into eight precincts, each to have its own urban design guidelines. Based on this structural division of land, Kwasa Land is projecting land sales revenue of approximately RM11 billion for 1,350 acres to public limited companies, government-linked companies, private developers as well as Bumiputera developers. In addition, Kwasa Land is likely to invest in equity participation in most of the precinct areas to generate greater returns and to ensure conformance of the urban design guidelines.

Acquired at RM2.28 billion in 2012 from Lembaga Getah Malaysia, Kwasa Land aims to build a township that has a unique concept. Top of the urban design guidelines list is the preference for a three-pronged approach: Green, Connectivity and Inclusiveness or GCI for short. This is a clear indication of how urban design and building plans will achieve a tangible and sustainable trademark for the new township.

A compelling factor that drives the uniqueness of the township lies in the fact that it has multiple MRT stations, four highways that connect the development including the future DASH Highway that will traverse the township and future connections to the KTM Komuter service. In addition, the Subang SkyPark air terminal is located nearby at the South-West fringe. All these make the new township’s connectivity unparalleled.

To date, the MRT has started their construction, a plus point for the Kwasa Land planners as seldom do transport companies establish such a prior commitment, that is, before a township gets built and developed.

“In our case, this development will evolve naturally around the two MRT stations that have been planned,” added Mohd Lotfy.

Kwasa Land has earmarked and will undertake provisions for all ‘backbone’ infrastructure, common facilities and centralized amenities, and eight thematic landscaped parks to be enjoyed, green buildings, community facilities, a proposed common utility tunnel (CUT) that encourages a no-digging policy, central command centre and efficient sewage and disposal systems for both residential areas and commercial hub centres.

“People want a great list of things in their neighbourhood – green space, efficiently managed facilities and amenities, close radius to basic vendors and suppliers, accessibility, minimal pollution, all round safety, 24/7 security, centralised buildings for community use and more.

“We aim to consider all these needs and have in fact, incorporated them in the master plan including a 5.5 km linear park, in our effort to provide an improved quality of life and elements of liveability in our neighbourhoods. It is not a wish list but a feasible agenda as we have worked it out on our drawing board. It is all about achieving the right balance – as will be prompted in our planning and designs.

“The thrust is to provide a holistic and integrated development, which will require us to closely build and manage the development from start to finish or from drawing board to drawing room in the home. There is a high level of developer compliance, which will be spelled clearly in the developers’ urban design guidelines,” added Lotfy.

Kwasa Land aims to provide homes and residences totaling 28,000, comprising all types. This is translated into the township supporting about a 150,000 people who live and work in Kwasa Damansara. Its land distribution also shows that close to 50 million sq feet of commercial space will be created – an entrepreneur’s deligh
urb7
post Jan 20 2014, 04:56 PM

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skyyoon78
post Jan 23 2014, 12:51 AM

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How is the sales as at now?

This post has been edited by skyyoon78: Jan 23 2014, 12:57 AM
urb7
post Mar 13 2014, 06:33 PM

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HELLO HELLO
post Mar 13 2014, 10:52 PM

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QUOTE(urb7 @ Mar 13 2014, 06:33 PM)
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Got pork makan this coming weekend?.
Ada Bakuteh and Buddha jump over wall.

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