Property news source: https://renthouz.my/news-hub.

A new mixed development.

Private launch coming soon.

This post has been edited by accetera: Jun 28 2024, 11:49 AM

This project is led by Brunsfield (jv Sime), two parcels of land part of Sime Darby's KLGCC Resort masterplan (many land parcels carved out for condos and mixed dev for next 10 years).

Since this is led by Brunsfield, hence it will be differentiated from the rest solely led by Sime Darby Property.

***


Parcel 1 consists of:

1) 5-level Retail Mall and Boulevard and 4 levels of Basement
2) Two blocks of Premium Service Residence (total 429 units)
3) 1 block of 23-storey Office Tower

Location is next to Sime Darby Convention Centre.

Launching soon in mid year.




Parcel 2 in future.

This post has been edited by accetera: Mar 23 2016, 11:32 AM

Let u all guess the indicative psf pricing....

KLGCC Resort rebranded as ALYA Kuala Lumpur
The Edge Financial Daily | August 23, 2016 : 10:19 AM MYT
http://www.theedgemarkets.com/my/article/k...ya-kuala-lumpur

KUALA LUMPUR: Sime Darby Property Bhd, the property arm of Sime Darby Bhd, said it is changing the name of the 360-acre (145.69ha) Kuala Lumpur Golf & Country Club (KLGCC) Resort located in Bukit Kiara here to ALYA Kuala Lumpur, as part of a rebranding exercise.

Sime Darby Property managing director Datuk Jauhari Hamidi said spanning a total of 360 acres, ALYA Kuala Lumpur has a total gross development value of over RM8 billion.



He noted that excluding the golf club, the property developer has a remaining 61 acres of the 99-year leasehold land for further development.

It has divided the land into eight development parcels comprising residential, commercial, retail and hospitality components.

“ALYA Kuala Lumpur encapsulates the last piece of prime property in the capital, and it is an address that many people are waiting for,” he told reporters at the unveiling of the new brand identity recently.

“With the launch of this refreshed brand identity, we seek to create a new global model of Malaysian luxury lifestyle brands that can be replicated worldwide,” he added.

Jauhari said the first development within ALYA Kuala Lumpur is scheduled to be launched by September this year.

Dubbed “Senada”, the project will feature two residential towers with 429 units of serviced apartments and suites, priced between RM1,100 per sq ft (psf) and RM1,200 psf.

Jauhari said Sime Darby Property is “mindful” of the current slowdown in the property market, but he believes prices in ALYA Kuala Lumpur will appreciate in the future.

He also revealed that the company is in talks with Mass Rapid Transit Corp Sdn Bhd to have a provisional MRT station in Bukit Kiara in order to add value to property in ALYA Kuala Lumpur.

“ALYA Kuala Lumpur integrates modern luxury living, space-planning and best-in-class facilities into the natural topography of a verdant, tropical setting, giving its communities the time, space and experiences beneficial to their well-being,” he said.

“As one of Malaysia’s top property developers, we remain committed not only to maintain our leadership position in the industry, but also to remain as a trusted developer of the highest standards in quality,” Jauhari added.

Open for Registration ared.

In future, I think they will have strata-landed properties, i.e. townvillas and semi-Ds.

Masterplan:

Congrats to purchasers. Overwhelming response for premium property market.

Based on notice board on-site:

CADANGAN MEMBINA TANAH PERKUBURAN ISLAM RAUDHATUL SAKINAH DI ATAS LOT 3752 BUKIT KIARA 2, WILAYAH PERSEKUTUAN KUALA LUMPUR

In today's era, land tenure: LH is not very important. You are buying strata title, a unit share of the entire complex. Timely delivery of strata title is more important. You are not buying a master title land, so strata owners don't own the land anyway.

In my opinion, developers who build on LH ought to pay the land premium to the max of 99 years before they sell to public. Transfer of LH within DBKL in terms of consent is no issue (some areas of Selangor abit tedious and there are freehold land that need consent as well if the land was previously govt land).

In today's era, freehold land can be acquired under our Land Acquisition Act.

Note: For LH projects, buyers are advised to go for those with max tenure as possible i.e. 95 years. Those with less than 50 years will posed a psychology challenge if you want to resell.

This post has been edited by accetera: Sep 14 2016, 09:23 PM

As for our laws, strata titles mean consensus is needed and a very high %, notwithstanding the land acquisition act. But redevelopment issue should not be seen as a bad thing because there will be rightful compensation.

Most Govt and Private lands are freehold to begin with. Then due to rapid development, Govt start to change to Leasehold. Nowadays Freehold land can be converted into Leasehold in exchange for density under DBKL (haha in my job last time).

This post has been edited by accetera: Sep 15 2016, 10:48 AM