what facilities they have again?

good or bad news?

Tadmax explains property firm deal
TheStar Biz | Wednesday, 27 July 2016
http://www.thestar.com.my/business/busines...-explains-deal/


PETALING JAYA: Property and plantation firm Tadmax Resources Bhd is forking out RM42mil for the remaining shares in property developer Wawasan Metro Bina Sdn Bhd because of the huge potential of Wawasan Metro’s project in Kepong.

The project, Mizumi Residences, has a gross development value (GDV) of close to RM1bil.

“The move is part of Tadmax’s efforts to improve its bottom line at the group level. We aim to have a strong presence in property development and construction.

“And now that the development order for the project has been issued on July 12, 2016, we have moved to have a complete control over Wawasan Metro, making it a wholly-owned subsidiary,” said Tadmax executive director Aldillan Anuar.

Tadmax said in a filing with Bursa Malaysia on July 22 that it is proposing to acquire the remaining 45% interest in Wawasan Metro for RM42mil. Tadmax had acquired a 55% interest in the property firm at par for RM550,000 in March.

According to Wawasan Metro managing director Datuk Gan Seong Liam, the company’s maiden project, Mizumi Residences, faces a 200 acre lake and is located at the Kepong Metropolitan Lake Gardens. “Mizumi means lake in Japanese,” he said.

Despite the GDV of close to RM1bil, the project has been targeted at the affordable segment of the market, with units of around 900 sq ft being priced at below RM400,000.

“There will be 1,512 units in the first phase of development and each unit comes with a practical layout and comfortable size plus two car parks. Earthworks should begin soon and the project is expected to be completed in four years,” Gan explains.

“The project will be made up of three blocks and include a swimming pool, jacuzzi, gym, badminton and basketball courts, sauna rooms and a cafeteria,” he added.

No newcomer to the property development scene, 60-year civil engineer Gan has been in the industry since the early 1980s.

His private development firm Maxim Holdings Sdn Bhd’s recent projects include Maxim City Lights in Sentul and Maxim Residences in Alam Damai, both progressing ahead of schedule.

The fully sold projects have GDVs of around RM700mil and RM260mil respectively.

City Lights, which is expected to be completed by the end of September, will be 10 months ahead of schedule while Residences is targeted for completion next January, which will be five months ahead, said Gan.

Its latest project, One Maxim, also in Sentul, has obtained 90% reservation rates during its recent informal launch.

One of the three parties selling their shares in Wawasan Metro to Tadmax, Gan will remain as the managing director of Wawasan Metro together with his son Jayden, an executive director of Wawasan Metro.

Gan has provided a personal guarantee for bank borrowings to be taken up by Wawasan Metro to fund the Mizumi Residences project.

Gan added that Wawasan Metro has appointed Hartamas Real Estate as the marketing agent for the project for which they hope to secure the advertising permit and developer licence soon.

“The registration process is on-going and the response has been overwhelming,” he said, adding that they hope to launch the project officially in October.



From left: Tadmax Resources Bhd executive director Aldillan Anuar, Wawasan Metro Bina Sdn Bhd managing director Datuk Gan Seong Liam and executive director Jayden Ganshowing the Wawasan Metro’s project in Kepong called Mizumi Residences.

This post has been edited by accetera: Aug 5 2016, 10:50 AM

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This post has been edited by accetera: Aug 5 2016, 10:53 AM

Look better then the henge........

Mizumi got how many blocks in total?

I think same like the henge , 1500,

victor, mizumi total three blocks , with land area of 6 acre.
1500units total, 50% units are facing LAKE direct unblocked .

Ohh.. I thought got 6 blocks in total? 3 normal + 3 affordable... All 6 blocks on 6 acres of land?

because you ask for mizumi only ....
lets make clear again..
10 acre land
4 acre for affordable 3 blocks (have no lake view at all)
6 acre for mizumi, 3 blocks ( 3 blocks nearest to lake)

Oh right... Thanks, the large unit for mizumi seems interesting

So altogether, how many projects and blocks around the whole lake ah? I remember coming across that info somewhere in the forum

The Henge
Mizumi
???
???

around 6k units as per now, 3k for henge, 3k for mizumi. 10 acre land each project , divided two and have 50% units of affordable.

is total different compound and facilities separate from affordable.
affordable units they cant rent and sale in 10 years

Do you have info on the price range and size of mizumi units?

Thanks in advance.

Yes.
901sqft , facing forest only (might get block some by kepongmas) price from RM387k nett before 7%early birds R
932sqft, facing pool and facing lake to choose.
1027 sqft corner unit

facing forest RM430psf
facing pool RM450psf
facing lake RM490psf
(indicative price)

** unit facing pool after level 25th , all price would be same , from 25 to 40th level.

wow. difference of 60psf just for view?
long long time ago, absolute difference on views used to be circa 20k absolute.
this is like "wow!!"

brochure all ready ? pm pls

Kudos for u...
Thank you very much...

brochure ready . when would you convenient to meet up ?

Thanks

no wonder look so cramped