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Investment MIZUMI RESIDENCES | RESIDENSI METRO KEPONG, Japanese jacuzzis overlooking Lake

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TSaccetera
post Jun 22 2016, 06:39 PM

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QUOTE(Properties620 @ Jun 22 2016, 03:10 AM)
may i know who is the developer? reliable or not? any previous projects?
*
Wawasan Metro Bina Sdn Bhd, shareholders include public-listed Tadmax Resources Bhd, established developer Maxim Holdings Sdn Bhd and others.
TSaccetera
post Jun 29 2016, 11:25 AM

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QUOTE(ANDY66888 @ Jun 29 2016, 10:51 AM)
May I know is this condominium call mizumi or is the developed call mizumi ? It is Japanese developed or what ? Anyone know ?
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Mizumi refers to the proposed name of this development. It's by a local developer.
TSaccetera
post Jul 6 2016, 05:09 PM

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Hi all, I'm involved in this project. If you want to know more, can message me. Registration link is at my signature.

Currently, the booking is for getting the Queue number to be invited for the Unit Selection event day.

This post has been edited by accetera: Jul 6 2016, 05:11 PM
TSaccetera
post Jul 6 2016, 06:34 PM

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The nearest train station will be a short walking distance, to the upcoming MRT Line 2' Metro Prima Station (Station 5). Below pic from http://bit.do/kepong888:

user posted image


QUOTE
Latest News on MRT Line 2:

MRT Corp announced on 5 July 2016 that the V202 tender package worth RM1.44 billion was awarded to Ahmad Zaki Sdn Bhd to build four new stations from Kepong Sentral to Jinjang, he said. The stations will cover Kepong Sentral, Metro Prima, Kepong Baru and Jinjang.
TSaccetera
post Jul 13 2016, 07:30 PM

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The roads will be widened to 4 lanes. Will be sharing with you alot more details soon including the "Japanese concepts".

Welcome to Mizumi.
TSaccetera
post Jul 23 2016, 02:48 PM

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QUOTE(mthc @ Jul 23 2016, 01:53 PM)
Damn kao high dense. Such a zap area.. gg to all buyers. I doubt props in this said location can appreciate well
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Henge Phase 1 - RM405 psf

Henge Phase 2 - RM435 psf

Now remaining units about RM490++ psf and demand from purchasers continues mainly due to the lower base price (not influenced by high rebates) in Kepong. It's in a price range that meets most people's Affordability Level as well as decent coverage of Potential Rental (comparing nearby today) on Loan Instalment for this price range.

This area will have alot of units coming up, no doubt. If not mistaken got like 10 new projects in Kepong. The key to making decision would be the Infrastructure Plans and whether got Public Transport, which in this case will be still walking distance to MRT Metro Prima or 5mins driving distance to 4 stations in Kepong.

But based on developments being planned (as of now), looks like alot of major KL townships will also see 10,000 units coming up.

TSaccetera
post Jul 23 2016, 10:05 PM

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QUOTE(mthc @ Jul 23 2016, 08:44 PM)
500k the henge also need 2.3k bank instalment.

Potential return to cover 4.5% interest also need 1900 rental a month here plus need to compete with 10k++ units in its vicinity.

Gonna end up like Elements in Jalan ampang. Some more this part of kaptong is already zap. Now more zap.

Maybe investors wanna see their 500k 900 sq ft 3 bedders appreciate become 600k-700k upon vp gua 😆😆😆 but who knows maybe will backfire like the perfect example in Jalan ampang

MRT maybe overly too hyped up.
*
I think I was referring to Mizumi, not Henge.

Let me rewrite it out.


QUOTE
Henge Phase 1 - RM405 psf

Henge Phase 2 - RM435 psf

Now remaining units about RM490++ psf and demand from purchasers continues mainly due to the lower base price (not influenced by high rebates) in Kepong. Henge is RM470-540k+. The sales is mostly leftovers so it's done project.

Meanwhile, Mizumi's RM390-490k (for 3 bedder/2 carpark) is in a price range that meets most people's Affordability Level as well as decent coverage of Potential Rental (comparing nearest lifestyle condo First Residence Kepong) on Loan Instalment for this price range.

This area will have alot of units coming up, no doubt. If not mistaken got like 10 new projects in Kepong. The key to making decision would be the Infrastructure Plans and whether got Public Transport, which in this case will be still walking distance to MRT Metro Prima or 5mins driving distance to 4 stations in Kepong.

PS: Based on developments being planned (as of now), looks like alot of major KL townships will also see 10,000 units coming up.


This post has been edited by accetera: Jul 23 2016, 10:08 PM
TSaccetera
post Jul 29 2016, 03:46 PM

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The WOW pictures will be coming soon by end of next month. Stay tuned.
TSaccetera
post Jul 31 2016, 09:35 PM

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Better quality renderings are coming up by end of August. The project has been in several Newspaper Business Articles lately. I'll post them in coming days.

In case, anyone interested, can register for Mizumi's private preview event: http://bit.do/kepong888.
TSaccetera
post Aug 5 2016, 10:10 AM

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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.


user posted image
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
TSaccetera
post Aug 5 2016, 10:47 AM

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Hi guys, if anyone interested to attend our Special Preview, can register at http://bit.do/kepong888.

user posted image

user posted image

user posted image

This post has been edited by accetera: Aug 5 2016, 10:53 AM
TSaccetera
post Aug 30 2016, 02:22 PM

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QUOTE(oscarckm2001 @ Aug 30 2016, 02:13 PM)
when is the exact date of choosing unit?
was told it's October but anyone knw the exact date?
*
Proposed is 8 October 2016, a Saturday.
TSaccetera
post Aug 31 2016, 12:27 PM

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Review Question: The project is too high density.
*Based on prelim information. Disclaimer for discrepancy in accuracy.

QUOTE
- Mizumi is high density, no doubt. Price level therefore will have to be reasonable. So it really depends on how you see the balance between density and pricing.

- There will be 1,512 residential units built on approx. 6 acres land giving a density of 252 units per acre. In comparison, United Point has 2,509 units built on 9.33 acres land giving a density of 269 units per acre. We note that there will be affordable housing component next to Mizumi on another 5 acres land (next post topic).

- According to DBKL's population stats, there is no doubt that Kepong is a highly-densed populated area. The largest single ethnicity group is Chinese.

- If you are a tenant, you have options to choose across all developments in the whole of area, not just Mizumi itself. As such, density of the vicinity is also important consideration especially when you are an investor. Based on our research, the same amount of upcoming units can easily be found in Setapak, Sentul, Cheras, Segambut, Sg Besi, Bukit Jalil, Old Klang Road, etc as we tracked most upcoming projects, as always. High density is coming everywhere, frankly speaking.

- Based on our research, approx. 12,779 units may or may not come up in this part of Kepong, but they are staggered over the next 5 to 8 years. Not all units will be in direct comparison with Mizumi because 5,804 units are RUMAWIP/PPA1M affordable homes, including Mizumi's next-door affordable home component, which are meant for own stay only and are price-controlled, the other 3,567 units are serviced apartments built on commercial land which now has higher average PSF, leaving the remaining 3,408 residential-titled condominiums. Out of 3,408 units, only Mizumi's 1,512 units have 901 sq ft to 1,027 sq ft (4 bedder), still smaller compared to The Henge which has a minimum size of 1,100 sq ft.

- As such, Mizumi is purely a residential development and it will not have any commercial component to attract outsiders to its compound. In comparison, The Henge, even though residential-titled, will have 35 units of 2-storey shoplots boulevard known as The Henge Boulevard that is open to public and public carpark.

- No commercial activity means it will significantly reduce traffic bottleneck and double parking issues.

- As per plan, Mizumi has parapet wall fencing to make it self-contained only for its residents and they will enjoy over 2 acres of facilities and landscaping area.

- The developer has reserved another 1+ acres for Taman Rekreasi / Park (open to public) segregated out from the development compound but next to its Grand Entrance.

- The biggest concern on high density is the management of the condominiums in the future. For this, there is no guarantee in any developments that it will be well managed accordingly to house rules or even whether the rules will be enforced strictly.

- Jalan Metro Perdana Barat has been proposed to contain 4 lanes, or dual-carriageway (next post topic).
High density even in show gallery. tongue.gif

user posted image

user posted image

This post has been edited by accetera: Aug 31 2016, 12:36 PM
TSaccetera
post Sep 3 2016, 11:41 PM

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QUOTE(oscarckm2001 @ Sep 2 2016, 05:18 PM)
when is the completion date?
*
Expected 48 months from SPA.


QUOTE(nexona88 @ Sep 3 2016, 01:37 PM)
Might drop by if have time..
*
Was on duty on today... haha

This post has been edited by accetera: Sep 3 2016, 11:41 PM
TSaccetera
post Sep 7 2016, 08:10 PM

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All three blocks have lake or forest view units.

More exciting information and pictures will be updated here soon.

This post has been edited by accetera: Sep 7 2016, 08:10 PM
TSaccetera
post Sep 13 2016, 06:13 PM

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In my view nowadays 7 levels of parking is quite common. As all units are provided 2 carpark bays and developer needs to provide sufficient visitor parking, hence the parking footprint becomes big giving 7 levels above ground and one level of lower ground (not basement).

The important part is to identify where is the ramp and the ramp design (slide ramp) to allow enough span for most cars. In Mizumi, you can clearly identify the main ramp in the scale model.

This post has been edited by accetera: Sep 13 2016, 06:15 PM
TSaccetera
post Sep 14 2016, 11:54 PM

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QUOTE(oscarckm2001 @ Sep 14 2016, 01:33 PM)
Type A 903 sqft unit will be facing the henge?
*
Type A 901 sq ft likely to be obstructed by Henge's kepongmas.

Most buyers go for 932 sq ft facing Lake. Est. from RM470k++ (before early bird) which is much cheaper than Henge's RM570k min for Folio units facing Lake.

This post has been edited by accetera: Sep 14 2016, 11:56 PM
TSaccetera
post Sep 21 2016, 08:25 AM

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8 Oct is the prelaunch date for those who had placed booking.
TSaccetera
post Sep 23 2016, 03:55 PM

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QUOTE(VincentProperty @ Sep 21 2016, 05:46 PM)
Same as The Havre Bukit Jalil, Select Unit on the launching date 8 Oct 2016 (for those who had placed booking).

Wonder, Is it 8 October 2016 the lucky date?
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For Mizumi, 8 Oct is the first round of unit selection date and pre-launch. Official launch with showunit not so soon.
TSaccetera
post Sep 23 2016, 06:49 PM

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QUOTE(oscarckm2001 @ Sep 23 2016, 05:43 PM)
they will have show unit?
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Yes will have.

Now have almost 40-50 facilities at estimated RM230++ monthly maintenance...

This post has been edited by accetera: Sep 23 2016, 06:50 PM

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