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Investment EST8 @ SEPUTEH, EUPE's third sequel in KL venture

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audio technica
post Jul 17 2020, 02:00 AM

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any new info on this project?
funfunfun
post Jul 19 2020, 11:19 AM

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Where is the access road for this project?
e30ygc
post Jul 19 2020, 07:20 PM

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The DO was issued based on access road from Federal Highway (as opposing to the loony Jalan TS 2 plan earlier).
e30ygc
post Jul 21 2020, 06:23 PM

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QUOTE(funfunfun @ Jul 19 2020, 11:19 AM)
Where is the access road for this project?
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I am curious to find out too, cuz it will mean them have to 'cross' the KTM track!

Anyway, let me know if you are keen to be updated with this project info, I am in discussion with developer, should be involved with the marketing of this project when its going to be pre launched.


funfunfun
post Jul 22 2020, 12:09 PM

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QUOTE(e30ygc @ Jul 21 2020, 06:23 PM)
I am curious to find out too, cuz it will mean them have to 'cross' the KTM track!

Anyway, let me know if you are keen to be updated with this project info, I am in discussion with developer, should be involved with the marketing of this project when its going to be pre launched.
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Yeahh access road will be interesting. I wonder if residents going to protest if access via Taman Seputeh 2 road as density is high (1k units)...
DesRed
post Jul 22 2020, 02:04 PM

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QUOTE(funfunfun @ Jul 22 2020, 12:09 PM)
Yeahh access road will be interesting. I wonder if residents going to protest if access via Taman Seputeh 2 road as density is high (1k units)...
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Last I checked, it's supposed to be 873 units based on their latest news dated over a year ago (link).

But I wouldn't be surprised if they link up with both the Taman Seputeh 1 & 2 roads together. As for protests, don't really recall anyone kicking up a fuss when Setia Sky Seputeh started construction. Neither did anyone kick up a fuss when the older condos like Sri Tiara, Seputeh Permai and Sri Langit were constructed either.

There was an older article in the Star where the residents there were interviewed many years back, but the most they did was to express their concern on the rapid development, but other than that, they didn't scream 'overdevelopment' like what the Tmn Desa and TTDI folks are previously (and now) doing.

This post has been edited by DesRed: Jul 22 2020, 02:05 PM
funfunfun
post Jul 22 2020, 02:26 PM

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QUOTE(DesRed @ Jul 22 2020, 02:04 PM)
Last I checked, it's supposed to be 873 units based on their latest news dated over a year ago (link).

But I wouldn't be surprised if they link up with both the Taman Seputeh 1 & 2 roads together. As for protests, don't really recall anyone kicking up a fuss when Setia Sky Seputeh started construction. Neither did anyone kick up a fuss when the older condos like Sri Tiara, Seputeh Permai and Sri Langit were constructed either.

There was an older article in the Star where the residents there were interviewed many years back, but the most they did was to express their concern on the rapid development, but other than that, they didn't scream 'overdevelopment' like what the Tmn Desa and TTDI folks are previously (and now) doing.
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I heard SP Setia wanted much higher density but was not approved by DBKL. So they had to change strategy to more 'high end'
DesRed
post Jul 23 2020, 10:09 AM

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QUOTE(funfunfun @ Jul 22 2020, 02:26 PM)
I heard SP Setia wanted much higher density but was not approved by DBKL. So they had to change strategy to more 'high end'
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It begs the question on how this project managed to be approved with a higher density while SP Setia's Setia Sky Seputeh can't.

I mean, the latter isn't located deep inside a cluster of landed houses or two but more to an intersection between a main road and a residential road. Besides, their land plot is much larger than this project.
funfunfun
post Jul 23 2020, 12:39 PM

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QUOTE(DesRed @ Jul 23 2020, 10:09 AM)
It begs the question on how this project managed to be approved with a higher density while SP Setia's Setia Sky Seputeh can't.

I mean, the latter isn't located deep inside a cluster of landed houses or two but more to an intersection between a main road and a residential road. Besides, their land plot is much larger than this project.
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https://www.edgeprop.my/content/1331912/kep...-dbkl-land-sale
Number 17
The parcel is allegedly (from the news) part of controversial land deals done by dbkl last time without open tender.

So who knows. There is no logic in malaysia

This post has been edited by funfunfun: Jul 23 2020, 12:53 PM
DesRed
post Jul 23 2020, 02:14 PM

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QUOTE(funfunfun @ Jul 23 2020, 12:39 PM)
https://www.edgeprop.my/content/1331912/kep...-dbkl-land-sale
Number 17
The parcel is allegedly (from the news) part of controversial land deals done by dbkl last time without open tender.

So who knows. There is no logic in malaysia
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And it's already cleared by MACC as mentioned by the then Fed. Territories minister, Khalid, in the last year's Parliament session.

But yes, I agree that the DBKL town planning unit approval to projects don't make sense at times.

This post has been edited by DesRed: Jul 23 2020, 02:16 PM
ZeneticX
post Jul 23 2020, 08:36 PM

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still no targeted launch date?
ZeneticX
post Jul 24 2020, 08:02 PM

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Received this from the dev today

Not gonna cheap but kinda expected for the location. I expected too much thinking its gonna be 600+ / sqft

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yslysl
post Jul 24 2020, 11:00 PM

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Hmmm Seputeh 2 and 4 are full with houses...
How can they link with Seputeh 1 ?

1.2mil if 1500sqf wow

This post has been edited by yslysl: Jul 24 2020, 11:02 PM
engonaplane
post Jul 26 2020, 10:31 PM

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QUOTE(ZeneticX @ Jul 24 2020, 08:02 PM)
Received this from the dev today

Not gonna cheap but kinda expected for the location. I expected too much thinking its gonna be 600+ / sqft

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i dunno.. i feel it is overpriced for that location, especially if there is no change to the existing access. Imagine having to drive past the houses and Setia Sky (?)... with 1 lane in and out gonna be hell if ppl start dbl parking
DesRed
post Jul 27 2020, 09:35 AM

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QUOTE(engonaplane @ Jul 26 2020, 10:31 PM)
i dunno.. i feel it is overpriced for that location, especially if there is no change to the existing access. Imagine having to drive past the houses and Setia Sky (?)... with 1 lane in and out gonna be hell if ppl start dbl parking
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You could say the same for Setia Sky Seputeh and Avara Seputeh, where the latter is more towards the OKR side. Pricing-wise, I still feel that the former is way over the roof, though. But with a number of goodies such as the 15 year maintenance fee subsidy thrown into the mix, I guess that it's not selling too well. If it was priced simiarly to Bon Estates @ Bangsar South (RM 6xx/sf - RM 7xx/sf), I'd bet that there will be more interested buyers.

With regards to the road access, some here speculated that this developer will most likely link up this project to Jln Tmn Seputeh 1 & 4. I won't be surprised if this is true as this sounds more logical compared to linking up with the Fed. Highway/Salak Highway as they need to build a ramp over the KTM tracks in order to do so. And based on the EUPE's history of their current projects in KV (e.g. Parc 3 and Novum), they're not known for building covered walkways or even bridges towards a public transit line or a popular amenity.
surf-it
post Jul 29 2020, 08:17 AM

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800 psf honestly speaking is reasonable guys... but then hopefully the developer will throw in rebate to make it 7xx psf then is perfect, this project will sell like no time
surf-it
post Jul 29 2020, 08:17 AM

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not to mention Seputeh will achieve city centre status in the future (has been earmarked)
DesRed
post Jul 29 2020, 02:05 PM

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QUOTE(surf-it @ Jul 29 2020, 08:17 AM)
800 psf honestly speaking is reasonable guys... but then hopefully the developer will throw in rebate to make it 7xx psf then is perfect, this project will sell like no time
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QUOTE(surf-it @ Jul 29 2020, 08:17 AM)
not to mention Seputeh will achieve city centre status in the future (has been earmarked)
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This area is actually not Seputeh proper, but part of Bukit Bintang. Seputeh starts at Tmn Desa and ends at Bukit Jalil.

As for that RM 8xx/sf pricing, we'll have to wait and see how the developer package this. For all we know, this could be the pricing after rebates. But it may also turn out to be as what you described.

If we are to look at Parc3's selling history, when it was first launched in early 2017, the pricing is around RM 7xx/sf (after rebates) and the units are bare. Then a few months later, they increased the rebates and provided kitchen cabinets to entice more buyers. Didn't really follow up after that as we lost interest in that project by then.

This post has been edited by DesRed: Jul 29 2020, 02:05 PM
yslysl
post Jul 29 2020, 05:39 PM

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I don't think they can link up 1 with 2 and 4 unless they remove the corner houses there
DesRed
post Jul 29 2020, 09:04 PM

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QUOTE(yslysl @ Jul 29 2020, 05:39 PM)
I don't think they can link up 1 with 2 and 4 unless they remove the corner houses there
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Not sure what the final design is going to be like, but it's still possible to link up both roads if they build the road access connecting the two further into their plot without needing to buy over those houses.

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