They Just change developer for HVO , ady sign contract on Nov 2018 , now if u go to site u can see the project ady under con

can you share the progress for HVO?

yea share!!!

Another RM1.88 bil to be invested into property market
Charles Tan - December 2, 2018 8:30 AM• 5 minute read

It’s good to note that while the sentiment among first-time home buyers is not that positive, there are many investors holding a firm belief in the long-term potential of the Malaysian property market.

For instance, Indonesia’s property developer Riyadh Group is to invest US$450 million (RM1.88 billion) into two projects – revamping a mall in Shah Alam and several developments of over 10.35 ha of land in Serenia City, Sepang.

According to an article in TheStar, This will be done via a joint venture with two local firms – Mainstay Holdings Sdn Bhd and Pembinaan Tetap Teguh Sdn Bhd (PTT). Riyadh will hold a 65% stake in the JV.

A look at the two projects




The mall in Shah Alam is pretty empty even if location wise, it’s very accessible and could cater to the working population nearby. The revamp is expected to be completed in six months.

Riyadh Group’s president director, Bally Saputra said that they plan to create a “Little Indonesia” within the mall, featuring popular Indonesian cuisine, and boutiques selling Indonesian clothing designers, among others. The mall will also be renamed “Maha Karya Town Square”.

The second project with a gross development value of RM1.7 bil, is an enhancement of the planned Horizon Village Outlet development in Sepang.

Bally said, “The plans consist of a two-storey premium outlet village and six tower blocks which will house two hotels, high-end serviced apartments, as well as a Riyadh International Islamic Hospital.”

The article also quoted Bally as saying that entering the Malaysian property market when it was slow was a good opportunity.

He added, “Malaysia also has very good tourist arrivals, and we expect our project based in Sepang, being near the airports, to benefit from this.”

It’s very common for many new investments into Malaysia to start within the Greater Kuala Lumpur property market scene. This is where most of the action is.

What is important is that once these start to bear fruit, the investments should move into other major cities or towns too.

A slow market represents a great opportunity, this is true. Growth comes slowly, usually. And speculation is rife. This is the reason why developers think 10, 15 and even 20 years ahead when they buy land and build townships.

What’s missing today is a focused development of affordable homes to house as many Malaysian households as possible so that they do not miss out on property investment opportunities.

Bally said, “The plans consist of a two-storey premium outlet village and six tower blocks which will house two hotels, high-end serviced apartments, as well as a Riyadh International Islamic Hospital.”


LOL SURE OR NOT OHH


see the plan, where got slot to build "High End Service Apartment" and "Hospital"?

who can go to site to checking horizon suites work or not

someone removed my post..just going to upload it again..if need any information, i can introduce the sales agent so that you all can get further update from there.

Any info on the Horizon Suites?

Good buy or not now?

What was the early bird launching price for block A?

if unable to rent out, you got the ability to hold for 1-2 years or not?

i got the package of 10%+8% for tower A and B which is the same package when they launch.
they have an option to buy the Airbnb Package which cost around 30k-34k depends on unit type with fully furnish.

i don't think there is a need to even hold 1-2 years after completion. the XMU hostel already renting at 700-800 per room but with conditions for foreigners must live in Uni hostel for first year. so i took 1 airbnb package and another unit for student rental which i think should gives me a good ROI compared to most project outside.

my monthly installment only around 1.2k for both unit, and maintenance fee + sinking fund around RM157.. pretty manageable for investment.

Sounds like a good deal

hope it's still ON. coz if one pass by, looks like an abandon project i really hope im wrong coz this place got potential

very very very slow, the whole taman only got 1 7-11 now

u mean that 1 7-E at Bell Suites @ Sunsuria City

things are a little bit slow now because developers are taking the approach 'wait and see' as the current economic climate is not favourable to the property sector...most likely the worst is yet to come...most developers are waiting to launch their product after September or October 2019...you can see even SP Setia is opening their show lot at KIP Sentral and IOI is building their new commercial area opposite glomac saujana KLIA

That area there are 5 projects that unknown/little knowledge to me

1 so that land is IOI commercial but no final /specific plans/launches right . if one enter saujana klia gate, the land on ur right
2 Perdagangan Warisan Sutera . uses red bricks which i seldom see these days.
3 Empty plot of land opposite Perdagangan Warisan Sutera where they are currently putting a fence. wonder what project is this. under Puteri Warisan banner ?
4 after shell kota warisan, on the left side before perodua, looks like a pump station or warehouse can't tell. something is being build
5 Setia Tropicale Salak Tinggi

ya, wonder if any more new shop to open

up till last week, nope

I think this project is dead

REALLY DIED?