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

The Tropika features 13 units of shop offices, 15 retail outlets and 861 units of service apartments with sizes ranging from 731 square feet to 1,317 square feet.

The total estimated gross development value (“GDV”) for the project is RM700 million.

This post has been edited by accetera: Jul 24 2024, 09:06 AM

Psf?

Bukit Jalil again...

So much development going on

Look into it~

will BJ sink?

Any more info?.

location? or can't share again

Where ah ?

Opposite SkyLuxe.

Besides Link2?

Berjaya ? Link 2 phase 2 ?

Yes Link 2 punya Parcel 2

Berjaya really squeeze every inch of available Golf club land for development. This whole stretch of Jalan Jalil Perkasa will be jam pack in future.

Another one in Bukit Jalil? That spot is gonna be dense as hell
Sooner the road to Puchong no need to use liao

[quote=Yamy,Nov 4 2017, 06:45 PM]
Berjaya really squeeze every inch of available Golf club land for development. This whole stretch of Jalan Jalil Perkasa will be jam pack in future.

[/quote,
This dev is already in berjaya plan many years ago. Not surprise at all.

The big surprise was bukit jalil sentral that will outshine bj city in terms of land size and gdv.

[quote=Cocoon,Nov 5 2017, 07:01 AM]
[quote=Yamy,Nov 4 2017, 06:45 PM]
Berjaya really squeeze every inch of available Golf club land for development. This whole stretch of Jalan Jalil Perkasa will be jam pack in future.

[/quote,
This dev is already in berjaya plan many years ago. Not surprise at all.

The big surprise was bukit jalil sentral that will outshine bj city in terms of land size and gdv.

[/quote]

Lets see how the 3 big brothers develop BJ! Pavilion is almost done with his land... Now lets wait for paradigm and sentral do the wonders in BJ.

Bukit Jalil first rose to prominence when the Commonwealth Games was held there in 1998. Since then, it has maintained a high profile — various musical events and exhibitions held there have attracted huge crowds, as did the recent Southeast Asian Games.

While hosting international sporting events has had a significant role in transforming the area, it is undeniable that property developers have played a big part in hastening the pace of growth. This is due its proximity to Kuala Lumpur City Centre and easy accessibility. Bukit Jalil is accessible via the Shah Alam Expressway, Bukit Jalil Expressway, Maju Expressway and Kuala Lumpur-Seremban Highway. There are also several light rail transit stations nearby, namely Bukit Jalil, Sri Petaling, Awan Besar and Muhibbah.

Real estate consultants tell City & Country that Bukit Jalil City and Kuala Lumpur Sports City have sparked a second wave of development in the area, and an upcoming development — Bukit Jalil Sentral — will sustain the momentum.

“Bukit Jalil City or, to be more specific, Pavilion Bukit Jalil, and the regeneration of Bukit Jalil National Sports Complex [into Kuala Lumpur Sports City] have given fresh impetus to the development of the area,” says CCO & Associates director Chan Wai Seen.



Accessibility and amenities

Landed and high-rise developments have been mushrooming in Bukit Jalil.

Berjaya Land Bhd, a pioneer developer in Bukit Jalil, launched its first project there — exclusive houses and the 18-hole Bukit Jalil Golf & Country Resort — in the 1980s.

Then, it developed high-rises, namely Savanna and Savanna 2, Covillea, KM1 East and West, Greenfields, Arena Green and Green Avenue. Its ongoing project is The Link 2 mixed-use development, which comprises serviced apartments, 4 and 6-storey shops and shoplets. Phase 1 is sold out while Phase 2 is now open for registration.

VPC Alliance (M) Sdn Bhd managing director James Wong notes that projects that came up in Bukit Jalil between 1999 and 2010 were the Sri Rakyat Apartments, Jalil Damai Apartments, The Ritz shopoffices and Jalil Sutera, all developed by Bukit Jalil Development Sdn Bhd, a subsidiary of Ho Hup Construction Co Bhd.

Earlier residential developments include Vista Komanwel A, B and C, which made up the Commonwealth Games Village in 1998. The blocks were completed in 1997, he says.

Bukit Jalil has also attracted various educational institutions. They include Asia Pacific University (formerly known as Asia Pacific Institute of Information Technology), International Medical University, FTMS (Financial Training & Management Services) Global College and Technology Park Malaysia College.

This has boosted the worker and student population there, thus raising the demand for housing in the vicinity. Seeing the vast opportunities, many developers have rushed in to grab a slice of the pie.

The landscape of Bukit Jalil has changed tremendously over the years as more and more developments came up.

Saleha Yusoff, director of research and consulting at Nawawi Tie Leung Property Consultants Sdn Bhd, notes that major developments such as Bukit Jalil City and KL Sports City have been a catalyst for its further transformation.

The 50-acre freehold Bukit Jalil City, jointly developed by Malton Bhd and Ho Hup, will house the Pavilion Bukit Jalil mall upon its completion in the fourth quarter of 2020.

Other developers that have projects in Bukit Jalil include Exsim Group, Trinity Group, SkyWorld Development Sdn Bhd, Aset Kayamas Sdn Bhd and WZR Property Sdn Bhd.

Soon, newcomers Malaysian Resources Corp Bhd (MRCB) and the Employees Provident Fund will be jointly developing a 76-acre tract there. This leasehold project, named Bukit Jalil Sentral, will have an estimated gross development value of RM21 billion. To be developed over 20 years, the mixed-use project will comprise serviced apartments, shopoffices, office towers, malls and hotels.

MRCB obtained the land through a privatisation agreement with the federal government for the refurbishment and upgrading of Bukit Jalil National Sports Complex for the SEA Games in August.



Residential segment

Saleha says the prices of residential units in Bukit Jalil, especially high-rises, have generally gone up at a compound annual growth rate of 5% to 7%.

The take-up rate of new launches has also been very good as the prices are seen to be affordable for the mid-market and upper-mid-market units, she adds.

“Bukit Jalil is now a preferred residential area not only because it is well connected by highways and public transport but also for its various amenities such as schools, institutions of higher learning and medical centres as well as an 80-acre recreational park,” she says.

Projects launched in 2016 and this year in Bukit Jalil and its surrounding areas are selling for RM530 to RM930 psf, she adds.

According to Nawawi Tie Leung Property Consultants, freehold SkyLuxe On The Park (developed by SkyWorld and located next to the park) is going for RM923 psf, compared with RM855 psf for The Park 2 (developed by Malton, within Bukit Jalil City).

The Havre (developed by Aset Kayamas, near the Muhibbah LRT station) and Paraiso, The Earth Bukit Jalil (developed by WZR Property, opposite Bukit Jalil City on the Bukit Jalil Expressway), both leasehold, are selling for RM550 psf.

According to VPC Alliance’s Wong, the average prices of neighbouring high-rise developments are RM800 psf for Millerz Square in Jalan Kelang Lama (developed by Exsim), RM600 psf for Citizen 2 in Jalan Kelang Lama (developed by Binastra), RM510 psf for The Nest Residences in Jalan Kelang Lama (developed by Nagano Development Sdn Bhd) and RM780 psf for genKL in Kuchai Lama (jointly developed by CapitaLand and Juta Asia Corp). “Generally, developments in Bukit Jalil command a slightly higher price due to their accessibility to major highways and proximity to LRT stations.”

As for the secondary market, Wong notes that of the 13 high-rise developments in Bukit Jalil sampled by the company, most saw an increase in their average transacted price last year — except for Arena Green, Covillea, Green Avenue, Jalil Damai and Vista Komanwel — compared with 2015.

“The prices of the majority of developments rose from 2012 to 2015, except for Green Avenue, which saw its transacted prices falling from 2014,” he says.

“Kiara Residence also saw a decline in transacted prices from 2013 to 2015. However, the price trend reversed slightly last year.”

Wong says the buyers comprised owner-occupiers, investors and expatriates. The owner-occupiers were mostly first-timers who bought condominiums and serviced apartments. The investors, on the other hand, were looking to rent out their properties to students and working adults, he adds.



Oversupply concerns

With more and more developments coming up in Bukit Jalil, the consultants have raised concerns that there may be an oversupply of residential properties, especially high-rises, in the next few years.

Saleha says this could happen as many of the projects launched several years ago will be completed between 2018 and 2020.

She notes that the gap between supply and the number of households in the Klang Valley was only 4,234 last year — total households were estimated at 1,825,617 (assuming four people per home) and the total residential stock was estimated at 1,821,383 units.

“So, based on KPKT’s (Ministry of Urban Wellbeing, Housing and Local Government) average house ownership of 68%, it means that 1,238,013 households own homes and the remaining 583,370 are either renting or staying in government quarters. Eventually, the latter will want to own a home,” she says.

“And based on the National Property Information Centre’s 2016 residential supply data, the incoming supply is 233,748 units. Therefore, there is a gap between supply and demand, especially in the mid-market segment.”

Despite the concerns, CCO & Associates’ Chan reckons that Bukit Jalil is an established area and the market should be able to absorb the new units easily in the medium term. “Nevertheless, rents and prices may undergo a correction in the short term if the market sentiment does not improve in the near future.”



Commercial segment

Commercial developments in Bukit Jalil comprise mostly shopoffices and shophouses such as The Link Business Centre, The Ritz and Arked Esplanad.

Chan says the high land cost has made it too expensive for developers to build shopoffices there, unless the land is sizeable. Such developments include The Earth Bukit Jalil and Bukit Jalil City, both located in the southern part of Bukit Jalil and nearer to the Bukit Jalil Expressway.

The Earth Bukit Jalil is a 15-acre leasehold development. The first phase, comprising 46 units of 4-storey shopoffices, was completed in 2015. Phase 2 is the affordable housing project, Impiana Sky Residensi, offering 508 units in a 40-storey block on 2.2 acres. Phase 3 is a condominium project comprising 762 units in two blocks called Paraiso, The Earth Bukit Jalil.

Bukit Jalil City consists of the Pavilion Bukit Jalil shopping mall, signature shopoffices, The Park Sky Residence, Park Point Shop Office and The Park 2. Phase 1 — the signature shopoffices — was completed and the units handed over to the buyers in June. The entire development is expected to be completed in 2021.



Moving forward

In general, the consultants are optimistic about the prospects of Bukit Jalil, especially with the upcoming Bukit Jalil Sentral development.

VPC Alliance’s Wong believes the area will become a more dynamic and vibrant township as it has been designated as an International Zone under the Kuala Lumpur Structure Plan 2020. (An International Zone means that the area will have many high-class residential properties.)

Chan expects more purpose-built office and hotel developments to come up in Bukit Jalil upon the completion of Bukit Jalil City and Pavilion Bukit Jalil. This has been the case with Pavilion Bukit Bintang, he says.

“In the short term, the focus will be on condominiums and serviced apartments. It may not be viable to develop low-rise projects,” he says.

“Selling prices of secondary projects, such as those located further away from the main developments, may range from RM500 to RM600 psf. Projects that are integrated with Pavilion Bukit Jalil are likely to command higher prices — RM800 psf and above.”

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Nice write up and thanks for sharing!

nice sharing , Thanks boss!

Some says jam is good..
Very ong 😁😁

As of current traffic condition, the jam is still acceptable. But not sure how will it be for the next 3 to 5 years:)

Tropika at Bukit Jalil is finally going to be launhed. 730 sq ft from 530k. Pm Me for details

Try 7am not good till kesas

Soft launch ? Share more details ... don’t like pm pm

Share info please or PM.

SA please PM thx

Holla SA, kindly PM pls

hi SA, kindly pm me for further info regarding tropika, thanks

Share la info... why pm pm? Got bulk purchase deal lagi good

Wow... so many projects along this "jalan Jalil Perkasa 1" now.

erm i heard the their change new management and giving wrong pricing and layout for this development. Their phase 1 owner will go riot them soon. Lol....

Hi anyone pm me of this detail Project

Gg development. Visited last weekend their soft launch

Gg?

why gg?

wondering how much they are selling at this market now?

Is it mix development like Link2? Or pure residential?

Where is their Sales Gallery located?

RM700-800 psf

if really wanna to buy for investment better to get the link 2 existing and completed one still got the chance to up the price little little , look at iproperty the price is similar

Hi, any details? PM

on the weekend just walk in to their sale gallery and take your time to feel it. Remember to bring cheque

https://www.edgeprop.my/content/1475250/ber...FCE3MUCkEfiqxEo

No sifus eye this? So quiet

4 blocks. and starting from 5xxk.

Everyone/developer flocking around Bukit Jalil because of Pavilion 2.

keeping an eye on this

but at this density, 'berjaya-name'. if they still keep prices high while prices are soft in greater KL & PJ...

on hold and KIV first

Ok! will bring cheque

Bring cheque to show off..

Any updates?

go there for the kuih and free starbucks, is nice

8% rebate running currently

2 rooms - 750psf
3 rooms 3 bath - 700psf
3 rooms 3 bath premium - 670psf

anyone has the price list mind sharing the net price for cheapest 3r 3b unit?

Based on the psf provided, the cheapest 3r3b (974sf) should be around 680k~700k; for 1318sf would be around 880k~900K.

Wondering why so so quiet here...

This post has been edited by ah_chung: Feb 24 2019, 10:18 PM

with this psf, can i buy a unit at Mont Kiara? haha

Berjaya Charges high maintenance on Link 2 beside Tropika and most of owners made an complaints to Berjaya and they do not give a damn about it.
imagine 1218sqft they charges rm 597 for the maintenance. Freaking ridiculous developer.

Guys dont let them get con whatever they promised. lol u might be one of the victim like phase 1 .

How much The Link 2 charged psf for Maintenance fees?

about 50 cent. all the owners have upset about this . very ridiculous

is about that cost nowadays, even if they tell you now 0.20psf but when complete actual cost 0.50psf make no different.

Went to the showroom yesterday, ~50% of the units sold within a month, left biggest size unit

no more small unit ? plan to visit

Still got another 3 blocks?

havent sign spa doesnt means its sold, can cancel anytime afterwards

btw any furnishing package they offer for the unit?

this is before discount price?

wow! who said the property market is low!

after discount unfortunately...

tagging: icemanfx

Napic property overhang is fake news.

Man, RM500 monthly for 1000sqft unit

the maintenance fees is 0.42 cent psf

they offer free kitchen cabinet, weird that they don't give air-cond

Wow, does link 2 have facilities that comparable with Twin Arkz?
I thought Link 2 is medium built Condo, but the maintenance fees seems to match luxurious condo instead.

Defect lagi best


Attached File(s)
 90E9F80A_24B6_49DB_B4D0_5D535FE43B3F.MOV ( 1.21mb ) Number of downloads: 894

Not weird just troublesome. High defect rate

They use Henry butcher and cost quarter millions
0.42 then I bet 0.60 after collect key

Misleading is the issue
Suing them soon

There's lot of condo uses Henry and Butcher, even for the ones I am currently staying.
but can they even start charging 0.42 psf maintenance fees if the key is not yet released to owners?
I thought only after accepting keys, will they charge maintenance fees.

As for the maintenance fee hike after key collection, its usually subject to the AGM, unless majority who attend the meeting agreed to raise it.

They cheated owners say subject to review by jmb
Then jmb orang dia semua

as usual, all the developer estimate all nice nice one

0.35 lah 0.40 lah 0.42 lah

once JMB formed, 0.55, 0.60

confirm.

JMB Corrupted

This is really sad sad sad

Ya, Kindly feel together with Waltz residence

Good for ownstay, lobby grocer/commercial to facilitate 3condo residents, stroll across the rec park to use pavilion bridge to mall. Deep enough from highway and rail noise yet accessible. Last pcs of land for development in the area unless gazette the golf course or rec park(highly unlikely), Green view back and front. All this good attributes for it i guess

55 dah plus SF

Km2 ada la don’t call it last

just confirmed with the sales representative.
The proposed 0.42 maintenance fees suggest to change by the management.
And yeah, the management will be Henry and Butcher.

Sad to know this

Why henry butcher be management no good?

The facilities are like shit ! Exsim is much much better. Think twice before u book a unit !

Mr.Swee

Nice read, thanks for sharing.

Can’t open to read ... please share if you have full article

 20190308_ep_2843_locled.pdf ( 1.92mb ) Number of downloads: 376

Owners if want to have voice heard and ensure the condo is manage efficiently please do participate and contribute in jmb. Unfortunately... Jmb is thankless job. Nobody will be grateful at your volunteering work and only know how to complain.

Voicing your frustration via forum wouldnt help your cause.

can share some examples of why you're saying that EXSIM is much much better?

He comparing twin arks with link 2 at tropika thread. I guess tropika shld compare w the era. My 2 cents.