Lemme guess... is it that empty plot of land next to the Pasar Seni MRT station? Because I used to park there sometimes if there happens to be an empty spot.

Right before it got horded up and commenced the construction works there. If this is true, I foresee those who bought the smaller-sized units will turn them into airbnb and rent it out to the tourists. Going to be a competition for the Four Points Sheraton Hotel nearby built by Masteron. I see lots of tourists (along with Banglas and Nepalis) around Petaling Street.

Area you guess is not near to menara pnb118 as mentioned by TS

Located in the shopping and foodies' haven of Petaling Street, known for its rich heritage and history, this site will be developed into a premium 1,700-unit condominium. It is well served by the MRT, LRT, KTM Commuter and Monorail network.

Site Area: 1.4 hectares

The open air carpark opposite Wisma Tun Sambanthan.

Aw shucks... I always park at that carpark whenever I go to eat around there after that empty plot of land near the Pasar Seni MRT station got hoarded up and started construction. Oh well, have to go look for another open-air carpark or carpark building nearby, then.

As for those carpark lots nearby, they are frequented by touts.

Alternative, can take lrt/MRT/monorail to eat around there next time...

How far walk to PNB118

Estimate psf for this suites

That one, you'll have to wait until the developer open up their sales gallery.

Best you register at their website and wait for one of their sales staff to give you a call to set an appt to visit their sales gallery and walk you thru its features, pricing, etc.

Selling nice prices and now better to wait for clarity of market conditions.

As an update, the carpark is closed down since last week and just this afternoon, the demolishing works on the structures standing there have dy started.

Seems like the next easy target for developers are open-air carparks.

The so called open cp land is usually owned by landlowners which are waiting for rite time to sell or develope.

Cp fee will provide some income.

Dum understand why 69 storey and not 70 or 65.

Is this the land nearby the police station ?

Yes, the station is across the road from that ex-open cp side entrance. You can find it in Google Maps.

Buy and rent to Bangla hawkers ok ah?

Here ???

Nope. It's actually below the Pasar Seni MRT. I'll highlight it below:



If you do happen to drive there, you can see the clearing works have already commenced and they're still removing whatever structures remaining on that ex-open cp land.

To me , lease or free is totally fine ... Only my personal opinion ya

Same here, I'm fine either way. My wife was initially particular on freehold, tho, but after some thinking, decided to just accept whatever title its on.

Coz after more than 20 years, for sure any new launch/recently completed project now will not look that good after that period, plus the maintenance costs will rise due to wear and tear of the equipment, facilities and the lifts. Most will upgrade to a better dwelling place by then.

Well, some people prefer freehold to leasehold. But to be honest, are there any condos/serviced residence within a 100m - 500m radius from any public transportion which are freehold? So far from my search of those condos, a lot of them are leasehold.

Well, some people prefer freehold to leasehold. But to be honest, are there any condos/serviced residence within a 100m - 500m radius from any public transportion which are freehold? So far from my search of those condos, a lot of them are leasehold.

savile cheras, ekocheras, velocity residence, d'sara sentral... all these direct linked somemore...   

savile cheras, ekocheras, velocity residence, d'sara sentral... all these direct linked somemore...   

savile cheras, ekocheras, velocity residence, d'sara sentral... all these direct linked somemore...   

Dsara sentral is lishold

they dont know so they say dont have lor.

most the investors they know the dff of fh vs lh. if the entry price of lh really much lower than fh at same area then I also okie. haha

Oops. Looks like I wasn't paying attention to either one of them, but I do recall that Sunway Velocity and its residences are sitting on freehold land.

Saville Cheras, I once received its brochure at some property expo, but found the location a tad far from the city after doing a bit of research on it.

As for Ekocheras, anything with an 'Eko' in front, I dropped the idea of considering it once the sales staff mentioned the high asking price and the low rebate of 5% when I was at the iproperty expo at MidValley last year.

Maybe that's why I can't remember these projects and their details.

haha... actually these few projects really quite premium pricing in term of direct link mrt projects... tambah freehold lagi... all the more premium pricing... haha... compare to one of the up and coming direct link project in cheras... aster residence which around rm550 psf... the rest all above 600 psf...

this project is interesting. Im not very understand leasehold - is there a difference on who owns the land for lease hold? is the leased land own by the developer or eventually all lease hold land will return to govt?

sory for my noob question. I just want to know is this affect value like 20-30yrs down the road

this project is interesting. Im not very understand leasehold - is there a difference on who owns the land for lease hold? is the leased land own by the developer or eventually all lease hold land will return to govt?

sory for my noob question. I just want to know is this affect value like 20-30yrs down the road

Leasehold means like 99 years..
After that period needed to returned to government...
Unless have extension which u needed to pay $$

The payment is paid by the owners of the condominium ?

The payment is paid by the owners of the condominium ?

so far I don't think Malaysia has test case yet for strata properties to renew its leases.

yes generally will be paid by owners and may not get to renew to another 99 years.

Still no news ???

I just passed by the project site this afternoon and saw them constructing the frames dy. Looks like they are getting ready to hoard up the land.

CADANGAN PEMBANGUNAN 1 BLOK PANGSAPURI SERVIS 69 TINGKAT (1,889 UNIT) YANG MENGANDUNGI:- I) 1 TINGKAT RUANG LOBI UTAMA, TEMPAT LETAK KERETA, BILIK KESELAMATAN, BILIK PETI SURAT, TANDAS, TASKA DAN M&E (DI ARAS BAWAH) BESERTA TEMPAT LETAK KERETA DAN M&E (DI ARAS MEZZANINE); II) 7 TINGKAT TEMPAT LETAK KERETA DAN MOTOSIKAL BESERTA M&E (DI ARAS 1 HINGGA ARAS 7); III) 1 TINGKAT PODIUM KEMUDAHAN YANG MENGANDUNGI SAUNA, GIMNASIUM, DEWAN SERBAGUNA, BILIK PERMAINAN, RUANG PERMAINAN KANAK-KANAK, PEJABAT PENGURUSAN, BILIK PERSALINAN, KOLAM RENANG, SURAU, TANDAS DAN KEDAI (DI ARAS 8) IV) 58 TINGKAT UNIT-UNIT PANGSAPURI SERVIS (DI ARAS 9 HINGGA 66) BESERTA M&E (DI ARAS 14-16, 34-36 DAN 47-49) DAN BESERTA KEMUDAHAN (DI ARAS 47); DAN V) 1 TINGKAT KEMUDAHAN DAN M&E DI ARAS 67 DAN 1 TINGKAT KEMUDAHAN YANG MENGANDUNGI SAUNA, GIMNASIUM, BILIK PERSALINAN, KOLAM RENANG DAN TANDAS (DI ARAS BUMBUNG ARAS 68) DENGAN 2 TINGKAT TEMPAT LETAK KERETA ARAS BAWAH TANAH BERSERTA M&E

Petaling Street Residences???

No many to pay consultant to come out with better name or this one is affordable housing?

The Opus sold at 1500psf.
This one could be 1000+psf?

Credit: Source
Currently pile load test can be seen on site. Project name still not found so far.

Isn't Opus density less than 300 units? Not surprised at such pricing, but with that kind of surrounding, it feels really overpriced.

If GSH launches this project at around RM 1,xxx/sf, not sure if it's justifiable as Petaling Street and Pasar Seni doesn't scream high-end living to me. That place is literally filled with shops, hotels and hostels.

How about 450sqft unit at RM1k/sqft?  Does that sounds cheap?

Isn't Opus density less than 300 units? Not surprised at such pricing, but with that kind of surrounding, it feels really overpriced.

If GSH launches this project at around RM 1,xxx/sf, not sure if it's justifiable as Petaling Street and Pasar Seni doesn't scream high-end living to me. That place is literally filled with shops, hotels and hostels.

Lorong kwai chai already a tourists ta kad place....

Its a matter of time this place will be revised.

With two train lines, plenty of eateries and potential of pnb118, i think the potential is good.

Dun dream it will be sold at 1000psf. I expect no less than 1500psf if majority small units.

I think need at least 5 years to complete this development .
My personal opinion , GSH is one good developer from SG .

Can share currently which project dbkl has granted 5yrs or more under spa?

Someome said the binatra sg besi is 5 yrs. I know tod may get 4.5 yrs. This project is single block. I doubt it will get 5 yrs

Am not sure too bro . But I know 1 project in sungai besi there , said to be completing in 5 years , but 3 years already carpark also not up yet.

4seasons 6 yrs.

Trion said to be 5 yrs.

I don't don't any other resi project is granted 5 yrs (60 months). pls share if everyone here know any.

if 3 yrs carparks podium also not built, hoisei to owners.

oh..one more project 'said' to be 5 yrs - Bangsar Hill Park.

Duta Park Residences by Malton is also 5 years.

Other than Trion, I don't recall any other project which falls under that criteria. Most projects are still within 4 years, regardless of how tall or short they are.

Let's just wait until the piling is done and its sales gallery is open, then we'll get more info on this project.

Hope it looks good for a one block serviced residence.

4seasons 6 yrs.

Trion said to be 5 yrs.

I don't don't any other resi project is granted 5 yrs (60 months). pls share if everyone here know any.

if 3 yrs carparks podium also not built, hoisei to owners.

oh..one more project 'said' to be 5 yrs - Bangsar Hill Park.

Yeah .... Do u have any idea where is the sales gallery ?

I always go to the cafe nearby leh, just realize got a development there. If got a house there, quite convenient ma 

No idea atm.

GSH's official website didn't even say much about the project aside from renaming it to 'Petaling Street Residences'.

Duta Park Residences by Malton is also 5 years.

Other than Trion, I don't recall any other project which falls under that criteria. Most projects are still within 4 years, regardless of how tall or short they are.