New Upcoming Rumawip in Bangsar South. Plot land enclaves between Novum and Link Bridge. Walkable to LRT. Developer still under negotiation with DBKL.


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Who is the developer? UOA?

Wah macam ini hw novum South view south link all can survive?

Normally they takes how long to get approval

good luck for the traffic.

now every morning/evening jam like shit inside that area. can't imagine once the construction completed

already super jam now. evening jam could last til past 8pm.....

more apartments doesn't make much different.

RUMAWIP???

every morning have to jam at least 20 minutes from gateway mall to vertical:x

1 apartment at least another 500 cars extra in that area. there are another 2 upcoming apartments.
so you do the maths

do you know UOA just launched Goodwood Apartments? total like few thousand units, next to Nexus.

no idea. but i think they have to solve the illegal parking first
many cars are hogging 1 lane and some even park right before traffic light and hence the flow bottleneck.

That location is very good indeed.

but Bangsar south is not a good place to call home these days.....

coming home during rush hours....jam

going out during rush hours.....jam

It's strategic. And also, if u go other places. U still cannot escape the jam.

not every place jam like bangsar south during peak hours... imagine from nexus car park to exit to federal highway need more than 30 mins... thats not simple jam... lol... even cheras jam also cant fight this kind of jam... if federal highway already jam like shit... then i think u need to stuck longer in your office car park...

Because I work in mid valley. Hahaha

The place is so hectic. Behind KL Gateway so many residence now. it is already heavy traffic now there. Congested with double park in the area.. Developers should have remove the flat beside KL Gateway.

lol... then this is personal advantage already... for alot of potential buyers... not everyone for sure can find a job in BS or nearby midvalley one... hence the jam memang cannot tahan even for cheras lang standard...

This place very congested. Mix of PPRs, Apartments, Hotels, Condos, SOHO, Mall, Offices, Housing, Quarters in a small area. PPR traffic already gila

if you pay for it... then they will remove them immediately... not only acquire those buildings... you even need to find a replacement home for the residents....

There is a developer already got the place, and replacing the residence from there to another new spot. Not sure who is the developer yet. They are in the midst settling with DBKL to ripping down the low cost flat.

Kl gateway already did once... not sure will UOA do it or not as it require alot of cost to do so... even after successful nego with DBKL... also not sure whether they will start work immediately or not... current gov doesnt seems like interested with this kind of redevelopment...

good for investment despite rumahwip. accessible to kerinchi station. also choice of tenants would be wide. menara tm owned by khazanah already have 4k working employees.

I recall UOA once had plans for an affordable housing project called UOA Kerinchi or sth, which was cancelled sometime back by DBKL. Suddenly been given the green light to proceed?

As for that plot of land in the picture wedged between Novum and Southlink, isn't it owned by Tan & Tan (according to wikimapia)?

Strategic location..
But good luck traffic jams 😄😄

Even at 8pm dinner time wanna go out for dinner...jam from yr carpark exit til fed hwy.

Is the flat causijg all the jam?

That kerinchi area was originally a low income settlenent place. Dbkl took over the places in kul and moves them here

Private developers that are greedy now

I believe that piece of land belongs to IGB for the hotel block.

Interesting...
Previously there developer did that...

Just get the info.. It is on hold.. Developer waiting for new format of affordable housing launched by KPKT this coming Nov/Dec..

Meanwhile, the National Housing Policy 2.0, which is expected to be revealed in November or December, will benefit property developers who are focused on building houses below RM500,000.

“The new housing policy presents slight optimism for the sector as it is expected to tackle the high property prices and ease lending requirements – particularly for first-time home buyers,” said UOB Kay Hian.

The Ministry of Housing and Local Government has emphasised that it will address several issues including lowering house prices by reducing compliance cost and implementation of industrialised building systems.

In addition, the federal government is also working closely with state governments on land issues whereby the latter have been asked to submit a list of potential land plots that can be used for affordable housing projects.

“Potential measures that are proposed for the new housing policy include the extension of a maximum loan tenure to up to 40 years and to provide various types of loan structures like flexi loans, flexi interest rates and step-up schemes.

“These hybrid measures provide better flexibility for homeowners to own houses, and allow young homebuyers to own a house once they join the workforce,” said UOB Kay Hian.

At present, the maximum loan tenure is 35 years or until the borrower turns 70 years old, whichever is earlier.

Moving forward, the research house said that affordable housing will remain the key focus of developers. This is reflected by the rise in launches of residential properties priced below RM500,000, which grew from 52% of total launches in 2H17 to 65% in 1H18 as reported by the Real Estate and Housing Developers’ Association Malaysia.

“Separately, the association also outlined a few suggestions to encourage provisions of affordable housing which includes reduction of development charges, lower land conversion premium and exemption of capital contribution,” it said.

The Valuation and Property Services Department recently reported an increase of 18.1% in unsold and completed homes to a new record high of 29,277 units in 1H18, with majority of the overhang units being high-rise residences priced between RM500,000 and RM1 million.

“In view of this, we think that property developers that focus on the affordable housing segment may continue to report decent earnings while developers that focus on the premium market may face risk of slower take-up rates and their margins could be compromised,” said UOB Kay Hian.

It maintained “market weight” on the property sector and maintained “buy” calls on Malaysian Resources Corp Bhd and Gabungan AQRS Bhd. For exposure to the affordable housing theme, it prefers Mah Sing Group Bhd, on which it has a “hold” call and target price of RM1.23.

But i would think otherwise as in if u stay in BS, u shd be against the traffic flow. Morning ppl rush into bs, but u leaving bs. Evening everyone leaving bs and u r actually on the opposite side of the road going into bs.

seems like there's major overhauled in the affordable housing segments...
let's see what PH gomen have for the people...

impose 100 units of low cost+100 units of rumahwip in exchange 100 units of above 500k
for developers approval
time to share some social responsibility and give something back

Guess minimum size will be set at 900sqft.
Most rumahwip size at 800sqft only last time.

Will there be a pricing change? No news or info yet.

erm.. if u are working in BS staying in BS then no issue... if you are working at other direction... but coming back to BS... its not as positive as u think... depending from which side u coming back from... if u need go thru the low cost housing area... doesnt matter which direction u are... u also need to jam together... lol

r u staying there bro?

yeah. heard the size would be increased..

pricing... I think around 200k & high dense

rotate photo baru post can? lol...

might as well ban all the car and motor, only public transport like lrt, mrt, taxi and bus can go in to BS . The rest is walk to reach their destination.

Nope. Just giving my best guess. Anyone staying in bs could validate or refute my guess.

Hahah
Good dream u have there..
Would take long time to be achieved 😊

Malton

Novum has better chance if it's slightly premium given that's it is not so hight density

But really can't imagine how southview southlink can survive in the long run with this

Southview southlinks cheaper than novum rite?

They can beat novim w cheaper price.

And novum faces ruma chun chun.

Precisely..if southlink and southviews advantage is pricepoint,
They will lose out to rumawip

Novum will the remain the most premium among all these mentioned

I wont say novum is premium. So as KL Getaway....price about the same or higher.

BUT after seeing the quality of Getaway and the price they charged, really vomit pure blood till dry...….

That piece of land belongs to IGB. How come now become a rumahwip?

summore malton is the developer....

berri confusing.

Unless someone giving more evidence or the project is inside rumahwip website... I take this thread with 10X pinch of salt.

IGB sold to Malton??
maybe got some "back door" dealings..

Doesn't make sense malton bought the land for rumahwip...

1 block rumahwip, another block "normal" condo

might be true...last time i heard, land development in KL required to build rumawip whenever the developer bought the land

I think the first one to go down is novum.. not south view or southlink..

Also both are public listed cos

When land transacted they were supposed to annouced in bursa.

no one bought land for rumawip..

Yeah saw KL Gateway residences too. Damn jialat. Super disappointing.

They really should kena fine for handing over such a piece of crap to buyers.

Approval in d process already..

Cool, better than Suria Pantai

Good location. Very near to workplace at Bangsar South or KL Sentral area.

oh good news

location also quite good.. near to office places

So looking at 300k 900sqft?
Apartment or with condo facilities?
Developer is?

Luckily uoa pandai.....kwik kwik launched southlinks...

Actually some units will have rather stunning kl city view leh this plot of land.

This post has been edited by BEANCOUNTER: Nov 23 2018, 12:32 PM

Parking

Actually... This area has thousands and thousands of affordable housing.

But good location for rumahwip and those who qualified should grab it.

This post has been edited by gks: Nov 23 2018, 09:02 PM

Who’s the developer ?

Any update?

Hi boss. Do u know any updates for this project?

Hi All, any news on this project?

parking

parking

Any info when open for pre registration?

Wah, the real Bangsar South also got rumawip? Interesting.. Parking dulu.

Waaa gonna snatch it if bangsar weihhh

STOP BUYING

Buy Mira

parking

parking

Park here

Good for investment? I thought rumawip by law cannot be rented out, meant for own stay only?

Even when sell also can sell to people of a certain income only. Which means capital gains also not great.

Unless you mean under table rental lor..

Better you say this whole plan implement to all hotspots like Bukit Bintang also. Hahaha.

u have been in the dark for so long my dear...rumawip can be rented out...only cannot sell within 10 years from snp sign date..and so far never heard of such condition that u wrote

Hmm, the previous government revises their original no rental rules to encourage take up rates. But there's no guarantee current government won't revert back to the original no rental rules right?

It's kinda a shaky ground to buy Rumawip or other government-subsidised housing units for investment purpose, isn't it? Going by the statement from Zuraida a few months ago that they plan to "optimise" or reduce the budget allocation for affordable housing by instituting a grand "affordable housing" policy soon (though no exact details have been revealed yet). One of the things she mentioned was that her ministry is deliberating to have the current affordable houses to be sold to the buyers of certain income range.

https://www.theedgemarkets.com/article/govt...ts-says-zuraida

Can rent out

Any information of who's the developer?

Developer is Malton (of Pavilion fame).
Coz government require developers to build affordable housing.

When the booking starts?

Aiya.....just sign loan agreement for other rumawip last week...

Obviously this is not the same project. The title says FH. Malton one is LEASEHOLE

Then this one is which project? Can book edi?

Different project.. Malton is not bangsar south proper..

Which RumahWIP you booked?

This one FH one have to wait to Q3 or Q4 of 2020

Lily apartment..i guuess not bad also right..but this one is closer to klsentral area

Lily apartment..i guuess not bad also right..but this one is closer to klsentral area

Check malton's website there's complete info there except for the construction time. Got the layout also. Just google rumawip rio.

This post has been edited by Copyyy: Oct 20 2019, 03:56 PM

Lily not bad.. just no balcony, no swimming pool, and crowded area..

Lily Apartment should be ok.
I'm also interested in that.
Coz got future link bridge to MRT2.