CEO say by hook or by crook this year wor, 2413 units with some commercial

So confusing. Imagine people tell you Publika and you go there but later found out its Cheras...haha

https://www.theedgemarkets.com/article/navi...allenging-times

"In terms of upcoming launches, one of the more highly anticipated projects this year is the developer’s first transit-oriented development (TOD) in Taman Connaught, Cheras. Sitting on a 6.86-acre freehold tract adjacent to the Taman Connaught MRT station, the mixed-use development will comprise 2,413 residential units in four blocks, as well as some shops on the ground floor."

I actually agree to this.

TOD is not just for development that next or walkable to LRT/MRT but brings out more factors.

Fuyoh, really pushing the limit. UEM 2,413 units including the maxim resi, majestic, annex, aster, avenue & flats apartments around. My happy go round rollar coaster road here going to jam badly.

Hope this help revive the Cheras Sentral neighbourhood mall in future.

If not a publika 2.... Should it called Publika City Mall instead?

This post has been edited by wotpian: Aug 1 2022, 07:07 PM

Can all the You series resi link to future You mall? Is the You mall access got bridge direct access to mrt station?

ne of the more highly anticipated projects this year is the developer’s first transit-oriented development (TOD) in Taman Connaught, Cheras. Sitting on a 6.86-acre freehold tract adjacent to the Taman Connaught MRT station, the mixed-use development will comprise 2,413 residential units in four blocks, as well as some shops on the ground floor.

The residential units will be launched in two phases — the first (1,175 units) in 4Q2022 and the second at a later date. The units will have built-ups of 330 to 1,266 sq ft and are indicatively priced from RM200,000, targeting young executives and young families.

“We have always responded to the needs of young buyers living in KL. We know that these buyers do not prioritise private luxury. They prioritise being next to a public transit system, which is only four stops away from Tun Razak Exchange. As such, we are confident that we are able to curate the right product for them,” says Sufian.

“We know there is a gap in providing the right product, the right pricing and the right features to young executives, especially those between the age of 28 and 40, as well as families who want to live near the city centre and enjoy the benefit of public transport.

“We have also amplified that with the curation of very specific product features. Living in the city now carries a different meaning, as there is a flexibility given to working at home. As such, we will provide platforms and opportunities for people to be close to their home, not necessarily to work at home, but rather be in a conducive environment to work away from the office and close enough to meet the needs of families.”

https://www.theedgemarkets.com/article/cove...ent-tough-times

330 sqft?! That's small even for a studio apartment, especially considering this is not even in the middle of the city centre.

Indeed, a compact size studio unit. Like a regular hotel size unit. Could be this type of product really lack of at this cheras center area.

Purpose build just for UCSI students. There is even beam electric scooter for rent for student to get to school. Bus from MRT drop by at school passes by there as well.

Really convenient location with many shoplots closeby and all the banks just located at the connaught main road.

Nearby got a bookmark coffee cafe. Provide really nice drawing on latte for customers.

Thank you for sharing

Taman Connaught and Johor projects still pending approvals
In the media briefing, Sufian said the developments at Taman Connaught, Cheras development has been deferred to the first quarter of 2023 as the developer is still facing challenges in obtaining an Advertisement Permit and Developer’s Licence (APDL) from the Ministry of Housing and Local Government.

UEM Sunrise acquired the 6.86-acre freehold site in Cheras for RM197 million last year; it has an estimated total gross development value (GDV) of over RM1 billion.

Its proposed development was slated for a two-phase launch, with the first phase kicking off in 2H2022.

However, the Housing Ministry has developed a new single entry system called Housing Integrated Management System (HIMS), to replace older systems consisting of BLESS, IDAMAN and e-Pemaju, which affected its application for the project’s APDL and launch date.

“This is not an issue that is exclusive just to us. But for UEM Sunrise, given that we are a company that is going through a transformation process, the impact is much more profound as we are not as buffered as other developers," he said.

UEM Sunrise, however, is hopeful of securing the licence sometime in the third or fourth quarter this year.

https://www.theedgemarkets.com/article/uem-...s-softer-market

Our main concern is that the investor market is getting challenging, as real estate yields are getting so low that they match one’s risk-free rate. Also, a hike in interest rates will be anticipated this year, which will affect property prices, the availability of capital and the demand for investment.”

That is why the developer’s focus has always been on genuine buyers and people looking to purchase attainable homes. “We think there is still space in this area for us to play effectively this year and we believe that it will last for some time before the property market returns to normal,” says Sufian.

This is the pivot point. If developers are worried for investors then you better be too.

"We are pleased with our financial turnaround and are on course to remain profitable for this financial year. Our priority for 2023 is to strengthen our product pipeline and focus on property development activities. We will begin our year with launches in the Central region namely THE MINH at Mont’ Kiara and our return to the Cheras market, THE CONNAUGHT ONE,” said UEM Sunrise chief executive officer Sufian Abdullah."

https://www.theedgemarkets.com/article/uem-...%A0%C2%A03qfy22

It's finally coming!!

Comming soon


The Connaught One | UEM Sunrise https://www.uemsunrise.com › region › project › the-co...
1 day ago — Stands in the established neighbourhood of Taman Connaught. The Connaught One is the one place where you can have it all. Virtual Tour. Built-up.
24 Aug 2022 - 5 Jan 2024
THE MINH
5 Jan 2023 - 5 Jan 2024
The Connaught One

can search on Google , but now they removed the link already...