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 PUTRA HEIGHTS SENTRAL Serasi Residences, Service Apartment Mampu Milik

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babu_my
post Nov 4 2024, 02:21 PM

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QUOTE(Longshot @ Jul 24 2024, 08:43 AM)
You do realize that if it can make it, then Giant (which is already on life support) will be dead. Maybe also Jaya Gtocer in The Glades.

It really depends on the tenant mix and who is handling the lease. If the mall units are sold to individuals there is little control and difficult to control. SDP has to retain control and it's leasing team bring in an anchor tenant.

And why must it be a mall, why not a big govt clinic where you link it with the LRT. The LRT is an interchange station where the clinic is accessible by Puchong, Kinrara, Bukit Jalil, Subang, Alam Megah shah Alam, USJ and Putra Heights. Pretty big catchment area and can boost the rental and housing demand of phs.

Why not an education hub, maybe invite Taylor or segi or inti to setup a branch at phs. Maybe the offer specific course like school of business or engineering at this new campus. Compliment Kingsley private education. This will also create demand for rental by the students, lecturers, staff etc

Why not move SDP associated companies HQ, maybe the Sime Guthrie sister company can be relocated here for their operations or invite association or agency like Malaysia Palm Oil Association (which is UOA Business Park) over here to setup offices which will create foot traffic for the shops like those in serasi and demand for housing.

Tod is not just about residential near the train station.
Can expand it to include a variety of other use.
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Retail Mall usually means standardised operation hours, single owner. No mall owner will look to compete against existing operators in the area, this is not good business, they will look for complementary tenants. Retail via shop lots or equivalent, usually means individual owners. Developer can still control and guide via keeping strategic units and finding tenants for those, selling the rest. Keep for reoccurring income or dispose with tenant later.

Government institutions generally don't buy commercial space, land is surrendered for hospitals, schools, libraries etc. As part of the planning process approval.

Education hub could be viable, but makes no sense so close to Subang, with its universities and schools as well as public transport infra.

SDP, Sime Darby Berhad & SD Guthrie are completely separate entities listed on Bursa independently. They have no ties together except for a shared licensing agreement for the Brand "Sime Darby".
babu_my
post Jan 14 2025, 11:26 AM

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QUOTE(tohca @ Jan 14 2025, 08:34 AM)
I think he said construction will complete by end of this year, but vp may not be so soon. I think Maya Ara also have vp delayed quite some time.
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Construction progress is not a very good indicator for HOVP timing.

Once construction is mostly completed, developer needs to obtain CCC and connection to external services. This means authority and utility inspections and approvals, including the issuance of strata titles (which means survey of as-built). Typically this will take 3 to 6 months, and usually only beigns once majority of construction is completed.

The safest bet is to refer to your SPA delivery date, especially if you bought at launch. Developer must deliver by this date or be prepared to pay LAD.

Thanks
babu_my
post May 30 2025, 08:57 AM

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QUOTE(victorian @ May 29 2025, 04:35 PM)
4 years too long IMO.

2-3 years is just nice, less progressive interest to be paid.
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Stratified high-rise is minimum 3 years contractually. But most developers will get extension of time prior to launch, meaning anywhere from 3-5 years. Usually the taller, the more complex a high rise is, the more time required to build. One of the main reasons for extension of time is the preparation of titles upon delivery, inspection and title issuance can take up to 6 months from practical completion.

This post has been edited by babu_my: May 30 2025, 08:58 AM
babu_my
post Jul 7 2025, 08:46 AM

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QUOTE(thx2012 @ Jul 6 2025, 02:22 AM)
Serasi This Project better dont buy SAMM Unit, because not earning, buy Normal Price still the same price per sqft as SAMM unit
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Unlikely, SAMM units are purchaser and price controlled by LPHS, at RM 250,000 with a minimum size of 550 sf. Developers can appeal for a higher price, by justifying extra features like additional carpark of furnishing, usually the max is RM270K.

In a mixed development of Serviced Apartments and SAMM, SAMM units will always lose money for the developer, due to price restriction. SAMM units are subsidized by open market units.

In addition SAMM units have a on-sell restriction of 5 years from the date of the SPA, which means if you buy at launch, very soon after completion, this restriction will be removed.
babu_my
post Jul 7 2025, 11:59 AM

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QUOTE(Grimoire @ Jul 7 2025, 10:50 AM)
i think what he meant was, for serasi SAMM, if u want to make it as investment later, u cant earn higher than those in SJCC and SJ7. u pay the same as those in sjcc and sj7 but cant earn the same.
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Sure. But if you qualify for SAMM, and developer is decent, trust the location, once the on-sell restriction is lifted, SAMM pricing becomes market defined. It should normalise upwards, since it is a cost subsidised product.

But that's capital appreciation, for rental yield, i would be looking at number of bedrooms you can rent.
babu_my
post Jul 14 2025, 09:43 AM

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For SAMM, best register with developer, they have an interest in selling and will chase the authorities for approval.

https://simedarbyproperty.com/putra-heights...1UaAuFWEALw_wcB
babu_my
post Aug 12 2025, 07:39 AM

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QUOTE(pooh88 @ Aug 10 2025, 10:12 AM)
Boss Eric,

When is the estimated date this Serasi will be ready ?  hmm.gif  blink.gif  bruce.gif
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Main Con will always struggle to answer this question. Main Con can tell you when the main building works will be completed, practically completed, but will not be able to tell you when its ready for handover. Developer will also rarely commit, as once the building is completed, it can take several months to obtain all the necessary approvals from he authorities for CCC, bomba, road and drainage, TNB, Air Selangor, etc.

Add to that, Developer may want to do some defect rectification across units and common areas prior to handover if there is time (development period based on the first signed Sales & Purchase Agreement), the best advice is always plan according to the development period in your S&P, developer will always do its best to handover before then, or they pay LAD.



 

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