I intended to buy a unit, how much psf in the market? 

I heard that some new development project, LRT station, Greencity shopping centrel and a chinese school  will built near by the OUG condo, am i right?

Somemore, the access from now 3 will be increase to 5.

Any website link on TESCO opening in old klang road ?

Vince, show is on my friend   

News Room
    

KELANA JAYA LINE AND AMPANG LINE EXTENSION PROJECTS (LEP)

Kuala Lumpur, 26 November 2010:- Syarikat Prasarana Negara Berhad (Prasarana) today announced the appointment of contractors for the implementation of the above project as follows.
A.  KELANA JAYA LINE
   
  

A 17 km extension of the Kelana Jaya Line from Kelana Jaya station to Putra Heights (13 new stations). This section will be divided into 2 main contract packages. Package A is from Kelana Jaya Station to Summit (Station 7) which is 9.2 km and Package B is from Station 7 to Putra Heights Station which is 7.8 km.

Following the tender exercise carried out, the contractors appointed under Package A are as follows:
      
   i.  Main Contractor Facilities
Contractor: Trans Resources Corporation Sdn Bhd
Contract value: RM950,000,000.00
Duration: 30 months
      
   ii. 

Nominated sub-contractor (NSC) for the fabrication and delivery of Segmental Box Girder (SBG)

Contractor: UEM Builders Bhd – Intria Bina Sdn Bhd JV
Contract value: RM93,160,367.41
Duration: 21 months
      
B.  AMPANG LINE
      
2. 

The scope of the project is a 17.7 km extension between Sri Petaling to Putra Heights with 13 new stations. This section will be divided into 2 main contract packages. Package A is from Seri Petaling Station to Station No. 5 which is 7.4 km and Package B is from Station No. 5 to Putra Heights Station which is 10.3 km.

Following the tender exercise carried out, the contractors appointed under Package A are as follows:
      
   i.  Main Contractor Facilities
Contractor: Bina Puri Holdings Berhad (BPHB) - Tim Sekata JV
Contract value: RM634,639,089.11
Duration: 27 months
      
   ii. 

Nominated sub-contractor (NSC) for the fabrication and delivery of Segmental Box Girder (SBG)

Contractor: Bina Puri Holdings Berhad (BPHB) - Tim Sekata JV
Contract value: RM67,697,144.00
Duration: 19 months
      
Both Main Contractors for Facilities are to be responsible for the following facilities works:
   i.  All guideway sub-structure and main structure works;
   ii.  Foundation work for stations and traction power sub-stations (TPSS);
   iii.  To launch and install Segmental Box Girders (SBG); and
   iv.  To supply and install parapets and noise barriers.
      
3.  In addition, within the total contract value the main contractors will also manage the nominated sub-contractors for contracts worth RM469 million (Kelana Jaya Line) and RM305 million (Ampang Line) respectively. The nominated sub-contractors, which will be appointed by Prasarana through a separate on-going open tender process, covers:
   i.  Construction of stations and TPSS;
   ii.  Supply and Install of escalators and lifts; and
   iii.  Construction of Multi-Storey Car Parks
      
4.  The selection of the contractors was done through an open tender process beginning November 2009 as follows:
  

    * Prasarana on 3 November 2009 invited Class A contractors registered with Pusat Khidmat Kontraktor (PKK) and with the Construction Industry Development Board (CIDB) with sufficient experience in rail transit projects, to submit their bid to qualify for the LEP Package A contracts.
    * Pre-qualification documents were sold between 3 November 2009 until 4 December 2009. A total of 166 tender pre-qualification documents were purchased by interested bidders.
    * At closing date on 16 December 2009, 119 applications were received with one rejected due to failure to comply with application guidelines.
    * From the 118 pre-qualified contractors, Prasarana conducted extensive evaluation based on their technical capability, financial viability, track record and equipment used.
    * From the pool of pre-qualified contractors, a total of 17 contractors were invited to bid for the Main Contractors (Facilities) category, while 15 companies were shortlisted for the Nominated Sub-Contractor works on the fabrication and delivery of SBG. These contractors were invited to undergo the tender process between June and July 2010.

      
5.  The tender for the Facilities Works under Package B for both lines shall be called upon the approval of the final railway scheme which is expected by middle of the year 2011.
      
6.  With the appointment of the Main Contractors, it is expected that work on the LEP will start as soon as possible.
      

Group Managing Director’s Office
Syarikat Prasarana Negara Berhad
Kuala Lumpur
26 November 2010



About Prasarana
Prasarana is a fully-owned Government company established by the Ministry of Finance, set up to facilitate, undertake and expedite public infrastructure projects approved by the Government. Prasarana and its group of companies are also the asset-owners and operators of several public transport providers namely the LRT Ampang and Kelana Jaya Lines, KL Monorail system and the RapidKL bus operation in the Klang Valley. Other places of operations include RapidPenang bus services in Penang and the cable car in Langkawi.

For further information on the release, please contact the Group Communication Division at 03-76507788 ext 1603

Worth to buy, the area should be around 200++ now.

Can you recommend SA to me?

Anywhere, 2 more question here :-

1) Do the jmb going to repaint the building?
2) What I know the Condo still under master title, when the jmb going to get the title?

Vince v need more ppl like you haha keep up the good work

btw, next meeting try to mention about the repainting of the carpark. Its more critical now.

I am wondering has somebody from this thread may consider OUG Townhouse which is jsut opposite the OUG Condo with a nicer environment and coming with facilities like a condo and also have 2 car parks each unit. I am staying there and I like the place very much.

New Project launch nearby by AKISAMA..

http://www.iproperty.com.my/propertylistin...artment_ForSale
Check it out !

Sorry for the tat, here is the link:-

http://www.iproperty.com.my/propertylistin...artment_ForSale

Latest News.

http://mmail.com.my/content/57614-lrt-exte...l-design-stages

Just pay the downpayment 10% and key already on my hand. Owner just move out last week... they are agreed early release the key to me.

With the key, i already ask the agent help me to look for potential tenant. Just a minute ago, agent told me rent out with RM1400....will sign the agreement by next week. Kaya....kaya 

Yes, I know the transaction maybe take a longer time, but this is not my main concern, I only concern how fast i can get back the return.

I also been told by the agent that i needed to pay extra 2% in order to get letter of consent. ( I dun know what is that???) (Anybody got idea on it).

But, nvm.... I believe I will earn back the double within 3-5 year. (Unless the LRT stop work... )

wow..... r u sure 775sf  - 130k?

130000/775 = RM 167.7 per sq ft.

My one 205000/1465 = RM 139.9 per sq ft.

I think my one consider good buy oledi...
I know now the youngest like the studio unit. (more easy to manage.... ...in other word....lazy to clean up) But, if you buy for investment better go for big sf with low price. When the market value going up, its will up by per sf basic.....you will earn more for there.

Example.

Your buy 775sf at 130k, when the market go to 200per sf. You only can sell at 155k. Earn 155 - 130 = 25k

If my unit 1465 at 205k, when the market go to 200per sf. I will earn (293k - 205k) = 88k.

It is the reason i didn't look for small sf unit.

haha, you can calculate like that. but, if you own staying, different calculation.

Because, rent out you have double income from your property. (Rental & capital appreciation)

Own stay you only waiting (capital appreciation).

---

Added on December 18, 2010, 11:03 am
So bad. But we can do something on it, like force JMB look serious on strate title issue to one shot resolved this problem.

A lot of Management always think that as long as the sell & buy transaction can be done, no issue.

But, it will brought down our property value with this stupid 2%.

Please imagine that nowadays a lot of people/investor only pay 10% downpayment, the rest borrow from bank. But suddenly you ask them to pay extra 6-8k for this stupid thing. They will run always look for the near by property.

Bear in mind, Z residence is going to start work somewhere around Mac 2011 & another project (from Treez owner) also hv a project near by bukit oug will start work around Mid of 2012. The people got a lot choice.

Is mean every unit only needed to pay 1 time 2% to liquidator, subsequent transaction Rm50 will do?

That mean next time i sell off my unit, the buyer no need to pay 2%, am I right?

If like that is great, ask the buyer no need to worry of 2% issue.

---

Added on December 19, 2010, 12:25 pm
OIC, is mean even we pay the cost, we oso can't get back to title....unless they are initial apply for us.

So bad, let me get some advise from my friend. 

I just come back from Bukit oug condo, I saw one unit want to sold, Block 9.

The contact number is 019-3399291. Good luck

---

Added on December 19, 2010, 5:12 pm
"Special Title"....??? .

Anywhere it is good for the management focus on repairing. The building is look like "Sick" face, is the time to c doctor.

I think repaint the building is the major challenge task for the management, is possibility need 4-5m to complete 13 blocks.

Where to find this million $$$.... maybe wait for the sky drop the money...

How much the management expect can be collected, after using the Act 32 & 34?

Haha! u ask on behalf of me lah...... let me know the result ah....

I not qualify yet, the transaction still need 6 months to process, the name still under previous owner.

Anywhere nice talk 2 u, which block u stay? My unit at block 10

It is walking distance (5-8 min) to Bukit jalil lrt & Sri Petaling LRT, but my previous post only mention that "<b>Future</b> LRT Station nearby = Yes"  to make the strong point for me, what i select Bukit OUG Condo instead of Arena Green. Dun be so sensitive on it.  (Merry christmas to all)

As jalsrix mentioned early
It is walking distance to Bukit jalil lrt but <b>price is expensive now</b>. Still got so many people buy there. why ?

Let us study a bit background of Arena Green & Bukit OUG Condo.

Areen Green
Year 2000
- Develop somewhere around 97/98 and completed around 2000
- Starting price 99k ~ 130k
- psf range RM 120 ~ RM 150
- Rental : RM 500 ~ RM 700

Year 2010
- Asking price RM 220k ~ RM280k
- psf RM 280 ~ RM 330
- Rental : RM 1300 ~ RM 1500

Over the 11 year psf already up +-RM160 (133%) and Rental up +-RM800 (160%).

Actually, if you study back. In the year 2009, the selling price already reach the high RM230k and over 1 year (2009 ~ 2010) that is not much increase on the selling price while another property easily to increase 10~20%.

Of course, we cannot declined that there have potential for Arena Green price go up again, but the increase will less than other property.
Bukit OUG Condo
Year 2000 ~ 2008
- Develop somewhere around 97/98 and completed around 2000 (Phase 1), 2005 (Phase 2)
- The project was delayed due to developer MBF bankruptcy
- The Management was handling by liquidator and running for few year. (very bad, negative cash flow)
- Starting price range RM110k ~ RM 130k (studio unit), RM 160k ~ RM 180k (1222sq ft), RM 200k ~ RM220k (big unit)
- psf range RM 145 ~ RM 150
- Rental : RM 400 ~ RM 800
- The property were selling under market price, due to a lot of singaporean let go their unit to cut lost. That time 1465sq ft can easily get on RM160k.
- Occupancy : 50%

Year 2009 ~ 2010
- JMB was formed to take over the management, the financial was improved and positive cash flow.
- Repairing work were well done over 2 year. 
- Asking price was jump back to ori price RM210k (big unit) (2nd half of 2010)
- Rental : RM 800 ~ RM 1500
- Occupancy : 85 ~ 90%

In my opinion, bukit oug condo just back to track and start the journey while the Arena Green already reach it limit. 



Facing Tennis court or highway, my one is facing the hill (highway... ).

I have yet to make a visit there... Could anyone enlighten me..the majority of the residents are owners or tenants. My intuition tells me its tenant ...What about the races over there... Thanks

Merry Christmas & Happy New Year 2011. Just back for Holiday.

---

Added on December 28, 2010, 4:33 pm
I think Jaya Jusco wah!!!    

haha, maybe u r right. I hear that there is a big jaya jusco will built near by the LRT station. The location possibility is that area......    

How is your holiday?

  The news is come from friend, dun know true or not? Hope it can be materialized. So next time u no need to drive far far shopping. 

Huh......Holiday also need to work  . Wat is the job can work in home? Can u introduce some, i needed find a part time job....money no enough

woooo...graphic designer.......<<9 hours at office then 10 hours work at home>>, the different is
9 hours Office - for company...
10 Hours home.....pocket $$$     

Nolah, CNY coming soon, everything up up up, must find more money to balance my account mah...

Scary 1-1-11. 

I review back your previous post, u buy this condo at 120k++, now almost reached 180k, paper gain oledi 50k.

If later money not enough, u can sell off to cover, no need work so hard lah. (easy .....old)