Lowyat.NET: Latest topics by Babizz

BT District, Bukit Tinggi, Klang

Babizz — Mon, 14 Nov 2022 11:08:26 +0800

Presenting BT District, the latest well-connected mixed development in Bukit Tinggi with residential, retail and commercial components, designed with the aspirations of investors, owners and occupants of the new normal in mind.

New project in Bandar Bukit Tinggi 1, Klang. Details in the link below

https://yajuestates.com/bt-district/

Sunway D'Hill Kota Damansara

Babizz — Wed, 26 May 2021 14:29:31 +0800

New Sunway project beside Kota Damansara Community Forest Reserve. Hearsay 825sf onwards for 2 rooms. Not much details yet.

Price not confirmed but looks decent enough for ownstay!

Live in perfect harmony with nature yet remain distinctively urban in spirit at 𝐒𝐮𝐧𝐰𝐚𝐲 𝐃’𝐇𝐢𝐥𝐥, 𝐊𝐨𝐭𝐚 𝐃𝐚𝐦𝐚𝐧𝐬𝐚𝐫𝐚.

• Integrated development strategically located in Kota Damansara
• Good connectivity and close proximity to DASH, NKVE and Penchala Link
• Unobstructed view of the mesmerizing forested hills & city
• A 100m walking distance to Kota Damansara Community Forest Reserve
• Practical layout with 2, 3, 3+1 and 4 bedrooms with wet & dry kitchen

Berkeley Uptown, Klang

Babizz — Sat, 23 Mar 2019 21:15:22 +0800

This upcoming 33-acre freehold mixed-use development is conveniently located near Klang’s bustling central business district, injecting a new life into this well-aged town, as well as providing you with easy access to Klang’s dynamic commercial and residential areas. With luscious parks, modern amenities and access to the Sri KDU International School, Berkeley Uptown is truly the place to be for you and your family.

Sunway GEO Lake

Babizz — Sun, 18 Feb 2018 08:57:47 +0800

Welcome to Sunway GEOLake - a serene lakeside residence that's connected seamlessly to the conveniences of Sunway GEO Avenue, Sunway City's best destinations, and KTM & LRT services via a network of covered elevated walkways and the ultra convenient BRT service.

This stunning residence arrives as final piece of the Sunway GEO series and stands as the highest point within the enclave. It also features extensive water features, rich greenery, while boasting the longest maze garden and largest landscapes of its kind.

Spanning across luxurious 6.49 acres, Sunway GEOLake is defined by its sophisticated living spaces, calming environment and lavish facilities. This is resort home perfection; a place that you don’t just come home to, but retreat to.

420 units of condominiums and 44 villas. From 1.04 -3.3mil for the condos and 2.14mil for the villas.

http://www.sunwaygeolake.com/

KL - Klang BRT

Babizz — Fri, 09 Jun 2017 21:28:29 +0800

The proposed Kuala Lumpur-Klang Bus Rapid Transit (BRT) is well received by the market, judging by the interest shown following an invitation by the Land Public Transport Commission (SPAD).

At the close of bidding on Tuesday, five proposals were received following SPAD’s request for proposal (RFP) issued on Jan 1 for ideas to optimise the project spanning 34km with 25 stations.

The RFP exercise is open to all bidders registered in Malaysia with experience in transit or infrastructure projects, with the scope of the RFP including planning, designing, financing, constructing, operating, maintaining and even upgrading the BRT line.

Apart from speeding up travel between Kuala Lumpur and Klang, the BRT will be integrated with the LRT, MRT and KTM Komuter lines and bus terminals.

The KL-Klang BRT line is the most important corridor from the 12 BRT corridors identified under the Klang Valley BRT Feasibility Study as it fills important gaps in the existing public transport network while providing a direct connection between two highly developed areas.

The project is designed to cut the journey time from Klang to Kuala Lumpur from 70 minutes to 40 minutes through dedicated bus lanes mostly running along the Federal Highway.

According to current projections, the BRT project is expected to serve some 1.9 million people, with a forecasted daily ridership of over 400,000.

“We are encouraged by the interest and submissions from the market,” said Mohd Azharuddin Mat Sah, CEO of SPAD.

Read more at http://www.thestar.com.my/news/nation/2017...fxvrzB4BRr3t.99

Ambang Botanic, Klang Condo

Babizz — Wed, 01 Feb 2017 22:37:40 +0800

Condo beside Ambang Botanic 2 entrance has received MPK approval after several protests. 350 units, 25 floors over 3 acres.[attachmentid=8452357]

AEON Kota Bharu

Babizz — Thu, 08 Oct 2015 21:00:43 +0800

Like https://www.facebook.com/MYRetail.Insight for the latest retail insights!

Index Living Mall will be opening it's 3rd store in the upcoming AEON Mall Kota Bharu in April 2016. Under a strategic partnership with AEON, Index has reported brisk sales in IOI City and has expansion plans throughout Malaysia with the next store in AEON Shah Alam.

2 new cinema's in Cheras

Babizz — Tue, 06 Oct 2015 22:13:21 +0800

Retail news FIRST by https://www.facebook.com/MYRetail.Insight

Golden Screen Cinemas will be opening a cinema in the upcoming MyTown mall in Cheras. Cherasian's will be now be able to choose between 2 top cinema's in the vicinity with a TGV Indulge cinema in Sunway Velocity mall next door.

Click Like our https://www.facebook.com/MYRetail.Insight page and Share our post.

Evolve Concept Mall, Ara Damansara

Babizz — Sat, 03 Oct 2015 23:12:02 +0800

Like https://www.facebook.com/MYRetail.Insight for the latest retail news

Another new mall gais

Evolve Concept Mall, Ara Damansara is expected to open by November and will be anchored by LOGO Fashion Lounge and Gallery (500 international brands in a 100,000sqft concept store), Jaya Grocer, Celebrity Fitness, Peninsula Chinese Fusion Restaurant, Foodzine (concept food court) and Snook (game room).

Other tenants include AK Noodles, Ah Cheng Laksa, Berkshire Polo Club, Bee's Bakery, Celmonze, Cupcake Chic, Dalkomm Coffee, E-Cut, Egonutrition, Espresso Lab, Gadget Plus, Insadong, I Scream, Jardin Bebe, Juiceworks, Kwik & EZ, Lowe & Sons, Mailbox, Mend & Stitch, Milkshake Bros, Nando's, Restaurant Sri Karak, Samsung, Sasa, Starbucks, Sushi Q, Tan Ngan Lo, Tangpin, Texas Chicken, Teh Tarik Place, The Vault, This & That, Two Brothers IT & Mobile, Two Japanese Restaurant, Watsons, Wrap Works, YoYo Kindergarden and ZARA.

Click Like & Share our https://www.facebook.com/MYRetail.Insight post. Just share, don't copy.

Trifolis Apartments

Babizz — Tue, 29 Sep 2015 22:35:42 +0800

Strategically situated at the heart of a well-planned and matured township in Bandar Bukit Tinggi 2, Trifolis Apartments is a part of WCT’s “Rumah Selangorku” housing development projects. Surrounded by various essential amenities, Trifolis Apartments features two blocks of affordable residential buildings with a built-up of 900 sq ft each unit and it is priced at only RM250,000*.

Features:
Freehold Tenure
Low density
24 hours security
Each apartment unit comes with two (2) car park bays
Easily accessible via KESAS Highway, ELITE Highway and Federal Highway
Comprehensive Lifestyle Facilities such as swimming pool, landscape garden, multipurpose hall and kindergarten.
Only 1.5km away from Tesco Bukit Tinggi LRT station and 2km away from Aeon Bukit Tinggi LRT Station of the 3rd Phase of LRT Line Proposal from Bandar Utama
Other surrounding amenities – Aeon Bukit Tinggi Shopping Centre, Tesco & Giant Hypermarkets, Première Hotel, SJK© Hin Hua, SJK(T) Ladang Highlands & SMK Bukit Tinggi, Police Station, Banks and Hospital

Maju Kuala Lumpur

Babizz — Tue, 11 Aug 2015 21:00:09 +0800

New high dense apartment in Sg Besi & MOD moves the thread to properties..

https://forum.lowyat.net/topic/3676732/+0#entry75850041

Sunway Kelana Jaya

Babizz — Mon, 11 May 2015 20:06:17 +0800

Posted by https://www.facebook.com/MYRetail.Insight

[PROPERTY NEWS] "Sunway to launch RM1.8b project".

KUALA LUMPUR (May 11): Sunway Bhd has acquired five land parcels totalling 17 acres in Kelana Jaya, Selangor, which is slated for a mixed development with an estimated gross development value (GDV) of RM1.8 billion.

In a statement today, Sunway said Sunway Dimension Stones Sdn Bhd, a wholly-owned subsidiary of Sunway Holdings Sdn Bhd which in turn is a wholly-owned unit of Sunway, has signed two sale and purchase agreements with Kelana Resorts Sdn Bhd and its unit Viva Variasi Sdn Bhd respectively, to purchase the land parcels for a combined RM286 million or RM386.31 per sq ft.

“A total of 17 acres of land will allow us the flexibility and space to develop a contemporary mixed development with unobstructed view of the golf courses and a concept on serene living amidst lush greenery and a beautiful lake,” said Sunway managing director of property development division for Malaysia and Singapore, Sarena Cheah.

“It will be a highly sought-after development, given its prime location and wide accessibility. It is also flanked by mature and affluent neighbourhoods of Petaling Jaya, Sunway Resort City, Subang Jaya and Shah Alam,” she added.

The land is accessible from major highways such as the Leburaya Damansara-Puchong, Federal Highway and New Klang Valley Expressway and Subang Airport. It is close to the Setia Jaya KTM and Sunway Setia Jaya Bus Rapid Transit-Sunway Line, and sits within the vicinity of the Kelab Golf Negara Subang.
[source from theedgemarkets]

Penang Designer Village

Babizz — Sat, 14 Mar 2015 00:36:09 +0800

https://www.facebook.com/MYRetail.Insight for more news about malls from penang to KK

Finally, The Ground breaking Ceremony will be held on April 2015 by Penang Chief Minister, to celebrate the kick-off of the PENANG DESIGNER VILLAGE, the premier outlet mall!

Source: https://www.facebook.com/MYRetail.Insight

Maple Residences, Canary Garden

Babizz — Sat, 21 Feb 2015 10:54:08 +0800

Overview

The Maple Residences is part of Canary Garden Commercial City, a freehold integrated commercial development comprising of modern retail shops, the KSL City Mall 2 and 3 blocks of luxurious residential units. Strategically located within the matured and vibrant township of Bandar Bestari, Klang, The Maple Residences features well-planned architecture that offers a range of remarkable facilities for security, convenience, entertainment, lifestyle and easy accessibility.

Source: https://mapleresidences.my/overview/

TREC - Kuala Lumpur's New Centre of Gravity

Babizz — Thu, 12 Feb 2015 23:02:16 +0800

TREC, The Making of A Tourist Destination in Kuala Lumpur. TREC is part of the KL Master Plan that comprises nightlife and food & beverage outlets. TREC aims to be a leading regional designated entertainment district; to create and facilitate development of vibrant entertainment areas incorporating international standard operators, world class F&B, a safe and conducive environment.
STAY WITH US, LIKE OUR PAGE https://www.facebook.com/MYRetail.Insight, MORE INFO TO SHARE!

KL Luxury Price Growth Waning

Babizz — Fri, 14 Nov 2014 12:00:53 +0800

Kuala Lumpur’s luxury residential property market is experiencing a slowdown in price growth, giving rise to the suspicion it may have reached a plateau as it has grown by only 0.7% over the last 12 months.

What is worrying is that regional cities are also facing a slowdown in the price growth of high-end residential property, and in some cases – as in Singapore and Hong Kong – have chalked up negative figures.

Knight Frank Asia-Pacific, on its Prime Global Cities Index which tracks the movement in luxury residential prices across 33 cities, says growth in the third quarter of this year has been by a mere 0.2%. This has been the weakest performance in two years, according to the consultancy’s residential research partner Kate Everett-Allen.

Kuala Lumpur fared marginally better, having at 0.7% seen a growth of less than 1% over the 12 months from September last year to September this year. Whether KL may slip into negative territory if the economy – global and domestic – falters in the coming year remains an open question.

A majority of the new supply of luxury condominiums is concentrated in the KLCC area (1,669 units), Mont’ Kiara (1,144 units), Ampang Hilir/U-Thant (1,590 units) and Bangsar (712 units).

- See more at: http://www.focusmalaysia.my/Assets/KL%20lu...h.joUzPCAX.dpuf

Source: Focus Malaysia

Home prices in Johor slide in second quarter

Babizz — Tue, 04 Nov 2014 13:22:11 +0800

Home prices in Johor state, which takes in the huge Iskandar development zone, dipped in the second quarter for the first time in more than two years.

Prices of high-rise units - which have sprung up in large numbers recently in Iskandar - tumbled 13.5 per cent from the first quarter.

The figures are from Johor's House Price Index (HPI) in a recent Maybank IB Research report.

It showed that the overall index fell 1.6 per cent quarter on quarter - though it was still up 4.6 per cent from the second quarter last year.

The slide has been caused by the Malaysian government's cooling measures from January, said analyst Wong Wei Sum of Maybank IB Research.

The raising of the minimum price of property that can be bought by foreigners - from RM500,000 (S$195,000) to RM1 million - since May has hit demand as well, Mr Wong told The Straits Times.

Still, property consultants noted that while prices of newer projects are falling, secondary market prices remain robust.

Prices in newer developed estates have run up to an unsustainable level, leading to a large price difference between older and newer areas, they said.

"Prices of properties launched up till 10 years ago have been gradually rising over the past 10 years," said Mr V. Sivadas, executive director of PA International Property Consultants.

"But in Iskandar in the last five to 10 years, developers' pricing has shot through the roof."

Developers have been hiking prices "indiscriminately" in response to changes in the minimum value for property purchases by foreigners, Mr Sivadas added.

"The developers' market will eventually find its own level. If developers can't sell, they will have to be more innovative in marketing strategies or adjust pricing."

Demand for recent property launches has been softer than from the second half of 2012 to the first half of 2013, Mr Wong noted.

For example, by the end of September, the first phase of Guangzhou R&F's Princess Cove received about 46 per cent bookings for its 1,488 apartment units which were launched at the end of July. Half of its 79 retail lots were booked. The take-up rate for UEM Sunrise's Almas condominium in Puteri Harbour was 25 to 30 per cent as at the end of September, while Tropicana has yet to launch its high-rise units in Danga Bay.

Property prices are expected to stay weak or flat, especially for mixed-use and high-rise residential projects over the medium term, given the "more than ample" incoming supply by the end of next year, said Mr Wong.

A study by property consultancy Landserve says 18,718 high-rise residential units are set to be added by the end of next year, with 40,374 units more by the end of 2017.

Iskandar Waterfront Holdings is also said to be in talks with several foreign developers to sell some of its land in Danga Bay or Permas Jaya, which could raise fears of a housing glut in Iskandar, said Mr Wong.

Still, despite the gloom in the high-rise residential sector, the industrial and commercial property sector is still doing well in Iskandar, said Mr Wee Soon Chit, executive director of Landserve in Johor.

About two weeks ago, all 52 semi-detached and detached factory units in Phase 1 of the iBP@Nusajaya in the Southern Industrial and Logistics Clusters (SiLC) were sold on launch day - from RM3 million per unit on average. A week earlier, developer AME had sold all 52 three- and four-storey shop offices in Nusajaya Square 2, also in SiLC, from RM1.4 million per unit.

Said Mr Wee: "The perception that the property market has softened in Iskandar is mainly influenced by the performance of the high-rise residential sector, which is rather misleading as other sectors are still doing well."

- See more at: http://www.straitstimes.com/news/business/...h.aeqMyS7u.dpuf

7 new malls to be built in Klang Valley this year

Babizz — Mon, 27 Oct 2014 12:06:56 +0800

Since the retail sector is an area of interest and opportunity for both investors and shoppers alike, I would like to see your comments on the malls listed primarily their potential & opportunities around them.

List of Malls in 2014: The Strand, D’Pulze, Nu Sentral, Main Place, Jaya Shopping Centre, Quill City Mall , Sunway Pyramid Phase 3, M Square, The Atria, Sunway Velocity Lifestyle Mall, Sunway Putra Mall and CapSquare Mall (refurbishment). IOI City Mall is expected to come in next year.

Correction for the author to note: Sunway Pyramid Phase 3, Sunway Velocity and Capsquare won't be ready until 2015 while IOI City Mall will be opening its doors in 1 month (2014).

PETALING JAYA: The Klang Valley will see the entry of new shopping malls this year while others will go through a makeover that will add more space to the the retail property segment.

Property consultant CH Williams Talhar & Wong Sdn Bhd managing director Foo Gee Jen, in a report, noted that this segment of the market could expect steady growth, as seven new malls and five refurbishments, with a total estimated net lettable area of five million sq ft, were completed by this year in the Klang Valley.

“Should these malls be completed as scheduled, the total cumulative supply as of 2014 will register at about 49 million sq ft of net lettable area.

“As most of the malls have pre-leased their retail space, it is envisaged that the overall retail sector will continue to remain strong in terms of occupancy and take-up, whilst rental levels are expected to remain the same,” he said.

Foo pointed out that consumer spending in the country remained strong.

“Shopping is a past-time for Malaysians,” he said. Citing a survey, Foo claimed that at least 20% of the urban population in Malaysia spent their weekends in shopping malls.

“Going forward, I think people may be a bit more cautious, in light of the rising cost of living. However, demand for essential goods will continue to remain steady,” he said.

The air of caution over private consumption stems from expectations that consumers may start to feel the squeeze as subsidy rationalisation, electricity tariff hikes and a rise in property taxes kick in.

However, Foo remained confident of consumer spending based on the Visit Malaysia Year (VMY) 2014 campaign, back-to-school period, New Year sale and the Chinese New Year season, with retail sales to grow moderately in the current quarter compared with the fourth quarter ended Dec 31 despite the rising cost of living.

The retail property sector is still expected to see steady growth in 2014 despite the supply of new malls into the market and the rising cost of living, which is unlikely to deter consumer spending.

According to him, the malls coming onstream this year include The Strand, D’Pulze, Nu Sentral (formerly known as Lot G, KL Sentral), Main Place (formerly Taipan Square/Newgate 21), Jaya Shopping Centre, Quill City Mall (formerly Vision City), Sunway Pyramid Phase 3, M Square, The Atria, Sunway Velocity Lifestyle Mall, Sunway Putra Mall (formerly known as The Mall) and CapSquare Mall (refurbishment). IOI City Mall is expected to come in next year.

Artist impression of linkage betweenNu Sentral and Kl Sentral monorail station

RHB Research expected consumer spending to continue to grow due to high savings, low unemployment and higher tourist arrivals in conjunction with VMY 2014, albeit at a moderate 6% pace in 2014, after the relatively strong 7.2% expansion projected for 2013.

“We expect to see consumers spend prudently, as they keep consumption within their budgets amid high household debt and the 14.9% increase in power tariff effective Jan 1.”

Alliance Researchchief economist Manokaran Mottain expected a rise in inflation in the first quarter of the year due to the increase in spending during the Chinese New Year period.

“During the festive season, there is often more demand than supply and inflation will spike,” he said, adding that the full impact of the VMY 2014 campaign would only be felt towards the middle of the year.

“This is because most tourists tend to come during the summer period, which is from the middle of the year onwards.”

Malaysian Association for Shopping and Highrise Complex Management past president Richard Chan said there was still good demand for shopping mall space, adding that rental rates were “not going down”.

“Shopping malls in city centres especially are charging three-figure-per-sq-ft rental rates. Why? Because the demand is there! But the important question is whether the supply is meeting the right demand.

“For the mall managers, if you’ve done your research, then it should be no problem. But some developers don’t do this and the whole thing fails! Today, managing a mall is not just about managing property - it’s about managing a business.”

Chan added that consumers are likely to be a bit more frugal with their spending habits due to the rising cost of living.

“People might scale back on big-ticket items such as cars and property. But even then, some apartments are still selling well. Why? Because people still need them.”

Source: http://www.thestar.com.my/Business/Busines...lley/?style=biz