Malaysia Real Estate

[karr]

Hi All,

What do you guys think of this development from an investor's point of view?

Will there be potential for capital appreciation? How about rental yield?

FYI, its freehold, by Tan & Tan, and the latest launch is priced from RM268k for 1,325 sq ft.

All positive and negative comments are welcome.

Thanks.

[whynmy]

why dun u make a short comparison with existing projects like..hmm...kampung warisan by E&O Prop before making up your own decision. Afterall. the yeardstick is there..

[tiara]

Just came across this property on the net. It looks good and the price is also very attractive. Is the property already completed ? Also what is the traffic like in that area?

[keithcky]

phase 1 is going to VP this month, phase 2 june/july and phase 3 2007...if you're interested in seri maya property can email me at keithcky9@yahoo.com

[george]

I actually bought a unit there. What I like is the unit layout. Quite unique, I must say.

The rental yield, was told to be around RM1500.

Good selling point will be th LRT as it is right infront of the condo. It will be my means of transportation to work soon...

Moreover, most of Tan & Tan previous development are upmarket condos. So, their workmanship is kinda guaranteed la.

Those new ones in PJ can't match the price, yet.

[keithcky]

[revgen2002]

hi guys, i was also considering getting a unit here, although i am pretty worried about the traffic... i took a ride in the area, and there were quite a number of problems, eg small roads leading to the elevated highway, many one-way roads where you'll need to make a u-turn... i asked the sales-lady and she says not much can be done about that...

i'm just thinking how traffic will be once the hundreds (thousands?) of tenants move in...

btw, i hear the first phase is ready and people will be moving in soon, perhaps i may get one of these units instead of waiting for a couple more years...

[george]

Hi,

I think the traffic is the same everywhere.

At least, Seri Maya is situated just infront of the LRT station.

But I hope my future employment won't be in PJ, or else....

keithcky, I bought the a unit in Havanna block. I agree with you too, I think it is still cheaper than a lot of other projects of this size.

[keithcky]

[keithcky]

[dankch]

I received the Seri Maya (Phase 1, Jelatek) vacant pocession today on 25th March 2005. Well, this is my first "home". I bought this apartment simply because of the well known and trusted developer (TAN& TAN). The only thing I am worrying now would be the traffic condition at that location. It seems to be always "JAM" during the morning peak and also a CRAWL back during evening. Have anyone heard news if there will be any flyover to ease out the mess? BTW I am looking forward to stay at the place. Quite though during nite time (as for now)

[wlau]

Does any one of you know the market price for a
Jeletek unit which is 15th floor above and facing KLCC?

thanks

[keithcky]

[keithcky]

[revgen2002]

keithcky, could you give us the rough estimates of what price the units were when they were first launched? (am referring to jelatek and lanai)... seems like currently the sellers are asking for close to 300K which seems very high

thanks

[keithcky]

[dankch]

I bought mine at Rm210,100.00 . That day a seri maya agent called and tell me that the current value for my unit would be RM320k . I do not know if that is true or not. At level 5 jelatek.

[keithcky]

[dankch]

[dankch]

[wanisan]

i am thinking of selling my unit at kg warisan. any interest?

[majid]

which particular unit is that? whats the specs pls??? how much do u plan to sell it for??? thanks...

[revgen2002]

wanisan - what sort of unit at kg warisan? what price range?

others - how does DUKE (i read it in the papers yesterday) help the traffic situation in jalan jelatek? i'm still uncertain, but it does say the construction of this new highway (Duta-Ulu Klang Expressway-DUKE) will benefit people in Setiawangsa?

[dankch]

I would think it will be located near the tv3 academi . cut across over there. I am not sure where is it located....

Read This...

Proposed RM1.166 Billion KL North-East Expressway Project Signed

KUALA LUMPUR, Aug 12 (Bernama) -- Construction of the proposed RM1.166 billion KL North-East Expressway (KLNEE) spanning 18 kilometres will commence at the end of the year and expected to be completed by 2008, Works Minister Datuk Seri S. Samy Vellu said Thursday.

He said that the privatised expressway was expected to make travelling easier in and out of the city where the population has reached two million, causing daily massive traffic jams.

The privatised intra-urban KLNEE will begin from the North Klang Valley Expressway (NKVE) starting at Jalan Duta and terminate at the Middle Ring Road (MRR) 11 at Ulu Kelang in the east and Batu Caves in the north.

Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi), a partnership between Wira Kristal Sdn Bhd and Malaysian Resources Corporation Bhd (MRCB) Thursday, signed a 34-year concession agreement with the government to undertake the design, construction, operations and maintenance of the proposed KLNEE.

Samy Vellu said that the cost of the expressway includes RM334 million in land acquisition costs and would take about three years to complete.

It will have seven interchanges and four directional ramps. Toll plazas will be set up at Kg Batu, Ayer Panas and Sentul Panas.

The proposed KLNEE was a vital link for the intermediate ring road in the KL road master plan, the minister said after witnessing the signing of the agreement between the concessionaire and the government.

Signing for KLNEE was its managing director, Haris Onn Hussein, while Works Ministry Secretary-General Datuk Ahmad Dhaman Huri Mohamed Ali signed for the government.

Also present was Deputy Works Minister Datuk Ir Mohamed Zin Mohamed and MRCB chairman Datuk Seri Syed Anwar Jamalullail.

The concessionary period for the expressway, designed to a speed of 90 kph, includes four years of construction.

Samy Vellu also said that this link was a vital East-West route for the Northern KL region, allowing traffic to bypass the city centre.

It would also act as a dispersal scheme to disperse city traffic to the suburbs through connections to major radial roads such as Jalan Segambut, Jalan Kuching, Jalan Sentul, Jalan Semarak, Jalan Setiawangsa, Jalan 37/56 and Jalan Kg Bandar Dalam.

Haris Onn said that Kesturi would finance the project through a 11-year bond issue worth RM500 million, a loan facility from Bank Pembangunan for RM200 million and the remainder through equity.

The bond issue would commence at the end of the year while the loan would span 15 years, he said.

He also said that the proposed expressway would feature advanced traffic information and management system (MIS), and be equipped with modern facilities such as variable messaging signs (VMS), central control and monitoring and electronic tolling.

To identify more accurately with the expressway, Haris Onn suggested it be known as DUKE, the acronym for the Duta-Ulu Kelang Expressway, which is the exact route the road would take.

He said that DUKE would be a dual four-lane expressway from the Duta Interchange to the Kuching Interchange, where traffic volume was expected to be high while the remaining stretches would be built to a dual three-carriageway.

Through DUKE, motorists from Sri Damansara, Sg Buloh, Sri Hartamas, Segambut, Sentul, Setiawangsa, Ampang, Ulu Kelang, Gombak, Selayang and Batu Caves would be able to enjoy a free flow ride to and from the city centre.

To minimise land acquisition, a large portion of the DUKE expressway would be built on viaduct or bridge structures, with only 20 per cent of land acquisition to involve private land.

-- BERNAMA

.............Insn't it GOOD NEWS?

[majid]

good news for investors looking into Dutamas area...