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W
ITH
the current
outlook on how the
Malaysian ringgit is
performing in the
money market, many are holding
on and taking on the “wait-and-see”
approach, especially where
purchase of property is concerned.
However, a percentage of astute
business persons who have
conserved are said to be taking
advantage of these “down times”
and “low periods”, negotiating for
some of the best deals in property.
For those waiting for the right
time to buy or invest, any time is
just as a good time to purchase,
provided you have “holding
power”. This Dec 5, while reports
announce of anMoU to be signed
between Singapore andMalaysia’s
prime ministers on the much
anticipated Kuala Lumpur -
Singapore High Speed Rail (HSR)
project, we consider the impact
it will have on property along
its route.
While last week we examined
the project and its pros and
cons, this week we highlight the
towns and areas the HSR project
will most likely run through,
along with its proposed transit
stops and stations expected to
impact real estate in the area
and its surroundings.
Below are a couple of areas and
residential development projects to
keep an eye out for.
1) BANDAR MALAYSIA
For those who did not know,
Bandar Malaysia is located some
3km away from the Tun Razak
Exchange (TRX). It spans 486 acres
and will offer a township and well-
connected city with high
sustainability ratings established on
a green development foundation
that offers affordable urban housing
and a quality family lifestyle. The
world-class development will
include residential spaces equipped
with child-friendly facilities in a
safe and secured environment.
According to the residential
blueprint, residential spaces will
include an ideal mix of luxury city
homes, SOHOs, affordable housing
and more. The development will
accommodate the Kuala Lumpur -
Singapore High Speed Rail project,
which is reported to run through
the area, linked by twoMRT
stations, at Bandar Malaysia North
and Bandar Malaysia South.
2) EATON RESIDENCES
A residential project offering 632
units of luxury condominiums,
spread out across a 52-storey
handsome building standing tall
along KL’s Embassy Row close to
Bukit Bintang. According to
reports, the development project
will to be linked
to the MRT line
that leads to
Bandar Malaysia.
The development
project will be
handled by GSH
Properties (Malaysia)
Pte Ltd, a company
under GSH Properties
Pte Ltd which is fully
owned by Singapore-
based GSHCorporation
Limited. Other
Malaysian property
development projects
handled by GSH include
Coral Bay
@
Sutera and
The Point
@
Sutera, both
in Kota Kinabalu. The
company has a wide
range of other projects
and businesses around
Asia and beyond.
3) DEVELOPMENTS
AROUND
PRECINCTS 12,
14 AND 15 IN
PUTRAJAYA
One to keep an eye out
for is S P Setia’s
Dwiputra Park Homes
in Precinct 15 offering a
mixed development
project that include
freehold condominiums
and a variety of landed residential
types, facilitated with a sub-
commercial centre. The essence of
this development project is its two
themes featuring “an intelligent
city” and “a city in a garden”.
Within this enclave in the
upcoming launch of Setia Seraya
Residences, said to be a fashionable
address piqued with comfort,
convenience and luxurious style.
To keep in view are Pine Valley and
Augusta by Putrajaya Holdings
among others.
4) LABU, NEGRI SEMBILAN
Other than the PR1MA project
on-going in Labu located within
the Seremban district, there is
Sime Darby’s Bandar
Ainsdale which has
various residential
and commercial
property types to offer.
Located some 18 minutes
to Labu is Bandar Sri
Sendayan. The developer
Matrix Concepts Holdings
Berhad (MCHB) is
reported to have
purchased land in Labu
itself, for upcoming
development. Known as
“The Damansara of
Seremban”, Bandar Sri
Sendayan comprises a
freehold mixed
development township
that is far from the sleepy
town it once was.
>Developments and areas to keep an eye on
On track
5)
SUNGAI
BESI AREA IN
KUALA LUMPUR
Ivory Properties Group,
known for its projects in Penang
and the northern sector, has
purchased land to develop its first
project inKL offering office and loft
suites, plus serviced apartments. It
was reported to have signed a joint
venture agreement with LLK
Properties, reported to beworking
on a project offering high rise
serviced apartments and office
suites. Berjaya Properties also has
shoplots and condominiums to offer
in its 1 Petaling Residences&
Commerz
@
Sg Besi development.
Location near Bandar Tasik Selatan
is said to be excellent, connecting to
theAmpang LRT line and theKLIA
Transit. ASMDevelopment under
MajuHoldings Sdn Bhd is also
working on its 29-storey residential
tower that will link to both the
MRTandKTMtrain lines. The
project will offer two-floor loft
living concept units under a lease
and purchase scheme at a tag
estimated aroundRM590,000 per
residential unit.
6) AIR KEROH, MALACCA
With a landbank of above 541ha in
Ayer Keroh, IOI Properties Group
Berhad is reported to be a potential
beneficiary, getting a boost from
both theKlangValleyMass Rapid
Transit (KVMRT) and theHSR,
especially since one of theHSR
transit points is reported to be
stationed at Ayer Keroh.
7) PAGOH INMUAR, JOHOR
Located off the Pagoh interchange
on theNorth-South Expressway in
Muar, Johor, the 4,082-acre Bandar
Universiti Pagohmasterplan
includes a 500-acre higher education
hub comprising four reputable
public institutionswhich are
campus-equippedwith shared
facilities. Apurpose-built student
village thrivingwith retail and
leisure facilitieswithinwalking
distance to the universities – the
townshipwill soon be launching its
residential and industrial properties.
With aHSR station inMuar, some
15minutes away from this education
hub, studentswill benefit from
this convenience.
8) BATU PAHAT, JOHOR
Apparently Batu Pahat residents are
looking forward to the connectivity
and convenience that will comewith
the establishment of theHSR station
in this town. This is especially so for
Johoreans living here andworking in
Kuala Lumpur - Singapore High Speed Rail
PART2
Sime Darby’s Bandar Ainsdale.
PHOTO: WWW.EATONRESIDENCES.COM.MY
PHOTO: WWW.SIMEDARBY.COM
PHOTO: WWW.LTA.GOV.SG
Eaton Residences.
S P Setia’s Dwiputra Park Homes.
PHOTO: WWW.DWIPUTRA.COM.MY
CONTINUEDON
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NOVEMBER 25, 2016