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Posh: The semi-detached houses by BSG Property in Tanjung Bungah.

BOON Siew Group Property’s (BSG) NineTen project comprising 40 semi-detached houses located in Tanjung Bungah will be completed by July.

The project, which is part of the upcoming 48.5ha Permai Village township, will have the Tunku Abdul Rahman College (TARC) and Tenby International School (scheduled for completion in August) as “neighbours”.

BSG property business development manager Koay Wei Loong said the units, aimed at the middle and upper middle class, have been bought by locals and foreigners mainly from Europe, Hong Kong and Singapore.

“We made sure that everything is of the highest quality, because these buyers are usually very choosy. Most of our buyers are also repeat customers.

“Besides buying for occupancy or as a holiday home, the customers will sometimes buy it for investment,” he said after holding a private preview for selected guests recently.

BSG property executive director Alfred Chew said that the units priced from RM2.4mil to RM5.8 mil are almost completed.


Luxurious: Houses in NineTen project come complete with swimming pool.

“We have sold 60% of the NineTen project. Landed property in Penang is in demand because of land scarcity on the island. These days, we see that buildings in Penang are moving upwards,” Chew said.

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Bungalow project to launch this month with only 21 units left

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Spacious: The front of a Type A bungalow.

A DOUBLE-storey bungalow project known as Ukay Seraya in Ukay Heights will be launched this month when the show houses are ready.

Comprising 30 units, the project has obtained the relevant approvals and sits on freehold flatland.

The lot sizes average about 9,200 sq ft and the project is located less than 10 minutes from KLCC.

This bungalow development with perimeter security fencing comes in four designs with built up area ranging from 5,813 sq ft to 7,336 sq ft.

Type A has the biggest built up area of 7,336 sq ft. It has a covered car porch that can accommodate five to seven cars. The master bedroom suite is 1,056 sq ft in size and demarcated into a sitting area, bed area, walk-in-wardrobe and a bathroom.

The layout of the master bedroom also provides a working area.

Type A has eight rooms, seven baths and a powder room, two living areas, a dining area, dry and wet kitchens, three store rooms and an external garden toilet.

Type B generally has bigger land area ranging from 9,300 sq ft to 12,215 sq ft per lot. It has seven rooms, seven baths, a powder room, three store rooms and a garden toilet.

The project is developed by Long Island Properties Sdn Bhd, a member of the Long Island Group (LIG). The Long Island Group is a developer who has forayed in Australia, China and Malaysia.

“In the Ukay Seraya project, we have installed concealed piping and wiring for all essential items including air-cond ducting, phone and TV cables to all rooms, security alarm cabling to all windows and external doors and CCTV cabling. This will eliminate the need to hack the walls later. As a standard feature, we also install external sensor detector lights and solar heater delivering hot and cold water to all baths and the kitchen,” said LIG head Cheah Min Loong.

Another unique feature is the pre-approved swimming pool for Type A and Type B.

This meant that the purchaser has the option to build a private swimming pool immediately without having to seek the authorities’ approval.

The large land sizes allow the construction of pools up to 60 ft long. The swimming pool is an optional item.

Out of the 30 units of bungalow in the Ukay Seraya development, 18 units are Type A, six units are Type B and three units each for Type C and D.

The pre-launch sale prices range from RM3,601,000 to RM4,798,000 depending on the type and land size.

“The pre-launch prices were formulated more than one year ago. The sales price will be increased by about 8% after launching to defray a portion of the escalating material and labour costs which are beyond our control,” said Cheah.

Nine units have been snapped up so far.

“We believe the other units will be taken up in a short time due to factors of address, easy access, safe flatland, freehold and functional designs, attractive prices if you compare apple to apple with other similar developments in the vicinity,” he said.

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Freehold serviced apartments in the middle of the city

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Green living: The sitting room in the studio showhouse unit of VUE Residences Serviced Suites.

If you are looking for an abode that offers chic lifestyle amid tall skyscrapers, then look no further than the VUE Residences Serviced Suites located along Jalan Pahang, Kuala Lumpur.

Developed by Prinsiptek Corporation Berhad (PCB), the freehold project comprises 23-storey with a roof garden/sky garden on the 24th floor. The first to seventh floors are multi-level carparks where residents are entitled to a parking bay per unit. There are 340 car park bays.

PCB group managing director Datuk Foo Chu Jong said the project is surrounded by various prominent landmarks like the Suria KLCC, Pavilion Shopping Centre, Titiwangsa Lake Garden, KPJ Tawakal Specialist Centre, Prince Court Medical centre, Istanan Budaya, and the National Art Gallery and it just five minutes away from the Chow Kit monorail station and Titiwangsa LRT station.

With 72 units, every floor has a combination of four models ranging from 500 sqft studio units to the bigger two-roomed units and the 1003 sqft three-roomed units.

“There is an indoor lap pool, gymnasium and a 24-hour security to give residents a peace of mind” added Foo.

Prices range from RM370,000 to RM772,000 and the project is expected to be completed by Dec 2013.

PCB’s other notable projects are The Prince in Bangkok, Section 8 Bandar Baru Bangi, Serdang Perdana Sky Villas, Ampang Prima Condominium and Section 7 Shah Alam.

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Naza TTDI takes modern living to greater heights at TTDI Alam Impian

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Latest township by NAZA TTDI - VIOLA.

Following the successful launch of TTDI Alam Impian’s SPIRA, the township’s first phase of residential development which completely sold out in only three days, NAZA TTDI is now geared to further raise the benchmark of modern living with the unveiling of VIOLA.

The launch of VIOLA marks the developer’s second residential development phase for its Alam Impian township that promises to offer home owners a unique urban living experience that’s ideal for the modern family. Setting itself apart from conventional townships, this new precinct will bear four different elegant contemporary home layouts encircling pockets of parks to provide residents with wholesome and vibrant community living.

In conjunction with the unveiling of TTDI Alam Impian’s Viola held recently, close to 200 property enthusiasts attended the event where almost 95% of NAZA TTDI’s VIOLA homes have been booked by eager home buyers, all in just one day.

Offering several designs and layout plans, the VIOLA homes have spacious built up areas ranging from 1,952sq ft to 3,116sq ft. Located strategically in Shah Alam, these VIOLA homes are also easily accessible via several highways such as, NKVE, KESAS, ELITE as well as the newly completed LKSA highway.

According to group managing director SM Faliq SM Nasimuddin, “Tremendous amount of thought and research have gone into the planning and design of these homes to complement the whole concept of TTDI Alam Impian. Our aim as a passionate and innovative developer is to create a sanctuary for home owners that offers the convenience of contemporary living with the warmth and familiarity of a traditional neighbourhood. We are certain that with VIOLA, we are one step closer to reaching our aim of making TTDI Alam Impian the township of choice for growing modern families in and around Shah Alam.”

Faliq further adds that he is encouraged by the overwhelming response received during the launch and several NAZA TTDI launches that came before it. “It is a testament to the strength of our brand and of the products we put forward. We are always looking for ways and means to better ourselves.

This is reflected in what we offer to our purchasers. Customer satisfaction is what we stress upon in this organisation. In any development we embark upon, we also take into consideration what can be benefitted by the community there and the surrounding areas. I promise that NAZA TTDI is a developer that delivers quality and value, each and every time. What I can say is look out for our upcoming launches!”

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Firm buys 14.1ha due to overwhelming response

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Vast: Teh showing a model of the Garden Residence project.

Following the overwhelming response towards the freehold Garden Residence (GR) in Cyberjaya, Mah Sing Properties Sdn Bhd (MSPSB) has acquired another 14.1ha of prime freehold land adjacent to the GR township for the Clover@Cyberjaya project.

The Clover@Cyberjaya will be an extension to the 46.5ha Garden Residence and will have the same concept with gated and guarded living environment.

MSPSB chief operating officer Teh Heng Chong said the intention was to create an exclusive enclave on this new land.

“This is the company’s future development which will be launched sometime next year. Registration is now open for the Clover properties which are two- and three-storey semi-detached homes, said Teh.

He said the Garden Residence, which the company was focusing on now, comprised medium- to high-end residential homes of two and three-storey Super-link, semi-detached and three-storey bungalows within four precincts. They were conceptualised as a self-sustaining residential development.

To create a resort lifestyle environment, each precinct will have its own perimeter fencing and guard house to ensure an exclusive living environment and better security.

There are a total of 676 units in all four precincts combined. However the 69 units of the three-and-half-storey Blossom garden bungalow in Precinct 4 or known as the Blossom Precinct, is the most exclusive edition of the Garden Residence.

Priced at RM3.2 million, these premier luxury bungalows boasts a designer central park, a rooftop garden with jacuzzi, 9+1 bedrooms/nine bathrooms, private lift and a dedicated entertainment floor all within a spacious built-up of approximately 7,796 sq ft.

“Once completed, the residents of Garden Residence will have access to The Promenade, an integrated community clubhouse and retail amenities. It is a self-contained township so to speak, with lush landscape surrounding the entire development,’’ added Teh.

He said Mah Sing was conscious to nature thus green features have been cleverly integrated into these homes.

The units in Precinct 1 (Cassia), Precinct 2 (Evergreen) and Precinct 3 (Jacaranda), is currently 85% sold within six months of launch at the sub-sale level before they were completed. The Blossom Precinct is open for registration.

According to Teh, the homes have a potential of appreciating in value due to the demand in residential properties in this part of Kuala Lumpur.

Teh said, the homes come with green building features such as rain harvesting system, solar powered water heaters, surface run-off collection, ample natural lighting in each home with north-south orientation and light colour roof material for better heat and light deflection.

Prices for the resort homes in Precinct 1-3 ranges from RM858,800 to RM2.1 million with a built-up of approximately 2,845 sq ft to 4,514 sq ft.

Garden Residence is located within the Multimedia Super Corridor in Cyberjaya and is well connected to the Maju Expressway, North-South Expressway, Damansara-Puchong Expressway, North-South Central Link, South Klang Valley Expressway and the North Klang Valley Expressway.

“With such an extensive linkages, residents will be able to reach their destinations conveniently. The ERL station is just a stone throwaway and the KL Sentral or KLIA just takes less than 20 minutes,’’ said Teh.

Due to its strategic location, Teh added that apart from Cyberjaya, Garden Residence has the potential to enjoy a large market catchment from Putrajaya, Puchong, Subang Jaya, USJ, Petaling Jaya, Shah Alam, Cheras, Seri Kembangan and Seremban.

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Glenmarie Properties launches high-end bungalows

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Niche development: Aerial view of Glenmarie Gardens

Glenmarie Gardens is an exclusive, low density enclave comprising 70 units of two and two-and-a-half storey bungalows, situated on freehold land in Glenmarie Section U1, which is conveniently accessible from the main highways and main roads serving the vicinity of Glenmarie.

The development is split into two phases, Phase 1, consisting of 14 units, was launched on 26th November 2010, while the Phase 2 of the project will take off in the 1st Quarter of 2011. Construction works for 14 units of Phase 1 will commence in May 2011, and is due to be completed in September 2012.

There are seven distinctive architectural designs in the Glenmarie Gardens project - Amaryllis, Bloomeria, Carlina, Dellania, Encillia, Firmiana and Gazania. The build-up area starts from 5,910sq ft and tops at 8,033sq ft, while the land area starts from 8,364sq ft and stretches up to 14,693sq ft. These homes are tagged from RM5,262,277 to RM8,156,888.


Exclusive and luxurious: Glenmarie Gardens is a low density enclave with unique designs

Glenmarie Properties takes pride in its property development’s involvement, covering residential development, commercial development and also the hospitality segment. Completed projects under Glenmarie Properties’ residential projects’ portfolio include Glenmarie Court, Glenhill Saujana, Glenmarie Residences and Glenpark, all within Glenmarie and Shah Alam vicinity. The commercial development’s completed projects include the Accentra Glenmarie and Glenmarie Industrial Park.

At a glimpse in the year 2010, several lifestyle projects have been planned and in May 2010, 48 units of townhouses were launched at Mutiara Tropicana. Glenmarie Properties recently launched 17 commercial units of Glenpark at Seksyen U1, Shah Alam in October 2010. The Glenpark shoplots’ project under Horsedale Develeopment Berhad, is built on a 0.62 acre land next to the Glenpark residential area and is due for completion in October, 2013.

On a different note, Glenmarie Properties’ involvement in the hospitality segment include the Holiday Inn KL Glenmarie in Shah Alam, set amidst a 350-acre of tropical greenery, overlooking two 18 hole world class golf courses of the Glenmarie Golf & Country Club. In the northern region, lay Rebak Island Resort in Pulau Langkawi, a 5-star accommodation with pristine and secluded beaches. Situated on the East Coast in Terengganu, is Lake Kenyir Resort & Spa, featuring a world-class resort fringing the country’s biggest lake, surrounded by the beautifully preserved tropical rainforest.

Contact 1800-88-8580 or email raja.azahatuluyun@glenmarieproperties.com for more information or a private presentation on Glenmarie Gardens.

By The Star

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GuocoLand Malaysia launches new phase of semi-detached homes

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Overwhelming response: Amberley 2 semi-detached parkhomes

The Emerald West neighbourhood promises to add a new dimension in the fast growing and established Rawang with this weekend’s launch of Amberley 2 semi-detached parkhomes.

Amberley 2, developed by GuocoLand Malaysia, the property arm of the Hong Leong Group, offers an enticing proposition to home owners wishing to enhance their lifestyles and upgrade from their existing link houses.

The new phase of 40’ x 80’ two-storey semi-D parkhomes comes barely a month after the overwhelming response of its first phase launch in October with a take-up rate of 80 per cent within two weeks of its unveiling.

GuocoLand Malaysia will launch the new parkhomes at the Amberley 2 Fiesta at the Emerald Sales Gallery on Nov 27-28 (8am to 10pm). Exciting activities planned for the weekend include hot air balloon rides, fireworks display, and a live concert by local recording artistes.

“Amberley 2 reaffirms GuocoLand Malaysia’s going forward efforts to introducing homes that exceed customers’ expectations and making the well-planned Emerald a township of choice,” said GuocoLand (Malaysia) Bhd Managing Director Yeow Wai Siaw.

“We have more exciting projects in the pipeline and we will leverage on GuocoLand Malaysia’s excellent track record and our reputation in the marketplace to enhance the appeal of Emerald.”


Amberley 2 offers high ceilings and generous window openings for better ventilation and abundant light.

Yeow said many homeowners and investors had benefited from the maturity and popularity of the Emerald neighbourhood, adding its properties, including the April launched and sold out Ebony link homes had appreciated by over 20 per cent this year.

The freehold 1,000-acre site, he added, is a fast growing self-contained township with an approved Chinese school currently under construction and a planned hypermarket.

Priced from RM618,800, the thoughtfully-designed Amberley 2 offers three variants with four bedrooms (en-suite bathrooms for all first floor rooms), open courtyard, high ceilings and generous window openings for better ventilation and abundant light, separate laundry area and covered yard.

The Fiesta will offer exclusive deals, including attractive home financing schemes and rebates for confirmed bookings during the weekend.

Emerald West is part of the Emerald township, a joint-venture project between GuocoLand Malaysia and Hong Bee Land Sdn Bhd, with the former as project manager. Over 1,400 houses, including linked and cluster homes, semi-detached and premium bungalows have been completed and handed over since the township was launched in 2001.

Apart from excellent infrastructure, the township enjoys good accessibility to Kuala Lumpur and surrounding areas via the North-South Highway, New Klang Valley Expressway and the Guthrie Corridor Expressway.

Emerald is located within easy reach from Rawang town and its commercial hub, just 20 minutes drive from the Jalan Duta toll. As an established town, Rawang has all the essential amenities including banks, post-office, restaurants, hypermarkets, fresh produce market and a KTM Komuter station.

By The Star

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SP Setia to launch four residential projects worth RM546mil

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The Show Village of Setia Pearl Island

GEORGE TOWN: SP Setia Bhd plans to launch four new residential projects with an estimated gross sales value RM546mil on the island beginning this December and next year.

SP Setia property (North) general manager S. Rajoo told StarBiz that the projects comprised the RM175mil Setia Greens, RM60.5mil Brook Residences, RM170mil Setia V Residences, and the RM139mil Pearl Villas in the Setia Pearl Island scheme.

Setia Greens, comprising 149 three-storey terraces and 18 semi-detached houses with dual frontage in Sungai Ara, would be launched in December.

“The selling price starts from RM918,000 onwards for terraced units with built-up areas ranging from 2,400sq ft and 3,200sq ft.

“The selling price for the semi-detached units, with built-up areas of around 3,300sq ft, is around RM1.6mil onwards,” he said.

Subsequently the group would launch Brook Residences in February 2011 and the Pearl Villas in April, and Setia V Residences in the second half of next year, Rajoo said.

“The Brook Residences in Brook Road, a prime residential area near Jesselton Road, comprises 11 luxurious bungalows priced from RM5.8mil onwards, while the Pearl Villas comprise 35 bungalows priced from RM2.8mil onwards.

“The Setia V Residences project in Kelawei near Gurney Drive, comprising 67 luxurious condominiums, tentatively priced from RM2.8mil onwards,” he said.

Rajoo said Setia Greens would be the northern region’s first Green Building Index-rated project.

“What makes the project unique are the environmental features such as solar water heater, rain-water harvesting system, water efficient fittings, and cool roof system for each unit.

“We are using a special low-volatile organic compound paint for the project,” he said.

Rajoo said these new projects were targeted at the executives working in the south-west district of the island as well as investors.

For the nine months of SP Setia’s fiscal year ended July 31, 2010, the group’s projects from Penang contributed close to RM150mil or about 10% of the RM1.95bil revenue posted for the nine month period.

“We are confident that the contribution from Penang this fiscal year closing Oct 31, 2010 will hit over 10% of the targeted RM2bil revenue of the group.

“Setia Vista, Reflections condominium, and the new semi-detached launches in Setia Pearl Island contributed significantly from Penang,” he said.

Rajoo said Penang would continue to play an important revenue generating role in the group’s property development business.

“We will continue to look for land in prime locations either to develop on our own or on a joint-venture basis,” he added.

Meanwhile, Henry Butcher (Malaysia) Penang director Dr Teoh Poh Huat said high-end properties were still sustainable in Penang, as there were now overseas Malaysians investing in the island’s property market.

“These are overseas Malaysians earning pounds and US dollars, who are buying high-end properties with the view to come home to stay one day.

“This segment is playing an increasingly important role in the Penang high-end property market developed by branded developers,” he said.

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Country View banking on location for Nusa Sentral

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Andrew Tan ... ‘We are looking at Malaysians working in Singapore using the second link as our main customers as the project is located just minutes away from Singapore via Tuas.’

NUSAJAYA: Country View Bhd is banking on strategic location as the main selling point of its latest property project Nusa Sentral.

Marketing manager Andrew Tan said potential buyers would be attracted to its location within the development of Nusajaya in Iskandar Malaysia.

“Nusajaya is the key element in Iskandar. Many developers started projects within the development zone years ahead before Iskandar was launched,” he told StarBiz at the launch of the project on Sunday.

Phase one of Nusa Sentral comprises of 312 units of five-room double-storey link houses with built-up areas ranging between 2,100 and 2,300 sq ft. The units would be priced between RM338,000 and RM380,000.

Tan said the gross development value of phase one was RM117mil and the project, which sits on a 121.40ha site along Jalan Gelang Patah-Lima Kedai, would keep the company busy for eight years.

Iskandar, the country’s first economic growth corridor covering 2,217 sq km in the southernmost part of Johor, was launched on Nov 4, 2006.

Nusajaya, which spans 9,600ha, is one of the five flagship development zones in Iskandar. The other four are the Johor Baru City Centre, Eastern Gate Development, Western Gate Development and Senai-Kulai.

Tan said Nusajaya was progressing well with two major projects – Kota Iskandar and Puteri Harbour Waterfront Development – already completed.

Other projects slated for completion here include the Newcastle University Medical Campus, Marlborough College, Netherlands Maritime Institute of Technology and Legoland Theme Park.

Tan said accessibility to the area would improve when the RM1.3bil New Coastal Highway linking Nusajaya and Johor Baru city centre was completed by the end of 2011.

“We are looking at Malaysians working in Singapore using the second link as our main customers as the project is located just minutes away from Singapore via Tuas,” he said.

He said apart from Malaysians working in Singapore, the company would target home buyers looking to upgrade from nearby areas such as Gelang Patah, Ulu Choh, Pontian, Pekan Nenas and Skudai.

He said the company would also bank on its pricing strategy as the on-going development projects within a 10km radius from Nusa Sentral were targeted at different market segments.

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Exco Village bungalows for rent

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STUMPED for business ideas to maximise the revenue-making potential of the Exco Village in Section 7, Shah Alam, the Selangor government has begun renting out the 10 bungalows for a paltry RM170 each, per day.

State housing, building management and squatters committee chairman Iskandar Abdul Samad said the revenue earned from the rental would be channelled to the state government.

“We have succeeded in cutting the maintenance of the complex from RM170,000 per month to RM70,000,” he said.

Opposition chief Datuk Seri Dr Mohamad Khir Toyo lambasted the Pakatan government for not being able to keep their promise to unlock the business potential of the bungalows.

“First they attacked the project and called it a waste. Then they promised the people that it would sell the complex and the money would be used for community-based projects.

“Later in June 2008, state executive councillor Ronnie Liu suggested it be turned into a medical centre while Sekinchan assemblyman Ng Suee Lim called for it to be part of a tour package.

“After 18 months have gone by, we now find each of the six-room bungalows is being rented out at only RM170 per day,” he said.

“It is a resort setting that offers expensive and comfortable facilities and it cannot be rented at such low fee. This is shameful,” he added.

Even Ng feels that RM170 is too low a rental for the bungalow, and plans to table the issue at the coming state assembly sitting.

All bedrooms and the living room are air-conditioned. There is hot shower in each bathroom and guests also have acccess to an outdoor swimming pool with jacuzzi.

Iskandar said the rental sum for each bungalow per day was agreed to by the state and which was based on De Palma Hotel’s rate for a standard room.

We decided to rent the bungalows out and sought the help of De Palma Hotels, a subsidiary of Selangor State Development Corporation, to conduct a study.

“At first the state wanted to appoint De Palma to manage the bungalows but after some consideration, we decided that the State Management Services could do it,” he said.

He said the whole complex was now called Selangor Government’s Rest House.

“We will change the board at the entrance soon.

“Six of the 10 bungalows are surrounded by lush greenery and used for training, meetings and government courses as well as to house state guests.

“Most of the time we have courses for local leaders including village heads, officers in the Mentri Besar’s office and for spiritual, physical, intellectual, emotional and social programmes at the rest house,” he added.

Iskandar said four bungalows had been allocated to the state legal adviser, state financial officer, state information director and the Petaling District Council president.

The Exco Village was built at a cost of RM21mil. However, since the Pakatan Rakyat government wrested power from Barisan Nasional in the March 2008 general election, it has been unable to unlock the village’s business potential.

Voices on the ground had begun to rumble over the bungalows and the decision to set such low rent for the luxurious bungalows.

Dr Khir said even if all six bungalows were rented out for a year it would earn about RM370,000 and there would be no profit as the revenue would go to paying for maintenance, management fees as well as the wages of gardeners and security guards.

“It would be better for the state executive councillors to move into the bungalows as that would save the ratepayers’ money,” he said.

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New projects to further boost land value in Damansara Heights

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A street view of Seventy Damansara – one of the new projects in Damansara Heights.

Located up in the hills amidst quiet surroundings and just minutes away from the Kuala Lumpur city centre, Damansara Heights is easily one of the most exclusive neighbourhoods in the Klang Valley.

It helps too that there is not a lot of vacant land up for sale there, making for a very much sought after address for property investors seeking good resale value.

“The scarcity of land within the Damansara area definitely adds to the appeal of Damansara Heights. There is a lot of supply there but its mostly within the secondary market,” Landspecs principal Chan Khay Eng tells StarBizWeek.

In Chan’s opinion, land being limited in supply does appreciate over a length of time in value, but adds that this applies to all landed properties everywhere.

“However, new landed developments tend to have a significant influence on existing property prices,” he says. Chan says sellers of landed properties in Damansara Heights often compare prices of their properties to newer gated developments such as those in Sri Hartamas, Desa ParkCity and Damansara Utama.

“This tends to be unrealistic as the types of properties are different in the various locations. However, because of limited supply of landed properties in Damansara Heights, sellers are holding on to their asking prices.” Chan says property owners in Damansara Heights would never sell unless it is absolutely necessary. “The reason people sell is because they’re moving overseas or have received a good offer.”

According to him, the transacted prices for bungalow lots are averaging between RM300 per sq ft to RM380 per sq ft. For newer areas such as Setiabakti and Murni, prices average between RM600 per sq ft to RM630per sq ft.

For detached and terrace houses, transacted prices start from RM400 per sq ft while semi-detached homes start from about RM500 per sq ft. Chan says the prices of the homes however depended on various factors, such as location, condition and quality of building.

On iproperty.com, Damansara Heights is described as a panoramic township that caters to the high-end demands of Malaysians and expatriates of all walks of life.

“With its first class facilities, restaurants serving international cuisines and a trendy nightlife, Damansara Heights is considered a prime location due to its easy accessibility from the city centre and Petaling Jaya.

“From Bangsar, Jalan Maarof smoothly connects to Jalan Damansara, while Jalan Duta and Jalan Semantan provide excellent accessibility to Damansara Heights for those coming from the North-South Highway,” the website says.

Given its exclusivity and prime location, land value in Damansara Heights has been on a steady incline in the past two years, says Zerin Properties chief executive officer Previndran Singhe.

“Land values on average (in Damansara Heights) are about RM450 to RM700 per sq ft. Prices have appreciated since early this year by a good 5% to 10%. Since 2008, prices have increased 15% to 30%. Prices are definitely higher than Bangsar for detached homes and semi detached units, but terrace homes in Bangsar are more pricey than those in Bukit Damansara and Medan Damansara. For condominiums, Damansara Twins is the newest and is higher than Mont’ Kiara and in tandem with KLCC and Bangsar high-end condominiums,” he says.

Over the years, there has been talk that some areas within Damansara Heights have started looking a little run-down.

Says Previn: “Like any old neighbourhood, there will be some run down homes but in Damansara Heights, rejuvenation of these homes happen very fast.”

Despite the scarcity of land in Damansara Heights, new projects would help to rejuvenate the area.

One of them is Panareno Sdn Bhd’s Twins @ Damansara Heights.

Other projects which have helped to add interest in the area are newer developments like Seventy Damansara and Idamansara, both by the Eastern & Oriental Bhd group and Anggun, a project by L & H Property Development Sdn Bhd.

Twins @ Damansara Heights is a condominium development that starts from RM675,000 and Anggun consists of bungalow homes that range from RM6.5mil to RM9.5mil.

Previn says new projects in the pipeline would have short-term impact and in the long-term, could lead to an increase in traffic flow.

“But with the proposed LRT extension and new roads, I think the impact will be positive.”

Steven, a real estate agent from Rina Property, says prices of residential homes within the Damansara Heights area had appreciated between 10% and 20% in the past two years.

“Given that it’s prime location, I expect prices to continue escalating. I just don’t see it going down.”

By The Star

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