WCT Land to launch RM1.2b Kelana Jaya project in June

By Kang Siew Li
May 2 2007
BusinessTimes


PROPERTY developer WCT Land Bhd, which has gained a strong foothold in Klang, will in June this year embark on a RM1.2 billion commercial development project in Kelana Jaya, Petaling Jaya.

The development, which covers 5.02ha of prime leasehold land, will be WCT Land's second development outside its home base of Klang after Kota Kinabalu.

Dubbed "The Paradigm", the development will consist of a shopping centre with 500,000 sq ft of lettable retail space, four grade A office buildings of 31 to 33 storeys in height and two blocks of 27- and 30-storey small-office-home-office (soho).

WCT Land Group general manager Yong Kiang Keen said it is looking for strategic partners to jointly develop the project that may take between five and six years.

"We are talking to several parties (to form a joint venture to develop the project) and are looking for partners that can create value to the project," he told Business Times.

He declined to name them, but said that the partnership can be either with government agencies, financial institutions or private sector.

WCT Land will hold the majority stake in the venture.

"Nevertheless, a joint venture is only an option. Either way, we will definitely be going to the market by the middle of this year," he said.

The Paradigm project will be built on land owned by WCT Land, which is located directly opposite the existing Giant hypermarket in Kelana Jaya.

Yong said the group will first launch the office buildings and retail portions of the project.

Like all its previous commercial developments, WCT Land will keep some units of its office buildings for future rental purposes in line with the group's plans to increase its recurring income.

The development will also see an upmarket neighbourhood shopping centre, much like Bangsar Village and Bangsar Shopping Centre in Kuala Lumpur size-wise.

WCT Land executive director and chief operating officer Lai Yeng Fock said The Paradigm will offer high-quality office space and add value to the entire Kelana Jaya and surrounding areas.

"There is a shortage of good quality office space in Petaling Jaya. Most of the existing office buildings are old, and not top-tier grade A type," he said.

Lai is confident that the project will get good response due to the fact that more companies are moving towards the fringe of the city and Kelana Jaya will fit nicely in their plans.

The Paradigm is one of WCT Land's major projects for 2007. It recently opened sales for BBT-One, a RM145 million commercial complex in Klang's Bandar Bukit Tinggi 1.

Lai said the group will make its first foray outside Malaysia in Vietnam with its first mixed-use property development scheduled in Ho Chi Minh City at year-end.

It plans to build an integrated development of retail, commercial and residential properties on a piece of state-owned land ranging in size from 4.05ha up to 12.2ha in Ho Chi Minh City.

Lai said the group has already submitted its proposal to the relevant authorities and is now awaiting their approval.

It expects to be issued with a certificate of ownership and land use right and begin construction by year-end.

"Once the approval is granted, we will proceed to form a joint venture in which we will take a majority stake. We have already identified a local partner there," said Lai.

Meanwhile, Lai said the group expects its performance this year to be "positive", driven by the sale of its residential properties in Kota Kinabalu and commercial properties in Bandar Bukit Tinggi 1.

It posted a smaller net profit of RM46.9 million on revenue of RM231.7 million last year.

So far, it has some 162-182ha of undeveloped land in Klang, which will keep it busy for another six to seven years.

Still, the group is on the lookout to expand its landbank in the country.

"However, we want to go to areas that have immediate development potential rather than to buy some land and hang on to it until it is able to get a good price. We are looking for both commercial and residential developments," said Lai.

The Paradigm PJ

It’s not everyday one gets to witness an icon that induces a paradigm shift in thinking. With the emergence of The Paradigm – The rising icon of Petaling Jaya, expect to see a bold difference in the PJ Skyline.

A Luxurious convergence of business, retail, dining / entertainment, The Paradigm is an architectural marvel with a unique fluid design. Within this elegant glass and steel beauty you can choose to work in spacious, tastefully designed, modern office suites or conduct business in an architect's dream design, created specially for 4 Blocks of office towers; or shop at The Paradigm Mall - the Most unique and exciting shopping mall boasting the finest in retail.

The paradigm heralds a new beginning, bringing new ideas and excitement. Changing the way you have lived life right up to now. Come, experience the Paradigm today.

USJ Heights, UEP Subang Jaya

USJ Heights is a freehold 2-storey and 2½-storey link houses estate by the renowned Sime Darby Property in UEP Subang Jaya which borders Shah Alam. It is a gated and guarded community development and will comprise a total of 6 development phases with a total of 762 units.
Currently, there are only two development phases, namely Kayangan Putera and Kayangan Puteri. The first was just handed over to buyers at the end of July while the latter was launched last September 2009 and still available.
Kayangan Putera development comprises of 2-storey and 2½-storey link houses with land area of 26′ × 80′ and built-up areas from 2,710 sf onwards. There are four bedrooms, one maid’s room and a guest room and a total of five bathrooms. Each home comes with alarm system that is connected to Central Monitoring System, automatic gate system, lighting protection system, air-conditioning units for all bedrooms on upper floors and guest room, and solar hot water system for all bathrooms on upper floors, guest room and kitchen. Both Also, the bedrooms are fitted with timber floor finishes.
Kayangan Puteri development comprises of only 2½-storey link houses with land area of 24’ x 80’ and built-up area from 3,150 sf onwards. Each comes with two master bedrooms, two bedrooms, a maid’s room and a guest room, and a total of five bathrooms. Its special features are mostly similar to Kayangan Putera that include alarm system that connected to Central Monitoring System, automatic gate system, air-conditioning units for bedrooms on upper floors and guest room, and solar hot water system for all bathrooms on upper floors, guest room and kitchen. Adding to that, its master bathrooms come with a bath tub each. The bedrooms are only fitted with laminated floor finishes.

Property Details

• Name: USJ Heights
• Address: USJ Heights, Subang Jaya, Selangor
• Developer: Sime UEP Development
• Completion Date
  
  • Kayangan Putera: July 2009
  • Kayangan Puteri: September 2012
• Type: Terrace House
• Tenure: Freehold
• No. of Storey: 2 & 2½
• No. of Units: 762
  
  • Kayangan Putera
    
    • 2-storey: 41
    • 2½-storey: 42
• Land Area
  
  • Kayangan Putera: 26′ × 80′
  • Kayangan Puteri: 24′ × 80′
• Built-up
  
  • 2-storey: 2,710 sf – 3,480 sf
  • 2½-storey: 3,160 sf – 4,380 sf
• Launch Price
  
  • Kayangan Putera
    
    • 2-storey: From RM 798,000
    • 2½-storey: From RM 838,000
• Maintenance Fee: Free for the first 5 years
• Subsale Price: RM284 psf

Layouts

• Kayangan Putera
  
  • Type A (Intermediate unit)
    
    • Built-up: 2,710 sf
    • Land area: 2,077 sf
  • Type A2 (End unit):
    
    • Built-up: 3,140 sf
    • Land area: 2,691 – 4,230 sf
  • Type A3 (Corner unit):
    
    • Built-up: 3,480 sf
    • Land area: 4,219 – 6,351 sf
  • Type Ba (Intermediate unit)
    
    • Built-up: 3,480 sf
    • Land area: 2,077 sf
  • Type Bb (Intermediate unit)
    
    • Built-up: 3,180 sf
    • Land area: 2,077 sf
  • Type B2 (End unit)
    
    • Built-up: 3,340 sf
    • Land area: 2,691 – 3,617 sf
  • Type B3 (Corner unit)
    
    • Built-up: 4,380 sf
    • Land area: 4,370 – 4,715 sf
• Kayangan Puteri
  
  • Type A1 (Intermediate unit)
    
    • Built-up: 3,150 sf
    • Land area: 1,916 sf
  • Type A1a (Intermediate unit)
    
    • Built-up: 3,150 sf
    • Land area: 1,916 sf
  • Type A2 (Corner/End unit)
    
    • Built-up: 3,560 sf
    • Land area: 2,691 – 5,651 sf
  • Type A3 (Corner unit)
    
    • Built-up: 4,520 sf
    • Land area: 4,338 – 7,287 sf
  • Type A4 (Corner unit)
    
    • Built-up: 3,990 sf
    • Land area: 5,242 sf

Facilities

• 24-hour security with intercom and patrolling guard with dogs
• Jogging track

Analysis

USJ Heights is surrounded by factories on the west and residential neighborhoods on the east. The area is not exclusive enough for a high-end residential. But yet, the development should have fulfilled Subang residents’ wish that are traumatized by a series of crimes in the vicinity to have a gated community in Subang Jaya.
USJ Heights also features underground cabling and concealed drainage system. There are 4 nearby parks in the area which are just within walking distance.

Links

http://property.simedarby.com/USJ_Heights.aspx

USJ Heights, Selangor

Description: Situated at one of the most sought after neighborhood in the Klang Valley. USJ Heights is a low-density development which is only a stone’s throw away from a network of highways leading to vital parts of the Klang Valley. For close to three decades, Sime Darby Property has nurtured and developed the township of Subang Jaya into the rich, lively community it is today. Kayangan Putera which is the first phase of the development host only 83 units of houses with 2 storeys and 2.5 storeys landed link terraces. Build-up ranging from 2710sf, 3180sf and 4380sf with area of 26'X 80'. The only development in USJ Heights with a wider area compared to new launches. With Superb Security with top-notch 24 hrs surveillance. You can be assured of peace and safety with this development. It is currently The best Landed and Guarded development in USJ with zero break-ins. Rest be assured you will get your dream home with assurance in peace of mind with this neighborhood. Specification * 26' X 80' 2 storey Superlink Homes * FREEHOLD with large built-up areas of 2710 sq ft and above * 24 X 7 Superb Security Surveillance and Patrol with Central monitoring System * contemporay tropical design * Cutting edge outlook with a nod to tradition * short distance to Subang Jaya, Kesas Highway, NPE, ElITE, Federal Highway, Shah Alam, NKVE and etc * Low density new neighborhood Extra Features: * Superior quality finishes * Oversized window panels to maximise natural lighting into the house * Decorated front facade to add warmth to contemporary design * 2 master bedrooms for 2½ storey units complete with longbaths * Larger bedrooms with quality timber floor finishes * Spacious utility rooms * Solar hot water heater system for all bedrooms on upper floors, Guest Room and Kitchen * Alarm system connected to Central Monitoring System * Automatic gate system * Lighting protection system * Air-conditioning units for all bedrooms on upper floors and Guest Room

Saujana Zero-Lot, Glenmarie for SELL

Property Type: Semi-detached House
Tenure: Freehold
Title Type: Individual
Asking Price: RM 2,600,000
Land Area: 4000 sq. ft.
Built-Up: 4,087 sq. ft.
Bedrooms: 5+2
Bathrooms: 6
Unit type: Corner
Occupancy: Vacant
Furnishing: Unfurnished
Facing Direction: East
Facilities: 24hr Security

Property Type: Semi-detached House
Tenure: Freehold
Title Type: Individual
Land Area: 4000 sq. ft.
Built-Up: 3,751 sq. ft.
Asking Price: RM 2,250,000
Asking Price psf : RM 453.21
Bedrooms: 4+1
Bathrooms: 6
Unit type: Intermediate
Occupancy: Vacant
Furnishing: Unfurnished
Facing Direction: East
Facilities: 24hr Security

Subang Olives Residence, Subang Jaya

Description: Subang Olives Residence is a lifestyle development created by Amanahraya Hartanah Sdn Bhd. Subang Olives Residence is a unique freehold 5-star service apartment with adjoining studio suite located at the commercial precinct of SS 16 Subang Jaya within a short distance to Subang Parade shopping complex, carrefour hypermarket, Wisma Consplant and KTM Komuter station. Subang Olives Residence is a low density scheme comes with 15 types layout plan, 11 feet high ceiling, 3-tier security system, automated central waste disposal system, FREE FOR LIFE SERVICE CHARGE, concierge service, maid service, car wash, full condo facilities complete with clubhouse, indoor badminton courts, squash courts, tennis court, 2 swimming and wading pools and gymnasium. Subang Olives Residence offers up to 7% rebate, 5% low downpayment, 24 months rental guarantee on studio units, free legal fees for SPA, free air conditioners for living, dining area and all bedrooms, free clothes dryer and free water heaters for all bedrooms. Property Details Name: Subang Olives Address: Jalan SS16/1, 47500 Subang Jaya, Selangor Developer: Everest Point (a subsidiary of AmanahRaya Development) Completion Date: Mid 2010 (Olives Residences) Type: Mixed Development Tenure: Freehold No. of Storey Olives Residency: 17 No. of Units Olives Residency: 314 Built-up: Olives Residency: 1,469 – 5,535 sf Launch Price: Olives Residency: RM560,000 – RM1,220,000 Facilities 24 hour security, 2 swimming pool, Wading pool, Tennis court, Squash court, Badminton court,  Multi-purpose hall, Children’s playground, Sauna, Common exercise & recreation zone,  Audio / Visual rooms, Gymnasium, Automated central waste disposal system, Covered parking, Market Trends

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Temasya Suria, Glenmarie units for SELL

Size available :  28' x 86' (3,427sf) , 28' x 96' (3,920sf) , 28' x 120' (4,652sf)

Property Type : Terrace Link

Location : Temasya Glenmarie, Shah Alam, Selangor

Type : Freehold

Price/sf : RM219 psf (3,427 sqft)

Total Unit : 133

- RM 950k  - RM 1.45mil depends on the sizes and furnishing.

 - For viewing session, please call Mr Yap 012 5689 956

Saujana Residency 994sf RM4500(nego) for RENT

- 994sf, 2+1 bedrooms, 2 bathrooms, bathtub with open concept shower, new & newly renovated, 1 car park.

- fully furnished, 46" LCD TV, 3 air cond, water heater, washing machine & dryer, fridge,

- facing Empire Hotel. walking distance to Subang Parade, Empire shopping centre, carefour, near to KTM, move in condition.

- view to appreciate, Contact MR Yap 012 5689 956

Saujana Residency, Subang Jaya, 1943sf, 3+2Room 3bath, RM970k for SELL (Sold)

Size : 1,943sf

Bedroom : 3+2

Bathrom : 3

Furnished : Fully

Selling price RM 970,000 Neg 

REMARK: Kindly call Mr.Shon Yap 012-5689 956 to arrange appointment for viewing.

Living room,

Master bedroom

- over RM200k newly renovated and stylish interior design, consists with full facilities and perfect funitures, build-in wardrobe and laminated solid wood floors in all rooms. 

- Lanai concept room facing to swimming pool. HIGH FLOOR in quiet enviroment, widely great 150° scenery day/night view facing to Glenmarie, Saujana Zero-Lot & Temasha Suria.

- Just within walking distance to Subang Parade, Carefour, KTM, Bus Stop and Empire. Good schools and colleges, Sunway Pyramid, Sime Darby Medical Centre, hotels, golf courses in less than 10-15 minutes drive. Saujana Residency is also served by Federal Highway, North-Klang Valley Expressway (NKVE), New Pantai Expressway (NPE) and Jalan Lapangan Terbang.

Furnishing: Fully Furnished 

Facilities: Barbecue Area, Business Centre, Cafeteria, Covered Parking, Gymnasium, Jacuzzi, Jogging Track, Mini Market, Playground, Sauna, Swimming Pool, Wading Pool, Tennis Court, 24hr Security. 

Master Bedroom

2nd bedroom

3rt bedroom

Study room

All rooms come with build-in wardrobe and laminated solid wood floor.

Dining room with luxury crystal light

full set kitchen tools build-in

Lanai concept room, facing swimming pool

Saujana Residency Floor Plans