I took some pictures of the show unit during the launch last Sunday. The pictures consist of the exterior only as camera was not allowed in the show unit. Overall the response during the launch was good with 19 units sold out of 29 units . At the end of my visit, my wife was presented with a gift of daisy by the sales executive.
There is a new launching of 3 storey terrance bungalows in Taman Wangsa Melawati on this weekend 7th and 8th July 2012 from 10am to 6pm. The venue is Damaisari Show House – Jalan Wangsa Melawati 6, Wangsa Melawati, Kuala Lumpur and the GPS coordinate is N 3◦12.634’ ; E 101◦ 44.522’.
This development is by SCP Group who started out as a car park owner and operator during the Asian financial crisis in the year 1997. Recently it had been active launching commercial development in Taman Wangsa Melawati on April 2011 and now lauching the 29 units of terrace bungalows in Taman Wangsa Melawati too. The minimum price of the terrace bungalows is from RM2.8 mil and it a freehold property.
Last Saturday, my friend an real estate agent asked me to tag along to view a studio unit in Gaya Melawati. He was with the owner of the unit which had been handed vacant possession by Sime Darby on June 2012.
There are 4 blocks of apartments of 11 storey with total of 240 units of apartments ranging from 492 sq ft studio apartment, 2 bedrooms and 2 baths apartments of 972 sq ft and 1052 sq ft. The studio apartment I viewed had a great view overlooking the MRR2 highway and hill but the sound of passing cars on the highway can be heard without being too loud. I guess those bigger size apartment of 972 sq ft which faces the MRR2 could easily heard the car passing sound much more clearer. The workmanship of the studio apartment is good but the ceiling height is low around 9 feet. Installing a celling fan will be challenging and a wall-mounted fan would be ideal to avoid unnecessary injuries. From my discussion with my friend, he said the asking price for the studio unit range from RM270k to RM320 depending on the floors and blocks. As for the bigger unit apartment i.e. 1052 sq ft, sellers are asking from RM440k to RM550k. Rental from studio unit starts from RM1,200 per month for unfurnished unit and RM1700 to RM1800 per month for the 1052 sq ft apartment.
Below are some photos for viewing.
On Monday, I went to the show gallery of this residential project in Wangsa Maju Section 4 to view what were being offered. The show units were already completed i.e. 2 units (1382 sq ft and 1782 sq ft respectively). This project is open for registration and had not been launched yet pending end of June 2012. I had a chat with the salesperson on the package being offered for buyers, he told me this is a DIBS scheme, free SPA and loan agreements, RM10K booking fee and the expected completed date in 2016. I looked at the sales chart which indicated all the smaller units i.e. 1382 sq ft had been booked which left those larger units still available. Very good response indeed and I guess mostly had booked the smaller units for investment purpose unless some who are attracted to the living concept of ‘live-play’ balance with evergreen view of Melawati Ridge and full condo facilities.
IJM Land website stated the minimum price of RM600k for this project and it had 2 blocks of condo with 38 floors each and 1 block of low rise condo. If you are coming from KL by Kelana Jaya LRT, you can see the land clearing just before the Sri Rampai LRT station. Is it a worthwhile investment? I am sure you would like to visit the project site and show gallery before paying your booking fee……with it excellent location near to amenities and the Sri Rampai LRT station, it would be a good choice for those that can afford the asking price. For investment purpose, it had a good chance of appreciation after completion but rental yield would not be high. The current rental for a similar size of condo i.e. 1300 plus sq ft in Desa Putra is asking for RM2,000 to RM2,500 depending on the furnishing. For own stay, one should also consider similar high end condo in Wangsa Maju/Melawati area e.g. 20 trees in Taman Melawati, 3 Residence along the MRR2 in Taman Melawati/Taman Melati.