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Tuesday, November 27, 2007

Nilai Impian set to soar with new access road

NILAI: The completion of the Nilai Impian Direct Link, a 1.5 km stretch linking the Nilai Impian township to the Nilai interchange from the North-South Highway, is expected to increase the value and demand for the properties there.

The new Nilai Impian Direct Link provides convenient access from the North-South Highway

The township’s developer Negara Properties (M) Bhd chief executive officer Wan Hashimi
Albakri Wan Ahmad Amin Jaffri is confident that the price of the properties in the RM1.5 billion
1,269-acre freehold development would appreciate by 5% immediately and by 10% within the next six months.

Prices for properties there range from RM68,388 for a Camelia Court apartment unit, to a starting price of RM199,888 for a 24ft by 75ft, 4-bedroom Dillenia Courtyard Home, and RM232,888 onwards for a 4,000 sq ft Ixora Bungalow.

“The opening of this access road to the public will open all doors to what is available in Nilai Impian, hence enhancing the value of the properties we offer,” he told theSun after the launch of the new link last week.

Negara Properties invested about RM12 million for the construction of the new access road, which is currently about 40% completed. It is expected to be fully ready by the middle of next year. He adds that demand for the properties in the township would also rise in tandem with the value as property prices in Nilai are still, comparatively, lower than other areas in the Klang Valley such as Petaling Jaya.

“Despite the increase (in price), the overall affordability and strategic location away from the hustle and bustle of the city would still draw homebuyers and investors alike,” he says. Nilai
Impian is located 50km from KLCC, 17km from Kuala Lumpur International Airport, and 30km
from Putrajaya, and is accessible via the North-South Highway and Elite Highway.

He says the group would have to be more efficient in its product rollout to meet the increasing
demand for homes in the vicinity. Negara Properties has completed more than 50% of the township with almost all of the units already taken up.

“From 1Q next year, we are targeting to launch at least one new product a month, not only in Nilai Impian, but in other developments as well,” he says. The group’s latest product in Nilai Impian is Warisan Villa, which comprises 70 units of semi-detached units and three bungalow units. Thirty six units of semidees were launched last week. Each semidee unit, priced from RM399,000, has a built-up of 2,100 sq ft on a land area of 5,400 sq ft.

Wan Hashimi says the development was designed based on the architecture of Malay traditional homes, which have natural open ventilation, with courtyards, deep windows, timber balustrades and skylights.

“With Warisan Villa, we are combining a modern contemporary look with a traditional ‘kampung’ design for the homes,” he says, adding that they are targeted at retirees, extended families and professionals living in Kuala Lumpur. The project has a gross development value of RM32 million.

By theSun (by Yap Yew Jin)

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