Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Friday, March 21, 2008

Sutera Damansara garden community

Sutera Damansara will have linked homes, apartments, condominiums, superlinks, and semidees

LOCATED in Sungai Buloh, close to Sierramas, Valencia and Bandar Sri Damansara is OSK Property Holdings Bhd’s (OSK Property) first landed development in Petaling Jaya.

Sutera Damansara takes up 100 leasehold acres, and according to Stanley Wong (pix), senior sales and marketing manager of OSK Property, about 80 out of the 100 acres has been planned with a gross development value (GDV) of RM400 million.

A joint venture (JV) between OSK Property and Permodalan Negeri Selangor Bhd (PNSB). the
project’s first phase, Sutera Ria comprises 431 units of 2-storey linked homes. The 22ft by 75ft
homes have built-ups of 2,305 sq ft and are tagged at RM438,000. Since its soft launch early this month, the project has received more than 200 registrants. “Our target market are the upgraders from the Petaling Jaya, SS2 and Damansara Jaya areas,” said Wong.

“The concept here is to create a garden development with a green environment featuring a linear park with ponds, gazebo, jogging paths and extensive landscaping. We want to create a garden community that is cozy and nicely landscaped with a modern tropical feel,” he said.

Aside from its first phase of linked homes, Sutera Damansara will also offer apartments, condominiums, superlinks, semidees and 24 units of 22ft by 75ft shops.

According to Wong, the next phase would comprise 40ft by 80ft semidees and 24ft by 85ft superlink homes. “We’re finalising the designs for these units and targeting to launch the superlinks at the end of this year,” said Wong.

“We have already started piling work on the first phase, and we’ll officially launch it soon, when
the works have further progressed,” he said. Sutera Ria would be completed within 18 to 20 months while the entire Sutera Damansara would occupy them for the next five to six years, with another 20 acres yet to be planned.

Apart from Sutera Damansara, OSK Property has another project in the pipeline.

“We have a high-end development planned on Jalan Yap Kwan Seng, for which we have submitted the plans for approval,” said Wong, adding that the development will be a high-rise luxury condo within the KLCC area. The GDV is yet to be finalised.

One of OSK Property’s ongoing developments, Taman Sri Banyan has recently been completed. “We are applying for Certificate of Fitness (CF) now and will handover in April,” said Wong. Located in Country Heights, Kajang, the luxury bungalow project was launched in July 2007.

Out of 16 bungalow units, eight have been sold, while all 10 semidee units have been sold. The bungalow units are tagged at RM2 million each while the semidees are tagged at RM1.2 million each. According to Wong, the freehold project attracted buyers from the Klang Valley, Bukit Jalil and Kuala Lumpur areas and most of them are professionals and local businessmen.

He attributes this to the accessibility of Country Heights to Kuala Lumpur via the KL-Seremban Highway.

There will be a promotional event tomorrow at Taman Sri Banyan between 5pm and 9pm.

OSK Property’s other projects include Mont’Jade, a series of hillside bungalows in Seremban and Seremban 3, a freehold township where it recently launched 36 units of 1-storey shoplots early this month.

OSK Property’s flagship project, said Wong, is the 2,500-acre township named Bandar Puteri Jaya in Sungai Petani, Kedah.

Launched in 1999, the development is approximately 50% developed.

By theSun (by Yeong Ee-Wah)

1 comment:

Anonymous said...

well.. it's like I thought!