Balakong, Selangor
Refreshing Modern DesignsA sense of space permeates this 34-acre mixed development in Cheras Selatan which boasts a luxurious ambience that is easy on the wallet. Its greatest appeals lie in its low-density location and refreshing designs which draw inspiration from the contemporary and modern look. Mid-size to extended families staying in the surrounding neighbourhood will definitely be tempted to lay claim to this inspired piece of property.
Consisting of commercial and residential units, this RM280 million freehold development is strategically located within Cheras. It fronts the Silk Highway and is within easy access to Cheras, Kajang, Mines, Serdang, Balakong, Seri Kembangan and Sungai Long.
Developed by Klang-based Hala Kota Development Sdn Bhd, the entire development consists of 2 phases. Phase 1, comprising of 116 units of shop offices, is fully sold out with the Certificate of Completion and Compliance (CCC) pending.
Price Appreciation
According to the developer’s managing director, Yap Jun Wei, since its launch 1 ½ years ago, the price of the commercial properties has appreciated by between 60 – 80%. “For example, for the 3-storey shop-office, the price has almost doubled from the launch price of RM1.1 million to almost RM2 million recently. Naturally, most of the buyers are still holding on as the price is expected to appreciate even further,” the MD said.
Phase 2 comprises of 129 units of freehold properties in 9 designs and are expected to appeal to upgraders from the surrounding neighbourhood as well as discerning investors.
Phase 2(a) which consists of 64 units of 2 and 3 storey link houses and 3-storey semi-D villas are almost completely sold out even prior to its launch. Due to the overwhelming response, the developer has decided to extend the launch to Phase 2(b) which comprises of 65 units of 3-storey semi-D villas and 3-storey garden bungalows. They will be launched later this month (end August).
“We are very optimistic that it will be another sell-out as market conditions are currently very conducive for property purchase due to the low-interest rates and rising property prices,” said Yap.
The designs embrace an upscale luxurious look and its built-up starts from 2,492 for the double-storey terrace up to 4,962 sq ft for the 3-storey semi-D.
The houses sit on bigger than average land sizes of between 1,760 and 4,500 sq ft which translate into a minimum price tag of RM588,800 for the double-storey terrace and RM1,088,800 for the semi-D.
To maintain an exclusive and safe ambience, the developer has ensured round-the-clock patrols with card access for residents. As a bonus for house purchasers, the 24-hour security is provided free for the first year.
“Up-and-Coming Hot Spot”
Its setting within a matured neighbourhood such as Bandar Tun Hussein Onn, Cheras Perdana and Taman Cheras Jaya provides it with instant location familiarity. Popular supermarkets such as Jaya Jusco and Econsave are within walking distance, while Giant, Tesco and Carrefour are a short distance away. There are shops, restaurants, salons, clinics and etc nearby. The residential enclave is also close to international schools, golf clubs and resorts. Opening its doors next to it in the 4th quarter of this year is Columbia Asia Hospital which makes medical care very accessible.
Yap, who has a Masters degree from Cambridge University, UK, added that as there are few empty lots left for development and freehold land is scarce in the area, available units are much sought after. “Furthermore, this is an up-and-coming hot spot and will attract a lot more interest in the near future.”
Upcoming New Townships
Hala Kota, which was set up to develop LaVille project is part of the Perumahan Teknik Group of companies, an established developer with 20 years behind it, particularly in Klang. It has completed projects worth a total of RM500 million and has landbanks of about 450 acres mostly in the Klang Valley.
According to Yap, the company plans to launch two townships in the 4th quarter of this year –Salak Tinggi and Kuala Langat, both in Selangor. Valued at RM450 million, the Salak Tinggi township is located near Kuala Lumpur International Airport (KLIA). The 150-acre township is expected to do well as there is a lot of pent-up demand for affordable homes as a result of the spillover effect from Putrajaya as well as the anticipated demand from the new LCCT which is expected to be completed by early 2012. Furthermore, property prices in the area are enjoying steady capital appreciation.
The other township in Kuala Langat which has a GDV of RM450 million, is also expected to attract a lot of buyers especially from its surrounding areas. The developer is in the midst of negotiations with some hypermarkets to set up shop in the commercial parcels. So far, local hypermarket Econsave has signed up.
The 135-acre township will feature a commercial area of 258 shop offices and several parcels of landed residential units in a gated and guarded environment.
