Bennington Residences @ Sky Arena, Setapak Registration

A Lifestyle Inspired by Wellness and Healthy Living

Welcome to Sky Arena, Kuala Lumpur’s first vertical community that puts wellness at the centre of everything we do.

Sky Arena epitomizes an urban design that is bold and innovative, with a first-of-its-kind 9.4-acre multi-facility sports complex in the blueprint to create an exiciting active lifestyle for its residents and their family. Live, play and work are now given a whole new meaning, and the skyline of Setapak transforms with this 28-acre mega integrated development.

With its success record of phase one Ascenda Residence, SkyWorld is now revealing its most kept secret of its second phase, Bennington Residences. This new development promises a unique way of living that celebrates a healthier and more balanced existence.

Activate your life with a peace of mind, away from the hustle and bustle of city life yet close to the city’s delights. Here, shared spaces are dedicated to a diverse mix of facilities designed to promote the well-being of both body and mind, while landscaped social spaces and gardens bring nature’s healing powers closer to you and your family.

It is truly an urban sky living paradise inspired by the Rainforest theme. Bennington Residences offers lush green living amid modern conveniences. This lavishly designed residential condominium offers 580 units of residences that immerse you in the Rainforest-esque experience like no other.

 

Overall Development Concepts

  • Bennington Residences is located at Sky Arena, in the heart of Setapak, Kuala Lumpur surrounded by established townships such as Wangsa Maju, Taman Danau Kota and Taman Sri Rampai.
  • Sky Arena is the only mega mixed integrated development in Setapak that consists of residential, commercial (SoHo, hotel, retail mall, shop offices and shoplots) and a multi-facility sports complex with a track and field ground.
  • Rainforest-themed with an infinity loop pool that comes with lush greenery of rainforest plants and gardens that blend well into environmentalism.
  • Sky Living facilities that comes with Sky Hub, Penthouse Lounge and Sky Park which comes with a sky theatre, sky spa, a triplex sky gym and others.

 

Home Concepts

  • Every home at Bennington features a generous lanai space that allows the living spaces to look out to the spectacular views of the landscaped greenery within the SkyArena development, and the sweeping views of the city beyond.
  • You can have potted plants to be placed on the lanai.
  • Dual key concept in selected units allows owners to rent out 2 units for double the rental yield or, alternatively, provide privacy in a multi-generation family environment.
  • Every unit comes with 2 allocated car parks.
  • An exclusive low-rise 12 condominium units will have “doorstep” parking.

Property Details

Name :   Bennington Residences Phase :   Sky Arena Residential Phase 2 Developer :   Bennington Development Sdn Bhd     (a wholly-owned subsidiary of SkyWorld) Location :   Setapak, Kuala Lumpur Property Type :   Residential Condominium Sch. H of HDA :   Yes Tenure :   Leasehold 99 years Land Area :   2.69 acres     Overall development is 28 acres No. of Blocks :   Block A – 39 storeys     Block B – 39 storeys     Podium Low Rise – 6 storeys No. of Units :   580 units No. of Lifts :   Block A – 3 high speed lifts     Block B – 3 high speed lifts Unit Types :   Type A1: 1,092 sf (3-bedder)     Type A2: 1,185 sf (3-bedder)     Type B1: 1,283 sf (3-bedder)     Type B2: 1,392 sf (3-bedder)     Type C1: 1,236 sf (3-bedder)     Type C2: 1,289 sf (3-bedder)     Type C3: 1,332 sf (3-bedder)     Type D1: 1,445 sf (3-bedder)     Type D2: 1,570 sf (3-bedder)     Type D3: 1,428 sf (Podium unit)     Type E1: 1,450 sf (3-bedder)     Type E2: 1,547 sf (3-bedder)     Type E3: 1,368 sf (Podium unit) Car Parking Bay :   Allocated 2 to 3 bays per unit     Total of 1,302 carpark bays Green Rating :   – Price Range :   From RM613,000 onwards Price Per Sq Ft :   From RM520 psf to RM640 psf Maintenance :   RM0.33 psf, inclusive sinking fund Completion :   Q4 2019

 

Specifications & Features

Corridor :   Natural ventilation Ceiling Height :   Floor to floor height – 3.05m (10 ft) Security Feature :   4-tier security provided     (1) Card access at check points     (2) CCTV at common areas     (3) Intercom link to guard house     (4) 24-hour patrol with guard tour system Structure :   Reinforced concrete Wall :   Reinforced concrete / Brickwork Windows :   Aluminium framed glass Entrance Door :   Timber door Wall Finishes :   Plaster and paint     Wall tiles up to 1.5m for kitchen     Wall tiles full height for all bathrooms Floor Finishes :   Tiles for living, dining, kitchen, all      bedrooms, all bathrooms, utility      room and balcony/lanai Air Conditioning :   Split unit piping provided Water Heater :   Points provided

Contact Developer

Sales Gallery :   SkyWorld Property Gallery     Lot 17899, Sky Arena,     Jalan Ayer Jerneh,      53200 Setapak,     Kuala Lumpur Tel / Hotline :   +603-4031 2999 Project Website :   www.skyarena.com.my 

 

Open For Registration

 

 

Events & Happenings

 

 

 

Facilities

When you move in to Bennington, you move in to a host of facilities that await to pamper you and your family.

Entrance Statement

  • Guard house
  • Play mound
  • Open lawn
  • Bamboo maze

 

Ground Floor: Rainforest Lounge

  • Rainforest lounges
  • Rainforest terrace
  • Reflective pool
  • Water cascade
  • Boardwalk
  • Function hall
  • Child care centre
  • Sundry/laundry

 

Level 8: E-Deck

  • Infinity loop pool
  • Wading pool
  • Jacuzzi
  • Pool deck
  • Wet deck
  • Casual deck
  • Lianas grove/kids play area
  • Swing corner
  • Hammock nock
  • Grand dining
  • Open terrace
  • Meditation garden
  • Hanging garden
  • Reflexo garden
  • Garden gym
  • Surau
  • WC/changing room

 

Level 18: Sky Hub

  • Conference room
  • Service corner
  • Reception/entertainment room
  • Work stations
  • Office suites

 

Rooftop: Sky Park

  • Sky theatre
  • Triplex sky gym and lounge
  • Interactive lawn
  • Dining pavilion with BBQ pit
  • Party pavilion with BBQ pit
  • Sky spa
  • Star lounger
  • Chess corner
  • Swing corner
  • Hanging corner
  • Hammock corner
  • Open exercise terrace

 

Sky Arena Sports Complex

Multi-storey sport complex comes with state-of-the-art facilities sprawled across 4 levels.

  • Olympic-sized swimming pool
  • Board diving
  • Scuba diving
  • Fitness centre
  • Dancing class
  • Dancing centre
  • Badminton courts
  • Indoor rock climbing
  • Aerobic room
  • Martial arts class
  • Multi-purpose hall
  • Indoor futsal
  • Football field
  • Track and field
  • Basketball court
  • Child care centre
  • Sports medical centre
  • Pro shops
  • Café

 

 

 

 

 

 

 

 

 

 

Developer Profile

SkyWorld Development Sdn Bhd is a lifestyle property developer with great ambitions. Borned from the idea that design, when executed to perfection, can elevate living experiences to new heights. Hence, proving that form and functionalities could indeed go hand-in-hand. 

Guided by emerging personalities of the property industry, SkyWorld wishes to create unrivalled sky living experiences, and a provider of urban and modern lifestyles in the heart of Kuala Lumpur. SkyWorld’s promise to the world is to “Design The Experience”, as its tagline says, for the finest urban sky living developments.  

SkyWorld has the vision to be the leading developer in Malaysia with a potential gross development value (GDV) worth more than RM12 billion from its ongoing prime-landbanking exercise in Kuala Lumpur.

 

View Full Profile

Location

GPS Coordinate: 3.193811,101.715975 

Accessibility, Amenities & Infrastructure

Distance:

  • 10mins to Jalan Pahang
  • 15mins to KLCC

 

Accessibility:

  • 0.3km to Jalan Genting Klang
  • 1km to DUKE Highway
  • The only ramp up and ramp down from DUKE highway via Jalan Ayer Jerneh
  • 2km to Jalan Sultan Yahya Petra (Jalan Semarak)
  • 5km to Jalan Tun Razak via Bulatan Pahang

 

Public Transportation:

  • 3km to Wangsa Maju LRT Station
  • 4km to Dato Keramat LRT Station
  • 5km to Sri Rampai LRT Station
  • 5km to Setiawangsa LRT Station
  • 6km to Jelatek LRT Station
  • 6km to Ampang Park LRT Station
  • 7km to Suria KLCC LRT Station

 

Future Infrastructure:

  • Road widening to 100 feet along Jalan Ayer Jerneh.
  • Approved Danau Kota-bound flyover from Jalan Genting Klang into Jalan Ayer Jerneh.
  • Proposed future MRT Circle Line (Line 3) may be aligned through south of Air Panas, Setapak.

 

Telecommunication:

  • Standard area backbone

 

Business Park:

  • 2km to Platinum Mondrian (PV128), Jalan Genting Klang
  • 15mins to KL city centre
  • 9km to Kuala Lumpur Convention Centre

 

Shopping Centre:

  • 2km to KL Festival City Mall
  • 5km to Wangsa Walk Mall
  • 5km to AEON Big Wangsa Maju
  • 6km to Giant Hypermarket Ulu Kelang
  • 7km to Suria KLCC
  • 9km to Great Eastern Mall

 

School & International School:

  • 0.5km to SK Marian Convent
  • 1km to SMK (P) Ayer Panas
  • 1km to SK Ayer Panas
  • 1km to SMK Tinggi Setapak
  • 2km to Sri Utama International School
  • 5km to Wesley Methodist School
  • 7km to Fairview International School

 

University & College:

  • 4km to TAR University College (TARC)

 

Healthcare:

  • 1km to Columbia Asia Hospital Setapak
  • 4km to Tawakkal Hospital
  • 5km to Hospital Kuala Lumpur (GH)
  • 5km to National Heart Institute (IJN)
  • 6km to Gleneagles Kuala Lumpur
  • 11km to KPJ Ampang Puteri Specialist Hospital

 

Leisure & Recreational:

  • 2km to Setapak Golf Range
  • 4km to Titiwangsa Police Force Golf Club
  • 5km to Titiwangsa Recreational Park

 

Nearby Landmarks:

  • 2km to Royal Selangor Visitor Centre
  • 3km to Puspakom Wangsa Maju
  • 4km to UTC Keramat

Project Gallery

View the embedded image gallery online at:
http://www.ptlm.com.my/index.php/bennington-residences-sky-arena-setapak#sigProId787807b264

Building Plans

Coming Soon

Showunit for Bennington Residences

View the embedded image gallery online at:
http://www.ptlm.com.my/index.php/bennington-residences-sky-arena-setapak#sigProId4f1066d360

Sky Arena Sports Complex

View the embedded image gallery online at:
http://www.ptlm.com.my/index.php/bennington-residences-sky-arena-setapak#sigProId061f97248b

Construction Progress

View the embedded image gallery online at:
http://www.ptlm.com.my/index.php/bennington-residences-sky-arena-setapak#sigProId6f96fd64fc

PTLM Guide is a general guideline that could be used by an investor to gauge the concepts and sustainability of any development. The key points are outlined here for easy reference. This enables an investor to evaluate his strategy of investment based on systematic set of criterias.

In this page, we do not publish specific scores achieved by this project for any of these criterias.

 

A. The Entry Facts

  • Location, visibility and environment

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  • Distance to key locations and growth value of an address

Sky Arena is located in the heart of Setapak, off Jalan Genting Klang. It is the largest single mixed development in Air Panas/Setapak area. Located on Jalan Ayer Jerneh, the location is conveniently connected to Jalan Genting Klang, Jalan Ayer Panas and Jalan Ayer Keroh.

On the southern side of Jalan Ayer Jerneh is the ramp in/ramp out interchange (Exit 3304) with DUKE Highway while Jalan Ayer Keroh provides quick access to Jalan Batu/Jalan Sultan Yahya Petra (formerly Jalan Semarak). The end of Jalan Sultan Yahya Petra leads to Jalan Tun Razak and KLCC/Jalan Ampang within minutes.

Jalan Genting Klang is only 300 metres from Sky Arena. Jalan Genting Klang provides quick access to Jalan Pahang and Jalan Tun Razak via Bulatan Pahang. Traffic congestions at three bottlenecks, namely Jalan Kuching, Jalan Pahang and Jalan Tun Razak, will be reduced by 30% once DUKE Highway Phase 2 is completed.

  • Concepts, architectural and practicality aspects

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  • Density of development

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  • Developer and branding

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  • Price level and price comparison

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  • Surrounding commercial, infrastructure, amenities, distance and accessibility

(1) .

(2) .

(3) .

(4) .

  • Existing demographics

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  • Presence of future catalystic projects

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  • Continuity development

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  • Land tenure

Leasehold.

  • Transit oriented development (if applicable)

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  • Integrated retail concept (if applicable)

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  • Competitor risk – peer-to-peer product comparison against its vicinity

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B. Product Design Buy Factors

  • Practical unit layout design

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  • Unit orientation

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  • Fittings and furnishings (if applicable)

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  • Sufficiency of parking bay and carpark allocation

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  • Design of corridor, corridor spaces and ventilation

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  • Availability of proper refuse area

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  • Variety of facilities, green and open spaces
    – Example: For families, children-friendly facilities are to be considered

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  • Reasonability of maintenance fees based on offered facilities over density

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  • Impressive and modern façade

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  • Entrance statement, guardhouse, drop-off area and lift lobby

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  • Security features and privacy design

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  • Other unique features (if applicable)

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  • Green rating or greening features (if applicable)

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C. Strategic Investment Process

  1. Equip with property market and personal finance knowledge.
  2. Identify your niche by studying close-by competing, similar and future products.
  3. Benchmark against competing product prices on PSF basis.
  4. Study potential commercial viability and retail catchment (for mixed development).
  5. Survey the level of occupancy in the neighbourhood.
  6. Survey existing demographic and resident profile in the vicinity.
    Example: Close proximity to education hub may bring new demand year after year.
  7. Survey the current rental and subsale price from nearest comparison today.
  8. Forecasting by making estimated future rental assumption.

 

D. The Exit Strategy

  1. Ensuring personal finance capability to maintain the property for minimum of 5 years.
  2. Ensuring personal finance capability for renovation and value-added activities that will help to mitigate risk factors.
  3. Perform calculation of estimated rental yield for first year of occupancy.
  4. Forecasting by making estimated future subsale price.
  5. Determine profit from investment after settling outstanding loan amount.

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HomePro expands in Malaysia, second store will anchor TTDI Gateway development Registration

Home Product Centre (M) Sdn Bhd’s (HomePro) new store will sit on a 1.63-hectare site in Shah Alam which has been leased from local property developer Naza TTDI Sdn Bhd for 32 years.

HomePro managing director Anuchar Jitjaturunt said the flagship store would boast of more than 5,000 home products.

Anuchar added the collaboration with Naza TTDI would cater to the needs of home product buyers, not only for Shah Alam but also those in the Petaling and Klang districts.

“We hope to provide a one-stop shop for all homes in Malaysia by offering value for money in home improvement products and services.

“We opened our first store in IOI City Mall, Putrajaya, last year and we hope to open many more stores in (the) future,” he said after signing the extended store lease agreement.

The strategic location of HomePro’s second store in Malaysia, which is built within Naza TTDI’s RM2.5 billion TTDI Gateway development, will add value to the developer’s vision of making TTDI Gateway a thriving integrated hub.

TTDI Gateway’s HomePro store will be built at the cost of RM60 million and the construction work is expected to start in the first quarter of next year, with a target opening at the end of the same year.

Anuchar said the sales area would occupy 9,290 square metres of the 26,012-square metre built-up area.

Buoyed by high acceptance from customers towards its first store, he said HomePro is optimistic of the success of its TTDI Gateway’s store.

He said HomePro registered RM30 million in sales in the first six months of the opening of its first store and is targeting RM60 million in sales this year.

HomePro entered the Malaysian market at the end of last year, and the company plans to open up to 12 stores within the next five years with a total investment of RM500 million.

Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin said the presence of HomePro, Thailand’s leading home improvement store, marked the first international collaboration in TTDI Gateway.

“It will be an important boost to the development and is in line with TTDI Gateway’s aspiration to become an international lifestyle hub in Shah Alam,” he said at the signing ceremony of the lease.

Spanning over a 15.7-hectare site in Section 13, Shah Alam, TTDI Gateway will be developed in three phases, consisting of offices, service apartments, a retail mall, a hotel, shop outlets and al-fresco riverfront outlets and it is slated for completion by 2020.

The first phase of TTDI Gateway is called TTDI Sentralis, which is sprawled over 8 acres. It was launched last year and the first phase of the development, comprising business suites and retail units, had received overwhelming response.

TTDI Sentralis is currently selling its small office, versatile office (SoVo) block and will launch the Vistaz service apartments component soon.

A pedestrian walkway will be built to connect to the adjacent Giant Hypermarket and a covered pedestrian bridge will be built over the riverfront to connect the HomePro store and Phase 2 of the development.

A totally self-sustained township and business hub, it would be supported with good accessibility infrastructure with the upcoming LRT Line 3 station, which is just a short walking distance to TTDI Sentralis.

Meanwhile, Naza TTDI recently commenced business from its new corporate headquarters in nearby Section 13, Shah Alam.

The property arm of the Naza Group, is currently developing three key projects in the Selangor state, including the 208-acre township of TTDI Alam Impian, the 113-acre township of TTDI Grove Kajang and TTDI Gateway.

 

– The Star Metro, 27 July 2015.

Pavilion Group to develop highrise township on land bordering TTDI and Bukit Kiara Registration

The said land is Lot PT 9244 in Kuala Lumpur. It is located at the northern end of Jalan Tun Mohd Fuad in suburban Taman Tun Dr. Ismail, adajacent to Plaza VADS and next to the Sri Maha Mariamman Bukit Kiara Hindu temple.

The land is bordering the western side of the Kuala Lumpur Golf and Country Club (KLGCC). The size of the land is estimated to be 12 acres.

To recap back in June last year, a company known as Damai Kiaramas Sdn Bhd made known of its intention to sue the Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor for allegedly breaching a joint venture agreement.

Damai Kiaramas was set up in early 2009 upon entering into negotiations with the landowner, a social economic foundation known as Yayasan Wilayah Persekutuan (YWP), or Federal Territories Foundation.

A joint venture agreement was made in September 2013 with an intention to provide a long-term solution for the former estate workers living on the said land after their estate was closed down more than three decades ago.

The former estate workers had worked on an estate that was developed into the KLGCC and were resettled into longhouses on the land as a temporary measure.

It now has a community of more than 180 families squeezed into 100 units of longhouses built by Kuala Lumpur City Hall (DBKL).

Damai Kiaramas then drew up plans for a mixed development on the land, including a planned low-cost apartment to house the former estate workers.

Subsequently, YWP decided to pick another developer, Memang Perkasa. The reason given by YWP was that Damai Kiaramas was unable to perform the redevelopment plans due to financial capacity.

This led to Damai Kiaramas filling a court injunction to restrain YWP, the Federal Territories Minister, acting as chairman of the foundation, and Memang Perkasa for allegedly wrongly terminating its joint venture agreement.

Damai Kiaramas contended that YWP had no right to terminate the agreement unilaterally and without valid reason. It claimed that its joint venture with YWP remained valid and that YWP’s partnership with Memang Perkasa was invalid.

The company also claimed that Memang Perkasa had induced YWP with alternative proposals and greater profits despite Damai Kiaramas having done all the initial work for the project.

PTLM was not able to find out what has happened after the court injunction. According to a source, Memang Perkasa had recently submitted a development order for the said land.

Memang Perkasa will be sub-dividing the said land into five smaller plots with one plot being set aside for 948 units of affordable apartments housed in three blocks.

Four other plots will be developed into a new luxury residential enclave with good views of the KLGCC and Bukit Kiara. The total gross development value is estimated to be worth several billions.

The proposed development entirely consists of residential components. In reference to the development order submitted by Memang Perkasa, the following are composition details of the company’s proposed plans.

 

Plot A: Affordable Housing

Phase 1:

– Block A: 29-storey (316 units)

Phase 2: 

– Block B: 29-storey (316 units)

– Block C: 29-storey (316 units)

[Total Units: 948 units]

 

Plot B, C, D and E: Residential Enclave

Phase 1:

– Service Apartment Tower 1: 45-storey (290 units)

– Service Apartment Tower 2: 52-storey (288 units)

Phase 2:

– Service Apartment Tower 3: 59- and 60-storey (224 units)

– Service Apartment Tower 4: 51- and 60-storey (100 units)

Phase 3:

– Service Apartment Tower 7: 52-storey (288 units)

– Service Apartment Tower 8: 45-storey (290 units)

Phase 4:

– Service Apartment Tower 5: 51- and 60-storey (100 units)

– Service Apartment Tower 6: 59- and 60-storey (224 units)

[Total Units: 1,804 units]

 

The proposed development name has not been confirmed but it is not surprising if Tan Sri Desmond would adopt his successful “Pavilion” branding – similar to other developments under his private companies and publicly listed entities such as Malton Bhd and Global Oriental Bhd.

PTLM opined that ‘Pavilion Bukit Kiara’ is one example of a name that may provide impetus for this massive development.

On the eastern side of the KLGCC along Jalan Bukit Kiara 1, Sime Darby Property is expected to launch a transit-oriented development consisting of residential, commercial, hospitality and convention components in one or two years time. Malaysian Resources Corporation Bhd (MRCB) was also rumoured to be ‘scouting’ for land in Bukit Kiara.

In Bukit Bintang, Tan Sri Desmond’s iconic shopping mall Pavilion Kuala Lumpur will be further enhanced by a 429,000 square feet mall extension and Pavilion Suites Kuala Lumpur directly above it, flanked by the upcoming Menara Khuan Choo office tower, a 5-star international hotel known as Royale Pavilion Hotel and the Banyan Tree Signatures hotel and residences.

Elsewhere, the Pavilion Group and its associated companies are developing Pavilion Bukit Jalil, Pavilion Damansara Heights, Pavilion Embassy @ Jalan Ampang, Pavilion Hilltop Mont Kiara, the upcoming Pavilion Ceylon Hills and many others.

Two months ago, Pavilion Group opened the Pavilion Dalian shopping mall in China marking its first overseas venture.

AirAsia, Bank Rakyat, Suez Capital to brand KL’s LRT and Monorail stations Registration

These three are the first partners of the programme.

AirAsia will become the naming rights partner of the Bukit Bintang monorail station with a category exclusivity along the monorail line while Bank Rakyat and Suez Capital will become the naming rights partners of the Bangsar and Universiti LRT stations respectively.

In making the announcement, its group director for Property and Commercial, Rudyanto Azhar said that Prasarana had received expressions of interest from a number of travel, retail, property, utilities, telecommunications and fast moving consumer good brands after it opened the exercise late last year.

“After due consideration, the Board of Prasarana have awarded the Bukit Bintang monorail station located within heart of the capital’s tourist and shopping district to AirAsia, the Bangsar LRT Station to Bank Rakyat, which is less than a kilometre from the Islamic cooperative bank’s new headquarters; and Universiti LRT station to Suez Capital, who are in the midst of establishing the KL Gateway, an integrated development comprising of corporate office towers, residences and a retail mall which is located directly opposite the station,” said Rudyanto, who is also the CEO of Prasarana Integrated Development Sdn Bhd (PRIDE).

The stations are now known as AirAsia – Bukit Bintang, Bank Rakyat – Bangsar and KL Gateway – Universiti in exchange for a fee, which Phar Partnerships, the marketing agency behind the programme, declined to reveal.

Prasarana group managing director Azmi Abdul Aziz said: “Commuters can expect to see the benefits of the partnerships for them and new experiences at the AirAsia – Bukit Bintang, Bank Rakyat – Bangsar and KL Gateway – Universiti stations when each partnership is launched.”

Prasarana introduced the Station Naming Rights concept last year. The programme has already been implemented in transit systems in other parts of the world such as the New York Metro, Metro Madrid, Dubai Metro and New Delhi Metro.

Spencer Lee, AirAsia head of commercial said: “We are happy to collaborate with Prasarana Malaysia Berhad and look forward to painting the Bukit Bintang station red! We are very excited to be in the heart of the golden triangle. This collaboration will further elevate our brand presence in the capital’s commercial, shopping, entertainment and tourist hub.

“The initiative is in line with our business expansion plan to tap into the private sector. It is also an alternative channel for our customers to reach us via the mini kiosk, ATM, CDM and ground activities which will soon be available at the Bank Rakyat – Bangsar Station.’ said Datuk Mustafha Hj. Abd Razak, managing director and president of Bank Rakyat.

“In-line with our brand promise to be a leading community builder, Suez Capital strives to enhance the living standards of our residents and communities surrounding our developments. With the KL Gateway development well underway, we believe that the residents, working professionals, retailers and shopping patrons will be able to experience better travelling convenience, especially when a 100-meter covered linked bridge will be built, connecting the upcoming KL Gateway Shopping Mall to the now renamed KL Gateway – Universiti Station,” said Datuk Ter Leong Hing, group managing director of Suez Capital Sdn Bhd.

The adoption of these new station names will be officially launched starting August 2015.

– News source: Marketing-Interactive.com, 15 July 2015

Sky Awani Commercial @ Jalan Sentul Pasar Registration

Welcome to KL’s Latest Business Address

Sitting on prime land along Jalan Sentul Pasar, Sky Awani is a mixed development comprising residential and commercial elements co-existing in matrimony. It is set to be the most modern commercial hub in its vicinity.

Its commercial development will create a contained hub of activity, where interdependence and complementary services serve to unite the community. At the same time, its residential development will provide an ever ready catchment for its commercial development to thrive, whether its daytime, evening or during weekend.

With adequate shop-wide frontage, Sky Awani offers entrepreneurs and traders high visibility to showcase their products and services. A constant traffic flow on Jalan Sentul Pasar and a surrounding neighbourhood population within Sentul District of over 435,000 are plus points for business to bloom.

At Sky Awani, one do not have to go far for daily needs. Such is the lifestyle convenience. Much emphasis has also been placed on providing public amenities with ample parking bays, well-lit side streets, and highly convenient ingresses for ease of traffic and user-friendliness.

Additionally according to PTLM Research, another property developer, Desaria Property Sdn Bhd, intends to develop its 9-acre tract into a mixed integrated development inclusive of a shopping centre just minutes away from Sky Awani. The rumours of AEON anchoring the mall remains a possibility.

 

Overall Development Concepts

  • Sky Awani is Sentul’s latest mixed development comprising commercial shop offices and luxuriously-decorated affordable home apartments, whereby 99% of homeowners here are expected to be own-stayers with their families.
  • Main road frontage development has easy accessibility and conveniently connected to major highways such as Duke Highway, MRR2 and Karak Highway. Conveniently placed within 9km drive to Kuala Lumpur’s city centre.
  • As a mixed development, Sky Awani is well-planned to distinguish home-comers and business visitors. Separated entrances for the residential and commercial components are provided.
  • Carpark for commercial and residential components are clearly demarcated. 24-hour security and CCTV surveillance system are installed throughout the carpark areas.

 

Shop Offices’ Concepts

  • Great business opportunities. Meticulously planned to be integrated with a ready on-site catchment – the 1,226 home-owners within the Sky Awani neighbourhood, as well as surrounding vicinity along bustling Jalan Sentul Pasar.
  • Exclusivity with only 28 lots of shop offices. Typically, a full glass facade for a 2-storey shopfront attracts much needed attention. What is more appealing is that its 6-storey full glass facade will double or triple user visibility.
  • A unique, yet affordably-priced single and double-storey shops are suitable for food and beverage outlets and convenience establishments. Each of the 6-storey shop office block comes with 2 lifts ideally suited for medical centre, boutique hotel or corporate office suites.
  • Strata title provision for each level creates flexibility for future subsale and rental opportunities.
  • Business potential is enhanced by an extra-wide store frontage with a minimum of 26 feet for maximum appeal and visibility.
  • Ease of traffic and user-friendliness is thought of with two ingresses provided on Jalan Sentul Pasar.
  • Traffic lay-out in front of all shop units allows maximum visibility, enhances commercial value.

Property Details

Name :   Sky Awani @ Sentul, KL Phase :   – Developer :   Citra Amal Sdn Bhd     (a wholly-owned subsidiary of SkyWorld) Location :   Jalan Sentul Pasar Property Type :   Commercial: Shop Offices with strata     provision     Residential: RUMAWIP Sch. H of HDA :   Commercial: No     Residential: Yes Tenure :   Leasehold Land Area :   5.78 acres Completion :   Q1 2019

 

Commercial Component

Name :   Sky Awani Commercial Title Type :   Strata title provision for each level No. of Lots :   28 lots No. of Units :   60 units Composition :   1-storey shop-offices (G floor)     2-storey shop-offices (G to 1st floor)     6-storey shop-offices (G to 5th floor)  Built-up Area :   936 sf to 34,924 sf  Car Park :   Covered: At G floor of carpark podium     Non-covered: At shop front and along     the road-frontage perimeter Price (RM) :   From RM897,000 onwards

Contact Developer

Sales Gallery :   SkyWorld Property Gallery     Ground Floor, Block C,     Excella Business Park,     Jalan Ampang Putra,     55100 Ampang, Kuala Lumpur Tel / Hotline :   +603-4270 9928 Project Website :   www.skyworld.my 

 

Open For Registration

 

Facilities

Sky Awani provides a comprehensive 3-acre recreational deck with a variety of lifestyle facilities. These facilities are built for its residential component to foster communal living. It is exclusively accessible to its apartment residents only.

 

For Sky Awani Residence Only

Level 6 Recreational Deck

  • Infinity pool
  • Wading pool
  • Floating gymnasium
  • Gazebo
  • Badminton court
  • Futsal/basketball court
  • Takraw court
  • BBQ terrace
  • Herb’s garden
  • Meditation deck
  • Indoor playground
  • Children’s playground
  • Games room
  • Multi-purpose hall
  • Changing room
  • Surau
  • Kindergarten/daycare

Developer Profile

SkyWorld Development Sdn Bhd is a lifestyle property developer with great ambitions. Borned from the idea that design, when executed to perfection, can elevate living experiences to new heights. Hence, proving that form and functionalities could indeed go hand-in-hand. 

Guided by emerging personalities of the property industry, SkyWorld wishes to create unrivalled sky living experiences, and a provider of urban and modern lifestyles in the heart of Kuala Lumpur. SkyWorld’s promise to the world is to “Design The Experience”, as its tagline says, for the finest urban sky living developments.  

SkyWorld has the vision to be the leading developer in Malaysia with a potential gross development value (GDV) worth more than RM12 billion from its ongoing prime-landbanking exercise in Kuala Lumpur.

 

View Full Profile

Location

GPS Coordinate: 3.208948,101.689798 

Accessibility, Amenities & Infrastructure

Distance:

  • 5mins drive to Jalan Sentul
  • 5mins drive to Middle Ring Road 2
  • 10mins drive to Jalan Pahang
  • 15mins drive to KLCC

 

Accessibility:

  • DUKE Highway
  • Middle Ring Road 2
  • Jalan Tun Razak via Jalan Sentul
  • Jalan Kuching via Jalan Ipoh

 

Public Transportation:

  • 2km to Kampung Batu KTM Station
  • 4km to Sentul Timur LRT Station
  • 4km to Sentul KTM Station
  • 5km to Sentul LRT Station

 

Future Infrastructure:

  • 5km to DUKE Highway Phase 2
  • 6km to Sentul West Station (MRT Line 2)

 

Telecommunication:

  • Standard area backbone

 

Business Park:

  • 9mins to Sentul Raya Boulevard
  • 15mins to Putra World Trade Centre
  • 15mins to KL city centre
  • 8.5km to Kuala Lumpur Convention Centre

 

Shopping Centre:

  • 3.5km to Giant Hypermarket Batu Caves
  • 3.8km to KL Festival City
  • 8.5km to Avenue K
  • 9km to Suria KLCC
  • 11km to Pavilion Kuala Lumpur

 

School & International School:

  • 0.5km to SMK Batu Muda
  • 2km to SJK(C) Sentul Pasar (Peng Ming)
  • 4km to SJK(C) Chong Hwa, Jalan Pahang
  • 4km to Wesley Methodist School
  • 4km to SMJK Chong Hwa, Jalan Gombak
  • 5km to Chong Hwa Independent High School Kuala Lumpur, off Jalan Ipoh
  • 5km to SK Bandar Baru Sentul

 

University & College:

  • 2km to International Islamic College
  • 7km to TAR University College (TARC)

 

Healthcare:

  • 4km to Sentul Medical Centre
  • 5km to KPJ Tawakkal Specialist Hospital
  • 6km to Columbia Asia Hospital Setapak
  • 6km to Sentosa Medical Centre
  • 7km to National Heart Institute (IJN)
  • 7km to Hospital Kuala Lumpur (GH)

 

Leisure & Recreational:

  • 5km to Taman Metropolitan Batu
  • 6km to Sentul Park
  • 7km to Setapak Golf Range

 

Nearby Landmarks:

  • 4km to UTC Sentul
  • 4km to Batu Caves
  • 4km to HGH Convention Centre
  • 6km to KL Performing Arts Centre

Sky Awani Commercial

View the embedded image gallery online at:
http://www.ptlm.com.my/index.php/skyawani-commercial-jalan-sentul-pasar#sigProIdbca4efe637

Sky Awani Residence

View the embedded image gallery online at:
http://www.ptlm.com.my/index.php/skyawani-commercial-jalan-sentul-pasar#sigProId49714b1fc0

Architectural Scale Model

View the embedded image gallery online at:
http://www.ptlm.com.my/index.php/skyawani-commercial-jalan-sentul-pasar#sigProIdb18ba7bc74

Construction Progress

Coming Soon.

PTLM Guide is a general guideline that could be used by an investor to gauge the concepts and sustainability of any development. The key points are outlined here for easy reference. This enables an investor to evaluate his strategy of investment based on systematic set of criterias.

In this page, we do not publish specific scores achieved by this project for any of these criterias.

 

A. The Entry Facts

  • Location, visibility and environment

Review Notes coming soon.

  • Distance to key locations and growth value of an address

Review Notes coming soon.

  • Concepts, architectural and practicality aspects

Review Notes coming soon.

  • Density of development

This criteria is not applicable to Sky Awani Commercial as there are only 28 limited lots of shop offices.

  • Developer and branding

SkyWorld Development Sdn Bhd is a fast-growing lifestyle property developer. The company has great passion for design and practicality in shaping wonderful living experiences for both the high-end and mass market segment properties. Testament to that, its debut property last year – Ascenda Residence @ SkyArena was over 90% sold without much advertising.

  • Price level and price comparison

.

  • Surrounding commercial, infrastructure, amenities, distance and accessibility

(1) Highly accessible to major highways. Among all new developments on Jalan Sentul Pasar, Sky Awani’s location is the closest to DUKE Highway via an existing spur road called Jalan Batu Muda Tambahan 3. This road will be widened to 66 feet dual carriageway.

(2) Jalan Sentul Pasar is the main connecting thoroughfare between the heart of Sentul and MRR2 on the northern side.

(3) The vicinity is a growing business address for small and medium enterprises as surrounding amenities (as mentioned) are being improved and parts of Jalan Sentul Pasar are being widened to three lanes.

(4) Sky Awani’s neighbouring development, Maxim Citilights (formerly known as Sentul Prime), is the closest commercial competitor. The circulation of its shop offices are based on a boulevard-styled concept, similar to Scott Garden in Old Klang Road. The most visible difference between both development’s shop office components are the no. of units and facade design/appeal, with Sky Awani Commercial having the upper-hand.

  • Existing demographics

Jalan Sentul Pasar is largely a mixed demographic area with lower-to-middle earners on the northern side and a moderate-majority purchasing power on the southern side. There are a significant SMEs community within the Sentul District. Traditionally, Sentul is home to supporting businesses for enterprises in the city centre.

The greater Sentul area is growing in popularity for working middle-class earners and young families as affordability of living right in the heart of the city and/or established townships had become unaffordable to many.

The right commercial product with modern appearance and adequate carpark are of utmost importance to attract people and serve the growing needs of such population.

  • Presence of future catalystic projects

We believe many more developments in the Sentul-Setapak-Gombak Corridor will provide room for commercial shop-offices appreciation. Particularly important is the upcoming MRT Line 2 serving Batu Kentonmen, Sentul District and Jalan Ipoh. Commercial-ability is enhanced with the improvements in connectivity.

Besides MRT Line 2, another major infrastructure project in this corridor is the DUKE Highway Phase 2 which is scheduled to be completed by 2017. The extension of this highway is aimed at easing bottlenecks at Jalan Kuching, Jalan Pahang and Jalan Tun Razak which will result in faster travel time from Jalan Sentul Pasar to the city centre.

We also acknowledged that the River of Life project (Setapak/Sentul/Titiwangsa) would in turn transform the entire landscape of northern Kuala Lumpur in the future, alongside several massive urban redevelopments and rejuvenation projects.

  • Continuity development

Sky Awani is a single-phase development. It is noted that Jalan Sentul Pasar is poised to see further developments that may set future benchmark in terms of pricing, in anticipation of upcoming catalystic projects such as road widening works, a proposed future AEON shopping centre (not confirmed yet), MRT Line 2 and the DUKE Highway extension project.

  • Land tenure

Leasehold.

  • Transit oriented development (if applicable)

Not applicable.

  • Integrated retail concept (if applicable)

.

  • Competitor risk – peer-to-peer product comparison against its vicinity

We have performed several analysis on the shop offices market in the vicinity. [Coming Soon]

 

B. Product Design Buy Factors

  • Practical unit layout design

.

  • Unit orientation

.

  • Fittings and furnishings (if applicable)

Not applicable.

  • Sufficiency of parking bay and carpark allocation

.

  • Design of corridor, corridor spaces and ventilation

.

  • Availability of proper refuse area

.

  • Variety of facilities, green and open spaces
    – Example: For families, children-friendly facilities are to be considered

.

  • Reasonability of maintenance fees based on offered facilities over density

.

  • Impressive and modern façade

.

  • Entrance statement, guardhouse, drop-off area and lift lobby

.

  • Security features and privacy design

.

  • Other unique features (if applicable)

Not applicable.

  • Green rating or greening features (if applicable)

Not applicable.

 

C. Strategic Investment Process

  1. Equip with property market and personal finance knowledge.
  2. Identify your niche by studying close-by competing, similar and future products.
  3. Benchmark against competing product prices on PSF basis.
  4. Study potential commercial viability and retail catchment (for mixed development).
  5. Survey the level of occupancy in the neighbourhood.
  6. Survey existing demographic and resident profile in the vicinity.
    Example: Close proximity to education hub may bring new demand year after year.
  7. Survey the current rental and subsale price from nearest comparison today.
  8. Forecasting by making estimated future rental assumption.

 

D. The Exit Strategy

  1. Ensuring personal finance capability to maintain the property for minimum of 5 years.
  2. Ensuring personal finance capability for renovation and value-added activities that will help to mitigate risk factors.
  3. Perform calculation of estimated rental yield for first year of occupancy.
  4. Forecasting by making estimated future subsale price.
  5. Determine profit from investment after settling outstanding loan amount.

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Google expands in Malaysia, new office will be 5 times larger than current office Registration

Tech giant Google Malaysia has signed up 54,000 sq ft in a new office tower called 1 Sentrum. The Google Inc.’s local subsidiary did not confirm whether the new office will be its new Malaysian headquarters.

Standing prominently on Jalan Tun Sambanthan, the 32-storey newly-completed office tower is most recognizable due to its external facade featuring chequered form similar to songket weaving. It is located annexed to the Nu Sentral shopping centre in KL Sentral.

1 Sentrum is a ‘Grade A’ office tower that is designed in accordance with US Green Building Council’s Leadership in Energy and Environmental Design (LEED) and the Malaysia Green Building Index (GBI) requirements.

1 Sentrum was jointly developed by Malaysian Resources Corporation Berhad (MRCB) and the building owner Pelaburan Hartanah Berhad (PHB), which is a wholly-owned subsidiary of Yayasan Amanah Hartanah Bumiputera. The building was completed in 2013.

Other multinational office tenants at 1 Sentrum are Jones Lang LaSalle, Agoda International and Novo Nordisk. Rental rates at 1 Sentrum is believed to be hovering around RM7.00 to RM8.00 per square feet.

It was not too long ago in August 2013 that Google Malaysia relocated from Menara Citibank to KL Sentral. The company had occupied 10,000 square feet of office space on Level 20 of the Quill 7 building in KL Sentral.

At Quill 7, Google Malaysia’s office was often called “cool”. It was one of the coolest office in town with a unique themed playground, cafeteria and amphitheatre concept.

Like Google’s other global offices, the entire space is open and connected, meant to foster collaboration among employees.

As quirky as one would imagine. The Kuala Lumpur office has plants sprout from the walls and ceiling, while bright decor made the office like a technicolor jungle. There is a boardroom that looks like a cave, complete with stalactites.

Its Gerai Gugel café is beautifully decorated like a tropical forest with playground swing chairs and colourfully upholstered kopitiam chairs. Next to the café is a mini amphitheatre with cushions for presentations, and a screen which shows what is trending real-time in terms of worldwide searches.

Staff members work from workstations whose 120-degree configuration ensures that each individual either faces or sits beside their fellow team members.

We convincingly bet that Google’s cool open office and work culture will continue with the upcoming, new office at 1 Sentrum.

Google first opened a sales and marketing office in Malaysia in January 2011, its second country in the region after opening in Singapore in 2007.

Opening in Malaysia was seen as a strategic step for Google to increase its ad sales and market share in Southeast Asia. Modestly, Google operated like a local technology startup at that time, operating from a one-room windowless office at KLCC.

Malaysian Vision Valley’s 400ha park planned to be like the ones in London, New York and Paris Registration

The 400ha park will form an integral part of the Malaysian Vision Valley (MVV), a 108,000ha multi-billion ringgit project, which will be carried out over the next 30 years.

Mentri Besar Datuk Seri Mohamad Hasan said the Central Park would be similar to the ones in the famous cities where people would be able to mingle, exercise and even carry out recreational activities.

“It will be a green lung where people can go for their walks or to just enjoy the outdoor environment,” he told reporters after chairing the state exco meeting.

Mohamad said that despite having the Central Park, developers would still be required to reserve space for smaller parks in their projects. Citing an example, he said in a 40ha development, a 4ha space must be alloted for recreational parks and another 4ha to build amenities.

However, Mohamad refused to divulge where in the MVV the Central Park would be located. As reported earlier, the MVV will straddle the Seremban, Port Dickson and Nilai districts.

Mohamad said he would also brief Prime Minister Datuk Seri Najib Razak Tun Razak on the private sector-driven MVV on July 10.

The MVV will be a massive development project which will among others have its own commuter and tram services, education and industrial and sports clusters.

“We are planning a city which will rival Kuala Lumpur and be a more attractive place to live and work in,” he said adding that multi-national companies will also be encouraged to set up operations here as they would be able to build their R&D and campus facilities in the same place.

– News source: The Star Property, 2 July 2015

Bukit Kiara Properties to sell prime parcel on Jalan Tun Razak Registration

The property developer, known for developments such as VERVE Suites and Hijauan Kiara, both in the Mont Kiara enclave, had originally planned to develop luxury serviced apartments known as VERVE Suites @ KLCC on the 39,354 sq ft parcel.

However, BKP has now decided to sell the land — situated between the Auto Bavaria showroom and the headquarters of Weststar Maxus Distributors Sdn Bhd — and use the proceeds to diversify its portfolio into suburban areas within Greater Kuala Lumpur.

Last week, real estate firm Savills (M) Sdn Bhd (Savills Malaysia), which was appointed by BKP as the exclusive agent to conduct the sale, placed an advertisement in The Edge Malaysia business weekly inviting interested buyers to submit bids for the asset.

The parcel belongs to Pristine Springs Sdn Bhd, which is a subsidiary of Al Batha Bukit Kiara Holdings Sdn Bhd, the parent company of BKP.

“The land is 0.9 acres. It is a freehold parcel with an approved commercial title and a plot ratio of 9.2,” BKP chief operating officer L K Fan tells The Edge.

Although he did not say at what price BKP is hoping to close the deal, he indicated that the developer has based the sale price on the land being immediately ready for development as the necessary approvals have been obtained, as well as recent transactions of comparable parcels in the vicinity.

“Some of the notable transactions of smaller sites in the vicinity include the German Embassy parcel in Jalan Tun Razak (1.87 acres @ RM3,188 per sq ft), the Tropicana land in Jalan Bukit Bintang (3.18 acres @ RM3,280 psf), the Oxley Holdings land in Jalan Ampang (3.2 acres @ RM3,300 psf) and the former Conlay Club land bought by KSK Group in Jalan Conlay (3.65 acres @ RM3,573 psf),” Fan points out.

Malaysian Resources Corp Bhd won a bid to purchase the German Embassy parcel in Jalan Kia Peng, near the Petronas Twin Towers, for RM259.15 million two months ago. A year ago, Tropicana Corp Bhd sold eight contiguous parcels in Bukit Bintang to Offshore Triangle Sdn Bhd for RM448.4 million.

Based on a conservative price of RM3,000 psf, which is the lower end of the transacted price range, the 39,354 sq ft parcel may be sold for some RM120 million.

According to information made available to The Edge Malaysia, Pristine Springs bought the parcel in 2007 for RM26.76 million or RM680 psf from Glorious Reflection Sdn Bhd. If BKP manages to sell the land at RM3,000 psf, it is likely to make a handsome gain.

Meanwhile, Nabeel Hussain, associate director of Savills Malaysia, says the real estate agent has already issued 15 tender forms to interested parties, both local and foreign, over the past two weeks.

He adds that the site can be distinguished from the other parcels nearby as it has a higher plot ratio of 9.2 compared with plot ratios of between six and seven in the vicinity.

As the development order (DO) and building plan (BP) have been approved, the buyer will not incur additional costs such as development charges or fees related to the approvals. “The buyer would be able to save 9 to 12 months of approval time,” says Nabeel.

He points out that this would be an attractive proposition, particularly to foreign investors given the recent weakening of the ringgit.

Submissions for the tender close next Friday on 10 July at 12 noon.

– News source: theedgeproperty.com, 1 July 2015