Garden Heights, Citywoods, Seasons Garden

Garden Heights Rawang

Image source: bandartasikputeri.com.my

Garden Heights, Bandar Tasik Puteri

The final (fifth) phase of the Garden Heights project in Bandar Tasik Puteri, Rawang has been launched by its developer, the Low Yat Group. Valued in total at some RM50 million, this phase comprises of 82 units of double storey terraced homes with prices from RM521,000 onwards. These units have built-up areas from 2,214 sq ft onwards with sizes measuring 20 ft by 75 ft.

Garden Heights RawangThis phase also marks one of the last few landed properties available in Bandar Tasik Puteri along with the upcoming Seiring and Acacia projects.

The Bandar Tasik Puteri township is Low Yat’s major development in Rawang, with areas spanning over 2,670 acres of leasehold land. There are both residential and commercial components in the form of condominiums, shop lots as well as landed properties. There is also a Central Park which spans 33 acres in the middle of the township as well as a country club hosting a 27-hole golf course. Bandar Tasik Puteri is expected to be completely built out by 2028.

What We Think: With projects slowing down in central KL and PJ locations, we expect “fringe” townships like Rawang to pick up in momentum. Bandar Tasik Puteri seems to be a well planned township with complete amenities and a golf club to boot; its accessibility was a concern until the development of the Bandar Tasik Puteri Interchange off the LATAR highway. Worth a look especially given its price which is quite competitive at this stage.

Citywoods

Citywoods Johor Bharu

Source: huayang.com.my

Hua Yang (Symphony Heights, One South, Sentrio Suites) has launched Citywoods in Johor Bharu, a freehold condominium project which sits on a freehold land of more than two acres. This project offers some 417 units housed on two blocks of 19 storeys in height.

citywoods-logoThis condominium project offers three types of layouts: A (764 sq ft), B (958 sq ft) and C ((1,249 sq ft). Owners of type A units will get one car park each, while type B and C owners are entitled to two car parks. Prices are from RM428,000 onwards.

Amenities include indoor and outdoor gyms, children play areas, jacuzzi, swimming pool, BBQ pits, game and Karaoke rooms as well as an audio visual room. Security is enhanced with digital locks for all units as well as video intercom facilities.

What We Think: Details on this project are still rather thin for now, but we did like its other similar projects ij Johor Bharu – Taman Pulai Indah and Taman Pulai Hijauan in particular. Hua Yang’s focus on affordable real estate is commendable, and could make good business sense as many property developers are now crowding towards the lower volume >RM1 million segment. RM500 PSF price point is sensible given the current glut in the greater JB and Iskandar region with slower take up rates amidst cooling demand levels.

Seasons Garden

Seasons Garden Residences

Source: seasonsgarden.my

SCP Group (Lido Residency Cheras, Damaisari Wangsa Melawati, Ashton Tower Kota Kinabalu) has launched its Seasons Garden Residences project in Wangsa Maju which has shown pretty good take up rates; at the time of writing, 85% of the units of its first two blocks of condominiums (Towers A and B) have been taken up as well as 50% of its newly launched Towers C and D. Seasons Garden is a leasehold project in Wangsa Maju valued at over RM800 million which also includes some 40 shop lots apart from the serviced apartments.

Seasons Garden Wangsa MajuThere are a lotal of 1,502 condominium units spread across four towers of 35 and 36 storeys in height. Towers A and B have some 666 units while Towers C and D house some 836 units. Selling prices start from RM394,000. Built up areas range from 770 sq ft to 900 sq ft.

Facilities include swimming and wading pools as well as gyms, yoga amenities as well as children’s playground. This residential project is accessible via the DUKE highway, the Middle Ring Road 2 as well as the Ampang-KL Elevated Highway.

What We Think: Prices around RM500 PSF are still reasonable given its location, and we can attribute the strong take up rates to this factor alone. However, the high density factor (1,500+ units) may be a turnoff to some. The small-ish sizes also mean that the tenants may be rather “transient” in nature. All in all, this seems to be a reasonable option for the first time buyer or young families.

About Khai Yin

When I am not writing for GoodPlace.my and helping my readers find properties though the DealMatcher service, I spend time doting on my three kids: Wenyi, Qinyi and Eian. My personal stuff, some published essays and contact details can be found at khaiyin.com

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