BRDB to focus on landed residential development

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KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) is focusing on more landed residential developments in the future. This was announced at BRDB’s Senja show homes launch on Wednesday. The RM900 million Senja is BRDB’s second landed residential development after Bangsar Hill. Senja will be officially launched in November.

“I think more people now prefer landed, gated and guarded. The trade-off is that if they stay further away, they can buy a bigger and better house for the same amount of money. I also think that these days, with the proper infrastructure, people can accept anything within a radius of a 45-minute to an hour’s drive, which is why you can see developments spreading to Kajang, Semenyih, Puchong and Cyberjaya,” said director of operations Low Kim Seng.

The company has to constantly replenish its land bank, he said, noting that priority will be given to the Klang Valley region, while the company is also looking at Penang.

Senja is a 47-acre (19ha) stratified landed residential development situated within the Bluwater Estate in Seri Kembangan, Selangor. The low-density, gated development offers 278 units of 3-storey residences that comprise terraced houses, semi-dees, and bungalows. The built-ups of the terraced houses start from 3,250 sq ft, semi-dees from 4,380 sq ft, and bungalows from 4,679 sq ft.

Prices range from RM1.9 million for terraced houses, RM2.9 million for semi-dees and RM3.3 million for bungalows. The monthly maintenance fee is estimated at RM580 for the terraced units, RM850 for semi-dees and RM1,000 for bungalows.

According to Low, Senja is a landscape-driven development and boasts a three-acre lake and seven pocket parks, and is also aiming to be Green Building Index-certified.

Facilities at Senja will include a 25,000 sq ft clubhouse, which houses a swimming pool, wading pool, gymnasium, lounge, library, games room, children’s play area, tennis court, basketball court and sauna. Amenities in the area include the Mines Shopping Mall as well as educational institutions such as the Australian International School Malaysia, Multimedia University and LimKokWing University of Creative Technology. The site is accessible via main highways like Kesas, MRR2, North-South Expressway, Sungai Besi Highway and Silk.

Low also revealed two upcoming and yet-to-be-named landed residential projects in Rawang and Sungai Long. The Rawang project has an estimated gross development value (GDV) of around RM2 billion and is to be launched by year-end, while the Sungai Long development, with an estimated GDV of around RM700 million, is set for launching next year.

This article first appeared in The Edge Financial Daily, on October 31, 2014.