City&Country: Cover Story-- Property launches in 2011

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Bandar Saujana UtamaBandar Saujana Utama, Glomac’s flagship township that started in the mid-1990s, sits on a leasehold tract of 1,070 acres in Sungai Buloh, Selangor. The group targets three residential launches this year, the last in the township. “This township is at the tail end of its development,” says Glomac general manager Yap Soon Thai. “There are about 600 acres left to be developed.”
The GDV of Bandar Saujana Utama upon completion will be RM1.4 billion. The township will eventually consist of over 7,000 residential and commercial properties. Currently, about 6,000 properties have been handed over and the township has a population of roughly 30,000.
Yap believes that Bandar Saujana Utama’s success is due to its strategic location and affordable homes. The area is accessible via the Guthrie Corridor, the Batu Arang-Shah Alam Highway and the NKVE, with an average drive time of 30 minutes to and from areas such as Batu Caves, Mont’Kiara, Taman Tun Dr Ismail, Rawang and Shah Alam.
The new launches of 2 and 2½-storey terraced houses are targeted to start this month (see table).
“The township offers a variety of homes to cater for buyers with different budgets,” says Yap. It has public amenities such as banks, eateries, supermarkets and shops to cater for the large population. There is also the Saujana Utama clubhouse and equestrian club. The population of the town will increase when the main campus of Universiti Teknologi MARA (UiTM) is completed nearby, catering for about 50,000 students.

Saujana RawangStarted in 2006, Saujana Rawang is a smaller township that sits on 345 acres of leasehold land. The total GDV for the entire project is RM900 million and once completed, there will be 4,000 residential and commercial units here.
“Currently, 500 houses have been completed with a GDV of close to RM120 million and the population is on the rise as more homeowners are moving in,” says Yap.
This ongoing development will see three launches spread over the year, with two being of residential properties and one being of shopoffices. The first residential project is set to be launched in March.
The developer is spending RM1.2 million on landscaping in Saujana Rawang, providing more open spaces, greenery and outdoor amenities. There will be two man-made lakes — the 20-acre Saujana Lake and 10-acre Southern Lake — with jogging tracks around them.
“There will be commercial and residential developments around the lakes as well,” says Yap. The newer houses will also have several green features, such as rainwater harvesting facilities, the use of eco-friendly paint that reduces heat absorption and self-ventilating roofing.
“Saujana Rawang will be one of the main profit contributors to the group,” Yap says.
The improving infrastructure of the development and its strategic location are its main selling points. Yap says the drive to the township is about 30 minutes from the Jalan Duta toll via the North-South Expressway. Those coming from Shah Alam or Klang will do so via the Guthrie Corridor and a toll-free road from Selayang-Templer park to Rawang town.
Glomac Damansara Glomac Damansara, which fronts Jalan Damansara, is located in the vicinity of Damansara Kim, Taman Tun Dr Ismail and Bandar Utama. This five-phase mixed-use development, which features commercial, office and residential properties, sits on 6.83 acres of freehold land and has a total GDV of RM868 million.
According to Puteri Sayang Abdul Ghafar, senior sales and marketing manager for non-township projects, Glomac Damansara will be launching two projects here — Phase 3,a boutique mall and Phase 4 serviced apartments.
The 3-storey boutique mall will have a total net lettable area of over 180,000 sq ft and take up 1.29 acres. The mall will be divided into 84 retail lots, a supermarket lot, an exhibition area and a yet to be designated space. The GDV for this project is RM180 million.
The size of the retail lots ranges from 775 to 3,078 sq ft. The indicative selling price of the lots on the ground floor starts at RM1,200 psf and at RM800 psf for the first floor and RM650 psf for the second floor.
The management prefers a high-end tenant for the supermarket lot, which has a NLA of 28,000 sq ft. According to Puteri, the group has not decided whether to lease the space or sell it.
Additionally, she says, there are open spaces in the mall for small kiosks. These will be leased out for recurring income. Rental rates have yet to be set.
The two-tower 26-storey serviced apartment here, called Glomac Damansara Residences, was soft-launched on Feb 19. It sits on 1.59 acres and consists of 306 units (152 per tower). Prices start at RM613,560 or RM600 psf. Sizes range from 1,022 to 2,475 sq ft. “At the moment, buyers are keen on the smaller units for investment,” Puteri says. The GDV of this project is RM284 million.
Glomac Damansara’s Phase 1 features 5 and 8-storey shopoffices (all sold) and a 16-storey office block (open for en bloc sale). Phase 2, a 25-storey office tower, has been sold en bloc to Lembaga Tabung Haji. Phase 5 is a 17-storey office block, targeted for launch in 2013 but subject to change, the developer says.  

Glomac MutiaraServiced apartment Glomac Mutiara is located in the popular shopping and office enclave of Mutiara Damansara. This development sits on commercial freehold land of 2.657 acres and is a short walk from The Curve and Tesco. Its tentative launch date is May this year.
Once built, Glomac Mutiara will contain 200 units in a 35-storey tower. Puteri says the design of the units is being changed at the moment but sizes should start from 1,300 sq ft. The indicative selling price is RM650 psf while the GDV is RM245 million.
“The target market is upgraders and those from Mont’Kiara,” says Puteri. The project’s close proximity to amenities and a proposed MRT station at The Curve are some of its key selling points.

Suria ResidenSometime this month, Glomac is aiming to launch [email protected] Residen — an enclave of 16 semi-detached houses — in the 10.1-acre freehold Suria Residen gated development, which is situated on the periphery of the Hulu Langat forest reserve in Cheras. Only 15 minutes away from the Kuala Lumpur city centre, Suria Residen will eventually boast 56 units of semidees and two bungalows. So far, 42 semidees and the bungalows have been launched.
The 40ft by 80ft [email protected] Residen houses have a built-up of 3,480 sq ft. The indicative selling price is RM1.2 million and the units come with an auto-gate system, a house alarm with panic buttons in the bedrooms as well as a laminated glass skylight above the bathtub and tempered glass railing and metal louvred sunscreen in the master bedroom balcony.
The GDV of these 16 units is RM20 million. There is also a clubhouse/community hall with a gym and swimming pool.

This article appeared in City & Country, the property pullout of The Edge Malaysia, Issue 848, Mar 7-13, 2011