Yes, I know, yet another post on another SDB’s property in this blog. For a minute you’ll probably think that I’m paid for this but truth is, I wish I was! Anyway, I have been interested with this development since it was launched, thanks to the strong SDB branding.

Background
Ameera was initially a development called Park19 by Luxor Properties Sdn Bhd, the developer of Millennium Place in SS14. Park 19 was soft-launched early 2006 with prices from RM210psf . The proposed Park 19 was designed by BEP Akitek, one of the better firms in Malaysia whose projects include Ampersand Jln Kia Peng, Desa Parkcity, Kiaraville, Seni Mont Kiara, Zehn Bkt Pantai, to name a few. True to their standards, Park 19 was actually looked really good.

Coupled with an extremely attractive pricing, the development was rather well-received by many during it’s soft launch period. A booking fee of RM5000 was accept to reserve units. Luxor Properties, being  a new comer to the development scene, then had issues with VP of Millenium Place in addition to problems brewing within the company. After about 6 months of soft-launching this, early buyers who had paid a commitment fee got theirs refunded and was informed that the project had been sold to SDB and will be continued by them.

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Here’s the last set of the actual units of Ameera Residences that I have at the moment. A full write-up and my first impressions will be posted in just a bit!

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Here are some shots of the actual units to be delivered to Ameera Residences buyers. SDB is aiming to complete the units by end 2009, with CF probably first quarter of 2010. The progress looks good at the moment. More details to follow.

Many photos after the jump!

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When I first read about Selangor Dredging Berhad embarking on their bungalow project on a plot of steep hillslope in Damansara Heights, I  wondered how could they build anything on that steep plot of land. The green lung has been there for the longest time, and just like the residents in Medan Damansara, I was quite sure that nothing could be build on that hillslope. Hence when the news broke about this development, I was quite shocked. Even more surprising was to hear that SDB decided to build 25 units of 5-storey high bungalow units!

In today’s StarBizWeekend, there’s an article focused on SDB and in the article there is a rendering of the project, which I have been awaiting as I was curious to see how this development would look like.Looking at how it’s being laid out, I sort of understood how this could work. By terracing the hill to create a flat platform, you could site these bungalows according to the hill slope. I’m hoping that SDB will ensure that every precaution that is to be taken, is taken.

Looking at the rendering, the project does turn out to be quite nice. Very modern looking indeed. Prices start at RM10m, and apparently there are units already taken up. Right. So any takers?

After several months of anticipation, Bank Negara Malaysia has cut key interest rate by 25 basis points, which means BLR may be adjusted as well. Many would seek refinancing now, but do take care of the clauses that may be introduced.

25-11-2008: BNM cuts OPR to 3.25%, SRR reduction a surprise
by Gan Yen Kuan
Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Bank Negara Malaysia (BNM) yesterday cut the key interest rate by 25 basis points (bps), the first rate adjustment since April 2006, and made a surprise 50bps slash to banks’ statutory reserve requirement (SRR), as the deteriorating global slowdown has started to affect domestic growth.

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