The slip road from Persiaran Surian to Bandar Utama has been open for quite some time now and since then we have been able to see the exact location of the main entrance of the fast under-construction 9 Bukit Utama. Many of the visitors to the site has been asking about the official launch date about this project as the building pace is picking up by the day.
Unfortunately the project is still not being launched just yet, which I believe is wise of developer to do so when the market is now much softer compared to say a year ago. I suspect the project will be launched perhaps much nearer completion in time for the market to pick up. I’m surprise that many people are still interested with this development. We can use Bukit Utama condo and Sutramas Condo near Mont Kiara as a yardstick to see how the end product perhaps to be delivered. Please note that this mega development has a massive 900 units over 3 blocks, though location itself is a huge factor plus Freehold status. Will post more information once I do get hold of it. More photos after the jump.
This year’s The Edge’s Top Property Developers Awards have been announced and the top players in the industry are honoured last night. This year’s awards have been expanded to include non-listed property developers, besides companies listed in the property sector on both the Main and Second Boards of Bursa Malaysia, so this would be much more interesting as we would be able to see more developers in the ranking. Here’s the top 10, in alphabetical order: -
Bandar Raya Developments Bhd (Troika, CapSquare, One Menerung)
Bandar Utama City Corporation Sdn Bhd (Bandar Utama, One Utama)
Boustead Properties Bhd (Mutiara Damansara)
E&O Property Development Bhd (Dua Residency, Idamansara, Seri Tanjung Pinang)
IGB Corporation Bhd (Midvalley City, Hampshire Place, One Jelatek, Cendana)
IOI Properties Bhd (Bandar Puteri Puchong, IOI Mall)
Island & Peninsular Sdn Bhd (Seri Beringin Damansara)
S P Setia Bhd (Setia Eco Park, Setia Sky Residences)
Sunrise Bhd (MK10, MK11, Solaris MK)
Sunway City Bhd. (Sunway Vivaldi, Palazzio)
The full details of the ranking will be published in the Sept 1 issue of The Edge weekly. I can’t wait to read the special pullout. Am curious to see if SDB made it to the top 30.
KUALA LUMPUR: The country’s top 10 property developers were honoured at The Edge Malaysia Top Property Developers Awards 2008 here last night.The top 10 developers, in alphabetical order, are Bandar Raya Developments Bhd, Bandar Utama City Corporation Sdn Bhd, Boustead Properties Bhd, E&O Property Development Bhd, IGB Corporation Bhd, IOI Properties Bhd, Island & Peninsular Sdn Bhd, S P Setia Bhd, Sunrise Bhd and Sunway City Bhd.
Finally there are some concrete information on the ongoing development on the tract of land sitting atop of the golf course at The Club @ Bukit Utama. For many months now, the construction on the huge development has been ongoing and it’s going fast. Noticeably, if you are travelling through Persiaran Surian in Mutiara Damansara, the lower rise development is almost nearing completing while you can see 3 towers are rising fast at the background.
This specific development is actually 2 different developments, one being a new clubhouse being constructed, and the other, another condominium development called 9 Bukit Utama. The new clubhouse, Central Park Westlake, is a clubhouse with facilities such as a full Olympic-sized pool, multipurpose hall and squash courts, whereas the condo would actually be Phase 2 of the 1 Bukit Utama condominiums which were handed over back in 2005. This is part of Bandar Utama Development Sdn Bhd (BUDSB)’s massive 10 phases of condominium development. My guess is that there would be no more golf courses in the near future. Residents would still need to purchase membership to access the clubhouse.
I’m not crazy about the facade for 1 Bukit Utama, and upon finding out 9 Bukit Utama, the same thing can be said about the rendering for this new launch. For 9 Bukit Utama, most of the units is largely sized from 2200sf hence you can expect some bulky and blocky facade. And being true See Hoy Chan fashion, there would involve a lot of bricks and dated facade, and 9 Bukit Utama has all of it!
I managed to visit the sales office in Bandar Utama recently to enquire about the development. So far nothing is being publicised other than in Iproperty expo in KLCC recently. So I decided to check it out at their sales office in Bandar Utama. Stepping into the sales office, I thought I had entered a secondary school’s admin office. I’m not sure how the buyers can be confident in buying from a sales office like that, but then again, Bandar Utama is indeed a hot location, and units like their Megaria link houses were snapped up like hot cakes, proving that location is indeed the best selling point, regardless how much advert or branding a company puts in.
At the sales office, I managed to catch a few glimpse of the layouts. They are not regularly proportioned and many weird and arrowed angles, doesn’t seem to appeal to me at all. The facade surely didn’t help. The launch is expected to be next year, and completion in 2010.
Development name
9 Bukit Utama
Developer
Bandar Utama Development Sdn Bhd
Tenure of Land
Freehold
Land size
20 acres
Expected Completion Date
2010
Total of Units & Blocks
911 over 3 blocksSize from 2,200sf and above
Prices
GDV 700million, prices not available yet, launching next year
WITHOUT doubt, this will be a busy year for the See Hoy Chan Holdings Group with several projects in different sub-sectors of the property sector pending launch. One thing though has not changed – its founder and chief steward Datuk Teo Chiang Kok continues to remain hands on as far as the group’s operations are concerned.
Every once or twice a week, on a working day, he takes a 5km walk around the old and new wing of the 1 Utama mall by himself. (See Hoy Chan’s flagship development is Bandar Utama in Petaling Jaya)
