SHAH ALAM on fast-track growth

Shah Alam on fast-track growth
http://biz.thestar.com.my/news/story...6&sec=business

BY ANGIE NG
SHAH Alam is rapidly turning into one of the fastest growing corridors in the Klang Valley, with at least 15 property development projects on 6,500 to 7,000 acres currently underway.

Since it gained city status in 2000, the rate of growth in this western portion of the Klang Valley has been tremendous. By 2010, the whole area is expected to have over 700,000 households.

Property researcher Ho Chin Soon has identified this corridor as one of the hot spots for development and developers have started showing greater interest here about two years ago.

The opening of new linkages in the future, including the Guthrie Corridor Expressway (GCE) and a proposed new expressway, New North Klang Valley Expressway (NNKVE), as an extension to the Penchala Link, will further improve the accessibility of the area and enhance its robust growth.

The 25km-long Guthrie Corridor Expressway (GCE), which will connect Bukit Jelutong in Shah Alam to Kuang, near Rawang, is more than 70% complete and will complement the North-South Expressway and New Klang Valley Expressway.

The proposed NNKVE will serve Kota Damansara, Subang 2, Bandar Pinggiran Subang, Bukit Subang, Kayangan Heights and Shah Alam Two.

It would provide a faster and more direct way to Bandar Puncak Alam and adjacent developments, including the proposed new Universiti Teknologi Mara campus.

Among the major developments underway or planned for the corridor are Bandar Puncak Alam, which spans more than 14,000 acres; Setia Alam township on 2,500 acres near the Meru link of the New Klang Valley Expresssway and the adjacent Eco-Parks on 791 acres; Bukit Bandaraya Shah Alam on 300 acres and D'Kayangan on 163 acres.

Bandar Puncak Alam, an integrated self-contained township about 10 times the size of Subang Jaya, and its surrounding neighbourhood such as Batu Arang Batang Berjuntai has been designated by the Selangor state government as the new growth centre for the north-eastern region of Selangor.

The area has also been designated as the state's education town with more than 20 tertiary institutions to be set up. The first three universities planned for opening are Universiti Industri Selangor, a Malaysia-Japan Technical University and the 15th UiTM campus covering a 1,000-acre site, about 2km southeast of Shah Alam 2.

There are various developers undertaking development of Bandar Puncak Alam including Puncak Alam Housing Sdn Bhd, which is developing about 3,000 acres of mixed residential and commercial development in the area, and Econstates Bhd, which has been successful with its Shah Alam 2 on 1,093 acres.

According to Econstates Bhd managing director Datuk Soam Heng Choon, demand for houses in Puncak Alam is expected to increase tremendously with the improved road infrastructure to this corridor.

The completed Shah Alam-Puncak Alam Highway, the ongoing GCE, the upgraded and completed Sg Buloh dual carriageway, the Meru-Puncak Alam road, the proposed Assam Jawa (Latar) Highway and the proposed West Coast Highway will shorten travel time to Shah Alam, Petaling Jaya and Kuala Lumpur.

Soam said Shah Alam also provided a cheaper alternative for home buyers, especially those who prefer landed properties, as the price range of RM150,000 to RM200,000 was at least 30% cheaper than other parts of the Klang Valley.

“With more reputable developers involved in developing this area, Shah Alam will soon become another choice address for the Klang Valley folks.”

On Shah Alam 2, he said more than 400 of the 1,093 acres in the township had been developed and 1,424 property units worth RM218mil sold to date.

Upon the project's completion in the next six to seven years, it would have 4,000 units for a GDV (gross development value) of RM1.5bil. About 75% of the properties were affordable homes priced from RM160,000 to RM200,000 with built-up of between 1,300 sq ft and 1,800 sq ft.

''Shah Alam 2 is an innovative and well-planned township which emphasises on green areas, parks, shaded walkways and tree-lined landscaped streets. A range of facilities has been planned, complete with a landscaped town square,'' said Soam.

Kumpulan Lebar Daun managing director Norazmi Mohamed Nurdin said Bukit Bandaraya Shah Alam, located adjacent to the Setia Alam township, would have 3,300 units of double-storey terraced houses, semi-detached houses, apartments, townhouses and shop lots. The RM1bil project is expected to take another four years.

The project is undertaken by the group's property arm, Lebar Daun Development with Eco Asli Development Sdn Bhd, which has been awarded the privatised project by the Selangor state government.

Lebar Daun's other project is D'Kayangan on 163 acres on the former Batu Tiga Shah Alam racing track, featuring 1,323 units of medium-cost to upmarket homes comprising super-link double-storey terraces as well as quarter-detached and semi-detached units. There would also be 172 units of five-storey shop lots.

Norazmi said the project would bring in a GDV of RM1bil upon completion in 2008.

[baqthier]

More people for the city!
From The Star

SP Setia sees RM1b sales

BY P.W. THONG

SP SETIA Bhd is confident its total sales for the current year to Oct 31 will, for the first time, exceed RM1bil, up from RM821.7mil in the last financial year.

Group managing director and chief executive officer Datuk Seri Liew Kee Sin said SP Setia would get its extra revenue boost from more property sales at its flagship township project Bandar Setia Alam in Shah Alam, and Bandar Eco-Setia, next to Setia Alam.

Speaking after the company EGM in Kuala Lumpur yesterday, Liew said SP Setia had sold more than RM300mil worth of properties in Bandar Setia Alam since the project was launched a month ago.


Datuk Seri Liew Kee Sin
About 1,200 link-house units worth RM180mil and 200 shop office units worth RM120mil were sold within a month of the soft launch on March 12. The company sold another 150 link-houses during the official launch-cum-carnival at the project site on April 11.

?We had said the group was aiming for total sales of RM1bil this year. Based on the encouraging sales in Setia Alam so far, we are confident that total sales within the SP Setia group will definitely exceed RM1bil this year,'' Liew said.

He added that Bandar Eco-Setia, a joint-venture project between SP Setia, EPF and Great Eastern Life Assurance (M) Bhd, would be officially launched in June or July.

Liew expects Bandar Eco-Setia to receive equally good response. An initial 100 bungalow lots of between 6,000 and 8,000 sq ft would be offered for sale at RM55 per sq ft. This would be followed by the launching of semi-detached houses, priced from RM600,000 each and bungalows (from RM850,000 each) two months later.

Bandar Setia Alam, a 2,500-acre development project, will comprise mainly double-storey terrace houses, while the 791-acre Bandar Eco-Setia would house mainly semi-detached units and bungalows.

Upon completion in 15 years, Setia Alam would have 37,000 houses and other commercial components with a total gross development value (GDV) of RM5bil. The commercial precinct on 250 acres will be developed over the next five to 10 years.

Bandar Eco-Setia, meanwhile, will have a GDV of RM2.3bil, with development life spanning 10 years.

Liew also said SP Setia was not overly concerned with the current rise in building material costs, as the company would find ways and measures to keep its overall construction cost competitive.

[baqthier]

Flood Mitigation Project And New Toll-Free Shah Alam Expressway To Benefit The Rakyat In Selangor


Kumpulan Europlus Bhd (KEURO) secures two projects in Selangor Darul Ehsan

Kumpulan Europlus Bhd (KEURO), a Malaysian construction corporation, has secured two major infrastructure projects located in the state of Selangor Darul Ehsan.
In a statement to the Kuala Lumpur Stock Exchange (KLSE) today, KEURO provided the information on the two projects, involving the flood mitigation scheme and the second one being the toll-free Shah Alam - Shah Alam 2 (Berjuntai Bistari) Expressway.

THE FLOOD MITIGATION PROJECT:
The Flood Mitigation Project will form part of an overall scheme for flood mitigation and environmental improvement between the Klang River and Kuala Langat River and its environ. The project is to be undertaken by Macro-Diversified Sdn Bhd (Macro), a 70:30 joint-venture company formed between Radiant Pillar Sdn Bhd (Radiant) and Permodalan Negeri Selangor Bhd (PNSB), a company of the Selangor state government. Radiant is a 60 per cent owned subsidiary of KEURO.



This project involves the design and construction of a network of inter-connected canals, linking the Klang and the Kuala Langat Rivers, within the Kuala Langat district, in the Telok Panglima and Tanjung Duabelas mukims.


The project is expected to commence around March/April 2004, and is estimated to be completed within three years.



Expected cost for the Flood Mitigation Project, inclusive of construction costs, land acquisitions, management and professional fees, is approximately RM745 million. It is a major exercise undertaken by the Selangor state government, as part of the state?s socio-cum-environmental responsibility, to alleviate various areas within the Kuala Langat district from incessant flash floods.


The Kuala Langat River is one of the state?s prime water supply arteries and the government?s preventive measures to forestall river flooding and pollution is ongoing. The Flood Mitigation Project will have far-reaching and positive social and economic benefits for the residents in the state, who will certainly welcome this as a priority project.


Currently, a series of flood mitigation schemes is being undertaken in Kuala Lumpur. The Federal government has an overall comprehensive plan to accommodate the increased discharge of floodwaters into the various areas of Selangor. This Flood Mitigation Project is an additional plan to complement the government?s overall plan and to act as a further safety valve and measure, to ensure no mishaps whatsoever occuring in the flood-prone areas.


The payment for the Flood Mitigation Project will be via the alienation of 5,439 acres of land to PNSB, which has granted the power, rights and benefits to Macro in accordance to the joint-venture/shareholders agreement. This will help defray the cost of the project and not be a burden on the state budget.


This innovative means of financing falls in line with the Government?s recently announced aim not to rely on further budget deficits to defray costs for such projects. Future development projects expected to be carried out on the development land will in future contribute to state revenue derived from the collection of land assessments and quit rents.


From the above, it is clear that the Flood Mitigation Project stands to benefit both the state government as well as the Rakyat.

THE SHAH ALAM - SHAH ALAM 2(BERJUNTAI BISTARI) TOLL-FREE EXPRESSWAY:
The second project is a new toll-free expressway. It involves a total contract sum of RM315 million which includes the construction costs, land acquisitions, management and professional fees, of a new toll-free expressway, called the Shah Alam - Shah Alam 2 (Berjuntai Bistari) Expressway.

The project has been approved by the Selangor state government to Tiasa Ria Sdn Bhd (Tiasa), and the contract shall be awarded by Macro (the JV company undertaking the Flood Mitigation Project), as directed by the state government. Tiasa is a 70: 30 joint venture company owned by KEB Builders Sdn Bhd, a wholly-owned subsidiary of KEURO.
The Selangor state government has given approval for the design and construction of this 42-km toll-free expressway to be funded from proceeds earned from the Flood Mitigation Project. Hence, the construction of this expressway will not be a burden on the state budget.
This expressway will link the fast-expanding Shah Alam City to Shah Alam 2, as part of the Selangor state?s government plan for its residents to improve the roads within the area. This expressway will reduce travel time between the two cities to 25-30 minutes. The expressway will pave the way for the development of new areas along its corridor.
In turn, the people residing in the areas will be enjoying a toll-free expressway, and it is seen as complementing existing roads to help ease traffic congestions and improve traffic dispersements. Commencement for the expressway project is slated for the second quarter of 2004, with expected completion within two and a half (2 ½) years.
These two infrastructural projects will substantially increase KEURO?s order book and enhance its future earnings.

[baqthier]

From Malay Mail[28 July 2004 ]:

EON plans Rm30m hangar showroom in Shah Alam
Jose Barrock

EDARAN Otomobil Nasional Bhd (EON), Malaysia?s biggest car retailer, plans to invest as much as RM30 million to launch a hangar showroom specifically for premium Audi passenger cars, people familiar with the matter said yesterday.

The capital expenditure for the venture is being handled by Euromobil Sdn Bhd, a wholly-owned unit of EON.

Euromobil is the sole importer and distributor of Audi vehicles in Malaysia, having taken over the the reins from Tan Chong Motor Holdings Bhd in November last year.

Mail Money was told the bulk of the investment for the hangar showroom has been utilised and EON expects to launch the new showroom in Glenmarie, Shah Alam.

The car retailer may officially launch the showroom on Aug 11, but before that, the company plans to have a media briefing either on Aug 4 or 5.

Senior Euromobil executives confirmed the plan, but didn?t want to provide further details at this point of time, so as not to scupper its planned briefing.

The investment is understood to be part of EON?s plan to position itself as a super dealer for passenger and commercial vehicles.

Apart from selling Audi cars, the EON group also distributes and sells Chevrolet, the classic TD2000 and Proton cars.

It is estimated that as many as 100 Audi cars were sold in Malaysia last year, with EON targeting to double the sales this year, taking advantage of an expected 7 per cent expansion in Malaysia?s US$103 billion (US$1 = RM3.80) a year economy.

Audi cars are made by Germany?s Audi AG, which in turn is controlled by Volkswagen AG, Europe?s largest carmaker.

The entry level price for an Audi in Malaysia is RM248,400, while a high-end Audi could cost as much as RM1.3 million.

[baqthier]

Thursday September 30, 2004
Makro redesigns Shah Alam store

MAKRO Cash & Carry Distribution (M) Sdn Bhd has redesigned its store in Shah Alam to make shopping easier and more convenient for customers, especially the small- and medium-sized businesses.

And, supporting the new store concept, are well-trained employees with good product knowledge and customer service skills.

The 11-year-old Shah Alam outlet, Makro's first retail-wholesaler store in Malaysia, was relaunched yesterday by Ramli Mahmud, Datuk Bandar of Shah Alam.


Peter Boone
According to Makro managing director Pieter Boone, the new store concept would benefit suppliers, as its layout provided greater visibility for their merchandise as well as easier access to products by customers.

The concept was successfully introduced in Thailand last year.

Makro stores in Selayang, Cheras, Seremban, Johor Baru, Ipoh, Prai and Penang will also be redesigned.

Makro is owned by SHV Holdings and joint venture partners Li & Fung and Perbadanan Kemajuan Negri Selangor. It is targeted at small businesses and retailers, caterers and professionals in the service sector. It has eight stores nationwide and employs more than 1,000 people.

[sugizm]

yea, makro in penang need to redesign its stores, or else it will be beaten by the newly opened tesco.

[szehoong]

Originally Posted by sugizm

yea, makro in penang need to redesign its stores, or else it will be beaten by the newly opened tesco.

Tesco, Carrefour and Giant are alike and target the same customer group. Makro on the other hand targets at SMEs and SMIs rather than normal shoppers.......so I dun think Tesco is a threat to them

[sugizm]

Originally Posted by szehoong

Tesco, Carrefour and Giant are alike and target the same customer group. Makro on the other hand targets at SMEs and SMIs rather than normal shoppers.......so I dun think Tesco is a threat to them

wats SMEs and SMIs? other smaller distributors?

[szehoong]

Originally Posted by sugizm

wats SMEs and SMIs? other smaller distributors?

SMI - Small & Medium Industry

SME - Small & Medium Enterprises

.....so that includes kedai runcit.....companies which buy lotsa stuffs......etc etc....

[THT-United]

I have never even stepped into any Makro store before, ever! Unbelievable eh?

How does Makro look like inside? Just curious to know...

[nazrey]

cool bldgs in selangor
by alicson

[baqthier]

Shah Alam has a coll collection of skyscrapers..I wish it was more in a grid form lah

[nazrey]

NBC unveils high-end project in Shah Alam
Updated : 20-03-2006
Media : The Star
Story By : Loong Tse Min


KLANG-based property developer NBC Land Sdn Bhd will soon launch Jelutong Heights, a high-end semi-detached housing project in Shah Alam.

Group senior manager Bernard Chew said the total gross development value (GDV) would be RM120mil, and the launch was slated for June or July.

There will be 180 units on a 15-acre site located in the middle of Bukit Jelutong's bungalow residential district and bordering Bukit Cerakah forest reserve.

The project has already garnered registration from potential buyers for almost half of the available units.

The units come in four designs – the Acacia, the Begonia, the Cyprus and the Dahlia – and will have built-up areas of 3,200 sq ft to 4,000 sq ft.

It is a gated community with 24-hour security, and purchases come with complementary golf club memberships.

It is currently negotiating with golf resorts in the vicinity.

“Overlooking the Bukit Cerakah forest reserve, all but two rows of the houses will have unobstructed views of the natural surroundings,” Chew told StarBiz.

The units are priced between RM900,000 and RM1mil each.

'We are hoping to attract upmarket but value-oriented buyers and investors,” said Chew.

Comparable semi-detached properties in the Bukit Jelutong area are already fetching a value of RM1.3mil in the secondary market, he said.

Jelutung Heights units were priced favourably against comparable property offerings that can go up to RM1.6mil in the Bukit Jelutong area, said Chew.

The company promises completion in 24 months, with ground-breaking planned for June.

NBC, which was formed in 1970, has built various high-rise residential developments in the Klang Valley.

In 2001, the company developed the 165-acre Kota Pendamar township located along the Kesas Highway in Klang, comprising 5,000 mixed units.

According to Chew, an ongoing project for the company is the Taman Desiaran Malawati in Kuala Selangor.

With phases 1 and 2 fully sold-out, the project is now in its third and final phase, he said.

The project has a total GDV of RM52mil consisting single-storey and double-storey bungalow, semi-detached as well as linked houses.

According to marketing manager Phang Lee San, Phase 3 has just open for sale.

Phase 3 of Taman Desiaran Malawati was expected to have a GDV of RM20mil, she said.

[nazrey]

SHAH ALAM 2

[pedang]

Shah Alam Stadium - 81,000 seat

[kaseywoo]

Is the Shah Alam-Puncak Alam highway and the Shah Alam-Batu Arang highway referring to the same route?

[forrestcat]

I really like the new hoeses in the new parts of Shah Alam.

I visited a terrace house for a 'Hari Raya' party there and there are walking paths in front of the terrace houses, it's so nice. The area also have a lake and a park.

[Skyprince]

Since it gained city status in 2000, the rate of growth in this western portion of the Klang Valley has been tremendous. By 2010, the whole area is expected to have over 700,000 households.

This must be a joke yeaaa... 700000 households ???? The data from MBSA shows that Shah Alam has only 550 000 population last year ; of which only 15 percent live in the Town area while da rest reside in the Industrial zone across the Federal Highway.



And da land price is greeaat too. My house...sorry...my parent`s house ( 2 Storey Terrace 4 rooms + 3 bathrooms ) is only 170K. We have a large land area that enables us to grow tomato, coconut, and banana in the backyard. No rush, no traffic, slow-paced living.

[nazrey]

by Worldwide Holding Berhad
ALAMi Project, Shah Alam
A Place To Be Seen

WHB’s latest property offering known as ALAMi is set to inject vibrancy into Shah Alam city. ALAMi is a high-end commercial development covering 13.6 acres and comprising seven blocks of 3 and 5-storey shop offices and a 2-storey of showcase centre. The project is estimated to have a total GDV of RM100 million.

Strategically located on a choice piece of land fronting the Federal Highway, ALAMi promises to be a new commercial landmark for Shah Alam where people will associate it with lifestyle, business, innovation, quality and location. Whilst the area will boost the day-time working population, it is also expected to attract residents of Shah Alam and its neighbourhood as it offers a place-to-be-seen themed ambiance such as pedestrian friendly concept, a lifestyle centre, side-walk cafes and restaurants, outdoor activities and open performances.

The project will be launched in the third quarter of 2006. Direct access from the Federal Highway, which is still in the planning stage, will provide impetus to sales in this area.

[nazrey]

Artist Impression