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Discussion Starter · #2 ·


Five Stones finally available for viewing. Was there this morning, about 10-15 units taken/booked (from my SA's list). Some did give cheque this morning to secure units. The low-rise villa, I think all taken except for one. These villa if remember correctly above 1 million!

5 blocks
A - 38 storeys, 4 units per floor (booking open only up til 20th floor)
B - 4 storeys, 2 units per floor (private lift lobby)
C - 15 storeys, 2 units per floor (private lift lobby)
D - 25 storeys (launch 1 year later)
E - 37 storeys (launch 1 year later).

Prices start at 800k for 1800sf. Early bird discount 2%



Will post the layouts later!! I'm loving the extremely long 25-feet balcony for all units! 20trees had the same for their apartment too. I think Bangsar South 2000sf unit also similar
 

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yesterday passed by the showroom...cars were park all over the place and the showroom was full with people. I think due to this they might have to launch 2nd phase..if they ever happen to have more land around the area.
 

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http://farm4.static.flickr.com/3267/3771057738

[QUOTE="rizalhakim, post: 40510518, member: 154636"][img]http://farm4.static.flickr.com/3483/3770275619_3ee2569e14_o.jpg
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On Aug 14, Selangor Dredging Bhd (SDB) will be launching what will be Petaling Jaya’s most pricey condominium project in SS2/72. It will be SDB’s branding vehicle.

The last time they had an outing there, it was with Ameera in 2007, which had prices starting from RM380,000 onwards. Although it is building Ameera which will be ready next year, that project is a legacy from Luxor group, the previous land owner.

With this second project, known as Five Stones, SDB managing director Teh Lip Kim has a clean slate to put down her mark. It will be different from Ameera in terms of ambience and landscaping with lots of open space.

The 185-unit freehold project comprises three low, medium and high-rise blocks with prices starting from RM800,000 onwards, a jump of about RM500,000 from its Ameera launch.

Size ranges between 1,700 sq ft and 2,400 sq ft while Ameera comes in smaller packages.

http://thestar.com.my/news/story.asp?file=/2009/8/8/business/4473195&sec=business
5stones



5 blocks
A - 38 storeys, 4 units per floor (booking open only up til 20th floor)
B - 4 storeys, 2 units per floor (private lift lobby)
C - 15 storeys, 2 units per floor (private lift lobby)
D - 25 storeys (launch 1 year later)
E - 37 storeys (launch 1 year later).

Prices start at 800k for 1800sf. Early bird discount 2%..
5stones

Villa
88 units
rm907k - 4.35m

Condo
289 units
rm898k - 2.8m

bumi discount - 7%

xpected completion - dec 2012
....
 

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Stones to set new standards in condominium living
By THEAN LEE CHENG


THOSE looking to buy a condominium or service apartment around Petaling Jaya maybe hard pressed in the next several months ... or maybe not.

For those looking for something exclusive, property developer Selangor Dredging Bhd will be launching the last two blocks of its Five Stones project in the first quarter of next year. Prices begin from RM490 per sq ft, compared with RM450 per sq ft when the five-block project was first launched in August.

The first phase, which comprises a 38-storey block, a four-storey block and a 15-storey block, is today 90% sold. The entire project will have 377 units.


Its managing director Teh Lip Kim says the two blocks will have a total of 192 units with built-up of 2,000 sq ft in Block E (36-storey high) and 2,900 sq ft in Block D (25-storey).

Teh says the company will have a private launch before Chinese New Year next year, which falls in February.


The 25-storey villa block will differ slightly from the previous launch. It will have a lanai and a broad passage – what Teh calls a breezeway – between the entrance and the living area.

“The old traditional houses have very good cross ventilation and we are going to incorporate this. Besides these two extra features, in terms of design, the unit remains about the same,” she says.

She says Five Stones will be setting a new benchmark for condominiums in Petaling Jaya.

“Most of the developments come with a pool and some facilities. With Five Stones, there is a one-acre park, a pool, basketball and badminton courts. Residents will be able to enjoy the facilities and the park without having to leave the safety and security of the community,” she says.

The company is also offering a 10/90 scheme where buyers pay 10% and the stamp duty for the loan documentation subject to bank approval. Installment begins three years later for the remaining 90%. The interest has already been factored into the price of the unit. Those who are paying cash will have a 3% rebate, she says. When the project was first launched, its smallest unit, at 1,700sq ft, was sold for about RM800,000.

Selangor Dredging also developed Ameera, which is situated next to Five Stones. Ameera was launched three years ago at RM290 per sq ft. That project is now 100% sold, with the last unit going at RM410 per sq ft.

“SS2 is undervalued when compared with Mont’Kiara, Kuala Lumpur, and Bandar Utama in Petaling Jaya. SS2 is an established area and very central, like Mont’Kiara,” she says.

S.K. Brothers Realty (M) Sdn Bhd general manager Chan Ai Cheng says RM490 per sq ft seems a bit steep but for those who want the location and a project of that category, they do not have much of a choice.

Says Chan: “If you want something new and in that location, that is the only thing at the moment. There are the Ken I, II and III developments, with the best being Ken II. Developers are improving their offerings. The company (Selangor Dredging) is essentially targeting families, the owner-occupier market, which is why the built-up is pretty large. Their audience are those who are already in the Petaling Jaya, or specifically in a double-storey landed unit in SS2, and who now wants the security of such an environment,” she says.

The SS2 market is different from the Damansara Perdana market, which is predominantly a tenant market, she says. There is also no gated and guarded projects in SS2, which appeals to home buyers today, she says.


Teh Lip Kim ... ‘Residents will be able to enjoy the facilities and the park without having to leave the safety and security of the community.’
“The main thing is access. On that same road, there is Ameera, Five Stones, Ken III and Jasmine Towers. There will also be a mall development there with double-storey housing on the other side of the road. This means residents in that area will have to go through housing area to get to their destination if congestion builds up,” says Chan.

Another source from a real estate agency says it is difficult to talk about pricing because the project has not been built. “There is nothing to compare it with at the moment but it will be high-density for that location once it is completed,” he says.

Besides Five Stones, other developments in that area include Casa Suites and The Tropics, both by Dijaya Corp Bhd. Casa Suites is already completed and a unit with a built-up of 675 sq ft is currently going for about RM330,000. There are units with built-up of nearly 700 sq ft and about 800 sq ft available. The larger units, however are priced close to RM400,000.

On a per square foot basis, this works out to more than RM450 per sq ft. When it was first launched, the units were priced at RM198,000 or RM280 per sq ft. Casa Suites is located in Damansara Intan, between Ken II and Tropicana Mall.

Alternatively, if buyers are not in a hurry, there is The Tropics, which is currently being constructed above Tropicana Mall. The project will be completed in the first quarter of next year. Like Casa Suites, the built-up of the units begin from about 600 sq ft.

Dijaya Corp will also be offering Casa Damansara 3 in the first quarter of next year. Casa Damansara 3 will comprise 200 units with a built-up of between 1,100 and 1,200 sq ft with three bedrooms. The project will be located behind Tropicana Mall. Prices have not been confirmed yet.
 

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Phase 2, about 180units with bigger size at around 2900sf, will open for sale sometime in Jan next year. Heard the price starting from RM510psf.

Phase 2 got 2 blocks: -

Block D (25-storey villas) - 50 units - sizes from 2900sf
This one very special one, got lanais and walkway. The balcony is not as wide as we've seen. 2 units per floor and private lift lobby

Block E (35-storey tower) - 142 units - sizes from 2000sf
Almost same design with the current tower block, with 4 units per floor, and no sharing of walls between units.

Indicative pricing is at about RM490psf. So prices start at Rm980,000 Am glad that the new phase is a variation of the current phase, at least there is some product differentiation, hence does not create much competition amongst the 2 phases. Good for the buyers!

If really got 80 people queuing up, then wah...SDB can goyang kaki liao
The new showroom will be ready by year end.
 

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SDB is doing the sales preview 4 block D & E and xpected to launch it in 1st Q 2010(i guess probably after CNY)...they cant wait anymore huh...coz dis is totally a hot project...almost 70% for block D already been booked...

Block D - 25 storey
Block E - 37 storey
 

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Discussion Starter · #16 ·
Not huge lah, it's only 2% off the purchase price. I guess SDB is smart to accelerate their sales by bringing forward the launching date, so that they can catch the current property sentiment ride. It seems that any product launched this day will receive very good sales!

Anyway, I really respect SDB for keep on improving their product, even if it's already sold. I received this update from them. More than glad to be their customer!

 

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I was browsing and hey, January 2010 - that's this month. SO I quickly checked and it seems its to be held on January 16th. Phew! Thank God I didn't miss it - again!

Based on the comments, 5 Stones seems to be a really good investment and I'm loving the balcony too - makes it feel like there's more space to move around. Maybe its just the illusion. LoL!

5 Stones here I come!
 

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Last two blocks of Five Stones launched
By Wong King Wai of theedgeproperty.com
Friday, 05 February 2010 14:47

PETALING JAYA: The latest launch of the remaining towers of Selangor Dredging Berhad’s (SDB) Five Stones condominium development in Petaling Jaya is seeing brisk sales.

At the launch of Block D & E on January 16 the 25-storey 50-unit Block D was 92% taken up while slightly more than half of the 36-storey, 142-unit Block E was sold, said the developer.

SDB priced the units from RM1 million or about RM500 psf. The built-up of units in Block D ranges from 2,909 sq ft to 5,183 sq ft, while Block E units range between 2,024 sq ft and 4,741 sq ft. The total gross sales value for both Block D and E is RM220 million.

The units all come with air-conditioning in the living, dining and master bedrooms, are fitted with designer kitchen cabinets and various appliances including a centralised water filter.

The launch of the first three towers, Block A, B and C, was in August 2009 with a gross sales value of RM185 million. About 90% of the 147 units at the 38-storey Block A have been taken up whereas Block B and C are both sold out. Block B stands at 4-storeys with a total of eight units and Block C stands at 15-storeys with 30 units.

The design of the entire 4.9-acre freehold development features plenty of greenery and areas where the young and old can mingle. There are numerous walking paths and a clubhouse for residents.
 
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