Seremban Sentral. Property Investment Data Oregeon Property Consultancy

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Nickolas Rich
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Property Investment Data Oregeon Property Consultancy Sentral With big development plans in the works, is set to maximise the potential of its proximity to the Klang Valley.

2 Property Investment Data Oregeon Property Consultancy Sentral With big development plans in the works, is set to maximise the potential of its proximity to the Klang Valley. The district of consists of a total of eight sub-districts, with a total size of approximately 9,000 hectares. Within its eight sub-districts, Town and have a total hectare of approximately,00, with a total population of approximately (Department of Statistics, Malaysia, ). Governed under the Municipal Council, Sentral acts as one of the oldest schemes in the District, and is the administrative centre of Negeri Sembilan. Located in the middle of the remaining seven sub-districts, it encompasses about, hectares. Existing developments in the township are a mix of residential and commercial properties, with most houses, shops and offices being low-rise. The township is good enough to call itself a self-sustained city, whereby it is well-equipped with facilities such as hotels, hypermarkets, commercial hubs, hospitals and various points of interest such as the Palm Mall, Prima Mall, Centre Point, Angsana, Empayar Siew Pow and more. Highways and major roads connecting to other districts or states are the North South Highway, Lebuhraya Kajang (LEKAS), Kuala Pilah, Lebuhraya Port Dickson, Tampin, Sg Ujong, Mantin, Labu, Jelebu and more. Currently, the KTM rail service is its only comprehensive public transportation system. However Terminal One also serves buses travelling to other states as well as the KLIA and KLIA, which are both located not too far away. The proposed High-Speed Rail (HSR) link between Kuala Lumpur and Singapore is expected to make travelling to and from much more convenient, as one of the planned stops between KL and Singapore is expected to be placed in. The train, that is estimated to be able to carry up to 9,000 passengers daily by its 0th year of operation, is targeted for completion in 00 and will travel from KL to Singapore in. hours.

The recorded transaction prices of selected schemes within Sentral, as at July 0, are as below:- DOUBLE-STOREY TERRACED HOUSES SINGLE-STOREY TERRACED HOUSES Bidara,9 Nyior Permai Permai Permai

0,000,000,000,000 00,000 Bkt Chedang Desa Saga,0,0 8,000 9,900 0 9,000 0,000,00,00,000,000,000 0,000 0,000 0,000 9,000,000,000 8,000 0,000,000 8,0 8 8,000 0,000 8 0,000 9,000 Dusun Setia 80,000 0,000

3 The recorded transaction prices of selected schemes within Sentral, as at July 0, are as below:- DOUBLE-STOREY TERRACED HOUSES SINGLE-STOREY TERRACED HOUSES Bidara,9 Nyior Permai Permai Permai Impiana Temiang,8,098,9,9,00,,9 9,000,000 0,000 9, ,000 8,800,000 0,000 0,000 8,000 0,000 9,900 09, ,900 9, ,000,800 Bkt Chedang Bidara 8,000 0,000 0,000 8,000 0,000 00, ,000 0,000,000,000,000 00,000 Bkt Chedang Desa Saga,0,0 8,000 9, ,000 0,000,00,00,000,000,000 0,000 0,000 0,000 9,000,000,000 8,000 0,000,000 8,0 8 8,000 0, ,000 9,000 Dusun Setia 80,000 0,000 0, ,000,000 0,000,000,000 0,000 9,000 0,000,00 0,000,00, ,000,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000,80 9 0,000 00,000 0, ,000,000 Oakland,9 0,000 0,000 0, ,000 0,000 Amount of Transacted Units (Terraced Houses)

8,000 0,000 0,000 0,000 0,000 0,000 0,000 00,000 0,000 0,000 0,000 0,000 0 00,000,000,000 00,000 00,000 0,000 9 0,000 0,000 0 0,000 0,000 0,000,000 00,000 0,000 0,000,000 0 Dataran Central,0,0 /

4 PROPERTY INVESTMENT DATA Oregeon Property Consultancy THREE-STOREY SHOP-OFFICES DOUBLE-STOREY SHOP-OFFICES Dato Bandar Tunggal,000,00 Sg. Ujung Temiang Tuanku Antah Tun Dr Ismail,8,,,980,00,000,00,000,0,000 00,000 00,000, ,000 0, ,000 0, , ,000 0, ,000 0,000 0,000 0,000 0, ,800 9,800,000 8,000 8,000 8,000 0,000 0,000 0,000 0,000 0,000 0,000 00,000 0,000 0,000 0,000 0, ,000,000,000 00,000 00,000 0, ,000 0, ,000 0,000 0,000,000 00,000 0,000 0,000,000 0 Dataran Central,0,0 / Tampin Toman Tuanku Munawir Tun Dr Ismail,0,,,00,9,00,0,00,0,000 8,00 8,00 0,000 0, ,000 0,000,000,000 0,000 0,000 00,000 00,000 00,000 0,000 8,000 8,000 0,000 0,000 0,000 0,000 8,000 0, ,000 00,000 0,000 0,000, 8 8,0,000,000, ,000 0,000,00,000,00,000 0,000 0,000 0,000 0,000 8,000,000 Amount of Transacted Units (Shop-Oﬃces) The transacted prices for the residential and commercial properties in Sentral have generally been inconsistent, which is possibly due to the existing, aged properties that are going through renovation, refurbishment and maintenance. It is noted that in, terraced houses recorded the most active transactions but as as July 0, only 0 units were transacted from the selected kind of property from selected schemes. On the other hand, shop-offices recorded its most active transactions in but just like terraced houses, July 0 recorded a low-rate of transactions at units. Possibly due to the change of lifestyle and tilting towards new properties that offer new features and design, schemes in both and the Klang Valley experienced similar circumstances. Safety, quality of life and the elimination of aged properties are also possible factors.

Some of the notable on-going developments in Sentral are as follows:- PROJECT DEVELOPER TYPE Oasis Business Centre GCPG Holdings Sdn Bhd units of and -storey shop lots Era Walk Kasuka Sdn Bhd

terraced houses Menara MAINS Mains Holdings Sdn Bhd -storey headquarters Forest Heights Gao Feng Yuan Sunrise MCL Land Sdn Bhd Shining Crest Sdn Bhd units of one to two-storey bungalows and 0 units

5 Some of the notable on-going developments in Sentral are as follows:- PROJECT DEVELOPER TYPE Oasis Business Centre GCPG Holdings Sdn Bhd units of and -storey shop lots Era Walk Kasuka Sdn Bhd Commercial complex consisting of lots of -storey shops, lots of -storey shop-offices and lot of -storey central, comprising -storey shops and storey offices Chemara Hills Sime Darby units of -storey terraced houses Menara MAINS Mains Holdings Sdn Bhd -storey headquarters Forest Heights Gao Feng Yuan Sunrise MCL Land Sdn Bhd Shining Crest Sdn Bhd units of one to two-storey bungalows and 0 units of single and double-storey terraced house 0 units of -storey bungalows (some with swimming pool) Kota Emerald Fasa J, K & L Kota Selatan Indah Sdn Bhd units of -storey terraced houses Rawang Commercial Area Pura Development Sdn Hong Bee Land 9 units of shop-offices and storeys of commercial space Height control is the tool utilised by the local authority to shape the fabric of a city, helping make it neat and attractive. SentralÕs skylines are restricted in terms of building height to ensure that the great views are unblocked. It also helps in density control. This results in the low visibility of any high-rise buildings within the city. Many of the younger generation opt to move to larger cities like the Klang Valley to seek better job opportunities and pay and as a result, the slower pace of and mentality of the locals have caused hesitation amongst developers in developing high-rise properties. To locals, fancy gadgets and skyscrapers are not desirable, thus most of dwellings are landed properties and not high-rise developments. Even on-going projects, with the exception of Menara MAINS and the -room hotel taken over by Lu Strong Development after its abandonment, are mostly low-rise developments. The prices for new products have not been easy on buyers either, with the best example being the double-storey terraced houses in Chemara Hills. The homes are being sold at RM9,000 and more, when recorded transaction over the last few years have been below RM00,000. The government has also put in a lot of effort to realise the affordable housing scheme, with a total area of 0. acres located in Town. It is open for registration. The development, in Sentral, will be done simultaneously with the revamp of the existing KTM station, which will turn some acres of the surrounding areas into an integrated hub for transportation, residential, commercial and retail activity. In the meantime the PRMA houses in Utara Ð 8. acres located around Persiaran Desa Temiang Ð is due to be launched soon. A rather established scheme, SentralÕs buildings already occupy a very large portion of the available land. Despite that, the cityõs height restrictions will maintain its vibrancy and neatness. What can be expected for Central as the business and administrative capital of Negeri Sembilan is the spillover effects of upcoming neighbouring townships such as and Bandar Sri Sendayan. These fastgrowing townships, along with the HSR operations, will give new concepts, designs, products and facades. It will be interesting to watch SentralÕs future. Oregeon Property Consultancy Sdn Bhd SR WONG WEN CHET B. Bus (Prop). MRICS, MISM, MPEPS, MMIPPM Sr Wong Wen Chet is the Managing Director of Oregeon Property Consultancy Sdn Bhd. He is a Registered Valuer & Registered Estate Agent recognized by Board of Valuers, Appraisers and Estate Agents and has been in real estate industry for more than 0 years. He is also Committee Member of REHDA Youth under Real Estate and Housing DevelopersÕ Association Malaysia (REHDA). SR KOK CHIN YEE B. (Hons). Estate Management. MISM, MPEPS, MMIPPM Sr Kok Chin Yee is the Director of Oregeon Property Consultancy Sdn Bhd. He is a Registered Valuer & Registered Estate Agent recognized by Board of Valuers, Appraisers and Estate Agents. He has more than 8 years of professional real estate experience mainly in valuation of residential and commercial properties for retail and corporate clients. He is the award winner of the Ôout-standing writer on property and construction 0Õ by Royal Institute of Surveyors Malaysia. DISCLAIMER Since the asking prices and project status various from time to time, we do not guarantee the validity of the information found here. The analysis and the article written was based on information available and was then further modified and analysed by. We bear no losses or legal liability caused by the information given.

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