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The neighbourhood of Jalan Serambi in Bukit Jelutong, Shah Alam, is decidedly green with verdant landscaping and mature trees. Its network of roads encompasses Jalan Serambi U8/21 to U8/33. Its commercial centre is well known as the go-to place for cafés, restaurants, mini marts and amenities for its residents, who are often seen frequenting the location, especially during weekends. “Jalan Serambi comprises mainly terraced houses and a small commercial development known as D’Bayu in Jalan Serambi U8/21,” says Stanley Toh, LaurelCap Sdn Bhd executive director. Noteworthy eateries at D’Bayu include PappaRich, Mozer’s, Restoran Asam Pedas Serambi and Paddy Restaurant, alongside convenience stores such as 7-Eleven and 99 Speedmart. Decked in warm décor, One Serambi Café is popular among residents. It offers an array of local and Western dishes as well as desserts. ....
Last year was a tough one for almost all property sectors. According to data from the National Property Information Centre (Napic), in 1H2020, Malaysia’s property market transaction volume and value decreased 27.9% and 31.5% respectively compared with the previous year. While most property consultants believe there should be some recovery this year, it will depend on the Covid-19 vaccine as well as the performance of the job market and economy. Some consultants think there will be opportunities for investors in the auction market with foreclosures likely to increase, but others believe that owing to government intervention and the low interest rate environment, this might not be the case. On the other hand, this could be a golden opportunity for first-time homebuyers to purchase their dream home. However, as property is a long-term investment, the age-old advice of doing your homework and buying what you can afford continues to hold true. ....
PERMODALAN Nasional Bhd (PNB) has disposed of the 21-storey Menara MIDF in Jalan Raja Chulan, Kuala Lumpur, to Singapore-based JD Hospitality Sdn Bhd. Sources say the deal, which took more than 18 months to complete from the time the building was first put up for sale, was done at RM140 million or RM875 psf. The Edge has learnt that the new owner will retain the building as an office building but is likely to repurpose it as a hotel at a later stage. PNB’s wholly-owned subsidiary Malaysian Industrial Development Finance Bhd (MIDF), currently the sole tenant of the building, is scheduled to vacate the premises and relocate to Malaysia’s tallest tower PNB 118. Tenants are expected to begin moving into the building in the second half of 2022. ....
Located in the foothills of Bukit Cermin, the township of Putra Heights has held its own since it was first developed in 1999. Comprising mainly residential properties, it has gained in value and is giving other townships such as Puchong and Cyberjaya a run for their money. Enveloped by greenery, Putra Heights is bordered by Subang Jaya and USJ to the north and Bukit Lanchong to the south while the North-South Expressway Central Link (Elite Highway) cuts through the eastern part of the township. Landserve Sdn Bhd managing director Chen King Hoaw provides a bit of background information on the development. “Putra Heights, launched in 1999 by Sime UEP Properties, is a self-contained township with a total land area of 727ha (1,796 acres). It is also part of the city of Subang Jaya,” he says. ....