Is Paramount - Kemuning Utama

KDN:PP14209/06/2011(029812)
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Paramount Property (Utara) Sdn Bhd made waves in the northern property scene with its award-winning riverside development, Bandar Laguna Merbok – the
first outside the Klang Valley to have won the prestigious FIABCI award. The developer has built more than 7,000 homes in Sungai Petani to date and is striving
to achieve greater heights of excellence through its latest development called Bukit Banyan.
Bukit Banyan, Sungai Petani’s first and only residential hilltop development, is located just 9km away from the Sungai Petani town centre and accessible via
the North-South Expressway and Eastern Bypass. The 520-acre mixed development highlights a dedicated Hill Park consisting of 8 thematic landscaped zones
with relaxing gardens and educational play areas spanning 25 acres. This hilltop haven boasts of extra-wide homes that feature contemporary architecture,
coupled with progressive and flexible layouts that flow with the natural landscape. The highly desirable North-South orientation offers optimum sunlight,
shade and cross-ventilation, while 24-hour guard patrols offer residents unprecedented security as the first gated and guarded development in Sungai Petani.
The highlight of
Bukit Banyan is a
25-acre dedicated
Hill Park that
consists of 8 thematic
landscaped zones.
(A Paramount Corporation Company)
2, Jalan Anggerik Vanilla R31/R,
Kota Kemuning, Section 31,
40460 Shah Alam, Selangor.
Tel: 03-5123 6000 Fax: 03-5123 6110
Email: info@ku.com.my
www.ku.com.my
Damai Residences - Phase 9D • Tenure of Land: Freehold • Developer Licence No.: 9202-18/10-2013/1229 • Validity Period: 28/10/2010 – 27/10/2013 • Advertising & Sales Permit No.: 9202-18/2575/2011(12) • Validity Period: 29/12/2010 –28/12/2011 • Approving Authority: Majlis Bandaraya Shah Alam
• Reference No.: MBSA/BGN/BB/600-1(PS)/SEK.32/0161-2010 • Land Encumbrances: Nil • Expected Date of Completion: 24 months from SPA date (Jan 2013) • Restriction in Interest: Nil • Property Type: Double Storey Terrace House • Lot Size: 22’ x 70’ • Built-up: 2,168 sq ft • No. of Units: 133 • Min.
Price: RM517,000 • Max. Price: RM1,137,500 • 7% Discount for Bumiputra. Damai Residences - Phase 9C • Tenure of Land: Freehold • Developer Licence No.: 9202-17/07-2013/820 • Validity Period: 22/07/2010–21/07/2013 • Advertising & Sales Permit No.: 9202-17/2226/2011(11) • Validity Period: 11/11/2010
–10/11/2011 • Approving Authority: Majlis Bandaraya Shah Alam • Reference No.: MBSA/BGN/BB/600-1(PB)/SEK.32/0157-2010 • Land Encumbrances: Nil • Expected Date of Completion: 24 months from SPA date (Nov 2012) • Restriction in Interest: Nil • Property Type: Double Storey Terrace House
• Lot Size: 22’ x 70’ • Built-up: 2,168 sq ft • No. of Units: 125 • Min. Price: RM465,000 • Max. Price: RM810,600 • 7% Discount for Bumiputra. Damai Residences - Phase 9B • Tenure of Land: Freehold • Developer Licence No.: 9202-16/03-2013/246 • Validity Period: 11/03/2010 – 10/03/2013 • Advertising
& Sales Permit No.: 9202-16/689/2012(04) • Validity Period: 09/04/2011 – 08/04/2012 • Approving Authority: Majlis Bandaraya Shah Alam • Reference No.: MBSA/BGN/BB/600-1(PB)/SEK.32/0370-2009 • Land Encumbrances: Nil • Expected Date of Completion: 24 months from SPA date (April 2012)
• Restriction in Interest: Nil • Property Type: Double Storey Terrace House • Lot Size: 24’ x 70’ • Built-up: 2,585 sq ft • No. of Units: 1 • Min. Price: RM1,195,400 • Max. Price: RM1,195,400 • 7% Discount for Bumiputra.
All information is deemed correct at time of printing. The developer and its agents cannot be held responsible for any errors, omissions or inaccuracies in this newsletter. Printer: One-AP Design Agency Sdn Bhd 16-7, Jalan USJ 9/5T, Subang Business Centre, 47620 UEP Subang Jaya, Selangor.
The Future
Is Paramount
Our journey began as a rice trading and general sundries business in pre-war
Kuala Lumpur. By the late 70s, we had evolved from filling rice bowls across the
nation to fuelling dreams. Paramount Corporation Berhad is a multifaceted entity
with presence in construction, property and education through brands such as
Bandar Laguna Merbok, Kemuning Utama, KDU University College and
Sekolah Sri KDU®. Today, we continue to stay true to our roots by offering only
Paramount excellence in all we do, wherever we go.
TO 2011 &
BEYOND
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Welcome to the first issue of Paramount Property
News! The year 2010 was an exciting year for the
Paramount property division and its sister
companies. There were sell-out launches, news on
up and coming property launches as well as fresh
developments in the Paramount education arm.
With so much to share, we decided to bring
you all of the latest in one newsletter!
In this issue, you will see what’s in store for
the residents of the nation’s first cybercity as
Paramount embarks on its first stratified, freehold,
gated and guarded development designed to
promote healthy and sustainable lifestyles in
Cyberjaya. For our readers in the north, there’s a
brand new residential development you just don’t
want to miss. But first, get the latest on capital
appreciation for Paramount residential
developments and have a look at how it all began
before we take you to the future. Keep on reading
and stay tuned for more updates in our next issue.
The Editor
FROM THE
MD’s DESK
The Paramount property division was formed over
three decades ago as the property investment arm of
the Paramount group of companies. It was only in
1981 that Paramount first ventured into property
development. Since then, the company has
committed itself to building quality homes and
enriching lifestyles. Our early involvement in the
buying and leasing of properties in the late 70s has
clearly influenced the way we assess and select land
banks for development. From our earliest
developments in Sungai Petani, to the Kemuning
Utama residential development in Shah Alam, our
philosophy has always been about offering great
homes in prime locations without sacrificing lifestyle.
This unique combination of location and lifestyle has
been a boon to property buyers, both residents and
investors alike. Capital appreciation for Paramount
homes and commercial developments are currently
from upwards of 20% to over 100% across
the board. For our future developments in
Sungai Petani, Cyberjaya and Glenmarie,
we will be looking at offering even better products
through sustainable and lifestyle-enhancing
townships and homes. I hope you will join us on
our new and exciting voyage to the future.
Paramount Property
Utara Sdn Bhd and
Paramount Property
Development Sdn Bhd
have built 12,000 homes,
all bearing the Paramount
hallmarks of quality,
value and elegant
simplicity.
DATO’ RICQUE LIEW
Managing Director
Paramount Property Development Sdn Bhd
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MAR 1981
Taman Patani Jaya, Sungai Petani
Type of Development: Mixed
Total land area: 173 acres
Capital Appreciation: 77% and up
Paramount Property
Utara’s maiden mixed
residential-commercial
development. Practical
and built to appeal to
house buyers seeking
quality homes with
affordable price tags,
Paramount Homes at
Taman Patani Jaya set
the tone for future
developments by
Paramount.
SEPT 1994
Taman Sutera, Sungai Petani
Type of Development: Mixed
Total land area: 23 acres
Capital Appreciation: 82% and up
Comprising 212 freehold units
of single storey terrace units,
semi-detached homes and
double storey shop offices,
Taman Sutera is Paramount
Property Utara’s second foray
into property development.
DEC 1996
Bandar Laguna Merbok,
Sungai Petani
Type of Development: Mixed
Total land area: 493 acres
Capital Appreciation: 23% and up
Winner of The Best
Residential Development
2004 FIABCI award.
Self-contained, low-density,
Mediterranean-styled
freehold mixed development
with residential homes,
commercial centre as well
as lush landscaping. All
3,821 double storey terrace,
semi-detached and
bungalow homes were sold
out 15 years from the official
launch in 1996.
APR 2004 – JAN 2011
Kemuning Utama, Shah Alam
Type of Development: Mixed
Total land area: 524.7 acres
Capital Appreciation: from 70%
to over 100%
One of the final bastions of
peaceful, suburban living
situated within 30 minutes
of Kuala Lumpur city
developed by Paramount
Property Development. Its
strategic location, quality
homes, excellent township
planning and value
appreciation makes it one
of the most desirable
residential developments
this side of the Klang Valley.
The year 1981 marked Paramount’s entry into the property
development industry. Almost three decades later, Paramount
Property Utara Sdn Bhd (PPUSB) and Paramount Property
Development Sdn Bhd (PPDSB) have built 12,000 homes, all bearing
the Paramount hallmarks of quality, value and elegant simplicity.
This common thread between the two subsidiaries can be traced
back to Paramount’s humble beginnings in the rice trading
business. It was here that the first seeds of the Paramount dream
were planted; watered with hard work and a commitment to
excellence, integrity, the community and the environment. These
values are reflected today in the homes that have been built by
Paramount Property Utara and Paramount Property Development.
JUL 2011
Bukit Banyan, Sungai Petani
Type of Development: Mixed
Total land area: 520 acres
The first residential hilltop
development in Sungai
Petani scheduled for
completion in 2021. The
most prominent feature of
this latest project by
Paramount Property Utara
will be its eight landscaped
hillside parks covering 25
acres of the 520-acre mixed
development. Gross
development value is
estimated at RM885 million.
Q4 2011
Sejati Residences, Cyberjaya
Type of Development: Mixed
Total land area: 50.01 acres
Sustainable practices and lifestyles
will be at the core of Sejati
Residences. Look out for updates
on this gated and guarded luxury
development geared towards
promoting healthy lifestyles and
green living in the months to come!
A CITY IN BLOOM
Parks and lakes dominate the
landscape here. The lakes support
a variety of aquatic life and help
moderate air temperature in the
vicinity. Green buildings are a
defining characteristic that sets
Cyberjaya’s infrastructure apart
from cityscapes elsewhere in the
country. Information on Green
Technology forums (iGREET) are
held periodically to equip
members of the community with
expert information on green
building techniques and business
practices.
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Cyberjaya is a flourishing city buzzing with business activity
and a steadily growing population. Its unique infrastructure,
knowledge-driven economy, accessibility and proximity to the
federal administrative centre are just some of the reasons why
investors, corporations and property buyers are flocking to the
nation’s first cybercity. Cyberjaya is 10 to 15 minutes away from
Puchong and Putrajaya and just 20 minutes from Kuala Lumpur
via the newly completed Maju Expressway (MEX). Landscaped
parks and natural greenery cover the 7,000 acre flagship zone.
Beneath this green skin lies a nervous system of fibre optic
cables connecting offices and a daytime population of 41,000
workers, students and residents, to the world beyond.
Its population, projected at 35,000 permanent residents by 2014,
has remained relatively untapped. However, investors have not
been slow in recognizing the potential of this booming market.
Land sales and developments amounting to RM9.1 billion in
total investment have been made since 1997. The new year will
see more residential development projects by prime developers,
including a mixed development project by Paramount.
The new 50.01-acre freehold development will be Paramount’s
first mixed residential development geared towards sustainable
living. Comprising luxury bungalow units, semi-detached units,
super-link units and condominiums within a gated and guarded
enclave, the new development undertaken by Paramount
Property Development Sdn Bhd will be launched this year.
Residences within the development will embrace architectural
features that create a seamless link between homes and
gardens. The development will also hold a residents-only
clubhouse with recreational amenities. Adjacent to the
administrative capital and connected to major townships via
the Maju Expressway (MEX), ELITE and LDP, Cyberjaya is
strategically positioned for growth – a boon for any
development projects in the area.
Watch out for more developments on Sejati Residences,
Cyberjaya in the next issue of Paramount Property News.
A CITY IN MOTION
Cyberjaya is connected to
surrounding townships and Kuala
Lumpur via major highways and
MEX. The Cyberjaya Dedicated
Transportation System (DTS) is a
GPS-enabled intercity shuttle
service that links major towns
around Cyberjaya to the city
operating 24 hours a day, every
day. The DTS is complemented by
Park n Ride, a free intracity shuttle
service that reaches over a dozen
locations within Cyberjaya daily.
A CITY IN SYNC
Keeping the community wired to the rest of
the world is a citywide network of fibre optic
cables and the city’s own broadband service
provider. There’s also Cyberjaya TV – a
dedicated IPTV channel featuring creative
content as well as real-time information on the
city. The community also enjoys safer streets
and speedier emergency response times,
thanks to a citywide CCTV surveillance system.
A CITY OF PROGRESS
HP, DELL, Fujitsu, Motorola, AMD, DHL, KPMG, HSBC, Nokia, Shell, BMW
and Ericsson are just some of the 500 multinationals that have set up
operations in Cyberjaya. The city is also a vibrant education hub. elc
International School, Multimedia University, Cyberjaya University College of
Medical Sciences and Limkokwing University of Creative Technology all
have campuses here and support a thriving international student
population. Over 70 restaurants now serve the community, along with
banking institutions like Maybank and CIMB. Plans for hypermarkets and a
1 million sq ft integrated lifestyle and commercial project landscaped by the
international award-winning LandArt Design firm are also in the pipeline.
The up and coming
Sejati Residences
by PPDSB combines
exclusivity and
sustainability
with accessibility.
Sources: NEW STRAITS TIMES, Friday (November 12, 2010); THE EDGE MALAYSIA, Friday, (January 3, 2011).
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Paramount is committed
to earning your trust by
providing excellence in
form and function as well
as an assurance of
comfort and quality of life
in every residential
township we build.
Paramount Property Utara
and Paramount Property
Development have
delivered 12,000 homes
in the townships of Taman
Patani Jaya, Bandar
Laguna Merbok and
Kemuning Utama based
on these ideals.
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We asked you what you
think about your homes
in Taman Patani Jaya,
Bandar Laguna Merbok and
Kemuning Utama.
Here’s what you had to say!
“Paramount is one of
the best developers in
Sg Petani – reliable and
highly competent.”
“We very much wanted a gated
and guarded community living
experience to see us through our
golden years. This wonderful family
oriented community has met our
expectations and much more – so
much that our children have decided
to settle down here.”
ANTHONY JOSEPH NEVIS, 60 &
JAKE JASON NEVIS, 29
Bayu & Indah Elite,
Kemuning Utama
KOAY CHAIN KOK, 46
Taman Patani Jaya
“Quality materials coupled
with a modern layout. It is easy to
see why Paramount has such an
excellent reputation for giving
homeowners what they want.”
MUNA ABDUL JALIL, 38
Bandar Laguna Merbok
“We’re happy here
because it’s not too
commercialized. Life in KU is
peaceful and quiet; with a good
balance of community life,
location, facilities and
environment.
Paramount has
truly delivered
what they promised.”
LIM KEAN NAM, 38
Bayu,
Kemuning Utama
“Wonderful location,
great design, efficient sales staff and
quality workmanship and materials all
around. There aren’t many developers out
there that provide this combination of
beautifully designed homes, quality
production and good after sales service.”
Ir. CHEE TAI HOE, 46
Bandar Laguna Merbok
“Most of our relatives
and friends were really impressed
after visiting us here and are
considering Kemuning Utama as an
address to reside in. If you’re looking
for a quality home that’s reasonably
priced, look no further!”
ZAHANEE BIN
ZAKARIA, 37
Prima Impian,
Kemuning Utama
“PPD has done a great job in
developing residential homes and
industrial parks that fulfill the criteria
of modern and comfortable living.
Paramount has come a long way
from its early days in the industry. It
is an icon in the property arena and
their signature homes sell by
themselves.”
TOH LEONG HOE, 51
Palma, Kemuning Utama
“We were looking for a
gated-guarded home when
a friend asked us to consider
Kemuning Utama. We liked the wellconstructed design and were
impressed by the quality of the
materials. It’s a great place for kids to
grow up, too. Now, when I think of
Paramount, I think ‘quality homes’.”
KENNETH THONG, 47
Permai,
Kemuning Utama
“It seems Paramount has a
good reputation even among
those from the property
industry. Personally, I’m
satisfied with the quality of its
homes compared to those of
other developers.”
SUSILA DEWI
A/P ELLAYAH, 35
Bandar Laguna Merbok
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Damai Re
Rows of buyers
crowding the
corridors outside
the Sales Office
on launch day.
The final phase of terrace homes in
Kemuning Utama was launched in
January 2011 with little fanfare. The soft
launch, which was initially planned as a
low-key event, turned into an overnight
rush as eager buyers started turning up
at 9am a day earlier. By midnight, more
than 150 people were waiting in line to
book a freehold property in one of the
most desirable gated and guarded
developments in Shah Alam. Goodie
bags packed with blankets, towels,
toothbrush kits, some light refreshments
and breakfast coupons, were handed out
to those who stayed the night.
The sales briefing
with the PPDSB
Sales & Marketing
Manager.
All in all, the soft launch was a
huge success and about 130
buyers had secured a unit by
the end of the day, taking up
98% of the number of units for
sale. With a fantastic offer of
5/95 financing, 0% interest
during construction, free SPA
and legal fees as well as MOT,
many property hunters were
keen to grab a last chance at
owning a piece of landed
property at Kemuning Utama.
By the official launch day,
all units had sold out.
SITE PROGRESS
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INDAH RESIDENCES, Kemuning Utama
PHASE 8C1 (108 Units)
PHASE 8C2 (115 Units)
100%
99%
ALL BLOCKS
Paintwork and
cleaning completed.
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DAMAI RESIDENCES, Kemuning Utama
1) BLOCK 3 - Roof truss construction in progress.
2) BLOCK 7 - Internal wall plastering in progress.
3) BLOCK 12 - Internal wall plastering in progress.
4) BLOCK 15 - Floor tiling and fencing installation in progress.
PHASE 9A (175 Units)
68%
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36%
Buyers start queuing
as early as 9am
the day before the
soft launch.
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1) BLOCK 1 - Ground slab completed.
2) BLOCK 2 - Ground slab completed and ground column rebar in progress.
3) BLOCK 6 - Ground slab completed.
4) BLOCK 7 - Ground slab completed.
PHASE 9C (125 Units)
24%
Over To You!
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1) BLOCK 2 - Roof truss construction in progress.
2) BLOCK 6 - Brickwork in progress.
3) BLOCK 16 - Roof truss construction in progress.
4) BLOCK 19 - Ground column and 1st floor beam/slab construction in progress.
PHASE 9B (231 Units)
The residents’ associations of Permai,
Bayu and Palma in Kemuning Utama have
successfully taken over the management
of their respective townships from
Paramount Property Development Sdn
Bhd (PPDSB) as of 1 December 2010,
22 December 2010 and 1 March 2011.
PPDSB would like to thank the Persatuan
Penduduk Kemuning Permai (PERMAIRA),
Persatuan Penduduk Kemuning Bayu
(KBRA) and Persatuan Penduduk
Kemuning Palma (KPRA) committees for
working tirelessly to ensure a smooth
take over for the benefit of the residents
in these locations. It has been a pleasure
working with the residents’ associations
and we are confident that the gated and
guarded status of Kemuning Utama will
continue to be upheld by the various
committees and the residents.
1) Entrance wall completed.
2) Block 10 paintwork in progress.
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PHASE 9D (133 Units)
18%
1) BLOCK 3 - Ground slab completed.
2) BLOCK 5 - Ground slab
construction in progress.
3) BLOCK 7 - Ground beam
construction in progress.
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SURIAN INDUSTRIAL PARK, Kota Damansara
99%
1) External walkway completed.
2) Landscaping in progress.
BLOCKS 1, 2, 3 & 4
• Main entrance canopy completed.
• Installation of fuse box at meter compartment completed.
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KBRA president and Managing Director of PPDSB
seal the deal at the Bayu handover.
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KEMUNING UTAMA COMMERCIAL CENTRE 2
98%
BLOCK 1 & 2
Paintwork in progress.
It was smiles all around at the Permai handover.
Green Campus Takes Root
In Glenmarie
Education has always been an area of
special importance to Paramount
Corporation Berhad. The group’s education
arm is a pioneer in its own right, having
provided innovative, high quality private
tertiary education since 1983.
The new KDU University College campus in Glenmarie will combine comfort with
sustainability spread out over a 20-acre sprawl. As part of Paramount’s 8.7ha
Glenmarie mixed development project centred on green concepts, the campus will
incorporate water features, efficient air-conditioning, rooftop gardens as well as other
architectural elements that support efficient consumption of energy, water and other
resources. These innovative features, along with on-campus accommodation,
retail centres, a clubhouse as well as healthcare and comprehensive sports facilities,
stand to offer students an inspiring and holistic environment in which to carry out
their studies. The campus is scheduled for completion in 2013.
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Glenmarie Campus
The group’s commitment to Paramount
education has led to the conferring of University
College status to KDU by the Ministry of
Education in 2010. This achievement could not
have come at a better time as plans for the
development of the new KDU University College
campus in Glenmarie have been in the pipeline
since 2009. There are also plans to expand its
Sekolah Sri KDU ® brand of private smart schools
to include an international school that will offer
the best of British international education.
…the addition of
Sri KDU® International
School will strengthen
the Sri KDU® brand’s
standing as a premier
provider of private
education in the country.
New International School
Headlines Sri KDU Expansion
…the campus
will incorporate
architectural elements
that support efficient
consumption of
energy, water and
other resources.
®
The nation’s first purpose-built private smart school is extending its network to include
the new Sri KDU® International School by September 2011. Since 2003, Sekolah Sri KDU®,
an education subsidiary of the Paramount Group, has been providing holistic education
based on an expansive Malaysian education curriculum with a global outlook. The school’s
academic results have consistently been at the top end of the spectrum for the UPSR,
PMR and SPM examinations – with more than 90% of students scoring distinctions in
English, Mathematics and Science.
With the addition of Sri KDU® International School to its network of schools, Sri KDU® is
poised to strengthen its standing as a premier provider of private education in the country.
The new International School will operate from its own building within the Sri KDU®
complex of schools and will cater to a student population of over 600 in the initial years.
Dr Teoh Kok Soo
Vice Chancellor
KDU University College