By Pavither Sidhu
These days, the pursuit of affordable modern living in the Klang Valley, amidst green and serene surroundings, will require homeseekers to look beyond the traditional confines of the Greater Kuala Lumpur vicinity.
That is where comfortable space and contemporary lifestyle needs can be attained at an attractive price.
Young professionals and first-time homebuyers need to come to terms with the fact that roomy landed homes at affordable prices are becoming a scarcity within city limits, but that doesn’t mean they have to put off their buying aspirations.
In exchange for a little distance, Albury Homes @ Mahkota Hills offers larger homes in a low-density development and less polluted environment for lower prices.
Buying early in life is the best way to ensure maximum gain from your property investment, but an opportunity to secure a property at an attractively low entry cost in a location poised to boom is one that simply shouldn’t be missed.
Those looking to take that first step onto the property ladder, therefore, should seriously focus their attention on the Southern Klang Valley, where rapid conurbation is giving rise to numerous residential developments offering gated-and-guarded security and a host of lifestyle facilities.
One such example is Semenyih, where eye-catching projects such as United Malayan Land Bhd’s (UM Land) Albury Homes @ Mahkota Hills is creating a buzz.
Developed by UM Land’s subsidiary, Kia Ace Development Sdn Bhd, the 355-acre project is taking shape within the emerging 1,800-acre Mahkota Hills township.
It recently unveiled its first phase offering. Albury Phase 1 will comprise 331 freehold units of single-storey terraces, with dimensions of 20ft by 70ft and built-ups measuring 1,223sq ft. Each unit will come with three bedrooms and two bathrooms, while the front porch can easily fit two cars.
To be officially launched soon, terraces at Phase 1 are priced at an attractive RM283,000, and so far the response has been promising with 25% of the units already spoken for.
Phase 2, on the other hand will offer 382 double-storey terraces with larger built-up areas of between 1,400sq ft and 2,000sq ft.
These come with three-plus-one bedrooms and are now open for registration. Dr Daniele Gambero, co-founder and chief executive officer of REI Group of Companies, the strategic marketing agent for Albury, said what makes the project noteworthy is its wide range of facilities catered to young families who seek a contemporary lifestyle.
“The project is designed to promote a “walkable” community, featuring a 20-acre central park, linear parks, playgrounds, jogging and cycling paths, a lake, common hall, gym, barbecue area, clubhouse and sports centre, all within the enclave.
“The developer aims to create a healthy and balanced lifestyle. There is ample space to walk around and facilities such as the clubhouse and community shops are located within convenient proximity.
The aim, Gambero said, is to reduce the carbon footprint by limiting the need to use vehicles.
05 Clubhouse 5pmSwimmingpool8At the clubhouse are amenities such as a swimming pool, children’s pool, basketball court, cafeteria and kitchen, surau, sauna and WiFi internet connection.
Currently, the club house is made available to residents without a fee, and the developer will maintain this for a good part of the development period.
Besides low entry prices of between RM240psf and RM280psf, UM Land is preparing to offer some creative packages to aid buyers. For first-time homebuyers, with a 10% down payment and a maximum loan repayment of 38 years, the monthly commitment will be translated to approximately RM1,000 per month.
This is less than renting a smaller unit in certain areas within the Klang Valley. It is also below the affordable cap set around RM500,000 in the Klang Valley.
To further entice homebuyers, the company will reduce the hassle of the acquiring process by taking care of all the paperwork, documentations and applications for purchasers.
“It will be a headache-free process for them as we want to make it easier for the buyers especially the first-timers,” Gambero said.
Another plus point according to him is that land cost in these areas have not yet Lumpur, allowing developers to offer low-density residential projects to those who are willing to travel a bit further in exchange for larger homes and a much cleaner and less polluted environment.
“Semenyih has seen a tremendous boom in recent years and major players are securing land in the location. We can foresee it coming up,” he said.
Gambero pointed out that Albury also offers promising capital gain opportunity, with an expected gain of 70% to 90% within the next five to six years, considering that the project is among the first six consecutive phases to be developed in the area.
With accessibility via the Cheras-Kajang Highway, North-South Highway (PLUS) and the Kajang-Seremban Highway (LEKAS), Albury boasts proximity to amenities such as primary and secondary schools, supermarkets, food outlets and banks.
In the near future, the LEKAS Ecohill Link will further enhance the connectivity of the township, making it accessible to Kajang Dispersal Link Expressway (SILK), PLUS and Damansara Puchong Highway (LDP).
Furthermore, the Singapore-Greater Kuala Lumpur High Speed Rail, estimated to begin its operation in year 2020, will give leverage to the project as one of its stops is proposed to be in Seremban, closing the distance between Albury to major urban destinations such as Malacca, Nusajaya and Singapore.