Potential of Segambut

Housing price comparison between Mon't Kiara and Segambut Dalam

Here some articles about Segambut development for the references
http://www.theedgeproperty.com/news-a-views/3307-tan-chong-to-develop-segambut-land-after-2013.html

http://findarticles.com/p/news-articles/new-straits-times/mi_8016/is_20100604/tan-chong-plans-develop-segambut/ai_n53876907/

http://www.metrohomes.com/appmain/hminfo/index.cfm?fuseaction=articlevw&noticeid=not/2009/00001

http://www.metrohomes.com/appmain/hminfo/index.cfm?fuseaction=articlevw&noticeid=NOT/2009/00002

Maximum 70% loan-to-value ratio for 3rd homebuyers

Bank Negara Malaysia (BNM) today announced the immediate implementation of a maximum loan-to-value (LTV) ratio of 70% applicable to financing facilites for those buying their third home.

The move is aimed at supporting a stable and sustainable property market while promoting continued affordability of homes for the general public, the central bank said in a statement.

"Financing facilities for the purchase of first and second homes will not be affected by the policy," it said, adding that such borrowers will continue to be able to obtain financing for these purchases at the present prevailing LTV level applied by individual banks based on their internal credit policies.

While acknowledging that residential property prices have increased in tandem with the economic development, BNM said however in the more recent period, specific locations have experienced faster growth in the number of transactions and in house prices.

The increase in financing for multiple unit purchases by a single borrower has also fuelled investment activities of a speculative nature, and led to increases in house prices and contributing to the declining overall affordability of homes for genuine house buyers.

"The implementation of the LTV ratio is expected to moderate the excessive investment and speculative activity in the residential property market which has resulted in higher-than-average price increases in such locations.

It said the measure remains supportive of the objective of encouraging home ownership among Malaysians which continues to be an important national agenda.

Meanwhile, BNM also announced the introduction of a Financial Capability Programme by the Counselling and Credit Management Agency (AKPK) starting January next year.

Aimed at educating individuals, especially new prospective borrowers and young adults, the programme focused on responsible financial decisions through practical understanding and skills in money and debt management.

The programme is expected to contribute towards "preserving the sound financial positions of households and ensure that debt accumulation commensurates with household affordability".

Pangsapuri Bukit Segambut

Bukit Segambut apartment is a superb western design apartment located at Bukit Segambut, Kuala Lumpur, in the vicinity of Mon't Kiara and Sri Hartamas. The project site on approximately 2 acres of Freehold land. It is a nine storey buiding comprises of 188 units with five different designs ranging from 995 sq ft to 1,216 sq ft 3 Bedrooms and 2 Bathrooms.

4 lifts cater to each floor ( 8ft height lift), 10ft Ceiling height - 8ft height Entrance with decorative solid wood door , Full height imported ceramic tiles (kitchen & bathroom), Imported sanitary fittings, 2' x 2' imported ceramic tiles flooring (Living & Dining). Comes with 1 carpark.

Facilities provided are 24 hours security, five-stars lobby, children playground, multi-purpose hall, gym, sauna, jacuzzi and roof-top garden.

Azelia Residence Damansara Avenue

TA Global Bhd is looking to launch the first residential phase of its RM3.8 billion Damansara Avenue in Bandar Sri Damansara in early November, following the overwhelming response received last month for its maiden commercial precinct Ativo Plaza.

The 8-storey Ativo Plaza – which houses 198 office suites and 43 retail units – was launched on Aug 7 and saw a 90% take-up within one day.

According to the developer, all 90% of available units were sold during the priority preview event and registrants also received an early bird discount of 8%. The retail units in Ativo Plaza will only be available for leasing out. Office suites were sold from RM440 psf with built-ups from 547 sq ft to 4,094 sq ft.

Meanwhile, its first residential phase known as Azelia Residence, will comprise 250 units of high- and low-rise residences with sizes from 600 to 3,400 sq ft. It will be launched via its priority preview, which has received more than 4,500 registrants, the developer said.

Indicative prices for the residential units are above RM500 psf.

Damansara Avenue comprises two parcels. The first parcel consists of seven phases – five residential and two commercial – while the second parcel is still in its planning stage.