Malaysia Money Matters

A new condo launch in Melawati by Sime Darby, I didn't know about it but just so happened to drive by the showroom as it was being constructed; then my mum told me that the launch event was on Saturday the 24th. Didn't have time to go on the 1st day but managed to make it today, the 26th. First impression is that the development seems pretty decent.  An overview from the brochure: Here is the location within Melawati: hehe my scanner truncated it somewhat, the dark green area next to the planned 30 storey apartment is going to be the new Melawati Ma ll (a Capital Mall project). And here are the build-up specifications: Other main information points not in the images above are: Freehold Price per square foot from RM600 to about RM750 for the larger units Maintenance cost is 30 sen per square foot Looks like about 70%-80% booked up by the time I got there around midday today - after just 1 full day + 1 morning of sales. Construction ...

So I toddled along to the sales gallery for the launch of the Veo which is a high-rise condo in Desa Melawati - north of Taman Melawati proper, it would actually face Tmn Melati across from the MRR2, hence it is close to the exit into the Karak Highway. The developer is Sime Darby and they've launch Tower B ( a calculated move ) which is set slightly back from the main highway, in front of it is the planned Tower A ( with better KLCC views, higher price later natch! ) and the delayed Quarza project which is a commercial development - all by Sime Darby. Onto the Veo itself, it is a mixed bag... lots of 1-bedrooms, posh-ish studio type units at around 700+ square feet going for around RM0.5 million. Then there are the much larger units around 2,000++ square feet including one layout that has the very in-trend dual entrance for the main family unit plus granny flat / bachelor or bachelorette pad, it is a good concept. Priced from RM1.4 million. There is a mid-size layout of 1,...