Headline : REACHING THE PEAK OF PROMINENCE MediaTitle Property Insight Date 23 Nov 2017 Language English Frequency Monthly Circulation 30,000 Readership 90,000 Section NEWS Color Full Color Page No 20TO25 ArticleSize 2877 cm² AdValue RM 29,357 Journalist MAGES PV LINGAM PR Value RM 88,071

Area Focus PUTRAJAYA REACHING THE PEAK OF

Putrajaya has unveiled itself as a significantly successful township which is working towards achieving a high lifestyle status in

By: Mages PV Lingam

nce a thick jungle existing alongside palm oil plantations, Othe Putrajaya of today has vastly transformed into what is now known as the Federal Administrative Centre of Malaysia due to the Government's initiative. Historically, Putrajaya used to be known as Prang Besar which was founded in 1918 and named as Air Hitam by the British. Initially covering a land area spanning 800 acres which then expanded to 8,000 acres, Putrajaya later merged with other surrounding estates including Estet Raja Alang Estate, Galloway Estate and Bukit Prang Estate. This corporate city was named after the first Malaysian Prime Minister Tunku Abdul Rahman Putra. Its territory is entirely enclaved within the Sepang District of the state of Selangor. This planned city now known as the Federal Territory of Putrajaya is also part of the Multimedia Super Corridor (MSC) of Malaysia which is in essence, a special economic zone covering the . This city is the brainchild of former Prime Minister of Malaysia Tun Dato' Seri Dr Mahathir Mohamad which was given the city status following and Labuan in the year 2001. Headline PUTRAJAYA: REACHING THE PEAK OF PROMINENCE MediaTitle Property Insight Date 23 Nov 2017 Language English Frequency Monthly Circulation 30,000 Readership 90,000 Section NEWS Color Full Color Page No 20TO25 ArticleSize 2877 cm² AdValue RM 29,357 Journalist MAGES PV LINGAM PR Value RM 88,071

The census from 2015 states Putrajaya a centralised Governmental engine for These include planning; urban design has a population of 88,300 persons. the nation. Some of the notable public and building; integrating nature into Its meridien coordinates for travellers buildings include Perdana Putra which the urban fabric; transportation and is 2.9430952°N 101,699373°E. is the official office of the Prime Minister mobility; energy usage and water usage; while Seri Perdana is the official home of waste management as well as city PUTRAJAYA-COMING INTO ITS PRIME the Prime Minister and Sri Satria is the administration and management," Putrajaya city was intended to be a official residence of the Deputy Prime The Structure Plan Sustainable centralised Government whereby most Minister. The Palace of Justice and Putrajaya 2025 gazetted on March 7, 2014 of the offices were relocated from the Wisma Putra (Ministry of Foreign Affairs) will transform Putrajaya from a Garden congested capital city of Kuala Lumpur. are other buildings in Putrajaya. City to a Green City. This can be achieved Construction work on Putrajaya began In addition, the township also has its via the improvement of the quality of in August 1995 when the area was own Putrajaya Landmark area in which the living environment by ensuring considered Malaysia's biggest project the Millenium Monument and National that urban activities and developments and one of Southeast Asia's largest, with Heroes Square take pride of place. reduce carbon emission, encourage an estimated total cost of USD8.1 billion Putrajaya is also planned as a garden green businesses and a green lifestyle. (RM34.26 billion). city and intelligent city with 38% of the She adds that Putrajaya is surrounded The entire township was designed and area reserved for green spaces where the by highly populated areas such as constructed by Malaysian companies emphasis is on the natural landscape. Puchong, , Kajang, Bangi and with only 10% of the materials being In line with this objective, there is the the whole southern corridor of the Klang imported. As of 2012, almost all of Putrajaya Lake and Putrajaya Wetlands Valley. Malaysia's Governmental Ministries had Park as well as the Putrajaya Botanical The Current Population Estimates, relocated to Putrajaya. Putrajaya also Gardens representing the largest Malaysia 2017 reported the estimated has twin-city status with Cyberjaya and botanical garden in Malaysia covering an population of Putrajaya in 2017 to Sejong City in South Korea. area spanning over 227 acres. be 86,900 which represents a 2.9% Today, Putrajaya has transformed into annual growth rate from an estimated a sough-after city where world leaders population of 84,400 in 2016. and dignitaries hold high-powered TOWN PLANNING STATUS Putrajaya's planned population by meetings and sessions here. Principal of FA Planning Consultant and 2025 is 347,700 while Sepang District's It has grown into a tremendous Lecturer at University of Malaya TPr. estimated population in 2017 is 252,300. city of viability and is the epitome of Dr. Faizah Ahmad shares that there are The current population of Cyberjaya is futuristic inclinations leaning towards seven focused areas in Putrajaya. estimated at 70,000 and is planned to Headline PUTRAJAYA: REACHING THE PEAK OF PROMINENCE MediaTitle Property Insight Date 23 Nov 2017 Language English Frequency Monthly Circulation 30,000 Readership 90,000 Section NEWS Color Full Color Page No 20TO25 ArticleSize 2877 cm² AdValue RM 29,357 Journalist MAGES PV LINGAM PR Value RM 88,071

S P Setia Berhad Group s Setia Seraya Residences

support a living population of 240,000 by 2020, Faizah says that Putrajaya will continue to be the major economic catalyst inducing urban growth in the Greater Kuala Lumpur conurbation's Southern Corridor. She adds that Putrajaya is a great choice with its more comprehensive green infrastructure, lifestyle, health and educational facilities, high accessibility and intra-city or inter-city connectivity. "The transformation to Green City (status) will be more visible with the implementation of the Low Carbon Green Transportation and the scheduled completion of the Mass Rapid Transit 2 (MRT2) Sungai Buluh-Serdang-Putrajaya (SSP) and MRT station. "Then, there's the Kuala Lumpur- Singapore High Speed Rail (HSR) linkwith a stop in Putrajaya complemented by the Putrajaya-Cyberjaya tram services, and other environmentally-friendly features," asserts Faizah on Putrajaya further.

One of the prominent projects in Putrajaya is S P Setia Berhad Group's Setia Seraya Residences which is a condominium with a gross development value (GDV) of RM246 million. Standing tall at 40 storeys with a total of 363 units, the development is situated on 4.54 acres of freehold land in Precinct 15, Putrajaya. The project comprises three layouts namely Type A's three-bedroom and two-bathroom units featuring 1,002 sq ft of built-up area and Type B's four- bedroom and three-bathroom units with 1,202 sq ft of built-up area. Type C's three-bedroom and two-bathroom plus veranda (lanai) units feature 1,420 sq ft of built-up area. Putrajaya Holdings Sdn Bhd, being the master developer of Putrajaya city also launched its Astana Residence project here last year. The freehold luxury lakefront villa development which is situated at Precinct 8 is the first gated and guarded landed residential project in Putrajaya with an estimated gross development Headline PUTRAJAYA: REACHING THE PEAK OF PROMINENCE MediaTitle Property Insight Date 23 Nov 2017 Language English Frequency Monthly Circulation 30,000 Readership 90,000 Section NEWS Color Full Color Page No 20TO25 ArticleSize 2877 cm² AdValue RM 29,357 Journalist MAGES PV LINGAM PR Value RM 88,071

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value (GDV) of RM234.47 million. The and 11 priced at about RM138 psf with project comprises 58 units of two-and- the transacted price going at RM1.2 a-half as well as three and three-and- million. a-half-storey villa homes with built-up The townhouses located at Precinct sizes ranging from 5,348 sq ft to 6,456 16 meanwhile has seen the transacted sq ft. prices increase to RM430.000 last Nawawi Tie Leung Property year. Recent condominium projects Consultants Managing Director Dato' like the Sarjana Aster Condominium Nawawi Mohd Arshad says that the which features three bedrooms and - Dato' Nawawi Mohd Arshad selling price of Astana Residence's villas two bathrooms located at Precinct 11 averages RM680 psf, with the minimum in Putrajaya was transacted at around selling price starting from RM3.68 RM480.000. million. He adds that the development is Meanwhile, S P Setia's Dwiputra set to be completed in 2018. Residence at Precinct 15 which is Putrajaya he adds also represents a located at the Southern Growth Corridor choice location for long-term investors situated about 25km from Kuala Lumpur and upgraders. was transacted at RM565 psf. Other landed property projects by According to Nawawi, all of the 440 Putrajaya Holdings include the Turnberry units are already sold out. He adds - TPr. Dr. Faizah Ahmad two-storey linked homes located at that the recent transacted commercial Precinct 11. property comprised a three-storey shop Another project at the same Precinct office that fetched RM2.0 million last is Fera comprising a three-storey twin year. A notable mixed-use development aparments were priced from RM728 psf villa with six bedrooms and bathrooms. in Putrajaya is Shaftbury Avenue to RM875 psf. The expected completion This project features 62 luxury twin villas comprising retail lots and serviced date of this project is 2018. with built-up areas of up to 5,026 sq ft apartments. Transasia Property Consultancy Sdn and land areas of up to 7,707 sq ft. The launch price for the retail project Bhd Real Estate Agent Hairil Wahiri says Nawawi also adds that there are vacant was priced between RM1.200 psf and Putrajaya is surrounded by many new detached plots available at Precinct 8, 10 RM 1,800 psf while the the serviced development. Headline PUTRAJAYA: REACHING THE PEAK OF PROMINENCE MediaTitle Property Insight Date 23 Nov 2017 Language English Frequency Monthly Circulation 30,000 Readership 90,000 Section NEWS Color Full Color Page No 20TO25 ArticleSize 2877 cm² AdValue RM 29,357 Journalist MAGES PV LINGAM PR Value RM 88,071

Putrajaya Holding's Astana Residences which is situated in Precint 8

These include residential and commercial developments such as 101 Resort City, Malaysia Vision Valley, Serinia City, Cyberjaya, Bandar Enstek, Kota Seriemas which all indirectly act as catalysts for Putrajaya. Hairil adds that a few of the most recently launched and future developments in this township include the terraced hyperlink units named Duta Villa located at Precinct 14 and the semi-detached Astana Residences at Precinct 8 as well as the Augusta project at Precinct 12. Meanwhile, the Aura Residensi condominium project is located at Precinct 8 while the Flora Rosa development is at Precinct 11." He adds that Putrajaya offers integrated infrastructure facilities for

RECENT RESIDENTIAL AND COMMERCIAL TRANSACTIONS IN PUTRAJAYA

No. Broad Use Property Type Location Sampling Development/ Median Transacted Price* Median Transacted Price* Project (If any) (RM per sq. ft.) (RM per unit)

1 Commercial 3-storey Shop-Office Precinct 8 - RM425psf (2016) RM2,050,000 (2016)

2 Residential Vacant Detach Plot Precincts 8, 10 & 11 - RM138psf (2017) RM 1,200,000 (2017)

Townhouse Precinct 16 - RM352psf (2016) RM430.000 (2016) Condominium Precinct 11 Saujana Aster RM455psf (2016) RM480,000 (2016) Condo Apartment Precinct 15 Dwiputra RM565psf (2017) RM699,000 (2017) Residence

Flat Precinct 9 - RM345psf (2017) RM241.500 (2017)

Precinct 11 - RM329psf (2016) RM230.000 (2016)

Terrace House Precinct 14 - RM676psf (2016) RM 1,000,000 (2016)

Semi-D House Precincts 8, 9, 11, - RM526psf (2017) RM 1,400,000 (2017) 16 & 18

Detach House Precincts 10 & 16 - RM784psf (2014) RM3,500,000 (2014)

3 Industrial N/A

*Note: Based on the latest available transactions by the Department of Valuation and Property Services (JPPH) Source: JPPH; NTL Research & Consulting, 2017

NOTABLE UPCOMING DEVELOPMENTS IN PUTRAJAYA

No. Development Property Type Total Unit Size (sq ft) Launch Price (RM per Launch Year Expected Comple- sq. ft.) tion 1 Shaftbury Avenue Retail Shops 249 RM 1,200 - RMl,800psf 2013 2018 @ Putrajaya Sen/iced Apartment 746 686 - 1,451 RM728 - RM875psf Headline PUTRAJAYA: REACHING THE PEAK OF PROMINENCE MediaTitle Property Insight Date 23 Nov 2017 Language English Frequency Monthly Circulation 30,000 Readership 90,000 Section NEWS Color Full Color Page No 20TO25 ArticleSize 2877 cm² AdValue RM 29,357 Journalist MAGES PV LINGAM PR Value RM 88,071

residents that was developed based on (KLIA). Highway links include the the construction of MRT Phase 2 and two underlying concept which namely North-South Expressway Central Link, THE HSR train to Singapore. This would portrays Putrajaya as a sustainable as North-South Expressway, Putrajaya- improve the transportation system and well as intelligent city. Already, one third Cyberjaya Expressway, South Klang shorten travelling time. of Putrajaya is reserved as a green area Valley Expressway (SKVE), Lebuhraya The development is easily accessible with Cyberjaya being developed just Damansara Puchong and Maju via [MEX), Damansara- around the corner. Expressway (MEX). Puchong Expressway (LDP) and Shah Highways and upcoming public Alam Expressway (KESAS) which lead transport such as the Multi Rapid Transit to Puchong, Subang Jaya and Klang. ACCESSIBILITY (MRT2] Sungai Buluh-Serdang-Putrajaya Travelling to Cyberjaya, Kuala Lumpur Putrajaya is accessible by highways (SSP) line, the Kuala Lumpur-Singapore International Airport [KLIA) and Nilai is and public transportation such as High-Speed Rail (HSR), Electric Vehicle possible via the North South Expressway buses, taxis and rail lines supported (EV) Bus Demonstration project and Central Link (ELITE) and South Klang by Park and Ride (P&R) facilities Putrajaya-Cyberjaya tram services are Valley Expressway (SKVE). complemented by a network of expected to further improve accessibility Hairil says future infrastructure pedestrian walkways and bicycle and connectivity to Putrajaya. coming into the area include the Multi lanes. The intra-city public bus Nik says that the most recently Rapid Transit (MRT) via the Sungai services (Nadi Putra] is also provided launched projects here include Buluh-Serdang-Putrajaya (SSP) line by Putrajaya Corporation. S P Setia's Setia Seraya Residences and the Kuala Lumpur-Singapore HSR The Express Rail Link (ERL) meanwhile comprising high-end condominium units which will further ease the township's connects Kuala Lumpur and Putrajaya in Precinct 15 and Putrajaya Holdings' transportation challenges. to Kuala Lumpur International Airport Precinct 11. Besides that, there will be

Hotel: The Everly Putrajaya, Dorsett Putrajaya, Putrajaya Shangri-la, Putrajaya Marriot Hotel, Pullman The majority of the residents comprise Putrjaya Lakeside, Palm Garden Government servants as Putrajaya is the 101 Resort City, Le Meridien Hotel. center of Government administration. D'Boutique Hotel. It is equipped with various infrastructure Hospital: Hospital Putrajaya, National Cancer Institute. and offers various other facilities that meet Eateries: Only Mee Restaurant. the needs of residents who live here. Many Umai Cafe, Spring Garden have moved to Putrajaya because of these Restaurant, Balqis Restaurant, Mr. factors therefore the deamand for property Kabab & Biryani, B's Restaurant, is increasing tremendously" Slero D Timur, Thai Tom Yam Kung Restaurant. Medina Tomyam - Hairil Wahiri, Real Estate Agent, Restaurant. Putra Palace Transasia Property Consultancy Sdn Bhd Restaurant.

Malls: Alamanda Shopping Centre, IOI City Malt, Suria Mall Putrajaya. a Schools: Nexus International School Based on the current and future planned Malaysia, International Modern Arabic School, Sekolah Sultan Alam amenities, Putrajaya will become a hub Shah, SMK Putrajaya Presint 8, for everyone in term of workplace and SMK Putrajaya Presint 9(2) IB World residences. Furthermore, Putrajaya will also School. become a good area for investment as it is Religious Houses: Putra Mosque, the Administrative Center of the country " Tuanku Mizan Zainal Abidin Mosque, Sri Maha Mariamman Devasthanam, - Nik Azwan Mohamed Pathil, Pusat Buddhis Dhammaduta Assistant Manager -Real Estate Agency, AJC Sdn Bhd Malaysia.