PROPCAFE Peek : Selayang 18 @ Bandar Baru Selayang By F3 Capital

Selayang 18 is another project from F3 Capital. The developer is quite active over last two years after it completed the Manjalara 18 project besides Desa Parkcity. They recently also launched another two projects called 360 degree Urban in Gombak and Dua Majalara. This is a leasehold project with total of 360 units from two towers. Each tower has 21 storeys. Tower A – 10 units per floor and Tower B – 12 units per floor.

The project is located at the round about of Bandar Baru Selayang. It is just besides the Majlis Perbandaran Selayang building. The current site was belong to Telekom Malaysia. The location is quite decent as it is at the centre of selayang and about 15km to kuala lumpur city centre without toll. MRT2? I have no idea. Last heard selayang has a station in future MRT2 line. Being at the centre of selayang, it should not be too far away. Since developer didn’t mention anything on this, perhaps we can ignore it for time being.

Inner road – access road to the site

Site

Tiara Residence view/round about

Seems like the management of F3Capital has strong relationship with TM. Manjalara 18’s land also used to be owned by TM. This Selayang 18 site (see photos above) has few facing. 1. Facing pool/round about and Hill view (and premium project called Tiara Residence). 2. Facing Perbandaran Masjilis Selayang. 3. Selayang/Genting View.

It offers mainly 900sf (2 bedder), 1017sf (2+1 bedder)and 1264sf (3+1 bedder). The 900sf type has already been taken up and overheard many booked by staffs. Tower A comes with west or east view whilst Tower B is either south or north oriented. South orientation units do not come with good view (Selayang view), so one can realise that there are no much difference in term of psf for view, block, and size. The price starts from rm477psf and about rm2 to rm3psf up per floor. So, roughly it is around rm430k, rm485k and rm600k up for 900sf, 1017sf and 1264sft respectively. This is before the 5% rebates. With near to rm400k after rebates, no wonder 900sf type has been sold out. There are also some odd and big size penthouse.

Every three to four floors comes with a small parcel of green area (see below). Floor plan is pretty standard but it seems like kitchen area is a bit too small and only 2 rooms for 900sf and 1017sf (ignore the utility room) is a let down. With psf is getting higher nowadays, family maybe more receptive for smaller room but i believe majority of the families still prefer 3 rooms.

Facade is quite nicely designed (less wall more glass theme). Great landscape concept provided (see below) by developer. It comes with sky lounge together with a very comprehensive list of facilities but i feel it is a bit over for this segment of condominium. rm0.35psf maintenance fee is considered a norm nowadays but whether it can be maintained well is another story especially comprehensive facilities and segment like this.

The take up is reasonable (see below) and higher floor like 13a level up still many to pick. The photo is not clear enough but one can see the sales status by the stickers (as at 16/06/13 – 2pm)

Tower A

Tower B

Edge 18 is the commercial shoplots infront of this Selayang 18. 4 storey 22x75ft with lift if i m not wrong. Only bumi lot available for sale at rm2.7mil up and the rest are kept by directors. We have seen many not so successful developments over years and normally come with unsuccessful commercial retail lots downstair. It is important to control the profile of shop tenants. Let’s see what the directors will do on this commercial lots.

If the developer can execute nicely the facade, landscape and facilities according to what its promised in artist illustration, it will be worthwhile for ownstay for this pricing. But, for investment, investors need to work out the rental market there or think thoroughly whether it is possible to flip with your own minimum target ROI in future. I have to say not easy. Having said that, developer did put in a lot of effort to provide good quality of living for ownstayers. Great concept, especially its landscape!

There are many details information in the developer’s webiste: Layouts for condo and shoplots etc.
www.f3capital.com.my