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Continue Reading ⋅ 30 January 2023
Myra Alam is located in Puncak Alam, an upcoming neighbourhood next to Damansara, Sungai Buloh and Shah Alam. It is developed by OIB Group and it is the third project under the Myra brand, after Myra Saujana in Putrajaya and Myra Meranti in Puchong. Just like the other projects under the Myra series, Myra Alam has been planned as a pure residential development consisting of both landed and high-rise homes.
The 35.5-acre leasehold development has a gross development value (GDV) of RM300 million and it is located close to the KL-Kuala Selangor Highway (LATAR) Puncak Alam interchange.
The development caters to young adults who are seeking for quality yet affordable homes in the areas they currently live and work in. Myra Alam will comprise 223 units of terraced houses, 364 condominium units and 394 units of Rumah Selangorku apartments. The total completion is scheduled for 2023.
The developer held a pre-launch event for the first and second phases of Myra Alam in August 2018. Designed to meet the gap in the affordable property market, Myra Alam is confident that the development is for the betterment of the people and young adults. About 20% of Myra Alam will be allocated for common facilities including two parks, children’s playground, jogging track, football field, a shaded area, multi-purpose hall, and prayer rooms.
“In terms of absolute price, we are on par with many of our competitors such as LBS Bina, IJM and MKH, but about 30 per cent cheaper than Eco World. Product-wise though, we offer bigger built ups, 400 sq ft extra while most others are looking at 1,300 sq ft to1 ,500 sq ft. That said, it effectively brings down our per sq ft pricing,” said OIB general manager of sales and marketing, Wendy Lim, in 2018.
The developer plans to inject a nature-centric feel and integrate as much greenery into this project. Much work will be put into the landscape of the area, which includes a gazebo, and Myra’s Playland which is designed to combine both fun and nature
Over the years, Puncak Alam has grown as a township with improved infrastructure and amenities. It has the potential to become a full-fledged township for young families to grow into.
Address: No. 1, Block B, Jalan PPAJ 2, Bandar Puncak Alam, 42300 Bandar Puncak Alam, Selangor
Property Types:
- Terrace houses
- Condominium
- Rumah Selangorku apartments
Total Units:
- Terrace houses: 223 units
- Condominium: 364 units
- Rumah Selangorku apartments: 394 units
Tenure: Leasehold
Sales Gallery: No. 1, Block B, Jalan PPAJ 2, Bandar Puncak Alam, 42300 Bandar Puncak Alam, Selangor
GPS Coordinates: 3°15’48.3″N 101°26’37.7″E / 3.262864, 101.443298
Year of Completion: 2023 for entire development
Built-up Area:
- Terrace houses: 1,542 sq ft to 1,865 sq ft
- Condominium: N/A
- Rumah Selangorku apartments: N/A
Facilities:
- Parks
- Children’s playground
- Jogging track
- Football field
- Shaded area
- Multi-purpose hall
- Prayer rooms
Launch Price:
- Terrace houses: From RM475,000
- Condominium: N/A
- Rumah Selangorku apartments: RM100,000, RM180,000, RM220,000
Price Per Sq Ft: Average RM259 / RM255 per sq ft (Phase 1)
Project Details
Divided into three phases, Phase 1 of Myra Alam consists of Type A and Type B double-storey terrace houses. Unveiled in June 2018, both unit types feature land size of 20 x 70 feet. The built-ups are from 1,542 sq ft to 1,865 sq ft. Type A has 4 bedrooms and 3 bathrooms with a backyard garden, while Type B comes with 4 bedrooms and 4 bathrooms.
Units were priced from RM475,000 before the developer’s early bird discount. Phase 1 comprises 106 units and as at June 2019, it has seen a take-up rate of 65%.
The developer plans to launch Phase 2 when they have hit 70 to 80 per cent sales for Phase 1. Phase 2 of the development is planned to be an upgrade in terms of built-up and land size, whereby they will be the largest set of homes within the area.
Phase 3 of Myra Alam will offer premium houses, and will be launched after Phase 2 has achieved 70 to 80 per cent sales. Phase 3 will have units facing green spaces, landscape and parks.
Taking much pride in offering practical homes, Myra Alam promises to deliver affordable real spaces for families to live and grow in. Phase 1 is slated for completion by 2020 while the entire development is expected to be completed in 2023.
Myra Alam is not a strata development. However, the developer will build a guard house and fencing for the development. OIB Group sales and marketing general manager Wendy Lim said, “We will get the consent (from the residents) to convert Myra Alam into a gated-and-guarded community in the future. We will also stay on to manage the development for a few years before passing the task on to the residents association, just like what we have done in our previous projects.”
|
Unit Types |
Built-Up |
Launch Price |
|
Double-storey terrace (Phase 1)
Type A
Type B
|
· 20’ x 70’ · 1,542 sq ft (intermediate) – 1,594 sq ft (corner) · 4 bedrooms · 3 bathrooms
· 20’ x 70’ · 1,838 sq ft – 1,865 sq ft · 4 bedrooms · 4 bathrooms
|
From RM475,000
|
|
Condominium |
To be launched |
To be launched |
|
Rumah Selangorku Apartment
Type B
Type C
Type D
|
N/A
N/A
N/A |
RM100,000
RM180,000
RM220,000 |
Location
The development enjoys easy access via the North-South Expressway, Guthrie Corridor Expressway (GCE), Kuala Lumpur-Kuala Selangor Expressway (LATAR) and the completion West Coast Expressway (WCE) and Damansara-Shah Alam Highway (DASH) in 2019. With DASH, residents will only need approximately 20 minutes’ drive to get to the Kuala Lumpur city centre. DASH will be the main connector between the Guthrie Corridor Expressway (GCE), the New Klang Valley Expressway (NKVE), the Damansara Puchong Highway (LDP), and the Penchala Link.
Myra Alam is one of the closest new developments to the LATAR highway interchange, which will be ready by the time Myra Alam is completed. Once operational, the highways will ease traffic congestion in the area. Indirectly, it would also help to stimulate the economy along the highway corridor. Additionally, the Universiti Teknologi Mara (UiTM) Hospital at the UiTM campus is expected to promote medical tourism.
Accessibility
- North-South Expressway
- Guthrie Corridor Expressway (GCE)
- Kuala Lumpur-Kuala Selangor Expressway (LATAR)
- West Coast Expressway (WCE)
- Damansara-Shah Alam Highway (DASH)
- Kuang KTM
Education
- Universiti Teknologi MARA (UiTM)
- SK Saujana Utama
- SK Puncak Alam
- Sekolah Agama Menengah Rakyat
- HELP Subang 2
- SK Kuang
Medical Care
- Universiti Teknologi Mara (UiTM) Hospital
- Klinik Medivron Alam Jaya
- Klinik Desa Puncak Alam
- Sungai Buloh Hospital
Shopping
- Econsave Alam Jaya
- Tesco Puncak Alam
- NSK Meru
- AEON Rawang
Recreation
- Tasik Puteri Golf and Country Club
- Kundang Lakes Country Club
- Setia Eco Park
- Kelab Rahman Putra
Analysis
Puncak Alam is a developing area, where many established property developers have made their presence known. The area was formerly a palm estate of the Federal Land Development Authority within the locale of Bukit Cherakah. The main town in Puncak Alam was launched in 1997. Currently, key developers in Puncak Alam include IJM Land Bhd, Eco World Development Group Bhd, Oriental Interest Bhd (OIB), Worldwide Holdings Bhd, MKH Bhd, LBS Bina Group Bhd, Guppyunip Group, and Perfect Eagle Development Sdn Bhd.
Several of the new areas in the township include such as Eco Grandeur (Eco World), Shah Alam 2 (IJM Land), Myra Alam (OIB), Puncak Bestari (Worldwide Holdings), Alam Perdana (LBS), Pelangi Seri Alam (MKH), Puncak Alam Jaya (Guppyunip), and Aquile (Perfect Eagle).
OIB said that Myra Alam is designed to meet the gap in the property market in Puncak Alam where most new landed homes are priced at RM600,000 and above per unit. Homes that are priced below RM600,000 are usually either high-rise developments or townhouses with smaller built-up sizes. During the launch of Phase 1, Myra Alam’s double-storey terrace houses were priced from RM475,000.
Puncak Alam was considered relatively far away from the Kuala Lumpur city centre in the early 2000s. Today, many developers are developing a multitude of properties, and this is a testament of the location’s potential as one of the corridors for growth.
Here’s a quick look at landed properties in Puncak Alam.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Myra Alam by OIB Group |
Leasehold |
2-storey terrace |
2020 |
1,542 sq ft – 1,865 sq ft |
From RM475,000 |
|
Alam Suria Enclave (Type E) by IJM Land |
Leasehold |
2-storey terrace |
2020 |
1,620 sq ft – 1,715 sq ft
|
From RM519,000 |
|
Puncak Bestari (Azalea) by Worldwide Holding Bhd |
Leasehold |
2-storey terrace |
2019 |
1,751 sq ft – 1,879 sq ft |
From RM607,500 |
|
Bandar Seri Coalfield (Hemingway – Type C) by KLK Land |
Freehold |
2-storey superlink |
2020 |
2,368 sq ft – 2,563 sq ft |
From RM848,000 |
|
Eco Grandeur (Graham Garden) by Ecoworld |
Leasehold |
2-storey terrace |
2019 |
1,521 sq ft – 1,743 sq ft
|
From RM529,000 |
|
Bandar Hillpark (The Palm) by MKH |
Leasehold |
2-storey terrace |
2019 |
1,474 sq ft
|
From RM529,000 |
|
Irama Perdana by LBS |
Leasehold |
2-storey terrace |
2020 |
1,191 – 1,208 sq ft
|
From RM509,900 |
Summary
When IJM launched terraced houses in 2001, units were priced at RM119,000. In 2018, the same units were worth about RM500,000 to RM600,000. Most new launches for landed properties in Puncak Alam are approximately in that range today.
Purchasers are probably attracted to properties in Puncak Alam because they are considered value for money. Puncak Alam is rapidly transforming into a self-contained township in Kuala Selangor. Property players believe this new growth area is destined for bigger things, and this is evident in the growing presence of property developers in the area. The township is certainly more vibrant now than it was a decade ago, though it is still lacking a decent neighbourhood mall for the residents and younger generation.
If you are interested in a 2-storey terrace house in Puncak Alam that is priced at RM500,000, the monthly repayment would be approximately RM2,227. This is based on a 30-year 90% LTV loan of RM450,000 with an interest rate of 4.3%. The monthly repayment figure is derived from Home Loan Calculator.
With new developments, you can take advantage of early bird promos for developers’ new launches and lock in a low down payment deal.
