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Continue Reading ⋅ 19 February 2022
If you hail from Kajang, you will probably have heard of TLS Group. TLS Group’s property interests in mainly vested in Kajang and its neighbouring suburbs such as Semenyih, Sungai Chua and the recent Mutiara Heights.
In recent years, it has completed a total of 5,290 properties with a Gross Development Value (GDV) exceeding RM926 million. The company was initially setup as a construction company in 1997. It later ventured into property development in 1995 and the rest is history.
Apart from property development, TLS Group has interests in a few other areas such as engineering, property investment and fitness centre operation.
A few of its esteemed developments that include Ameera Residence and Ivory Residence located in Mutiara Heights. It has also built several commercial projects such as P12 Shop Offices at Sepakat Indah 2 and Mega Industrial Park. It is also owner to the renowned TLS Fitness Centre Clubhouse located in the heart of Kajang.
Address: Mutiara Heights, Kajang.
Property Type: Condominium
Land Title: Residential
No. of Storeys: 30
No of Units: 461
No of Blocks: 1
Tenure: Freehold
Sales Gallery: Mutiara Heights Sales Gallery, Jalan Mutiara 3, Kajang, 43000 Selangor
Site GPS Coordinates: 3°0’45″N 101°48’50″E
Expected Date of Completion: December 2019
Built-up area: 1,250 – 1,945 sq ft
Facilities:
- Leaf Piazza
- Wading Pool
- Swimming Pool
- Pool Deck
- Children Playground
- Meditation / Yoga Deck
- Open Lawn
- Resting Deck
- Bicycle Jogging Track (700m)
- BBQ Pit
- Gazebo
- Water and Landscape Feature
- Gymnasium
- Multipurpose Hall
- Basketball Court
- Outdoor Fitness Area
- Hopscotch
- Study Area
- Garden Trellis
- CCTV Monitoring
- 24 Hours Guard Patrol
Launch Price: RM744,800 – RM1,088,000
Price psf: Approximately RM 395 psf
Maintenance Fee psf: RM 0.27 including sinking funds (RM31.25 sinking funds per month)
Parking Bay/s per Unit: 2
Special Features:
- Sky garden
- Wide and long balcony 5 x 12 ft
Project Details
Located strategically in the heart of Mutiara Heights, Oasis 2 is introduced after the success of its predecessor Oasis 1. The freehold development will be built over a vast land area of 7 acres.
The single block development will house a total of 461 units. At 30 storeys high, it will be one of the highest condominiums that you can find in Kajang.
The ultra low-density development will have on 15 units on each floor with 5 lifts servicing each floor. At such an arrangement, which emphasized on privacy and exclusivity, residents will be able to enjoy quietness and peace of living.
The development introduces 7 different layouts for purchasers to choose from with built-up ranging from 1,250 to 1,945 sq ft. The layout is divided into Type A1 (1,405 sq ft), Type A1-1 (1,945 sq ft), Type B1 (1,250 sq ft), Type B2a (1,298 sq ft), Type B2a-1 (1,598 sq ft), Type C1 (1,630 sq ft) and Type D(1,354 sq ft). The units comprise of 3 bedrooms and 2 bathrooms.
The launching price is set between RM 704,800 to RM 1,088,000 before rebate. The developer is currently giving 9% rebate and 1% cashback. It is estimated to be around RM395 psf. after rebate, which is considered to be a good buy.
The development is expected to be complete in 2019. Maintenance fee will be charged at RM 0.25 psf. with RM31.25 sinking funds per month.
The developer is currently doing a promotion where purchasers would only have to make booking for as low as RM 1,000. SPA legal fees and bank loan legal fees will be covered by the developer. Additionally, purchasers will enjoy 3 months maintenance fee and sinking funds free of charge.
Purchasers will also enjoy waiver of 1st year quit rent and fire insurance premium. The developer will also bear the water and electricity deposit.
Each unit will come with 4 units of branded air-conditioners and built-in kitchen cabinet with hood and hob. Each unit will also have 2 covered car park bays.
The most attractive factor of this development is its spacious and long balcony at 5 x 12 ft. The balcony extends all the way from the living hall straight to the master bedroom.
Location
Most of us are familiar with Kajang mainly due to its famous Kajang satay. There has been many stories revolving around the roots of Kajang but the most prominent one is the discovery of Kajang by an indigenous tribe somewhere in the 1800s and its name is based on a type of screw pines that is used to make house roofs.
The township which belongs to Selangor was granted municipal status on 1st January 1997. The most recent statistics shows Kajang’s population is an estimated 340,000 with majority being Malay at 60%, Chinese at 20%, Indian and other ethnic groups making up the remaining 20%.
Today, Kajang is a developing township with many developments ongoing. The recent MRT project, which will connect Sungai Buloh to Kajang is set to increase the value of properties in Kajang.
The township boasts a few of the nation’s leading universities such as Universiti Tunku Abdul Rahman (UTAR) Sungai Long Campus, Universiti Tenaga Nasional and Infrastructure University Kuala Lumpur. The place has since become a favourite for students looking to further their tertiary studies due to its lower cost of living to compare to Kuala Lumpur.
In recent years, there has been a mushrooming of high-end developments to cater to rising accommodation needs. Projects such as Twin Palms, Sri Banyan, Jade Hills, TTDI Groove, Tropicana Heights and Prima Paramount are example of establishments in Kajang. Another esteemed development in Kajang is Country Heights, which caters to the higher end clientele.
Several new townships have been established over the years in Kajang such as Taman Prima Saujana , Sungai Chua, Taman Kajang Perdana also known as Kajang Highlands. The bustling and more densely populated Sungai Chua is a rising gem, which sees rapid development consisting of both residential and commercial projects.
Analysis
|
Name |
Land Tenure |
No. of Blocks |
No. of Units |
Selling Price |
|
Oasis 2
|
Freehold |
1 |
461 |
Between RM744,800 to RM1,088,000 |
|
Ivory Residence |
Freehold |
3 |
455 |
Between RM480,800 to RM600,800 |
Summary
Targeted at young professionals, investors, retirees and families alike, Oasis 2 is the preferred abode no matter which class you are in. For those looking for own stay, this is definitely a good buy considering its low price per sq ft coupled with its massive built-up featuring a huge balcony with mesmerizing views. For investors, it is a good buy too considering the booming status of Kajang township.
