Taman Lestari Permai

Taman Lestari Permai is a housing development in Bandar Putra Permai, Seri Kembangan. It was originally launched in early 2004, but was only recently completed due to the financial issues faced by its original developer, Europlus Construction Sdn Bhd (subsidiary of Talam Corporation). IJM then took over, and started to re-build this project in 2008.This housing project of Taman Lestari Permai involves several phases of construction. Phase 1A consists of 238 units, Phase 1B of 150 units, and Phase 1C of 68 units. Phase 2 has 133 units. Units are single storey link terrace houses. The single storey homes have 3 + 1 bedrooms and 2 bathrooms. They are situated on a land size of 20' x 70', and have a built-up area of 1,400 sf.Taman Lestari Permai is easily accessible via the Kuala Lumpur - Putrajaya Highway and Damansara - Puchong Highway. Nearby township amenities include Kompleks Pasar Borong Selangor, Jaya Jusco Equine Park, eateries, clinics, petrol stations, and schools. Schools of note include the Alice Smith International School. The Equestrian Royal Academy is also close by.

Property Details

Name: Taman Lestari Permai

Developer: Europlus Construction Sdn Bhd & IJM Land

Address: Off Persiaran Pinggiran Putra 2, Bandar Putra Permai, 43400 Seri Kembangan, Selangor

Tenure: Leasehold

Type: Single Storey Terrace House

Subsale Price: RM300,000 - RM450,000 (in Q1 2015)

Rental: RM850 - RM1,100 (in Q1 2015)

Market Trends

Analysis

Taman Lestari Permai is situated on 76 acres of leasehold land, just opposite the Putrajaya Gate 2 Entrance. Half constructed by Europlus Construction (a subsidiary of Talam), this project is accessible via Lebuhraya Damansara Puchong, Puchong - Serdang bypass, and Jalan Puchong. The original proposed development of Taman Lestari Permai consists of 1,004 residential homes, 24 double-storey shops, and seven low-cost shops. Construction stalled in 2005, and resumed in 2008 when IJM Land took over. Currently, the CF issued is the temporary CF to allowed the necessary facilities like water, electricity and IWK.Source from Selangor Town and Country Planning Department (JPBDS), initially it is planned for commercial building project due to its strategic location. Nevertheless, the developer managed to construct affordable single storey terrace houses for low income netizens.Back in 2013, one buyer wrote that the land title is still under master title. Since the unresolved issue between JPBDS, PTG Selangor and Europlus Construction has been going on for a while. It is hoped that title will be assigned to the homeowner soon.