First Post

Bought 1 unit 1+1 Residence with 8% early bird discount given by the developer Prostasco. Wanted to get 2 bedroom but my debt service ratio at that time could not take the burden.

Disclaimer : 

I am in no way related to the property company. I am also not an employee of Protasco. I am just a purchaser of one of the units of the property. The objective of setting up this blog is to document down what is being promised by the developer and see what the final product will be. It will also serve as a platform for advertising units for rent and sale once the project has been completed. My opinions might be bias but I do try to be as objective as possible. My intention is mainly to create a platform for people who want to know more about the property to visit this blog as once the project completes, the developer site will be close down and focus changed to another project (eg. Unipark 2). I hope to add in more information which the developer does not provide like site progress, and differences between units etc.

I bought this project mainly due to its close proximity to my work location in Bangi. Some of the reasons why I considered this project :

• The population around this area is growing
• 10 years ago traffic jams were literally nonexistent. There seemed to be an increase in jobs around . This means that this place has got jobs around. More jobs means more demand for housing.

• Reputable Architect 
• The architect of the project was Veritas Design, a multidisciplinary architect company synonymous with the famous Tribeca residences in Bukit Bintang. I figured that with the backing of a star architect company, the work should not be too shoddy. I hear in interviews of the founder David Mizan Hashim always talking about being meticulous about quality..blah blah. This negates my fear that the smallist Developer Protasco would not be able to deliver a quality product.

• KVMRT2 station outside 5 minutes
• Buying just next to MRT (Mass Rail Transit) is a no brainer. Update : MRT2 alignment has been changed and there is no longer a station at Uniten, De Centrum area. The nearest would be at Serdang. As for MRT1 the nearest is Kajang. The developer has proposed to have a shuttle bus from De Centurm to MRT1 Kajang station.

• Mall just below the residences
• Properties with a mall element underneath seems to command a premium during the time I wanted to invest. Update : The mall space is so small that I would not dare call it a mall. The saving factor is this place is super near (10mins drive) from IOI City Mall, the biggest mall in South Klang Valley.

• Education Hub
• IUKL and Uniten are literally surrounding the property, so I figure worst case is just rent to students. I might not get good rental rates compared to working class people but at least this is a cushion.

• Company financials in sound condition
• I did a check on the company's (Protasco) annual report and it was in the green, making a healthy profit and have several government road projects. Even though the developer has got no real experience in developing such projects but I figure at least they should be able to complete it with their sound financial background.

• Company has got a masterplan
• The company has got a masterplan on the development so the Decentrum project probably won't be a one off job. There will probably be many more projects coming in around the Decentrum project area with the Decentrum mall as the center of gravity. The company also owns a University (KL Infrastructure University) specializing in architecture, urban design and civil engineering works, so if they can use these skills and put it into real world projects it won't go too far off.

• Location
• Project is visible at intersection of highways and access to it seems fairly easy. Visibility means that it has to potential to become a Kajang landmark, no need to explain in detail to people how to get to the project site.

The salespeople will tell you this place is going to be the next Mont Kiara or Desa ParkCity. They also mentioned that the SOHO block was suppose to be sold of to a 4 star hotel chain which turned out to be untrue. I do not believe in this type of sales pitch but I would be glad to be proven wrong as I'm already invested here. This place might become Mont Kiara or Desa ParkCity but it won't be within 5-8 years, I personally believe if this place were to become the next Mont Kiara, it would take at least 15 years for the transformation.

At the time of purchase, there was a nearby similar project called Univ360 by F Capital. I also did consider it but ended up choosing the Decentrum project. I will make a post on this once both projects are up and running.

De Centrum Sales Gallery

Artist Rendition of De Centrum Mall, Residences and SOHO