MISC HOUSING PROJECTS | General Thread [Archive]

rizalhakim

June 17th, 2008, 06:04 AM

Inspiring Excellence

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Malton is noted as a developer of upmarket homes as well as trendsetting commercial developments such as the VSQ.

The Malton Group has been one of the country’s prominent developers for over 27 years.
Malton’s prowess as a developer includes dream homes and commercial developments that are admired in the industry. Malton is not only a dream home specialist but noted as a developer of prominent landmarks and housing development with superlative quality and innovative distinction.

Amaya Saujana @ Saujana Resort

Enchanting Amayan Luxury

Rising 13 storeys high, the freehold Amaya Saujana development fans out artfully with well-designed residential suites that combine luxurious modern living with space and comfort.

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The sizeable built-up space ranges from 1,569sq ft to 1895sq ft. Every unit features en-suite bedrooms with premium quality finishes.

The sizeable built-up space ranges from 1,569sq ft to 1895sq ft. Every unit features en-suite bedrooms with premium quality finishes.

Located opposite the prestigious Saujana Golf & Country Club in Subang, the Amaya Saujana is an artistic medley of stylish tropical accents, comfort, convenience and value that ultimately is a haven for those who seek a luxurious lifestyle.

V Square (VSQ) @ PJ City Centre

Enhancing Your Metropolitan Working Lifestyle

V Square (VSQ), located along Jalan Utara in Section 14 is encapsulated in its motto to be ‘Vibrant, Vital & Visionary’ – sound business traits. The established business district of PJ was chosen as it is set to be tomorrow’s commercial trendsetter. Like four sides to a perfect square, VSQ balances the four key elements for business success – accessibility, functionality, security and style. It ultimately reflects the future trend for PJ as the iconic business hub in the Klang Valley.

The epicentre of VSQ is the 20-storey Corporate Twin Towers, complemented by the 17-storey Corporate Business Suites and the seven-storey Corporate Offices with a Retail Podium on the ground floor.

Completely integrated with every functional aspect of a super commercial hub, it is designed to offer a contemporary working environment featuring lifestyle facilities such as a swimming pool, gymnasium, sauna, and WiFi connectivity. At VSQ, every top-of-the-range lifestyle facility and service will literally be at your doorstep to enhance your working lifestyle.

It will ultimately help attain and maximise your business potential by providing you with peace of mind, inspiration and the right environment for business success.

Bayu Villas @ Bukit Rimau, Shah Alam

Living Next Door To Nature

The Bukit Rimau Township is a pleasure oasis where quiet walks can be taken around the neighbourhood and gardens, away from the hustle and bustle of the city. Its tropical and lush setting is perfect for families.

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Bayu Villas, the final phase of Bukit Rimau showcases 36 artistic homes facing the Bukit Kemuning Golf & Country Resort.

Bayu Villas, the final phase of Bukit Rimau showcases 36 artistic homes facing the Bukit Kemuning Golf & Country Resort. Its ultimate aim is to satisfy the discerning homeowner’s quest and appreciation for detailed landscaping. It is the obvious choice for those who prefer style and substance; where the presence of a tropical sanctuary helps them unwind and re-energise. The respite from the chaos of city life truly translates into gracious living. Clean and simple lines are evident both in the interior and exterior of the homes. Bayu Villas also feature such luxuries like a jacuzzi with a view in the master suite, an outdoor water-filtration system and motion-detector lighting system for the exterior.

Mutiara Indah @ Puchong

The Pearl Of Puchong

Mutiara Indah is strategically located at the south-east quadrant of the Puchong Town Centre, amidst the buzz of classy development in an established neighbourhood. The development comprises cluster homes, semi-detached and terraced houses, apartments and shop offices.

Perched on verdant elevated land, Mutiara Indah’s latest development of two-storey link homes and two-and-a-half-storey “link bungalows” within an exclusive gated community offers a panoramic view of its surrounding landscaped gardens. Its prestigious location enhances lifestyles complemented by easy access to the facilities and amenities that a family needs. The modern facade and practical layouts are further supported by perimeter fencing and a 24-hour guardhouse for complete peace of mind.

The Grove@SS23, PJ

Rare And Exceptional

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The Grove at SS23 Petaling Jaya is an exclusive development limited to 35 three-storey, freehold homes.

One of Malton's latest and exciting new projects is The Grove@SS23 PJ. Since opening for registration, it has received overwhelming response – clocking up in excess of 300 prospective buyers. Limited to only 35 exclusive freehold units of three-storey bungalows and “link bungalows”, The Grove is a gated and prestigious residential development situated in the mature neighbourhood of SS23 in Petaling Jaya.

Tastefully designed to ensure the comfort of its residents through well-planned layouts, these designer homes offer tropical-garden living experiences and come with harmonious water features that ultimately form the centrepiece of the home. Each home is fitted with 6+1 ensuite bedrooms and features lift provisions to cater for the future needs of a growing family.

This natural sanctuary is filled with all the facilities to fulfil your every need and fancy. This is the place where a family truly gets to live the beautiful life. Situated in a premium location in close proximity to mature neighbourhoods, established amenities are just around the corner to cater to all your needs.

Service Apartment with Retail Podium at Taman Maluri, KL

In the pipeline is another mixed commercial development project consisting of service apartments and a retail podium, located in Taman Maluri, Cheras. It is located in the south of KL City Centre, next to the Jusco Shopping Mall in Taman Maluri.

Residents will have full access to the amenities surrounding the development while enjoying a metropolitan lifestyle and full panoramic view of the KL city skyline with 24-hour security. All major highways are easily accessible while the KL City Centre is just a five-minute drive away. It is surrounded by established commercial developments such as banks, shopping complexes and business offices. The service apartments have full condominium facilities.

liping_t

June 17th, 2008, 04:08 PM

I think the property market is going to be affected by the economic downturn soon, esp the middle price rung from 300-500k

rizalhakim

June 20th, 2008, 07:43 AM

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Property Type : Double Storey Terrace House
Built-Up/Floor Plan : 20' X 70' / Floor Plan
Tenure : Freehold
No. Of Bedroom : 4 Bedrooms
No. Of Bathroom : 3 Bathrooms
Mp of Units : 138 unit
Completion Date : Jun 2010
Price Range : Bumiputera (Min)RM215,000.00 (Max)RM298,361.00
Non Bumiputera : (Min)RM231,183.00 Max)RM320,819.00

For further information, please contact:
03 - 2274 2277
019 - 669 6988
019 - 334 1051
012 - 262 9319

rizalhakim

June 20th, 2008, 07:56 AM

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rizalhakim

June 20th, 2008, 07:59 AM

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rizalhakim

June 20th, 2008, 08:21 AM

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You can be where you want to be.
Enveloped 360° by the fresh face of nature, each daydream climbs unseen, as you are unseen.
Let speeding cars, nervous folks and deadlines pass below while you climb in clouds above.
Rimbun 360 Welcome Home.

Living in a freehold guarded hillside community is the dream of many where the hectic city life is a way of life for many. Welcome to Rimbun 360 where unlimited access to the natural landscape will refresh and rejuvenate your senses.

Orientated toward unobstructed views and away from the hustle and bustle of the city life and perched on a hill, Rimbun 360-a guarded community offers one the choice of of bungalows where the pre-designed street furniture lends a unique character to the development and where sensorial experiences are enhanced with the planting of trees lining the ascending roads. Each unit is designed to suit the natural terrain. Tropical and modern in design, the development will maintain clean and minimal designs so as to give it a natural landscaped feeling.

Spread over approximately 42 acres of land, the development will consist of 152 units of bungalows featuring spacious built up areas. The feature wall at the end of the car porch with its different colour tones and finishes provides a unique identity and character while the car parks located at the front of each unit serves as a buffer between private and public spaces. The introduction of double-volume ceilings allow for natural lighting and generous views. At night, when lit from the inside, each unit presents itself as floating lanterns or floating light boxes, giving the whole development a warm feeling.

Internal courtyards within the spaces are designed to blend nature into the living spaces and allow for natural lighting. In addition, the pre-selected trees have been specially selected to add character to the unit, thus transforming the space into the core/heart of the unit.

Projected Launch Date: To be confirmed
Land Area: 42 acres
No. of Units: 152 bungalows
Built-up Area: from 4,000 sq. ft. onwards

Contact
IJM Properties Sdn Bhd
Address: Ground Floor, Wisma IJM,
Jalan Yong Shook Lin,
46050 Petaling Jaya.
Telephone number: 603-79858189

rizalhakim

June 20th, 2008, 08:25 AM

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Information

Land Area: a) Semi-D - 34' x 80'
b) 2 1/2 Storey Pavilion Links - 22' X 80'
No. of Units: a) Semi-D - 10 units
b) 2 1/2 Storey Pavilion Links - 100 units

Facilities / Amenities
Easy access to city centre via MRRII
Near to educational institutions, shopping malls, hypermarkets, hospitals, embassies and hotels
Near to matured township :
Ampang
Taman Melawati
Bukit Antarabangsa

Contact Us
Address: Sales Office
Jalan UP 5/7,
Ukay Perdana,
68000 Ampang,
Selangor.
Telephone number: 603-4108 1818
Fax number: 603-4108 2798

nazrey

June 22nd, 2008, 02:00 PM

Futuristic facade for a hill-top home
Saturday June 21, 2008
By THEAN LEE CHENG
TheStar

IT takes a lot of courage to do the unprecedented. While it is natural for any land owner to want to build himself a dream home, of whatever shape, style or size it may be, it takes another to put so much emphasis on the roof, which was what this particular owner did.

Holidaying in Barcelona, Spain three years ago, he came across houses with titanium roofs. He was intrigued.

“Titanium is a metal. It has the strength of a space shuttle, depending on the thickness of it. It is durable. And when it rains, there is hardly any sound. It can last 50 years without maintenance and the wonderful part of it is that, it does not leak nor rust.

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view of the curved titanium roofing from the front. The common corridor on the
first floor runs across the entire length of the house behind the louvred windows.

“While these can be reasons why I opted for it, essentially, I wanted something different and something beautiful,” he says. He says the metal does not heat up the house as it comes with layers of insulating materials.

Located in Country Heights Damansara, a new area straddling Kuala Lumpur and Petaling Jaya, with a Kuala Lumpur address, the two-storey house has a rather futuristic facade.

The burnished sheen of the metal and the way it curves over the first floor gives the house a rather space-ship look.

“It would be expensive to have it as one single sheet. So I had it done in pieces. The fact that it is curved makes it more difficult to do. An installation team from Singapore was despatched over and special machines brought in from Germany,” says the owner who says this is the only house in the country to have a titanium roof.

The house is designed by a Singapore architect (www,lookarchitects.com.sg).

The rest of the house, the front and back and sides, are glass with timber cladding.

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A view of the pool and Bukit Lanjan forest reserve from the guest room.
Notice the glass and timber cladding of on the right which form the wall of
the house.

Hardwood balau is used for the external cladding and deck while merbau is used internally. While the external focal point of the house is the roof, the internal emphasis is the view.

Because the house is located on one of the three peaks that form Country Heights Damansara, the owner has designed the house to emphasise the Bukit Lanjan forest reserve.

Hence, the use of glass sliding doors throughout the entire length of the house on the ground floor and on the first floor.

All the four rooms upstairs are located on a long line sharing a common balcony on one side and a long common area on the opposite side.

The balcony overlooks the forest reserve. A flight of merbau steps from the ground to the first floor separates the master bedroom from the rest of the three rooms, which come with attached bath rooms.

A guest room downstairs also has its sliding doors opening out to the forest reserve and the swimming pool.

Salient points: Double-storey freehold bungalow with pool (RM8.5mil, Christine Chua, 012-314- 2864, Bungalow World 03-7957-0017,
www.bungalowworld.com.my) Land area: 10,000 sq ft Built-up: 6,500 sq ft Five bedrooms ensuite

rizalhakim

June 24th, 2008, 04:41 AM

Asas Dunia raises prices

GEORGE TOWN: Asas Dunia Bhd is raising prices of its new landed properties on the mainland by 25% to 30% next year due to soaring energy and raw material prices.

Group managing director Datuk Jerry Chan said the group planned to launch 1,176 single- and double-storey terraced and semi-detached properties in Bukit Mertajam, Jawi and Nibong Tebal.

The gross development value of the new properties is about RM215mil.

“We are likely to start construction work in two months. We will launch the properties only when we have completed about 50% of the units next year,” he said after the company AGM yesterday.

To reduce construction costs, the group would build units with smaller built-up areas, Chan said.

“We would also build more single-storey units, which will comprise about 30% of the new launch,” he said.

For existing unsold properties, the group would increase selling prices by about 10%, he said.

Landed properties on the mainland are currently priced between RM110,000 and RM300,000 per unit, depending on the built-up area, type and location.

Chan said soaring raw material prices would result in lower supply of properties.

“Developers will be more cautious in launching new projects. The population will continue to grow while there will be limited supply of properties.

“In this scenario, property prices are likely to escalate further,” he added. – By DAVID TAN

rizalhakim

June 24th, 2008, 04:48 AM

Hope for Medan Damansara residents
By CHRISTINA LOW

RESIDENTS of Medan Damansara were once again given a ray of hope when they were informed that the Damansara 21 development project taking place just behind their houses might be illegal.

At a press conference organised by the residents committee on Sunday, members of the media were shown two letters addressed to the Kuala Lumpur City Hall (DBKL), by the Drainage and Irrigation Department (DID) and the Department of Minerals and Geoscience respectively, which clearly stated that the developer of the luxury bungalow project had violated regulations set by the departments.

The DID letter dated June 12, 2008 stated that the developer had failed to produce detailed Erosion and Sediment Control Plans (ESCP) and there was no signature of acknowledgement from professional engineers on each of the plans. It had previously submitted photocopies with no colour shading of the different structures in it.

The DID director also mentioned in the letter that the developers had submitted a letter to DBKL during a meeting in Putrajaya on May 20, 2008 that gave the wrong impression that the department had approved and accepted the ESCP submitted.

Meanwhile, a letter issued by the Department of Minerals and Geoscience to DBKL on June 17 stated that, after a site inspection with residents and a study of the Construction Suitability Map, the department found that it was true that the developers had begun work on the slope of more than 35 degrees.

“How can you start a development without the ESCP report?

“Before you get approval for any plans, you must first obtain the ESCP, which shows where the high- and low-risk areas are, as well as the necessary actions that should be taken to mitigate erosion.

“Based on both the letters, all had not been approved before the Development Order was issued,” said planning and local government expert Derek Fernandez, who was on hand to explain to and answer questions from the residents.

Fernandez also said that as far as planning was concerned, all Federal guidelines had to be applied as stated by the DBKL in the Kuala Lumpur Structure Plan 2020.

“For this project, two separate Federal guidelines – environment and planning – had been clearly been violated.

“The Federal Planning Depart-ment is clear, in relation to hillslope development as stated in the total planning guideline, that there should be no housing development above 25 degrees, while the second set of guidelines from the Environment Ministry is based on a cabinet directive that there will be no development above 35 degrees (Class 4) but allows developments between 25 and 35 degrees (Class 3) subject to certain reports, such as the ESCP, Geotech and Geology reports, being approved before the Development Order (DO) is issued.”

Both the letters were shown and explained to about 100 residents who were present at the gathering.

“The documents here show they have cut the hill more that is than 35 degrees, so whatever guidelines they used had been violated and no ESCP had been approved yet.

“The letters do suggest that the laws have not been followed, and the DO development order (DO) that had been issued is perhaps not legal as it has not complied with several laws which are required to be complied with by the DBKL,” said Fernandez.

Hillside development is controlled by the DBKL under its Structure Plan 2020, where under its Physical Environment section, policy EN6 states that DBKL shall not permit development on a hillside with slope that exceeds the allowed level stipulated in the rules and regulations set by the Federal Government.

“If you look at the Federal Territory Planning Act, development means putting up any kind of structure, cutting hillslopes ... even putting up a hoarding board is development,” said Fernandez.

The residents' meeting was called after KL mayor Abd Hakim Borhan had told the press at a meeting on June 13 that the developer of the Damansara 21 project would be resuming works in August as it was expected to complete its rectification works then.

In April, SDB Properties was slapped with a RM100,000 compound as well as a stop-work order after failing to comply with safety standards.

The Damansara 21 project, which began in early December 2007, comprises 21 bungalows costing between RM10mil and RM15mil each.

During the meeting on June 13 Hakim had denied claims by residents that he had wrongly approved the development.

He also mentioned that the DBKL had sought and heeded professional advice from Government officials on the project and felt that the project could be allowed to proceed on condition that certain rules be met.

‘We want the project to be stopped and we want to meet the KL mayor to discuss this matter further, because with the report that we have seen, the slopes are 35 degrees steep, which is more than what is allowed.

“We are opposing the development because the place was once a green area and the safety of the residents is at stake after the tree fall incident last week. That is why the residents want the project to be nullified,” said Medan Damansara Residents Association president Datuk Seri Dr Abdul Shukor Abdullah, who hopes the National Physical Planning Council will look into the project again.

Also present during the meeting were Segambut MP Lim Lip Eng and Wangsa Maju MP Wee Choo Keong.

When contacted, SDB Properties communication and corporate affairs manager Lina Othman said the company had submitted the ESCP to DID on Nov 1 last year together with a copy of the cover letter with acknowledgement stamp, but they were informed that the DID had not received it and a resubmission was made on May 30 this year.

“We were informed via a letter dated June 12 addressed to DBKL which was copied to us, that they required us to submit a copy to comply with certain requirements. This was duly done and submitted on June 19,” said Lina.

She, however, said they were unaware of the letter from the Department of Minerals and Geoscience addressed to DBKL’s Public Works Department dated June 17.

rizalhakim

June 24th, 2008, 04:52 AM

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live in the moment, be one with your surroundings

Living at 20trees, each day takes on a natural rhythm of life.

The day begins with a greeting from your neighbours, the majestic Melawati quartz ridge in the near distance. In the afternoon, the shady sun-dappled courtyard – your own secret garden – beckons you for a quiet interlude. In the evening, gently winding roads entice you with the promise of a surprise at every turn – 20 surprises that reveal the serene heart of Nature in all her many aspects.

20trees was designed and developed to integrate and harmonise the human experience within a natural landscape. Working in synergy with nature, the environment of 20trees follows the natural contours of the land in the form of cascading terraces. This organic approach has the added benefit of ensuring that the limited edition residences and low-rise apartment blocks embedded into the slopes, all have a breathtaking view of the magnificent Melawati quartz ridge in the near distance.

Every aspect of the enclave has been designed to draw one’s attention to the beauty of the natural landscape while encouraging an awareness of the present moment. Travelling along the meandering streets of 20trees, one is constantly delighted to discover that no two streets have identical profiles. At every moment, at every turn, 20trees engages your senses and your spirit, redefining luxury by reminding you of what’s truly important in life – contentment, peace of mind and joy.

The Residences and Apartments in 20trees are without question luxury homes. Yet they all bear the hallmark of SDB Properties – a sense of practicality in terms of spaciousness and layout. The marriage of function and aesthetics is evident throughout the homes. Every aspect, right up to the quality of finishes, has been considered with the ideal customer’s needs and ultimate satisfaction in mind.

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rizalhakim

June 25th, 2008, 04:48 AM

Amarin to launch luxury units in Q3
Published: 2008/06/25

THE Amarin Group, a niche boutique high-end developer, will launch its new Amarin Wickham development in the third quarter of this year.

The project is valued at RM130 million with units varying in size from 3,000 to 9,000 sq ft with an average price of RM4 million per unit, the company said in a statement yesterday.

Amarin Wickham is a low-density, low-rise luxury development of 21 units of duplexes and triplexes of innovative design set, it said. The company said it has almost completely sold out all units in its first development named Amarin Kiara.- Bernama

rizalhakim

June 25th, 2008, 06:55 AM

'Are you listening, City Hall?'
Nuradzimmah Daim

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Datuk Seri Shukur Abdullah: Residents will file a civil suit if they do not receive a satisfactory response from the mayor.

KUALA LUMPUR: Residents of Medan Damansara are threatening to take City Hall to court if the controversial Damansara 21 project is not cancelled.

The residents' association, through its chairman Datuk Seri Shukor Abdullah, described legal action as a last resort, but will file a civil suit if they do not receive a satisfactory response from Kuala Lumpur mayor Datuk Ab Hakim Borhan.

"We are seeking an explanation from the mayor of the letter we obtained from the Drainage and Irrigation Department saying it has yet to endorse the Erosion Sediment and Control Plan handed in by developer SDB Damansara Sdn Bhd.

"We also found out from the Selangor Mineral and Geoscience Department that SDB had done clearance on the hill, which has a slope of more than 35 degrees," he said.

"The idea is to stop the development altogether. We will also write a letter to the Prime Minister's office about our predicament," he said after a meeting with about 100 residents on Sunday.

Among those present were Segambut MP Lim Lip Eng and Wangsa Maju MP Wee Choo Keong. Environmental activist and lawyer Derek Fernandez from Bukit Gasing also lent his support.

He said the Kuala Lumpur Structure Plan 2020 states in its environment section that City Hall shall not permit development on slopes exceeding the allowable level set by the federal government.

"A directive by the cabinet in 2002 stated there must not be any development on slopes of more than 35 degrees.

"For development on slopes of 25 to 35 degrees, the plan must include a risk erosion map, slope stabilisation measures and geotechnical report," he said.

It was reported City Hall will give the green light for the project if the developer meets the conditions for rectification work set on April 21.

SDB was slapped with a stop-work order and fined RM100,000 for not putting up a perimeter drainage system, siltation traps and hoarding; and creating an access road on Jalan Kasah when the plan stated it should go through Jalan Beringin.

SDB had also not maintained the blue plastic covers for the slope.

Last week SDB Properties Sdn Bhd project development general manager Choy Wing Sung said the company has asked City Hall to lift the ban as rectification work had been done and requirements met.

rizalhakim

June 25th, 2008, 09:29 AM

Green Haven 2 Double Storey Bungalows @ Petaling Jaya by Dijaya Group

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Nestled amidst the lush greenery of the 18-hole Seri Selangor Golf Course at Tropicana Indah, these 12 specially designed resort bungalows are definitely worth looking out for.

Exclusivity and quality are the hallmarks of these soon-to-be-launched Green Haven 2 bungalows. With built-up ranging from 7,200 to 9,000 sq feet, each bungalow comes with a distinctive contemporary tropical façade.

The internal and external relationship is also emphasised. Large expanse of glazed openings extending the living spaces out to lush landscaped gardens with wide terraces and balconies. These outdoor spaces are ideal for special family gatherings or even that evening relaxation in the garden.

The covered car-porch can accommodate 2 cars, while the long driveway can accommodate up to 3 cars. A rich palette of material finishes are also carefully selected, to reflect the modern tropical aspect of the bungalows.

Green Haven 2 bungalows are well-suited for the whole family with well-planned spaces that are functional, easily maintained and readily adapted to meet individual needs. This particular layout is big enough to accommodate a family of 3 generations!

In short, Green Haven 2 embraces the concept of totality. A home that encompasses the elements of comfort, good living and a harmonious relationship with the family, neighbourhood and the environment.

rizalhakim

June 28th, 2008, 04:52 AM

DAMANSARA 21 PROJECT: Residents to seek justice in court
K. Harinderan

http://www.nst.com.my/Streets/Saturday/Stories/2279176/insidepix1
The controversial Damansara 21 project by SDB Properties at Medan Damansara has been given the green light.

KUALA LUMPUR: The controversial Medan Damansara is heading towards stormier waters. After trying in vain to stop the project, they now want to seek justice in court.

Randir Singh says City Hall approves development at its whims and fancies
City Hall, on Wednesday, had allowed the developer to continue work. It said the developer had not contravened any conditions set by the Drainage and Irrigation Department (DID) and the Federal Territory Mineral and Geoscience Department.

The residents plan to challenge City Hall's decision in court. Medan Damansara Residents' Association secretary Peter Raiappan said: "We are not convinced that the project is safe. City Hall's approval has been incoherent in many ways as many rules and regulations have not been complied with."

He added that there exists a lot of proof of non-compliance with conditions set by 17 of the government bodies.

The residents decided to go to court after a meeting with City Hall yesterday which was chaired by its public works department director Siti Saffur Mansor, who confirmed that all conditions set have been met by the developer.

The meeting was attended by five members of the Medan Damansara Residents' Association and representatives from the developer, SDB Damansara Sdn Bhd.

The main agenda of the meeting was for the developer to address various concerns raised by the residents, such as safety measures undertaken by the developer and stability of the areas if development was carried out on the slope.

"Under the development plan, the developers had provision for a perimeter drain that would be built along the base of the slope. This was not done.

"Besides this, development was not carried out in stages but on a total basis, and the developer had also transported hundreds of truckloads of earth using the Jalan Kasah access road since last December.

"But application for soil removal was only made on May 14, which was confirmed by Federal Territory Land Office."

However, in a statement to the association received two days earlier, it was stated that officers from the land office had visited the site and were processing the application.

"According to City Hall, the project was to be supervised by a resident engineer, but no proper reports or records were submitted at the meeting today," added Peter.

"At the meeting, we have made it clear to City Hall that the various departments would be held responsible for the stability of the land and safety of the residents.

"The matter has been reported to the Malaysian Board of Engineers and Architects as it is an act of misconduct."

Medan Damansara Residents' Association committee member Randhir Singh said: "We will seek a fresh mandate from the residents to commence legal action on the basis that City Hall is not abiding by the by-laws and has gone against the Kuala Lumpur Structure Plan and the Federal Territory Development guidelines and were very selective in their approval.

"City Hall approves development at its whims and fancies despite seeking feedback from 17 different government bodies, like the DID and the Federal Territory Mineral and Geo-science Department, which was not fully taken into consideration to ensure the safety of the project.

"Since our dialogue with City Hall and the developer has failed to address the issue, we have no other choice but to seek legal redress.

"As long as all the conditions, regulations and laws are abided, we would not object. Our concern is that there are too many violations and the conditions in the development order were not met.

"Can City Hall sideline the laws of the land?

"We call for the project to be stopped and to rehabilitate the site to cater to the needs of the public."

City Hall had approved the project on Wednesday, as they stated that the Damansara 21 project developers had complied with all conditions of the rectification work stipulated by a stop work order issued in May and did not contravene any conditions and regulations set-by the the DID and FT Mineral and Geo-science Department.

rizalhakim

June 28th, 2008, 05:19 AM

this is interesting

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rizalhakim

June 28th, 2008, 05:20 AM

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rizalhakim

June 30th, 2008, 04:10 AM

Glomac gears up for challenges ahead
By S.C. CHEAH

GLOMAC Bhd has, over the past 20 years, emerged from a mere township developer to become a niche, high-end property player.

The recent en bloc sale of its 40-storey Glomac Tower for RM577mil (a record breaking RM1,120 per sq ft), is another outstanding achievement for the Bursa Malaysia main board company.

Group managing director Datuk F.D. Iskandar F.D. Mansor said while going for more niche projects in the Klang Valley, Glomac was constantly improving its traditional mixed housing projects.

For example, the company has introduced a Balinese theme with Balinese style garden and pavilion by a lake for its 350-acre Saujana Rawang (next to Bandar Country Homes) and has generously landscaped the 450-acre Sri Saujana in Ulu Tiram, Johor.

Iskandar is passionate about Bandar Saujana Utama in Sungai Buloh, Selangor. It is this early flagship project that has positioned Glomac as one of the key pioneer players in Sungai Buloh's development in the mid 1990s.

“Moving forward, we would like to bring more amenities to Bandar Saujana Utama, which has within 10 years transformed from a God forsaken place into a very affordable and family-orientated place to live. It has become a thriving township with amenities and facilities.

“We're proud to develop this township which will have 9,000 mixed units. It is two-thirds completed and the houses are 93% occupied,” he told StarBiz.

He recalled how the company started off with the Sungai Buloh Country Resort (SBCR) that is now part of Bandar Saujana Utama. Bungalow lots were sold for only RM18 per sq ft then. Prices now hover around RM25 to RM28 per sq ft.

He said the equestrian project at SBCR had been scaled down and privatised to an operator that conducted horse-riding lessons.

Iskandar said the township had a new precinct, the 43-acre Bukit Saujana, where it planned to launch terraced (1,860-sq-ft built-up) and semi-detached houses (2,500 sq ft) tagged at a bumiputra price of RM238,000/RM248,000 and RM428,000/RM438,000 respectively.

“We're working with the Government to have more schools there. At present, many children from other areas come to study at our secondary and primary schools,” he said.

Meanwhile, Glomac, like all property development companies, are affected by the big jump in oil prices, inflation and rising construction costs. It is bracing for the worst.

“It's either we increase the prices of our products or reduce the built-up area. All our margins will be wiped out if we continue selling our 22ft by 75ft terraced houses at RM180,000 in Bandar Saujana Utama.

“Steel price was below RM2,000 per tonne less than a year ago. It has now gone up to RM4,000 per tonne and we will be lucky if we have enough supply,” he added.

It is understood that it would be inevitable for the company to raise house prices and also to give smaller built-up area for certain products.

However, Iskandar realises that he has to tread carefully with suburban township projects like Bandar Saujana Utama where the buyers are more price sensitive.

On its Sri Saujana in Johor, Iskandar said the township began in 1999 and was a third completed. It has sold RM400mil out of RM600mil worth of properties.

“We are facing a more challenging market in Johor. House prices in Johor are not going up as fast as those in the Klang Valley.

'There are about 50,000 Malaysians working in Singapore and many of them buy houses in Johor,” he noted, adding that the recent slowdown in Singapore had also affected market sentiments in Johor.

“However, Johor is slowly recovering and hopefully, the Iskandar Malaysia will spur further economic growth,” he added.

On its latest project the Glomac Damansara, Iskandar said it would be launched soon. The seven-acre freehold commercial-cum-residential development would have a gross development value of about RM600mil. It will comprise shop offices, serviced apartments, a small mall and an office tower.

“We will be launching the shop offices first. We bought the land about a year ago,” he said.

Its Sri Bangi gated project in Section 8, Bandar Baru Bangi, has also done well with all 63 units of shop offices sold within two weeks of launch in March. However, in view of the current market uncertainty, the launch of 230 terraced houses has been delayed.

“We will wait and see until prices stabilise,” said Iskandar.

Glomac currently has 10 ongoing projects and should have 14 projects worth RM3.3bil by end of this year.

However, it may review further launches if fuel prices and other costs continue to soar. Its focus is on smaller pockets of prime land for niche projects that have a fast turn-around and yield better returns for its shareholders.

Glomac has constantly been re-inventing itself through innovative products as seen in new projects such as the Plaza Kelana Jaya (newly completed and built next to a lake with large central courtyard), Plaza Glomac, Glomac Galleria (shop offices priced RM3.8mil to RM4.5mil) in Sri Hartamas and Menara Glomac.

Its successful upmarket residential projects like Suria Stonor and Suria Residen have set new benchmarks in quality and pricing. For example, Suria Stonor's initial price of RM650 per sq ft in 2005 has now breached RM1,300 per sq ft and is still rising.

“We hope to do slightly better than last year. We were still okay late last year. The challenges started from April this year,” said Iskandar.

rizalhakim

June 30th, 2008, 04:17 AM

A thriving Bandar Saujana Utama
Property Talk
By S.C. CHEAH

BANDAR Saujana Utama in Sungai Buloh has matured into a thriving township with about 6,000 housing units built since the project began in 1995.

Unlike some suburban townships where there are still many vacant houses, Bandar Saujana Utama is more than 90% occupied and now has five precincts called SU1, SU2, SU3, Bukit Saujana and Sungai Buloh Country Resort (SBCR) that were the first to be developed more than a decade ago.

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Herbert Leong with a model of Bandar Saujana Utama

Purchasers who initially bought double-storey terrace houses there for RM90,000 have enjoyed good capital appreciation as new launches are now priced RM230,000 to RM250,000.

In the early 1990s, visitors to the township have to exit the Sungai Buloh toll plaza of the North-South Expressway and drive along Jalan Kepong-Kuala Selangor before reaching SBCR. Visitors have to pass through a narrow road leading to SBCR that was jointly developed by Glomac Bhd and the Farmers' Association of Kuala Selangor.

Today, there is a new access road via the Batu Arang-Shah Alam Highway while the Guthrie Corridor Expressway has also helped to open a new growth corridor.

I recall visiting the resort several times in the past where carnivals and horse-riding shows were held at the equestrian. There was also a small wooden “clubhouse” at the equestrian, some show bungalows and Saujana Utama houses were just being built.

Today, the area is unrecognisable, as the township has blossomed into one of the more desirable places to live in Sungai Buloh.

Although much of the forests and plantations had made way for houses, the country-like ambience is still there. The place is very quiet and breezy.

Over the past decade, several housing estates have mushroomed on both sides of this Batu Arang-Shah Alam Highway. They include Perdana Heights, Alam Budiman, Sunway Alam Suria, Cahaya SPK, Kayangan Heights and Sunway Kayangan.

Opposite this townships are Seri Pristana, a fairly new housing estate, and the 1,000-acre Universiti Teknologi Mara (UiTM) in Puncak Alam that would be a catalyst for the further growth of Sungai Buloh.

Bandar Saujana Utama will benefit from the housing needs and economic activities of the campus.

Phase 1 of the UiTM campus is expected to be completed by 2009 and will house 20,000 students. The expected total student and staff population upon completion is about 50,000. Nearby developments along the Sungai Buloh Road includes the Desa Coalfield (8km away), and Puncak Alam.

Meanwhile, the estimated 30,000 residents (80% Malays, 10% Indians and 8% Chinese) of Bandar Saujana Utama have reasons to be pleased, as they have got their first hypermarket and an upcoming neighbourhood mall in the township.

The 50,000-sq-ft Central Mart hypermarket that initially leased the building from the developer had within a year bought it in April, reflecting its confidence in doing business in the 1,100-acre leasehold township. The SU Mall next to Central Mart is almost completed.

Glomac Bhd general manager (Group A) Herbert Leong said 65% of the 72 retail lots in SU Mall had been sold since sales began 15 months ago. A typical lot size is 40ft by 40ft and is priced from RM270,000 to RM500,000.

“This is the biggest retail complex in the area. The mall is scheduled for completion by August and we hope to get the tenants in by year-end. The Central Mart and Ace Hardware is the only hypermarket within 15km radius,” he said.

The earlier house designs are average looking. However, Glomac is coming up with new designs in Bukit Saujana, a new precinct sited on higher grounds. Bukit Saujana's first phase will have 94 semi-detached houses with 45ft by 80ft units with typical built-up sizes of 2,467sq ft and priced from RM425,000.

Another 87 double-storey terrace houses with 24ft by 70ft and 24ft by 75ft lot sizes and built-up area of 1,845 sq ft and 2,214 sq ft respectively would be priced from RM260,000.

Glomac will also be offering bungalow lots with average area of 8,000 sq ft and an option to build a bungalow with 3,200 sq ft built-up area and priced from RM600,000. There is a new police station, a primary and a secondary school as well as a clubhouse for SBCR residents. A mosque and wet market are in the pipeline.

About 50 bungalows have been built in the gated and guarded SBCR where only 30 of the 550 bungalow lots remained unsold. The 85 double-storey shops and 119 single-storey shops are 85% and 95% occupied.

Glomac Bhd group managing director Datuk F.D. Iskandar F.D. Mansor said Glomac had increased its land bank in the township over the years. “Of the 1,100 acres, we are now left with about 300 acres yet to be developed,” he said.

It has sold about RM900mil worth of properties out of a gross development value of RM1.35bil.

rizalhakim

July 5th, 2008, 08:23 AM

Sime Darby sells RM220m homes in nine days

PETALING JAYA: Sime Darby Property Bhd has sold over 425 properties worth RM220mil in nine days through its “Parade of Homes” showcase.

The event, which was launched on June 20 and ended last weekend, saw 15,000 buyers flocking to nine townships and more than 40 show houses in Shah Alam, Subang Jaya, Klang, Ampang and Nilai.

The company said in a statement that properties within the Putra Heights, Bukit Raja and Bukit Jelutong developments attracted the most interest.

Executive vice-president for property development and strategic investments, Datuk Tunku Putra Badlishah Tunku Annuar said the response had exceeded the company's expectations.

rizalhakim

July 8th, 2008, 03:58 AM

Aussie concept for Amverton Park

DID you know that a nice Australian-inspired residential development is coming up in Shah Alam?

Called Amverton Park, this 30-acre freehold development by A & M Realty Bhd, is within the established neighbourhoods of Bukit Rimau, Kota Kemuning, Kemuning Utama and Berjaya Park.

As this project is part of the company's 150-acre Bukit Kemuning Golf & Country Resort, residents have a “green lung” in the form of an 18-hole golf course next door.

The developer AMJ Properties Sdn Bhd, a subsidiary of A & M Realty, will build190 bungalows (with individual titles) over five phases. It has built three show bungalows and two more are constructed at the site.

Purchasers can choose from five designs for Phase 1- Alfresco, Grandieur, Maestro, Pavillion and Vista with features like big window panes, 20 feet front lawn, alfresco terrace, double volume ceiling in the living area, sliding glass doors, 8ft-high doors, attached bathrooms and walk-in wardrobes in the bedrooms.

Steven Ng
The price? Only RM1.5mil to RM2.8mil for a dream home of 4,100 sq ft to 7,000 sq ft built-up and land size of 5,400 sq ft to 15,000 sq ft. About 80% of the 36 bungalows launched under Phase 1 had been sold, some to its golf club members.

Although the facade has the contemporary modern look, many aspects of the interior layout are reminiscent of Australian homes. There are features like a spacious dry kitchen that opens out to the dining area and which in turn, opens into a large alfresco terrace, reflecting the Aussie love for the outdoors.

“Once the foldable doors to the terrace are opened, you extend your dining area outdoors, and have a barbecue party,” said Steven Ng, A & M Realty Bhd executive director.

Ng, who is the third son of the company's founder and executive chairman Datuk Ng Thiam Hock, spent nine years studying in Perth (he graduated at the age of 19 in 1999 with a Bachelor of Commerce degree, majoring in finance and marketing from the University of Western Australia).

He is eager to introduce Australian lifestyle into home designs.

Ng said buyers would get a complimentary A & M Lifestyle membership card entitling them to enjoy golf, clubhouse, hotel and dining privileges.

Like Australian homes, there will be no fences or walls to separate the houses in the gated community, but there will be a small gate towards the rear garden for privacy. It also has the Australian “Green Street” concept where utility cables and drains are underground.

Amverton Park will have a gross development value (GDV) of RM330mil.

Senior marketing manager Thang Ah Hong said 20 more bungalows under Phase 2 would be launched in September.

It's Amverton brand is also extended to a high-end two-tower condominium called Amverton Kiara in Kuala Lumpur that might be launched in the third quarter this year. The 2,500 sq ft to 4,000 sq ft unit would be priced around RM750 psf to RM800 psf. One tower will have penthouses at the top while the other will have a sky lounge with swimming pool and entertainment area.

Each floor will have a mix of unit sizes so that one can buy say a 4,000 sq ft unit and a 2,500 sq ft adjoining unit and create a door between them. “Buyers can have one large unit of about 7,000 sq ft, a mansion in the sky,” said Ng, adding that the project with RM500mil GDV, is 160 metres above sea level overlooking Mont' Kiara.

The company with interests in property development, hotels, plantations and investments, plans to develop a 27-hole golf course on its 2,000-acre land on Carey Island.

rizalhakim

July 9th, 2008, 08:30 AM

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Sales Office : Metro Garden Properties Sdn. Bhd.
Address : 40A Jln Sg 3/2, Pusat Bandar Seri Gombak, 68100 Bt Caves, Selangor Darul - Ehsan
Telephone :03-61883939 & 03-61863939 Fax :03-61863939
Email : info@mgp.com.my

rizalhakim

July 9th, 2008, 09:56 AM

Hartanah 'dijerut' masalah kos
Oleh Nor Liza Ahmad
norli@bharian.com.my
Banyak pemaju terpaksa tangguh pelancaran projek baru bagi semak semula kontrak

HARGA bahan binaan semakin mahal, justeru ramai kontraktor pembinaan yang mendesak untuk menyemak semula harga kontrak.

Apakah senario ini akan menyebabkan harga hartanah juga meningkat dan kesannya terhadap permintaan hartanah?

Naib Presiden Persatuan Pemaju Hartanah dan Perumahan Malaysia (Rehda), Datuk Fateh Iskandar Mohamed Mansor, berkata kenaikan kos bahan binaan menyebabkan kos pembinaan melonjak sehingga 30 peratus dan ia dijangkakan terus meningkat.

Harga keluli yang menjadi antara komponen penting dalam pembinaan hartanah saja, katanya, telah meningkat lebih sekali ganda melepasi RM4,100 setan.

Ini, katanya, ditambah pula oleh peningkatan dalam kos operasi susulan langkah kerajaan menstruktur subsidi harga bahan api.

Berdasarkan keadaan itu, Iskandar berkata, banyak pemaju kini terpaksa menangguhkan pelancaran hartanah baru kerana terpaksa menyemak semula kos projek.

“Sejak tiga bulan lalu, harga tender tidak boleh ditetapkan pada paras yang realistik memandangkan harga bahan binaan terus meningkat.

“Ramai kontraktor terutama yang besar berasa ragu dan takut untuk memasuki sesuatu tender kerana bimbang dengan kenaikan kos. Pemaju pula terpaksa menyemak semula harga kontrak, jika tidak projek mereka akan tergendala,” katanya.

Iskandar yang juga adalah Pengarah Urusan Glomac Bhd berkata, segmen tertentu hartanah dijangka berdepan masalah kenaikan harga dan ia dijangka menjejaskan sentimen pembeli terutama yang membeli hartanah sebagai aset.

“Hartanah kediaman di bawah RM300,000 dijangka terjejas kerana pemaju akan lebih berhati-hati membangunkan projek seumpama itu kerana kenaikan harga bahan binaan mengecilkan lagi margin keuntungan,” katanya.

Beliau berkata, pengenaan duti import terhadap besi dan keluli turut melonjakkan harganya dan ia nyata memberi kesan kepada industri yang terbabit.

“Kerajaan perlu memastikan bekalan cukup untuk kegunaan industri tempatan dan tindakan perlu dikenakan terhadap pengeluar besi yang cuba menyembunyikan stok untuk tujuan menaikkan harga,” katanya sambil menambah langkah juga perlu bagi memastikan semua projek dalam Rancangan Malaysia Kesembilan (RMK-9) dapat dilaksanakan dengan baik.

Sementara itu juru nilai dan perunding hartanah Billy Tan dari BT Properties berkata, permintaan terhadap segmen hartanah kediaman kos sederhana dijangka mengalami kelembapan, terutama yang terletak di pinggir Lembah Klang.

“Secara umum, dijangkakan jualan hartanah dalam separuh kedua tahun ini akan perlahan. Bagaimanapun permintaan terhadap hartanah di lokasi mewah seperti Kenny Hill dan Mount Kiara dijangka kekal positif,” katanya.

Tambah beliau, hartanah komersial seperti rumah kedai dijangka terus mendapat permintaan baik daripada pasaran terutama di lokasi strategik khususnya daripada pembeli yang mahu memanfaatkan pelaburan bagi jangka panjang.

“Senario sekarang berbeza ketika negara dilanda krisis kewangan. Kenaikan inflasi dan kebimbangan terhadap kelembapan ekonomi menyebabkan pengguna kini lebih berhati-hati berbelanja,” katanya.

Namun, beliau berkata, secara relatifnya, harga hartanah di Malaysia masih di bawah nilai berbanding negara lain, justeru ia mempunyai daya penarik untuk membawa masuk pelabur asing yang mahu memanfaatkan potensi pelaburan dalam sektor hartanah di Malaysia untuk jangka panjang.

Tan berkata, hartanah di Kuala Lumpur dan bandar utama lain seperti Johor Bahru dan Pulau Pinang, yang mempunyai keupayaan untuk menjana pulangan tinggi dalam jangka panjang akan terus menjadi pilihan pelabur yang mahu memanfaatkan pertumbuhan pelaburan hartanah di negara ini.

Pengarah Urusan dan Ketua Eksekutif SP Setia Bhd, Tan Sri Liew Kee Sin pula berkata syarikat itu akan meneruskan projek hartanahnya termasuk yang terbaru pembangunan hartanah komersial bernilai RM750 juta di Setia Alam, Shah Alam

Katanya, permintaan terhadap hartanah kumpulan itu masih baik dengan mencatat jualan RM100 juta sebulan.

Malah katanya, kumpulan itu mengunjurkan jualan RM1.5 bilion tahun ini, berbanding RM1.2 bilion.

“Kami tidak melihat harga hartanah akan jatuh. Kami tidak akan menghentikan pembangunan projek yang sudah dirancang,” katanya sambil menambah SP Setia akan mengambil langkah berhemat bagi memastikan urusan operasi berjalan lancar.

Sementara itu Pengurus Perumahan Perbadanan Kemajuan Negeri Selangor (PKNS), Lokman Abdul Kadir, berkata hartanah di luar Lembah Klang dijangka terus menjadi pilihan pembeli yang mahukan kediaman selesa pada harga berpatutan.

“Permintaan terhadap hartanah mampu milik dijangka kekal kukuh dan kami yakin jualan hartanah PKNS di luar lembah Klang tidak akan terjejas walaupun jualannya dijangka perlahan,” katanya.

rizalhakim

July 11th, 2008, 09:56 AM

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rizalhakim

July 11th, 2008, 09:57 AM

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rizalhakim

July 11th, 2008, 09:58 AM

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rizalhakim

July 11th, 2008, 09:58 AM

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rizalhakim

July 11th, 2008, 09:59 AM

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rizalhakim

July 15th, 2008, 05:02 AM

Fiabci award for Pinggiran Bayou
By S.C. Cheah

MULPHA International Bhd’s Pinggiran Bayou Village Homes in Leisure Farm, Johor recently won the prestigious Fiabci Prix d’Excellence 2008 Award for Best Residential category.

The award places the lovely exclusive enclave of 122 units of two-storey courtyard homes in a secure and double-gated and guarded community, in illustrious company, joining past winners including Trump World Tower in New York (2003), Twin Waters Sunshine Coast in Australia (2004) and Caribbean Bay at Keppel in Singapore (2006).

The low-density development lines a linear waterway and fronts the expansive Canal Park. With a tropical contemporary façade, the clustered homes, complete with cobblestone driveways and pocket parks, form a grand vista that resemble stylish Italian homes.

“We feel honoured and humbled that Pinggiran Bayou Village Homes, is recognised by such an esteemed body. This win is an affirmation of the vision and commitment of Mulpha International to develop luxury real estate products that are upmarket and innovative in its offerings,” said Mulpha International Bhd executive chairman Lee Seng Huang.

The project is part of the award-winning Leisure Farm Resort built at a cost exceeding RM2 billion and is 15 minutes away from Singapore’s Second Link.

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An artist’s impression of the Pinggiran Bayou Village Homes in Leisure Farm, Johor

Mulpha International’s property division general manager Ronn Yong, the driving force behind the resort in particular the Pinggiran Bayou Village Homes said: “The Leisure Farm Resort has a double-gated environment with 800 acres allocated for open spaces for recreation purposes.”

“We found that the social effect was better when you’ve a density of less than 22 units per acre, so we limit the development to 80 units in three acres, and 122 units in six acres. With that, there’s a better chance of creating a community. The resort was created with a vision in mind – to help residents achieve harmony between the mind, body and soul.”

Yong was in Amsterdam, Netherlands to receive the award on behalf of Mulpha from Fiabci world president Julian Josephs at the 59th Fiabci World Congress recently.

He said the master plan was designed with sensitivity and thoroughness to preserve the area’s natural green landscape as much as possible.

“Pinggiran Bayou is the first in Malaysia to adopt the green architecture, and the project has stayed true to the concept of sustainability and the green factor.

“As more countries strive to be eco-friendly cities, and as customers become more eco-conscious, we are constantly setting new benchmarks as a long-term commitment to our purchasers”, he added.

Meanwhile, this flagship property of Mulpha has been drawing lots of foreign buyers and has also picked up several local and international awards, mainly due to its consistent commitment towards developing eco-friendly lifestyle homes.

A five-star resort hotel and a marina complex for waterfront living are also in the pipeline for the 1,756-acre freehold property, which has a 36-hole championship golf course and a 25-acre equestrian and country club.

Perhaps the resort’s biggest attraction is its outdoors-indoors concept, which aims to bring nature right up to the doorstep. All its world-class facilities are set against a magnificent backdrop of 280 acres of natural mangroves, canals, orchard and plantations.

Ronn Yong (right) receiving the Fiabci Prix d’Excellence 2008 Award for Best Residential category from Julian Josephs

When completed, it is expected to have a population of only 30,000 people.

Julian Candiah, who bought a one-acre lot at the Leisure Farm Resort Residences noted: “It seems that Leisure Farm is a hidden jewel. In fact, several of my friends were surprised that the resort has won international awards.”

rizalhakim

July 16th, 2008, 09:36 AM

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Situated at Bangsar, the south of Medang Tanduk, this 7 exclusive bungalows development is targeted to be launched by Mulpha Land Berhad, a subsidiary of Mulpha International Bhd, in the 3rd quater of 2008.

These gated and guarded luxury, high-end bungalows has been proposed with a ‘Linear Garden Spine’ on a 1.5 acre land. Each of these contemporary, minimalist designs bungalows are fully furnished with private swimming pool, koi pond and lush garden facilities.

Strategically situated at Bangsar, it is easily accessible from Kuala Lumpur city centre, Petaling Jaya and Damansara via several major roads and highways, i.e. the Federal Highway, SPRINT Highway and Lebuhraya Mahameru. The nearest Bangsar Light Rail Transit (LRT) station is about 3 km away from the development.

rizalhakim

July 18th, 2008, 04:20 AM

Pelangi sees GDV of RM55m
By ZAZALI MUSA

Its D’Serambi project to benefit from proximity with Iskandar Malaysia

JOHOR BARU: Pelangi Bhd sees D'Serambi, its last residential project in Taman Perling near here generating gross development value (GDV) of RM55mil.

Chief executive officer Azmar Talib said the project comprised 116 double-storey link houses priced from RM420,000 and would be completed in the next two years.

He said the gated and guarded project featured homes that combined modern needs with traditional values and classic architecture.

“Taman Perling’s close proximity with Bandar Nusajaya in Iskandar Malaysia and Singapore via the second crossing are the strong selling points of the project,” Azmar said at the project launch by the Local Government, Housing, Arts, Culture and Heritage committee chairman Datuk Ahmad Zahri Jamil on Saturday.

Azmar said the modern Malayan Homes concept was chosen as it brought back the good old days of living in government quarters where residents of all races mingled freely.

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Datuk Ahmad Zahri Jamil (left) with Azmar Talib looking at a model of the D’Serambi project in Taman Perling

D’Serambi was the first residential project in Johor to have landscaped gardens in its back lanes, he said, adding that Pelangi wanted to be at trendsetter in property development in Iskandar Malaysia.

“The construction will involve minimum cutting down of trees as we want to preserve most of the 20-year-old mahogany trees on the 3.642ha site,” said Azmar.

He said the project had received good response, mostly from existing residents of Taman Perling who wanted to upgrade to high-end properties.

He said the recent completion of the Perling Highway and the good accessibility to the Johor Baru city centre, Senai Airport, Singapore and Pasir Gudang would add to the project's attraction.

Azmar said Pelangi was also planning to redevelop Perling Mall in view of several new retail complexes opening in the nearby Bukit Indah, Taman Sutera Utama and Taman Nusa Bestari.

He said the opening of the state new administration centre, private medical centres, foreign universities, resort style living projects, waterfront development and industrial estates in Nusajaya would have a positive impact on the retail sector in the nearby areas.

rizalhakim

July 21st, 2008, 07:57 AM

Timing important during economic uncertainty
By Joseph Chin

WHILE the emphasis of property projects has always been on location, timing has now become more important during this property slowdown amid the economic uncertainty, said Mutiara Goodyear Development Bhd chief executive officer Kee Cheng Teik.

He emphasised that there was no bubble in the property industry but the crucial question was which developers could survive the suppressed demand.

Cashflow management was crucial for the company and it would only implement projects it could undertake and manage well. Hence, its successful residential and commercial property projects.

“As a medium sized company, we have survived the ups and downs and the past two recessions. But things will improve and there will be opportunities,” Kee said.

Despite the temporary suppression in the purchases of housing units, Kee said there would always be pent-up demand for housing.

“People will still have to buy, and if they don’t buy this year, they will have to buy next year, or the year after. When the market improves, there will be an increase in demand for property,” he said.

Kee is positive about the property sector in Penang and the Klang Valley due to the growing population. In the pipeline is a commercial block in Sunway in Petaling Jaya, shophouses in Mutiara Gombak, a Kajang housing scheme and a joint venture on Penang island.

In Seberang Perai, Mutiara Goodyear will continue to expand its township project, which was started in 1996 covering 1,084 acres. The township is near the Second Penang Bridge.

The company is also involved in an exclusive property project near Taman Melawati in Kuala Lumpur. The Nadayu project would be on an 80-acre freehold land near the Taman Warisan heritage park.

“This is probably the last piece of land of this size which can be developed near the forest,” Kee said. As the site was on a slope, the company had pumped in about RM20mil on earthworks and infrastructure there, he added.

Kee said the first 60 acres will comprise 142 bungalows, priced from about RM4mil and it would be exclusive and guarded. The GDV would be RM500mil.

The second phase will have superlink houses, condominiums and a boutique commercial centre. The total GDV is about RM800mil and the time frame to develop it is three to five years.

rizalhakim

July 21st, 2008, 08:06 AM

Strategic tie-ups pay dividends
By JOSEPH CHIN

MUTIARA Goodyear Development Bhd’s strategy to partner with landowners to develop properties has proven to be successful, especially during the current turbulent times.

Chief executive officer Kee Cheng Teik said this strategy and the company’s good reputation had attested to this, resulting in the appreciation in the value of its recently completed projects.

Riding on the successful joint ventures (JVs), this year it had teamed up with more landowners and a financial institution to carry out property projects.

For instance, Mutiara Goodyear teamed up with Affin Islamic Bank to undertake a property project comprising condominiums on Penang island on a piece of land owned by Affin Bank Bhd. The estimated gross development value (GDV) of the residential property project was RM180mil.

It partnered landowner Tambun Indah Sdn Bhd to build bungalows, double storey semi-detached houses and double-story terrace houses in Seberang Perai, Penang with a GDV of RM776mil.

Kee Chng Teik
“Landowners trust us to deliver excellent projects and are willing to work on JVs with us. This confidence is reflected in the appreciation of prices after the keys are handed over to the buyers,” he told Starbiz.

The projects were undertaken on a JV basis with the landowners where one option was to pay the latter in terms of properties. And so far, the landowners have been satisfied with the appreciation of the properties.

Kee said the price of Dataran Prima phase 2 condominium project in Petaling Jaya has appreciated by 20%. For the Mutiara Gombak, comprising 181 link houses, the appreciation in value was 40% while Mutiara Upper East properties (295 standard, duplex and penthouses units) increased 60%.

Kee took over the reins of the company early this year under a succession plan implemented by Mutiara Goodyear’s founding members.

He was then the managing director of Jurus Positif Sdn Bhd, now a unit of Mutiara Goodyear.

He has been involved in property development for the past 20 years, of which 12 years were with the group. His experience also saw him setting up an office in Penang after Mutiara Goodyear acquired about 1,000 acres on the island.

“So far the succession has been smooth. In the last six months, we have realigned and repositioned, there has been a lot of improvements.

“We continue to build on the same strong foundation and team of managers and proven track record. Our top management is always hands-on and able to work closely with all levels of management,” said Kee, who holds a 6.7% stake in the company.

The company's Mutiara Upper East Ampang project

Kee said while Mutiara Goodyear was prepared for an expansion programme, its key philosophy was also to be prudent and only take calculated risks.

He pointed out that the company had very good assets – its people, management team and landbank – and the direction going forward was to create value for these assets.

The JV projects had suited the company well, implemented on their own commercial merit and at market price, he said.

Earnings have also improved. For the financial year ended April 30, it posted a net profit of RM19.9mil on the back of revenue of RM250.72mil, an improvement from RM17.8mil net profit and RM174.27mil revenue in the previous financial year.

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Despite the temporary suppression in the purchases of houses, Mutiara Goodyear believes there will always be pent-up demand for housing

It has cash and cash equivalents of RM25.18mil while long-term borrowings are RM162mil as at April 30.

Being a medium-sized company and prudent in projects had enabled it to survive the past two recessions and prepare it for uncertain times ahead especially a slower economy, rising inflation and soaring building material prices.

“We are lucky that we were not caught in the building material price spiral, but that does not mean that we can be careless or are completely out of the whole problem.

“The current uncertainties are affecting the whole country. Our policy and philosophy is to be prudent in our cash flow and in the way we finance the projects. We have been lucky as our projects were completed before the surge in building material prices,” he said.

Mutiara Goodyear is also looking into another option where it would negotiate the price of building material with suppliers, hence taking away the risk from the contractors.

This move would also ensure that the quality of the materials is intact as quality control has always been the cornerstone for the company.

“Our challenge in the next five years is to enhance the value for our assets and expand the land bank. The core area will be the Klang Valley,” Kee said.

He added that Mutiara Goodyear’s vision was to be a leader in the industry and one of the leading developers in the country not in terms of turnover or projects but in terms of quality, value creation and signature projects.

rizalhakim

July 23rd, 2008, 03:51 AM

Faber to launch RM600m Klang Valley, Sabah projects
By Sharen Kaur Published: 2008/07/23

FABER Group Bhd plans to launch new property projects worth some RM600 million in the Klang Valley and Sabah over the next 18 months.

Its property arm, Faber Development Holdings Sdn Bhd (FDH), has 18ha, which is enough to launch five niche projects and keep it busy for four years, managing director Adnan Mohammad told reporters at a briefing in Kuala Lumpur yesterday.

"We are not holding back on development. We have to keep moving under current market turbulence," Adnan said.

Adnan said Faber is focusing on niche projects as it is easier to adjust prices for raw material costs and such developments offer higher margins.

In Kota Kinabalu, Sabah, FDH will launch Taman Hilltop Perdana in early August, a two-year project worth RM32 million, comprising 34 units of triple-storey semi-detached homes.

FDH senior general manager Khalid Abdul Majid said it is targeting medium to high income groups. The units will be priced at RM870,000 to RM1.1 million each.

Also in Kota Kinabalu, FDH will launch phase 2 of Lucky Heights, a RM110 million high-end condominium project with 300 units, each priced from RM300,000, by the second half of 2009.

FDH, in a venture with City Hall, is also launching 40 units of semi-detached homes and six bungalows at Taman Danau Desa. The semi-detached units will be priced at RM1.9 million each while the bungalows start from RM2.5 million.

The RM90 million project, which is part of its multi-billion ringgit Taman Desa at Old Klang Road, Kuala Lumpur, will be launched in early 2009. Faber started developing Taman Desa in the mid-1970s.

The homes will be built on 2.3ha with leasehold title owned by City Hall, which will get 20 per cent of the project's profit, Khalid said.

"Whether good times or bad, we are confident of the sale of the product due to its locality," he said.

Also at Taman Danau Desa, FDH will launch 38 units of three-storey superlink homes, worth RM60 million by the third quarter of 2009.

At FDH's existing development, the RM600 million Laman Rimbunan mixed development project in Kepong, it will launch phase four and five comprising 160 units of semi-detached units and three bungalows by year-end.

"We plan to sell the semi-d homes for between RM1.1 million and RM1.3 million each while the bungalows will double that. We are targeting buyers from Sg Buloh, Kepong, Rawang and Selayang. We are bullish on the product because of the take up rate at our previous phases," Khalid said.

The 40ha project, in which FDH has a 55 per cent stake and the rest held by Metro Kajang Bhd, has six phases and the first three phases, worth RM300 million, have been launched since end 2004.

rizalhakim

July 23rd, 2008, 04:09 AM

Faber going big on high-end projects

It wants to develop mainly landed properties

PETALING JAYA: Faber Group Bhd is planning to launch several high-end projects from September with landed properties featuring prominently amongst them.

Upcoming launches include semi-detached houses, priced from RM1.1mil to RM1.3mil, and bungalows, from RM2mil to RM2.5mil each, in Laman Rimbunan, Kepong. The project is a joint venture with Metro Kajang Holdings Bhd in which Faber is the senior partner.

In Taman Danau Desa, next to the company's completed Taman Desa township, there are plans to launch 40 semi-detached houses and six bungalows, priced from RM1.9mil to RM2.5mil.

On a neighbouring parcel, there are plans to launch 38 three-storey link villas, with prices from RM1.6mil, targeted for a launch late next year. These projects are on a joint-venture basis with landowner Kuala Lumpur City Hall.

In Kota Kinabalu, Faber will be launching early next month 32 three-storey semi-detached houses and two bungalows in Taman Hilltop Perdana, while in the pipeline is a RM110mil project, comprising over 300 condominium units, in Lucky Heights.

Managing director Adnan Mohammad told a press briefing yesterday that developers would “need to reassess their projects” based on the challenging property market outlook.

He said despite the challenging conditions with higher construction costs, the company's property development division was planning to launch a number of landed high-end projects in Kuala Lumpur and Kota Kinabalu.

“For us, location still sells and we're targeting mainly upgraders in mature locations near the city centre,” Adnan said, adding that Faber was still open to joint ventures or even acquiring land outright to replenish its dwindling land bank, which stood at a total of 45 acres in Kepong and Kota Kinabalu.

“Land acquisition will depend on a combination of factors, including location, price and type of projects that we can develop,” he said.

On earlier reports of Faber's interest in developing properties in Iskandar Malaysia, Adnan said any projects would be undertaken at the UEM group level. According to Faber's 2007 annual report, UEM Group Bhd held a 34.29% direct stake in the company.

“While I cannot speak on behalf of UEM, there's a possibility that projects secured under UEM Land Sdn Bhd (an indirect subsidiary of UEM Group) can be parcelled out to us,” Adnan said.

rizalhakim

July 23rd, 2008, 09:15 AM

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Amberhill

Home on a Heavenly Peak

Built for safety and exclusivity, and surrounded by a lush landscape, Amberhill in Taman Melawati gives true meaning to a luxurious dwelling – indoors and out!

When envisioning the perfect home, what comes to mind is not only the house itself, but the overall ambience. With its plush interior combined with nature-laden surroundings and eagle’s view, Amberhill atop Taman Melawati offers idyllic bliss, indeed.

This FREEHOLD limited development in Phase 7B offers 50 select bungalows and semi-Ds atop Taman Melawati’s highest point. The three-storey bungalows feature a built-up area starting at 6,480 sq ft, while the built-up area of the 3-storey semi-Ds starts at 4,505 sq ft. The generous land size ranges from 6,460 to 10,200 sq ft for the bungalows and from 3,400 to 5,050 sq ft for the semi-Ds. Now available for sale, the homes are targeted for completion in September 2009.

Each home comes with a swimming pool and Jacuzzi, with an option for 6+1 or 7+1 bedrooms for the bungalows and 6+1 bedrooms for the semi-Ds. Priced between RM1.6 million and RM4 million, these luxurious dream homes offer value to the discerning investor/owner-resident in terms of quality construction and infrastructure, location and prestige.

Peace of Mind on All Fronts

Amberhill has instituted several measures to residents’ ensure peace of mind. Before construction even began, a feasibility study of the site was conducted and the land was terraced to make it sit on solid bedrock. In addition, infrastructure measures like retaining walls, granite rock breaking, soil strengthening and micro piling were also carried out – with no compromises made even with hikes in building material costs.

In addition, the community is one of the Melawati area’s first gated and guarded enclaves, with live security guards helping keep the community safe and family-friendly. Each home is also equipped with smart home features comprising remote home control and monitoring and home alarm systems.

Breathtaking, Inside and Out

Amberhill’s high location presents residents with an awe-inspiring view of the city skyline, including the KLCC. The homes are set amidst lush greenery and limestone hills, and an early riser can awaken to the light mists of the morning. After a long day’s work, fountains, pavilions and tree-lined roads welcome you back home.

Inside, comfort and luxury await. Each bungalow features skylight-roofed bathrooms, a patio overlooking the pool and full-length glass walls, as well as marble flooring in the entrance foyer, reception hall, and living, dining and guest bedroom. Meanwhile, the semi-Ds feature a balcony on each level and large porch area. Both the bungalows and semi-Ds are fitted with timber strips in the bedrooms and staircase area – in addition to a private pool and Jacuzzi.

Building Homes with Quality and Prestige

Developer Pembinaan Asmegah Sdn. Bhd is a member of the Tunas Manja group, currently known for the RM91 million D’Embassy project in Bukit Pelindung, Kuantan. The Tunas Manja Group has its origins in the 1980s as one of the East Coast’s largest FMCG and supermarket chains, and is also involved in food processing and wholesale retailing. The Group entered property development in 1992 with the Taman Tunas Manja mixed development project in Kuantan. Since then, they have completed a mixture of residential, commercial and industrial properties in Kuantan and its vicinity, with a total sales value of close to RM750 million.

Exclusive and Easily Accessible

Location-wise, Amberhill offers swift access to KLCC as well the thriving Bandar Melawati township nearby, with schools (including the KL International School and Sri Inai Beckham House), eateries recreational clubs, shops and hospitals (Damai Service Hospital, Gleneagles Intan and Ampang Puteri), and supermarkets/hypermarkets such as Giant, Tesco, Jaya Jusco, Carrefour and more. Located near the Middle Ring Road II, Amberhill can also be accessed via the Ampang-KL Elevated Highway.

Amberhill’s luxurious dream homes are available at current prices while stocks last. Discerning investors/buyers should call NOW to enjoy RM60,000 to RM100,000 worth of freebies with each unit, along with FREE legal costs and high margin/flexible packages of financing. For more information, call 03 – 41077878 or visit www.amberhill.com.my

rizalhakim

July 23rd, 2008, 09:24 AM

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Nilam & Zamrud @ Subang Bestari, Shah Alam

Precious Gems of Idyllic Homes

With its combination of great location, idyllic setting and attractive prices, Subang Bestari is gaining notice as a dream community with high potential in a rapidly growing corridor.

The Subang-Sungai Buloh corridor has been garnering notice recently as a rapidly growing corridor in the Klang Valley. One remarkable community there that has netted headlines for idyllic suburban living is Subang Bestari, an integrated residential and commercial development in Seksyen U5, Shah Alam.

This 500-acre strategically located township offers a comprehensive range of properties, carefully planned and built to blend low-density living, greenery and attractive prices. At the moment, this leasehold development holds a lot of potential for capital appreciation due to several factors. These include its strategic location close to Petaling Jaya’s Golden Triangle and proximity to high-profile, high-growth neighbouring communities such as Kota Damansara and Bandar Utama.

Select Range of Dream Homes

Now, Subang Bestari is offering a select range of beautiful semi-D and bungalow homes within this community. Perfect for high-income individuals, the homes were launched in November 2007 and will be ready in February 2009.

The Nilam range offers 20 units of double storey semi-D homes over 3.04 acres, totalling RM17.9 million. The homes offer a built-up size of 2,700 sq ft to 3,100 sq ft over a lot size of 40 ft by 80 ft, priced attractively at RM805,035* to RM1,110,070*. Nilam offers four bedrooms in two stylish designs.

Zamrud offers a select 18 units of double-storey bungalow homes over three acres, worth RM22.1 million in total. With an ample five bedrooms presented within two stylish designs, the homes offer a built-up size of 3,200 sq ft to 3,400 sq ft, over a lot size of 60 ft by 100 ft. Zamrud is priced at an appealing range of RM1,142,750* to RM1,325,450* (* after seven per cent Bumiputra discount).

A Balanced Lifestyle – Comfort, Security and Convenience

All Nilam and Zamrud homes are equipped with CHUBB burglar alarms and an automatic gate, as well as Grundfos water pump and hot water system. A comprehensive range of amenities is also close at hand, ranging from kindergartens to primary and secondary schools, a mosque, public hall, shops, offices, medical centres, a football field and a shopping center. The upcoming HELP University College Campus nearby, the earmarked Rubber City development next door (on the adjacent Rubber Research Institute land) and the relocation of the Petaling District & Land Office Complex here will further improve the local infrastructure and amenities.

Environment of Quality and Profitability

Developer Worldwide Holdings Berhad is a subsidiary of Perbadanan Kemajuan Negeri Selangor (PKNS), the economic development arm of Selangor. WHB’s principal activities are property development and investment, environmental management services and investment holding. With its experience and expertise in environmental management services, the company is well-positioned to expand its presence in core property development and investment.

Great Access to the Streets and the Skies

Subang Bestari’s strategic location allows for easy access via Jalan Batu Tiga-Sungai Buloh to major townships and cities such as Shah Alam, Petaling Jaya, Kelana Jaya and Subang Jaya. The rest of the country (and the world) is accessible via the nearby North-South Highway or Sultan Abdul Aziz Shah Airport.

The development is also linked to other significant commercial and residential communities with the extension/upgrading of the Penchala Link from Jalan Duta to Damansara Perdana and Bandar Utama, and the Terminal 3 Road to Sungai Buloh.

Those interested in these low-density, high-potential properties should call now make the most of the imminent capital appreciation, while stocks last. For more details, contact abdrazak@whb.com.my/norrihan@whb.com.my, visit www.whb.com.my or call 03-5510 2525.

rizalhakim

July 29th, 2008, 04:44 AM

Mutiara's RM430m project in Kajang
Published: 2008/07/29

PROPERTY developer Mutiara Good-year Development Bhd will be developing mixed commercial and residential properties in Kajang with a gross development value (GDV) of RM430 million.

Mutiara, through its wholly-owned unit, entered into a joint-venture agreement with Kajang Heights Development Sdn Bhd yesterday to develop the latter's 27.77ha (68.58 acres) land, it told Bursa Malaysia yesterday.

"Under the agreement, Kajang Heights Development is entitled to RM50 million, or 22 per cent, of GDV from the project with an initial payment of RM6 million," it said.

Mutiara Goodyear and Kajang Heights team up

PETALING JAYA: Mutiara Goodyear Development Bhd is teaming up with Kajang Heights Development Sdn Bhd to undertake a property project with a gross development value of RM430mil.

Under the agreement signed yesterday, Mutiara unit Regal Form Sdn Bhd would build mixed commercial and residential properties on Kajang Heights’ 27.6ha site in Kajang, of which 21.5ha would be for houses and the remaining 6.1ha for shoplots.

Mutiara chief executive offer Kee Cheng Teik said in a statement the joint venture would allow both parties to combine their resources and expertise to add value to the proposed development. The completion date for project was five years.

Under the agreement, Kajang Heights would be entitled to RM50mil or 22% of the GDV, whichever was higher, from the project with initial payment of RM6mil. Its entitlement could also be satisfied via unsold units in the project based on the launch price.

rizalhakim

July 29th, 2008, 05:23 AM

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JIA Residences in Seri Kembangan is an exclusive guarded residence comprising of 2 1/2 storey homes. It is sited on elevated solid freehold land and enjoys a commanding view of the skyline. Designed for tropical comfort - each home has an internal open to sky courtyard which mergers the indoors with the outdoors and invites fresh air and greenery into the homes.

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Nagariang Development Sdn. Bhd. (71053-M)
No. 21A, Jalan PSK 1,
Pusat Perdagangan Seri Kembangan,
43300 Seri Kembangan,
Selangor Darul Ehsan.

Tel: 03 8942 8708
Fax: 03 8942 8706
Email: jia@nagariang.com

rizalhakim

July 29th, 2008, 05:30 AM

Nam Fatt's Esente offers urban escape

The property is wired with a smart home system and designed to facilitate working from home

by HAMISAH HAMID

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PROPERTY developer Nam Fatt Corp will be launching its latest boutique high-end residences at the Sultan Abdul Aziz Shah Golf Club (KGSAAS) in Shah Alam, Selangor, in September.

Called Esente, the contemporary luxury residences will comprise 13 exclusive and 12 semi-detached units as well as a bungalow.

Esente, which is Italian for "free", is situated in the high-security Zone C of the 240ha golf and residential community.

According to Nam Fatt, the development Esente@KGSAAS offers an escape for urbanites seeking a country-living lifestyle as the surroundings are pleasant and tranquil.

"An Esente home is one which is intelligently designed, comprehensively equipped with technology, and well laid out to facilitate conventional living while minimising clutter and opening up living spaces for unconventional working from home," the company said in a statement.

The Esente home is wired with a smart home system, which allows for lightening automation, panic button and data points in every room, among other features.

Internet connectivity is available throughout the property to facilitate residents working from home.

Nam Fatt said that Esente@KGSAAS goes beyond simple visual aesthetics as the highly-functional design also takes into account key elements of the tropical climate.

The property is cross-ventilated and extensively shaded, while the interiors are marked by plenty of natural light.

The semi-detached units are designed to appear like a bungalow with the pond that separates the two adjoining units within a single structure.

Nam Fatt is also releasing its limited stock of "reserved" bungalow plots for a more personalised creation.

rizalhakim

July 29th, 2008, 09:34 AM

Mutiara in new JV for RM430m mixed project

Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Main Board-listed property developer, Mutiara Goodyear Development Bhd, has entered into a joint venture (JV) to develop mixed commercial and residential properties in Kajang with an estimated gross development value (GDV) of RM430 million.

In a statement yesterday, Mutiara said its subsidiary Regal Form Sdn Bhd (RF) had entered into a JV agreement with Kajang Heights Development Sdn Bhd (KHD) to develop the latter’s 68.58 acres (27.75ha) land. The project would comprise 53.3 acres of residential homes and 15.3 acres of commercial shoplots.

Mutiara’s chief executive officer Kee Cheng Teik said the JV would allow Mutiara and KHD to combine the resources and expertise to add value to the proposed development.

He said it was also part of Mutiara’s expansion strategy to develop and produce high quality residential and commercial units in multiple prime locations in the Klang Valley.

“We are optimistic on the success of this development due to the land’s strategic location. Our plans in this JV are long-term and we are committed to growing this collaboration further. We expect to complete the project in five years,” he added.

Under the agreement, KHD is entitled to RM50 million or 22% of GDV, whichever is higher, from the project, with an initial payment of RM6 million. Its entitlement may be satisfied via unsold units in the proposed development based on the launch price.

Mutiara had in June established a JV with Tambun Indah Group to jointly develop a residential development on three parcels of freehold land measuring 253.7 acres in Seberang Perai, Penang.

rizalhakim

July 30th, 2008, 04:02 AM

Talam plans to deliver 7,000 homes

PETALING JAYA: Talam Corp Bhd intends to deliver 7,000 homes to buyers this year, says executive director Chua Kim Lan.

“So far, we have delivered 700 units and more are expected in the next few months,” she told StarBiz in a telephone interview yesterday.

Next year, it will deliver another 6,000 homes, bringing the total gross development value (GDV) of the 13,000 units to almost RM1bil.

As the main structure works of the properties are already completed, the developer is marginally affected by the rise in steel prices.

“The impact to total construction cost is less than 10%,” Chua said, adding that this, however, would eat into its margins.

The company’s Serenia Gardens project, which is a joint venture with IJM Corp Bhd, was launched earlier this year while the launch of Sierra Selayang, also with IJM, has been put on hold until next year.

The two projects have a combined GDV of RM1.5bil.

Serenia Gardens, which is on a 90-acre leasehold land in Ulu Kelang, involves the development of 225 terraced houses in the first phase and 104 units in the second.

Sierra Selayang, on the other hand, comprises semi-detached houses and bungalows.

Talam was considering to convert some of its residential land bank in Puchong and Bukit Beruntung to industrial status given that the Selangor government was keen on removing backyard factories. Chua said: “There may be launches of industrial properties early next year.”

rizalhakim

July 30th, 2008, 09:04 AM

Ministry relooks Damansara project
K. Harinderan

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Developer of the controversial Damansara 21 project was given the green light by City Hall.

KUALA LUMPUR: The objections of the public to the controversial Damansara 21 project are being looked into by the Federal Territories Ministry.

Deputy Federal Territories Minister Datuk M. Saravanan said: "Since it has been brought up many times, we feel the issue should be heard again as it deals with public interest."

The objections by the Medan Damansara Residents' Association had culminated with a threat of legal action against City Hall for approving a project that the residents deemed unsafe.

Residents' Association secretary Peter Raiappan said: "We are now discussing with the residents who live in front of the development project for a fresh mandate to proceed with legal action.

"We need proper legal authority to file suit, as advised by our lawyers and we need the support of residents living in Jalan Setiapuspa 3 to achieve this."

Association officials said they had met with the residents but "too few" had come forward.

He said the association recently received a letter from the developer's solicitors stating that as the project had been approved, any further media statement on the matter would be viewed as slanderous.

Association committee member Randhir Singh said the residents' only redress would be to take legal action on the basis that City Hall did not abide by the by-laws and has gone against the Kuala Lumpur Structure Plan and Federal Territory Development guidelines.

"City Hall has clearly been selective in its approval as the views from 17 different government bodies, like the Department of Irrigation and Drainage and the Mineral and Geo-Science Department were not fully taken into consideration to ensure the safety of the project," he added.

City Hall approved the project last month with its officials saying they were satisfied that the developer had complied with all conditions of rectification work stipulated by a court order in April and did not contravene any conditions and regulations set by the DID and the Mineral and Geo-science Department.

The 2.33ha Damansara 21 project consists of 21 bungalows priced between RM10 to RM15 million each. The project started last December despite protests by residents.

rizalhakim

August 1st, 2008, 07:47 AM

Laman Rimbunan dapat sambutan
Oleh Nor Liza Ahmad
norli@bharian.com.my
36 peratus daripada 191 unit rumah teres dua setengah tingkat sudah dijual walaupun harga hartanah terus meningkat

KENAIKAN harga bahan binaan terutama besi dan simen, pastinya akan disusuli oleh peningkatan harga rumah. Keadaan itu menyebabkan pemaju kini perlu membuat pertimbangan teliti sebelum melancarkan sesuatu projek baru.

Kenaikan harga itu bagaimanapun tidak banyak membabitkan rumah kos rendah kerana harganya tertakluk kepada kerajaan, sebaliknya ia lebih tertumpu kepada rumah kos sederhana dan mewah.

Justeru, pemaju kini berdepan dilema sama ada untuk memindahkan kenaikan kos bahan binaan kepada pembeli iaitu dengan menaikkan harga rumah yang dijual atau menyerapkannya.

Kenaikan harga rumah yang dijual mungkin mempengaruhi permintaan terhadapnya manakala langkah menyerapkan kenaikan kos pula boleh menjejaskan keuntungan syarikat.

Bagaimanapun, pemilihan lokasi projek yang strategik dan pelbagai ciri menarik yang bakal ditawarkan daripada perumahan terbabit, pasti mampu menggamit pembeli, meskipun harga yang ditawarkan lebih tinggi.

Kenyataan itu diakui Faber Group Bhd apabila ia terus yakin permintaan jualan terhadap fasa ketiga projek Laman Rimbunan di Kepong, Selangor tidak akan terjejas, walaupun harga hartanah terus meningkat pada masa ini.

Ini terbukti apabila 36 peratus daripada sejumlah 191 unit rumah teres dua setengah tingkat berharga daripada RM547,800 hingga RM836,800 seunit yang ditawarkan dalam projek itu, sudah dijual.

Unit rumah berkenaan masing-masing menawarkan keluasan daripada 3,025 kaki persegi hingga 3,309.90 kaki persegi.

Pengurus Besar Kanan Faber Development Holdings Sdn Bhd, Khalid Abd Majid, berkata kedudukan di lokasi strategik memberi kelebihan kepada projek Laman Rimbunan menjadi pilihan pembeli.

“Kami yakin dengan projek hartanah yang dibangunkan ini dan syarikat juga tidak menghadapi masalah untuk menjual unit rumah yang ditawarkan.

“Kebanyakan pembeli kami membeli hartanah untuk tujuan kediaman. Setakat ini sambutan yang diterima amat baik dan kami tidak lihat akan berdepan masalah jualan,” katanya di Kuala Lumpur, baru-baru ini.

Projek hartanah Laman Rimbunan akan dibangunkan dalam enam fasa, dengan nilai pembangunan kasar (GDV) RM600 juta. Ia adalah sama antara Faber dan Metro Kajang Holdings Bhd berdasarkan pegangan ekuiti masing-masing 55 dan 45 peratus.

Pengarah Urusan Faber Group, Adnan Mohammad, berkata syarikat itu akan terus meninjau lebih banyak peluang usaha sama, termasuk menambah simpanan tanah untuk pembangunan jangka panjang.

Katanya, syarikat akan bekerjasama dengan Dewan Bandaraya Kuala Lumpur (DBKL) bagi memajukan projek hartanah merangkumi 40 unit rumah berkembar dan enam unit banglo dengan GDV RM90 juta.

Projek itu yang akan dibangunkan di kawasan seluas 2.28 hektar, dijangka dimulakan tahun ini.

Beliau berkata, Faber juga akan melancar projek hartanah, Taman Hilltop Perdana di Kota Kinabalu, Sabah pada 2 Ogos ini.

Projek bernilai RM32 juta itu menawarkan 32 unit rumah berkembar tiga tingkat berharga dari RM870,000 hingga RM1.1 juta seunit.

rizalhakim

August 5th, 2008, 04:03 AM

Malaysian developers to build fewer houses
By Rupinder Singh Published: 2008/08/04

THE government is expecting a 20 to 30 per cent reduction in the number of low medium-cost houses built this year as developers struggle with higher development cost.

Deputy Minister of Housing and Local Government Datuk Hamzah Zainudin said the country's housing sector is showing signs of slowing down as material costs have gone up by almost 30 per cent.

"I feel that the number of properties will reduce substantially this year especially in the low medium- and low-cost sector," he told reporters after launching Raine, Horne and Zaki Property Management Sdn Bhd's 24 hour customer care centre in Kuala Lumpur yesterday.

The care centre, the first of its kind in Malaysia, is a 24-hour call and emergency assistance for residential property owners.

Hamzah said amid the current soaring prices, the government is unlikely to meet its target to build 50,000 to 80,000 low medium-cost houses this year.

He said "quite a number" of private developers have indicated to the government that they are unable to sell such houses at a fixed price of RM42,000 each.

The ministry is keeping the ceiling price of low medium-cost houses at RM42,000 each but is studying to see if the price can be increased.

"The Minister of Housing and Local Government will make an announcement very soon," he added.

To date, Hamzah said, only 20,000 to 30,000 of the low medium-cost houses are in progress.

On fears of stalled or abandoned housing projects, he advised developers that have just started or are within six months into a project to re-look at their cash flow and to launch projects by phases.

rizalhakim

August 6th, 2008, 03:41 AM

Malton villas lure buyers
By S.C.CHEAH

The high-end Grove@SS23 units are priced at RM3mil

PETALING JAYA: Malton Bhd has received overwhelming response for its latest high-end project, The Grove @ SS23, since it was opened for registration recently.

It is understood that many of the over 300 registrants had booked some of the 35 waterscape villas.

“We expect 70% of the 35 units to be taken up, leaving possibly only the bumiputra-quota units,” said sales and marketing director Tracey Lai.

The prestigious gated residential development on the last parcel of freehold land in SS23 offers units priced from RM3mil.

http://biz.thestar.com.my/archives/2008/8/6/business/b_p7villa.jpg
A waterscape villa at The Grove @ SS23, Petaling Jaya

The main features include security alarm system with central monitoring option, CCTV at perimeter fencing, intercom system linked to the guardhouse, motion detector light, as well as jacuzzis.

“The Grove revolves around a tropical garden living experience and each unit is adorned with harmonious water features and provisions for a feature lift.

“Each home comes with two luxurious master bedrooms with jacuzzis,” Lai said.

The show unit should be ready in the next few months. Malton has also engaged TID, a renowned international interior designer from Singapore, to add further value to the project, which is accessible through the Damansara -Puchong Highway, Federal Highway and North Klang Valley Expressway.

The project would be completed ahead of schedule in 2011, like its prestigious Pearl Villas @ Section 16, which was sold out through private invitation, Lai said.

On the property market, she said it was “challenging” due to the upheaval in fuel price and rising construction cost.

“However, Malton remains focused on the high-end sector and we continue to see the opportunity as both bright and rewarding.”

She said The Grove not only clearly exemplified Malton’s strategic direction but also showed the company’s belief and confidence in the high-end property market despite the current economic uncertainties.

Malton had always focused on product differentiation and branding, Lai said.

“Malton is very market-driven, creating up-market lifestyle products that are customer-centric. We believe in continuous innovation of new products and the creation of value that embraces practicality and sustainability. All these have been well received by our buyers.”

rizalhakim

August 6th, 2008, 06:59 AM

Kemuning Residence julang anugerah hartanah terbaik

http://www.bharian.com.my/Wednesday/Ekonomi/20080806103502/mainpix
BERPRESTIJ: Ng (kanan) menerima anugerah daripada Sheilds di Singapura, baru-baru ini.

MAH Sing Group meraih anugerah berprestij, Hartanah Terbaik Malaysia dalam Anugerah Hartanah Asia Pasifik CNBC 2008 yang berlangsung di Singapura, baru-baru ini.

Anugerah itu diraihnya bagi projek Kemuning Residence untuk jenis hartanah C1 berkonsepkan banglo dalam taman berdasarkan kepada bahagian depan bangunan, reka bentuk seni bina, kecekapan tenaga dan inovasi.

Anugerah itu disampaikan Pengerusi Program Anugerah bagi CNBC, Stuart Sheilds kepada Ketua Pegawai Operasi Mah Sing, Ng Heng Phai.

Projek Kemuning Residence adalah hartanah berkepadatan rendah, berpagar dan mempunyai pengawal keselamatan yang merangkumi hanya 141 unit banglo.

Konsep banglo dalam taman yang diperkenalkan Kemuning Residence adalah inovasi baru Mah Sing dengan menyediakan ruang taman yang khusus bagi setiap banglo.

Banglo dengan keluasan tanah 50’x 80’ mempunyai keluasan binaan kira-kira 3,829 kaki persegi dan dijual pada harga dari RM800,000 dan ke atas.

Projek yang dilancarkan pada tahun lalu masih dalam pembinaan dan dijangka diserahkan kepada pembeli menjelang akhir tahun ini.

Sehingga kini sebanyak 80 peratus daripada unit banglo itu sudah dijual.

Anugerah Hartanah Asia Pasifik CNBC 2008 yang menerima penyertaan daripada 15 negara Asia Pasifik.

Ia adalah anugerah bagi tahun kedua berturut-turut diperoleh Mah Sing. Tahun lalu, kumpulan hartanah itu memperoleh Anugerah Pembangunan Terbaik Malaysia dalam Anugerah Hartanah Antarabangsa bagi projek Damansara Legenda.

rizalhakim

August 6th, 2008, 07:03 AM

Country Heights Damansara raih pengiktirafan empat bintang

COUNTRY Heights Holdings Bhd membanggakan Malaysia apabila hartanah mewahnya Country Heights Damansara dan Borneo Highlands Resort di Sarawak dipilih sebagai pemenang empat bintang pada Anugerah Hartanah Asia Pasifik CNBC.

Anugerah itu yang diadakan di Singapura baru-baru ini menyaksikan dua hartanah terbabit berjaya mengalahkan pembangunan hartanah terbaik yang lain di Asia Pasifik.

Dikenali sebagai “a Little Forest in Kuala Lumpur”, Country Heights Damansara dipilih sebagai Pembangunan Terbaik bagi keunikan hartanahnya yang berkonsepkan “Homes on A Hill, Homes with Character”.

Sementara itu Borneo Highlands Resort, Sarawak pula adalah kediaman percutian pertama di dunia dalam hutan hujan yang dipilih sebagai Pembangunan Golf Terbaik.

Kedudukan Country Heights Damansara di tapak seluas 80 hektar dengan dikelilingi kawasan hijau memberi kelebihan kepada projek itu dan terpilih pada Anugerah Hartanah Asia Pasifik CNBC.

Selain kedudukan di lokasi strategik, antara kelebihan lain hartanah itu ialah ia turut menerapkan tahap keselamatan yang tinggi dan harganya yang menikmati kenaikan 200 peratus dalam tempoh hanya enam tahun.

Ketua Eksekutif Country Heights, Datuk C S Ong, berkata anugerah itu adalah satu pengiktirafan terhadap pendekatan syarikat dalam pembangunan hartanah yang bukan saja mewah tetapi juga mengambil kira dari segi gaya, kualiti, alam semula jadi dan kecemerlangan.

Jelas beliau, kejayaan Country Heights Damansara bukan saja terletak kepada binaan rumah di kawasan cerun tetapi menerapkan elemen semula jadi dalam hartanah yang dibangunkan.

rizalhakim

August 6th, 2008, 07:05 AM

Projek Antara Gapi berkonsep Panorama Alam Tropika
Oleh Ahmad Fiesal Othman
fsal@bharian.com.my

http://www.bharian.com.my/Wednesday/Ekonomi/20080806103645/mainpix
MODEN: Salah satu projek Antara Gapi yang dibangunkan oleh PKNS.

PERBADANAN Kemajuan Negeri Selangor (PKNS) mensasarkan untuk membangunkan kira-kira 6,000 unit pelbagai jenis kediaman di Antara Gapi yang dijangka menghasilkan pulangan pelaburan sebanyak RM100 juta apabila projek itu siap sepenuhnya pada 2010.

Pengawal Pembangunan Wilayah Tengahnya, Norita Mohd Sidek berkata, Antara Gapi yang terletak kira-kira 10 kilometer (km) ke utara Rawang dan berhampiran Jalan Persekutuan iaitu 35 km dari Kuala Lumpur dibangunkan sejak 10 tahun lalu membabitkan enam fasa pembangunan.

Beliau berkata, pembangunan projek terbabit yang bakal menjadi pusat pertumbuhan baru bagi anjung utara Selangor setakat ini sudah memasuki fasa kedua yang mana pelbagai stok hartanah merangkumi, banglo, rumah berkembar dan rumah teres yang sudah siap dibina bernilai RM40 juta kini ditawarkan untuk pembeli.

“Walaupun kos pembinaan kini sudah meningkat kira-kira 30 peratus, PKNS masih mengekalkan harga lama untuk semua kediaman terbabit yang bermakna pembeli bukan saja menikmati penjimatan harga tetapi juga dari segi bayaran faedah pinjaman kerana kediaman terbabit sudah sedia diduduki,” katanya pada sidang media sempena lawatan ke projek itu semalam.

Antara Gapi adalah projek pembangunan bersepadu ke-10 daripada 11 yang di majukan PKNS dan hartanah kediaman yang ditawarkan berharga antara RM100,000 hingga RM350,000 seunit.

Projek pembangunan di tapak seluas 345.02 hektar itu asalnya adalah ladang sawit dan ladang getah yang dibeli PKNS untuk dibangunkan sebagai bandar baru.

Pembangunan Antara Gapi berteraskan konsep “Panorama Alam Tropika” dengan mengekalkan ciri asli landskapnya yang berlatar belakangkan pemandangan gunung ganang menghijau.

Ia kini sudah didiami kira-kira 3,000 penduduk dan dijangka seramai 32,000 penduduk akan menghuni kawasan terbabit pada 2010.

Norita berkata, perumahan Antara Gapi dibangunkan bagi mengimbangi pembangunan bandar besar di sekitarnya, khususnya Kuala Lumpur.

Beliau berkata, bandar baru yang terletak di Hulu Selangor itu dibangunkan dengan konsep rekreasi kediaman resort serba lengkap itu sangat mengutamakan ciri-ciri harmoni dengan alam sekitar dan eksklusif dalam satu persekitaran yang responsif dan seimbang dengan persekitaran.

rizalhakim

August 7th, 2008, 03:55 AM

Mutiara Goodyear to launch two projects

It is unperturbed by rising building material costs

KUALA LUMPUR: Mutiara Goodyear Development Bhd will launch two projects this year despite rising building material costs, says chief executive officer Kee Cheng Teik.

He said it would launch Prima Avenue within two weeks and a residential project in Melawati by year-end or first quarter of next year.

“We think it is a good time to launch now because there are not many projects currently. As long as our projects provide value for money, I think we still can stand well,” he said after the company EGM yesterday.

He said Mutiara Goodyear was confident of its product designs, good mix of properties and good locations.

It was not so concerned about building material prices because they would settle down at a certain level eventually, he said.

Kee said the company had started making arrangements, like direct purchase of materials from factories, to mitigate the higher costs but it was happy with its current profit margin.

“We foresee healthy property demand in the Klang Valley and Penang,” he said.

He added that the recent oil price hike did not really impact the property sector n the two areas.

However, the uncertainties might put purchasers' plans on hold for a while, he said.

The freehold Prima Avenue at Dataran Prima, Tropicana, comprises two towers of office suites and retail lots, and has a total gross development value (GDV) of RM120mil.

The 80-acre Melawati project, which has yet to be named, will consist of bungalows, link houses and commercial lots, with a total GDV of RM800mil.

Kee said after disposing of 253.72 acres in Seberang Perai Selatan to Tambun Indah Development Sdn Bhd for a joint-venture project, Mutiara Goodyear had about 45.6 acres left in Bandar Tasik Mutiara.

The group has a total of about 891 acres land bank in Penang and the Klang Valley. With an estimated total GDV of RM4.1bil when fully developed, the projects would be launched within five years, he added.

rizalhakim

August 7th, 2008, 04:26 AM

PKNS all out to promote Antara Gapi project
By JADE CHAN

BRANDED as a Tropical Nature Panorama, Antara Gapi is set to offer residents an all-encompassing recreation and resort-style living environment, Selangor State Development Corporation (PKNS) development controller for the central region Norita Mohd Sidek said.

“Antara Gapi has the characteristics of a self-contained township to make it a new growth centre, hence it has amenities like a primary school, police station, mosque and recreational space,” she said.

http://thestar.com.my/archives/2008/8/7/central/m_12house.jpg
Resort-style living: These two storey link houses (Simfoni) are among the properties still available.

Norita was speaking during an Antara Gapi: 10 years with PKNS briefing to introduce Antara Gapi and its development projects, and to commemorate the 10th year since the land was acquired and developed.

She stressed that PKNS was a long-term developer that aimed to create new townships with economic and social activities, as well as residential projects.

“All new developments by PKNS must have three components - commercial, industry and residential,” said Norita, adding that the focus for Antara Gapi is on residential projects.

“We have spent RM160mil and built 500 houses in the township so far.”

She estimated that PKNS’ investment in Antara Gapi until its completion in 2010 is worth RM1 billion, and the return on investment is valued at RM100mil.

Norita added that property sales contributed some RM530.6mil (60%) to PKNS’ revenue in 2007.

Antara Gapi, located about 50km from KL and 7km from Rawang, is the 10th new township developed by the agency.

It measures some 386 hectares and has a population target of 32,000 upon completion of all project developments.

“The township is has reached a 20% development stage thus far and is divided into six development phases,” explained Norita.

“Our selling point is that purchasers can buy new houses that are sold at old prices before the increase in cost of building materials.

“We have a lot of buyers who purchase properties at Antara Gapi as weekend homes.”

She is optimistic that all the 6,000 houses to be built in the township, which have a 99-year lease, will be sold by 2010.

PKNS has allocated 50% of land use in Antara Gapi for housing projects, 10% for recreational projects and 23% for infrastructure projects.

Industrial projects make up 3%, business 6% and institutional 8%.

PKNS presently has six projects in Antara Gapi that are available for sale and worth about RM40mil. Prices of these houses range from RM109,800 to RM339,800 per unit.

The six projects (and units left for sale) are:

> ONE-storey bungalows - 1 unit left

> ONE-storey terrace houses, Phase 1E, Section 1 - 137 units left

> ONE-storey bungalows, Section 2A - 11 units left

> ONE-storey twin houses, Section 2A (Cahaya Murni) - 9 units left

> TWO-storey link houses, Section 2C (Simfoni) - 48 units left

> ONE-storey twin houses, Section 2B (Seirama) - 19 units left

Norita said PKNS would be having a Property Sale until Aug 31 when purchasers can enjoy incentives like an air-conditioner, LCD TV or electrical goods vouchers, depending on the value of the purchased property.

For details, call 03-6075 1496/ 03-7957 3333 or visit www2.pkns.gov.my.

rizalhakim

August 7th, 2008, 08:06 AM

Mutiara Goodyear unfazed by uncertainties
by Julie Chong
Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Mutiara Goodyear Development Bhd will proceed with two new launches this year, despite the economic uncertainties that have forced certain developers to shelve their projects.

"We feel this is a good time to launch new projects, especially when there are not many following suit in the market," Mutiara’s chief executive officer Kee Cheng Teik told reporters after its EGM here yesterday. Kee expects healthy demand to continue despite the anticipated economic slowdown.

Mutiara Goodyear expects to launch a commercial development consisting of freehold business suites and duplex shops in two weeks. This will be followed by a development of high-end bungalows in Taman Melawati.

Kee said Prima Avenue consisted of two office-suite towers, which includes a retail shopping complex, on 1.364 hectares of land at Dataran Prima, Kelana Jaya in Petaling Jaya. The development has a gross development value (GDV) of RM120 million.

He said Mutiara Goodyear expected to launch the Taman Melawati project by year-end or the latest by the first quarter of next year.

The first phase will see a development of 142 units of high-end bungalows with a GDV of RM500 million while the second phase will consist of 175 units of condominiums, commercial units and super link houses, with a GDV of RM300 million.

rizalhakim

August 8th, 2008, 04:39 AM

Best property award for developer

THE Mah Sing Group shared its joy at winning the CNBC Asia Pacific Property Award 2008 for Best Property category with its Kemuning Residence house buyers recently.

The event, attended by some 80 purchasers, was held at the club house of Kemuning Residence.

Ng: ‘The award will spur the company on’
The guests indulged in the buffet spread while strollers played music by the pool.

There was also a karaoke session. No one went home empty-handed as every Kemuning Residence purchaser was presented with a wine chiller as a gift.

The Mah Sing Group won the award for its Type C1 Garden Bungalow, the concept of which is based on innovation by design in the architecture, layout, facade and energy efficiency features.

“The win brings much meaning to our efforts and ensures that we continue to deliver our best.” said Mah Sing Properties chief operating officer Ng Heng Phai.

The Garden Bungalow uses the next bungalow’s wall as a boundary, thus creating a private garden space for the bungalows. It encourages outdoor garden living and welcomes the serenity of nature into the home.

“The recognition of our Garden Bungalow design has given Kemuning Residence a place on the world property map.

“It means our house buyers are enjoying world-class living standards,” Ng said.

There are 141 bungalows worth a gross development value of about RM129mil at Kemuning Residence, which is a gated community with 24-hour security.

http://thestar.com.my/archives/2008/8/8/central/m_45houses.jpg
Award winning: A look at one of the properties at Kemuning Residence.

The project is expected to be completed and handed over by the end of this year.

rizalhakim

August 25th, 2008, 09:23 AM

http://www.megaharta.com/images/tiara-puteri/flyer00.jpg

TIARAPUTERI is tucked away in its own private precinct so you enjoy absolute peace and privacy. And as an exclusive ual gated and guarded property, you also enjoy absolute peace of mind.

Equipped with advanced features TIARAPUTERI's 24 hour security lets you rest assured that your most precious treasures - your family - are safe and secure.

A Home You can Proud of for Generations to Come

What could be better than waking up late on a weekend to the soothing sounds of Nature, then looking out the window to admire the lush landscape beyond. You walk into your ensuite for a relaxing jacuzzi bath. After which you proceed to your lanai for a refreshing yoga session under rhe sunlight.

You hear the sounds of your family getting reedy for breakfast and you decide to call your parents over to join you and your family. Two minutes later, they are in your kitchen, SMILING. It's so convenient - all they had to do was walk next door.

Indeed, TIARAPUTERI is the perfect home for your family.

http://www.megaharta.com/images/tiara-puteri/pic04.jpg

Living It Up In Impeccable Style

TIARAPUTERI homes ore the ultimate in Style and sophisticalion. Professionally designed to reflect your sense of style, TIARAPUTERI has everything the modern family needs - style, luxury and quality -with high standards fittings and finishing to give your home that polished look.

TiARAPUTERI's luxurious semi-D's are the perfect environment lo raise your family. It has all the space you need to accommodate your lifestyle, so you can really be creative and make if the perfect home of your dreams.

Experience Complete Bliss Everyday

Just imagine owning a luxurious home away from the pressures and bustle of hectic city life. Where fresh air and lush greenery is the norm. Where neighbours are friends and there is plenty of space for kids to run ond play.

There are plenty of parks to recreation spots nearby - perfect for an afternoon picnic with your loved ones, family and friends. And best of all, you can come home to this environment everyday.

From the beautiful Bukit Rahman Putra Golf Course to the most common everyday items, your every need is well raken care of. Just hop into your car and you can get everything you need in just minutes.

Your TIARAPUTERI home is also conveniently located to enjoy superb access to major centres via a complete network of roads and highways It is also just a stone's throw away from public transport networks such as the KTM commuters, supermarkets for your daily groceries shopping and schols for kid's education.

Low density - 76 units
Dual gated & guarded property
Single Floor unit for Princess Master bedroom
Spacious ensuuite jacuzzi spa
Tropical courtyard
Lanai for yoga meditation
Soho open-concept dining

http://www.megaharta.com/images/tiara-puteri/location-map.jpg

rizalhakim

August 26th, 2008, 09:40 AM

Twin Palms Kemensah, Ulu Klang, Selangor
http://www.lumchang.com.my/images/proj-twinpalms-kemensah.jpg

Situated on the lush and beautiful slopes of Ulu Klang, Twin Palms Kemensah is a freehold limited residential development featuring a special blend of privacy with affordability.

....cool huh...new project from Lumchang group...but still waiting 4 their luxury condo project in KLCC....

rizalhakim

August 26th, 2008, 10:00 AM

Faber may replicate Taman Desa success story

FABER Group Bhd may replicate its multi-billion-ringgit Taman Desa development if it finds a good location.

"We are not discounting it. It will be a challenge, but we are ready," managing director Adnan Mohammad told Business Times.

ADNAN: Will look at possibilities

"We will look at vicinity and locality since people like the Kuala Lumpur address.

"There's still a lot of land available in Segambut and the surrounding areas. I'm not saying that's where we will go, but we will look at all possibilities," he said.

Faber started developing the 100ha Taman Desa at Jalan Klang Lama in the mid-1970s.

About 90 per cent of Taman Desa, which will take another four years to complete, comprises residential properties. The rest are commercial units.

Faber still has 1.32ha in Taman Danau Desa, part of Taman Desa, ready to be developed. It aims to launch 38 three-storey link-villas, priced from RM1.6 million each, late next year.

Faber, in a venture with Kuala Lumpur City Hall, will also develop 2.28ha in Taman Danau Desa. It will build 40 semi-detached homes, priced from RM1.9 million each, and six bungalows, priced from RM2.5 million a unit, this year.

On another development, Adnan said that Faber will not proceed with a plan in the Sabah Growth Corridor as it wants to focus on two new housing projects in Kota Kinabalu.

This month, Faber plans to launch 32 three-storey semi-detached houses and two bungalows in Taman Hilltop Perdana.

Also in the pipeline is Lucky Heights, a RM110 million condominium project comprising more than 300 units.

Property development makes up about 35 per cent of Faber's revenue, with the rest contributed by its hospital support services business.

rizalhakim

August 27th, 2008, 05:59 AM

Zenpark@Cheras by MetroKajang Group

http://www.metrokajang.com.my/images/property/Zen%20Park%20Cheras1.jpg
Project : Proposed 44 units of 2 ½ Storey Semi-Detached House and 3 units of Bungalow House on Lot 1058 & 1059, Mukim Of Cheras, Daerah Hulu Langat, Selangor Darul Ehsan. (Noted: Issuance of individual Title)
Project Name : Zen Park, Cheras
Land Owner & Developer : Stand Allied Corporation Sdn. Bhd. (Company no. 190100-W)
Land Area : Approximately 9.343 acres – residential land
Land Tenure : Freehold
Location : Zen Park, Cheras development is located at 6th miles Jalan Cheras, behind a Petronas Petrol and Service Station, Wisma Lope and Restoran Cerana. Bukit Sungei Puteh Tambahan Forest Reserved and St. Francis of Assis Catholic Church is situated at the East and West of the project.
Main Access : Cheras – Kajang Highway (Grand Saga Highway)
Easy accessible from : Integrated trunk road and highway network that includes
Cheras – Kajang Highway, MRR2 and East-West Link.
Total Unit : 47 units
Type : (i) 2 ½ Storey Semi-D 40’ x 80’ - 44 units
(ii) 2 ½ Storey Bungalow -land size 5815,5864 & 7032 sf. - 3 units
Built-up : (i) 2 ½ Storey Semi-D 40’ x 80’ (int) - 3258 sf.
(ii) 2 ½ Storey Bungalow - 3638 sf, 3,746sf. & 3,939 sf.
Selling Price : :(i) 2 ½ Storey Semi-D 40’ x 80’ (int) - from RM 843,000.00 – 1,039,000.00
(ii) D/S Bungalow House - from RM 1,180,000.00 – 1,340,000.00
(iii) Sloped Bungalow Lot - KIV
Extra Land (Semi-D & Bungalow) : RM 60.00psf.
FBumi Discount : 7%
Bumi Quota : 50%
Status of Title : Individual title Available
Sale and Purchase Agreement : Free – Sale and Purchase Agreement legal fee
Completion Period : 24 months from SPA date

http://www.metrokajang.com.my/images/z/Location-Map-Zen-Park.jpg
For Further Enquiries Please Call :
Kajang Head Office Tel. No. : 603 - 8737 2323 / 8228

rizalhakim

September 8th, 2008, 04:26 AM

Malton’s strategy to weather slowdown
By ANGIE NG

Developer to have bigger presence in commercial and high-end residential property sector

MALTON Bhd sees the potential to build up its exposure in the commercial and high-end residential property sector to weather the slowdown in the medium-end residential property market.

“The challenging market conditions, fuelled by rising construction costs and petrol prices, have resulted in a slower take up of property. Developers with ongoing projects have to be ingenious to ride out the tough times,” director of sales and marketing Tracey Lai told StarBiz.

She said while a slowdown has crept into the residential market, there was still room for more commercial projects, especially Grade A offices in Petaling Jaya.

http://biz.thestar.com.my/archives/2008/9/8/business/b_pg15tracey.jpg
Tracey Lai explaining the development plan for The Grove.

Being an integrated developer helps as Malton’s construction division undertakes most of the company’s construction needs. This act as a buffer against any need for cost renegotiations with contractors or stalling of projects.

“Our target market is very niche and provide some form of cushion against any excessive margin erosion caused by the rising construction costs,” Lai said.

She said in keeping to the company’s market-driven and buyer-centric product policies, its line up of projects would be targeting at the high-end market.

Malton’s strategy is to focus on product differentiation and the right branding for a broad spectrum of upmarket lifestyle products, Lai added.

“We believe high-end property products will continue to enjoy good take up as high net worth investors are quite insulated from the prevailing high food and fuel prices. Many are looking to invest in properties to hedge against rising inflation.

http://biz.thestar.com.my/archives/2008/9/8/business/b_15grove1.jpg
An artist's impression of a waterscape Villa at The Grove @ SS23 to be developed by Malton in Petaling Jaya.

“While there are still uncertainties in the market, we believe an equilibrium will be reached in due course and the market will become buoyant again,” Lai said.

She said despite the prevailing caution among potential buyers, the property market would still be a good investment for investors, given the good rental yields and capital appreciation to be made.

“Developments at popular and prime locations will continue to attract buyers as decent yields could be reaped.

“Compared with many other countries in the region, Malaysia’s real estate products are still very much under priced and even with the full impact of cost increases, prices are relatively lower.

High-end properties in the country are considerably more affordable compared with in other countries,” she added.

Besides the quality workmanship and finishes, initiatives such as Malaysia My Second Home programme have also helped to attract foreigners to the country’s shores.

Liberalising guidelines such as the exemption of real property gains tax and relaxation of foreign ownership restrictions have also fuelled foreign buyers’ confidence in the market.

http://biz.thestar.com.my/archives/2008/9/8/business/b_15vsquare.jpg
An artist's impression of the V-Square commercial project.

“There is still room to further raise the attractiveness of local real estate to foreign investors. This will largely depend on the Government’s efforts to ensure a healthy and stable economy and further liberalise foreign ownership guidelines.

“In the current challenging times, there is a need to be market savvy and more buyer specific. We have to work a lot harder to connect with and reach out to the buyers that include South Koreans, Chinese, Middle Easterners and Russians,” Lai said.

Malton has a number of interesting high-end residential and commercial projects that have a total gross development value (GDV) of RM2.1bil.

One of its latest lifestyle offerings is the high-end gated development, The Grove in SS23, Petaling Jaya. The project on a 4.8 acre freehold land comprises only 35 exclusive three-storey bungalows and link bungalows priced from RM3mil to RM3.8mil each.

The Grove, with GDV of RM119mil, is planned for launch in October.

The designer homes, with six plus one en-suite bedrooms with a feature lift, boasts of a tropical garden living experience complete with water features.

The other upmarket residential projects include The Pearl @ KLCC and Amaya Saujana @ Saujana Subang. The Pearl @ KLCC comprises a high-end condominium project along Jalan Stonor and within the KLCC enclave.

The 41-storey block of 177 luxurious condominiums are spacious residences from 3,000 to 20,000 sq ft, including seven duplexes and three penthouses.

The 13-storey residential suite block of Amaya Saujana offers 318 residences priced from RM605,000 to RM918,000.

Malton’s flagship commercial development is V-Square (VSQ) – an integrated commercial project comprising two blocks of corporate tower, a block of corporate business suites, and two blocks of corporate offices, with retail space on the ground floors.

The project on a 2.6-acre plot in Jalan Utara, Petaling Jaya, will have a GDV of RM207mil.

rizalhakim

September 8th, 2008, 05:38 AM

Mah Sing sees better outlook for property margin

KUALA LUMPUR: Mah Sing Properties Sdn Bhd may consider increasing the selling prices of its future property projects by 15% to 20% due to the hike in construction costs.

However, chief operating officer Ng Heng Phai said it would depend on the building materials costs at the point of launch and the company was looking for alternative ways to absorb the costs.

“The increase will be adjusted accordingly if construction costs drop in the future,” he said after the launch preview of Phase 2 of Hijauan Residence in Cheras yesterday.

He said construction costs had increased 20% to 30% over the last four months and it was still volatile right now.

Mah Sing Properties had planned to launch Phase 2 before year-end.

“Phase 2 comprises 30 semi-detached houses and bungalows and the estimated selling price would be at least RM1mil per unit,” Ng said, adding that the company had received over 1,000 enquiries about the project. Phase 1 has been fully taken up.Besides, he disclosed, the company was planning to launch its four-storey hill villas project in Hijauan Residence next year and the indicative selling price would be from RM2.3mil.

Asked whether Mah Sing Properties was affected by the property market slowdown, Ng said it had not been impacted because of its niche product offerings.

He said the company would continue to focus on the medium to higher-end market segment, but would not rule out venturing into the industrial property market again like it did about 10 years ago.

On another note, Ng said the company was now looking for partners to jointly develop projects, comprising commercial and residential development, in Vietnam.

“We are looking for potential landbanks in Ho Chi Minh City now,” he said.

rizalhakim

September 8th, 2008, 05:40 AM

Mah Sing to proceed with Vietnam foray
By Sharen Kaur Published: 2008/09/06
BusinessTimes

On Hijauan Residences, the company is launching Phase Two of the development, comprising 30 units of garden bungalows worth RM40 million by November, and Phase Three, consisting 78 units of four-storey villas each worth over RM2 million by the second quarter of 2009.

"We sold the first phase in eight months after the launch. The market for high-end products are still hot compared with the low- and medium-range, and those priced RM300,000 to RM500,000," Ng said.

Phase One, which will be constructed by the end of this year, features 122 units of two- and three-storey semi-detached houses, priced at RM583,000 and RM700,000 respectively.

Ng said Mah Sing is considering buying more land in Cheras to build niche projects as it offers good earning potential.

rizalhakim

September 9th, 2008, 09:57 AM

Mah Sing looking to rebrand One Residence
By Tony CH Goh
Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Mah Sing Properties Sdn Bhd (MSP), a member of property developer Mah Sing Group Bhd, is evaluating the possibility of incorporating its One Residence project in Cheras into its high-end Lagenda brand, as it moves to take advantage of the strong demand for such properties, said its chief operating officer Ng Heng Phai.

“The Lagenda brand would be the most exclusive brand that we have, where the properties are priced from RM1.5 million. We are encouraged by the response from interested buyers for our good quality properties, which we anticipate would continue to be strong.

“We have not decided on the pricing for this project, as there are other factors to consider such customer demand and development cost. But we believe that going for high-end properties would fit into our business strategy of a short turn-around time,” Ng said after the preview of Phase 2 of the company’s Hijauan Residence project here last Friday.

Slated for launch by the first half of 2009 (1H09), Ng said One Residence comprising 20 to 25 exclusive bungalows with a built-up area of 5,000 to 6,000 sq ft each and located adjacent to MSP’s Hijauan Residence, would complete the mass-market, middle-end and high-end offerings by the company in the area.

Ng believed that properties were the best investment option at this moment, and offered the best hedge against inflation and helped to preserve wealth, as property prices would trend upwards after the initial slowdown during an economic downturn.

“A good example would be the first phase of our Hijauan Residence, where prices have appreciated by 10% to 15% even before completion,” he said.

The group has 14 ongoing residential and commercial projects with a remaining gross development value (GDV) of RM2.98 billion. They include the 82-acre The South Bay project in Penang, with GDV of RM1.3 billion, and Sri Pulai Perdana 2 in Johor worth RM180 million.

Unbilled sales stood at around RM1 billion as of March 31, 2008, representing a total GDV of around RM4 billion and ensuring the group’s earnings visibility for the next seven years.

According to Ng, the company has also ventured into commercial developments with The Icon Jalan Tun Razak and The Icon Mont Kiara, Southgate in Sungai Besi and South Bay City (the commercial portion of South Bay project comprising hotels, offices and retail outlets).

“All our commercial projects have received encouraging response, with the successful en bloc sale of The Icon and several foreign parties have also expressed interest in taking up two of the five blocks of commercial complexes in Southgate,” said Ng.

The Icon Tun Razak, comprising two blocks of Grade A offices, was sold to a consortium comprising Kuwait Finance House KSC and Autron Corporation Ltd for RM255 million in November 2007, and to Koperasi Permodalan Felda for RM174.4 million in July 2007. The sales came within 13 months of the group purchasing the prime land in October 2006.

On the progress of the Hijauan Residence development, Ng said all the 120 units of semi-D and three-storey link houses under the first phase, launched in June 2007, had been sold and the development permit had been submitted for the second phase. Comprising 30 garden bungalows priced from RM1.2 million to 1.3 million each, work is expected to start later this year for completion in 24 months.

Work on phase three of Hijauan, with 76 hill villas priced at over RM2 million each, is targeted to begin next year.

Mah Sing is also looking at opportunities overseas and would be prudent in timing its entry into China, Vietnam and India, said Ng.

rizalhakim

September 18th, 2008, 10:35 AM

Mah Sing picked as top developer in Malaysia
Published: 2008/09/18

PROPERTY developer Mah Sing Group Bhd has won three awards at the Euromoney Liquid Real Estate Awards 2008 event, including the highest honour of the "Top Developer Overall Malaysia".

In a statement, Mah Sing said the other two awards were the "Best Office/Business Developer Malaysia" and the "Best Mixed-Use Developer Malaysia".

The award ceremony will held at a gala dinner in London on October 2. The selection of winners is based on surveys and assessment of the real estate sector’s performance and achievement over the past year.

“It is a testament to the talent and hard work of our entire organisation to build a leadership position for Mah Sing and the quest to be a regional, world-class developer,” the group managing director and group chief executive, Datuk Sri Leong Hoy Kum, said.

The company said the top developer award is the single most important category for developer’s and honours only one company in each country.

“The recognition is attributable to Mah Sing being a consistent provider of high quality and profitable real estate projects,” it added.

The Mah Sing Group is listed on Bursa Malaysia and has 14 projects in the Klang Valley, Johor Baru and Penang. — Bernama

rizalhakim

September 22nd, 2008, 04:47 AM

Mutiara Goodyear posts RM5.8m Q1 profit
Published: 2008/09/22

PROPERTY developer Mutiara Goodyear Development Bhd recorded a net profit of RM5.8 million in the first quarter ended July 31 2008, up 163.7 per cent from RM2.2 million registered in the previous corresponding period.

This was achieved despite a revenue drop of 42.6 per cent to RM35.6 million, from RM62.0 million in the same period last year.

Chief executive officer Kee Cheng Teik attributed the profit growth to sales derived from its Mutiara Gombak project, which comprises 140 units of semi-detached houses and 181 units of terrace houses.

This project has been fully sold at a good profit margin.

In a statement issued last Friday, Kee said Mutiara Goodyear remains optimistic of its performance in future.

The group is encouraged by the recent overall take up rate of over than 60 per cent of its Prima Avenue, Kelana Jaya, project.

Prima Avenue is a commercial development consisting of business suites and retail outlets with an overall gross development value (GDV) of RM120 million.

Meanwhile, the group is also finalising a number of projects to be launched next year with a total GDV of RM2.5 billion.

They include Nadayu Melawati in Kajang and mixed residential projects in Seberang Prai and Penang Island as well as a commercial development in Sunway Commercial Centre in Petaling Jaya.

rizalhakim

September 22nd, 2008, 10:18 AM

Sentral Green - Penang

http://www.wingtaiasia.com.my/images/sgre/sgre_area.jpg
Located on a quaint 4.61 acre site in the south easterly residential suburb of Penang is DNP’s latest development - Sentral Greens. Sentral Greens comprises only a total of 52 units of 3 storey terrace houses and a pair of semi-detached houses in the whole development. The focus of the project is undoubtedly the proximity of the site with a metropolitan park and a 1.6 acre rejuvenation park directly adjacent to the project. This therapeutic garden was conceptualized with a reflexology pathway, grid planting, children’s playground, tai-chi/exercise square, therapeutic plaza, grass mound and other recreational platforms, allowing the inhabitants of Sentral Greens an opportunity to partake in nature as well as foster family activities within the confines of home. The garden is seen as an elixir to the stressful nature of the modern life. Houses have also been planned along the north south axis thereby ensuring that no harsh direct sunlight penetrates the homes. Consideration has also been made for ample car park space and an area for a personal planting has also been carefully thought out.

It is envisaged that construction for the project will begin in Aug 2008 and be completed sometime in 2010.

http://www.dnpland.com.my/images/sgre/relau_map.jpg

http://www.dnpland.com.my/psales_sgre.htm

rizalhakim

September 25th, 2008, 06:24 AM

City & Country: No stopping DIAN

Email us your feedback at fd@bizedge.com

The sun is cooperative; the skies blue. The venue: Forest Reserve Institute Malaysia (FRIM) in Selangor. It is against this backdrop of natural beauty that Dian Lee, eldest daughter of veteran property developer Tan Sri Lee Kim Yew, presents Clearwater Group's upcoming and most ambitious property development project. Someone remarks during the two-hour photo shoot at the site that the poses struck by Dian and her team of ladies bear a resemblance to scenes from the popular TV series Sex and the City. But the likeness ends there.
These ladies are no pushovers (neither are those in Sex and the City, some might argue). They are key members of the team behind a mammoth and environmentally friendly luxury living project spanning 247 acres — inclusive of a 51-acre lake — and boasting a gross development value of RM2.5 billion to RM3 billion.
Called Bluwater Estate, the project is set to unfold in Seri Kembangan in the southern part of Kuala Lumpur, which has been made popular by the high-end Mines Resort and the award-winning and gated and guarded Gita Bayu. (The team had insisted on the venue for the photo shoot because the project is "green".)
Spearheading the team is Dian, managing director of Clearwater. The others are Lim See Tow (group director of operations), Ruby Loo Ang Chu (group project director) and Stef Lim (group head of communications).
Bluwater Estate is Dian's fourth property development outing and certainly the most significant to date in both project size and value. She debuted Clearwater Residence, a boutique condominium in Damansara Heights that is 90% sold and due for completion late next year.
After tasting success with Clearwater Residence, Dian went on to acquire an existing 9-storey office block adjacent to it for RM18 million and then a 1.8-acre tract in Kuala Lumpur's exclusive Bukit Tunku. The office block, Wisma Antah, will be refurbished into a smart office building to be renamed WORK@Clearwater. Over in Bukit Tunku, subject to authorities' approval, Clearwater Estate will be built. It will comprise five villas, the cheapest of which will cost between RM20 million and RM25 million. All these are being undertaken by the Clearwater Group, which Dian controls.
While Lee senior did not feature in Dian's earlier projects, he will in Bluwater Estate because the project site belongs to his privately held Mines Resort Bhd. Clearwater is in the process of acquiring the site through Bluwater Developments Bhd.
Recently, Lee senior, founder of Country Heights Holdings Bhd, has been scaling back his privately held local property development activities.
Bluwater Estate was born early this year. "My dad was talking to a few foreign buyers but my partners and I saw the opportunity. This ex-tin mining tract is the closest lakewater front property in KL with good accessibility and still a lot of undeveloped land. We felt that the pricing was reasonable. The valuation of the property was RM400 million to RM430 million." How much did she pay? "Something close to the valuation — we felt it was fair," is all Dian is prepared to say for now.
Touted as environmentally focused, the double-gate mixed development will comprise cluster semi-detached homes, bungalows, lakeside luxury villas, townhouses and middle and high-rise apartments.
Phase one is likely to be unveiled in 1Q2009 and it will comprise semidees with indicative prices ranging from RM600 to RM700 psf. The project will unfold in several phases stretching over six years or so.
Clearwater Group currently has four partners, Dian the controlling partner, Singapore-based, award-winning architect Sim Boon Yang of Eco-id Architects, a Hong Kong partner and the latest partner — a private equity property fund from Singapore. There is a possibility the board will be further expanded, Dian says. This makes sense — Bluwater Estate is huge, unlike the boutique Clearwater brand.
Those familiar with the site of Bluwater Estate would remember it being marketed as the South Lake development. The land has a 89-year lease but Dian says the company will work at extending it to 99 years by the time the project is in the market.
Within the perimeter of South Lake is a condominium project called The Heritage, but this is not part of Bluwater Estate. The Heritage, which is in varying stages of completion, comprises Heritage Residences, Heritage Village and Heritage Tower. Heritage Residences features 842 units in five 18-storey blocks. Heritage Village offers 120,000 sq ft of retail space while Heritage Tower comprises eight levels of office space with 135,000 sq ft. "The Heritage is not part of Bluwater Estate, but we are doing upgrading works," offers Dian.
Indeed, it does not augur well for Bluwater Estate to have a failed neighbour in its midst.
Meanwhile, bungalow lots already sold under the South Lake brand will be offered as a feature of Bluwater Estate. In all, two sections are earmarked for bungalows and these have been sold as plots from five years ago, at an average price of RM120 psf. For some, the price is as low as RM90 psf, depending on their size. The latest transaction valued the lots at RM180 or so psf. The value of these lots will appreciate once Bluwater Estate is launched, Dian is confident. As for the unsold plots, the plan is to build then sell.
Owners and residents of the already sold bungalows would be given the option to make use of Bluwater Estate's green services and amenities. They could opt to pay maintenance fees and use the clubhouse and other facilities as well, Dian says.
Condos, townhouses, bungalows and an abundance of retail space make up the South Lake master plan. "We don't want to do so much retail or high-rises. Instead, we will now offer a clubhouse and landed homes in semi-detached units," says Dian.

The blue dot
Dian has come a long way since her early property development days. Beneath the dainty exterior is a feisty 24-year-old, who was introduced to the world of bricks and mortar at a young age by her developer father. A Generation Y developer, Dian has her own ideas about property development — the desire to think out of the box is palpable.
For instance, why the name Bluwater Estate? "Earth is a very small stage in a vast cosmic arena," she says, quoting astronomer Carl Sagan. "On it, everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives. It is our responsibility to deal more kindly with one another and preserve and cherish the pale blue dot, the only home we've ever know."
Besides being visually moved and inspired by the blue dot and its significance, Dian has another reason for naming the project Bluwater. "Blue is the colour of the water of the lake on the project's grounds after rain. If you were to google 'blue water', there are so many… For us, blue means more than that (referring to Sagan's quote). Every king, every hero, everyone that you ever know lives on that pale blue dot! It makes you feel so fragile and vulnerable. We cannot take Earth for granted. Already, we have suffered from the effects of tsunami and earthquakes. These are consequences of global warming."
Which explains the green concept of Bluwater Estate. But is this mere hype, to cash in on the increasingly marketable eco-buzz? No, Dian protests. She says the company is adopting four green strategies — energy efficiency, rainwater harvesting, waste management and green architecture.
These have been incorporated into Bluwater Estate's master plan, which replaces that of South Lake. "We are the first developer in the country to work with specialists from the masterplan stage; that shows our commitment and how serious we are. That's a lot of technology out there that we are not aware of, such as geothermal air-cooling systems, which we are exploring for our clubhouse. The lake is 100m deep; we can extract water from the bottom of the lake to cool a building. Of course, it will cost money but investing in a sustainable project pays off in the long run because the life of the building is extended."
Helping the company is Environmental Resources Management Ltd Sdn Bhd (ERM), a world-leading provider of environmental consulting services that has been active in Malaysia since 1990 and completed over 1,000 projects for the government and private sector. This will be its first involvement in a property development in Malaysia, although it has worked with property development firms elsewhere in the world, Dian says.
According to her, the solar panels will be designed to compliment the project's green environs. Energy-saving bulbs will also be used, all the sanitary fixtures and fittings will be water-efficient and rainwater recycling will be practised. "This is not just at the residents' level but also management's. I have started with the whole idea of environment awareness with my staff. This is not hype, but something that is very close to the partners' hearts," reiterates Dian.
Aesthetically designed recycling bins will be provided in all residences. "We will have a system to collect this waste for proper recycling. On management's end, our contractors, for example, will have to give us their plan on how they are going to manage the waste."

Green design
The project's green architecture comes with ERM's input. "So far, we have done the design for the semi-detached units; something dramatic and different for the entrance statement. The flooring, for example, will come in granite chip that offers a very upmarket and estate feel. There will be a lot of open space to create the estate feel. There will be an infinity pool by the lake," reveals Dian.
The design needs are being taken care of by Sim, her partner-architect, whose credentials include the Metropolitan Hotel in Bangkok, The Sarojin in PhangNga National Park, the ongoing The Binjai in Kuala Lumpur, the Four Seasons in Phuket and the Shangri-la in Dubai.
Anchoring Bluwater Estate will be a clubhouse (which will boast an organic deli, a theatre, spa and multipurpose room) whose architecture will be ergonomic. There will be lots of green walls, for instance.
Dian describes the design of the semidees as quaint and interesting. "We have three designs now and these are being fine-tuned. The roof is different — interesting visually, not boring. The plan is to build 300-odd units of semidees with a built-up of 4,500 sq ft on plots of about 4,000 sq ft. The pricing has yet to be determined."
If Dian were asked to sum up Bluwater Estate, she would probably say: a modern, green luxury estate for families and their future generations.
An existing feature of South Lake is an Australian international school. "We are going to encourage parents, perhaps even our security guards, to commute by buggy on the estate's grounds," says Dian. The idea, she continues, is to attract people who are like-minded about the environment.
There will also be a horse-riding school. "We will be promoting non-motorised water sports like kayaking and rowing to prevent pollution and preserve the blue water. Motorised water sports could also disturb lakeside bungalow owners," Dian adds.

Cost of green living
Will green living make a dent in the finances of residents? "The maintenance fee will not be that much more. This is just a value-added service for the residents. People who buy into the concept will not mind paying for their trash to be sorted out for recycling. This is not a profit-making operation for management," assures Dian.
What about the landscaping? "It will be a balanced resort style. We don't want to overplant fruit trees and make the grounds look like an orchard. 'Tasteful' is the word, and we will do this with advice from ERM."
If Dian appears adamant about promoting green living, she is. "Becoming a mother has changed everything for me. It makes me want to make Earth a better place for our future generations. You may say this before you become a mother, but after you have had a baby, it has a different meaning to it…" says Dian, whose son is 11 months old.
Motherhood aside, Dian and partners see in Bluwater Estate a huge business potential, including a listing down the road. "That's why the private equity property fund came in. We are looking for more private equity funds to come in prior to our listing." Which is why Clearwater's headcount has grown from 5 to 50.
This budding developer never ceases to surprise.

rizalhakim

September 26th, 2008, 06:16 AM

RM100m more for low-cost homes

Deputy Prime Minister Datuk Seri Najib Razak says the bigger allocation for housing for low-income group is due to rising construction costs.

PUTRAJAYA: The government has allocated an additional RM100 million to build houses for the low-income group over this year and next.

The allocation, which falls under the Rumah Mesra Rakyat (RMR) scheme, will enable 1,500 affordable homes to be built nationwide, Deputy Prime Minister Datuk Seri Najib Razak said yesterday.

Syarikat Perumahan Negara Berhad (SPNB), a wholly-owned subsidiary of the Minister of Finance Inc, will undertake their construction.

The RMR scheme was introduced in 2002 and aimed at helping those with a household income of less than RM1,500 own their own homes, given their difficulty in securing loans from financial institutions.

Najib said the additional RM100 million would help build homes that cost more than before, at between RM70,000 and RM80,000 each, depending on their location.

"The cost of the homes had to be raised given the escalation in construction costs," he said at a media briefing at the Finance Ministry yesterday.

The size of each house is estimated at between 700 sq feet and 900 sq feet.

Applicants for the scheme have to be aged between 21 and 65 years and must own the land on which the house is to be built.

However, it can also be built on land owned by the applicant's close relative, provided the relative gives him statutory approval to do so.

According to Najib, SPNB has built as many as 6,551 houses at a cost of RM310 million since the RMR scheme came into being in 2002.

Another 6,263 units that cost RM425 million are still under construction and are estimated to be completed by March next year.

Under the RMR scheme, a house owner only has to bear two-thirds of the house cost in the form of a no-interest loan based on the Al-Qardhul Hassan concept. The remaining one-third of the cost is borne by the government.

Meanwhile, Najib said the Malaysian economy is on track to achieve growth of "about 5.7 per cent or 5.5 per cent" this year despite the current global financial turmoil.

The 5.7 per cent growth is an estimate by the Finance Ministry, while the other is an estimate by Bank Negara Malaysia, Najib, who is also finance minister, said.

"We're still on track, provided there is no more disastrous news coming out of the US that will impact the global economy," he told reporters.

rizalhakim

September 29th, 2008, 06:02 AM

new from sunway berhad - sunway rydgeway

http://www.sunwaymas.com.my/launchproject_rydgeway.php

rizalhakim

September 29th, 2008, 06:55 AM

20Trees, Ampang

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rizalhakim

September 29th, 2008, 07:21 AM

http://www.nbcgrp.com.my/images/going_launch/new_cyprus_b.jpg

rizalhakim

September 29th, 2008, 07:23 AM

http://www.nbcgrp.com.my/images/going_launch/new_dahlia_b.jpg

rizalhakim

September 30th, 2008, 04:40 AM

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rizalhakim

September 30th, 2008, 04:41 AM

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rizalhakim

September 30th, 2008, 06:33 AM

Developer says it is protecting residents
Noel Achariam

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Workers constructing a protective wall near one of the damaged houses

KUALA LUMPUR: The developer claimed that it was just trying to protect the residents and not ignoring a stop-work order from City Hall.

Workers constructing a protective wall near one of the damaged houses.
That was the reply from the developer after residents of Medan Damansara accused SDB Berhad of restarting work despite a stop-work order from City Hall on the controversial Damansara 21 project.

It is learnt that SDB Berhad was doing soil rectification work on the hillslope to prevent further landslides.

Last month, two families in Jalan Setiapuspa 1 fled their homes after a landslide caused the walls of their homes to collapse.

The two families were told by the Fire and Rescue Department to vacate the houses as there may be more landslides.

The two families are currently staying with friends after rejecting an offer by the developer to house them in a hotel.

A contractor at the site said SDB Berhad is constructing a rubble wall to prevent landslides.

On accusations that SDB Berhad workers were even working on a Sunday at the hillslope, he said the company wanted to complete the protective wall fast so that the affected families could move back into their houses as soon as possible.

"We are currently stabilising the slope at the base of the hill. We hope to finish the work soon," he said.

An official from SDB said the two families could return to their homes after Hari Raya. "In the next few days, we would have completed works on the hillslope," he added,

The project at Medan Damansara has led to residents being at loggerheads with the developer over the past four months. The residents are objecting to the project and are claiming that the developer has failed to obtain certain approvals from the authorities.

rizalhakim

October 4th, 2008, 09:47 PM

Brisk sales for Hunza project
By DAVID TAN

GEORGE TOWN: Hunza Properties Bhd has sold over 95% of its RM105mil Alila Homes project, comprising 122 three-storey linked houses and 40 three-storey townhouses, in Tanjung Bungah Hill.

Executive chairman Datuk Khor Teng Tong said the group spent RM5mil on landscaping the terraced garden according to feng shui principles.

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The 3-storey linked houses in Alila Homes.

Besides the terraced garden, purchasers were attracted to the project’s elevated location at least 50m above sea level and its security system, he told StarBiz.

“It is a gated and guarded community.

“There are also closed-circuit televisions strategically located in the development,” he said.

Although construction and land costs had increased by 30% and 200% respectively, Hunza had maintained the original selling price of RM786,000 for the three-storey linked houses, he added.

The linked houses have built-up areas ranging from 2,218 to 2,378 sq ft. The project also has a clubhouse with various facilities.

rizalhakim

October 10th, 2008, 06:24 AM

City Hall gives developer go-ahead
K. Harinderan

KUALA LUMPUR: City Hall is convinced that SDB Damansara Sdn Bhd, the developer of the controversial Damansara 21 project, has met all the conditions set by the former.

As such, City Hall on Tuesday lifted the stop-work order on the company.

"Based on reports from our officers, it was found that the developer had met all conditions set by the development order issued on April 21 for rectification work to the site," said Kuala Lumpur Mayor Datuk Ab Hakim Borhan yesterday.

He said that after getting feedback from various governmental agencies, City Hall was convinced that the development at the disputed hill slope was safe.

He confirmed that the project had also received the green light from the Drainage and Irrigation Department (DID) recently.

The residents of Medan Damansara had claimed that the developer had not fulfilled all criteria set by the DID for the hillslope development.

The residents also submitted a report to the Anti-Corruption Agency on Sept 3.

Asked about the complaints by Medan Damansara residents, Ab Hakim said a committee comprising representatives from the residents' association, City Hall and the developer would soon be formed to address future issues.

On whether the removal of the stop-work order would affect investigations by the ACA on the report lodged by the residents, Ab Hakim said that the investigations could go on as the order to resume work does not obstruct investigations.

"The release, however, comes with conditions and our officers will continue to monitor to ensure that the development is safe and best practices are applied by the developer based on the development order obtained by them last year," added Ab Hakim.

The developer was issued a stop-work order on April 21 and also slapped with a RM100,000 fine for failing to comply with safety standards.

The high-end Damansara 21 project consists of 21 luxury bungalows priced between RM10 million and RM15 million each. The project started last December despite protests and complaints by residents.

SDB managing director Teh Lip Kim said: "The release will allow us to go ahead with our plans to improve the safety of the slope and complete the development which we are confident will add value to the real estate prices of the surrounding area."

The parcel of land purchased for the Damansara 21 development was acquired in 2005, with approved Development Order (DO) and Building Plan (BP) for 25 units of bungalows and a clubhouse. After the land was purchased, the development concept was revised and density reduced to only 21 units.

"Prior to the commencement of the project, SDB was committed to a rigorous process to ensure all approvals were in order before carrying out work on the site. We had purchased the land with an existing DO and had also obtained approvals from a total of 16 independent departments and agencies under the purview of a committee set up by the Federal Territories Ministry," she added.

Approvals and feedback from these departments were obtained after a period of 20 months. Subsequently, the amended DO was approved and issued by City Hall in Feb 2007.

"SDB recognises that some of the residents in the surrounding area had voiced their objections to the development but the company has on its part, been open and transparent in its dealings with all parties," she said.

On the investigations by the ACA following the report by the residents, Teh reaffirmed the company's commitment to extend its fullest cooperation to the authorities as it had done in its past dealings with local, state and federal authorities.

"Our open invitation to residents to come and view the approval documents and development plans as well as attend our weekly site meetings is testimony of our transparent business practices.

"We have nothing to hide as we are confident that our processes and procedures comply with the regulatory requirements of the authorities."

rizalhakim

October 15th, 2008, 04:16 AM

D'Sara Villas-Bandar Sri Damansara

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Sales & Marketing Office:

Sri Damansara Sdn. Bhd. (110516-H)
Level 2, Block D,
Sri Damansara Business Park,
Persiaran Industri,
Bandar Sri Damansara,
52200 Kuala Lumpur.

For more information on how to be part of this privilleged community, call our sales office: 03 6276 8388
Fax: 03 6275 0272

rizalhakim

October 18th, 2008, 04:50 AM

Anjung Sari @ Bandar Setia Alam
http://www.anjungsari.com.my/

King Series
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rizalhakim

October 18th, 2008, 04:52 AM

Queen Series

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rizalhakim

October 18th, 2008, 04:52 AM

Prince Series

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rizalhakim

October 18th, 2008, 04:53 AM

ClubHouse

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nazrey

October 18th, 2008, 02:24 PM

Lagenda Damansara
Damansara Heights

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rizalhakim

October 28th, 2008, 04:26 AM

Enclave of bungalows located within Senawang Park City
By C.S.NATHAN

SET against a picturesque backdrop of a mountain range and with lush landscaping within the development, the exclusive homes that make up D’Venea Residence is the first of its kind in Senawang, Negri Sembilan.

D’Venea Residence, the latest offering by established developer Park Properties Sdn Bhd, heralds a change for residential properties in Senawang as it would be the first exclusive gated and guarded development in the township.

Park Properties marketing and business development senior manager Charles Duncan said it was only natural for the company to branch out into developing high-end residential properties.

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Regal: A double-storey bungalow at Park Properties’ high-end D’Venea Residence in Senawang

“Over the past 20 years, we have built a wide range of properties here, from single-storey terraces, semi-detached homes to a commercial and industrial park.

“We felt the launch of D’Venea was timely as the focus was on creating a better quality of living and our homes do just that with their emphasis on contemporary modern living comparable to the latest developments in the Klang Valley area at a fraction of the price,” he said.

D’Venea is an enclave of bungalows situated within Senawang Park City (Taman Bandar Senawang), a self-contained township developed bythe developer, who were also behind many popular landmarks in the area including Senawang’s Giant hypermarket, Taipan Senawang, Senawang Commercial Park and Spanish Villa Condominium at Taman Tasik Jaya.

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Soothing feature: D’Venea Park is a uniquely designed park with paved walkways, water features and lush landscaping.

The first phase of the low-density development, comprises 32 elegantly designed single and double-storey bungalows.

The single-storey units come with four bedrooms and three bathrooms with a built-up area that starts from 2,300 sq ft while the double-storey has six bedrooms and five bathrooms with a built-up of 3,400 sq ft.

“The single-storey bungalow retails at an average of RM460,000 while the double-storey units are going for an average of RM680,000,” said Duncan.

Duncan said the spacious homes were ideal for both the young and the old with ample facilities and amenities at its uniquely designed D’Venea Park.

“If security is a concern, we have got that covered with high-perimeter walled fencing, security guards patrolling the area and CCTVs at key locations.

“We also have a 1.2ha park within the residence that would soon include a swimming pool.

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Modern yet functional: Duncan explaining the layout of bungalows at D’Venea Residence.

“Our homes are strategically located within five minutes from Giant hypermarket and Senawang Commercial Park, where you have banks, clinics, restaurants and a newly-opened medical centre,” he said.

Duncan said the homes were ideal for those who worked in Kuala Lumpur or the KLIA area as the residential development was situated away from the hustle and bustle of the city.

“It’s easily accessible via the North-South Expressway and its good value in comparison with the rising costs of homes in the city.

“Here, one can unwind and enjoy the best of both worlds with our modern homes and beautiful vistas just outside your window,” he said.

A primary school, mosque and kindergarten are also slated for development within walking distance of the D’Venea Residence.

Duncan said they also wanted to introduce three-generation family living and the homes were designed with that in mind.

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Far from the hustle and bustle: A single-storey bungalow at the D’Venea Residence in Senawang retails at an average of RM460,000. Note the picturesque hills in the background.

“The layout of our homes is modern yet functional. Many people live with their extended families and we wanted to ensure that comfort for everyone was a priority,” he said.

Duncan assures prospective purchasers that the development offers exclusivity.

“This is a very low density project with a planned 110 units only within the 8.09ha development.

“Here, you wake up to the sounds of nature and the breathtaking view of Gunung Angsi whilst only being minutes away to modern amenities. It’s excellent value as well as a sanctuary for the senses,” he said.

For enquiries, the sales office can be contacted at 06-678 1118.

rizalhakim

November 5th, 2008, 03:53 AM

Tranquil allure of Bukit Melawati
by Venus Hew
Email us your feedback at fd@bizedge.com

He was enjoying the good life as a remisier in the boom days when the stock market was flying, until the Asian financial crisis hit. But Jeffrey Ong Teng Buey switched from stocks and shares to property development when he was offered the chance to purchase a tract of land with spectacular views in the hills of Melawati in Selangor.
Ong still reminisces about the times he used to blaze around in his four flashy cars — a red Ferrari 355, Porsche 991 Carrera, Porsche 993 Carrera and Porsche 993 Turbo — before the 1997/98 regional financial crisis hit, but these days, Ong fills his to-do list with visits to his construction site and marketing his project, called Bukit Melawati, which comprises 21 bungalows.
“Those were crazy days in my life,” the 47-year-old managing director of Symbol Vintage Sdn Bhd says.
Why did he choose to enter the competitive world of property development?
Ong says it was a case of “grabbing opportunity”. It was 2003 and the property sector was hot. Someone showed him a 8.131-acre tract perched at one end of Selangor’s Taman Melawati — and it was love at first sight.
But he had zero knowledge about what it takes to build homes. So he invited his cousin-in-law Wong Tuck Onn to join him. Wong is today an executive director and holds a 10% stake in Symbol Vintage.
Wong, 59, is no stranger to property development. He was involved in the development of the 800-unit Palm Court condominium back in 1985 when he was a shareholder of Ramal Properties Sdn Bhd.Wong took over the company in 2000, which is now an investment holding company that enjoys recurrent income from leasing out condominiums.
Like Ong, Wong too was bowled over by the land, which was purchased for “over RM4 million”. While a key part of the property’s appeal is the tranquil setting of hills and a river, the terrain is “difficult”.
The duo was not deterred. “We have chosen a good piece of land with difficult terrain to start my maiden project. At least RM20 million has been pumped into it. I want to give buyers the best,” Ong tells City & Country.
Ong and Wong have since found a third partner in Joe Foong Chee Leong, who is the owner of interior design company Budji Living Sdn Bhd, As fate would have it, Foong and Ong are distant cousins. Foong’s contribution is obvious — he is in charge of interior designing and layout planning.
On his part, Wong, an accountant by training, enlisted the services of consultants whom he had worked with and who had good track records.

Attractive designs
It was a breezy day when City & Country recently toured the Bukit Melawati site, where construction is in progress. On elevated land surrounded by greenery, the bungalows have been designed to take in the tranquil scenery.
“With the Ampang Elevated Highway, the project is a 15-minute drive to KLCC and is near to the thriving townships of Ampang and Wangsa Maju,” says Jeffrey Ong Teng Buey, the managing director of Symbol Vantage, the developer.
The 3-storey bungalows are tagged from RM2.7 million to about RM3.7 million.
Bukit Melawati has a gross development value of RM66 million. The official launch has been slated for Nov 2 and at press time, the developer says 40% of the 17 units have been sold.
Every bungalow has 5 bedrooms with bathrooms attached, a powder room and a servant’s room, which also has an attached bathroom. The bungalows come equipped with 10 split-unit air conditioners while all the master bedrooms are furnished with built-in wardrobes.
Says Ong: “We are targeting buyers who are staying nearby, who wish to upgrade.”
The current soft market and leasehold tenure of Bukit Melawati may put off buyers but Ong says: “We are not worried... a nearby freehold project is priced at over RM4 million. Our pricing is pretty attractive even after taking into account the title issue.”
On the design, he says the flooring for the bedrooms is Boticino marble imported from Turkey, alternating with solid timber strips from Kalimantan. The lines are clean with plenty of natural lighting.
On security, Ong says the bungalows will be equipped with a smart alarm system — four CCTVs and eight outdoor motion sensors in each home.

What’s next?
What does Symbol Vintage go on from here? Ong says they are talking to several landowners in Kuala Lumpur and Selangor about building semidees and terraced houses.
Fast cars, it appears, is far from Ong’s mind these days.

rizalhakim

November 5th, 2008, 03:53 AM

‘Jewel’ of Kajang’s Prima Saujana
By Julie Chong
Email us your feedback at fd@bizedge.com

Prima Saujana, a 202-acre mixed residential project in Kajang, Selangor, will see the final phase of its development with the launch of a residential enclave called Saujana Villa.
Developed by Primaparamount Sdn Bhd, Prima Saujana is located along the new Kajang bypass. When fully completed, Prima Saujana will comprise over 2,700 units of residential and commercial units with a gross development value (GDV) of RM500 million. More than 10,000 people already reside there.
Primaparamount was founded by three partners — Ooi Chee Hong, 52, Wong Sze Meng, 49, and Lee Kim Seng, 58 — who started out as colleagues in the 1980s. In 2001, they acquired the land in Kajang and embarked on their maiden project.
Says Ooi: “We are at the tail end of this project, with Saujana Villa being the ‘jewel in the crown’ so to speak. Our perception of the kind of products Kajang can accept has grown with the scheme. I think people appreciate it when a developer is able to provide not just a house, but an environment which enables families to grow."
Ooi, a civil engineer, is a director of Primaparamount and has over two decades of experience in property development. He worked with the Public Works Department until 1983, when he joined Pembangunan Brisdale Sdn Bhd as general manager and director. From 1994 to 1997, he was general manager and director of Larut Consolidated Bhd before he decided to venture into property development. He later partnered Wong and Lee to develop Prima Saujana.
Saujana Villa, the final residential enclave in Prima Saujana, sits on a 33-acre freehold hillock beside the Cheras-Kajang bypass. It will comprise 200 bungalows and semi-detached units of contemporary design on elevated land.
Access to Saujana Villa is via the Cheras-Kajang Highway, the SILK Highway and the Seremban-Kajang Highway.
Amenities in the area include a supermarket, a bank, restaurants, shops, farmers’ market and night markets, while the famous Kajang satay outlets are about 2km away. The project is approximately a half-hour's drive to KL City via Cheras-Kajang Highway (Grand Saga toll) with exits to Balakong/Sungai Besi and the East-West Link.
According to Ooi, two colleges are scheduled to open in the area in January 2009.
Saujana Villa will offer three types of semidees, namely, Karisma, Inspira and Aura.
Karisma, a 2½ storey semidee, has a lot size of 40’ x 80’ and a built-up area of 3,514 sq ft. It comes with 4 bedrooms, 5 bathrooms and a car porch with vestibule. Karisma was launched in July this year, at RM748,000 onwards. To date, 85% of the units have been sold, and buyers include professionals who mainly hail from Cheras, according to the developer.
Inspira, also 2½ storey semidee with a similar lot size, boasts the largest built-up among the three designs — from 3,893 sq ft. It also offers 4 bedrooms and 6 bathrooms and comes with a lower ground private studio. Prices start from RM798,000 onwards.
Aura, a 2-storey semidee with a lot size of 40’ x 80’ and a built-up of 2,957 sq ft, features 4 bedrooms, 5 bathrooms and a double height dining area. Oversized glass panels give it sense of spaciousness and help create a seamless extension of the living, dining and family areas to the outdoors. Prices start from RM658,000.
Aura was also launched in July this year, while Inspira will be officially launched in late November. Aura and Karisma are scheduled for completion by March 2010.
In additon, there will be 67 bungalows with built-ups from 4,500 sq ft and land sizes from 6,000 sq ft. Priced from RM1 million, these are scheduled for launch next Feburary.
Says Ooi: “I think that as a developer, it’s very important to have the right plan. When we started, we thought property prices would not go beyond RM250, 000. But in our last parcel which we launched in mid-2007, we have terraced homes priced at RM350,000 and above and yet they are more popular than the cheaper range. Only about 3% to 4% were not sold and the handing over of the units will be at the end of this year.
“Our properties have set new benchmarks in Kajang. Semidees in Kajang used to be about RM300,000 but our first phase of semidees were about RM400,000. Now, we are selling at RM700,000,” he adds.

rizalhakim

November 5th, 2008, 06:40 AM

2 new luxury cool projects in KK

Llen Tuaran
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http://www.llentuaran.com/

The Manikar signal hill
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http://www.themanikar.com/

rizalhakim

November 6th, 2008, 03:02 AM

YTL Land offers homes with private pool

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PETALING JAYA: YTL Land & Development Bhd is offering semi-detached houses with their own private pool in its Lake Edge upmarket residential development in Puchong.

Called the Waterville, the 50 units of homes are priced from RM1.59mil each. The design includes a lawn on the top floor and a long timber deck at the pool.

YTL Land general manager Edward T. G. Lee said many people had registered their interest in the Waterville homes (currently in an advanced stage of construction) that would feature 3,800 sq ft built-up area with four bedrooms and a maid’s room. The standard lot size is 40ft x 85ft.

Each bedroom comes with an en suite bathroom and the choice to shower in the outdoors. The master bedroom is located on the top floor while three bedrooms are on the first floor. The dry kitchen is in front while the living room is set at the rear of the house for privacy.

“There are many Puchong residents who are looking to upgrade. They like staying in Puchong because of the many amenities and it is very difficult for them to uproot,” Lee said on a media tour of the gated and guarded community yesterday.

The newly completed Parkville Homes with its meandering artificial stream in Lake Edge, Puchong.

He was confident the Waterville would be well received despite the current property market slowdown as there were few quality semi-detached houses in Puchong and that Lake Edge offered so much in terms of lifestyle living.

Lake Edge features a collection of courtyard, terrace, semi-detached homes and bungalows.

rizalhakim

November 6th, 2008, 07:20 AM

NUSA TROPIKA @ Ampang Ukay
Signature Homes At One With Nature

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Nusa Tropika homes are set against a backdrop of unparalleled greenery and nestled within an established residential suburb fast transforming into an upmarket address, yet only a mere 12 kms away from Kuala Lumpur city centre. It is the ideal retreat for the few discerning families who cherish the secured environs of a tight-knit community yet are close-by major highways (MRR2, AKLEH & DUKE) and ready facilities and amenities.

Each of the exclusive 32 semi-detached homes and one limited edition bungalow are designed to maximise the interaction between practical living spaces and the natural elements. Essentially, it has provided an opportunity for the design and architecture to open up to the light and air - and for the interior to connect with the exterior surroundings. These design features are carried through with the use of high ceilings and full height sliding doors to allow for natural ventilation, the expansion of the living area to the outdoor terrace making the walls in-between as new boundaries for the room and the ample space for lush garden balconies to enhance the indoor/outdoor experience.

Be it the tropical-inspired 5+1 or the 6+1 semi-detached homes, or the sole resort-styled 5+1 bedroom bungalow unit, each Nusa Tropika home enjoys the following standard signature features:

FREEHOLD
Generous built-up from 5,060 sq. ft.
Secured environment with central perimeter fencing and single controlled access point.
Green Street Concept making way for an uncluttered neighbourhood.
Airy and light eco-friendly homes for plenty of natural lighting and ventilation.
Indoor living areas infused with the outdoors.
Ample space to design lush balconies.
Column-free car porch.
Quality finishing.

Developer:
Gemar Jaya Development Sdn. Bhd.

Feel free to visit our Sales Office at:

Lot 10-AAB, Menara A
Pandan Kapital, Persiaran MPAJ
Jalan Pandan Utama, Pandan Indah, 55100 KL
Tel: 03-4280 9162

Opening hours: 9.30 a.m. to 5.00 p.m (Mon-Fri)
9.30 a.m. to 12.30 p.m. (Sat)

For more information, please contact:

HBM Project Marketing office
Mr. Andy Ho : 603-2693 8380/81
: 012-676 6190

rizalhakim

November 6th, 2008, 07:21 AM

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Type B1

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Type SD1

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Type SD2

rizalhakim

November 6th, 2008, 07:22 AM

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rizalhakim

November 6th, 2008, 07:23 AM

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rizalhakim

November 6th, 2008, 07:24 AM

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rizalhakim

November 10th, 2008, 07:24 AM

I&P: Four new projects on despite global crisis

PROPERTY developer Island & Peninsular Sdn Bhd (I&P) is going ahead with the launch of four new projects in the remaining months of this year, undeterred by the global economic slowdown.

Group managing director Datuk Jamaludin Osman said the first project calls for the launch of four additional phases of properties at its flagship Bandar Kinrara township this month in Puchong, Selangor.

The other three projects will involve launches of properties in new townships such as Alam Sari in Bangi; Alam Impian in Shah Alam; and Kota Bayuemas in Klang.

"It is business as usual for I&P, despite the slowdown. We are going ahead with our planned property launches from now until next year," he told Business Times in an interview.

Properties to be launched at the various developments will comprise two-storey terrace houses, semi-detached houses, bungalows and shoplots.

For example, the developer plans to launch two-storey terrace houses and shop units at Kota Bayuemas, as well as 110 units of two-storey terrace houses in Bandar Kinrara, priced from RM475,0000 per unit.

"All these launches are in preparation for next year's revenue," said Jamaludin.

Jamaludin said I&P also plans to push projects currently under construction at Bandar Kinrara and Alam Impian in Shah Alam.

Meanwhile, Jamaludin said the company has seen a softening of the market for its properties.

"It now takes six months to sell a certain property compared with previous years when once we launch, the units are immediately snapped up. But that's okay, we still manage to sell," he said.

"We remain positive on the local property market and will tread carefully," he added.

Jamaludin said I&P is still doing fine and has collected a revenue of RM517 million for the first nine months ended September.

The group turned in a revenue of RM800 million in the financial year ended January 2007.

Jamaludin, however, said the company will proceed to launch projects in 2009 only after carefully reviewing prevailing economic and market conditions.

"We will only launch in tandem with good economic and market conditions, we need to be cautious and prudent," said Jamaludin who declined to reveal the number of property launches the company has in store for next year because he wants to first observe the market conditions.

He said I&P has to remain competitive by coming out with strategies in tandem with the market situation.

"When the market is bad and you launch 1,000 units, you are certainly looking for trouble," said Jamaludin.

He said the market will be good with the support of banks to give out loans to housebuyers because houses are seldom bought cash.

"I&P takes pride that its houses are reasonably priced and remain competitive among its peers despite the rising cost of construction materials.

With a total landbank of 5,263ha nationwide, I&P also owns and develops Alam Damai in Cheras, Seri Beringin in Bukit Damansara, Alam Sutera in Bukit Jalil, Kota Seriemas in Nilai, Negri Sembilan, Taman Setiawangsa in Kuala Lumpur, Impian Morib hotel in Morib, Taman Inderawasih and Desa Mutiara in Penang and others.

I&P is a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB) and was delisted from Bursa Malaysia in July last year.

Analysts believe that the company was privatised because PNB felt that its shares were undervalued.

rizalhakim

November 10th, 2008, 07:41 AM

Residents to expose developer on the Net
Dawn Chan

http://www.nst.com.my/Streets/Monday/Stories/2397302/insidepix1
Residents say the neighbourhood is not properly maintained despite the high fees imposed.

SUNGAI BULOH: Pictures of houses in deplorable conditions in Sungai Buloh Country Resort will be posted on the Internet to warn potential housebuyers about the problems faced by the residents there.

The move is part of Sungai Buloh Country Resort Homeowners' Association's efforts to make the developer, Glomac Berhad, take their problems seriously.

Association president Datuk Yusof Abdullah said the developer had recently cancelled a meeting to solve the long-standing problems of Jalan Seroja 1/1.

"Enough is enough. We will be putting up pictures of the deplorable conditions of the country resort on our website and we will alert the public via advertisements to protest against Glomac's indifference to the appalling situation here," he said.

That decision, said Yusof, was made after considering the fact that residents and lot owners will continue to suffer if the problems are not addressed.

"Glomac sold the country resort as a gated-and-guarded community but that was never approved by the Kuala Selangor Municipal Council," he said.

The controversy started when 20 house owners claimed that Jalan Seroja 1/1 was for their exclusive use.

They claimed that it was stated in the agreement with Glomac Berhad that it was a gated community and they were paying monthly fees to the developer to maintain the road under the Deed of Mutual Convenants.

In May last year, the council declared Jalan Seroja 1/1 as a public road.

Yusof also claimed the neighbourhood was not properly maintained despite the residents paying high maintenance fees.

"We have guards at the entrance leading inside but there are none posted at the exit. So what's the point of having security guards?" he asked.

rizalhakim

November 10th, 2008, 09:01 AM

BSSB lancar projek kediaman RM58j di Kajang

KUALA LUMPUR 7 Nov. - Bandar Subang Sdn. Bhd. (BSSB) akan melancarkan projek kediaman baru di Bandar Saujana Impian, Kajang seluas 42 hektar bernilai RM58.2 juta pada bulan ini.

Pembangunan itu melibatkan 34 buah kediaman kembar dua atau semi-D (Amethyst) dan 124 buah kediaman berangkai (Pearl).

Setiap unit kediaman Amethyst dijual dari RM498,000 ke atas manakala Pearl pula bermula dari RM308,000 dan ke atas.

Pembeli-pembeli bumiputera pula berpeluang menikmati diskaun pembelian sebanyak tujuh peratus.

BBSB dalam kenyataannya di sini berkata, kedua-dua pembangunan yang dijangka siap pada 2010 akan dilengkapi rekaan kreatif yang menepati cita rasa keluarga dan rakyat Malaysia.

Katanya, Amethyst menawarkan keluasan kawasan 237.45 meter persegi manakala Pearl pula menawarkan keluasan 192.8 meter persegi .

Salah satu ciri-ciri menarik pembangunan itu adalah lokasinya di tempat yang membolehkan pemiliknya menikmati suasana pemandangan yang indah.

Kedua-dua jenis kediaman berkenaan memaparkan ciri-ciri mewah, indah dan menepati imaginasi pembeli.

''Ia direka dengan baik dengan ruang yang luas dan kukuh dan diperkayakan dengan pelbagai kualiti dan kemasan yang menarik,'' kata BSSB.

Ditanya tentang sambutan projek itu, syarikat itu menambah, kedua-dua pembangunan mencatatkan jualan menggalakkan dengan sebanyak 70 peratus berjaya dijual dan 30 peratus ditempah seminggu sebelum pelancaran awal dilakukan.

Sementara itu, BSSB berkata, pihaknya telah meningkatkan pembangunan bank tanahnya di Kajang melalui pembangunan kediaman seluas 24 hektar di Saujana Impian.

BSSB merupakan sebuah anak syarikat penuh Farlim Group (Malaysia) Bhd. (Farlim) yang merupakan sebuah syarikat disenaraikan di papan utama Bursa Malaysia.

Bandar Saujana Impian, Kajang dilengkapi pelbagai kemudahan asas seperti sekolah, jalan raya, stesen minyak, bank, klinik, restoran, pasar raya besar dan tempat permainan kanak-kanak.

rizalhakim

November 13th, 2008, 03:57 AM

WCT coping well with lower costs
By LAW KAI CHOW

PETALING JAYA: Lower operating and interest costs are helping WCT Bhd cope well with the slowing property market.

An analyst said most of WCT’s development land bank was fully paid for and hence the company was not incurring high interest payment compared with developers that had borrowed to procure land.

“WCT has the luxury of deferring property launches and waiting for the right time as it does not borrow heavily for its land bank.

“In addition, it uses an in-house contractor for its high rise and bigger-scale developments to gain better control of the construction costs and planning,” he said.

“However, for landed housing development such as Bukit Tinggi, WCT did sub-contract to others,” he told StarBiz yesterday.

WCT’s township development Bukit Tinggi 1 and 2 in Klang have a total 100 acres undeveloped land earmarked for commercial development, while Bukit Tinggi 3 or Parkland has 300 acres for future residential and commercial projects. These areas are fully paid for.

For its high-end homes, d’Banyan Residency in Kota Kinabalu, Sabah, which was partially financed, the land cost can be covered by unit sales this year. Priced at RM300 per sq ft, the project has a gross development value (GDV) of RM264mil and so far, homes worth RM60mil have been sold.

As at June 30, WCT had unbilled sales of RM174mil to be realised over the next 16 months. Currently, WCT’s property division contributes about 10% and 25% to group revenue and net profit respectively.

Meanwhile, WCT unit Jelas Puri Sdn Bhd is developing the RM1.4bil Paradigm, a high-end mixed development project on 12.5 acres in Petaling Jaya, for which it partially financed the land cost of RM85mil.

The construction of the basement car park has started and its shopping mall is targeted to be operational at the end of 2010.

Construction at another WCT flagship mixed development, Platinum Plaza in Ho Chi Minh City, Vietnam, will begin for the shopping mall by end of 2009, while the launch of the office component was expected by 2010.

When completed, it will be the second biggest shopping mall in Vietnam. Spanning 9ha, Platinum Plaza will will also comprise a business class hotel. However, the GDV of the project is still under planning.

rizalhakim

November 13th, 2008, 05:05 AM

RM306m housing project launch in JB next year

JOHOR BARU: The state, in collaboration with bumiputra developer Mudra Tropika, will launch the RM306mil Nong Chik Heights housing project early next year.

Mudra Tropika said in a statement that it was the first developer to construct houses with the honeycomb concept in Malaysia.

The houses are expected to be built on 17.8ha in Jalan Kolam Ayer, in one of the oldest Malay reserve areas in Johor Baru district.

The honeycomb is a unique design with areas surrounded by lush greenery. It provides maximum security as it uses the clustered-village concept which enables residents to foster neighbourliness, akin to a village in a city.

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New concept: A couple checking out a model house at the Nong Chik project in Johor Baru recently.

Phase one of the project consisting 164 units will be ready by the end of 2011 at a starting price of RM295,000 a unit depending on land size and location.

Mudra Tropika is also involved in a housing project for government servants consisting of 62 units of double-storey terrace houses close to completion.

The company will soon launch its next project involving two-storey and three-storey offices and shoplots, bungalows and double-storey semi-detached houses.

Apart from the construction, Muda Tropika will evaluate requests by residents to widen Jalan Kolam Ayer.

Mudra Tropika executive chairman Datuk Mohd Rashidi Mohd Nor said there had been a good response to the Nong Chik project.

“There is high demand for the houses because of the strategic location, unique design and readily-available amenities,” he said.

rizalhakim

November 14th, 2008, 03:06 AM

YTL Land plans another project near Lake Edge
By Sharen KaurPublished: 2008/11/14

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YTL Land & Development Bhd (2577), the property arm of YTL Corp Bhd, plans to develop another 8ha of land next to its Lake Edge gated community in Puchong, Selangor.

The plan is to build 45 units of high-end terrace homes with a gross development value of RM50 million, senior manager for sales and marketing Judy C.L. Loo said.

Loo told Business Times during a site visit yesterday that the design and layout plan is on the drawing board and it will be ready to launch in a year or two.

"YTL is confident of the take-up rate, looking at sales achieved from our earlier units and positive response from our ongoing registration exercise," Loo said.
The existing Lake Edge features courtyard, terrace, semi-detached homes and bungalows totalling 375 units, worth some RM450 million.

Launched in phases since 2004, YTL has sold and handed over 309 units of the courtyard homes and terraces to buyers, majority of whom were from Puchong.

Loo said construction and sales of products in Lake Edge were not affected by recent developments in the market.

"Our products have been selling well with positive feedback from buyers. We are also getting new registrations from potential buyers," she said.

Still under development are 50 units of two-and-a-half storey semi-detached homes with private lap pools known as Waterville, each worth over RM1.6 million.

This month, YTL will launch Waterville, which is due for completion by December next year, and also Parkville.

Parkville comprises eight units of double-storey semi-detached homes, worth over RM1.8 million each, and eight units of bungalows valued at more than RM2.1 million per unit, which have been built under a build-and-sell concept.

"YTL is optimistic the Waterville and Parkville units will be snapped up by June next year despite a downturn in the global financial markets. It has secured pre-sales from the two," Loo said.

Lake Edge won top honours at the 16th FIABCI-Malaysia Property Awards ceremony recently in the residential award category for Best Low-Rise.

rizalhakim

November 14th, 2008, 03:07 AM

Sime Darby Property sweetens home campaign
By Hamisah HamidPublished: 2008/11/14

SIME Darby Property Bhd expects its second property campaign to record RM200 million sales during the month-long event.

It is targeting a lower sales figure than its first campaign in June, which generated RM248 million sales, amid the current uncertain market conditions.

The "Parade of Homes" will run from today until December 15. Properties for sale will be featured at Sime Darby sales galleries and show units at all its 10 townships.

Sime Darby Property managing director Datuk Tunku Putra Badlishah Tunku Annuar said the RM200 million figure was a conservative target.

"We have RM500 million worth of properties on sale, which are in different stages of construction. Some have just been launched.

"For residential properties, prices range from RM160,000 to RM2 million," Tunku Badlishah told a news conference after the launch of the campaign in Kuala Lumpur yesterday.

Also present were Sime Darby property development head Tengku Ab Aziz Tengku Mahmud and RHB Bank Bhd retail head Renzo Viegas.

The properties range from affordable to high-end homes and landed to high-rise in townships like Subang Jaya, Bukit Jelutong, USJ Heights, Bandar Bukit Raja, Ara Damansara, Denai Alam, Melawati, Nilai Impian, Planters' Haven and Putra Heights.

Tunku Badlishah said that Sime Darby Property's "Guaranteed Buy Back" (GBB) scheme coupled with RHB Bank's financing packages would make it attractive to buy properties during the campaign.

"Under the GBB scheme, Sime Darby Property will buy back the property purchased during the campaign period if the purchaser decides not to proceed with the purchase," he said.

Meanwhile, Viegas said that RHB Bank's innovative financing will give customers more flexibility and allow them to better manage their cash flow.

The advantages include not having to pay interest during the construction period, up to 90 per cent financing and paydown payment through existing property financing.

rizalhakim

November 14th, 2008, 03:13 AM

Sime Darby Property doubles sales target

But it remains cautious on outlook

KUALA LUMPUR: Sime Darby Property Bhd is doubling its sales target to RM200mil for the second instalment of its Parade of Homes fair, but is cautious about the property outlook going forward.

Managing director Tunku Datuk Putra Badlishah said new launches and sales targets for its current financial year ending June 30 (FY09) would be reviewed constantly due to the current downbeat economic situation.

He said the company’s sales target for FY09 was a “moving target” and that given the current situation, the company was cautious about new launches.

From left: Tunku Datuk Putra Badlishah and RHB Bank retail head Renzo Viegas launching the second instalment of the Parade of Homes.

“We’ll be focusing on what we have right now and if there are any new launches, there will be a lot of pre-sales done before we make a commitment to launch,” Tunku Putra said.

The sales target for the second instalment of Parade of Homes had been doubled to RM200mil due to the longer sale period, he added.

The total value of properties for the current sale is RM500mil.

The first instalment of the Parade of Homes in June generated over RM248mil in sales. The company had a sales target of RM100mil then.

“We were pleasantly surprised by the take-up rates in June when the market was quite weak,” Tunku Putra said.

The current instalment of the Parade of Homes is being held from today until Dec 15.

In conjunction with the sales launch, Sime Darby Property is working with RHB Bank to offer financing under the “RHB Unique Financial Solutions” packages as well as a guaranteed buy-back scheme for purchases during the sales period.

rizalhakim

November 14th, 2008, 03:15 AM

Developers’ good track record can help boost sales

PUCHONG: A developer’s track record is what buyers look at during challenging economic times, says YTL Land & Development Bhd sales and marketing senior manager Judy Loo.

Speaking during a media tour of its leasehold Waterville Homes, Loo said buyers were not put off by the fact that a particular project was not freehold.

“I don’t think it is a hindrance. Buyers today are more influenced by the track record of a developer, especially in the current challenging times,” she said.

She added that the homes, which are part of YTL Land’s high-end, 80-acre Lake Edge project in Puchong, had received strong interest mainly from Puchong residents.

“Most of the potential purchasers are from the Puchong area who are looking to upgrade. We have also received interest from existing Lake Edge residents,” Loo said.

She added that the Waterville Homes, now about 65% completed, comprised 50 units of 2½-storey semi-detached houses with a private lap pool each. The standard lot size is 40ft x 85ft.

Built on 4.4 acres of leasehold land, the homes are expected to be completed by end-2009. Priced at RM1.6mil per unit, this phase would have a gross development value of RM80mil, Loo said.

Lake Edge comprises multi-themed fenceless homes set in a modern tropical neighbourhood. A 12-acre lake is also part of the development.

The project received the award for best low-rise residential development at the FIABCI Malaysia Property Award 2008 held in Petaling Jaya on Tuesday.

rizalhakim

November 14th, 2008, 03:24 AM

‘Raise low-cost house prices’
By NURBAITI HAMDAN

PETALING JAYA: The price of low-cost houses should be increased to RM75,000 in urban areas such as the Klang Valley, Johor and Penang and to RM60,000 in other areas.

Real Estate and Housing Developers Association (Rehda) president Datuk Ng Seing Liong said a letter was sent to the Housing and Local Government Ministry a few months ago requesting the current RM42,00 ceiling be raised.

“Previously, developers covered their losses from building low-cost houses with sales from high-cost homes,” he told a press conference after the opening of the National Property and Housing Summit 2008 by minister Datuk Seri Ong Ka Chuan yesterday.

“We have reached a situation where the high cost of land and building materials have made it impossible for developers to make money, even with sales from high-cost houses.

“Ideally, the Government should take over the construction of low-and medium-cost houses and leave private developers to build high-cost houses for sale on the open market.

“However, if the Government cannot take over completely, an increase in the selling price should be considered.”

Ng said low-cost houses were for the rakyat, therefore the Government should help ease the burden of developers.

rizalhakim

November 17th, 2008, 05:55 AM

YTL sets example for developers

It shows that it pays to be creative

YTL Land and Development Bhd (YTL Land)’s sweep of both the low and high-rise Residential Development Awards in this year’s International Real Estate Federation (FIABCI) Malaysia Property Award is significant in several ways.

Its winning entries are the low-rise Lake Edge in Puchong, Petaling Jaya and the high-rise, The Maple at Sentul West in Kuala Lumpur.

This is the first time that the same developer has won both the coveted awards since the Residential Development Award was divided into low and high-rise categories in 2006.

Second, this is the third time in three years that YTL Land has won the Residential Development Award. Its Andalucia at Pantai Hillpark, a Spanish-style gated development in Kuala Lumpur won under the high-rise category in 2006.

No other developer has achieved this before. Thus YTL Land has solidly stamped its mark as an innovative developer of high-end, lifestyle residential developments.

Third, YTL Land’s wins will encourage developers to be more daring, creative and innovative in their approach particularly in housing design and concept. This is pertinent as house buyers are very discerning and constantly demanding better products.

The latest achievements bring the total awards that the YTL Group had won in the FIABCI Malaysia Property Award to six. The other four being the Special Award for National Contribution (for Kuala Lumpur Performing Arts Centre or KLPac won in 2007), Master Plan cateogry (Sentul West and Sentul East Master Plan in 2007), Residential Development for high-rise category (Andalucia at Pantai Hillpark in 2006) and Property Man of the Year 2003 won by YTL Group executive chairman Tan Sri Yeoh Tiong Lay.

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The Waterville Home at Lake Edge

(Incidentally the Hap Seng Group also won two awards this year. They are for its Hap Seng Star Mercedes-Benz Autohaus, Kuala Lumpur under the Specialised Project Award and its Hap Seng Mercedes-Benz Autohaus Service Centre in Kinrara, Selangor under the Industrial Development Category).

YTL Corp Bhd deputy managing director Datuk Yeoh Seok Kian, who received the two trophies from the Yang di-Pertuan Agong on Wednesday at the FIABCI awards ceremony, said he was “overwhelmed and honoured” to receive the awards.

Both winning developments share a common goal envisioned by YTL Group managing director Tan Sri Francis Yeoh, which is “to focus on developing luxury homes, hotels, marinas, and other real estate, architecturally designed and crafted to a world-class standard of excellence and that blends ecologically with their natural surroundings to preserve the environmental value of the areas.”

YTL Land has engineered urban renewal and enhanced the value of an established neighbourhood that improves people’s quality of life. Like other industry leaders, it shares a common trait: ability to innovate, creating demand, and taking challenges as an opportunity to do better.

So what is so innovative and special about Lake Edge and The Maple?

YTL Land created a niche in a competitive market in Puchong. Instead of building a traditional township, it developed Lake Edge as Puchong’s first gated community featuring lakeside living and fenceless homes where 45% of the land has lovely landscaped features. It boosted Puchong’s image.

Many of its 420 upmarket homes overlook a 12-acre disused mining lake. Density is only 5.5 units per acre or 28 people living on each acre as compared to industry standard of 8 units per acre.

The homes are larger than the usual modern tropical courtyard houses and have unique features. For example the 37 units of 100-ft long Pavilion Terraces each has a reflective pond separating the pavilion from the main section of the house.

The Garden Terraces with extra 20ft length has an outdoor jacuzzi overlooking a 20ft private garden where one can enjoy a private space in one’s own garden. The latest design, 50 Waterville terraced homes has a private pool each.

As for The Maple at Sentul West, (the only residential development in Kuala Lumpur with a 35-acre private park), YTL Land again stressed on having lots of green spaces with 60% of The Maple’s site dedicated to landscaping.

It is a delight strolling in the park that was converted from the former 9-hole Sentul Golf Course.

rizalhakim

November 19th, 2008, 05:08 AM

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Anggun, Damansara Heights

Homes of Exclusivity, Individuality and Exquisite Beauty

Built for aesthetics, functionality and peace of mind, Anggun in Damansara Heights offers its exclusive, exquisite tropical homes to a privileged few.

Nestled within the exclusive enclave of Damansara Heights lies Anggun, a boutique development of six individually designed high-end tropical resort bungalows. With a name that reflects its exotic beauty, this RM40 million development spans 46,000 sq ft along Jalan Dungun, in one of the Klang Valley’s most prestigious neighbourhoods, offering a central location with secluded, protected surroundings available only to the privileged few.

With six individual designs geared to delight the discerning home-owner with exquisite taste, these freehold homes offer built-up areas ranging from approximately 6,000 sq ft to 9,500 sq ft, over a lot size ranging from approximately 6,000 sq ft to 10,000 sq ft. Priced attractively from RM6.5 million to RM9.5 million, Anggun’s homes are perfect for homeowners seeking long-term residency, security, comfort, privacy and individuality. Its triple-storey design also assures plenty of space to live and grow – a boon for those seeking to raise families. Completion is scheduled for February 2009.

Classic and Contemporary

Anggun’s homes were designed and built with considerable attention paid to details and overall quality and finishing. With architecture influenced by both classic and contemporary Southeast Asian residencies, each house exudes its own personal character. Designed with high-pitched roofs, wide overhangs and generous private courtyards, the houses create a harmonious cohesion between the indoor and the outdoor. The vastly high ceilings encourage cool ventilation, while the floor-to-ceiling windows enable occupants in every room to be bathed in natural light and unique breathtaking views.

The lavish tropical layout was designed by a prominent landscape architect in Malaysia. Geared to provide a refreshing air, the lush and innovative landscaping also provides relief from direct contact with surrounding units, granting privacy from other residents as well as from the surrounding neighbourhood.

Functionality and Peace of Mind

Featuring more than just superb detailing and workmanship, however, the design, layout and amenities are geared to be functional, yet pleasing and fluid. Designed to allow maximum utility for all manner of culinary tastes, the homes come with built-in designer kitchens for dry and wet cooking. Both wet and dry kitchens are further equipped with top-range electrical appliances.

In addition, Anggun homes feature laminated glass on all grid levels and a centralised vacuum system. Electric and solar panels enable comprehensive water heating, while the energy-saving air-conditioning system helps create a cool and refreshing ambience, in an efficient, eco-friendly manner. All homes come with lifts, as well as internal and external security features equipped with CCTV, motion detectors and infrared sensors. In addition, four of the homes also come with lap pools.

Creating Conceptually Exclusive Homes

The developer of Anggun, L & H Property Development Sdn Bhd, was established by Mr Wong Chee Kooi in September 1997 as a company with a vision of building upmarket homes complete with conceptually exclusive designs and environmentally attractive surroundings. A former founder of SP Setia Bhd and with over 35 years of experience in property development, Mr Wong is now partnered by his son, Mr William Wong, as the Executive Director of L & H Property Development and a rising force in the industry. Other projects by L & H include 70 units of 3-storey garden terraced housing and 104 units condovillas at Sierramas Hills (completed in 2005) and the commercial development Jaya One.

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Cosy, Convenient and Sought-after Location

Cradled by the lush and undulating landscape of Damansara Heights, Anggun is just a short drive to the Kuala Lumpur city centre and within reach of virtually all major destinations within the Klang Valley. Located within a five-minute radius of this prestigious address are shopping centres, food and beverage outlets, health and wellness centres, banks, schools and colleges, selected government offices and a police station. Anggun is also less than 10 minutes to the nearest hospital, as well as 15 minutes to hubs such as KL Sentral and KLCC.

Anggun’s exquisite freehold homes are still available at their attractive prices, but not for long – some of the homes have already been sold, leaving a precious few to be claimed by discerning buyers. For enquiries and viewing, please contact the appointed Sole Marketing Agents C H Williams Talhar & Wong at 03-26938888 or visit www.wtw.com.my.

rizalhakim

November 19th, 2008, 05:09 AM

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PT19 Residency @ Bandar Bukit Puchong 1

Garden Villas for a Contemporary Lifestyle

A spacious, elegant setting, great connectivity and peace of mind make PT19 Residency the ideal contemporary home for mid- to high-end home-owners.

Enjoy a lavish standard of living with PT19 Residency, a development of attractive and spacious 3-Level Garden Villas in a 2.062-acre enclave in Bandar Bukit Puchong 1. Tagged at RM22 million, this leasehold development offers the best in gated, low-density living, with only 24 units.

PT19 Residency offers the best in modern and contemporary living, from the uniquely attractive façades to the interior of its villas. The villas come in two stylish designs, Type A, offering a built-up area of 3,693 sq ft and Type B, offering a built-up area of 3,752 sq ft over a lot size of 50ft x 45ft. Launched in March this year, they are scheduled for completion at the end of 2009. Pricing is set at RM850,500 onwards, with a 7% discount for Bumiputeras.

Perfect for the Modern Lifestyle

Developed by Trinity Towers Sdn Bhd, each home in this gated community gets four access cards allowing entry into the development, while the perimeter is monitored by CCTV surveillance. Those who value aesthetics will appreciate the ambience of contemporary elegance and luxury evoked by these garden villas, from the sliding door gate that immediately makes a fashionable entrance statement, to the magnificent 8ft entrance door. Spaciousness exudes from the high ceiling height (11ft to over 12ft) in the dining and living areas. All bedrooms come with attached bathrooms, while the two spacious master bedrooms also come with private en-suite bathrooms. PT19 Residency was also built on solid land unlike many of its contemporaries in Puchong, with all villas featuring three-phase wiring.

Equipped for an Ideal Lifestyle

Scholars and their parents will find this an ideal location for education, with national, Chinese and international schools galore. Nearby universities include University Putra Malaysia, Monash University, LimKokWing University of Creative Technology, Multimedia University, International Medical University and Binary College.

Shopping, leisure and more are easily available, with three Giant hypermarkets in Sunway Pyramid, Puchong and Bandar Kinrara, two Jaya Juscos in IOI Mall and Equine Park and a Tesco in Puchong. Other facilities include the Bandar Puteri wet market, Selangor wholesale market, Columbia Asia Medical Center, Puchong Police Station.

Meanwhile, golfing and leisure are available at the nearby Kinrara Golf Club, Mines Golf & Country Resort, Palm Garden Golf Club, Bukit Jalil Golf & Country Resort, UPM Golf Club, Bukit Jalil National Sports Complex and Mines Convention Centre.

Supremely Well Connected

This lavish, laid-back lifestyle is still supremely well-connected, accessible via seven routes including the Sungai Besi Highway, KL-Seremban Highway, Damansara-Puchong Highway (LDP), Silk Highway, Bukit Jalil Highway, KESAS Highway and South Klang Valley Expressway, and the KL International Airport only 25 minutes away.

Residents will find themselves in the midst of established and thriving Puchong townships such as Bandar Bukit Puchong I & II, Mutiara Puchong, Puchong Utama, Puchong Perdana, Bandar Puteri Puchong, Bandar Puchong Jaya, Pusat Bandar Puchong and Bandar Kinrara. The development is also well-placed near major hubs such as Subang Jaya, Bandar Sunway, Putrajaya and Cyberjaya, as well as upcoming commercial developments such as the Puchong Gateway (LDP) and the Basco Business Centre, Seri Kembangan

Those interested in the elegant, low-density living afforded by PT19 Residency’s garden villas should call NOW to enjoy its current promotions such as:

Low downpayment
Free Legal Fees & Disbursement Fees on SPA & DMC* (*Panel solicitor only)
Free 7 units of air-conditioners with installation
Discount RM 20,000** (**Terms & Conditions apply)
PT19 Residency is also extending a Special Invitation to interested home buyers to view its show unit in Bandar Bukit Puchong 1. Come see and feel the ambience of contemporary comfort, on 1st and 2nd November 2008 from 10am to 6pm.

For more information, call 603-8060 8003 / 016-965 9088 or visit www.trinitytowers.com.my.

rizalhakim

November 19th, 2008, 05:12 AM

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Developer
I&P Menara Sdn. Bhd. (97237-W)
24-31, Jalan Setiawangsa 8 , Taman Setiawangsa 54200 Kuala Lumpur
Site Phone: 603-8926 7500
Phone: 603-4259 7700 / 7600
Fax: 603--8926 5200
marketing@islpn.com.my
www.islpn.com.my

Alam Sari, Bandar Baru Bangi

Neighbourhood of Academia

The new residential development of Alam Sari in the heart of Bangi is proving to be inspirational to buyers in more ways than one

Live and learn

Located within the heart of Bangi, about 3.5km south of Bandar Baru Bangi, is the ‘Neighbourhood of Academia’ known as Alam Sari.

Developed by I&P Menara Sdn Bhd – a subsidiary of Island & Peninsular (I&P) – this RM1 billion township is designed to inspire living in comfort within a neighbourhood of educational institutions.

Alam Sari’s concept of an academic township is inspired by its location in the vicinity of various higher learning institutions and the research and training centres of Universiti Kebangsaan Malaysia (UKM), German-Malaysian Institute Technology, Nuclear Malaysia (MINT), Malaysian-French Institute, EPF Training Centre (ESSET) and Petronas Management Training Centre.

Sprawled over 432.5 acres of freehold land in the matured residential area of Bangi, Alam Sari is targeted at medium-high to high income earners with several designs such as Ilmia I, Ilmia II and Ilmia III launched beginning this year, as well as the recently launched Ilham I.

The township was officially launched by the Deputy Prime Minister at Equatorial Bangi Hotel in November last year. Ilmia I, which was launched at its sales gallery in Section 8, Bangi in the same month, saw all 60 units sold in one day.

Built-ups for Ilmia II (double storey terraced homes) and Ilmia III (double storey cluster homes) measure from 2,097 sqf and 2,733 sqf respectively while for Ilham I, sizes begin at 2,165 sqf.

Meanwhile, lot sizes for Ilmia I, Ilmia II and Ilham I is 22ft by 75ft. Ilmia III homes, built on lot sizes of 35ft by 83ft, are cluster style homes where every unit is a corner unit.

Starting prices for Ilmia II, Ilmia III and Ilham I begin at RM285,110, RM514,143 and RM374,253 respectively. There are 60, 32 and 79 units of each design available.

The first phase, launched November last year, is expected to be completed in 2009.

Self-contained township

The residential parcel of Alam Sari will, when completed, comprise a mixture of housing such as terraced homes, cluster homes, semi-Ds, bungalows, orchard lots and apartments.

Facilities and amenities within Alam Sari would include schools, kindergarten, community hall, police station, parks and gardens. Schools are within easy walking distance from all homes, while within 100m from all homes you will find parks and gardens.

The township would ultimately comprise 3,435 residential units with an estimated population of 17,000 alongside 127 units of commercial property.

I&P Menara Sdn Bhd is developing Alam Sari to be comfortable and secure. Among the features are controlled entries into each cluster of homes, perimeter plants around the clusters for added security, dedicated walkways that separate pedestrian from vehicular traffic, and devoted pedestrian and cyclist crossings.

Different road hierarchies help control traffic speed and volume, while gentle meandering local streets further reduces traffic speed. Road intersections and junctions are paved to control traffic speed while also doubling up as landscape feature.

The homes are also being built as clusters or short rows to create a sense of belonging and neighbourliness, as well as to encourage a ‘neighbourhood watch’ concept.

Ease of access

Accessible via the Kuala Lumpur-Seremban Highway through the Kajang or Bangi tolls, Alam Sari is 50km south of Kuala Lumpur, 22km east of Putrajaya and 20km south of Kajang.

Located within the self-contained Bandar Baru Bangi, residents will not be far from facilities and amenities such as supermarkets, shopping complexes, banks, a post office, a hotel, government offices, schools, golf courses, medical facilities, a mosque, factories and office buildings.

With these already in place, residents of Alam Sari are assured of everyday convenience.

A track record to reckon with

Alam Sari is I&P’s first Bangi development and as a gift to the buyers, the developer has offered a ‘Future Genius’ Education Fund free with the purchase of a unit from Ilmia I, Ilmia II or Ilmia III.

Some of I&P’s other developments include Bandar Kinrara, Alam Damai in Cheras, Alam Sutera in Bukit Jalil, Alam Impian in Shah Alam, Kota Bayuemas in Klang, Kota Seriemas in Nilai, Seri Beringin in Bukit Damansara.

For more details, kindly call (603) 8926 7500 or visit www.alamsari.com.my.

rizalhakim

November 19th, 2008, 05:14 AM

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Hazel 2 @ Berjaya Park, Shah Alam

Freehold Exclusivity for First-Time Homeowners

Hazel 2 @ Berjaya Park, Shah Alam lives up to the high benchmark of the development’s earlier offerings, delighting first-time homeowners with its attractive features and minimal need for renovation.

Pakar Angsana Sdn Bhd, who made an impact with their fully SOLD OUT properties in the elegant 325-acre township of Berjaya Park, Shah Alam, have done it again. Berjaya Park recorded extremely successful sales and development as an established neighbourhood, due to its strategic location in Shah-Alam’s fast-developing corridor, between Subang, Klang and Puchong.

Now, buyers who missed out on the Hazel homes offered earlier in this beautiful FREEHOLD development get a second chance with the Hazel 2 double-storey terrace homes. Living up to the same high benchmark in quality, concept and design as the development’s earlier offerings, Hazel 2 offers a FINAL chance for buyers to purchase their own landed dream home here, as it will be the final phase of landed property offered in Berjaya Park.

Early Delivery of a Quality Product

With only 87 units over 7.53 acres, Hazel 2 offers freehold exclusivity. The spacious built-up area ranges from 2,320 sq ft to 2,737 sq ft, a generous allocation for a terrace home, over a lot size of 22 ft x 70 ft. The homes offer four bedrooms with attached bathrooms and a spacious car-porch easily accommodating two parallel cars, making them perfect for young executives, first-time homeowners and upgraders.

Hazel 2 homes were designed to minimise the need for major renovation, with a fully tiled car-porch and full-height link wall between the intermediate lots, instead of the usual chain-link fence. The homes also come with underground power cables and covered drainage. With the experienced hand of Pakar Angsana Sdn Bhd (via its subsidiary Berjaya Land Bhd) helming this project, buyers should be assured of good quality finishes.

Construction of the project has already begun, even before the launch. Thus, buyers may enjoy vacant possession of their homes earlier than expected. Young executives, first-time buyers, upgraders, and strategic investors are encouraged to register. Do not miss this final opportunity to own your dream home - Hazel 2.

Diverse Portfolio of Comfortable Homes

The developer Pakar Angsana Sdn Bhd is a subsidiary of Berjaya Land Berhad, incorporated in 1990. With its philosophy of being a "One-Stop Centre with a Key Solution to All Your Housing Needs", the Group has built a diverse portfolio of comfort homes ranging from terrace link houses to high-rise condominiums and premium bungalow lots for all levels of financial and lifestyle needs. Its core activities include property investment and development; and vacation timeshare, hotels, resorts and recreation development. Most recently, it saw the successful completion and occupation of Berjaya Park’s Hazel homes (110 units) in July this year.

Established, Well-Located Neighbourhood

The enthusiastic reception that greeted Berjaya Park’s earlier phases of Aspen, Mulberry, Blueberry, Maple and Hazel homes was due partly to the properties’ outstanding concept, quality and design. Another important factor was its strategic location, smack in the middle of established infrastructures such as educational institutions (everything from kindergartens to schools to colleges), commercial/retail outlets (shops, hypermarkets), restaurants and eateries, as well as important amenities such as clinics and fire/rescue services.

Bearing in mind the importance of security in an ideal community, Pakar Angsana Sdn Bhd as a responsible developer has also set up a police station here for the safety and peace of mind for Berjaya Park residents.

Berjaya Park is readily accessible via multiple links including the KESAS Highway, North-South Central Link, North-Klang Valley Expressway (NKVE) and the Federal Highway. In its immediate vicinity are major centres of activity such as Shah Alam, Subang, Klang and Puchong, while the impressive highway network puts residents merely minutes away from major Klang Valley hubs such as Kuala Lumpur city centre, Petaling Jaya, Putrajaya and Cyberjaya and the Kuala Lumpur International Airport.

Berjaya Park’s many attractive features are still available but buyers should hurry, as there are only 87 beautiful FREEHOLD homes on the table, in this last phase of landed property! For more information, kindly contact 03-2142 8028 or 016-220 6068, or visit www.berjayaproperties.com.

Land Title: Residential
Tenure: Freehold
Land Area: 22' X 70'
Built Up: 2,320 - 2,737 sq.ft.
No. of Bedrooms: 4
No. of Bathrooms: 4
Total Units/Lots: 87
Bumi Discount: 7%
Completion Date: October 2010

Developer
Berjaya Land Berhad (201765-A)
Level 12 (East Wing), Berjaya Times Square, No.1 , Jalan Imbi, 55100 Kuala Lumpur
Phone: +603-2142 8028
Fax: +603-2145 2126 / 2143 2028
property@berjaya.com.my
http://www.berjayaproperties.com

rizalhakim

November 19th, 2008, 07:00 AM

PrimaNora bangun 2 projek hartanah

Oleh CYNTHIA YEOH

KUALA LUMPUR 18 Nov. - TH Properties Sdn. Bhd. (TH Properties) telah mengadakan kerjasama dengan PrimaNora Sdn. Bhd. bagi membangunkan dua projek hartanah di Bandar Enstek, Labu di Negeri Sembilan bernilai RM180 juta.

Ketua Pegawai Eksekutif TH Properties, Zaharuddin Saidon berkata, dua projek tersebut membabitkan pembinaan banglo Resort Living Enstek dan Hospital Wanita dan Kanak-Kanak dengan masing-masing bernilai RM30 juta dan RM150 juta.

Katanya, pembinaan projek Resort Living Enstek seluas 12.14 hektar akan bermula pada Jun 2009 dan dijangka siap sepenuhnya menjelang akhir tahun 2010.

''Projek yang terdiri daripada unit-unit banglo bernilai antara RM500,000 hingga RM1 juta disasarkan kepada warga emas.

''Ia menyediakan kediaman yang mesra, selamat dan dilengkapi dengan kemudahan dan perkhidmatan penjagaan kesihatan moden serta program sosial, pendidikan dan kebudayaan," katanya.

Beliau berkata demikian selepas menandatangani perjanjian dengan PrimaNora yang diwakili oleh Pengasas dan Pengerusi Eksekutifnya, Datuk Dr. Nor Ashikin Mokhtar.

Menurut Zaharuddin, bagi projek Hospital Wanita dan Kanak-Kanak pula, pihaknya telah mengenal pasti beberapa lokasi di ibu kota dan Bandar Enstek.

''Kami masih mengkaji lokasi berkenaan dan kami juga terbuka kepada cadangan mana-mana pihak yang berminat ataupun melihat juga kepada permintaan pengguna," ujarnya.

Tambahnya, tumpuan TH Properties bukan kepada Bandar Enstek sahaja malah turut mengenal pasti beberapa tempat di Pulau Pinang, Ipoh, Perak, Johor dan Langkawi.

''Walaupun projek ini pertama kali diwujudkan di Malaysia, tetapi kami yakin kejayaannya mampu dicapai berdasarkan pelaksanaan yang dilakukan di negara-negara lain seperti Australia," jelasnya.

Beliau juga berkata, terdapat lagi beberapa projek di bawah perjanjian itu yang melibatkan pembinaan Pusat Kesejahteraan Kesihatan, Kemudahan Penjagaan Kesihatan Pakar dan Program Kesihatan Haji Komprehensif.

''Kami akan terus berusaha menyediakan perkhidmatan hartanah menyeluruh bagi memenuhi keperluan pengguna dan meningkatkan kualiti gaya hidup mereka," katanya.

Ditanya sama ada krisis kewangan global menjejaskan kerjasama itu, beliau berkata, ia tidak akan memberi kesan kerana industri kesihatan adalah kalis kegawatan.

''Selain itu, orang ramai perlu bersedia untuk berdepan dengan pelbagai cabaran apabila usia meningkat," ujar beliau.

Sementara itu, Nor Ashikin berkata, projek itu menawarkan beberapa program kepada warga emas supaya mereka berasa masih diperlukan selain menyumbang khidmat kepada masyarakat.

rizalhakim

November 19th, 2008, 08:00 AM

Resort mewah bagi warga emas di Bandar Enstek

ZAHARUDDIN dan Nor Ashikin bertukar MoU antara TH Properties dengan PrimaNora di Kuala Lumpur, semalam.

Fasa pertama projek kediaman baru di Bandar Enstek dengan GDV RM30j

TH Properties Sdn Bhd, anak syarikat milik penuh Lembaga Tabung Haji, akan membangunkan fasa pertama Resort Living@enstek di Bandar Enstek, Nilai dengan nilai pembangunan kasar (GDV) RM30 juta yang disasarkan untuk warga emas.

Kawasan kediaman seluas 12 hektar itu akan dibangunkan menerusi kerjasama PrimaNora Sdn Bhd mulai Jun 2009 bagi menyediakan suasana kehidupan ala-resort mewah dengan perkhidmatan penjagaan kesihatan untuk warga emas.

Ketua Eksekutifnya, Zaharuddin Saidon, berkata TH Properties akan membina kira-kira 60 unit banglo yang dijual pada harga antara RM500,000 hingga RM1 juta di Resort Living@enstek yang dijangka siap sepenuhnya menjelang akhir 2010.

Katanya, dianggarkan kira-kira 9.9 peratus daripada populasi negara akan mencecah 60 tahun ke atas menjelang 2020, justeru Resort Living@enstek dibangunkan bagi memenuhi keperluan golongan itu.

"Sebagai pembekal penyelesaian inovatif, TH Properties berusaha untuk menyediakan perkhidmatan hartanah menyeluruh bagi memenuhi keperluan pelanggan dan menerapkan nilai mampu meningkatkan kualiti hidup mereka," katanya selepas pemeteraian memorandum persefahaman (MoU) antara TH Properties dengan PrimaNora di Kuala Lumpur, semalam.

Zaharuddin mewakili TH Properties, manakala PrimaNora oleh Pengerusi Eksekutifnya, Datuk Dr Nor Ashikin Mokhtar.

Menerusi MoU itu, kedua-dua pihak akan bekerjasama membangunkan dua projek dalam fasa pertama, iaitu Resort Living@enstek serta hospital wanita dan kanak-kanak dengan GDV RM50 juta, yang sedang dalam perancangan untuk dibangunkan di Bandar Enstek atau di Kuala Lumpur.

Hospital memiliki 100 katil itu akan menyediakan perkhidmatan merangkumi kemandulan, Uroginekologi, perubatan kecantikan, pembedahan plastik selain obstetrik dan ginekologi.

Zaharuddin menambah, projek lain akan dilaksanakan menerusi MoU itu termasuk Pusat Kesejahteraan Kesihatan, Kemudahan Penjagaan Kesihatan Pakar dan Program Kesihatan komprehensif yang akan dilaksanakan secara berperingkat.

"Untuk pusat kesejahteraan kesihatan ini, kami masih mengkaji lokasi sesuai dan buat masa ini mungkin memilih Pulau Pinang atau Ipoh.

"Sama ada dibangunkan di kawasan milik TH Properties atau tanah pihak ketiga, ia masih belum dapat dipastikan lagi," katanya.

Ditanya mengenai tinjauan industri hartanah, beliau mengakui ia tidak terkecuali daripada kesan persekitaran global yang tidak menentu.

rizalhakim

November 20th, 2008, 04:49 AM

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rizalhakim

November 20th, 2008, 07:55 AM

C&C real property index: Prices steady despite slowdown
By Julie Chong
Email us your feedback at fd@bizedge.com

Prices of semi-detached houses, particularly in prime locations in the Klang Valley, have remained steady on the secondary market despite the general slowdown in the property market, say real estate agents.
May Tai of Property Inns Realty says the prices have held although demand has been on the slow side over the past two months.
"Demand will still be there depending on the condition and location of the semidee," she adds.
According to Philip Thean of Estatecom Properties, areas such as Bangsar, Taman Tun Dr Ismail (TTDI) and Damansara Heights remain favourites of both buyers and investors.
He says semidees in TTDI will continue to see "very high demand" due to the area's strategic location, amenities and easy accessibility to it via highways. In Damansara Heights, he adds, prices have remained high due to the limited units available there.
"The appreciation per sq ft for semidees is very positive and that fuels demand for them. Some buyers may buy the place, tear it down and rebuild it," he says.
Semidees in TTDI's Jalan Athinahappan are the most sought-after address followed by those in Persiaran Zaaba and Jalan Sulaiman, says another agent. Jalan Athinahappan is the preferred choice as it is much quieter than the other two areas. In the past two years, the value of semidees on Jalan Athinahappan has appreciated from RM1.65 million to RM1.8 million, adds the agent.
According to the agents, there have been fewer purchases by foreigners this year than last year due to the current economic and political uncertainties.
Eugene Liew of Jalin Realty says he had a client from China who was interested in buying a property in Damansara Heights earlier this year but he changed his mind as he felt Malaysia was not as politically stable as before.
"But the quieter market aside, prices of semidees in popular locations have been stable," he adds. "Owners in Damansara Heights, for example, are holding on to their houses, preferring to wait for the market to recover. I have an owner who wants to sell his house for RM3.2 million. A buyer offered RM3 million but the owner refused to let go because he feels the house is worth keeping until the market is more stable."
The trend these days, says Felicia Hew of Tech Realtors, is to go for 2½ to 3-storey semidees as buyers are looking for larger spaces.
According to her, the prices have not dropped in prime areas in Petaling Jaya, including Taman Megah and Damansara Jaya, as demand outstrips supply.
Read on for what semidee owners in the Klang Valley are asking for their properties.

rizalhakim

November 26th, 2008, 04:30 AM

http://www.theserai.com.my/

rizalhakim

November 26th, 2008, 06:39 AM

Strategi PKNS
Oleh Mohd Husni Mohd Noor
mhusni@hmetro.com.my

PERBADANAN Kemajuan Negeri Selangor (PKNS) menjangka dapat menjual kira-kira 30 peratus daripada 687 unit pelbagai hartanahnya yang dibangunkan di tiga bandar baru iaitu Antara Gapi, Kota Puteri dan Bernam Jaya menerusi pelancaran Kempen Cari-Cari Pembeli bermula 1 Disember ini hingga 31 Januari 2009.

Kempen berkenaan akan membabitkan secara langsung kira-kira 5,000 pemilik perumahan yang mendiami tiga bandar baru berkenaan dan mereka akan bertindak sebagai ejen pemasaran bagi mempromosikan baki unit hartanah di bandar itu.

Timbalan Pengurus Besar Pentadbiran dan Pembangunannya, Md Nasir Md Arshad, berkata bagi menggalakkan mereka untuk menyertai kempen itu, pihaknya akan memberi tiga peringkat insentif wang tunai kepada penduduk di kawasan itu bagi setiap hartanah yang berjaya dijual.

Katanya, pihaknya akan memberi insentif sebanyak RM1,000 bagi nilai hartanah RM300,001 dan ke atas, RM700 (RM200,001 hingga RM300,000) dan RM500 bagi (RM99,000 hingga RM200,000).

Beliau berkata, konsep berkenaan boleh dianggap unik kerana ia membabitkan secara langsung pemilik kediaman di bandar itu untuk mempromosikan hartanah yang ditawarkan berdasarkan pengalaman mereka di kawasan itu.

“Ia sekali gus memberi peluang kepada penduduk setempat memasarkan baki unit hartanah yang dibangunkan PKNS memandangkan mereka lebih memahami kawasan persekitaran dan kemudahan yang disediakan di tiga bandar berkenaan.

“Ia juga adalah sebahagian daripada strategi pemasaran kami untuk meningkatkan jualan,” katanya pada taklimat kempen berkenaan di Petaling Jaya, semalam.

Hadir sama Pengawal Pembangunan Wilayah Tengah PKNS, Norita Mohd Sidek.

Katanya, nilai keseluruhan baki hartanah yang ditawarkan PKNS sepanjang kempen itu adalah RM111 juta membabitkan 687 unit.

rizalhakim

November 26th, 2008, 08:26 AM

Country Heights Damansara
Country Heights Damansara
Damansara, Kuala Lumpur Kuala Lumpur Malaysia
From MYR6,300,000 - MYR8,500,000
Tenure: Freehold
Land Area: 10,000-25,000 sq.ft
Min. Size: 7000 sq. ft.
Max. Size: 13000 sq. ft.
No. of Bedrooms: 5 - 7
No. of Bathrooms: 5 - 8

Facilities
Gated and Guarded Community
Recreation Park
Swimming Pool and Jungle Track. Surrounded by One-Utama Shopping Center
The Curve Shopping Center
IKEA
International school....

Additional Information

A Little Forest in Kuala Lumpur
As one who truly appreciates beauty in its earnest significance, Country Heights are proud to present to you House Beautiful series at Country Heights Damansara that offers a distinctive lifestyle at its highest peak.

Set in a tropical low-density hilly environment, overlooking a panoramic view of its surroundings and parts of the Kuala Lumpur City, it is community where you can find an address of beautiful homes that gives you a taste of unique natural terrain living experience.

With each of the home design guided by only one word “character”,we are confident that you will discover a new trend in living that could be so enriching.

Fine Living in the Nation’s Capital
Country Heights Damansara is one of the last few great pieces of development land in Kuala Lumpur with its superb location and freehold status. Coupled with our experience and vision of a truly pioneer developer in successful subdivision projects in Malaysia, Country Heights Damansara will be the epitome of fine country living in the Nation’s capital.

Houses on the Edge

This residential enclave with its beautiful undulating greens, is set to be crafted into a development of distinction guided by our motto of “Let the natural beauty of the terrain add value to your home”.. The natural terrain will add beauty and substance to every home in Country Heights Damansara.

Sprawled over 200 acres and uncrowded with a density of only 2 dwelling units per acre with a total security system, this development comprises only pure subdivision vacant bungalow lots with average size of 10,000 s.f. to 12,000 s.f. and earmarked to be the best residential enclave in Malaysia.

Country Heights Damansara – A New Beginning

Country Heights Damansara comprises 342 bungalow lots of which 281 vacant lots have already been sold to eager buyer. Now Country Heights are actively participating in the further enhancement of the ‘character’ of this unique hillrise development by designing and building ‘one of its kind’ homes for each of the balance lots. No two house designs will be the same. Country Heights’ international research data shows some of the most beautiful and high valued homes in the world are built on hillslopes.

Now, the 2nd portfolio of hillrise designs

Having launched ten new designs under the first hillrise series, Country Heights are now pleased to release new designed from the second series which represent the very latest in conceptual planning for hillside homes.

In short, Country Heights Damansara promises you a lifestyle of refinement, luxury and social excellence.

For more information, please contact +6012-226 1006 or email to countryheightsdamansara@hotmail.com for details presentation and site visit arrangement.

Developer
Country Heights Holdings Berhad (Damansara)
Address: G03-04, Ground Floor,
Block B, Mines Waterfront Business Park,
No.3, Jalan Tasik
43300 The Mines Resort City, Seri Kembangan,
Selangor Malaysia
Phone: 6012-226 1006
Fax: 603-8943 4508

rizalhakim

November 26th, 2008, 08:28 AM

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rizalhakim

November 26th, 2008, 08:35 AM

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rizalhakim

November 26th, 2008, 08:38 AM

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rizalhakim

November 26th, 2008, 08:42 AM

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rizalhakim

November 26th, 2008, 08:45 AM

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rizalhakim

November 27th, 2008, 07:27 AM

Into pocket developments
By Rosalynn Poh
Email us your feedback at fd@bizedge.com

Since it was established in 1996, Crystal Aim Group (CAG) has dabbled in a varied mix of projects, from reviving an abandoned housing development in Taman Pelangi, Rawang, to building semi-detached homes in Taman Sri Gombak, Selangor. These freehold residential projects, with a combined gross development value (GDV) of RM85 million, have since been completed, and now, CAG is building a RM25 million commercial development called Jubli 20 in Shah Alam.
Brothers Jason and Philip Siah are the executive directors of CAG, which their father built. The group is the turnkey contractor for Jubli 20, a shopoffice project coming up in Shah Alam, through subsidiary Twin Crystal Enterprise Sdn Bhd. Twin Crystal is led by Jason and Philip along with group legal adviser Bruce Lim. They are also the main shareholders.
CAG's first project was the revival of Phase 4 of Taman Pelangi, which was launched in 2004. Comprising 286 units of 2-storey terraced houses, the development had a GDV of RM44 million.
According to Jason, the previous landowner, a subsidiary of a distressed public listed company, was looking to either sell the land or enter into a joint venture (JV). When approached by some consultants, CAG agreed on a JV with Heavy Industries Valley Sdn Bhd.
"It was a good meeting of opportunity. The project was about 20% constructed and abandoned for several years before we took over," Jason tells City & Country. "There were many frustrated buyers then, but Bruce helped steer us through the legal minefield of reviving abandoned housing projects. It took us about two years to put together a scheme that was acceptable to all the parties involved, including the previous purchasers, the previous chargee banks as well as the housing ministry."
The project was turned around in time and without external financing. "We have since completed and handed over the units without the stigma of an abandoned housing project," says Jason.
CAG then went on to develop Astana Gemilang, a semidee project with a GDV of RM41 million in Taman Sri Gombak in 2006. The project consists of 72 semidees on an almost 10-acre freehold tract.
CAG's current project, Jubli 20, is a JV with Gandingan Ekslusif Sdn Bhd as the developer and Twin Crystal as the turnkey contractor. The land is owned by Majlis Bandaraya Shah Alam.
The 3.7-acre leasehold site in Section 20, Persiaran Jubli Perak, Shah Alam, hosts 24 units of 3-storey shopoffices with built-ups of 4,600 sq ft onwards. Completion is expected at end-2010.
"It's a pocket development within a mature area in Shah Alam. A preview of the property was held in March this year and to date, 75% has been taken up," Jason explains. He says the other developers in Shah Alam are selling their 3 and 4-storey shops for over RM2 million. "We are competitively priced and even considered cheap compared to many other developments in the area. Our units starts at RM900,000 for bumiputeras," he adds.
Jason studied architecture in Australia and joined the company four years ago. The 30-year-old says combining his experience as a professional and in the construction business has been challenging. "I need to know all aspects — from the demand to how to comfortably market the product. Architecture, on the other hand, is idealistic," he says.
Younger brother Philip, who is the marketing director of Twin Crystal, studied information technology in Australia and also joined the company four years ago.
According to Lim, who is Twin Crystal's corporate affairs director, "shops will always be a good investment — better than residences — as there are both capital and rent returns. Houses will usually have lower rent returns. Purchasers can expect good capital gains by the time the home is ready. We expect the rent yields to be about 9% to 12%". This, he says, is based on the monthly rents of between RM7,000 and RM10,000 fetched by similar-size units in nearby Section 23. Lim expects at least 30% to 40% capital appreciation for Jubli 20's shops upon their completion.
The RM600 million Shah Alam-Kemuning Highway, which is expected to be ready in 2009, will add value to the development as it is just one minute or 800m away from Jubli 20, he adds.
According to Lim, who still runs his own law practice, there is never a bad time to buy properties that are good.
Due to the increase in construction costs in June — when the government announced the petrol hike — the developer divided the construction of Jubli 20 into two parts. "We felt that costs would eventually come back down to more realistic levels, which luckily they did. What we did was to start with the award and construction of the below-ground works — piling, substructure and earthworks — which took a couple of months to complete. We deferred the award of the main structure works until recently, when costs were back to almost before the June petrol hike levels. It was a roller-coaster ride for us. This way, not only did we save money, but there was also no delay in the works," Lim explains.
Another development in the area is Space U8 by Mainstay Development Sdn Bhd. Launched in May this year, the 8.4-acre freehold plot comprises 58 units of 4-storey shops units, with an average price of RM330 psf. The developer says intermediate units of 9,000 sq ft were priced at RM2.4 million during the launch, and that similar units were recently transacted at RM2.9 million.
Space U8 has seen a take-up rate of 70% despite the economic slowdown. Buyers are investors and professionals looking to set up base in Bukit Jelutong. The developer is speaking to interested parties, such as hypermarkets, private colleges and government agencies, to form the anchor tenant base.

What's next
Twin Crystal's Lim says the group will be involved in a JV with landowner Perusahaan Sara Sdn Bhd to develop 60 units of semidees and superlink bungalows on a nine-acre tract in Kemensah Heights, Kuala Lumpur.
Jason says the group has two pieces of land in Kajang, totalling 20 acres. There are plans for semidee and semidee clusters for these, he adds. "We might launch next year, or wait until the economy stabilises," he says.
The 3-storey units in the gated and guarded development will be from 3,300 sq ft onwards, and the group may consider purchasers' special requests for a more personalised approach.
"We are targeting home owners who are upgrading, young professionals and other genuine homebuyers. Given our target market, we will try our best to cater for their needs whenever possible. For example, we do get requests such as helping them set up a committee, basic patrol unit, providing additional packages such as alarm systems and various other requests," Lim says.
Going forward, he says, the group will continue to focus on pocket developments usually not more than 10 acres in size.
"We will continue to look for pockets of land in Klang Valley within mature developments — where the price and land are right." Lim says this gives the group a ready market of buyers from the vicinity. "There are several advantages, from a town planning perspective. It would be easier to manage and infrastructure costs would be lower than that of a township development," he explains. CAG will focus on lifestyle projects with good and appealing designs and continue to develop medium to high-end mixed developments.

rizalhakim

November 27th, 2008, 08:30 AM

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rizalhakim

December 2nd, 2008, 04:51 AM

manikar @ Signal Hill

http://b7iqlg.bay.livefilestore.com/y1pyb386PXBYo1ynrU8xb5wA6J4YTEuNyjUc-JRQy_xJZoDLP59B12WPceKx8Ppl05XT7tiIcfMLsyZqWrVaJRjPw?PARTNER=WRITER

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http://www.themanikar.com

nice project..really cool!!

rizalhakim

December 2nd, 2008, 06:35 AM

No proper access to dream homes
By JAYAGANDI JAYARAJ

RESIDENTS of Country Heights Damansara in Kuala Lumpur have spent millions on acquiring lots and building their dream homes ever since the place opened for sale in 2001.

However, the gateway to their homes still lacks a main entrance and a proper access road.

At present, what they have as access roads are two small narrow roads, which lead up to the main guard house. One of them is a temporary access road through Kampung Pencala. It is also prone to floods.

According to Country Heights Damansara Residents Association pro tem committee president K.H. Tan, the roads are very narrow and will pose a danger if a driver was even a little careless.

He said it was also dangerous on security grounds as, at night, it could attract suspicious characters.

“We are just asking what has been promised to us by the developer when we bought our plots. The developer has been giving promise after promise of deadlines to have the main entrance completed,” Tan said.

“The entry road is supposed to be built next to the LDP and Pencala Link. But there isn’t any till today,” he said.

“During a meeting on Nov 19 and another on Nov 26, we were told that the developer plans to build the main entrance but lacks the RM8mil needed,” Tan said.

“In adddition, the company also promised to construct a clubhouse but it has also not materialised yet,” Tan said.

Tan said this during a protest at the residential guard house on Nov 29. About 100 residents and landowners had gathered to show their frustration over the issue.

Currently, there are 20 households living in the residential area.

About 50 more will be moving in soon, while 30 more will be moving in during the next six months.

rizalhakim

December 2nd, 2008, 06:36 AM

Developer promises to resolve problem fast
By PRIYA MENON

THE developer of Country Heights has acknowledged the frustration of the residents and has promised to resolve their problems as soon as possible.

“I understand how the owners feel about it because, to be honest, even I am unhappy as it will affect my business image,” Country Heights Holdings Berhad chief executive officer Datuk C.S. Ong said.

During the last meeting with the residents association on Nov 26, Ong set a time-frame for the road works to be finished.

“I received the approval from Litrak at the beginning of this year and I then hired a contractor to start work but, due to some technical errors, work has been delayed,” he said.

The technical errors arose due to a bed of solid rock beneath the surface.

Ong said the road should be finished by October next year.

He said, however, that the residents were not happy with the deadline he provided and held a protest last Saturday.

Ong said he had stationed security guards as well as provide proper lighting at the current access roads to ensure the safety of the residents.

In addition to that, a 30.5m-long road linking Desa Park City will be completed this month.

rizalhakim

December 5th, 2008, 03:03 AM

MK Land to focus on affordable homes

PETALING JAYA: MK Land Holdings Bhd’s strategy to turn around the company amid the current economic slowdown will see the property developer focusing on medium-cost and affordable homes, said chief operating officer Lau Shu Chuan.

The turnaround planto be carried out in three phases was expected to be completed in three to five years, depending on the market outlook, he said yesterday after the company AGM.

“We are at phase one now where we are strengthening our cashflow positions and transforming into a more structured and focused entity,” Lau said.

“We are now returning to black with positive first quarter results and will move forward with the turnaround plan.” For the first quarter ended Sept 30, MK Land posted RM4.91mil net profit compared with a net loss of RM8.45mil a year ago.

For the financial year ended June 30, the company posted a net loss of RM60.9mil.

Although the property sector was softening, it would navigate around that by offering a good mix of products, Lau said.

“We build niche property, medium and also affordable houses. In other words, we offer different type of products for different markets. If market is looking for more affordable house, we have the products for them. By this, we are able to position ourselves to take advantage of different market situations,” he said.

From July to November, MK Land sold RM54mil worth of properties including apartments and shop offices, while projects valued at RM23mil ar are being built.

Lau said although the group did sell plots of lands, the main focus would be on selling completed properties, adding that there would be new property launches next year.

However, he declined to offer details on the new property launches.

rizalhakim

December 9th, 2008, 09:10 AM

Holiday at home
By THEAN LEE CHENG

SEVERAL years ago, a family with three children moved into Tropicana Golf & Country Resort. They had built their own resort within a resort in that Petaling Jaya address. It was a 2½-storey home with facilities you’d be able to find in a holiday destination.

There is the palm and foliage-lined pool, not too large or overwhelming, to frolic in, which offers a view of the golf course. There is the gym room located on the uppermost floor, with a view of the greens and there are the games and TV room in the basement floor. There is even a sauna.

Incidentally, when the house layout was conceptualised, the idea of having a resort home was very popular among the well-heeled.

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A boxy exterior as seen from the garden. The patio overlooks the golf course.

Says the host: “All the facilities are here. You do not need to go out. It was not that I did a lot of corporate entertaining. On the contrary, I did not. But my family was entertained and during the school holidays, my nephews came and the children had their fun and parties.

“It was a real treat for them,” recalls the owner, who built the place with his architect brother.

The result is a 16,000-sq-ft built up over 2½ storeys on 11,800 sq ft. The host’s favourite area is the patio.

“This place is perfect for casual entertaining, both for day and night use. There is a slight breeze all day long and the view is great. It is next to the living area on one side, which means one can participate in the activities there as well as enjoy the serenity of the outdoors,” says the owner.

Because it is an open-concept house with the living, dining and kitchen and patio on a single floor, one is able to see all these public areas from the patio.

“The womenfolk will have their chatter and fun while working in the open-concept kitchen and dining area. They can watch TV and take an active part in the family conversation which may be taking place in the living area while preparing the meals. That’s the nice thing about open-concept kitchen and dining,” says the owner.

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The pool with surrounding foliage overlooks the golf course. The garden is to the left

The living hall and kitchen are separated by a flight of stairs. In many ways, that flight of stairs is the focal point of the living room. It is not of concrete, but timber and wrought iron railings.

The stairs lead to the family’s private room on the first floor and another to the basement floor.

There is also a dining room, accessible via the patio which comes with floor-to-ceiling glass windows. This formal dining area overlooks the pool and golf course.

There is a study and guest room on the ground floor. All the family’s bedrooms are on the first floor and come en suite.

The host draws attention to the flooring, which is of Italian marble in the living area, tumble marble in the patio and Vietnamese terracotta in the kitchen and formal dining area. The first floor comes with timber flooring.

“I like rough surfaces. There is a cost involved, especially in the patio flooring, but I like the non-slip surfaces,” says the host.

The house comes with smart switches which enable the owner to control the lighting and other electrical functions.

Because the house is multi-level, he has discreetly put in a spiral staircase that goes from the basement right up to the top floor where the gym is. There is enough space to convert that area into a lift, he says.

The host also draws attention to the storage area for air-conditioner compressors. Incidentally, there are 22 units of air conditioners in this house and six stainless steel water storage tanks, four of which have a capacity of 500 gallons each, and the remaining two in 200-gallon capacity.

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The formal dining area with floor-to-ceiling glass walls to give that dining-out-in-the-open feeling. Wooden timber strips for ceiling to add warmth and cosiness

The house has smart switches to control lighting and alarm and more than 10 TV and 14 telephone points.

Salient points

Two-and-half-storey leasehold bungalow
Basement car park for 8 cars
5 rooms, one maid’s room and another driver’s room
11 toilets and a powder room, a study, games and theatre room and sauna.
Land area: 11,800 sq ft
Built-up : 16,000 sq ft
Price: RM11mil
(Bungalow World, 03-7957-0017, May 012-214 3163, www.bungalowworld.com.my)

rizalhakim

December 10th, 2008, 03:54 AM

YTL Land to push ahead with Pantai Peak launch
By Sharen KaurPublished: 2008/12/08

The RM500-million project features a 16-ha gated community, with 233 units of luxury three-storey hillside semi-detached homes and bungalows

YTL Land & Development Bhd (2577), the property arm of YTL Corp Bhd, will push ahead with the launch of the last phase of its Pantai Hillpark development in Kuala Lumpur next year despite the global financial crisis.

Dubbed Pantai Peak, the RM500-million project features a 16-ha gated community, which will be located on YTL Land's final parcel of land in Pantai Hillpark.

It is set to be the latest icon in the area, with 233 units of luxury three-storey hillside semi-detached homes and bungalows with a variety of layouts and design options.

Deputy managing director Datuk Yeoh Seok Kian said each home will be priced from RM2 million.
"It will come with a lap pool and a stunning panoramic view of the Gasing green belt and the entire Petaling Jaya landscape" Yeoh told Business Times in an interview in Kuala Lumpur recently.

The main board-listed developer is optimistic that the property market will improve as banks revise their base lending rate from 6.75 per cent per year to 6.50 per cent per year this month.

This is following Bank Negara Malaysia's recent downward revision of the Overnight Policy Rate by 25 basis points to 3.25 per cent to uplift the country's economic activity.

"It will boost the sector as bank loans will be cheaper for home buyers. While we are more liberal than Singapore, we have to internationalise our properties."

YTL Land, which has locked-in sales of RM100 million from its Sentul East project in Kuala Lumpur, expects its financial performance to remain flat this year due to fewer launches than the previous year.

For the 12 months to June 30 2008, it posted a net profit of RM10.3 million and revenue of RM336.1 million.

"We had lesser launches due to the US-led subprime crises. We hope America will clean up the mess so that there will be a quick chance of recovery. If the prices of petrol and interest rates can remain low, we will be able to recover fast," Yeoh said.

Meanwhile, YTL Land will pace itself with the market for new launches at its on-going 120ha Sentul East and Sentul West project, and 48ha Lake Edge project in Puchong, to ride out the current crisis.

"We will continue to introduce high-end products. Malaysia has not gone through a bubble like that in the US, the UK and Singapore. Prime locations with good product packaging will suffer the least and pick up the fastest," he said.

Yeoh said Malaysian properties are still more competitive than those in Singapore and Hong Kong.

"People with money should buy properties but selectively, to hedge against inflation," he said.

Hot property areas in the Klang Valley remain in Sri Hartamas, Mont' Kiara, Damansara Heights, Bangsar, Sentul, Taman Seputeh and the Kuala Lumpur City Centre area.

rizalhakim

December 10th, 2008, 04:22 AM

Sime Darby Property's Campaign Generates Over RM100 Mln Sales

KUALA LUMPUR, Dec 9 (Bernama) -- Home buyers and property investors have been responding to Sime Darby Property's Parade of Homes campaign, snapping up over RM100 million worth of properties.

Since the campaign was launched on Nov 14, 2008, visitors have been making their way to Sime Darby Property's 10 townships in prime locations stretching from Shah Alam, Ampang and Subang Jaya to Nilai in Negeri Sembilan.

More than 160 units of properties were sold in a two-week period.

"We're definitely feeling very upbeat with the encouraging response from home buyers and investors alike," said Sime Darby Property's managing director Datuk Tunku Putra Badlishah in a statement Tuesday.

According to him, sales to date showed that Malaysians will continue to invest in the property market, given the right incentives and assurance that they have made a safe investment despite the current economic sentiment.

Sime Darby Property is offering a "guaranteed buy back" scheme which is valid until June 15, 2009.

Under the scheme, purchasers during the campaign period can sell back their properties to Sime Darby Property with "no question asked".

"The combination of factors which can be found only at the Parade of Homes has given those seeking a home and investors the confidence to proceed with their home ownership dreams or even upgrade to a better property despite the economic uncertainties," said Tunku Badlishah.

Two townships making their debut in the campaign are USJ Heights in Subang Jaya and Nilai Impian in Nilai.

Sime Darby Property is one of the six core divisions within Sime Darby Bhd, a Malaysia-based diversified multinational which is involved in plantations, industrial equipment, motors, energy and utilities.

Sime Darby Property is involved in property development, asset management and investment, and hospitality and leisure.

Apart from Malaysia, it has a global outreach covering Singapore, Indonesia, the Philippines, Vietnam, China, Australia and the United Kingdom.

-- BERNAMA

rizalhakim

December 10th, 2008, 05:20 AM

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rizalhakim

December 10th, 2008, 05:21 AM

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rizalhakim

December 10th, 2008, 09:21 AM

People just want development projects on hillslopes stopped

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Stop it!: Medan Damansara residents protesting against the hillslope development next to their homes by carrying a banner bearing the words, ‘Is the hillslope Damansara 21 project safe?’ in Kuala Lumpur yesterday. They want the Damansara 21 project, comprising 21 luxury bungalows, to be halted completely in the wake of the Bukit Antarabangsa landslide last Saturday. — SAM THAM / The Star

KUALA LUMPUR: People are fed up with recurring landslide tragedies and the subsequent blame game by politicians.

Some residents in “risky areas” are now furious over new development on hillslopes near their home.

Medan Damansara Residents Association committee member Randhir Singh said residents want the Damansara 21 project in their neighbourhood halted completely.

In Bukit Antarabangsa, residents affected by Saturday’s landslide are planning to sue for compensation.

Prime Minister Datuk Seri Abdullah Ahmad Badawi said the Government was considering compensation for victims of the Bukit Antarabangsa landslide.

rizalhakim

December 10th, 2008, 09:22 AM

Residents: Scrap Damansara 21 project

KUALA LUMPUR: Medan Damansara residents want the Damansara 21 project located in their neighbourhood scrapped.

Medan Damansara Resi*dents Association committee member Randhir Singh said the residents had enough of listening to politicians’ constant reassurance during their visits.

“We do not want to wait until another tragedy occurs before someone steps up to stop the project completely.

“The residents here are mentally, financially and physically suffering from it,” said Randhir.

The project by Selangor Dredging Bhd (SDB) Pro*perties that started early December last year comprises 21 bungalows costing between RM10mil and RM15mil each.

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Hazard area: Construction work for the Damansara 21 project is still going on and residents in Medan Damansara fear that a landslide may occur.

Randhir added that construction work at the site is still ongoing as some workers were spotted working, although the directive to stop hillside project had been announced.

“No one told the workers anything about it and some days they are seen working till 7pm,” he said.

This Saturday, Medan Damansara residents would gather to share their views on the project, with hopes that someone would listen to their pleas and bring the project to an end.

Segambut MP Lim Lip Eng visited the neighbourhood and hung banners reminding Prime Minister Datuk Seri Abdullah Ahmad Badawi and Deputy Prime Minister Datuk Seri Najib Tun Razak to stop all hillside developments in the wake of the Bukit Antarabangsa landslide tragedy.

rizalhakim

December 10th, 2008, 09:55 AM

Sime Darby’s Parade of Homes rakes in over RM100m in 2 weeks
Email us your feedback at fd@bizedge.com

SUBANG JAYA: Sime Darby Property has seen over RM100 million worth of sales during its latest Parade of Homes campaign, reflecting Malaysians’ willingness to invest in the property market, given the right incentives.

“We’re definitely feeling very upbeat with the encouraging response from home buyers and investors alike.

“The sales to date imply that Malaysians will continue to invest in the property market given the right incentives and assurance that they have made a safe investment despite the current economic sentiments,” Sime Darby Property managing director Datuk Tunku Putra Badlishah said in a statement yesterday.

He said since the launch of the month-long Parade of Homes on Nov 14, 2008, thousands of visitors had made their way to its 10 townships in prime locations stretching from Shah Alam to Ampang and Subang Jaya to Nilai in Negri Sembilan.

He added that with innovative financing solutions by RHB Bank, more than 160 units of properties valued at over RM100 million were sold in a span of two weeks.

“The combination of factors which can be found only at the Parade of Homes has given those seeking homes and investors the confidence to proceed with their home ownership dreams or even upgrade to a better property despite the economic uncertainties,” he said.

Tunku Putra said Sime Darby Property was offering a “Guaranteed Buy Back” scheme, which is valid until 15 June 2009, under which home buyers who purchased their properties during the campaign period could sell back their properties with “no question asked”.

rizalhakim

December 10th, 2008, 09:55 AM

SDB: Hillslope projects to proceed
by Tony C H Goh
Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Coming under scrutiny in the wake of the landslide in Bukit Antarabangsa, Selangor Dredging Bhd (SDB) said that it is on track with its Damansara 21 and 20Trees housing projects, both located on hillslopes.

The company said that all the necessary remedial and safety measures for the projects are firmly in place.

“With regard to Damansara 21, we are proceeding with slope stabilisation works as planned. In fact, we are pleased that ever since the stop-work order was lifted in October 2008, we have been able to enhance safety of the slope as quickly as possible to minimise the risk of any localised slips on the land.

“The development of 20Trees has been tiered into terraced platforms, which follow the natural contours of the land. These terraced platforms are created by stable retaining walls founded on a solid base. Most of the units are founded on bedrock and all units are on flat platforms. We do not foresee any delays in both the projects,” its managing director, Teh Lip Kim, said in an email reply to The Edge Financial Daily.

SDB is said to have committed some RM30 million and RM40 million for Damansara 21 and 20Trees respectively, basically for infrastructure work to strengthen the slopes and enhance safety.

The project in Damansara is scheduled to be launched by the second half of next year, and involves the construction of 21 luxury multi-storey bungalows, with selling price expected to start at RM10 million each. The project has a GDV (gross development value) of around RM250 million.

According to SDB, 75% of the 20Trees development in Taman Melawati, that comprises low-rise apartments and landed homes, has been sold.

Pressure has mounted on developers of property projects in areas deemed vulnerable to landslides, as hillside developments have been widely blamed for the spate of landslides that have occurred lately.

In the Klang Valley, the hillside projects that have attracted much attention are SDB’s development in Damansara and a project in Bukit Gasing by a private developer. The projects are under scrutiny as the government is considering a blanket ban on hillside developments.

On the possibility of extra remedial work being required, Lim said there is no such need at the moment as the company is satisfied with the safety measures in place.

“Together with our geotechnical consultant and engineers on both projects, we have worked on very stringent safety standards to safeguard both developments right from the start of the projects,” she said.

SDB gave an assurance that periodic checks on slopes and retaining walls would be conducted by the developer, and also by engineers via a sinking fund, even after a development has been handed over to the purchasers.

Yeonzon Yeow of Kenanga Investment Bank said that a blanket ban on hillside developments would be demaging. As such, he suggested that approved and ongoing projects should be allowed to continue, albeit with stricter guidelines.

“Damage to the property and construction sectors would be great, besides putting buyers who have invested in those properties in a financial dilemma. Hillside development has been carried out in many countries for a long time.

“The woes besetting such development should be shared equally, amongst the regulatory authority, developers and those responsible in overseeing the safety aspect of those projects,” he said.

rizalhakim

December 11th, 2008, 04:53 AM

Hillslope clearing continues ...
Noel Archariam

SDB Properties is proceeding with its slope stabilisation work at the controversial Medan Damansara 21 development project.

KUALA LUMPUR: Medan Damansara residents are still worried despite announcements from the Federal Government that all hillslope development will be reviewed.

Since last year, residents of Medan Damansara have been protesting against SDB Properties continuing to clear the hillslope near their houses for the development of the Medan Damansara 21 project.

The residents fear that if the development continues, there will be another landslip. A landslip in the area recently had caused two families to evacuate their homes.

The project began in early December 2007 and comprises 21 bungalows costing between RM10 million and RM15 million each.

Medan Damansara Residents' Association committee member Randir Singh said: "How can SDB Properties continue work, even after the prime minister has issued a directive that all hillslopes projects should be reviewed?" he asked.

Randir said the residents' association would be holding a meeting on Saturday to discuss the matter.

"Families who were affected by the landslip that occurred in October will be sharing their experience at this meeting.

"We have appealed three times to the Federal Territories Minister Datuk Seri Zulhasnan Rafique to visit our area, but he has ignored our invitation," he said.

Segambut MP Lim Lip Eng, who has put up a banner in front of Victoria Station in Damansara protesting the Medan Damansara 21 development, said all hillslope developments should be reviewed by the authorities before work commences.

"After what happened at Bukit Antarabangsa, we hope that the Damansara 21 project will be scrapped," he said.

SDB Properties communication and corporate affairs manager Lina Othman said they were proceeding with the Damansara 21 project, and were currently continuing with the slope stabilisation.

"To date, we have not received any notice from any authority that the work is to be halted. So we are progressing as planned."

"We are working with expert consultant geo-technical and structural engineers; from the inception of the project, we have ensured that the design and construction was as safe as possible," she said.

On Zulhasnan's meeting with City Hall tomorrow to review hillslope developments, Lina said that as a responsible developer, the company would abide by the regulations set by the relevant authorities.

rizalhakim

December 11th, 2008, 06:12 AM

Developer: Give us six months

PETALING JAYA: The developer of the Damansara 21 hillside project in Medan Damansara needs six more months to complete soil stabilisation works to guarantee the safety of the hill.

Selangor Dredging Bhd (SDB) managing director Teh Lip Kim said it was imperative that work to stabilise and strengthen the slope continue.

“We have spent about RM30mil so far to strengthen the slope because we want to make sure the houses and the surrounding areas are safe,” she added.

Teh explained that the stabilising works included placing 282 pilings along the back of the hill without using machines. Anchors were also driven into the base of the hill.

Group general manager Loong Ching Hong said the portion of the slope between the middle and top of the hill would be removed and the 21 bungalows built on flat ground.

“The bungalows will effectively be built on terraces,” he said, adding that SDB would never compromise on the safety or lives of housebuyers or those in neighbouring areas.

SDB had acquired the land, which came with a development order, from MAA in 2005.

Loong said it was the terrace design, which received support from 16 government agencies, that led to SDB’s amended development order being approved.

On the stop-work order and RM100,000 fine slapped on SDB in April, Loong said the stop-work order, which actually had delayed soil stabilisation works, was lifted in October.

Loong said the plan then was to continue soil stabilisation works at the base of the hill. He added that SDB had received verbal agreement from City Hall to use the access road that cuts through the residential area so that the work could be sped up.

“However, when the residents complained, we were slapped with the stop-work order and fine, with the authorities saying that we had no permission to use the access road.”

Loong said this meant they could no longer touch the site, and what they had feared most – a landslip – occurred.

Teh said SDB had not even launched the Damansara 21 project and yet was spending money to make the hill safe.

rizalhakim

December 12th, 2008, 04:23 AM

Medan Damansara residents unconvinced

PETALING JAYA: The amount of money spent by the Damansara 21 hillside project developer only goes to show the extent of work that was needed to strengthen the slope, said the Medan Damansara Residents Association.

The residents hit back at Selangor Dredging Bhd (SDB), which said it spent about RM30mil to stabilise the slope to ensure the houses around the area were safe.

“What guarantee do we have that the slope will be stable on a long-term basis?” association secretary Peter Raiappan asked in a statement yesterday.

He was also not convinced that the stability of the hill would not be affected, despite the amount of money spent, as the underground water flow could have been disturbed by reinforcement works.

“But a far more fundamental question is why the developer would build 21 massive, five-storey bungalows, each with its own swimming pool, on a slope which is just over five acres (20,234 square metres)?” Raiappan asked.

He said the proposed elevated bridge, which was to be built on a slope above a 35-degree gradient, would not allow residents living below to sleep in peace.

The residents called for the project located in their neighbourhood to be scrapped last Tuesday.

rizalhakim

December 12th, 2008, 05:39 AM

Gerakan: Shelve Damansara 21

KUALA LUMPUR: The Federal Territory Gerakan has urged the authorities to call off the Damansara 21 project in Medan Damansara because of safety, security and ecological concerns.

Its secretary, Dr Wong Ruen Yuan, said City Hall had to take pre-emptive action in the matter.

"The lack of concern shown by City Hall and the Federal Territories Ministry for the safety of the residents is most improper given the steep gradient of the hill and the mishaps that have already occurred.

"The Damansara 21 project should be shelved in view of the Bukit Antarabangsa tragedy," he said.

Dr Wong said he was amazed that work on the controversial project had continued even after a landslide on Aug 28 that almost destroyed a house in Jalan Setiapuspa Satu.

"It is time for all of us to heed the message of the people, especially the residents of Medan Daman-sara who wish to see this project shelved."

He said Gerakan president Tan Sri Dr Koh Tsu Koon would convey the concerns of Medan Damansara residents to the authorities.

He said Koh, who is also Gerakan FT chairman, is expected to call for a review of the viability of all hillside projects.

rizalhakim

December 12th, 2008, 08:57 AM

OSK helping transform Sungai Buloh
By Julie Chong
Email us your feedback at fd@bizedge.com

Unfazed by the competition posed by existing high-end developments, such as Sierramas and Valencia, OSK Property Holdings Bhd is poised to become a major player in the continuing transformation of Sungai Buloh from a lower-middle class area into a thriving modern township.
This is evident in its move to develop a 100-acre site in the vicinity of the Sungai Buloh New Village into a mixed-township development called Sutera Damansara, OSK Property's second project in the Klang Valley.
OSK Property's quest began in August 2007 when it acquired a 51% equity interest each in Semponia Sdn Bhd and Country Wheels Sdn Bhd. These two subsidiaries then entered into a joint-venture agreement with landowner Permodalan Negeri Selangor Bhd to develop the land in Pekan Baru Sungai Buloh.
The guarded development comprises 2 and 3-storey terraced houses, 2-storey superlink houses, 2 and 3-storey semi-detached homes, low-cost flats, low-medium-cost apartments and medium-cost apartments. There will also be 24 units of 2-storey shopoffices, with built-ups of 3,200 sq ft. These will be developed over five phases, with a gross development value (GDV) of about RM600 million.
The first offering within Sutera Damansara is Sutera Ria, comprising 431 units of 2 and 3-storey terraced homes, with built-up areas ranging from 2,305 to 3,063 sq ft. Targeted for launch this month, Phase 1A is slated for completion by 2010. Prices start from RM463,000 to RM1 million. This township also comes with restricted access to ensure security. The monthly maintenance fee is RM60 per month.
About 11.79 acres will be developed into a recreational park consisting of a lake, gazebos, children's playground and jogging trails. Sitting on leasehold land, Sutera Damansara is accessible via the MRR2, NKVE, Penchala Link and Lebuhraya Damansara-Puchong, which are all 15 minutes away.
OSK Property executive director and COO Gerard Tan Boon Chuan is not deterred by competition in the Sungai Buloh area by more established master-planned communities like Sierramas (developed by Kumpulan Sierramas) and Valencia (Gamuda Bhd).

Luxury and quality
Tan is not perturbed that Sutera Damansara will be close to Sungai Buloh New Village, which may not be appealing to some buyers. He believes that the project will attract interest because it denotes luxury and quality.
He says given the scarcity of land in the nearby Petaling Jaya area, Sutera Damansara's value-for-money and quality homes, with modern and trendy concepts, will be the key to its success.
Tan says OSK's target market for Sutera Damansara will comprise those in their 30s and 40s, with a household income of RM8,000 and above. He is also targeting buyers in the older developments around the Sungai Buloh, Sri Damansara and Kepong areas. He tells City & Country that many enquiries have come from Kepong and Kota Damansara.
Tan believes that Sutera Damansara will yield high returns on investment and expects a capital appreciation of 6% upon its completion, based on the current selling prices of the houses.
Stanley S S Wong, senior manager (sales and marketing), says response to the township's soft launch has been good since the project was advertised in the newspapers three weeks ago. It has also helped that news of its development has spread by word of mouth, he adds. To date, 40% of the 149 units open for sale under phase one has been snapped up, mostly by upgraders from the Kepong and Petaling Jaya areas, says Wong.
The new township is surrounded by many amenities, including hospitals, eateries, golf clubs, department stores and hypermarkets, putting the conveniences of urban living within easy reach. Also situated 5km from the township are ELC International School at SierraMas West, Chinese Primary School (SRJ (C) Desa Jaya in Bandar Sri Damansara and a few other local schools.

What's next?
With an undeveloped landbank of about 1,200 to 1,400 acres, with GDV of some RM3 billion, OSK Property is well positioned to take advantage of development opportunities despite the increasingly poor economic climate, says Tan.
Taman Sri Banyan in Country Heights, Kajang — the group's maiden project in the Klang Valley — was completed this year, with 85% of the units sold. The low-density, high-end gated and guarded development comprises 26 units of 2-storey semidees, and 2 and 3-storey bungalows.
"We are on the lookout for more niche pockets around the Klang Valley," says Tan, adding that in property development, one has to be proactive and aggressive.
To date, the group's flagship project Bandar Puteri Jaya, a 2,580-acre integrated township development launched in Sungai Petani, Kedah, in 1997, has delivered more than 6,500 residential and commercial units. "We are building affordable homes in the northern region," says Tan.
In the pipeline for the group is a 30-storey condominium tower with 108 units on Jalan Yap Kwan Seng — targeted for launch in 2010 and completion in 2012. The project will feature up to eight types of units of 1,100 to 3,600 sq ft, with prices starting from RM900 psf. The estimated GDV is RM130 million. The land was purchased in December 2007 when the company bought two plots totalling 26,000 sq ft, together with a 2-storey bungalow in Kampung Baru and a 1-storey office on Jalan Yap Kwan Seng, for RM11.5 million. The 2-storey bungalow, says Wong, will be rented out soon, while the 1-storey office will be let out as a car showroom. The company is still in talks with potential tenants.
The group also intends to develop 74 units of 2 and 2½-storey semidees in Bandar Baru Bangi, with a GDV of RM63 million. Tan says the redevelopment of Atria Damansara Shopping Centre in Petaling Jaya into a shopping mall with shopoffices is still in the planning stages.
In Seremban, Negri Sembilan, the group is developing phase one of Mon't Jade (a low-density development of bungalows and semidees) comprising 66 bungalows and the tail end of Seremban 3 (S3), a mixed development in Rasah.
Asked about the outlook for the property industry for 2009, Tan says, "Tread cautiously." He believes that with the right location, and with Malaysia among the cheapest in the region, there will still be buyers. "The only thing to do now is not to over-build," he says.
As of last year, OSK Property had embarked on projects, both new and ongoing, with a combined GDV of about RM4 billion.

rizalhakim

December 15th, 2008, 03:36 AM

Mature property neighbourhoods remain popular

PETALING JAYA: Some popular locations in the Klang Valley still attract buying interest for secondary properties, either for investment or own occupancy, despite the softening property market in the country, industry players said.

Townships with mature neighbourhoods and high-end residences in Kuala Lumpur which are close to the city centre remain popular secondary property markets, even for next year, according to real estate agents contacted by StarBiz.

Hartamas Real Estate Sdn Bhd managing director Eric Lim said popular locations for landed secondary residential properties in the Klang Valley included Ara Damansara, Bandar Utama, Bukit Jelutong and Kemuning Utama in Shah Alam, with people still buying properties there.

“It is expected to continue to remain active next year as the prices there are affordable versus the more mature residential areas such as Petaling Jaya. “Buyers, especially the young executives, are willing to go slightly further for more affordable property prices,” he said.

Raymond Phua
For condominiums, Lim is positive about locations such as Bangsar and KL Sentral as fewer launches in these areas in recent years have contributed to a stable supply.

Chester Properties senior real estate negotiator Kam Jun Yin said Petaling Jaya, Subang and Puchong were still the popular locations for those who planned to purchase properties for own occupancy.

Kam observed that the KLCC vicinity and Mont Kiara areas were most popular with buyers who bought for both own occupany and investment purposes, noting that prices in these two high-end locations had risen more than 100% in three years.

Secondary property prices in KLCC vicinity were ranging from RM1,000 to RM1,400 per sq ft, he said.

“Given that most of the new properties in the KLCC vicinity are looking to achieve RM2,500 to RM3,000 per sq ft, perhaps next year, secondary prices may be pushed higher,” Kam said.

According to S.K. Brothers Realty (M) Sdn Bhd general manager Chan Ai Cheng, Petaling Jaya, Damansara Heights are also attractive to secondary property buyers.

“These locations are well-established with mature neighbourhoods and populated with growing families creating natural demand as well as coveted residential address to match people’s lifestyle and demands today,” she said.

J A Valleys Properties real estate negotiator, Raymond Phuah, noted that “coupled with the limited land with freehold title in these areas, Petaling Jaya has attracted a lot of potential buyers for secondary properties.”

rizalhakim

December 15th, 2008, 03:37 AM

Waiting game for property buyers
By ELAINE ANG and RACHAEL KAM

http://biz.thestar.com.my/archives/2008/12/15/business/p11-condocht.JPG

Challenging year ahead seen for secondary residential properties

PETALING JAYA: It will continue to be challenging in 2009 for the secondary residential property market as buyers continue to adopt a wait-and-see stance on property purchases due to the global economic slowdown, property experts said.

The degree of softening in property sales would depend on the severity of the economic downturn next year, they said.

Regroup Associates Sdn Bhd executive director Paul Khong acknowledged that the secondary residential property market has been quite slow as potential buyers have been holding off decisions on house purchases.

“This has significantly impacted the property market especially in the current quarter,” he told StarBiz.

“The quiet period is expected to continue through to the first quarter of 2009 after all the holidays are over.”

http://biz.thestar.com.my/archives/2008/12/15/business/p11-propcht.JPG

S.K. Brothers Realty (M) Sdn Bhd general manager Chan Ai Cheng said buyer sentiment had taken a beating due to the current economic uncertainties.

“It’s a waiting game for buyers. There are even ‘aborted’ cases where buyers have placed an earnest deposit to purchase a property and subsequently pulled out from the transaction, in the hope that prices will come down further or in search of fire-sales while others are uncertain of their job stability and postponing the purchase commitment,” she said.

Nevertheless, Hartamas Real Estate Sdn Bhd managing director Eric Lim is anticipating stable to moderate growth due to bargain hunting in certain segments of the secondary property market, especially landed residential property.

“(However) the market for properties that are purchased for investment and speculation will be slower,” he acknowledged.

The agency experienced a 20% to 30% drop in sales in the second half of the year versus the corresponding period of 2007.

“This is quite substantial for us. Sentiment is still not good,” Lim noted.

CH Williams Talhar & Wong Sdn Bhd managing director Goh Tian Sui concurred.

“The last two to three months have been quite bad – enquiries and sales activities have dropped. Owners are more open to negotiations in pricing,” he said.

The prices of certain secondary residential properties could also face more pressure next year due to a lack of demand and an increase in supply of completed projects.

Citing an example, Regroup’s Khong said the situation for high-end condominiums in the KLCC and Mont Kiara areas were getting critical and there would be more pressure on rental and capital values as many of the projects in the vicinity would be completed within the next one or two years.

“Supply will be mounting on a monthly basis as demand continues to be low and this will eventually translate into lower capital values and rental.

“An easy 15% to 20% shed in values are envisaged for this sector generally,” Khong said.

From left: Paul Khong, Chab Ai Cheng, Eric Lim, Elvin Fernandez and Goh Tian Sui

The asking prices for middle-class residential properties in general, for example, terrace houses in good locations such as Sri Hartamas, Bandar Utama and even Taman Tun Dr Ismail, had already been adjusted 5% to 10% lower to reflect current market conditions, Khong said.

Khong & Jaafar Sdn Bhd managing director Elvin Fernandez noted that prices of high density condominiums with a low occupancy rate in not-so-choice locations were about 10% lower now compared with a year ago.

“Although prices have softened, it is still difficult to sell such properties,” he said.

rizalhakim

December 15th, 2008, 03:38 AM

EduSquare: BTS Land Capital Sdn Bhd (formerly Bandar Tasik Semenyih Sdn Bhd) has built hostel-style homes in a security guarded precinct called EduSquare in its Taman Tasik Semenyih.

http://biz.thestar.com.my/archives/2008/12/15/business/p10-bunglow.JPG
The doube-storey bungalow that boasts 14 rooms in EduSquare in Taman Tasik Semenyih

The homes can accommodate students at the Nottingham University (Malaysian campus) just next door.

It has built 18 two-storey semi-detached terrace houses (10 units of 11 to 14 rooms each from 3,199 to 4,169 sq ft and eight units with nine to 15 rooms each from 3,340 to 4,790 sq ft) and a two-storey bungalow with 14 rooms and a big 5,229 sq ft built-up area.

Every room has an attached bathroom.

The unique selling point is that those who buy the fully furnished houses also enjoy guaranteed yield of 7% per annum from rental to students over two years.

Since the varsity came into operation a few years ago, the student population has increased and there is a need for more student accommodation.

The old Broda road has also been widened into a dual carriageway.

Taman Tasik Semenyih is surrounded by greenery with a peaceful, mountain backdrop. It boasts of a nice clubhouse.

http://biz.thestar.com.my/news/story.asp?file=/2008/12/15/business/2711281&sec=business

rizalhakim

December 15th, 2008, 03:46 AM

An orchard in the backyard
By EDY SARIF

HIJAUAN Heights Sdn Bhd is transforming 1,000 acres of land in Pedas, Negri Sembilan into a lifestyle property development that includes bungalows with orchards, outdoor activities and a clubhouse as well as round the clock security.

It is for this reason that its director, Nor Azmi Talib believes the unique lifestyle project called “Hijauan Heights” will be a hit.

The development of Hijauan Heights started about three years ago on a plot of land that belonged to Telekom Malaysia Bhd (TM).

Through a subsidiary, TM Facilities, the company did a joint-land development agreement with a landscape company, IDH-IndahHijau (M) Sdn Bhd.

Nor Azmi: The location is a plus point
TM provided the development land while Hijauan Heights, a subsidiary of IndahHijau was responsible for the development, sales and marketing of the project.

Hijauan Heights plans to complete the first phase of the development by May next year.

According to Nor Azmi, the gross development value of the first phase is about RM79mil.

“TM will develop the structure for telecommunication that would include 3G connectivity. We have already divided the project into four phases scheduled for full completion by 2013. The 1,000 acres have already been subdivided to a minimum of one acre each to be offered to buyers,” says Nor Azmi, adding that in total about 591 lots have already been divided while the rest would be used for other developments such as building roads, a clubhouse and water tank.

“Here at Hijauan Heights, we offer you not just the orchard and clubhouse but also outdoor activities such as paragliding, fishing, boating and camping site to name a few. Plus, all the bungalows that we built are fully-furnished,” he says.

The location, Nor Azmi says, is another plus point as it is only 20 minutes to Seremban and an hour’s drive from Kuala Lumpur.

He is confident that despite the softening property market, the project with its unique features will be able to attract buyers.

“Our concept is very different from other developers. We are not doing mass development where thousands of houses are built. We are offering buyers a lifestyle concept whereby you can live in a green surrounding, do outdoor activities and also enjoy all the fruits from the orchard.

“Plus, you don’t have to worry about safety as it’s gated,” he says.

Nor Azmi says Hijauan Heights offers six types of four bedroom bungalows with an average built-up of 2,000 sq ft. It also provides three years of free maintenance for the orchard.

“In total, there would be about 129 units of four bedroom bungalows in this first phase plus the clubhouse. Since the soft launch on Aug 2, about 51 units had been sold,” says Nor Azmi.

He adds that the company is very selective about the choice of trees to be planted so that the buyers could taste all the fruits without waiting for the fruit season to come.

“About 40 fruit trees such as guava, rambutans, mango and longan have already been planted on each acre. For that, you don’t need to wait until the fruit season to savour the fruits as it will be a continuing fruiting season,” he says.

General manager Ungku Amir Ungku Sulaiman says the achievement of the company to subdivide the whole land into one acre individual title lots was something to be proud of.

“It’s not easy to subdivide this massive land into individual lots. It took us about two to three years just to do that,” he says.

He adds that this was an opportunity for future investments for buyers as the one acre land could be divided into more plots if they decide to split the land for their children.

The 1,000-acre freehold land at Hijauan Heights offers a minimum of one acre with six types of fully furnished bungalows to choose from with 40 type of trees planted. The prices start from RM750,000 to RM900,000 depending on the size of the land acquired.

http://www.hijauanheights.com

rizalhakim

December 15th, 2008, 04:13 AM

Goverment freezes Damansara 21 project

PUTRAJAYA: The Damansara 21 hillside project – deemed a high-risk development by the Government and where two landslips have occurred – has been frozen.

The Government has also ordered that the construction of the 34-storey block on Lot PT 21, Persiaran Raja Chulan be halted immediately pending a decision by the Govern*ment.

The developer has been told to take measures to prevent soil erosion.

Federal Territories Minister Datuk Seri Zulhasnan Rafique announced a temporary halt on structural works for the Damnasara 21 – a multi-million-ringgit bungalow project by Selangor Dredging Bhd (SDB) – but declined to say if the project would be shelved.

“The ministry has ordered the developer to continue with slope-strengthening works. The work is due for completion in February,” he told a press conference here yesterday.

The project in Damansara Heights, Kuala Lumpur, involves the construction of five-storey luxury bungalows, priced from RM10mil to RM15mil each on 2.3ha of land.

The number of units was scaled down from 25 to 21 following strong protests from Medan Damansara residents living adjacent to the site. Stop-work orders were also issued to the developer for flouting safety laws.

Zulhasnan declined to comment when asked if the slope gradient for the project was deemed within the unsafe zone.

The service apartment block in Bukit Ceylon, Kuala Lumpur, is one of two other high-risk hillside development projects identified by the ministry. The other is the Bukit Gasing bungalow scheme bordering Selangor.

Meanwhile, KL City Hall has deferred any decision on the Bukit Gasing bungalow project due to a lawsuit filed by residents.

rizalhakim

December 15th, 2008, 06:33 AM

Laman Bayu tawar kehidupan pesisir pantai Terengganu

http://www.utusan.com.my/pix/2008/1215/Utusan_Malaysia/Korporat/ko_02.1.jpg
SITI Aida Harun menunjukkan model projek kediaman Laman Bayu di Kuala Terengganu, baru-baru ini.

--------------------------------------------------------------------------------

KUALA LUMPUR 14 Dis. - Projek kediaman Laman Bayu di Kuala Terengganu, Terengganu dengan berkonsepkan 'Kehidupan Harmoni di Pesisiran Pantai' menawarkan 79 buah kediaman dengan menggabungkan ciri-ciri keindahan alam semula jadi dan reka bentuk kontemporari.

Daripada jumlah itu, sebanyak 67 unit rumah teres dua tingkat dan 12 unit rumah berkembar dua tingkat yang dibangunkan oleh Ciptasakti Sdn. Bhd. (CSSB) dibina di atas tapak seluas 2.8 hektar itu terletak kira-kira 300 meter dari Pantai Tok Jembal, dekat Kuala Terengganu.

Menurut Pegawai Pemasaran CSSB, Siti Aida Harun berkata, memiliki kediaman di tepi pantai serta lokasi hartanah yang strategik selain reka bentuk yang menawan mampu memenuhi kehendak pelanggan yang bercita rasa tinggi.

"CSSB mensasarkan jualan terutamanya kepada golongan ahli perniagaan yang ingin membuat pelaburan perumahan dan juga pegawai eksekutif muda yang belum memiliki rumah," katanya kepada Utusan Malaysia, baru-baru ini.

Rumah teres dua tingkat dijual pada harga antara RM238,000 hingga RM 286,400 sebuah manakala rumah berkembar dua tingkat dijual pada harga antara RM336,000 hingga RM364,500 itu kini dibuka untuk jualan.

Projek Laman Bayu yang merupakan projek usahasama antara CSSB dengan Yayasan Pembangunan Keluarga (YPK) Terengganu itu dijangka siap pada Jun 2010.

Selain itu, kediaman Laman Bayu turut menawarkan 12 buah rumah kedai dua tingkat, taman rekreasi dan permainan, taska, surau dan kawasan lapang dengan nilai pembangunan kasar (GDV) sebanyak RM25 juta.

Tambah beliau, reka bentuk rumah di Laman Bayu adalah unik dan eksklusif dan ia diyakini mendapat sambutan dari orang ramai dan syarikat yakin hartanah tersebut akan habis dijual dalam masa terdekat berdasarkan sambutan yang menggalakkan setakat ini.

Siti Aida berkata, kedudukan Laman Bayu yang menghadap Laut China Selatan menjanjikan pemandangan indah buat penghuninya dan keputusan untuk memiliki rumah di kawasan tersebut merupakan satu tindakan yang tepat bagi mereka yang ingin merasai suasana pagi di tepi pantai.

Menurut beliau, keterangan lanjut mengenai projek Laman Bayu boleh diperolehi dengan menghubungi CSSB di talian 09-6301564 atau 09-6301565.

rizalhakim

December 15th, 2008, 08:06 AM

Medan D’sara residents rally against builder’s suit

KUALA LUMPUR: The Medan Damansara Residents Association here has set up a fund to finance a defence against a suit brought against four office bearers by SDB Properties Sdn Bhd and Selangor Dredging Bhd of the Damansara 21 project.

Its president, P. Subhakaran, said the four, namely himself, Datuk Seri Dr Abdul Shukor Abdullah (former president), Peter Raiappan and Randhir Singh were being sued for defamation in their personal capacity.

“We have filed our defence and hired a lawyer to represent us.

http://thestar.com.my/archives/2008/12/14/nation/n_p8protesters.jpg
Neighbours united: Medan Damansara residents in a show of solidarity against the hillside project visible in the background.

“I am ready for the day in court, We have been given a mandate by the residents to protect their interests,” he told reporters after a meeting between residents, Deputy Federal Territories Minister Datuk M. Saravanan and several MPs yesterday.

The plaintiffs filed a suit against the four at the High Court three months ago.

Subhakaran said the association hoped to meet the Federal Territories Minister Datuk Seri Zulhasnan Rafique, new Kuala Lumpur mayor Datuk Ahmad Fuad and relevant authorities to highlight their plight.

Its assistant secretary, Randhir Singh, said the association wanted the Government to ban the Damansara 21 hillside project.

He said the association appealed to all banks and financial institutions not to finance high-rise hillside projects.

“The banks talk about corporate social responsibility and the environment yet they finance the developers.

“We appeal to professionals including consultants and lawyers not to be part of such developments.”

He said the association had even received donations from people staying outside Medan Damansara.

The public can read about the plight of the residents at www.medandamansara21.blogspot.com.

rizalhakim

December 15th, 2008, 08:08 AM

Damansara 21 developer sues residents association
By NG SI HOOI

KUALA LUMPUR: The Medan Damansara Residents Association has set up a fund to raise money to support its four office bearers who are being sued by SDB Properties Sdn Bhd.

The association president P. Subhakaran said the four including himself, Datuk Seri Dr Abdul Shukor Abdullah (who was then the association president), Peter Raiappan and Randhir Singh was being sued for defamation in their personal capacity.

“We have filed our defence and hired a lawyer to represent us.

“I am ready for the day in court, We have been given a mandate by the residents to protect their interest,” he told reporters after attending a meeting between residents and several MPs including Deputy Federal Territories Minister Datuk M. Saravanan on Saturday.

The developer had filed a suit against the four in their personal capacity at High Court three months ago.

Subhakaran said the association hoped to meet the Federal Territories Minister Datuk Seri Zulhasnan Rafique, new Kuala Lumpur mayor Datuk Ahmad Fuad and relevant authorities to highlight their plight.

The association assistant secretary Randhir Singh said the association wanted the government to scrap instead of freezing the Damansara 21 hillside project.

“The authority may continue the project later. We want the government to put a stop on it.

“About 14.9% of the hillside is above 35 degree. It is not safe to the residents nearby. What is more important, the human life or developer?” he asked.

Randhir said the association appealed to all banks and financial institutions not to finance high-rise development hillside projects.

“The banks talk about the corporate social responsibility and environmental campaign but yet they still finance to these kind of developers.

“We also appeal to professionals including consultants and lawyers to not be part of such developments,” he said.

He said the residents as well as non-residents had been very supportive to the fund set up by the association three weeks ago.

“We even receive donations from those who are not staying here. We welcome donation for the fund to help the four who are being sued,” he said.

He said the association had set up a blog to highlight the plight of the residents on the website.

The address is http:www.medandamansara21.blogspot.com

rizalhakim

December 15th, 2008, 08:08 AM

Folk at Medan Damansara not celebrating

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Medan Damansara residents not celebrating yet

KUALA LUMPUR: The temporary halt to structural works for the Damansara 21 hillside project is only partial good news for Medan Damansara residents.

“We are not completely satisfied and we are not celebrating just yet,” said Medan Damansara Residents Association president P. Sudhakaran,

Minor victory: Medan Damansara residents welcoming the temporary halt order Friday.

He said many residents felt that the situation “may just go back to square one”.

Federal Territories Minister Datuk Seri Zulhasnan Rafique said the Cabinet would decide on the project, but added that there was a temporary halt to structural works.

“We will continue with our struggle. Safety is our top priority in this fight against the developers,” Sudhakaran said yesterday when met at the housing area after the announcement was made.

He also said that water no longer gushed into the drains when it rains since the project began, a situation which could have been caused by water retention.

Asked whether the residents would continue staying in the area if the project received the green light from the Government, Sudhakaran replied: “Where else can we go?”

He said the residents would meet several MPs today to discuss and make an announcement on the matter.

Meanwhile, project developer Selangor Dredging Bhd Damansara (SDB) said it received a letter from City Hall on Thursday which required it to continue with strengthening and safety works at the hill.

SDB communications and corporate affairs manager Lina Othman said in a statement that slope stabilisation works were already being carried out as planned and that the company would adhere to safety standards set out by authorities throughout the construction period.

rizalhakim

December 15th, 2008, 08:14 AM

Hillside projects from a developer’s viewpoint
By THEAN LEE CHENG, EUGENE MAHALINGAM and RACHAEL KAM

SDB seeks to allay fears and further controversy

AS one drives along Jalan Damansara towards the city, it is impossible to miss the blue sheets covering parts of Bukit Damansara the last 10 months.

For decades, that location and the larger Damansara Heights has been one of the most upmarket residential suburbs in Kuala Lumpur.

Bukit Damansara is today embroiled in a controversy with angry and fearful residents on one side and a developer on the other, in the wake of last week’s tragedy in Bukit Antarabangsa, Ulu Kelang which took four lives, injured 15 and destroyed 14 houses.

http://thestar.com.my/archives/2008/12/13/business/b_p18Damansara21.jpg
Teh: SDB has complied with all the remedial and safety requirements to certify that its Damansara 21 project (above) is safe for construction

Because SDB Properties Sdn Bhd, a subsidiary of Selangor Dredging Bhd, is currently involved in two hillside developments – Damansara 21 in Bukit Damansara and 20Trees, Taman Melawati – the company has come out on record to give its view to allay fears and further controversy.

Its managing director Teh Lip Kim says Damansara 21 will not suffer the same fate as Bukit Antarabangsa as long as the company’s plans to stabilise the slope continue unhindered.

She also says the company will need six months to complete soil stabilisation works to make the hill safe.

“To stop work now is dangerous and irresponsible. Because we are the landowner, we are responsible for this property,” she says, adding that the company has been around since the 1960s and has a reputation to uphold. Neither would we start a project if it was unsafe,” she says.

The company was slapped with a stop-work order for about 10 months. Work resumed in October.

The luxurious development, scheduled for launch by the second half of next year, comprises 21 multi-storey bungalows with a starting price of RM10mil each.

The project will have a gross development value of RM250mil.

“In today’s economic climate, it will be difficult to sell the bungalows. Yet, we are ready to spend RM30mil to strengthen the slope and ensure that the houses and surrounding areas are safe.

“It would be more dangerous to abandon operations mid-way,” she says.

Teh adds that upon completion of the project, SDB would be setting up a sinking fund to continue slope maintenance in the gated and guarded development.

The company aims to terrace the hill and site the bungalows on flat platforms carved into the hillside.

Teh says the company had complied with all the remedial and safety requirements to certify its Damansara 21 project was safe for construction.

SDB group general manager Loong Ching Hong says apart from city hall, the company has also obtained approvals from 16 other departments.

He adds that SBD has even been accused of bribing its way to obtain the approvals.

“Is it possible to bribe 16 departments?” Loong asks, adding that the Damansara 21 project was on par with the latest engineering standards.

SDB also has another hillside development, 20Trees in Taman Melawati, which comprises low-rise apartments and landed homes. To sdate, Teh says about 75% of this Melawati project has been sold.

Geotechnical engineer Dr Gue See Sew, who has been extensively quoted each time a landslide occurred, says it would be the height of folly to stop work when part of the land is cleared.

“To stop the developer from continuing operations to strengthen the slope is tantamount to doing an operation half way and forcing the surgeons to stop. To do nothing, when the slope is already cleared, is as bad as inviting a disaster. It is dangerous to stop now,” says Gue, adding that it is best the developer continues slope stabilisation work as speedily as possible.

“Caisson piling, which is what is being done on Damansara 21, involves a hand-dug method. It is much like digging a well by hand and pouring concrete and reinforcement into the ground.

“It is unlike bored piling, which uses a huge machine to drive piling into the ground like a hammer on a nail.

“Caisson is a far better option for hillside development,” says Gue, who is an independent source.

Country Heights Holdings Bhd CEO Datuk C. S. Ong, who has been trying for several years to turn Country Heights Damansara into another upmarket development like Damansara Heights, has discovered that his vision remains a distant dream, just as the dreams of land owners who bought that property several years ago.

Of 270 bungalow plots, works have started on only 70 of them.

Only half of which have been completed while the remaining 30-odd remain as work-in-progress.

About 30% of the 270 vacant bungalow plots have a gradient of 26 degrees or more, some as high as 45 degrees, says Ong.

He gave no reasons why the project is taking so long to materialise other than building a house on a slope is not the same as building on level ground.

It takes a very brave landowner to begin construction.

Not only will building on slope cost a lot more – 45% or more compared with constructing on flat ground – landowners are uncertain how to go about it because of the steepness of the slopes.

Geotechnical expertise is a must, even before construction. These reports must be submitted to the authorities.

Says Ong: “Architects think of aesthetics. Geotechnical engineers think of the safety of the slope and construction. There must be regular checks for unstable land conditions even as construction goes on. And when the house is build, checks and maintenance continue to be a must.

“Nature will give man time to remedy. There will be signs and symptoms. The danger is when these signs are ignored,” says Ong.

With the Bukit Antarabangsa tragedy still fresh on people’s minds, what are the options for landowners over at Country Heights Damansara? The price of land there is telling.

If one were to buy land from the developer today, the price of vacant land is between RM250 and RM300 per sq ft.

On the secondary market, it is between RM220 and RM270 psf.

“Slightly cheaper on the secondary market,” admits Ong. It looks as if Country Heights Damansara will remain green for quite a while to come.

rizalhakim

December 16th, 2008, 03:34 AM

SDB to continue slope stabilisation work
By FINTAN NG

It is awaiting new guidelines on hillslope developments

PETALING JAYA: Property developer Selangor Dredging Bhd (SDB), which is embroiled in a tussle with residents living below the hill where the 5.68-acre freehold Damansara 21 project is located, will continue with slope stabilisation work pending new guidelines on hillslope developments.

Last Friday, Federal Territories Minister Datuk Seri Zulhasnan Rafique announced the temporary halt on structural works at the project while a 34-storey serviced apartment project in downtown Kuala Lumpur’s Bukit Ceylon has also been halted pending a decision by the Government.

Asked whether the company would file for compensation from the Government should the project be scrapped, SDB communications and corporate affairs manager Lina Othman said in an email reply: “There was no notification that the project is to be halted indefinitely.”

She said the company would continue with the stabilisation work as required by the relevant authorities and await the new guidelines on hillslope developments.

Lina said the slope stabilisation work and development cost had come up to “approximately RM15mil”. Past reports had put the cost of stabilising the hillslope at more than RM30mil.

The land parcel was bought for RM52mil, or at RM200 per sq ft, from Malaysian Assurance Alliance Bhd in August 2005 and came complete with a development order and building plans in place.

“We’ve planned that slope stabilisation and earthworks are to be completed before launch, so the sum spent on slope stabilisation has been taken into account. Building construction costs have not been incurred,” Lina said.

She said to ensure that the land could be built on, the company would improve the factor of safety to a minimum 1.4. “We’re currently in the midst of making the land safer. In terms of factor of safety, even prior to commencing work on the site, there were localised landslips as the factor of safety for certain parts of the land was less than one,” Lina said.

She said the project was targeted for an end-2009 launch but might be deferred depending on the economic situation at the time. The project, which has a gross development value of RM250mil, comprises 21 five-storey bungalows priced from RM10mil to RM15mil, and was scheduled for launch in the second half of next year, according to several reports.

A source familiar with the matter said that based on the logic of what the company had spent to stabilise the soil of the hillslope and what it still had to spend, “the least the Government can do is to compensate the company for what it has spent on stabilising the land should the project be scrapped.”

“It’ll be a case precedent what the company can claim from City Hall,” he told StarBiz yesterday. “Short of that, it will be deceiving since the company bought the land with the understanding that it can be developed.”

When the site was purchased, he said, the company was prepared to carry out the work to stabilise the land for development. “I don’t think the Government has any grounds to stop the project, there’s no reason as long as the company is doing it right.”

rizalhakim

December 17th, 2008, 08:03 AM

Jualan rumah RM141 juta dalam 30 hari

KUALA LUMPUR 16 Dis. - Sime Darby Property Bhd. menjual 241 hartanah bernilai RM141 juta dalam tempoh sebulan menerusi kempen Parade of Homes.

Kempen itu yang bermula pada 14 November dan berakhir hari ini, menyaksikan minat kukuh terhadap 10 projek bandar. Antaranya Ara Damansara, Bandar Bukit Raja, Bukit Jelutong, Denai Alam, Melawati, Nilai Impian, Planters' Haven, Putra Heights, Subang Jaya dan USJ Heights.

"Berdasarkan hasil dua kempen kami sebelum ini, hasilnya sangat positif. Selagi kami agresif dari segi pemasaran dan cuba menangani kepentingan pembeli, kami mempunyai peluang untuk berjaya," kata Pengarah Urusan Sime Darby Property, Datuk Tunku Putra Badlishah, hari ini.

Bagi tahun depan, beliau berkata, syarikat itu akan terus berhati-hati terhadap pasaran hartanah dan akan mengkaji keperluan pembeli sebelum melancarkan hartanah baru.

Tunku Putra berkata, gabungan faktor seperti yang terdapat pada Parade of Homes memberi mereka yang mencari rumah kediaman dan pelabur keyakinan meneruskan impian untuk memiliki kediaman atau membeli hartanah yang lebih baik walaupun berlaku ketidaktentuan ekonomi.

Beliau berkata, Sime Darby Property juga menawarkan skim "Jaminan Membeli Balik", yang sah sehingga 15 Jun 2009 dengan pembeli rumah yang membeli hartanah sepanjang kempen, boleh menjual balik hartanah berkenaan.

- Bernama

rizalhakim

December 19th, 2008, 03:35 AM

PJ Development defends its hillside project
By EUGENE MAHALINGAM

KUALA LUMPUR: “Hillside” and “landslide” are two words that have been propping up in the same sentence quite extensively as of late.

Ever since the tragic landslide that hit Bukit Antarabangsa two weeks ago, developers with hillside developments have been under the radar by observers who fear that these projects are accidents just waiting to happen.

Many developers are giving assurances that their hillside developments are in compliance with the relevant remedial and safety regulations and are safe to inhabit.

For PJ Development Holdings Bhd (PJD), that task will be a lot tougher, especially for its Siarah Oakleaf development which is located within Bukit Antarabangsa itself.

The development comprises twenty 2½-storey semi-detached homes with a gross development value of over RM40mil. The homes have a starting price of RM2mil.

PJD Management Services Sdn Bhd chief operating officer Lim Lian Seng said the company had adhered to the relevant safety requirements when it undertook the construction of the project, which is now 90% complete.

“We have the geo-technical reports as requested by the Ampang Jaya Municipal Council (MPAJ) and Ikram (Public Works Institute) to certify that the land where our project is safe to construct,” he said when contacted by StarBiz.

“Procedure-wise, we have the clearance from the proper authorities to go ahead with the project,” Lim said, adding that the company was expecting to receive the certificate of fitness by February.

He also said that safety was always a primary concern for the company when it decided to embark on its development in Bukit Antarabangsa.

“The land was approved for the construction of 200 units of condominiums but we were more cautious and decided to construct landed homes,” Lim said, adding that PJD was not working on other hillside developments.

The Siarah Oakleaf development is located about 600m from where the landslide took place. Lim said the landslide tragedy on Dec 5 would have an impact on both property buyers and sellers.

“It will affect everyone. Purchasers are more cautious and developers will definitely have problems selling our (hillside) projects,” he said.

With the right reports, analysis and proper drainage systems in place, Lim said it would still be safe to develop projects on hillsides.

rizalhakim

December 20th, 2008, 04:30 AM

YTL Land goes ahead with projects

YTL Land & Development Bhd, the property arm of YTL Corp Bhd, has no intention of deferring any of its projects despite the current economic downturn.

Executive director Datuk Yeoh Seok Kian says the company’s plans are on track despite the weaker market sentiment.

“We are not isolated from the effects of the current credit crunch but neither are we scaling back or deferring any of our projects.

“In fact, we have gone ahead with both our Malaysian and Singapore property launches with the confidence that residential properties in prime locations or in well-populated catchment areas will continue to enjoy good appreciation and attract investors,” he says.

YTL Land is currently focusing on its Lake Edge development located in Puchong, where it has just launched its latest phase of landed homes. Called Waterville, the development comprises 50 units of 2½-storey semi-detached houses.

Apart from its Waterville homes, which have already secured a 30% take-up rate, YTL Land will also launch its Parkville homes (also in Lake Edge), which comprises a collection of eight bungalows and eight semi-detached homes.

“We are optimistic of achieving the RM120mil GDV (gross development value) target set for both our Waterville and Parkville launches by our financial year end in June 2009,” Yeoh says.

Despite the weaker economic climate, Yeoh says YTL Land would not be revising the prices of its ongoing projects downwards.“We will not devalue any one of our projects, primarily because most of the acquisition of our land-bank has been the result of smart partnerships, resulting in lower upfront investment costs. This gives us room to pace ourselves against market conditions,” he says.

YTL Land is cautiously optimistic about the economic climate ahead.

“Although consumer sentiment has been dampened by the current economic situation, there are many buyers who are still on the lookout for good buys that can provide returns over the long term,’’ Yeoh says, adding that the company is working with banks and other relevant parties to ensure buyers’ needs are taken care of.

Yeoh believes that Malaysia remains an attractive market for foreigners as properties are still very affordable compared to neighbouring countries. The Government’s continued push of the Malaysia Property Inc (MPI) and “Malaysia My 2nd Home” programme has opened up opportunities for the country.

“The abolishment of the Real Property Gains Tax and the limit on the number of residential property loans obtained by foreigners has also added to Malaysia’s appeal as a property haven,” he adds. – By EUGENE MAHALINGAM

rizalhakim

December 22nd, 2008, 04:41 AM

Vantage Lifestyle stamps mark
The new developer making waves in the high-end residential market in Segambut
BY S.C. Cheah

A NEW property development company, Vantage Lifestyle Sdn Bhd, is going all-out to stamp its mark in the competitive Segambut high-end residential market with its maiden project, The Serai.

Not only is its pricing about half that of similar upmarket homes in neighbouring Mont’ Kiara and Segambut, it is offering The Serai to be assessed by the Building and Construction Authority of Singapore under its stringent Construction Quality Assessment System (Conquas).

As Vantage Lifestyle (a member of 3i Properties Sdn Bhd) director Yuri Ong Wei Meng said it was better for a professional third party to judge The Serai’s quality than “blowing our own trumpet.”

“We believe we are the only small developer that will be assessed under Conquas,” he said during a tour of the semi-detached showhouse in Segambut recently.

The Serai (lemon grass), a gated and guarded freehold development, comprises two units of three-storey bungalows priced from RM3.2mil, and 28 units of three-storey semi-detached houses priced from RM1.65mil each. The bungalows, on land sizes from 7,912 to 7,632 sq ft , have about 6,000 sq ft of built-up area with their own pool.

The semi-detached houses have land sizes of about 3,200 sq ft and a built-up area of 4,632 sq ft. Monthly maintenance charge is RM350.

The luxuriously furnished showhouse is available for sale at RM2.65mil after a 3% discount.

http://biz.thestar.com.my/archives/2008/12/22/business/b_11yuri.jpg
Yuri Ong (right) and another company director James Keet with a model of The Serai

The double-volume living area enhances the perception of grandeur with the right furnishing and curtains. There are also a lot of thoughtful details, some of them too small to notice.

For example, external metal louvres on the upper portion of the tall tinted glass panels cuts off excessive sunlight. Double-section sliding doors are used with tiny slots to drain off any rain water collected in its tracks.

Top marks go to the huge master bedroom and ensuite master bath with shower area, deep long bath and double basins that occupy 840 sq ft of the top floor. This does not include two timber deck areas and balcony.

There are three spacious bedrooms on the first floor and two more on the ground floor, including a maid’s room. In all, there are five bathrooms and a powder room.

Besides the current 3% discount and about RM60,000 in interest savings from a 10:90 payment plan, buyers also get extra features worth over RM100,000, including three-phase power supply, pneumatic booster pump, automatic gate system, plaster ceiling, hot water system, Astro points to the living room, family hall, master bedroom and master bath (where you can watch TV in your long bath), and tempered glass shower screen in all the bathrooms.

These homes are ideal for people in their 40s and 50s with two or three children. The guest room on the ground floor can be used for the elderly or as a study.

About 60% of the 30 homes have been sold since the project was soft launched on Oct 18 with most of the buyers being upgraders from around the area.

Although it may not have the prestigious Mont’ Kiara or Sri Hartamas names, it is actually quite accessible to these areas via Jalan Segambut and a proposed link to Mont’ Kiara via Persiaran Prima Pelangi.

Several new developments have been completed, under construction as well as being planned in the vicinity of The Serai. Across the road from The Serai are some newly completed terrace houses and further away are the newly completed Anjung Tiara semi-detached homes on a hillside, some shophouses and the freehold Bukit Seri Bintang (nearing completion) project by Ipoh-based Total Resources Sdn Bhd.

Bukit Seri Bintang comprises 26 units of 2½-storey terrace houses priced from RM638,000 to RM988,000 and six semi-detached houses priced from RM928,000 to RM1.4mil.

The upmarket Desa Parkcity, on the other side of a hill, forms the backdrop for The Serai.

“Since we bought our land, the land cost have shot up by 40%. The price of land is now about RM100 psf,” said Ong, who plans to do similar developments in the Klang Valley. His two other partners are brothers Bernard and James Keet.

Looks like the trio have done their homework well which is based on what Ong described as building for a target market.

rizalhakim

December 30th, 2008, 07:51 AM

Magna to move into new market segment
By LAW KAI CHOW

Developer plans RM300mil mid to high-end landed properties

MAGNA Prima Bhd plans to build mid to high-end landed properties with an estimated gross development value (GDV) of RM300mil in the next three years, says chief executive officer Lim Ching Choy.

He says the move, a departure from Magna’s traditional high-rise housing market, is to meet the rising demand for super-link and semi-detached houses and bungalows based on the gated-and-guarded community concept.

The projects, in Bukit Jalil and Selayang, are expected to be launched by June.

“The target markets are purchasers intending to upgrade their houses. We target middle to high-income earners, as their purchasing powers are not affected severely by the inflation and economic slowdown.

“In addition, landed property gives us the flexibility to launch houses and construction by phases, relaxing our cashflow,” Lim tells StarBizWeek, adding that the group is seeking a profit margin of 25% for the segment.

Magna expects the landed property market to contribute 25% to group revenue in 2009, which is targeted at RM400mil.

Lim predicts the residential property market “to take a temporary breather and will only resume its momentum when investor confidence has been restored”.

However, he says the RM7bil stimulus package and the Budget 2009 may help soften the blow to the economy, especially in the real estate investment trust (REIT) sector.

“Withholding tax imposed on foreign investors was reduced to 10% from the previous 15%-25%. Foreign REIT management companies are now permitted to hold as much as 70% compared with 49% previously.

“Despite a depressed market, REITs in Malaysia still gives a decent yield of 9%,” he says.

Lim notes that the local residential property sector has been expanding until a few months ago, when the effects of the global economic crisis began to bite deeper into the domestic economy.

“We at Magna Prima, for example, have been steadily building up our unbilled sales (RM230mil as at end-October) to a comfortable level before the meltdown and we should not face any significant adverse impact on our revenue and profit margins,” he says.

“We have also employed highly-motivated sales team and used innovative marketing strategies to maintain market share and review cash position regularly to ensure there are sufficient funds to steer us through the challenging times.”

Lim says the company is expected to finalise the acquisition of two pieces of land, with a total size of 35 acres, in two months.

The plots of land are located in prime areas, he says, without revealing their locations.

Currently, Magna has a total of 39.2 acres in its land bank, with an estimated RM2bil in GDV.

rizalhakim

December 30th, 2008, 08:02 AM

NBC bullish about Jelutong Heights project
By EUGENE MAHALINGAM

NBC Land Sdn Bhd is optimistic that response for its Jelutong Heights residential project will be good despite the current economic downturn.

The project, now in its second phase, has already received strong interest from potential buyers, says chairman Datuk Ng Bee Chai.

“We have already sold six units even though we have yet to start construction,” he told StarBizWeek, adding that buyers were impressed with the design, location and price of the houses when they visited the site.

Despite anticipating a softer property market in 2009, Ng says NBC is still optimistic about securing sales for its homes.

“I think it is normal to expect a slowdown next year but we have to uphold a positive approach. If you have a project with good designs, location and pricing, there will always be a place in the market,” he adds.

He points out that the Malaysian property market is much more resilient than the those of many other Asian countries.

“The 3.5% gross domestic product (GDP) growth forecast for next year is reason enough to remain optimistic. The fact that it (the Malaysian economy) is still projected for growth is considered good,” Ng says.

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Datuk Ng Bee Chai at the entrance of the Jelutong Heights project in Shah Alam

Once completed, the Jelutong Heights guarded garden community development will comprise 112 units of 2½-storey semi-detached homes on 15 acres of freehold land with a gross development value of RM150mil.

With built-up areas of 3,776 sq ft-3,790 sq ft, the houses are sold at RM1.2mil upwards.

Ng says the homes are competitively priced and much cheaper than many of the houses in neighbouring developments.

The first phase, which was launched at the end of 2006, comprises 32 units. Ng says only three units are left, adding that most of the customers are from the Shah Alam area.

When completed, the second phase will comprise 26 units. NBC Land plans to officially launch the second phase after the Chinese New Year.

The start of the third phase will depend on the popularity of the second phase.

“Once we have sold most of the homes (in the second phase) and find that there is still demand for houses, only then will we consider the third phase,” Ng explains.

He adds that he is confident of completing construction of the second phase well ahead of its 24-month schedule.

“We expect to complete construction in 14 months. We are also providing our customers with a 36-month defect liability period rather than just the 24 months offered by most developers,” he says.

The homes at Jelutong Heights come with 5+1 bedrooms, 4 bathrooms and a porch spacious enough to accommodate three vehicles. Buyers are also provided free maintenance for the first three years.

Jelutong Heights is accessible via the Federal Highway, Guthrie Corridor Expressway and Shah Alam-Batu Arang Highway.

rizalhakim

December 30th, 2008, 08:45 AM

RM700m SPNB housing boost to start January
by Ellina Badri
Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Syarikat Perumahan Negara Bhd (SPNB), a Ministry of Finance-incorporated company, will spend RM700 million starting next month to build homes in a bid to help spur economic activities.

SPNB managing director Datuk Mohd Amin Mohd Salleh said the money would be used to build low- and medium-cost houses as well as to rehabilitate housing projects abandoned by private developers.

The RM700 million has been allocated under the government’s RM7 billion economic stimulus package which was unveiled in November.

“We will start building in January, and all the money is to be spent in 2009 to help boost the economy,” Mohd Amin told The Edge Financial Daily.

He said of the amount, RM200 million will go towards SPNB’s Rumah Mesra Rakyat (RMR) scheme, RM300 million to its Rumah Mampu Milik (RMM) scheme and RM200 million for the rehabilitation of abandoned housing projects, which would see a total of 43,000 units being built or rehabilitated.

The RMR scheme, open to all buyers, offers homes priced from RM35,000, while the RMM is a house ownership scheme for the lower-income group, such as fishermen and farmers. Under this scheme, one-third of the cost to build a house will come from the government’s Special Fund while the buyer pays the balance.

SPNB was established in August 1997 mainly to take over property projects abandoned during the Asian financial crisis. It has since ventured into building affordable homes, particularly for those in the lower-income group.

In view of the economic slowdown, the government has allocated RM1.2 billion for the development of low- and medium-cost houses, with SPNB, and the ministries of housing and local government, and rural development given the mandate to manage the projects.

Mohd Amin said although the economic downturn had affected SPNB’s sales momentum, demand for its houses was expected to remain strong.

“We found that the demand for houses priced below RM150,000 is still strong. However, the difficulty in obtaining loans from end-financiers has, to a certain degree, affected the sales momentum, especially from August.

“At present, for every 10 sales obtained, only five can be concluded, that is, their loans are approved,” he said.

On the possibility that the units built by SPNB might result in a supply overhang, Mohd Amin said this was not a concern as there was still strong demand for affordable housing.

He said SPNB was, however, concerned about banks tightening credit as purchasers might not be able to get loans.

He said the company was working closely with Syarikat Jaminan Kredit Perumahan Bhd to ensure the line of credit would continue for would-be buyers.

SPNB would also increase incentives for purchasers, such as decreasing the deposit to RM500 from RM1,000 and waiving fees, such as legal fees, Mohd Amin said.

Apart from projects under the economic pump-priming, the company would continue with its other housing projects.

“In 2009, SPNB is anticipated to launch another 23 projects all over the country, offering an additional 10,086 units, targeting sales of 7,561 units with a total sales value of RM500 million,” he said.

Mohd Amin said to-date, the company had made estimated total sales of RM600 million.

With consumers expected to hold back on big-ticket purchases, he said SPNB would try its best to maintain its below-market pricing for its houses.

Without giving figures, Mohd Amin said SPNB would sustain its profitability going forward. However, he added that these were “thin” profits used mainly to cover overheads and marketing expenses.

rizalhakim

December 31st, 2008, 07:32 AM

Bayu ferringi

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http://www.bayuferringhi.com/images/SemiD_perpB.jpg

http://www.bayuferringhi.com/images/SemiD_perpC.jpg

http://www.bayuferringhi.com

rizalhakim

January 2nd, 2009, 10:24 AM

Masgenuine yakin jual hartanah RM100 juta

Oleh Daliza Ariffin

http://www.utusan.com.my/pix/2009/0102/Utusan_Malaysia/Korporat/ko_01.1.jpg
Nor Hasnal Hashmi yakin pembangunan hartanah Masgenuine akan mendapat sambutan yang baik.

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SUNGAI BULOH 1 Jan. - Masgenuine Holdings (M) Sdn. Bhd. (Masgenuine), pemaju hartanah rizab Melayu optimis untuk menjual kesemua hartanah bernilai hampir RM100 juta yang akan dibangunkan pada tahun ini meskipun bakal menghadapi persekitaran ekonomi yang sukar.

Pengarah Urusannya, Nor Hasnal Hashmi berkata, lebih mencabar lagi, jualan hartanah tersebut hanya disasarkan kepada golongan bumiputera memandangkan ia dibangunkan di atas tanah rizab Melayu.

''Namun, kami yakin akan dapat menjual kesemua projek yang akan dibangunkan itu kerana kami memiliki pengalaman lebih daripada 15 tahun dalam bidang ini dan projek itu berpotensi kerana lokasinya strategik,'' katanya kepada Utusan Malaysia ketika ditemui di pejabatnya, di sini baru-baru ini.

Nor Hasnal berkata, projek terbaru Masgenuine adalah membangunkan sebanyak 32 unit rumah berkembar dua setengah tingkat di Pinggiran Rahman Putra, di sini yang membabitkan kawasan seluas dua hektar dengan nilai pembangunan kasar sebanyak RM20 juta.

Projek keduanya akan dilancarkan pada suku pertama tahun depan pula membabitkan pembangunan 20 unit banglo dua tingkat dan 26 unit rumah berkembar satu tingkat yang terletak dalam kawasan seluas 3.2 hektar di Sungai Pusu, Gombak, Selangor.

Nilai pembangunan kasar projek yang terletak berdekatan dengan Universiti Islam Antarabangsa (UIA) itu adalah kira-kira RM50 juta hingga RM70 juta.

Jelasnya, kesemua projek berkenaan terletak di dalam kawasan tanah rizab Melayu yang terbiar dan syarikat telah membeli dan membangunkannya bagi meningkatkan lagi nilai tanah berkenaan.

Mengulas mengenai projek sulungnya, Nor Hasnal menerangkan, Masgenuine telah menyiapkan projek membangunkan 32 buah rumah kedai di Pinggiran Rahman Putra, di sini dengan nilai pembangunan kasar sebanyak RM32 juta.

''Kesemua lot-lot tersebut telah habis dijual dan kami amat berbangga kerana ini satu pencapaian yang baik kerana ia melibatkan pembeli daripada golongan bumiputera sahaja,'' ujarnya.

Selain itu, projek terbarunya pada tahun depan adalah cadangan menjalinkan kerjasama dengan Koperasi Muslimin untuk membangunkan tanah rizab Melayu dalam daerah Gombak seluas 1.6 hektar untuk dijual semula kepada ahli koperasi tersebut.

Ini bertujuan memberi peluang kepada mereka yang bercadang untuk memiliki lot tanah yang luas dengan harga yang berpatutan di samping memperolehi pembiayaan mudah daripada koperasi berkenaan.

Terang beliau, projek itu menawarkan 47 unit lot tanah.

''Ia ditujukan kepada ahli Koperasi Muslimin yang terdiri daripada kakitangan kerajaan dan pembayaran pinjaman koperasi akan dibuat menerusi potongan gaji.

''Melalui lot tanah itu, mereka akan membangunkan rumah mengikut keperluan dan cita rasa masing-masing.'' jelasnya.

Nor Hasnal berkata, pelaburan syarikat untuk membeli tanah rizab Melayu dan menyediakan infrastruktur di kawasan berkenaan adalah kira-kira RM1 juta hingga RM1.5 juta.

''Kami berharap sekiranya ada lagi koperasi lain yang berminat untuk menyertai projek hartanah seperti ini, maka mereka bolehlah berbincang dengan syarikat,'' jelasnya.

Sementara itu, Nor Hasnal berkata, Masgenuine boleh membantu mana-mana individu yang masih 'terjerat' dengan masalah dalaman berkaitan tanah rizab Melayu tetapi bercadang untuk menjualnya.

''Kami bersedia membantu mereka menyelesaikan pelbagai masalah dalaman berkaitan tanah rizab Melayu yang dimiliki dengan segala kos berkaitannya akan ditanggung oleh syarikat.

''Setelah semuanya selesai, kami akan membeli tanah berkenaan pada harga pasaran dan kami amat menggalakkan sekiranya tanah tersebut dapat dibangunkan secara usahasama dengan Masgenuine,'' ujarnya.

Menurut kajian syarikat, Hasnal berkata, terdapat lebih daripada 400 hektar tanah rizab Melayu berpotensi untuk dibangunkan di sekitar Lembah Kelang.

rizalhakim

January 6th, 2009, 06:47 AM

Pembeli kecewa pemaju mungkir janji
Oleh Johan Afandi
johan@bharian.com.my

JOHOR BAHRU: Impian segelintir pembeli kediaman di JP Perdana di sini untuk berpindah ke kawasan perumahan mereka awal tahun ini, masih pudar berikutan pemaju didakwa akan melanjutkan tempoh masa menyiapkan projek selama enam bulan sehingga setahun.

Seorang pembeli, Wahida Othman, 35, berkata ratusan pembeli kediaman di projek perumahan itu kecewa apabila pemaju mungkir janji apabila gagal menyiapkan rumah mengikut jadual.

Katanya, projek rumah teres dua tingkat berharga antara RM160,000 dan RM280,000 setiap satu unit dilancarkan pada 2005 dan sepatutnya disiapkan dalam tempoh setahun selepas perjanjian jual beli ditandatangani.

Wahida berkata, projek itu bukan saja terbengkalai, malah menimbulkan pelbagai kesulitan di kalangan pembeli unit kediaman.

“Pembeli hilang sabar kerana selain terpaksa menyewa rumah, mereka juga membayar ansuran bulanan dengan institusi kewangan antara RM800 hingga RM1,000 sebulan sejak 2006.

"Misalnya, bagi keluarga saya, kos menyewa mencecah RM600 sebulan, manakala ansuran bulanan yang perlu dibayar pula RM800 sehingga mengakibatkan beban kewangan kami bertambah,” katanya.

Seorang lagi pembeli, Sazlina Abdul Samad, 26, berkata bukan saja rumah yang diharapkan tidak dapat diduduki, malah struktur rumah di sesetengah fasa projek dibangunkan di tapak berkenaan juga hanya siap 50 peratus.

Beliau berkata, pihaknya sudah beberapa kali bertanya kepada pemaju tetapi kakitangan syarikat itu memberikan pelbagai alasan tidak munasabah .

Katanya, pembeli menjangka projek itu akan disiapkan pada awal tahun ini, namun tindakan pemaju menangguhkan tempoh selama beberapa bulan menimbulkan tekanan.

rizalhakim

January 7th, 2009, 03:33 AM

High-end landed property still in demand

Property developer Mah Sing Group Bhd group president and chief executive Datuk Seri Leong Hoy Kum gives his views on the future direction of the company and the outlook for the industry

WHAT are some project launches that can be expected from Mah Sing in the coming months?

We believe this year will see continued demand for medium- to high-end landed products and we have planned our launches accordingly.

For example, we will have Garden Bungalows in Hijauan Residence and designer bungalows in the re-branded One Legenda in Cheras.

The 30 Garden Bungalows come with a land size of 45’x80’ and a built-up area of about 3,407 sq ft and will be priced from RM1.1mil per unit.

One Legenda will offer only 26 limited-edition bungalows with a generous land size of more than 8,000 sq ft and a built-up area of about 5,000 sq ft. They will be priced from RM2.5mil each.

Datuk Seri Leong Hoy Kum

Kemuning Residence in Shah Alam is reaching completion and there will be a few last bungalows which we are offering on a build-and-sell concept.

We will also continue to launch semi-detached houses and bungalows in Aman Perdana, where the take-up rate has been very good.

For our commercial projects, we are optimistic about Southgate Commercial Centre which has done very well, with 90% of Vivo and 80% of Vox & Vertex blocks sold at about RM1,100 per sq ft (psf) for retail and RM550 psf for office suites.

We will also launch our new project, StarParc Point, a freehold commercial project in Setapak directly opposite the upcoming Parkson.

In Penang, we are offering medium- to high-end homes with Residence @Southbay, where there will be some 288 super-link homes with land size from 22’x75’ and built-up from about 3,000 sq ft, priced from RM755,000.

We also have 88 resort bungalows in Legenda @Southbay, which offers land size from 5,000 sq ft to more than 10,000 sq ft, as well as built-up areas of 3,800 to 8,000 sq ft.

These bungalows are priced from RM2mil to RM5mil.

In Johor, we plan to launch more phases in Sierra Perdana and Sri Pulai Perdana 2. Sierra Perdana is enjoying more visibility now as the construction of the upgraded six-lane coastal highway, which will cut through Sierra Perdana, has reached an advanced stage.

With the highway, we are only a few minutes to Permas Jaya and Johor Baru city centre. Sri Pulai Perdana 2 will ride on the success of Sri Pulai Perdana and the spill-over demand from this matured township where UTM is one of the key attractions for people moving into this area.

In your opinion, how has the global financial meltdown impacted the performance of the local property market?

We can still see transactions, albeit at a slower pace, as the medium- to high- end segment has a pool of buyers who are higher income earners. These people have a wider savings/expense ratio, and generally look to invest their excess funds in properties as there are limited investment options right now.

What is the impact on the company’s property sales and new project launches?

We achieved RM367mil in sales in the first nine months of 2008, against our sales target of RM450mil for the year. During the period, we launched properties worth RM399mil against our 2008 target of RM484mil.

For 2009, we are looking to maintain our sales and launch numbers. Besides that, we have pre-constructed projects worth some RM282mil for sale and launch, which will allow us to ride out these challenging times.

How is Mah Sing riding out the current property market slowdown?

Our balance sheet is very healthy with RM143mil cash as at Sept 30. We shall receive an additional RM213mil this year when our The Icon project at Jalan Tun Razak is completed by June.

We still have about RM3.9bil in outstanding gross development value and unbilled sales to last us for the next five years, of which RM282mil is pre-constructed products locked in at old construction costs. Our strong research and development, unique business model of quick turnaround and the right product mix have put us in a better position to ride through these challenges.

What is your outlook for the local property market in the next 12 months?

We expect the medium- to high-end landed property segment to continue to yield decent long-term positive capital appreciation going forward.

rizalhakim

January 10th, 2009, 03:25 AM

RM200mil projects lined up
By ANGIE NG

OSK Property targets RM120mil-RM130mil sales

OSK Property Holdings Bhd has lined up a few residential property and commercial projects worth RM200mil for launch in the Klang Valley, Seremban and Sungei Petani this year.

For the current financial year ending Dec 31, the company hopes to clinch sales of between RM120mil and RM130mil. Last year, it launched RM180mil worth of properties and recorded sales of RM153mil.

OSK Property executive director and chief operating officer Gerard Tan says that amid the current market slowdown, house buyers comprise mainly owner occupiers who are looking to upgrade into more prestigious addresses. “Developers have lowered their profit margin from 25% to 30% previously to about 20% now and it is certainly a good time to buy property for their good value. The onus is on developers to ensure their projects are properly planned and meet the needs of the buyers,” he tells StarBizweek.

OSK Property’s latest project in the Klang Valley is the 100-acre Sutera Damansara in Bandar Sri Damansara, Petaling Jaya. Scheduled for launch around March for completion in seven years, the project comprises 617 landed residences, 936 apartments and 24 shop houses with a total gross development value (GDV) of RM800mil. Tan says only 80 acres of the 100-acre project will be developed initially and the remaining 20 acres, for high-rise dwellings, will be undertaken after five years.

The initial phase will comprise terrace houses of around 2,305 sq ft priced from RM478,000. Since the project’s soft launch last month, RM52mil sales have been recorded.

In Kuala Lumpur, OSK Property is looking to launch a high-end condominium project in Jalan Yap Kwan Seng in October. The 108 condominiums, ranging from 703 sq ft to 4,152 sq ft, would be priced from RM1,000 per sq ft. The project with GDV of RM150mil is targeted for completion in three years.

The company also owns a 0.65-acre plot in Jalan Raja Abdullah and hopes to tie up with the adjoining land owner to develop the land into a condominium project later this year.

Tan says the company’s 12-acre plot in Bangi will be developed into 74 units of 2- and 2½-storey Bangi Lake Hill Villa. The building plans for the project have been approved and it will be launched in May. The units will be priced from RM880,000 to RM1mil.

In Seremban, the Mont Jade residential enclave comprising 243 semi-detached houses and bungalows will be launched in March.

The semi-detached houses will be priced from RM450,000 and bungalows from RM500,000.

OSK Property’s joint venture with Menang Development Sdn Bhd to develop 80 acres in Seremban 3 is at its tail end with a total of 547 units built to-date and another 147 units remaining units.

In Sungei Petani, the company has completed half of the 2,500 acres of land it owns in Bandar Puteri Jaya. A total 25.000 housing units worth a GDV of RM1bil have been completed. The balance RM1bil in property units will be undertaken over the next five years.

Meanwhile, on the company’s plans for Atria Damansara in Damansara Jaya, Tan said: “Our plan is to redevelop the property into a more upmarket retail and commercial destination for Petaling Jaya folks. The modern shopping mall will have gross lettable area of 1.3 milion sq ft and also some low-rise shop offices.

“The development order has been obtained last year and the redevelopment is expected to kick off late next year. The potential GDV of some RM1bil will be realised by 2012,” he adds.

Last February, OSK Property sealed the deal to purchase Atria Damansara shopping complex located on 5.48 acres for RM75mil.

Currently some 68% of the space in the complex have been leased out for a monthly rental income of more than RM8mil.

“We will retain some of the property for lease to generate recurring income while the rest will be for sale. The oroject is expected to revive the vibrancy of the Damansara Jaya commercial area into a more happening destination,” Tan says.

Mr_Dru

January 11th, 2009, 12:29 PM

Nice architecture

rizalhakim

January 12th, 2009, 04:15 AM

Metro Kajang plans RM1.6b projects
By Rupinder Singh Published: 2009/01/12

METRO Kajang Holdings Bhd (6114) plans to launch at least three new projects with a gross development value (GDV) of RM1.6 billion this year.

Group managing director Datuk Eddy Chen Lok Loi said the company will focus on the medium-to-high-end properties that are resilient even in recession.

The company is the biggest property developer in Kajang and Semenyih and is keen to strengthen its position.

It bought a 110ha of prime freehold land close to the Kajang town centre for a mixed development project. The land will be turned into a high-end integrated township with a GDV of RM1.4 billion.
"This new township project will have six phases and will keep us busy over the next eight years," Chen told reporters after receiving the QLASSIC award for quality construction from the Construction Industry Development Board Malaysia in Semenyih on Saturday.

Metro Kajang will launch a new housing project in June this year, spread over 47.2ha in Bandar Teknologi Kajang.

The gated and guarded community will comprise 500 units of landed properties with a GDV of over RM100 million.

It also hopes to launch semi-detached homes and bungalows at its Sentosa Villas project The total GDV for the Sentosa Vilas project will come to RM83 million when combined with the launched three-storey link houses.

Plans to build 523 units of serviced apartment at Desa Melawati worth RM140 million project are also put on hold.

"We will assess the economic situation first before deciding to launch the project," Chen said.

Nevertheless, Chen is optimistic on the property market and is scouting for more land.

At present, the company holds 200ha of undeveloped land in the Klang Valley.

On the award, Chen said Metro Kajang will not cut corners in its projects although the economic condition may be tough.

rizalhakim

January 12th, 2009, 08:34 AM

Temasek labur RM850j projek hartanah

KUALA LUMPUR 11 Jan. - Temasek Gains Sdn. Bhd. (Temasek), syarikat pemaju milik bumiputera akan memulakan pembinaan rumah kos sederhana dan kolej berjumlah RM850 juta di Melaka, Langkawi dan Negeri Sembilan.

Pengerusi Eksekutif dan Ketua Pegawai Eksekutifnya, Datuk Seri Shamsudin Md. Saad berkata, syarikat tersebut memberikan tumpuan terhadap projek-projek sedemikian dengan mengambil kira keadaan semasa.

''Berbanding hartanah yang bernilai tinggi, rumah kediaman kos sederhana atau lain-lain jenis rumah mampu milik lebih senang dijual pada waktu ini. Sebab itu kami juga tidak terlalu menumpukan kerja-kerja pembinaan pada produk bernilai tinggi,'' katanya kepada Utusan Malaysia baru-baru ini.

Jelasnya, pembinaan di Melaka membabitkan 90 unit rumah banglo berkos sederhana yang berjumlah RM70 juta yang akan dimulakan pada Februari ini dan dijangka siap pada tahun 2011.

Di Langkawi pula, Shamsudin memberitahu, pembinaan akan membabitkan empat fasa di atas kawasan seluas 202.34 hektar.

Fasa pertama melibatkan pembinaan membabitkan pembinaan sebanyak 256 unit rumah mampu milik bernilai RM80 juta manakala fasa kedua pula merupakan pembinaan Kolej Asasi Universiti Teknologi Mara (UiTM) yang terletak berhampiran lapangan terbang.

Fasa ketiga dan keempat pula akan membabitkan pembinaan rumah kediaman kos sederhana dan bernilai tinggi bagi pasaran tempatan serta Program Malaysia Rumah Kedua Ku (MM2H).

Projek pembangunan di Langkawi ini akan mengambil masa tiga tahun dan dijangka siap sepenuhnya pada tahun 2012.

Selain daripada kolej asasi itu, syarikat pembinaan itu juga bakal membina sebuah lagi kolej di Sendayan, Negeri Sembilan.

Institut Teknikal Korea-Malaysia (KMTI) bernilai RM300 juta di atas tanah seluas 50 ekar itu hanya menunggu kelulusan Inisiatif Pembiayaan Swasta (PFI) daripada Kementerian Kewangan dan kerja-kerja pembinaan akan dimulakan sebaik sahaja kelulusan diterima.

rizalhakim

January 13th, 2009, 08:39 AM

new luxury project
bluwater estate.
http://www.bluwater.com.my/

rizalhakim

January 14th, 2009, 06:04 AM

'Don't let greed develop'
Dawn Chan and Noel Achariam

Residents want Bukit Gasing to be preserved.

http://www.nst.com.my/Streets/Wednesday/Stories/2452247/insidepix1
KUALA LUMPUR: The greed of a few must never supercede the interest of the public.

This was the strong statement by environmental lawyer Derek Fernandez at a recent public hearing on the KL Draft Plan 2020 for residents of Bukit Gasing, Pantai Panorama Condominium Management Corporation and Pantai Hillpark.

The residents' associations of the three areas are calling for the draft plan to be scrapped as they claimed that it was fundamentally flawed.

Representing the residents of Bukit Gasing, Fernandez told the hearing that the proposal to develop a large part of Bukit Gasing as stated in the draft plan would result in a clear and present danger to public safety and sustainable development.

The public hearing committee was chaired by Datin Paduka Dr Halimaton Saadiah Hashim, a principal fellow with the Institute of Environment and Development of Universiti Kebangsaan Malaysia.

Fernandez pointed out that the Selangor-gazetted Bukit Gasing Forest Park would be destroyed by the proposed development, and the animals in the forest, such as squirrels, monkeys and snakes, would be forced into a tiny area and ultimately ending up in people's homes.

"If development is to take place in the area, there will be irreparable damage. This is an environmentally sensitive area.

"There will be widespread flooding in the lower areas and landslides because of hill cutting. The geology for Bukit Gasing is also unsuitable for development," added Fernandez.

He pointed out that the Kuala Lumpur Structure Plan 2020 had set aside the Kuala Lumpur side of Bukit Gasing as a green area.

"It should be noted that under the Kuala Lumpur Structure Plan 2020, Kuala Lumpur has only 6.5 per cent of open space which is way short of the minimum 10 per cent public open space required for sustainable development.

"This figure of 6.5 per cent is inclusive of the 116ha in Bukit Gasing," he said, adding that under the draft plan, half of the Bukit Gasing area had been earmarked for development.

Derek said the draft plan was also in direct violation of the National Physical Plan.

"The greed of a few to live in luxury bungalows with hilltop views or those who seek to profit from cutting hills and destroying these areas can never be allowed to override the public interest in preserving these areas for future generations.

"Such plans must be rejected and a commission of inquiry should be instituted to investigate whether there had been any abuse of power in the development of Kuala Lumpur, the alienation of land in Kuala Lumpur, especially in the green areas, and the basis of the preparation of the KL Draft Plan."

The hearing also heard objections from Pantai Panorama Condominium Management Corporation and Pantai Hillpark residents association. They represented more than 8,000 residents in the two areas who are against the Pantai Peak project which will take place on the Kuala Lumpur side of Bukit Gasing.

Pantai Panorama Condominium management corporation representative Danny Ng said that the Pantai Peak project, which is a collaboration between City Hall and YTL, would have an adverse environmental impact on the surrounding residents in both the short and long term.

Ng said in less than three years, there will be dust and noise pollution from the development of Pantai Peak, planned as a gated community of more than 200 luxury semi-detached homes and bungalows.

"Most importantly, the residents' health will deteriorate due to the reduction of green lungs. City Hall has a moral obligation to protect the interest of its residents. In this case, it has failed miserably by forging a joint-venture with YTL to develop Pantai Peak," he said.

Other issues Ng highlighted included the traffic congestion in the area which he said would worsen as the existing road network was insufficient to support additional development.

"Current development projects such as Pantai Avenue and Bangsar South are already causing significant congestion and once they are completed, the congestion will only get worse. Any additional development in the area will cause further mayhem," said Ng.

Ng pointed out that it was vital to take into consideration the constant flash floods and minor landslides in Jalan Bukit Angkasa and the New Pantai Expressway. There have also been landslips in front of Pantai Hillpark and the fringes of Pantai Panorama Condominium.

rizalhakim

January 14th, 2009, 08:45 AM

Daiman Development undeterred
By Racheal Lee Mei Nyee
Email us your feedback at fd@bizedge.com

While other property developers may have delayed their development projects or product launches in view of the global financial crisis, Daiman Development Bhd decided to go ahead with some of its launches for 2009 but on a smaller scale by offering only a limited number of units for sale.
The Johor-based developer has all its projects in the southern region of the state. Its general manager Siah Chin Leong tells City & Country that Daiman, like other developers, is taking a cautious approach in its sales and marketing strategy.
The developer hopes to initiate new products in both its Taman Gaya and Taman Daiman Jaya projects in Johor by mid-2009, depending on how the economic situation turns out in the next couple of months. "This time, we will launch only a few units instead of all the units available. We will open the remaining units if the response is good," says Siah.
Taman Gaya, which is about 13km from Johor Baru, is a freehold 459-acre residential area along the Tebrau corridor within the Iskandar Development Region (IDR). Taman Gaya has a total gross development value (GDV) of RM34.8 million, and Daiman plans to build 87 units of 2-storey cluster houses. However, Siah says the company intends to initially offer only 59 units, which has a built-up of between 2,347 sq ft and 2,467 sq ft each, at about RM170 psf.
"Four years ago, we launched 128 units of 2-storey cluster houses in a gated and guarded enclave here. They have all been completed and the response has been positive, with only 14 units left. But with the current financial turmoil, we have to be cautious about our next launch," adds Siah.
The developer also sees good response from the shop offices in the residential area. Out of 118 units launched in 2007, only eight remain unsold.
To date, Daiman has launched 2-storey terraced houses of different built-up sizes, 1-storey terraced homes and low medium-cost flats in Taman Gaya.
Besides the cluster houses, also in the works are some 76 units of 2-storey semi-detached houses with a total GDV of RM41.8 million. Similarly, the developer does not intend to put up all the semidees for sale during its scheduled launch in 1H2009. Instead it plans to put on the market only 26 units with a built-up of 3,039 sq ft at an indicative price of RM181 psf.
According to Siah, most of its customers are locals buying the houses for their own use and that Daiman has not been affected when the neighbouring Singapore fell into technical recession in October.
Over in the 950-acre integrated township of Taman Daiman Jaya in Kota Tinggi, the developer plans to launch 2-storey cluster houses with a built-up of 2,150 sq ft although it has yet to decide on the selling price.
Meanwhile, Daiman is constructing a commercial building for lease to Econsave Supermarket in the Taman Daiman Jaya township. Expected to be completed next year, the building has a net lettable area of more than 70,000 sq ft.
Although sales have currently slowed down, earlier residential launches in Taman Daiman Jaya had received good response. "We launched some 120 units of single-storey terraced houses for a total GDV of RM20 million in Taman Daiman Jaya in June 2008. The houses, with a built-up area of 1,212 sq ft, were priced at about RM148,000 for each intermediate lot," says Siah.
"The response was very good and some 60% to 70% have been sold. Three months later, we launched another 40 units of 1-storey terraced houses at a higher price of RM158,000 due to the higher cost of construction. Sales slowed down following the higher selling price," adds Siah.
Some 60 units of shop offices launched in Taman Daiman Jaya early 2008 have also received positive response. Out of the 38 non-bumiputera units, 26 units have been sold. The shop offices have a total GDV of RM25.5 million. An intermediate lot has a built-up of 3,840 sq ft and is priced at RM104 psf or RM398,000 per unit.
Daiman has a total land bank of over 2,500 acres, with a GDV valued at RM1.8 billion, in Taman Gaya, Taman Daiman Jaya, Taman Perindustrian Murni, Taman Johor Jaya, Taman Senai Utama and Taman Sri Senai, in which some commercial land parcels in these housing estates are available for lease or sale.
Daiman is also a developer of factories and the company plans to build another six units of 1½-storey semi-detached factories with a total GDV of RM8.7 million in Taman Perindustrian Murni Senai, which is also within the IDR. Daiman sold three out of four units of semi-detached factories launched there. Each new factory unit, with a built-up of 8,815 sq ft, will be priced from RM165 psf.

Cash-rich developer
Cash flow is crucial for developers to get through this tough period. Nevertheless, Daiman is looking for acquisition opportunities. "We are careful in reading the economic data. We need to look at employment rates, the economy and other issues before we move on," says Siah.
"We have the cash and this is a good time for acquisitions. We are basically open to anything, be it properties or land. We are looking for investments in both local and overseas markets," adds Siah. As at Sept 30 last year, Daiman had a total cash pile of RM105.96 million and some RM109 million worth of investments.
"It was reported that there may be a 5% drop in property prices in general and 10% at some locations and in certain segments. Our margins may be eaten up, but we will wait and see what will happen this year," says Siah.

Venturing into Australia
Daiman is eyeing the overseas market for more development opportunities. Siah says the company has already made inroads into Perth, Australia, after it acquired a piece of land along Lockhart Street there last year, through its wholly-owned overseas subsidiary Caversham Universal Ltd. The developer is still looking to acquire good landbank or investments in Perth.
"We wanted to go into Australia and it so happened that there was such an opportunity for us in Perth," says Siah.
He, nevertheless, declined to elaborate on the project as the developer is still working on the development plan of the land.
In the second quarter of last year, Caversham Universal bought some 437,500 shares, or a 70% stake in CNES Property Pty Ltd for USD410,944 (RM1.3 million based on the exchange rate of RM3.153 per USD).
CNES was incorporated in Australia on Feb 6 last year and its principal activity is property development.

rizalhakim

January 14th, 2009, 10:01 AM

D’Banyan Residency @ Sutera, Kota Kinabalu Sabah

The five-star community of d’ Banyan Residency @ Sutera, offering private, resort-style homes around a championship golf course, is a new development from Camellia Tropicana Sdn Bhd, a member of WCT Group. d’ Banyan Residency @ Sutera, located in the heart of Sutera Harbour is set to become the benchmark for prestigious luxury living with a touch of class in Kota Kinabalu City. Strategically located five mins from Kota Kinabalu City and 10 mins from the Kota Kinabalu International Airport, the project comprises 122 luxury homes made up of 3-storey Detached Villa, 2½ Storey Semi-Detached Villa and 2 Storey Superlink Villa in contemporary designs. The Semi-Detached Villa and Superlink Villa show houses are now open for viewing.

FACTS:
Project name: d’ Banyan Residency @ Sutera, Kota Kinabalu Sabah Malaysia
Developer: Camellia Tropicana Sdn Bhd (Co. No. 712359-P)
Product type: Villas
Location: Sutera Harbour, Kota Kinabalu Sabah Malaysia
Launch date: December 2007
Expected completion date: Early 2010
Tenure: 99 years
Total land area: 21.5 Acres
Number of units/villas: 122 units
Plot area range: 3,400 sf to 17,800 sf
Unit sizes/built-up area range: 4,350 sf to 6,700 sf
Price range: RM1.5 million to RM3.9 million
Architect: MKiandee Architect
Interior design: Simplex Design Sdn Bhd
Landscape architect: Perunding Lanskap ABD
Property management: Yet to appoint
Average monthly maintenance fees: RM0.07 p.s.f monthly based on the land area of the unit.

Sales Office contact details:
Camellia Tropicana Sdn Bhd, Lot 87, Lorong d’ Banyan 2, d’ Banyan Residency @ Sutera
Jalan Utama Sutera Harbour, 88100 Kota Kinabalu, Sabah.
Tel: +6 088 – 312 333
Fax: +6 088 – 312 108
www.wct.com.my
Mr. Sik: +6 016 – 661 2361, e: kian-chung.sik@wct.com.my
Kenson: +6 016 – 207 0226, e: kenson.vo@wct.com.my
Monica: +6 016 – 661 5593, e: monica.chung@wct.com.my

rizalhakim

January 14th, 2009, 10:05 AM

Schematic - Resort-residences in Sabah and Serawak

Often associated with its lush rainforests thriving with a diverse fauna and flora variety, Malaysia’s Sabah and Serawak are slowly making headway in the high-end luxury residential market with several resort-residences mushrooming over the past few years. Get ready to embrace nature whilst living it up in some of the best resort-residences that are currently available in the market.

d’Banyan Residency @ Sutera
The five-star community of d’ Banyan Residency @ Sutera, offering private, resort-style homes around a championship golf course, is a new development from Camellia Tropicana Sdn Bhd. A member of WCT Group, d’ Banyan Residency @ Sutera is located in the heart of Sutera Harbour and is set to become the benchmark for prestigious luxury living with a touch of class in Kota Kinabalu City. Strategically located five minutes from Kota Kinabalu City and 10 minutes from the Kota Kinabalu International Airport, the project comprises 122 luxury homes, made up of 3-storey Detached Villa, 2½ Storey Semi-Detached Villa and 2 Storey Superlink Villa in contemporary designs. The Semi-Detached Villa and Superlink Villa show houses are now open for viewing.

Price: RM1.5 million to RM3.9 million
www.wct.com.my

Borneo Highlands Resort
Set amidst pristine rainforest in the unspoilt Penrissen Highlands of Borneo, the Borneo Highlands Resort offers a resort lifestyle unmatched in the region. Not only is the resort a private golf and spa retreat, it is also a unique residential development. Being a secluded yet accessible mountain top hideaway, located in the world’s oldest and second largest tropical rainforest, the development provides residents the perfect blend of nature along with luxury living. Borneo Highlands “Rainforest Haven” currently offers four phases of bungalow lots development for sale, namely Borneo Forest (Phase 1), Golf Forest (Phase 2), Hornbill Forest (Phase 3), and the Swan Lake Forest (Phase 4).

Price: The size of the bungalow lots varies from 6,000 to 68,500 square feet and priced from RM72 to RM200 per square foot, depending on the orientation and natural terrain of the lots.

www.borneohighlands.com.my

Nexus Residences
Situated 30km north east of Kota Kinabalu, Sabah, Malaysia (Borneo), the Nexus Residences lies on an unrivalled surroundings tucked on a peaceful peninsular with a 6km white sandy beach, a lagoon, and a million year old rainforest poised as its majestic backdrop. The lavish beachfront villas overlook the South China Sea and serviced by the award winning five-star Nexus Resort. Property owner will also have the privilege of enjoying the 18-hole championship Karambunai golf course, the Borneo Spa, eight food and beverage outlets and a Nature Park just walking distance from the residential area.

Price: From RM800,000 to RM1.5 million.
www.nexusresidence.com

Sutera Harbour Resort
Sutera Harbour Resort, strategically showcased on the shores of South China Sea, is located
10 minutes from the Kota Kinabalu International Airport and five minutes to the city centre.
This 384 acres of five-star heaven houses The Magellan Sutera and The Pacific Sutera hotels
and Sutera Harbour Marina, Golf & Country Club comprising of a 27-hole golf course, 104-berth marina, spas, recreational facilities, bowling alley and a movie theatre. Sutera Harbour is affiliated to Sutera Sanctuary Lodges which include the Kinabalu Park, Laban Rata, Mesilau Nature Resort, Poring Hot Spring & Nature Reserve and Manukan Island Resort.

Price: On application
www.suteraharbour.com.my

Sinar Serapi Resort Homes.
Sinar Serapi Resort Homes is located 12 km from Kuching City. It is the first of its kind development to present an exclusive gated and guarded residences that are unconventionally designed to be exceedingly attractive and instantly liveable. In other words, completely designed homes with quality, aesthetics, convenience and affordability - all put together under one roof. Besides normal facilities, other special features offered are windsurfing, water skiing, buggy, jogging, cycling & security track, kayaking lake and an orchid green tunnel. Only intermediate units available. No corner units left.

Price: From RM488,800 onwards
www.sinarserapi.com.my

Kudat Riviera
Carefully blending the relaxed tranquillity of the Caribbean with the exotic traditions and warmth of Borneo, the Kudat Riviera allows one to experience a deluxe villa lifestyle amongst unspoilt beaches within easy access to the beauty and diversity that Sabah has to offer. Located on a 6km stretch of pristine beachfront on the tip of Borneo, the vision is to create an innovative, environmentally friendly, yet luxurious, new villa destination in the heart of Asia. Hand crafted by artisans, the villas are constructed of natural materials, merbau timbers, coconut wood, untreated stone and alang-alang thatch roofs.

Price: From US$995,000.
www.kudatriviera.com

rizalhakim

January 19th, 2009, 04:49 AM

Pantai Peak is 'low-rise, low density'

http://www.nst.com.my/Streets/Saturday/Stories/2455092/insidepix1
Kampung Kerinchi, Pantai Hillpark and Bukit Gasing are rapidly developing as popular residential areas.

KUALA LUMPUR: The developer of the proposed Pantai Peak project in Pantai Hillpark has given the assurance that the project will be low-density and low-rise.

Edward Lee
This is despite the fact that the site was originally designated for high-rise development, said YTL Land & Development Bhd in a statement.

Its general manager, Edward Lee, said the development was part of the original privatisation project with City Hall in the late '80s.

Lee said the joint venture arrangement in early 1990 was part of City Hall's objective to provide affordable low-cost housing.

"We agreed to deliver, free, low-cost units as part of our social responsibility," he said.

Lee said the Pantai Hillpark project was then conceived and has been developed in phases over the years, with Pantai Peak being the final phase of the development.

"The land for the Pantai Hillpark development was already earmarked for development and cleared by City Hall, even before we started any work," he said.

Lee was responding to a recent article in Streets which had reported that the Pantai Panorama Condominium Management Corporation and Pantai Hillpark residents association had objected to the Pantai Peak project on the Kuala Lumpur side of Bukit Gasing at the public hearing on the KL Draft Plan 2020.

Pantai Panorama Condominium management corporation representative Danny Ng had said that the Pantai Peak project, which is a collaboration between City Hall and YTL, would have an adverse impact on the surrounding environment and the nearby residents in both the short and long term.

Ng had said that in less than three years, there will be dust and noise pollution from the development of Pantai Peak, a proposed gated community of more than 200 luxury semi-detached homes and bungalows.

"Most importantly, the residents' health will deteriorate due to the reduction of green lungs. City Hall has a moral obligation to protect the interest of its residents. In this case, it has failed miserably by forging a joint-venture with YTL to develop Pantai Peak," Ng had said.

Lee said the YTL group had a good track record as seen in its Sentul Urban Revitalisation project, which incorporates a 14-ha park, as well as Lake Edge, Puchong, a low-density and eco-friendly development that had maintained the balance between nature and development.

"The fact that we, as a responsible developer, have specifically changed the Pantai Peak development to a low-density project, is further testimony of our continuous efforts to undertake sustainable development with a view of enhancing the quality of life of residents in the Pantai Hillpark area," he said.

Lee said the company also has:

- Taken initiatives to conduct EIA studies although this was not a requirement at the relevant time

- Continued to take all necessary precautions as may be required by the relevant authorities

- Taken and will take adequate and proper measures, in consultation with our consultants and relevant authorities, to ensure compliance with all legal requirements as well as to minimise any adverse environmental impact, which would include, if appropriate, flood mitigation measures.

rizalhakim

January 19th, 2009, 10:00 AM

New loan plan to drive SP Setia home sales
Published: 2009/01/19

PROPERTY developer SP Setia Bhd is confident of securing more sales this year with the introduction of its new 5:95 home loan package, its group managing director and chief executive officer Tan Sri Liew Kee Sin said today.

The package is expected to attract more buyers despite the economic slowdown as it offers a build-and-sell concept, Liew said.

“We had the soft launch last two weeks ago and the response was very encouraging,” he said.

Speaking to reporters after the launch of the package in Shah Alam, Liew said the concept required buyers to pay only five per cent of the purchase price and the remaining 95 per cent after completion of the property.

Legal fees, and stamp duty are also waived for the consumers under the new loan package, he said.

He added that the loan package will be applicable to all residential properties in the Klang Valley, Johor and Penang for three months starting today. — Bernama

rizalhakim

January 20th, 2009, 03:23 AM

Malaysian property developers throw in perks
By Sharen KaurPublished: 2009/01/20

http://www.btimes.com.my/articles/SPB19f/pix_middle

PROPERTY developers are finding new ways to boost sales as they grapple with a slowing economy and fragile consumer confidence.

OSK Research analyst Mervin Chow said more developers will offer incentives, especially for landed properties, to boost sales.

"There is more competition. So developers will have to do something new to survive. They may offer more giveaways or discounts," he said.

SP Setia Bhd yesterday unveiled a scheme that halves the downpayment on a house to five per cent. Rival Mah Sing Group Bhd is set to follow with its own plan this week.

Group managing director and chief executive officer Tan Sri Liew Kee Sin expects a good reaction to its Setia 5/95 Home Loan package, which is available until April 19.

"We had soft launches recently (at Setia Alam) and the responses have been good. People have money but are shaken a bit. So sales have been slow. There are some cases where buyers cannot get loans. This is why we came up with the 5/95 package to assist them to own a home," Liew said.

Liew was speaking to reporters after launching the 5/95 package with Housing and Local Government Minister Datuk Seri Ong Ka Chuan at the Setia Alam township in Shah Alam, Selangor.

The package requires buyers to make a 5 per cent downpayment on a property with no interest payable during construction. The buyer only starts to service the 95 per cent loan when the property is completed.

The campaign is supported by CIMB Direct Access, Maybank, Public Bank and EON Bank and is applicable to all of SP Setia's residential properties in the Klang Valley, Penang and Johor.

As for Mah Sing, it will launch its easy ownership campaign on Thursday.

Under the campaign, buyers can buy completed semi-detached homes or bungalows with a RM1,000 deposit, and thereafter pay a minimum of RM1,200 a month for the next five years.

They will enjoy an attractive loan interest package from the fifth year, Mah Sing senior manager, corporate communications, Lyanna Tew said.

Last year, Sime Darby Property Bhd (SDP) sold 241 properties worth RM141 million in one month, at its 10 ongoing townships.

Sales were boosted by its Guaranteed Buy Back scheme, which is valid until June 15. Under the scheme, buyers can sell back their properties to SDP with "no question asked".

rizalhakim

January 20th, 2009, 03:28 AM

SP Setia’s latest 5/95 Home Loan package

SHAH ALAM: In the current difficult times, SP Setia Bhd has come up with a scheme to make it easier for buyers to own homes.

And four local banks – Malayan Banking Bhd, Public Bank Bhd, CIMB Bank Bhd and EON Bank Bhd – have committed more than RM1bil to provide financing facilities to the company’s new 5/95 Home Loan Package.

Under the package, buyers need only make a downpayment of 5% and the balance is payable upon completion of the property.

Under the 10:90 variant of the build-then-sell system, buyers have to make a downpayment of 10% of the property cost.

SP Setia group managing director and chief executive officer Tan Sri Liew Kee Sin said: “We want to reassure buyers that bankers are not shying away from lending.”

Minister of Housing and Local Government Datuk Seri Ong Ka Chuan (left) and SP Setia Bhd group managing director and chief executive officer Tan Sri Liew Kee Sin at the launch of Setia 5/95 Home Loan Package on Monday.

Besides the banks’ support, the group also had RM600mil in cash to fund the campaign, he said after the launch of Setia 5/95 Home Loan Package by Housing and Local Government Minister Datuk Seri Ong Ka Chuan yesterday.

The three-month campaign ends on April 19 and is applicable to all SP Setia’s residential properties in the Klang Valley, Johor and Penang.

SP Setia would also bear other entry costs such as legal fees, stamp duty on the sale and purchase agreement and loan agreement as well as memorandum of transfer for purchases under the campaign.

“We believe Malaysians are still looking to buy and have the purchasing power to do so but got shaken a bit by the current market,” Liew said.

He added that the company had received “very encouraging” response from buyers to the promotion it introduced two weeks ago.

Ong said the Government encouraged developers to embark on build-then-sell system.

“As the country faces pressure from the global financial meltdown, Malaysians have become more cautious in spending. By introducing this 5/95 package, I believe SP Setia has managed to work out the right mechanics to offer prospective homeowners an attractive plan that is difficult to ignore,” he said.

However, Ong said the Government could not fully implement the build-then-sell system yet as smaller developers might find difficulty in securing loans from financial institutions to start a housing project.

The Government, he added, would provide incentives including fast-track approval for projects of developers who opted for the concept.

rizalhakim

January 20th, 2009, 07:51 AM

Mah Sing too offers attractive financing scheme

Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Mah Sing Group Bhd yesterday announced a financing programme for its residential and commercial properties, which will run from Jan 21, 2009 to March 31, 2009.

Mah Sing said the scheme would allow buyers to own their dream home by paying just 5% of the purchase price and nothing else until completion of the property. For commercial projects, buyers only need to pay their downpayment to enjoy no further payments until completion of the property.

“This is similar to a New Year angpow for our purchasers, as we believe there are still buyers looking for good properties in prime locations for their own stay or investment,” said its group managing director cum group chief executive Datuk Seri Leong Hoy Kum.

He said the group currently had 16 projects in key property hotspots in Kuala Lumpur, Klang Valley, Johor Bahru and Penang island. Leong said due to their pre-planning and pre-construction, the group had RM282 million pre-constructed projects locked in at pre-material price increase.

As a sweetener, Mah Sing group will absorb the legal fees for the sale and purchase agreement, loan documentation and memorandum of transfer for selected properties.

rizalhakim

January 20th, 2009, 07:51 AM

SP Setia thinks outside the box
by Chong Jin Hun
Email us your feedback at fd@bizedge.com

SHAH ALAM: A tougher business landscape has prompted Malaysia’s most valuable property developer SP Setia Bhd to think outside the box, and take the road less travelled.

The move is deemed pivotal to sustain sales, and convince the investing community of the firm’s resilience in a bearish market.

Speaking to reporters after the launch of SP Setia’s “5/95 Home Loan Package” here yesterday, its group managing director and chief executive officer Tan Sri Liew Kee Sin said the company could maintain its real estate launches in the financial year ending October 2009 (FY09) compared to the previous year, at a time when consumers were tightening their purse strings.

SP Setia’s latest home package, essentially, adopts the build-then-sell concept, a scheme not popularly adopted by the Malaysian real estate fraternity. The package requires buyers to fork out a 5% downpayment of the property price, and, subsequently, service the balance 95% upon completion of the properties.

To further woo buyers, Liew also said the firm planned to maintain prices of its properties, thanks to cheaper building materials, cost savings from which, could be passed down to purchasers.

“Our pricing doesn’t change. We will always be at the forefront in coming out with new ideas,” said Liew.

Housing and Local Government Minister Datuk Seri Ong Ka Chuan, who officiated at the event, said although the home property market was “still soft”, there was still demand for quality real estate at affordable prices.

The local sector is bracing for tougher times in 2009. Analysts said a combination of waning
SP Setia Group MD & CEO Tan Sri Liew Kee Sin (left) and Housing and Local Government Minister Datuk Seri Ong Ka Chuan at the SP Setia 5/95 Home Loan Package launch at the Setia Alam in Shah Alam yesterday.
demand, and intense competition due to a massive supply of properties from aggressive launches in recent years might trigger a downcycle in the local industry.

The threat of inflation is less severe now, thanks to falling crude oil prices which gives more flexibility to policymakers to cut interest rates to boost demand. But the unemployment rate is expected to increase as companies downsize.

SP Setia’s earnings fell in FY08, with net profit dipping 17.9% to RM213.46 million from RM260.07 million a year earlier on lower gross profit margins, partly due to costlier building materials. Revenue, however, rose 15.7% to RM1.33 billion from RM1.15 billion.

In a recent note, OSK Research Sdn Bhd analyst Mervin Chow Yan Hoong said SP Setia’s strength in the higher-end landed properties segment within established areas would help cushion the firm’s earnings amid a downtrend in the property sector which could stretch till 2010.

The stock fell 10 sen or 2.8% to end at RM3.44 yesterday for a market capitalisation of RM3.5 bilion. SP Setia shares have gained 11% this year, surpassing the broader market’s 1.5% rise.

rizalhakim

January 21st, 2009, 03:25 AM

Crisis not slowing down Gamuda projects
By EDY SARIF

KAJANG: Gamuda Bhd’s property arm Gamuda Land Sdn Bhd will continue with its projects despite the softening market.

Managing director Chow Chee Wah said there were enough funds to complete its projects, some of which would be on a long-term basis.

“Based on our experience during the last financial crisis, it is better to finish the projects soon so that when the market is stable, the products are ready for the buyers,” he said.

He said, for example, when the property sector was badly hit during the financial crisis in 1997, Gamuda continued to develop its Kota Kemuning integrated township in Shah Alam. Two years later, when the economy recovered, sales increased as the products were already there.

“When the economy is bad, we can’t just stop the development and wait for the recovery. By then, it may be too late to do sales as buyers want a ready product,” Chow said.

The Kota Kemuning township will be fully developed in three years.

Gamuda Land is also the developer of Bandar Botanic in Klang, Valencia in Sungai Buloh, Jade Hills in Kajang and Horizon Hills in Nusajaya.

It is also developing a condominum project in Jalan Madge, Kuala Lumpur, which is scheduled for completion in three years.

Gamuda Land contributes about 30% to group revenue.

On the results of its first quarter ended Oct 31, Chow said the reduced revenue from the property division was due to the economic slowdown which made buyers more cautious.

“They prefer to wait and see because of the current uncertainty. However, with the Government initiatives and banks now offering attractive housing loans, we hope buyers will regain their confidence,” he said.

He added that based on the cycle of the property market, a recovery could be seen next year.

On Jade Hills, Chow said Gamuda Land would transform the 366 acres into a fully integrated township by 2018.

“About 260 acres are reserved for residential development, including terrace and semi-detached houses and bungalows.

“In total, only 800 houses will be built at Jade Hills, making it a low-density development,” he said.

Located in the fast-growing southern Klang Valley corridor and just 20km from Kuala Lumpur, the project is accessible via major highways.

“The gross development value of this township is RM1.5bil and we will develop it in phases,” Chow said, adding that there would be a total of 12 phases.

Prices of the houses will range from RM700,000 to RM2.4mil. There will be proper road and traffic systems, amenities for a healthy lifestyle and also commercial facilities.

“Our target buyers are people living around the Cheras, Serdang and Kajang areas who want to upgrade their lifestyle. We are also targeting expatriates,” he said.

When the first phase was launched last month, the company brought in sales worth RM50mil.

“The first phase of Jade Hills will be ready by mid-2010,” Chow said.

rizalhakim

January 21st, 2009, 06:36 AM

Projek Aman Perdana dilancar Mac ini

PROJEK perumahan Aman Perdana yang dimajukan Mah Sing Group dengan hampir 70 peratus siap dibina menampilkan kediaman rumah berkembar kelompok dan rumah berkembar yang akan dilancarkan Mac ini.

Rumah berkembar kelompok itu mempunyai keunikan tersendiri dengan balkoni dengan lanai selain ciri reka bentuk moden, mampu memberi kepuasan kepada pembeli.

Reka bentuk unik rumah berkembar kelompok itu dengan keluasan 2,200 kaki menjadikan keluasannya seolah-olah hampir 3,000 kaki persegi.

Timbalan Pengurus Besar Pemasaran dan Jualan Mah Sing Properties Sdn Bhd, James A Bruyns, berkata bagi rumah berkembar kelompok hanya 88 unit akan dibina manakala rumah berkembar 20 unit.

Menurutnya, dengan harga jualan bermula RM428,000, Mah Sing Group yakin kedua-dua projek perumahan itu akan mendapat sambutan berdasarkan kemajuan projek pembangunan di kawasan berkenaan sebelum ini.

Katanya, selain itu kediaman berkenaan juga berdekatan kemudahan asas, termasuk sekolah selain pembangunan terancang dilaksanakan syarikatnya.

Projek perumahan Aman Perdana di Klang, Selangor, adalah lokasi terbaik dan strategik kerana jauh dari kesibukan kota dengan keindahan alam masih terpelihara.

Selain itu projek itu juga tidak jauh dari Klang Sentral serta dua pasar raya besar manakala laluan keluar dan masuk ke Aman Perdana juga lebih mudah apabila ia dihubungkan menerusi rangkaian jalan raya utama iaitu Klang-Meru, Lebuhraya Shapadu, Lebuhraya Persekutuan dan Lebuhraya Baru Lembah Klang (NKVE).

rizalhakim

January 21st, 2009, 07:05 AM

http://www.ocr.com.my/new/chestwood/images/map.jpg

http://www.ocr.com.my/new/chestwood/images/img_pro_esatwood01_s.jpg

ONG CHONG REALTY SDN BHD (181143-V)
G-06, Villa Dahlia, Lorong Dahlia PJU 6A,
47400 Petaling Jaya, Selangor Darul Ehsan

Tel: 03-7710 1000
Fax: 03-7729 0300
Email: enquiry@ocr.com.my

rizalhakim

January 21st, 2009, 09:17 AM

Building 'value-added' homes
by Venus Hew
Email us your feedback at fd@bizedge.com

Since its launch in 2006, the relatively new mid to high-end freehold residential development of Bukit Sungai Long in Cheras, Selangor, has chalked up quite an impressive sales record. The project is a stone's throw from the Cheras-Kajang corridor and is close to townships such as Bandar Sungai Long and Bandar Mahkota Cheras.
Comprising nine phases, the project's first three phases were recently completed and are almost fully occupied. Phase 4 is expected to be completed in early 2009, while Phase 5 was launched in June and recorded 70% sales.
The gross development value (GDV) of the first four phases totals RM146.3 million, while the sales record is 100% for all except Phase 3, where only four units remain unsold.
The township is developed by Kihuat Properties Sdn Bhd, which is helmed by managing director Ter Leong Kee and partner/executive director Lim Kian Loong. The developer is now planning the next two phases.
This may be Kihuat's maiden development but Ter, 49, has more than 25 years' experience in the industry. A civil engineer, Ter was with the Drainage and Irrigation Department for two years before moving on to the private sector. He has been involved in the development of the Sultan Abdul Aziz Shah Golf Club in Shah Alam, Long Island Golf and Country Club in Guangzhou, China, and the 1,300-acre Kesuma Lakes township development in Semenyih (Kajang).
Ter's venture into property development began five years ago when he was approached by a friend-cum-landowner on a possible joint venture to develop a freehold 60-acre tract acquired 14 years ago for RM6 million.
"I agreed immediately," Ter says, as it was an opportunity that did not come every day.
This led to the birth of Kihuat Properties in 2002, followed by the establishment of a joint venture to develop the site into Bukit Sungai Long in 2004, when earthworks for the project began.
In 2006, the company decided to acquire another 20 acres of freehold land adjacent to the original site for RM10 million. "This will now cater for Phases 8 and 9 of Bukit Sungai Long," says Ter.
Phase 5 of the project, comprising 30 bungalows in a gated environment, has an estimated GDV of RM50 million. About 70% of the units have been sold, leaving only nine to be taken up.
These exclusive bungalows with a modern tropical theme are designed for those who appreciate practical and spacious layouts. There are five designs, namely Calida, Danica, Galena, Elitia and Elita, with prices ranging from RM1,362,800 to RM2,358,800 and built-ups of 4,042 to 5,198 sq ft.
Calida, the largest type, has a land area of about 8,000 sq ft while the smallest — Elitia and Elita — have land areas of about 5,100 sq ft.
Based on a philosophy of providing added value to purchasers, the bungalows in Phase 5 offer additional features such as termite soil treatment and renovation-free concepts. Security is given high priority, with an alarm system installed in every bungalow, and a 24-hour patrol service.
There are also some "green" features in this phase, including the installation of solar hot water systems for all the bathrooms and gutters to harvest rainwater for household and gardening purposes. Ceiling-high windows allow maximum light penetration.
Scheduled for completion in December 2009, Phase 5, as all the previous phases, embraces the "green street" development concept. The clean and landscaped streetscape, according to Ter, is to ensure a conducive living environment.
Besides that, residents in Phase 5 can enjoy a park, a one-acre lake-cum-playground, outdoor gym, barbecue pit facilities, children's playground and jogging track.
Phase 1 of Bukit Sungai Long, launched in April 2006, comprises eighty-six 2-storey terraced houses priced from RM338,800 (built-up: between 2,307 and 2,873 sq ft) and seventy-two 2-storey semi-detached houses (built-up: 2,553 sq ft). In Phase 2, there are fifty 2-storey bungalows (built-up: 3,568 sq ft) tagged at RM768,800 onwards.
Phase 3 offers seventy-five 2-storey terraced houses (built-up: 2,307 to 2,873 sq ft) from RM349,800 onwards, while Phase 4 has 150 low-cost apartments (built-up: 650 sq ft) in a 5-storey block with lifts. Priced at RM42,000 each, the apartments are expected to be completed early this year.
For a novice developer, Kihuat Properties' track record is impressive. Ter says the company has set a new benchmark for housing prices — averaging about 20% higher — for properties around the Sungai Long area.
For example, a typical 2-storey terraced house in the area would cost less than RM350,000, but the company managed to sell similar units at RM420,000 to RM430,000, says Ter.
"The design and quality are targeted at the upgraders and most buyers are residents staying within the vicinity, with some from nearby towns such as Cheras and Kajang," he says.
According to KGV-Lambert Smith Hampton (M) Sdn Bhd director Anthony Chua, the project, though medium-sized, boasts contemporary designs and added features which have spurred the interest of upgraders in the area and neighbouring towns, and some investors even.
Bukit Sungai Long is sited on elevated land where, Ter stresses, the developer has carried out proper earthworks and implemented safety measures such as retaining walls.
The developer is now working on Phases 6 and 7. Phase 6, which may be launched later this year, will offer 103 terraced houses (built-up: 2,800 sq ft) tagged at RM500,000 onwards.
With its good sales record, coupled with its philosophy of "building value-added houses to ensure a quality and secure lifestyle", Kihuat Properties believes homes in Bukit Sungai Long will continue to appeal to Malaysians despite the economic slowdown, says Ter.

rizalhakim

January 22nd, 2009, 03:00 AM

UMLand buying 70% of Bangi Heights

KUALA LUMPUR: United Malayan Land Bhd (UMLand) has proposed to acquire a 70% stake in Bangi Heights Development Sdn Bhd from its subsidiary, Country Equity Sdn Bhd, for RM82.86mil.

In a filing with Bursa Malaysia, OSK Investment Bank Bhd which is handling the acquisition, said UMLand and Country Equity had signed a conditional share sales agreement for the proposed acquisition of 70 million 10 sen shares and 14 million cumulative redeemable preference shares of 10 sen each.

The proposed shareholding rationalisation is expected to be completed within three months.

It said the total purchase consideration would be set off against the RM82.817mil owed by Country Equity to UMLand, while the balance was to be paid at completion or remain as a debt due to UMLand by Country Equity. — Bernama

rizalhakim

January 22nd, 2009, 08:30 AM

Esente @ KGSAAS

http://www.sandeepjuneja.com/press_releases/images/pr_img_esente01.jpg

A marriage of style, contemporary luxury and functional practicality, the Esente residences at Kelab Golf Sultan Abdul Aziz Shah (KGSAAS) is Nam Fatt Corporation’s latest boutique high end offering that is scheduled to be launched in early September.

Comprised of 13 exclusive units, 12 Semi-Ds and 1 bungalow, the Esente is situated in the reclusive high security Zone C sector of the sprawling 400 acre golf and residential community. With an established community of several hundred of Malaysia’s leading CEOs, Directors, Business Tycoons, Ministers and other VVIPs the KGSAAS address is second to none, offering exclusivity that is almost surreal.

A haven for nature lovers, the matured greens of KGSAAS is the perfect getaway, as is for urbanites seeking country living lifestyle. For the nation’s corporate big wigs it offers an escape from the daily rigours of a fast paced life as residents return to the quiet serenity of nature. It is here amid the peaceful silence of nature that the Esente emerges delicately permeating with the environment and its surroundings for a sense of freedom that truly emulates its name.

Esente, which is Italian for free, is a reflection of the current state of fluidity between various activities that make up our lives particularly working from home. Hence the Esente home is one which is intelligently designed, is comprehensively equipped with technology and is well laid out so as to facilitate conventional living while minimising clutter and opening up living spaces for unconventional working from home.

Esente KGSAAS is a creation that goes beyond simple visual aesthetics with its highly functional design which makes all its Semi-D units look and feel exactly like a bungalow, while taking advantage of key elements in our tropical climate to ensure that the property is well cross ventilated and extensively shaded all the while ensuring that the interiors are marked by plenty of natural light. At the heart of these unique aesthetics is the pond that separates the two adjoining units within a single structure that appears as a bungalow.

The design also works to bring the outdoors in by incorporating continuous open concept layouts complimented by clever landscaping. The continuous flow of space across all 3 floors of the house is central to the design concept of Esente so that the main entrance foyer is connected to the living, dining and kitchen which in turn opens up to the side terrace and garden. The result is a sense of spaciousness that dulls boundaries. In the upper floors the master bedroom and the attic flow seamlessly and function as a large room with a study that is perfect for visiting extended family or guests, similarly the ground floor guest room opens on to the terrace and garden.

Care has also been taken to insure that the interiors and the finishing are exemplary and compliment the concept. Thus every window and every door maximizes light and minimizes glare so that the entire residence is bathed in natural light creating an inviting and peaceful ambience. The stairways are well lit with exterior walls rendered generously in glass which lets in sunlight and provides an exceptional view.

The Esente home is wired with a smart home system which, among other things, allows for lightening automation, a panic button and data points in every room. Internet connectivity throughout the property facilitates the reality of effectively working from home, an invaluable convenience which frees your valuable time from the hassles of daily commuting and traffic jams.

Living at KGSAAS is a privilege as it affords you a lifestyle that most can only dream of, swimming at the club house with the kids, taking a leisurely stroll along the tree lined avenues, throwing fabulous outdoor parties, tea parties and lavish dinners in your large garden and additional open spaces while ending your day perfectly with a round of night golf.

For the exceptional, Nam Fatt Corporation is also releasing its limited stock of ‘reserved’ bungalow plots for a more personalised creation.

For further information kindly contact:

Esente @ KGSAAS
Registration of interest may be done by contacting:

Colliers International Property Consultants
T: +6. 03. 7660 0220
F: +6. 03. 7660 0230
E: cipc@collierskl.com.my

rizalhakim

January 28th, 2009, 04:26 AM

High-end projects set to put Mulpha on profit track
By Sharen KaurPublished: 2009/01/28

http://www.btimes.com.my/articles/MULPHA23/pix_bottom

MULPHA Land Bhd (MLB) (7889) is launching four high-end projects worth RM1.03 billion in Kuala Lumpur and Johor this year, in a bid to turn around.

MLB slipped into the red in the 12 months to December 2007, incurring a net loss of RM417,000 against a net profit of RM864,000 in 2006.

For the first nine months in 2008, MLB, the property arm of Mulpha International Bhd, posted a net loss of RM94,000.

Chief executive officer Lai Meng told Business Times in an interview that the way forward for MLB is to offer niche and sought-after products.
It is launching Bangsar Enclave in the next quarter, which features seven units of 3-storey villas in a gated and guarded community, worth RM70 million.

In the second half of the year, MLB will launch Menara Mulpha at Jalan Sultan Ismail, and a yet-to-be-named luxury development in Kenny Hills, offering eight unique villas with private pool, worth RM110 million, or RM15 million each.

Menara Mulpha is a 23-storey Grade A office building, worth around RM350 million. The property, which is the first iconic building with green features for the Mulpha Group, will be leased for recurring income, Lai said.

"These projects have strong unique product concept in superb locations and should provide impetus for growth. Nevertheless, we are mindful of the gloomy economic outlook and will adopt a cautious approach in our planning and execution," he said.

Also in the pipeline is Precinct 7 at MLB's RM1.2 billion Leisure Farm Resort project in Gelang Patah, located in Iskandar Malaysia, Johor.

It will offer 320 units of semi-detached homes and bungalows, surrounded by garden parks and canal waterways, worth a combined RM500 million.

"Precinct 7 will be developed in phases to enhance price positioning," added Lai.

MLB is also banking on its recently refurbished and restored project, opposite the Raintree Club in Ampang Hilir, to improve earnings.

Dubbed Raintree Residence, it has four semi-furnished 5-bedroom duplex penthouses, and eight units of 4-bedroom apartments, which will be leased.

"It will be our first rental product in Kuala Lumpur and should be favourable in this locality filled with expatriates and consulate staff," Lai said.

MLB's current projects are Bukit Punchor in Nibong Tebal, and Desa Aman in Padang Meha, Kulim, Kedah, worth RM706 million.

rizalhakim

January 28th, 2009, 05:00 AM

Being pro-active
The Real Estate
By ANGIE NG

Developers must find ways to meet changing needs

TO attract buyers during the current challenging times, developers have to be more innovative in their product offerings and introduce more flexible terms. This is on top of making sure their projects are in the right locations and well equipped with proper facilities and features to meet the changing needs of buyers.

As with most things in the world now, the call for change is growing louder and industry players have to be quick in making the necessary adjustments to maintain their competitiveness and ensure their projects get the attention from the targeted buyers.

Due to the worsening global financial meltdown, the demand for property is expected to worsen for the most part of this year before a recovery can be expected at the later part of the year or in early 2010.

Against this gloomy backdrop, developers who have taken the necessary measures and are pro-active in identifying new product trends and market preferences will be able to take a bigger share of the market.

http://thestar.com.my/archives/2009/1/24/business/bw_p26EcoPark.jpg
Setia Eco Park has heralded a new green lifestyle for Klang Valley folks

Among the main concerns of buyers these days is a secure and wholesome environment for the family and new projects should be designed with security as one of the top priorities.

While developers will still launch their products this year despite the slower take up, the number and size of units launched will be smaller to ensure the units can be easily absorbed.

With less projects to undertake and more free time at their disposal now, they should conduct more indepth product research and development initiatives to keep themselves updated on the types of property that are saleable.

To ensure that they will not be pulled down by large unsold stocks, most developers are reviewing their product mix, unit built-up area and pricing to include more affordable and value for money products.

Under the current challenging economic climate, a number of developers have started implementing the necessary changes, including building houses with smaller built-up area to maintain house buyers’ affordability.

This will ensure that the absolute selling price of the property is affordable while at the same time, margin is preserved as selling price per square foot remains unchanged. There are also more freebies, including early bird discounts, guaranteed buy-back and lucky draws, offered to property buyers these days.

These incentives will boost sales, particularly among potential buyers who are holding out for good bargains. And even if such moves may erode margins of developers by 2%-3%, it may stem slipping property sales. As we all know, thinner margin is the lesser evil compared to dwindling sales. It helps too that the recent decline in building materials costs has minimised the risk of cost overrun.

Over the week, SP Setia Bhd came up with a creative strategy to boost sales. It launched its campaign on the 5/95 home loan package which will run for three months.

The package essentially allows buyers to pay 5% down payment while the remaining 95% will be financed by SP Setia’s panel of end-financiers.

Interest cost during the construction period as well as legal fee and stamp duty for sales and purchase agreement, loan agreement and memorandum of transfer will be borne by the developer.

Given its large landbank, SP Setia can also afford to be more flexible in tweaking its product offering to meet buyers’ changing demand.

At Setia Eco Park, 54 units of 1½-storey bungalows priced at around RM800,000 will be launched in the coming months. The price is more affordable compared to the semi detached houses of over RM1mil each launched in earlier phases.

> Angie Ng is deputy news editor of The Star. She hopes more sophisticated product innovation and holistic planning initiatives by industry players will result in more wholesome and safer living environment for the people.

rizalhakim

January 28th, 2009, 08:09 AM

Laman Granview perumahan eksklusif penduduk Puchong
Oleh Shahrizan Salian
shahrizan@bharian.com.my

http://www.bharian.com.my/Wednesday/Ekonomi/20090128135531/mainpix1.jpg
TEH menerangkan lokasi strategi Laman Granview baru-baru ini.

KONDOMINIUM Suria Stonor. PROJEK Laman Granview yang dilancarkan pada 2007 dengan nilai pembangunan kasar (GDV) kira-kira RM300 juta adalah projek harta nah premium pertama IJM Properties.

Ia adalah satu-satunya pro jek perumahan eksklusif di Puchong, Selangor dengan menawarkan unit rumah berkembar dan banglo dengan pembinaannya dibahagikan kepada dua zon iaitu zon selatan dan zon utara.

Fasa pertama projek berkenaan iaitu zon selatan dijangka siap tidak lama lagi, manakala fasa kedua iaitu zon utara dijangka siap pada 2010.

Dengan keluasan kirakira 21 hektar dan terletak 450 kaki di atas aras laut iaitu puncak ter tinggi di Puchong, Laman Granview adalah projek pembangunan pajakan 99 tahun dan ia adalah hartanah impian kepada pelabur atau pembeli yang ingin meningkatkan nilai aset harta nah mereka.

Pengarah Urusan IJM Properties Sdn Bhd, Teh Kean Ming, fasa pertama merangkumi 134 unit rumah berkembar dua setengah tingkat, banglo tiga tingkat dan banglo tiga setengah tingkat, manakala fasa kedua me rangkumi 104 unit banglo tiga tingkat serta banglo tiga setengah tingkat.

Katanya, Laman Granview adalah kediaman me wah yang memiliki ke pel bagaian hartanah, termasuk rumah berkembar dua setengah tingkat yang mempunyai 60 unit (dengan harga permulaan RM1.05 juta), 151 unit banglo (RM1.28 juta) dan 67 unit banglo tiga setengah tingkat (RM1.41 juta).

http://www.bharian.com.my/Wednesday/Ekonomi/20090128135531/mainpix2.jpg
SALAH sebuah projek Laman Granview - IJM Properties.

“Kediaman di Laman Granview, secara khususnya disasarkan untuk penduduk di sekitar Puchong yang mahu meningkatkan taraf kediaman mereka serta penduduk sekitar Sunway dan Petaling Jaya," kata Teh.

rizalhakim

January 28th, 2009, 09:48 AM

http://www.lakeedge.com.my

rizalhakim

January 30th, 2009, 03:28 AM

'Ang pows' for Bandar Bukit Raja house buyers
Published: 2009/01/30

SIME Darby Property Bhd (4197) will be giving "ang pow" treats to house buyers of the Bandar Bukit Raja township between January 26 and February 9.

Ang pows worth RM3,888 will be given to all intermediate house buyers and RM6,888 to those who purchase the end and corner units, the company said in a statement.

Sime Darby Property said Bandar Bukit Raja will be launching their latest Avira and Levena double-storey link units from RM325,888 with a built-up area of 1800 sq ft and RM388,888 for a built-up area of 2280 sq ft respectively.

In conjunction with the "Chap Goh Mei" celebration, a feng shui talk by Joey Yap will take place on February 7 and 8 and free personal consultations will be held on both days.
Sprawled over 161.87 hectares, the Bandar Bukit Raja development is an integrated township comprising residential homes, schools, shops, medical and commercial centres.

To date, Bandar Bukit Raja has sold over 3,500 residential and commercial units and has over 10,000 residents. Upon completion of Stage 1, Bandar Bukit Raja will comprise some 7,800 residential and commercial units.

rizalhakim

January 30th, 2009, 03:40 AM

Daiman scaling back launcheS
By ZAZALI MUSA

JOHOR BARU: Daiman Development Bhd is scaling back on new products and launches this year as the local property market cools down.

General manager Siah Chin Leong expected most local developers to adopt a similar move as they were not willing to take any business risk.

Hopefully, the unemployment rate in Malaysia would not rise as this would affect the whole market since the disposal income would be vastly reduced, he said.

City skyscrapers in Singapore. Daiman is considering a foray into the republic’s property market — AFP

Siah said developers in Johor were already facing a tough time and most had experienced a 40% decline in sales in the past two months.

“Everybody, including developers, is pessimistic. They don’t know what lies ahead in the next two years,’’ he said in an interview with StarBiz.

Siah said Daiman would be launching 87 double-storey cluster houses and 26 double-storey semi-detached houses in Taman Gaya in the fourth quarter of its financial year ending June 30 (FY09).

The company is currently building 132 double-storey cluster houses and only a few units are still unsold.

It also just started building 120 single-storey terrace houses with an average selling price of RM158,000 unit and 60 double-storey shop offices at RM398,000 per unit at Taman Daiman Jaya.

“We are looking at RM130mil gross development value (GDV) for the 425 units and they will keep us busy for the next two years,’’ said Siah.

Daiman has three major on-going projects - Taman Gaya along the Tebrau corridor, Taman Daiman Jaya in Kota Tinggi and Taman Perindustrian Murni in Senai.

Taman Gaya will take six to seven years to complete and Taman Daiman Jaya, between 15 and 18 years.

Both projects have so far contributed RM428mil in sales turnover.

About 40% of its industrial lots and factories in Taman Perindustrian Murni have been sold and contributed RM12.09mil at the end of FY08.

Daiman has leased out some of its factories which are fetching an annual yield of 6% to 7%.

Siah said despite a slowdown in the local property market, there was encouraging response to high-end properties.

Daiman was targeting professionals, senior executives, extended families and those looking for bigger houses, he said.

“These buyers are willing to pay more for their houses provided they are located within gated and guarded precincts,’’ he said.

Daiman was on the lookout for land in Nusajaya as the area would be the main growth centre in Iskandar Malaysia, Siah said, adding that its focus here would be high-end houses.

He said Daiman had over the past few years been looking for land in the Klang Valley but so far the land viewed was not feasible.

The company is also considering venturing into Singapore as demand for private properties there was still good due to the influx of wealthy buyers from worldwide to the republic.

Last April, the company’s wholly-owned overseas subsidiary Caversham Universal Ltd subscribed to 70% equity in CNES Property Pty Ltd for A$875,000.

Australia-based CNES was incorporated in February 2008 and its principal activity is property development. It plans to build some bungalows in Perth.

“We are very cautious when expanding overseas but if it is a sound investment, Daiman will definitely explore the possibility,’’ Siah said.

Daiman has some 36 years experience in the property sector in Johor and had net cash of RM74.22mil at the end of FY08.

For FY08, it recorded RM114.46mil in revenue while the pre-tax profit was RM36.43mil. That compared with RM99.81mil and RM37.99mil respectively in FY07.

rizalhakim

January 30th, 2009, 09:09 AM

Sime Darby Property's ‘ang pow' treat for home purchases

Email us your feedback at fd@bizedge.com

KUALA LUMPUR: In conjunction with Chinese New Year celebrations, Sime Darby Property Bhd will give RM3,888 "ang pow" to all purchasers of intermediate home units in its Bandar Bukit Raja township, Klang, for purchases made between Jan 26 and Feb 9, 2009.

The company said in a statement yesterday that it would also give RM6,888 "ang pow" to those who purchased end and corner units in the township during the limited period.

Sime Darby Property said Bandar Bukit Raja would be launching its 22'x75' "Avira" and "Levena" double-storey link homes from affordable prices of RM325,888 and RM388,888 respectively.

"Spacious, modern and functional homes with parking bay for two vehicles, as well as 3+1, 4+1 or 5+1 bedroom options are available for selection," the company said.

Sprawled over 400ha, the Bandar Bukit Raja development is an integrated township comprising residential homes, schools, shops, medical and commercial centres. To date, it has sold over 3,500 residential and commercial units and has over 10,000 residents.

rizalhakim

February 3rd, 2009, 03:05 AM

Hap Seng eyes more land, commercial properties
Published: 2009/02/03

http://www.btimes.com.my/articles/SENG22/pix_bottom

SABAH'S largest property developer, Hap Seng Consolidated Bhd (3034) , aims to buy more land and buildings in Peninsular Malaysia to grow its property portfolio, a company source said.

The company is eyeing a few commercial properties within the Kuala Lumpur city centre area and land in strategic areas within the Klang Valley.

"Hap Seng is still in negotiations with the parties concerned. It will acquire only if the price and location is right," the source told Business Times.

Hap Seng's first property acquisition in the Klang Valley was Menara Hap Seng (previously MUI Plaza) and the adjoining land, which it bought from MUI Properties Bhd for RM190 million in 2004.
It also bought 30.88ha of leasehold land in Puchong to develop D'Alpinia, a low-density and gated development.

Developments have started at D'Alpinia, its first high-end mixed-housing project outside of Sabah.

It features terrace homes, semi-detached units, townhouses, bungalows, condominiums and commercial units developed under a build-then-sell concept.

Hap Seng is due to launch phase 1A, comprising 154 units of terrace homes and semi-d's, in the second half of this year.

"The units are almost completed and will open for sale from the third quarter. Hap Seng is optimistic due to high registration for the properties. Demand will accelerate as there has been no major supply of new products in the market," the source said.

Hap Seng's other projects are the Kingfisher Palm Homes, featuring terrace houses, semi-detached homes and bungalows in Kota Kinabalu; Bandar Sri Perdana, a 62.5ha mixed-development in Lahad Datu; and Bandar Sri Indah, a 342ha self-contained township in Tawau. - By Sharen Kaur

rizalhakim

February 3rd, 2009, 03:19 AM

Strategic location the selling point for Taman Laguna
By ZAZALI MUSA

JOHOR BARU: Selangor-based Nusa Utama Sdn Bhd is banking on the strategic location of its Taman Laguna @ Sg Danga scheme in Danga Zone as the main selling point of the project.

An added attraction was that Danga Zone was slated for upscale property development in Iskandar Malaysia, said director Soon Hoe Chuan.

Overlooking the Straits of Johor on a 30.756ha site, Taman Laguna occupied the last plot available for residential development near Sungai Danga, he told StarBiz.

“More people are looking for properties in the Nusajaya area as it will be the key growth centre in Iskandar region,’’ Soon said.

He said the project was easily accessible from the Johor Baru city via the Perling Interchange and just a few kilometres to Singapore via the Second Link crossing.

http://biz.thestar.com.my/archives/2009/2/3/business/b_pg09chuan.jpg
Soon Hoe Chuan at a show house in Taman Laguna @ Sg Danga

Soon said the scheme would get a further boost with a new 30.6km coastal highway linking the Johor State New Administrative Centre (JSNAC) and the city.

The six-lane highway, for which construction would soon start, is expected to ease traffic flow between the city centre and JSNAC in Nusajaya.

Taman Laguna was started at the end of 2006, offering double-storey super-link houses with lot sizes of 26ft by 80ft and 28ft by 90ft, and prices ranging from RM273,955 to RM568,300.

Phase one comprising 110 units was sold out and completed. The owners are expected to move in soon.

This is Nusa Utama’s second project in Johor. Its first was the 31.97ha Taman Nusa Perintis in Gelang Patah that started in 1999 and was completed in 2004 with a gross development value (GDV) of RM220mil.

Soon said Taman Laguna would be completed in the next eight to nine years comprising 500 double-storey terrace houses with a total GDV of RM270mil.

“We decided to introduce bigger houses as buyers of landed properties here prefer bigger built-up areas and smaller land space,’’ he said.

rizalhakim

February 5th, 2009, 08:15 AM

new from SP Setia

New products

New products offered during the campaign period include 38 units of 1½-storey semi-detached houses and 100 units of 1½-storey bungalows with smaller built-ups catering for small families in the award-winning 791-acre Setia Eco Park in Shah Alam. Although these will be officially launched on Feb 7, 80% of the bungalows have already been booked by customers who visited its show gallery over the weekend of Jan 17-18 after flyers on its 5/95 home package went out. Prices of the semidees — with built-ups of 2,726 sq ft and land area of 3,498 sq ft (gross development value of RM38.4 million) — start from RM861,900. The 1½-storey bungalows are priced from RM1,186,200, with built-up area of 2,657 sq ft and land area of 5,038 sq ft (GDV RM71 million).

[u]Also open for booking are 211 units at Setia Sky Residences, a freehold luxury serviced apartment project on a six-acre plot 1km from KLCC on Jalan Tun Razak. Priced at an average RM680 psf, sizes are from 1,055 sq ft to 1,701 sq ft. The project comprises 844 units and has a GDV of RM835 million. Completion is expected in 2011.

S P Setia has 16 ongoing projects with a GDV of RM30 billion, including a township development near Ho Chi Minh City, Vietnam, which is expected to see its first launch in 2Q2009.

rizalhakim

February 10th, 2009, 10:11 AM

Mah Sing gears up to be a regional player
By ANGIE NG

It plans to use cash pile to acquire land locally and abroad

PETALING JAYA: Mah Sing Group Bhd plans to use its cash pile of RM150mil as at Dec 31, 2008 to acquire new land locally and in other regional markets to realise its vision as a regional property player.

President and group chief executive Datuk Seri Leong Hoy Kum said the company was in a good position to make some opportunistic acquisitions to lock in land which had dropped in value following the global financial meltdown.

“In any challenging environment, there are always opportunities to be tapped and with land prices at more reasonable entry levels, our strong balance sheet will enable us to expand our presence and ensure healthy earnings growth,” Leong told StarBiz.

While moving ahead with its plans to become a regional player, he said the company would be prudent in its cashflow management and not over-commit.

“We will weigh all the risks and returns before venturing overseas. We shall be very careful in evaluating any business expansion to ensure we have good investments that will allow the company to chart good growth,” he said.

Datuk Seri Leong Hoy Kum

Mah Sing hopes to finalise its first overseas deal this year and to launch its maiden offshore project next year.

The markets being targeted include Vietnam, China, India and Indonesia.

Locally, the company recently purchased 2.12ha of freehold land in Setapak and 26.8ha in Sri Pulai Perdana 2 in Johor Baru.

In addition to these acquisitions, it has 11 projects in the Klang Valley, four in Johor Baru and one in Penang. The company’s remaining landbank of 231.6ha has an estimated RM3.9bil in remaining gross development value and unbilled sales which will sustain earnings growth for the next five to seven years.

Despite the gloomy market outlook, Leong said Mah Sing’s quick turnaround business model, focusing on niche medium to high-end landed developments, had generated healthy profits and cashflow.

“As we have pre-constructed some of our properties in certain key projects which are locked in at the old construction costs, we are able to continue launching the projects,” he said.

“We will take advantage of some RM282mil worth of pre-constructed products in projects like Aman Perdana, Kemuning Residence and Sierra Perdana, to market completed units at the right pricing.”

Mah Sing’s exposure in the three growth corridors of the Klang Valley, Johor Baru and Penang, coupled with a healthy mix of residential and commercial projects, would ensure good growth sustainability for the company, he said.

On the commercial property front, he said prospects for Grade A office space in the Golden Triangle were still good, thanks to the limited supply and strong occupancy rates of above 95%.

“This bodes well for our Grade A office, The Icon Jalan Tun Razak which will be completed by June. Southgate in Jalan Sungei Besi has also done very well, achieving RM150mil in sales since last March,” Leong said.

rizalhakim

February 10th, 2009, 10:19 AM

SP Setia to open sales offices in Beijing and Dubai
By ZAZALI MUSA

GELANG PATAH: SP Setia Bhd will open sales offices in Beijing and Dubai this year to promote its projects to international buyers.

Chief executive officer Tan Sri Liew Kee Sin said the company already had sales offices in Ho Chin Minh City in Vietnam and Singapore.

“We are not only selling our properties overseas but also helping to market Malaysia as an ideal destination for property buyers,’’ he told a press conference yesterday at the launch of Eco Greens, the Setia Eco Gardens town park, by Johor Mentri Besar Datuk Abdul Ghani.

The 7.49ha park is part of the 383.64ha Setia Eco Gardens project currently undertaken by subsidiary Kesas Kenangan Sdn Bhd.

The scheme is the first nature-inspired township in Johor and the company’s second eco-friendly project after the Setia Eco Park in Shah Alam.

Taking about eight years to complete, the project comprises 10,000 to 20,000 mixed properties with a gross development value of RM2bil.

Last year, Setia Eco Gardens won the FIABCI Malaysia Property Awards 2008 for Best Master Plan and its unique sales gallery also won the award for Best Office at the inaugural Cityscape Real Estate Awards 2008 held in Singapore.

“Our products already reached an international standard and we are looking at selling our houses from RM1mil each to international buyers,’’ said Liew.

He said the company was confident of attracting foreign buyers due to the quality products offered.

Liew said these buyers had a choice of properties from the company’s on-going projects in the Klang Valley, Johor and Penang.

SP Setia would also be looking for more land in Johor for future developments especially in Iskandar Malaysia, he said, adding that all its future projects in the country would incorporate the eco concept.

rizalhakim

February 12th, 2009, 09:05 AM

Going, Going... Gone!: Terraced homes sold in auctions
By Racheal Lee Mei Nyee
Email us your feedback at fd@bizedge.com

City & Country randomly monitored terraced houses in the Klang Valley that were on auction with a minimum reserve price of RM250,000 in December 2008 and January 2009. Of the 14 auctions monitored, only three properties were successfully auctioned off.
The three properties included a 2-storey terraced house along Jalan 3/27c of Bandar Baru Wangsa Maju at its first auction. The house, on a 2,379-sq-ft piece of leasehold land, was sold at RM348,100, a 4.8% increase from its reserve price of RM332,100.
Meanwhile, a 2-storey terraced house in Kota Damansara was sold at the reserve price of RM350,000 at its first auction. The intermediate unit has a built-up of 1,647 sq ft. A 2½-storey intermediate terraced house in Bandar Bukit Tinggi was sold at its reserve price of RM288,000. Located 40km from the Kuala Lumpur city centre, the freehold residence on a 1,650-sq-ft site was at its second auction.
The number of landed properties put up for auction was also lower than in previous months. Foong Chon Wai, an auctioneer with Ng Chan Mau & Co Sdn Bhd, says this was because fewer advertising and promotion activities were held by auctioneers at the end of the year, which is common during the holiday season.
"Unlike condominiums or apartments, where one only needs to have the power of attorney, for landed properties one needs to obtain an order for sale from either the high court or land office before they can be put up for auction. The procedure normally takes about one year. We also see fewer auctions for landed properties due to the festive holidays," explains Foong.
Generally, terraced homes in established areas in Kuala Lumpur and Petaling Jaya are seldom put up for auction as these are older properties and most outstanding loans would have been settled.
"The demand for landed properties for auction has been high. In times of global financial crisis, more people choose to put their money into landed properties rather than the stock market. The prices for landed properties have been stable so far," adds Foong.
Danny Loh, a licensed auctioneer with Property Auction House, cites Kuala Lumpur and Petaling Jaya as examples. He says the two cities have been seeing stable demand for landed properties, in part because fewer terraced houses (compared with high-rise residences) were launched in prime areas there over the past few years.
"Many people from these two cities prefer to buy landed properties, and demand for landed properties has always been good here. Hence, property prices here have been stable or have risen. However, it is a different story for properties in areas such as Klang and Shah Alam," he says.
Very often, houses put up for auction are only purchased at their second or third auction as purchasers take advantage of the lower selling prices. "As auctioneers will reduce the reserve price by 10% at the next attempt, buyers may just wait for the next auction. After all, price is still one of the main concerns," says Loh.
Of the 14 auctions monitored, seven properties were at their first auction, with reserve prices ranging from RM255,000 to RM500,000. They were located in Shah Alam, Wangsa Maju, Kajang, Kota Damansara, Subang Jaya and Puchong. The following are some properties that went under the hammer.

rizalhakim

February 12th, 2009, 09:05 AM

Fresh approach
By Sharon Kam
Email us your feedback at fd@bizedge.com

Helming Main Board-listed Country Heights Holdings Bhd (CHHB), the developer known for turning a former tin-mining area into what is now a landmark called The Mines Resort City in Seri Kembangan, Selangor, cannot be a stroll in the park.
For group managing director Mark Rozario, who assumed the post from CHHB founder Tan Sri Lee Kim Yew just before the global financial crisis took a turn for the worse, the task can only be all the more daunting.
"We want to do a lot of work but these are not the best of times," he smiles wryly. However, the soft-spoken accountant has singled out his priority — to generate positive cash flow to expand the company's property development business.
The strategy is to put on the market some of the developer's completed residential stock worth some RM350 million now lying dormant in its books. "We will expand on property development when we have the extra cash because, for instance, we are not in the position to buy land right now and as a property developer, you have to buy land," says Rozario.
The housing property stock came about from CHHB's previous practice to sell 80% of its units while keeping the rest. "For example, we have sold 1,200 bungalow lots so far but we kept about 20% of the total stock. These completed homes and ready bungalow lots have been sitting in our books for years. We are looking at some of this stock which is not pledged to the bank. I think it's time we sold them to generate some cash flow," says Rozario, adding that the practice of selling 80% of its future units will probably be a thing of the past unless these are in choice locations and have high potential.
As for new product launches, these will take a back seat for now until the economy improves. "We feel it is not necessary to launch new products right now, given the current slowdown. But since we have a lot of assets, it's best we put these assets to use," says Rozario.

Instalment scheme
To spur sales of its stock of completed homes and ready bungalow lots, CHHB has introduced an instalment scheme — put down 3% of the 10% downpayment and settle the remaining 7% over nine months, after which one can move into the unit.
"In such uncertain times, people may not want to invest in the property market. But we believe there are those with lots of cash who're waiting to do so. Here is an opportunity."
Under the scheme, a buyer can choose to settle the entire purchase price over 30 years. In lieu of interest payment, the developer levies an annual 3% processing or administration fee. "We will waive the fee for the first five years; so it is an incentive for purchasers to settle the full amount in five years. The monthly instalment can be in default for a maximum of 12 months," explains Rozario.
Ownership of the property, however, will only be transferred to the buyer when the full purchase sum has been settled. "The advantage is that the purchaser is able to see what they can get since these are completed units. You also do not have to worry about getting bank loans because there is flexibility in payments. If you cannot pay, you can find someone to buy over the property.
"Within the next five years, when the property market goes on an uptrend again — we believe it will happen — you will be in a good position to sell or pay up or build on your lot."
Of the RM350 million worth of these unencumbered, completed homes and ready bungalow lots, CHHB is targeting to sell RM100 million worth of them under the instalment scheme within a year.
The scheme was implemented recently with CHHB's gated resort-style residential development Kolej Heights Utara in Kubang Pasu, Alor Star, Kedah. Here, there are nine bungalows for sale priced between RM540,000 and RM888,000 with built-ups of 6,000 to 13,000 sq ft. Downpayments for two of the bungalow lots have been made since the soft launch of the instalment scheme. The developer is also opening up Phase Three of Kolej Heigths Utara comprising 88 bungalow lots of between 5,800 and 12,000 sq ft tagged at RM28 to RM30 psf. Spread over 489 acres of freehold land, Kolej Heights Utara also comprises super link homes, 2 ½-storey shopoffices, a 3-storey commercial complex, individual commercial lots and a clubhouse.
In Cyberjaya, the instalment scheme covers some 50 completed apartment units at the low-rise waterfront development of Cyber Heights Villa. The developer has in total 115 completed units in stock here and is considering keeping the rest for rent. The 50 units have built-ups of 1,219 to 1,941 sq ft with prices ranging from RM400,000 to RM700,000.
Cyber Heights Villa is on a 28ha-freehold site where some 510 units have been completed together with a clubhouse and a five-acre park. Although initial plans were for about 1,000-odd units there, the developer is mulling a change to include a commercial precinct.
Adjacent to Cyber Heights Villa is Cyber Residency, a low-rise condo development where there is one block of 14 recently completed apartment units for sale under the instalment scheme. When completed, Cyber Residency will have a total of 98 units. The 14 units are priced between RM700,000 and RM800,000 with built-ups of about 1,900 sq ft.
"These units have potential because of the recently completed KL-Putrajaya Highway, which is a 25-minute drive to Jalan Tun Razak, Kuala Lumpur," says Rozario.
In Country Heights Kajang, Selangor, some 10 of the 50 freehold bungalow lots kept by the developer will be open for sale. The 20,000 sq ft lots are going for RM95 psf. Meanwhile, at Mines Resort City, out of the 40 unsold stock of bungalow lots, only two lots of 10,000 sq ft are available for sale at RM110 psf and RM105 psf respectively. "We will look at the response and review the situation accordingly, but we feel this scheme is marketable at the moment," says Rozario. The scheme is available for only six months from Feb 1.

New team
Rozario took the helm of CHHB on April 22 last year, replacing Lee who vacated the position after 24 years to focus on his privately held ventures in property development and oil palm plantation. Lee is now a non-executive deputy chairman and remains the largest shareholder of the group.
"There is a new team now with some changes in senior management, so we are revamping ourselves. Tan Sri (Lee) realises the need for rejuvenation and change which is why he brought in new blood," says Rozario, adding that Lee continues to contribute ideas.
This is not the first time Rozario has found himself in a new position in difficult times. He joined Sunway Holdings Inc Bhd in 1997, just before the Asian financial crisis. He was Sunway Holdings Inc's finance director before crossing over to CHHB.
"There are a few things we want to do but the timing depends on the economy," he says. "In better times, things move a lot faster."
Since he took over, Rozario and his new team have been revamping what he calls the "internal processes". "We are not carrying out any major expansion right now because we want to make the foundation solid first while looking at our balance sheet at the same time. There is no problem there. Our borrowings are quite low and we have assets worth RM1 billion.
"Now, we have to gradually put things in order on the human resources side by developing talent and skills. We have to put a performance management system in place with succession planning in mind, and so on.
"We need a team trained to move ahead, focusing on the company's objectives. This involves attracting the right talent and getting rid of dead wood."
CHHB has some 6,000 acres in its landbank, with the bulk of it — 5,000 acres — in Sarawak. Of that, only 1,000 acres have been allocated to develop its Borneo Highlands Resort. And by virtue of its size, Borneo Highlands Resort has the most potential. As of Dec 31, 2007, only about 13 million sq ft of the resort had been developed.

Borneo Highlands Resort
Borneo Highlands Resort which has launched four phases so far, has sold about 70% of its bungalow lots, with sizes ranging from 6,000 to 68,500 sq ft, for between RM50 and RM90 psf over the years. Most buyers are locals who bought the lots to build weekend or holiday homes. However, new launches will be targeted at high net worth individuals from around the world who are interested in owning holiday homes in the resort.
"There are people who own holiday homes in the Swiss Alps, but here you have the rainforests, an 18-hole golf course and a spa," says Rozario.
The developer is planning to offer boutique bungalows and larger bungalow lots for sale with the next launch in 2Q2009, depending on market conditions. These new products of between one and two acres are to be priced in the US$2 million (RM7.3 million) range.
"We would like to target overseas investors as well but it does not seem to be the right time now. Nevertheless, the current situation will not remain forever so we will continue marketing it to specific high-end individuals whom we have to approach personally. For instance, a few months ago, the Sultan of Brunei visited the resort. This is not mass housing, so we do not need high-impact advertising and marketing," says Rozario.
Surrounded by rainforests, Borneo Highlands Resort sits 1,000m above sea level and is at the border of Sarawak and Kalimantan, an hour away from Kuching. The roads leading to the resort have recently been upgraded.
Other launches targeted for end-2009 include "very exclusive" condos on a two-acre plot perched on a hillock at Mines Resort City. Plans are for 85 condo units. "We know we are not known for our condo developments but we are building the condos because of demand from current residents in this mature, high-end, low-density development," says Rozario.
At Mines Resort City, CHHB remains open to the disposal of some assets, including Mines International Exhibition and Convention Centre and Mines Waterfront Business Park. CHHB had earlier sold Mines Shopping Fair to Singapore's CapitaLand Ltd for RM432 million cash in 2007. The deal resulted in an estimated gain of RM102 million, which slashed its gearing to 0.6 from 1.5 times.
Mines Resort City also houses the Palace of the Golden Horses Resort and Hotel, Mines Resort and Golf Club, and the Palace Beach and Spa formerly known as Mines Beach Resort and Spa.

Country Heights Damansara
CHHB's instalment plan, however, does not cover its exclusive Country Heights Damansara development. This is not surprising considering values here have risen 200% since it was first launched in 2002. There, purchasers enjoy the benefits of the Country Heights Innovation in Property Investment Scheme or CHIPI. This scheme guarantees the first purchaser a return equivalent to the purchase price of the property at the end of the 35-year maturity period.
So far, 82% of the 360-odd bungalow lots in the 200-acre hilly residential enclave have been sold. The developer has three parcels of land at the site, of which six acres have been allocated for condominiums (still at a planning stage), 13.4 acres for cluster bungalows and another three acres for commercial development.
Currently, four recently completed bungalows with built-ups of between 13,000 and 17,000 sq ft are for sale at about RM7 million to RM8 million. "In a secondary transaction recently, an older bungalow was sold for RM9.5 million; so there are still transactions taking place in such an economic climate," says Rozario.
On hillslope developments, he says Country Heights Damansara is the only one of the developer's projects in the Klang Valley built on a slope of more than 25 degrees.
"We would like to think that we can be a model of hillslope development in the country. First of all, you must have the right engineers or technical people. Secondly, you must constantly monitor signs of soil movements, drainage problems, and so on, and if need be, carry out remedial measures. At Country Heights Damansara, monthly hillslope monitoring reports are prepared," he adds.
Besides property development, CHHB's leisure, health and hospitality division will be working hard to upgrade the facilities and improve its hotels and resorts, says Rozario, citing occupancy at Palace of the Golden Horses; the average occupancy of 50% is below the Klang Valley average. Rozario is thinking of rebranding the decades-old company next. Certainly, his new team and he have lots to do but first, they have to get through these challenging times.

rizalhakim

February 16th, 2009, 03:30 AM

Johor developers: Innovation and creativity the key

PROPERTY developers in Johor – like in other parts of the country – are taking different strategies and approaches in view of the softening property market.

Developers opined that unlike the 1997-98 Asian financial crisis, it was more challenging now as countries in the world were facing uncertainties from the global economic downturn.

However, they said this time around governments globally were taking pro-active steps and making concerted efforts to overcome the situation.

SP Setia Bhd group executive director Chang Khim Wah said the company would continue to focus on its ongoing projects in Johor even during bad times.

Chang Kim Wah
The projects are Bukit Indah I & II, Setia Indah, Setia Tropika and Setia Eco Gardens.

“We are not worried about others and what they are doing but instead are looking at how we can improve and provide what is best for our customers,’’ he said.

Chang said developers had to be innovative and creative regardless of whether the times were good or bad as today’s consumers were more knowledgeable and expected only the best and product differentiation.

He said although the property market might not look rosy this year, it could benefit from the lower interest rate as this would prompt serious house buyers to make purchases.

Chang said even during bad times, there were still buyers with cash and who were willing to spend on properties as they knew they would get good deals from developers and banks.

He said the company recently launched 40 bungalows with a price tag from RM1.3mil each at its Setia Tropika project in Kempas. “Sales were good and the units were immediately snapped by Chinese and Malay businessmen,’’ said Chang.

The company would concentrate on landscaping at all its projects in Johor, he said, adding that it did not see prices of properties in Johor dropping this year.

Mah Sing Group Bhd is not going to postpone or scale down its property launches in Johor. In fact the company is confident of recording good sales this year.

Its projects are the Sierra Perdana, Sri Pulai Perdana I, Austin Perdana and Sri Pulai Perdana II launched recently.

Mah Sing Properties Sdn Bhd chief operating officer Ng Heng Phai said the Johor property market had never been a bubble market and the property price appreciation was more moderate.

“Johor is fortunate during this economic downturn as it has Iskandar Malaysia and can benefit from the two integrated resort projects in Singapore,’’ said Ng.

He said the commitment shown by the stakeholders to make the economic corridor a success should be lauded.

Ng said the two integrated resorts in Singapore would create 10,000 jobs in the services sector and, in this respect, Johor had always been providing the workforce needed by the republic.

In Singapore, the hospitality service employees earned between S$1,500 and S$3,000 monthly and they were what the company was looking at as potential house buyers, he said.

“The unemployment rate is likely to reach 6% this year but we still have 94% of the population working and this is the segment developers should target instead on harping on the unemployment rate,’’ said Ng.

Berinda Properties sales manager Lim Sung Heng said the company would try to adjust its products according to the economic situation.

He said, for instance, when times were good, it usually launched 300 units of new houses, but was now looking at 100 units at the most. It was also considering reducing the size of the houses so that the prices were not marked up.

Lim said the company still enjoyed good sales and most of its buyers were businessmen in the recession-proof business and multi-level marketing companies.

“There are always opportunities during a crisis but we must be able to maintain our costs by streamlining our products or reviewing them,’’ he said.

Berinda is a member of the Kuok Group and its projects in Johor are Taman Molek, Taman Impian Emas, Taman Impian Heights, Taman Redang, Taman Ponderosa, and the soon-to-be-launched Ponderosa Woods. It also owns the Impian Emas Golf and Country Club and Ponderosa Golf and Country Club.

rizalhakim

February 16th, 2009, 03:31 AM

SP Setia confident of achieving targeted revenue from Penang properties
By DAVID TAN

ALTHOUGH the property market is expected to be soft in the coming months, it will be business as usual for the SP Setia group, group chief executive officer and managing director Tan Sri Liew Kee Sin said.

He said there were a few new launches in the pipeline in the coming months.

“The group is confident of achieving its target of RM180mil in revenue from the sale of its properties in Penang for the fiscal year ending October 2009,” he told StarBiz.

“About 50% of the targeted revenue would come from the sale of the Setia Pearl Island properties in Bayan Lepas, comprising the remaining bumiputra units of phase two and the properties of phase three.

“The other 50% will be contributed by the sale of the units of Setia Vista, a project comprising 250 terrace houses, to be launched in the second quarter in Relau,” he said.

“Our target is to generate RM45mil in revenue for each quarter in 2009 from the sale of properties in Penang (from the Setia Pearl Island and Setia Vista schemes),” he said.

The 558 units of Setia Pearl Island’s first and second phases have been sold. The units will be handed over to the purchasers next month.

“For the third phase, which comprises 172 units of super-terrace and semi-detached houses, we have launched and fully sold the super-terrace houses. Some 58 semi-detached houses were launched recently for the third phase,” he said. “The remaining 54 semi-detached units will be launched in the third quarter of 2009,” he said.

This year, SP Setia plans to develop the RM150mil Reflections, a single block of 350-unit condominium scheme within Setia Pearl Island.

“The units, with built-up areas of 1,048 to 1,543 sq ft, will be tentatively priced from RM338,880 onwards,” he said.

Meanwhile, according to the group’s independent geo-technical consultant engineer Tang Heap Seng, the RM1.2bil Setia Pearl Island project sits on 112-acre hillside land that consists of about 70% bedrock, which ensures the stability of the land.

“Using the two-tier development approach, we are able to maintain the developed terrain at a gradient of around 15 degrees. According to the norm, an existing hill slope with a gradient higher than 36 degrees is a cause for concern,” Tang said.

Liew said the two-tier development made it more expensive to develop the infrastructure works and facilities, as it required more entrances and separate internal roads to be constructed.

He added that the group’s approach to managing hillside development was thorough.

“The strategy used encompasses four stages spanning soil investigation, design, construction and post-construction.

“Each stage involves the participation of qualified team members, and is headed and supervised by specialist consultants.

“Designs are cross-checked by an independent checker and a second opinion is sought from another independent specialist,” he said.

“Until today, we have spent about an additional RM1mil on slope protection, which involves the construction of berm drains, turfing and guniting, which uses cement to reinforce the slope,” Liew said.

He said for the project, the group had engaged five geo-technical experts to provide consultation during the construction period. “The group’s technical team, in collaboration with the geotechnical consultants, has been carrying out periodic inspection of the development site since the inception of the project, and will continue to do so after completion.

“All the designs and submissions are ultimately vetted and approved by the local authority and technical departments based on stringent guidelines,” he said.

rizalhakim

February 24th, 2009, 09:15 AM

Ten Damansara

http://www.mudajaya.com/image_property/pool.jpg
An exclusive high-end low density bungalow project in Damansara Heights, Kuala Lumpur. Ten Damansara will comprise of 8 units of 3-Storey bungalows and 2 units of duplex condo-villas within a gated and guarded community with clubhouse facilities and a common swimming pool.

This project is awaiting approval from the authorities and is expected to be launched in 2009.

Ten Damansara at Damansara Heights Kuala Lumpur is now open for regitration

rizalhakim

February 26th, 2009, 09:30 AM

Kulim Perdana
Kulim Hi-Tech Park - Kulim - Kedah

http://www.khtp.com.my/advertise/kulimperdanaphase3/images/1166_main.jpg
2 Storey Semi Detached
RM349,888 - RM403,888
Land Area : 45' x 80'
Built-Up Area : 2957 sq. ft
Total Unit : 64
Tenure : Freehold
Total Units : 64
Completion : December 2009

http://www.khtp.com.my/advertise/kulimperdanaphase3/images/1166_map.jpg

http://www.khtp.com.my/advertise/kulimperdanaphase3/kulimperdanaphase3_1.asp

rizalhakim

March 6th, 2009, 03:02 AM

I&P targets fewer projects this year
By Sharen KaurPublished: 2009/03/06

http://www.btimes.com.my/articles/Island1/pix_bottom

Property developer Island & Peninsular Sdn Bhd (I&P) expects revenue this fiscal year to decline as much as 36 per cent to RM500 million as it plans fewer launches.

I&P, a wholly-owned unit of Permodalan Nasional Bhd, posted revenue of RM780 million in its fiscal year ended December 31 2008.

Group managing director Datuk Jamaludin Osman said that I&P will continue to offer homes that are "packaged tastefully" and within the price range sought by buyers in choice locations.

"We will be more cautious during the current economic downturn, releasing a smaller number of units at all our projects at any given time,"he told Business Times after signing a pact with Universiti Teknologi Mara (UiTM) to incorporate artistic features at its Alam Impian development in Shah Alam, Selangor, yesterday.

I&P has a landbank of 5,263ha, with eight ongoing township projects in Selangor and Kuala Lumpur that are worth a few billion ringgit.

The developments are Alam Impian, Bandar Kinrara in Puchong, Alam Sari in Bangi, Alam Damai in Cheras, Bayuemas in Klang, Alam Sutera in Bukit Jalil, Seri Beringin in Bukit Damansara, and Taman Setiawangsa in Kuala Lumpur.

Jamaludin added, however, that all was not doom and gloom as I&P houses continued to sell even with the weak market sentiments.

He cited its Bandar Kinrara development: 60 per cent of the 160 two-storey link-houses costing more than RM400,000 each and 100 per cent of the 22 semi-detached homes of over RM1.2 million each have been sold since their launch in December last year.

Jamaludin also said that I&P had no plans to acquire more land as its landbank was sufficient to keep it busy for the next few years.

However, he did not rule out acquiring land in the Klang Valley that could be developed immediately.

rizalhakim

March 6th, 2009, 03:03 AM

I&P to set more moderate pace for launches amid slowdown
Published: 2009/03/06

ISLAND & Peninsular Sdn Bhd (I&P) will launch new houses this year, albeit at a more moderate pace, as recession looms.

Group managing director Datuk Jamaludin Osman said that I&P was well aware that the property market had softened and would introduce more affordable homes pegged at below RM400,000 each.

I&P will launch the houses at its Alam Sari project in Bangi, flagship Bandar Kinrara development in Puchong, and Alam Impian township in Shah Alam, Selangor, he said.

"If the market feels that products in this price range will move faster, we will call to it. If people are willing to invest their money in houses, we will launch more units then," he added.

According to Jamaludin, I&P has a few launches on the drawing board but is studying the economic situation before moving ahead with its plans.

"Some say we are in recession, but people are buying our properties in Alam Impian and Bandar Kinrara. The market is no doubt slow, but it is still a good time to buy. Prices will escalate when the economy recovers," he said.

Jamaludin was speaking to reporters in Kuala Lumpur after signing a pact yesterday with Universiti Teknologi Mara (UiTM) to bring the concept of "Township of the Arts" to life at Alam Impian.

I&P, a wholly-owned unit of Permodalan Nasional Bhd, has eight projects in hand in Selangor and Kuala Lumpur that are worth a few billion ringgit.

Its more exciting project is Alam Impian, launched in December 2006.

The 494ha RM4.5 billion township will offer 10,000 homes for a population of 50,000 upon completion in 2024.

To boost sales, I&P is considering developing a hypermarket and commercial lots after building 600 homes, Jamaludin said.

It has launched 308 houses, of which 257 have been built and sold.

By May, it will launch Canting 2 featuring 103 super link-homes that cost below RM400,000 each.

It may launch more, and bigger, super link-homes by the year-end, priced at RM400,000 to RM500,000 each.

Next year, I&P intends to launch semi-detached houses and shoplots, subject to approval and demand.

Central to Alam Impian's concept of "Township of the Arts" is the assimilation and application of arts and cultural characteristics in all aspects of the development.

Jamaludin said that I&P was considering building an art gallery, theatre and pavilion in the near future.

rizalhakim

March 6th, 2009, 03:29 AM

I&P plans incentives for buyers of Canting 2

KUALA LUMPUR: Property developer Island & Peninsular Bhd (I&P) is confident its Canting 2 residential project, to be launched in May, will receive positive response, said group managing director Datuk Jamaludin Osman.

I&P would offer various incentives to attract buyers for the Canting 2 development, which is the latest phase of its Alam Impian mixed development township in Shah Alam, he said.

“Despite the current economic downturn, we are still optimistic. We will be providing a lot of incentives for purchasers to buy our property,” he said after a memorandum of understanding (MoU) signing ceremony with Universiti Teknologi Mara (UiTM) yesterday.

Island & Peninsular Berhad group managing director Datuk Jamaludin Osman
The incentives I&P has for a number of its projects include free legal fees, free stamp duty on transfer and low down-payments.

Jamaludin said response to Canting 2 would improve once the Lebuhraya Kemuning-Shah Alam highway was completed later in the year.

“The highway when completed will link the township to the KESAS highway and surrounding areas and make Alam Impian more accessible,” he said.

Canting 2 comprises double-storey terrace homes, targeted primarily at buyers from the surrounding area who are looking to upgrade.

Located on 1,235 acres of freehold land, the development of Alam Impian began in 2006.

To date, three phases have been launched - Canting (double-storey terrace), Tinta (double-storey semi-D) and Nukilan (double-storey terrace).

About 262 homes have been sold so far.

Homes in the three phases ranged from RM330,000 to RM632,784.

Alam Impian will have a gross development value of RM4.5bil when completed.

Meanwhile, the MoU between I&P and UiTM will see the students from the university’s arts and design faculties showcasing their works at Alam Impian’s art pavilion and amphitheatre.

2206

March 6th, 2009, 04:45 AM

D’Banyan Residency@Sutera Harbour
KOTA KINABALU, SABAH

source (http://www.wct.com.my/CMS/Content/135/1.aspx)
http://www.wct.com.my/CMS/Content/imageuploaded/project/dbanyan/front.jpg

Escape Everyday
Under the watchful eye of Mount Kinabalu, and on the fringes of the South China Sea, d’Banyan Residency majestically shines as a beacon of luxury for all who aspire to live in this tropical oasis.

Life under the d’Banyan canopy is one of lifestyle and leisure, a resort home in which you can escape the everyday, everyday

source (http://www.property-report.com/singapore-property-magazine.php?con_id=314&date=042008)
http://img141.imageshack.us/img141/5614/dbanyan.jpg

d'Banyan Residency @ Sutera offers a 5 star resort lifestyle as it is located in a 5 star location inside Sutera Harbour Resort. Only 5 minutes to the city centre and 10 minutes to Kota Kinabalu International Airport. Residents are a hop-over away from a breath-taking 27-hole championship golf course and East Malaysia's premier yacht club. You may find yourself with:
Luxury property
Stylish living
Golf front homes
Security with CCTV

There are 3 designs which are striking in their styling and resplendent in their prominence:
Petrusa -- 14 units 3 Storey Villas with BUA 6, 743sq ft. Price range from RM 3 million to RM 3.9 million.
Aurea -- 2 1/2 Storey Semi Detached Villas with BUA 5, 639sq ft. Price range from RM 2.3 million to RM 2.6 million.
Citrifolia -- 2 Storey Superlink Villas with BUA 4, 359sq ft. Price range from RM 1.5 million to RM 2.6 million.

rizalhakim

March 10th, 2009, 09:31 AM

D' Alpinia @ Puchong

http://www.hapsenghomes.com/global/img/project/alpinia01.jpg
2 Storey Terrace Houses - Type RT2
Land Area: 22 x 75 feet
Build Up Area: 2000 sq. ft.

http://www.hapsenghomes.com/global/img/project/alpinia02.jpg
2 Storey Semi-D - Type RK3
Land Area: 35 x 65 feet
Build Up Area: 2300 sq. ft.

http://www.hapsenghomes.com/global/img/project/puchong-map3.jpg

Hap Seng Land Sdn. Bhd.

19th Floor, Menara Hap Seng,
Letter Box No. 81,
Jalan P. Ramlee,
50250 Kuala Lumpur.

Tel: 03 2116 9333 (Main)
03-2116 9345 (Customer Service Department)
03-2116 9346 (Sales & Marketing Department)
Fax: 03 2116 9300
Email: info@hapsenghomes.com.my

rizalhakim

March 10th, 2009, 09:40 AM

TEMPLER LAGENDA BUNGALOWS - OPEN FOR REGISTRATION, PRICE FROM RM 3 MILLION & ABOVE

http://www.khsb.com.my/images/custom/bungalows/bunglowa.jpg http://www.khsb.com.my/images/custom/bungalows/bunglowb.jpg

http://www.khsb.com.my/images/custom/bungalows/bunglowc.jpg

TEMPLER ANGGUN SEMI-D PHASE 1 (24 UNITS) OPEN FOR SALES, PRICE FROM RM 878,000.00 & ABOVE

http://www.khsb.com.my/images/custom/semi-d/semida.jpg http://www.khsb.com.my/images/custom/semi-d/semidb.jpg

http://www.khsb.com.my

rizalhakim

March 17th, 2009, 07:33 AM

found dis from http://www.inhabitat.com/2009/01/29/bird-island-by-graft-lab/

http://www.graftlab.com/

http://www.birdisland.com.my/

Bird Island: Zero Energy Home in Kuala Lumpur
YTL Green Home Competition,

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from http://www.zokazola.com

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rizalhakim

March 18th, 2009, 04:02 AM

PKNS: Niche products for final phase of Bandar Baru Bangi
By Sharen KaurPublished: 2009/03/18

THE Selangor Sate Development Corporation (PKNS) will introduce niche products at its multi-billion- ringgit Bandar Baru Bangi township in Selangor, as the final phase of development.

The 1,720ha township, which started in 1982 and is now home to 80,000 residents, is 96 per cent developed or 12ha remaining.

PKNS is using 7.2ha to build 94 units of two-and-a-half storey semi-detached houses in phases 1A and 1B, at its gated Puncak Bangi project at the township, under the build-and-sell concept.

Its development controller Siti Zubaidah Abdul Jabar said the balance 4.8ha will be used to build a hotel under the De Palma umbrella, a serviced apartment block, a mall and shop offices.

"We are finalising the building plans. We hope to start with the construction of the serviced apartment block by early 2010, and launch the units a few months later," she told Business Times in an interview in Bangi last week.

PKNS is launching this weekend phase 1B of Puncak Bangi, comprising 48 units with built-up of 3,581 sq ft to 3,893 sq ft. The houses are priced from RM850,000 to RM1.1 million each, or a combined RM40 million.

The modern contemporary homes, each with six bedrooms and five baths, faces Taman Tasik Cempaka, the Bangi Golf Resort, and a garden.

Unfazed by the state of the current economy, PKNS is expecting a good take-up for the homes as the project's participating banks are offering 100 per cent financing, including MRTA coverage.

"Purchasers need to only place RM10,000 as down payment for the purchase of a property. I am sure it would excite first-time house buyers," she said.

PKNS' optimism lies also on the fact that Puncak Bangi is the last project in Bandar Baru Bangi offering landed properties, and the township is strategically located, she said.

The township is linked to Kuala Lumpur by the North-South Highway and is a 30-minute drive from Kuala Lumpur and Seremban, and five to 10 minutes from Putrajaya and Cyberjaya.

"We are confident all the units will sell within these two days. We have 200 registrations, half of whom had registered for Phase 1A, but were unable to buy as the units were sold out," Siti Zubaidah said.

The Bandar Baru Bangi township, which is self-funded by PKNS, will be fully developed by 2011.

It is expecting 20,000 more residents by then.

rizalhakim

March 20th, 2009, 05:01 AM

http://www.easyhome.com.my/www/images/decor_aman_b3.jpg
Type Academy Precinct
2-Storey Link Semi-D
Land area: 32’ x 75’
Built-up: from 2,205 sq. ft.

4 bedrooms & 3 bathrooms
Spacious lanai area with contemporary interior design
Modern open plan concept
Walking distance to Pin Hwa school
Final phase of Semi-Ds
Indicative price from RM428,800
Location: Klang, Shah Alam

http://www.easyhome.com.my/www/inner4_aman_b3.php

mahsing easy scheme..pay only 5%..no payment until completion

rizalhakim

March 20th, 2009, 05:03 AM

Mahsing Easy Scheme-pay 5%..no payment until completion

http://www.easyhome.com.my/www/images/header_southbay.jpg

http://www.easyhome.com.my/www/images/decor_southbay.jpg
RESIDENCE @ SOUTHBAY
This luxurious 3-storey superlink homes offers Penang's first gated and guarded resort home development with its own Private Clubhouse facilities.

Residence @ Southbay, with only 284 units, forms the first release of the much anticipated Southbay City development.

Currently available:
Type A
Land area: 24' x 75'
Built-up: 3,413 sq.ft.

Type B
Land area: 22' x 75'
Built-up: 3,130 sq.ft.

http://www.easyhome.com.my/www/inner4_southbay.php

rizalhakim

March 20th, 2009, 07:07 AM

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http://www.mgp.com.my/

rizalhakim

March 20th, 2009, 07:50 AM

DBKL digesa batal projek banglo
KUALA LUMPUR 19 Mac – Dewan Bandaraya Kuala Lumpur (DBKL) digesa membatalkan terus projek pembinaan 21 unit banglo enam tingkat yang berharga antara RM10 hingga RM15 juta di Medan Damansara.

Ahli Parlimen Segambut, Lim Lip Eng berkata, ini kerana projek itu jelas melanggar syarat yang ditetapkan berhubung pembangunan di kawasan lereng bukit.

“Penduduk sekitar projek itu mempunyai semua fakta bagi menyokong setiap dakwaan yang mereka nyatakan selama ini. Isu ini tidak akan selesai sekiranya DBKL masih memandang ringan terhadap gesaan ini,’’ katanya di sini baru-baru ini.

Lip Eng menyatakan desakan itu sebagai mewakili penduduk yang kini tidak dibenarkan oleh mahkamah untuk mengeluarkan apa-apa kenyataan berhubung projek itu.

Katanya, walaupun projek di Medan Damansara itu adalah antara tiga projek berisiko di Kuala Lumpur yang diarahkan tidak meneruskan kerja-kerja pembangunan tetapi penduduk bimbang ia akan diteruskan semula satu hari nanti.

Beliau juga keliru dengan surat yang diterima daripada Jabatan Perancang Bandar DBKL bertarikh 20 Februari lalu dengan surat yang dikeluarkan Jabatan Pengairan dan Saliran (JPS) pada 8 Mei 2008.

“Surat daripada DBKL menyebut JPS tiada halangan ke atas pembangunan di atas lot-lot tersebut tetapi hendaklah mematuhi syarat-syarat JPS.

“Sebaliknya, surat JPS mencatatkan kawalan kerja-kerja tanah dijalankan di tapak berkenaan adalah tidak memuaskan dan jabatan itu mendapati pihak pemaju tidak pernah mengemukakan pelan kawalan hakisan dan kelodak,’’ujarnya.

Tambah Lim, pihaknya berharap dapat bertemu dengan Datuk Bandar Kuala Lumpur, Datuk Ahmad Fuad Ismail bagi membincangkan perkara itu.

rizalhakim

March 24th, 2009, 09:35 AM

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rizalhakim

March 24th, 2009, 09:43 AM

Asia Hills – The Courtyard Villas @ Bukit Jambul Penang
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rizalhakim

April 6th, 2009, 07:12 AM

June launch for Bluwater's RM3b Sri Kembangan project
By Sharen KaurPublished: 2009/04/06

http://www.bluwater.com.my/

BOUTIQUE property developer Bluwater Developments Bhd will launch the first phase of its RM3 billion residential project in Seri Kembangan, Selangor, in June, offering 18 bungalow lots worth a combined RM25 million, or RM150 per sq ft, for sale.

The bungalow lots, dubbed "Bluhaven", are part of the upscale Bluwater Estate, which sprawls over 100ha and will be developed over eight years by phases.

And depending on market demand, it will launch a few lakeside villas, priced from RM800,000 to about RM1 million each, in the second half of this year.

Bluwater Developments is a unit of Clearwater Group, controlled by Dian Lee Cheng Ling, eldest daughter of property tycoon Tan Sri Lee Kim Yew.

Dian Lee, who is Bluwater Developments managing director, said she believes in Bluwater Estate's product offering, which is planned and designed by award-winning architect Sim Boon Yang of Eco-id Architects.

In addition to bungalow lots and villas, the estate will have semi-detached homes and condominiums. Some 1,000 households will live there after its completion.

The company is targeting to sell the properties to buyers in Europe and Asia Pacific, including Malaysia.

"The market sentiment has weakened due to turmoil. There are, however, astute investors who continue to look for good quality and priced properties thus, we do see sales in our projects, albeit at a slower pace," Dian Lee told Business Times in Seri Kembangan recently, after inking a deal with GD Baby Programme (S) Pte Ltd for rights to distribute Glenn Doman learning tools in Malaysia.

She believes there is possibility of some form of recovery in the second half of 2009 as trillions of dollars are being pumped into global economies in the form of fiscal stimulus.

"There is a chance that recovery would be sooner. The stock market will probably lead the recovery, followed by the property markets," she added.

Glenn Doman Baby Malaysia Sdn Bhd, the lifestyle arm of Clearwater, will provide the learning kits and programmes for normal and brain injured babies and toddlers up to age six.

rizalhakim

April 6th, 2009, 07:13 AM

Bluwater project is learwater's second niche evelopment
Published: 2009/04/06

THE RM3 billion Bluwater Estate residential project in Seri Kembangan, Selangor, is the second niche development by local property developer Clearwater Group.

The group's flagship project is Clearwater Residence, a RM150 million boutique condominium in Damansara Heights, Kuala Lumpur, which is slated for completion by the end of this year.

More than 80 per cent of the condominium units, priced from RM900,000 each, have been sold since its launch a year ago, said founder and managing director Dian Lee Cheng Ling, eldest daughter of property tycoon Tan Sri Lee Kim Yew.

In expanding the group's business, Wisma Antah, a nine-storey office block adjacent to Clearwater Residence, was acquired from Antah Holdings Bhd for RM18 million, four years ago. The building will be refurbished and renamed WORK@Clearwater.

Clearwater also has 0.7ha of prime land in the upscale Bukit Tunku area in Kuala Lumpur, where it intends to build super luxury villas, worth over RM20 million each.

"We are waiting for approval to build the villas. Clearwater is expanding its lifestyle division, but property development will remain its core business," Dian Lee told Business Times.

The Bluwater Estate was previously known as the Mines Southlake, which was being developed by Mines Resort Bhd (MRB), the privately-held company of the elder Lee.

As he was scaling back his privately held local property development activities, Clearwater approached him to buy over MRB (now known as Bluwater Developments Bhd), which also owns The Heritage, for around RM350 million in mid-2008.

The Heritage features 842 condominium units in five 18-storey blocks, an eight-storey office building, and the two-level Heritage Village, which offers 120,000 sq ft of retail space.

"My father made a decision to relinquish some of his duties and responsibilities last year to focus more on his passion of charitable works and building his Mines Golf City. We saw the Mines Southlake as a dream project and took over from him. The company and the development were rebranded," Dian Lee said.

rizalhakim

April 6th, 2009, 07:52 AM

Plenty of land for development with Country Heights
By K.C LAW

AMID the current economic uncertainty, Country Heights Holdings Bhd is not targeting any aggressive launches this year, as it is focusing on selling its existing and completed properties. However, the company will stay flexible with its plans to adapt to the current volatile external environment.

“No point launching (projects), if you can’t sell above 60% (of the units)... it will only restrain your cash flow.

“We have set out different targets for different scenarios, so in case the market hits a downturn, we can react promptly. If the US recovers, the sentiment can change very fast...,” says Mark Rozario, the group’s managing director in an interview with StarBizWeek.

He says Country Heights has plenty of land available for development in most of its existing projects, as the company typically retains close to 20% of its completed units for investment purposes.

Mark... We will expand our healthcare business (prevention sector) aggressively, as this sector is recession proof.

For example, for its projects Country Heights Kajang and Cyber Heights Villas, it kept 100 units of the 500 villas for each project. These units are not pledged to the banks.

In addition, the company retains about one million sq ft of bungalow vacant lot in Country Heights Kajang. He says that the values of these vacant lots have appreciated to RM70 from RM6 per sq ft since it was first launched.

Very soon, Country Heights will offer bungalow lot landowners in the College Heights development in Pajam, Negeri Sembilan a special package to help them build their dream home which includes building to obtaining the certificate of fitness.

There will be five types of designs for landowners to choose from. However, for the package to work and to allow contractors to build the homes at a 30% discount, it needs to have at least 30 units of bungalow.

The average costs of constructing a bungalow with this package is between RM300,000 and RM400,000 or RM130 per sq ft.

According to Mark, Country Heights gearing ratio is less than 0.5 times, which he considers as “comfortable” based on the industry standard. In addition, he says the group’s assets are undervalued as most of them are carried in the books at historical prices which has since appreciated significantly.

On the property market outlook, he says the domestic market has not been too badly affected; some potential buyers are merely holding back on committing to big item purchases for the time being until market sentiments recover.

“A lot of this is related to confidence and the situation may recover fairly quickly.”

Banking on other drivers

Over the medium-term, he says the group’s main growth driver will be its hospitality, leisure and health division as well as the property investment divisions.

“We will expand our healthcare business (prevention sector) aggressively, as this sector is recession proof,” he says.

Towards this end, the company will expand its healthcare screening facility at Palace of The Golden Horses to 22,000 sq ft which is expected to be completed in three months.

“We have also just launched a traditional Chinese medicine centre at the Palace Beach and Spa few months ago,” he says.

So far, Country Heights’ healthcare division has about 12,000 memberships, all of them from the Klang Valley. Going forward, the company plans to extend its memberships overseas as well as include a wider demographic such as senior citizen, children and expatriate.

The company has another healthcare screening facility at Plaza Mont’Kiara.

He says the other growth driver for the company is the property investment division, particularly the Mines International Exhibition and Convention Centre (MIECC). The company has plans to install more exhibitions events.

However, for the long term, Country Heights core activity and earnings driver will still very much be property development.

This year, Country Heights expects to chalk up an annual revenue of RM200mil and capital expenditure of RM30mil.

Launches ahead

Country Heights’ rainforest development in Sarawak, the Borneo Highlands Resort, will launch 18 super-luxury bungalow lots this year.

This project, with one super-luxury bungalow lot per golf hole would cater to the international market.

The size of bungalow lots varies from one to two acres and will be priced and sold in US dollars. (The indicative price is US$4mil-US$5mil per lot.)

During the launch of Phase 1 to 3 of the smaller bungalow lots last year, Country Heights managed to sell 80 out of 103 lots.

Recently, it launched 46 lots of Phase 4 bungalows.

“There is huge potential for international market. No where in the world is there this kind of (rainforest development) environment. We didn’t cut down the trees, the golf course is built on the original terrain.”

Currently Borneo Highlands Resort’s existing landowners have already built about 30 bungalows. This development covers 5,000 acres of land but the company will only develop 1,000 acres for now.

As for the Country Heights Damansara project, after seeing only a handful of landowners building their dream homes there a few years ago, the numbers have slowly grown to 30 households today and by the end of this year, new homes are estimated to reach 100 units.

Mark expects over 200 homes to be built in the next three years. Country Heights launched a “build and sell” concept for ten of its vacant lands to encourage more landowners to build their bungalows.

“It helped a lot and things (sales of vacant lots and construction of new bungalows by landowners) can go quickly as well,” he said.

To date, it has completed six units of bungalow and sold four of them. Four other bungalows are still under construction.

Out of the 380 bungalow lots, it has sold 280 lots. That leaves another 60 lots available for sales, as the company will keep the remaining 40 lots.

Apart from that, Country Heights has also allocated 23 acres of land for cluster bungalow and 6 acres of land for the condominium development.

rizalhakim

April 7th, 2009, 08:27 AM

Country Heights in Sarawak venture

COUNTRY Heights Holdings Bhd’s 70 per cent subsidiary Borneo Heights Sdn Bhd is joining hands with Cougar Properties Sdn Bhd to construct, promote and market Borneo Highlands Resort & Golf course and eco-friendly and luxury villas in Kuching, Sarawak.

Borneo Heights, being the landowner, will procure all the necessary approvals and permits for the development of the villas while Cougar Properties has agreed to secure a minimum total sales value of US$160 million (RM584 million) for the villas.

http://www.borneohighlands.com.my/

rizalhakim

April 7th, 2009, 08:57 AM

I&P upbeat on next phase of Alam Impian township

ISLAND & Peninsular Bhd (I&P) is “cautiously confident” that all the 103 properties under the next phase of its Alam Impian township in Shah Alam will be almost sold within six months of launch in May.

Priced under RM400,000 per unit, the 22ft x 80ft Canting 2 double-storey terrace houses have an estimated gross development value of RM40mil.

http://2.bp.blogspot.com/_BWQmSsODfo8/Sc4ipqhn83I/AAAAAAAAFYs/AuipGmZO-KI/s400/Nukilan+houses+model.jpg
Noor Lida Nazri with a model of the Nukilan houses currently being developed by I&P at Alam Impian.

Group marketing and communication general manager Noor Lida Nazri says I&P is confident of strong response because of the project’s location.

“This is an integrated township, not a piecemeal development. It is very hard to get a good township in the Klang Valley.

“However, looking at the market condition now, we probably have to launch in stages as we do not want to flood the market.

“We have to be very cautious but we are confident that terrace houses are still something that people look for,” she tells StarBizWeek in an interview.

Alam Impian is a RM4.5bil township that is expected to be fully developed in 12 to 15 years. I&P plans to build about 10,000 homes on the 1,235 acres of freehold land.

Noor Lida says the next phase will only be launched when sales of Canting 2 have hit between 60% and 70%.

Since Alam Impian was launched in 2006, I&P has sold about 265 of the 309 units launched.

Two earlier phases, Canting and Tinta which were launched last December and in January, comprised 115 double-storey terrace houses and 106 semi-detached units respectively. Both phases are sold out and have been handed over to buyers.

Early this month, I&P launched Nukilan comprising 54 double-storey linked-houses with land area of 24ft x 80ft and priced from RM465,000 per unit.

Noor Lida says a lot of people are viewing the Nukilan show unit but making a commitment would take time due to the economic uncertainty.

“They need to check on financing and the downpayment. So far, we have sold 10 units,” she says, adding that the partial opening of Kemuning-Shah Alam Expressway (LKSA) has allowed quick access to Federal Highway and Shah Alam. The LKSA is expected to be completed by the middle of this year.

I&P has other township development such as Alam Damai (Cheras), Alam Sari (Bangi), Bayuemas (Klang) and Bandar Kinrara (Puchong). The company focuses on landed property and its products cater mostly for locals. It has a land bank of over 5,263ha in the peninsular.

rizalhakim

April 7th, 2009, 09:13 AM

Pearl Garden anchors Prai projects

In Seberang Prai, the largest project to be launched this year is the Pearl Garden, a joint-venture housing scheme by Taman Indah Group and Mutiara Goodyear Bhd.

The Pearl Garden, targeted for launch in May, comprises 616 bungalows, semi-detached, and terraced houses with an estimated gross sales value (GSV) of RM210mil.

“The Pearl Garden project is located in a 1,086 acre township developed by Mutiara Goodyear Bhd to become a fully integrated township for the Simpang Ampat community, which will serve as a growth catalyst in the region,” says Tambun Indah managing director Teh Kiak Seng.

Teh expects property prices on the mainland to remain resilient due to high land costs, insignificant decrease in raw materials except for steel, and high labour costs due to the shortage of construction workers.

“The current economic environment has affected the housing sector. In order to mitigate the effects, we are absorbing legal fees and stamp duty on transfer and zero interest for new purchasers during the construction stage,” he says.

Island Landcap Sdn Bhd, a company specialising in developing high-rise properties on the mainland, is launching some 350 units of apartments with an estimated GSV of RM65mil in Seberang Jaya at the end of 2009.

Its managing director Oon Weng Boon says that the yet to be named scheme, located on a seven acre site, would be equipped with life-style facilities.

They are mid-income homes, priced between RM150,000 and RM180,000, but they come with the facilities that you would enjoy from a high-end condominium on the island. These apartments are priced about 30% lower than landed properties on the mainland.

Oon says the company plans to launch another 650 units of apartments in 2010.

The company previously developed 300 units of similar type of properties called Cassia Resort Condominiums in Jalan Raja Uda.

rizalhakim

April 13th, 2009, 04:03 AM

OSK Property plans launches this year
By Sharen KaurPublished: 2009/04/13

OSK Property Holdings Bhd (6661), a property developer, will launch a few projects this year, mostly comprising new phases of existing developments.

It targets to launch phase two of Sutera Damansara, a 40ha gated development in Damansara Damai, Selangor, next month or in June.

There will be 200 terraced houses on offer, worth a combined RM120 million, or about RM500,000 each, executive director and chief operating officer Gerard Tan Boon Chuan said.

OSK Property is confident of sales and is targeting first-time buyers.
The first phase has 149 terraced houses, worth more than RM460,000 each, for sale. Launched five months ago, 110 units have been sold.

Tan told Business Times in an interview that Sutera Damansara has been projected to rake in RM1 billion in gross development value (GDV). Its initial target was RM600 million to RM800 million.

"While raw materials are cheaper, we are adding more features and products," he said.

In total, Sutera Damansara will have 2,000 units of two- and three-storey terraced and two- and three-storey semi-detached houses, medium- and high-rise apartments, and a small tract of commercial centre. The project is being developed over seven years.

In Seremban, OSK Property is launching phase two of Mont Jade, a 22ha gated community built around an Australian concept, next month or in June. It will offer 54 semi-detached homes worth RM26 million.

The final phase, slated for launch by year-end or early next year, will feature more than 100 bungalows and bungalow lots worth RM120 million.

OSK Property is also launching Bangi lakehill villas, an exclusive 4.8ha niche gated development in Bandar Baru Bangi, in the third quarter.

The project will feature 74 units of two- and three-storey semi-detached houses, priced from RM1 million each, or worth around RM80 million in total.

Tan said the company was on the lookout for land in the Klang Valley, instead of Kedah or Negri Sembilan, as profits were higher.

2206

April 25th, 2009, 02:15 PM

Kingfisher Coves, Kota Kinabalu

by Harn Sheng
http://farm4.static.flickr.com/3400/3471807893_8b27020c9d_b.jpg
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rizalhakim

May 4th, 2009, 10:51 AM

LBS to launch 1,420 medium-cost terrace houses

KUALA LANGAT: LBS Bina Group Bhd aims to launch 1,420 medium-cost terrace houses with a total gross development value (GDV) of RM218mil in the Klang Valley by year’s end, said managing director Datuk Lim Hock San.

The developer also has projects lined up in Ipoh, Cameron Highlands and Batu Pahat, Johor.

LBS will be launching 1,000 units in Bandar Saujana Putra and 420 units in Taman Tasik Puchong in the next few months, according to Lim.

From left: LBS Bina Group executive director Alan Chia Lok Yuen, Datuk Lim Hock San and staff members at the launch of Iris Garden in Bandar Saujana Putra Wednesday.

“We want to build affordable homes priced below RM200,000 for the middle-income group,” he told reporters here after the launch of Iris Garden in Bandar Saujana Putra yesterday.

Lim said the group had sold about 85% of the 220 single-storey houses under the Iris Garden series since their soft launch in February.

LBS is confident of selling by next month all the units which have gross built-up areas of 968 sq ft and priced from RM149,900.

“We will then launch our Ruby Garden project that consists of 200 terrace houses with GDV of RM30mil located in the same area. We also hope to launch phase two of Iris Garden this year,” Lim said.

To date, 4,800 property units worth RM499mil have been completed and delivered to buyers in Bandar Saujana Putra.

It also plans to launch 588 single-storey semi-detached houses priced below RM200,000 in Batu Pahat, Johor with a GDV of RM90mil.

A further 680 apartments and 300 townhouses in Taman Golden Hill in Cameron Highlands, with a combined GDV of RM140mil, will be launched by the year-end.

“There is still demand for property amid the current difficult times and we believe that this is a good time for buyers to buy as mortgage interest rates are very low,” Lim said.

On why the company had been very quiet in recent years, he said: “We have been quiet for the past two years but we hope to have a higher profile again this year. With the right products and business directions, I believe this year would definitely be better for us.”

LBS currently has a total landbank of 2,500 acres in the Klang Valley, Pahang, Ipoh, Batu Pahat and Zhuhai in China.

rizalhakim

May 5th, 2009, 03:53 AM

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rizalhakim

May 18th, 2009, 04:35 AM

Country Heights to speed up Pajam development
By Sharen KaurPublished: 2009/05/18

PROPERTY and leisure group Country Heights Holdings Bhd (5738) will speed up development to build bungalows at its College Heights project in Pajam, Negri Sembilan, to pave the way for new launches worth some RM400 million from end-2010.

The 444ha project was launched in 1995 and Country Heights had allocated 384ha for 2,200 bungalow lots and the rest to build a university campus, shop-offices and a commercial centre.

Although it sold 1,800 lots for RM300 million in the 1990s, buyers had been reluctant to build their bungalows due to the Asian financial crises.

Year to date, only 30 bungalows were built, of which 20 are owner occupied.
Country Heights has launched the "build your dream home" campaign in an attempt to get buyers to develop their lots.

Its group managing director Mark Rozario said the company has appointed contractors, architects and security providers to help buyers build the bungalows at 30 per cent cheaper than market price.

But to do that, it would need 100 buyers to agree before the contractors and the service providers embark on buying construction materials.

"The more materials their buy, the lower the building costs," Rozario said at a recent media briefing in Seri Kembangan, Selangor.

Rozario added that by lowering building costs, the contractors will be able to construct a single-storey bungalow for as low as RM177,000 and a double-storey bungalow from RM300,000.

"We are not making profits from this but helping buyers move into their dream home. Pajam is well developed and we feel it is an opportune time for our investors to realise the value of their land," he said.

Following the development of the bungalow lots, Country Heights will launch shop offices and the hypermarket and perhaps develop the university campus by the end of next year.

Pipeline launches may include a hospital and a hotel, among others.

Rozario said Country Heights will not be launching new projects this year in the Klang Valley due to the unfavourable market condition. The company will only embark on new launches at the end of next year.

Hence, Rozario said, he does not expect growth in the company's net profit and revenue this year.

"We are facing a challenging time but having said that, we have a property inventory of RM500 million. So we are sitting on very significant unrealised profits and some will be recognised this year," he said.

For fiscal year ended December 31 2008, Country Heights posted a net profit of RM9.2 million on revenue of RM241 million.

rizalhakim

May 18th, 2009, 10:57 AM

http://www.theatmosphere.com.my

rizalhakim

May 19th, 2009, 10:28 AM

Casuarina Classic laris

http://www.scientex.com.my/Kulai%20Web/kulai-casuarina-m.jpg

SCIENTEX Berhad membuktikan kedudukan kukuhnya sebagai pemaju yang menyediakan perumahan mampu milik di negara ini apabila lebih 40 peratus daripada 182 unit projek baru rumah teres dua tingkat, Casuarina Classic di Scientex Kulai, Johor dijual dalam masa dua minggu selepas dilancarkan.

Casuarina Classic yang dijual pada harga RM89,800 untuk Bumiputera dan RM92,800 (bukan Bumiputera) menarik minat pembeli dengan ciri reka bentuk moden dan keluasan yang munasabah bagi pembeli rumah pertama terutamanya pasangan muda.

Pengawal Kewangan Kumpulan Scientex Berhad, Jesselyn Chang, berkata sambutan pembeli terhadap Casuarina Classic yang juga termasuk dalam fasa kedua Scientex Kulai adalah di luar dugaan terutama di kalangan masyarakat setempat yang mencari kediaman pertama.

“Daripada pemerhatian kami sepanjang tiga minggu lalu, sebahagian besar pelanggan yang sudah membeli unit kediaman ini di kalangan pasangan muda yang berumah tangga kerana mereka berpendapat apa yang kami tawarkan ini mampu dimiliki.

“Menyediakan perumahan mampu milik tanpa mengenepikan aspek kualiti dan kepantasan projek disiapkan menjadi keutamaan kami, apatah lagi dalam suasana pembeli kini mempunyai pilihan pelbagai dari pesaing kami,” katanya ketika ditemui pada majlis pelancaran Casuarina Classic, semalam.

rizalhakim

May 19th, 2009, 10:29 AM

Scientex Kulai – Upcoming Launches

http://www.scientex.com.my/Kulai%20Web/kulai-upcoming.jpg
Double Storey Semi-Detached
Lot Size : 32' x 80'
Total Units : 90
http://www.scientex.com.my/Kulai%20Web/kulai-upcoming.html

rizalhakim

May 22nd, 2009, 04:07 AM

Fiabci Prix d' Excellence award for SP Setia project
Published: 2009/05/22

SP SETIA Bhd's (8664) eco-themed project in Johor, called "Setia Eco Gardens", has won the Fiabci Prix d'Excellence Award 2009 for Best Master Plan Development.

The win places Setia Eco Gardens among other global real estate gems, such as Twin Waters on the Sunshine Coast in Australia; Trump World Tower in New York, the US; Gardenville in Singapore; and Tokyo Bayfront East in Japan.

In a statement yesterday, SP Setia said that the Johor project was its second given the award by the Paris, France-based International Real Estate Federation (Fiabci). In 2007, the award was given to Setia Eco Park in Shah Alam, Selangor.

The 384ha freehold Setia Eco Gardens is being developed as an environmentally friendly township.
Considered the most prestigious of global real estate accolades, the Fiabci Prix d'Excellence rewards overall merit and not just aesthetics, functionality or size.

Projects are judged according to various criteria, such as architecture and technical innovation, marketing and financial success, benefits to the community and environmental impact.

Winners gain access to unique international platforms for their projects and companies throughout the extensive Fiabci network of more than 50 member countries and 110 professional organisations worldwide.

rizalhakim

May 22nd, 2009, 10:17 AM

http://thinkproperty.com.my/realestate/images/stories/Image/sering%20ukay.jpg

rizalhakim

May 24th, 2009, 10:28 AM

Clearwater focusing on green projects
By THEAN LEE CHENG

THE Clearwater Group aspires to turn its 240 acres in Seri Kembangan, Selangor, into an eco-friendly development under founding member and managing director Dian Lee Cheng Ling.

Known as Bluwater Estate, the leasehold gated and guarded development appears to be Dian’s most ambitious project to date.

Since her return from Australia where she studied communications, the eldest daughter of property developer Tan Sri Lee Kim Yew has been busy with several property projects.

Clearwater Developments Sdn Bhd was set up by Dian and three partners in 2006 and their first project was serviced apartments, Clearwater Residences in Damansara Heights. Since then, she has added three brands to the group – Clearwater, Bluwater and The Heritage.

Dian Lee
Clearly, the younger Lee would like to focus on eco-friendly projects. Yesterday, she flew off to New York’s Pratt Institute for a seven-week course on Sustainable Designs.

“It will cost quite a bit as Pratt is one of the premier design school in the United States for interior and architecture. I will also be taking my toddler son Jedi and his nanny with me,” says Lee.

She says motherhood has changed her and given her a new perspective on development.

“I’ve become more conscious of the environment we live in, the activities we can do to make this planet a better place for our future generations,” says Lee.

“I’m not the first to go on eco-friendly projects. There are other developers in town who have already done that but I would really like to go one step further.”

Lee has brought in Environmental Resources Management Ltd, a provider of environmental consulting services, to build Bluwater. She will be looking at four aspects – water, energy, landscape and waste management.

On the energy aspect, she says that at this preliminary stage, she would like all the 1,000-odd households to have solar heaters. She will also encourage the use of bicycles and buggies to go to the clubhouse instead of cars.

The properties there will be designed and built in such a way as to enable owners to collect rainwater for use. There are plans to keep the lake as clear and clean as possible for water sports.

The open-cast tin-mine lake will have lake-front bungalows. Right now, there are already two – her family’s weekend home and another which belongs to her father’s friend.

“We will spend RM2mil on trees and a lot more on landscaping to make this place as green as we can. We will also encourage better waste management, essentially the reuse, recycle and reduce concept with different bins for different types of waste. Our sewage system will not be linked to the lake.”

Lee says that after building several properties, she does not want to just build yet another project.

“I want to be passionate about it, to believe that this is the way to go.”

During a site visit, Lee says although there are some high tension cables running pass the main entrance, they do not cut across the housing estate.

The Bluwater Estate, formerly known as South Lake, used to belong to Mines Resort Bhd which was privately held by her father. She and her partners bought it at a “fair price” at a time when her father was scaling back his privately-held local property development activities.

She has also taken over a serviced apartment project fronting the lake, The Heritage, from her father.

Today, 600 of the 800 unit-project is tenanted. One of the blocks, comprising 200 units, will be sold en bloc.

“When the economy picks up, that will be sold. As it is, there is already a waiting list for those who want to rent units at The Heritage.

“With six universities and the Australian International School, which is located on Bluwater itself, we are confident there will be people who will want to invest in this area,” she says.

The studio units are already generating 8% to 10% yield for the owners (with rental of RM1,400 to RM1,500 a month), while the two- and three-room unit cost RM2,300 and RM2,500 to rent respectively, at a slightly lower yield.

The project is located across the highway from Mines Shopping Centre and fronts the lake in Bluwater Estate.

Bluwater is about 20km from the city and is served by the Besraya Highway, which is linked to several other highways.

However, The Heritage, although adjacent to Bluwater, will not be part of the gated and guarded development.

In the next couple of months, Lee aims to launch vacant bungalow land on Bluwater Estate at RM150 per sq ft.

These lots will be between 8,000 and 12,000 sq ft. Known as Bluhaven, there will be 18 lots initially.

The development will also have townhouses priced from RM850,000, semi-detached residential units and condominiums. These will be launched later.

rizalhakim

May 28th, 2009, 04:20 AM

Bertam Alliance to launch RM310m high-end projects
By Sharen KaurPublished: 2009/05/28

The developer will launch three high-end projects in Selangor and Langkawi to ride out the economic downturn and remain profitable

PROPERTY developer Bertam Alliance Bhd (9814) will launch three high-end projects worth a combined RM310 million in Selangor and Langkawi to ride out the economic downturn and remain profitable.

The company hopes to maintain its 2008 earnings via locked in sales and income from the projects, its executive chairman Ng Sing Hwa said.

For the year ended December 2008, Bertam made a net profit of RM5.5 million, up 28 per cent from 2007, on revenue of RM45.2 million.

Bertam, (formerly, UH Dove Holdings Bhd), is launching up to 30 bungalow lots in Langkawi worth over RM20 million in June, Ng said.
In July, it will launch Grand View, a gated and guarded community featuring 66 exclusive bungalows worth RM140 million (RM1.8 million to RM3 million each) in USJ1, Subang Jaya.

By September, Bertam will launch 72 bungalows in Kota Damansara, worth RM150 million, or RM1.8 million to RM2.2 million each.

Ng told Business Times after the company's shareholders meeting in Petaling Jaya yesterday that it is optimistic of selling the stocks within a year.

"Our properties are in established areas. So long as you don't overprice, there will be buyers. As a developer, I am quite happy with 25 per cent to 30 per cent profit margins," he said, adding that Bertam will emphasise on building houses in small numbers to remain cash flow positive.

It will also buy pockets of land from developers in choice locations instead of more than 40ha.

"Landbank kills if you are not careful and are over geared. If you buy land of more than 200ha, you will be cashflow negative, unless you have been able to develop it by more than 50 per cent. We won't toy with that risk," Ng said.

Ng added that Bertam will not lock-in a project that will last more than three years.

"Housing is an industry, not a real estate development. We buy land and keep on moving. We do not speculate or keep stocks. We have the right products to sell. We emphasis on design and do not overprice," Ng said.

rizalhakim

May 28th, 2009, 04:36 AM

rizalhakim

May 28th, 2009, 10:21 AM

Hock Seng Lee bags RM125.7mil job in Bintulu

PETALING JAYA: Construction group Hock Seng Lee Berhad on Thursday said that it was awarded a RM125.746mil sub-contract by Pembinaan Nomisual Sdn Bhd to build 1,000 affordable homes in Bintulu, Sarawak.

The project was due for completion by April 2012.

“The scope of works includes the construction of 1,000 units of affordable houses, related external works as well as the mechanical and electrical works,’’ the company said in an announcement to Bursa Malaysia.

Hock Seng Lee said the contract was expected to contribute positively to group’s earnings for the financal years ending 2009 to 2012.

rizalhakim

June 3rd, 2009, 09:51 AM

The Valley TTDI, Ampang

http://farm4.static.flickr.com/3228/3042374037_4cb8af28c8_o.jpg

http://farm4.static.flickr.com/3269/3043214094_f63a9fcc5c_o.jpg

http://farm4.static.flickr.com/3226/3043214028_69b0ebc23b_o.jpg

http://farm4.static.flickr.com/3239/3042373903_799defa086.jpg

http://www.nazattdi.com/

The Valley TTDI Ampang
The Valley TTDI is ‘one of a kind’ development with luxurious modern homes, low density living concept and an exceptional community centre built upon 35-acres of pristine land. It is reputed to be the only development in Kuala Lumpur surrounded by a forest reserve on three sides, designed for the discerning close to the Kuala Lumpur city centre. The Feng Shui themed concept features of light, water, wind and earth that blend in perfect harmony with nature.

The Valley TTDI homes are designed to maximize comfort, privacy and functionality. Fashioned in 3 exceptional modern designs, the inspiration of these homes comes from light, water, space and the surrounding natural ambience. Homes are place according to Feng Shui guided orientation, following the flow of the land and maintaining the low density configuration.

The units come in three (3) types that are as follows:
Bil Type Land area (sqft) Built up area (sqft) No. of units
1. Link Villa type A 4,080 5,336 66
2. Bungalow type B 4,675 5,354 56
3. Bungalow type C 7,000 8,412 12

Safety and well-being of the residents is another priority. The Valley TTDI provides a three layer security and wireless access. The Smart Home System provides a built-in lightning surge protector, local and remote telephone control, a panic button in the master bedroom, built in digital answering machine and concealed magnetic contacts for the various portals.

The Valley TTDI tries to incorporate the eco-friendly and energy efficient principle in the design of the houses as well as the whole development. These measures that contribute to the overall internal living spaces of the residents as follows:
1)Light
The Valley TTDI’s exclusive clubhouse uses Photovoltaic Technology to generate electricity.
Sun energy is capitalized to energize hot water supply through solar panels located on the roof.
The interplays of voids, large windows and sliding glass doors provide natural lighting for the units as well as inviting the ambience of nature living into the units.

2)Heat
Extra large roof overhangs and protruding hoods to provide an escape from the relentless heat, humidity and rain.
The overall masterplan was design in such a way that the orientation of the house does not face a direct sunlight.
Large overhangs roofs provides protection from the mid day sun as well as create calming shades.

3)Water
The development site comes with a natural stream and lake. The careful masterplan retains the original condition of the natural lake and stream. Furthermore interplay of water features were used to provide interesting intervals while at the same time harmonizing with the ambience of the whole development.
The individual units comes with a pond on the ground floor that help cool the air as it flows through the units as well as give the feel of inviting nature into the homes.

4)Recycling & Conservation
Natural spring water from the stream will be used for the water features.
Existing boulders are used to beautify the lake edge and to maintain the natural ambience.
To preserve the forest trees, it was transferred and replanted.
The stability of the surrounding hill slope is being studied by Geotechnical Specialist. Treatment and monitoring of the slope will be carried out on a regular basis.

Developer
NAZA TT DI Sdn Bhd(TT DI) has successfully completed more than 15000 residential and commercial units covering 1,400acres in Malaysia. New developments include the multi-billion integrated development within KLCC known as Platinum Park. Building upon solid track record over 35 years, Sound fundamental and strategic landbank, TT DI is well en-route towards Its vision as the premier property developer in Malaysia and will be expanding its presence globally.The Valley TTDI is ‘one of a kind’ development with luxurious modern homes, low density living concept and an exceptional community centre built upon 35-acres of pristine land. It is reputed to be the only development in Kuala Lumpur surrounded by a forest reserve on three sides, designed for the discerning close to the Kuala Lumpur city centre. The Feng Shui themed concept features of light, water, wind and earth that blend in perfect harmony with nature.

The Valley TTDI homes are designed to maximize comfort, privacy and functionality. Fashioned in 3 exceptional modern designs, the inspiration of these homes comes from light, water, space and the surrounding natural ambience. Homes are place according to Feng Shui guided orientation, following the flow of the land and maintaining the low density configuration.

The units come in three (3) types that are as follows:
Bil Type Land area (sqft) Built up area (sqft) No. of units
1. Link Villa type A 4,080 5,336 66
2. Bungalow type B 4,675 5,354 56
3. Bungalow type C 7,000 8,412 12

Safety and well-being of the residents is another priority. The Valley TTDI provides a three layer security and wireless access. The Smart Home System provides a built-in lightning surge protector, local and remote telephone control, a panic button in the master bedroom, built in digital answering machine and concealed magnetic contacts for the various portals.

The Valley TTDI tries to incorporate the eco-friendly and energy efficient principle in the design of the houses as well as the whole development. These measures that contribute to the overall internal living spaces of the residents as follows:
1)Light
The Valley TTDI’s exclusive clubhouse uses Photovoltaic Technology to generate electricity.
Sun energy is capitalized to energize hot water supply through solar panels located on the roof.
The interplays of voids, large windows and sliding glass doors provide natural lighting for the units as well as inviting the ambience of nature living into the units.

2)Heat
Extra large roof overhangs and protruding hoods to provide an escape from the relentless heat, humidity and rain.
The overall masterplan was design in such a way that the orientation of the house does not face a direct sunlight.
Large overhangs roofs provides protection from the mid day sun as well as create calming shades.

3)Water
The development site comes with a natural stream and lake. The careful masterplan retains the original condition of the natural lake and stream. Furthermore interplay of water features were used to provide interesting intervals while at the same time harmonizing with the ambience of the whole development.
The individual units comes with a pond on the ground floor that help cool the air as it flows through the units as well as give the feel of inviting nature into the homes.

4)Recycling & Conservation
Natural spring water from the stream will be used for the water features.
Existing boulders are used to beautify the lake edge and to maintain the natural ambience.
To preserve the forest trees, it was transferred and replanted.
The stability of the surrounding hill slope is being studied by Geotechnical Specialist. Treatment and monitoring of the slope will be carried out on a regular basis.

Developer
NAZA TT DI Sdn Bhd(TT DI) has successfully completed more than 15000 residential and commercial units covering 1,400acres in Malaysia. New developments include the multi-billion integrated development within KLCC known as Platinum Park. Building upon solid track record over 35 years, Sound fundamental and strategic landbank, TT DI is well en-route towards Its vision as the premier property developer in Malaysia and will be expanding its presence globally.The Valley TTDI is ‘one of a kind’ development with luxurious modern homes, low density living concept and an exceptional community centre built upon 35-acres of pristine land. It is reputed to be the only development in Kuala Lumpur surrounded by a forest reserve on three sides, designed for the discerning close to the Kuala Lumpur city centre. The Feng Shui themed concept features of light, water, wind and earth that blend in perfect harmony with nature.

The Valley TTDI homes are designed to maximize comfort, privacy and functionality. Fashioned in 3 exceptional modern designs, the inspiration of these homes comes from light, water, space and the surrounding natural ambience. Homes are place according to Feng Shui guided orientation, following the flow of the land and maintaining the low density configuration.

The units come in three (3) types that are as follows:
Bil Type Land area (sqft) Built up area (sqft) No. of units
1. Link Villa type A 4,080 5,336 66
2. Bungalow type B 4,675 5,354 56
3. Bungalow type C 7,000 8,412 12

Safety and well-being of the residents is another priority. The Valley TTDI provides a three layer security and wireless access. The Smart Home System provides a built-in lightning surge protector, local and remote telephone control, a panic button in the master bedroom, built in digital answering machine and concealed magnetic contacts for the various portals.

The Valley TTDI tries to incorporate the eco-friendly and energy efficient principle in the design of the houses as well as the whole development. These measures that contribute to the overall internal living spaces of the residents as follows:
1)Light
The Valley TTDI’s exclusive clubhouse uses Photovoltaic Technology to generate electricity.
Sun energy is capitalized to energize hot water supply through solar panels located on the roof.
The interplays of voids, large windows and sliding glass doors provide natural lighting for the units as well as inviting the ambience of nature living into the units.

2)Heat
Extra large roof overhangs and protruding hoods to provide an escape from the relentless heat, humidity and rain.
The overall masterplan was design in such a way that the orientation of the house does not face a direct sunlight.
Large overhangs roofs provides protection from the mid day sun as well as create calming shades.

3)Water
The development site comes with a natural stream and lake. The careful masterplan retains the original condition of the natural lake and stream. Furthermore interplay of water features were used to provide interesting intervals while at the same time harmonizing with the ambience of the whole development.
The individual units comes with a pond on the ground floor that help cool the air as it flows through the units as well as give the feel of inviting nature into the homes.

4)Recycling & Conservation
Natural spring water from the stream will be used for the water features.
Existing boulders are used to beautify the lake edge and to maintain the natural ambience.
To preserve the forest trees, it was transferred and replanted.
The stability of the surrounding hill slope is being studied by Geotechnical Specialist. Treatment and monitoring of the slope will be carried out on a regular basis.

Developer
NAZA TT DI Sdn Bhd(TT DI) has successfully completed more than 15000 residential and commercial units covering 1,400acres in Malaysia. New developments include the multi-billion integrated development within KLCC known as Platinum Park. Building upon solid track record over 35 years, Sound fundamental and strategic landbank, TT DI is well en-route towards Its vision as the premier property developer in Malaysia and will be expanding its presence globally.The Valley TTDI is ‘one of a kind’ development with luxurious modern homes, low density living concept and an exceptional community centre built upon 35-acres of pristine land. It is reputed to be the only development in Kuala Lumpur surrounded by a forest reserve on three sides, designed for the discerning close to the Kuala Lumpur city centre. The Feng Shui themed concept features of light, water, wind and earth that blend in perfect harmony with nature.

The Valley TTDI homes are designed to maximize comfort, privacy and functionality. Fashioned in 3 exceptional modern designs, the inspiration of these homes comes from light, water, space and the surrounding natural ambience. Homes are place according to Feng Shui guided orientation, following the flow of the land and maintaining the low density configuration.

The units come in three (3) types that are as follows:
Bil Type Land area (sqft) Built up area (sqft) No. of units
1. Link Villa type A 4,080 5,336 66
2. Bungalow type B 4,675 5,354 56
3. Bungalow type C 7,000 8,412 12

Safety and well-being of the residents is another priority. The Valley TTDI provides a three layer security and wireless access. The Smart Home System provides a built-in lightning surge protector, local and remote telephone control, a panic button in the master bedroom, built in digital answering machine and concealed magnetic contacts for the various portals.

The Valley TTDI tries to incorporate the eco-friendly and energy efficient principle in the design of the houses as well as the whole development. These measures that contribute to the overall internal living spaces of the residents as follows:
1)Light
The Valley TTDI’s exclusive clubhouse uses Photovoltaic Technology to generate electricity.
Sun energy is capitalized to energize hot water supply through solar panels located on the roof.
The interplays of voids, large windows and sliding glass doors provide natural lighting for the units as well as inviting the ambience of nature living into the units.

2)Heat
Extra large roof overhangs and protruding hoods to provide an escape from the relentless heat, humidity and rain.
The overall masterplan was design in such a way that the orientation of the house does not face a direct sunlight.
Large overhangs roofs provides protection from the mid day sun as well as create calming shades.

3)Water
The development site comes with a natural stream and lake. The careful masterplan retains the original condition of the natural lake and stream. Furthermore interplay of water features were used to provide interesting intervals while at the same time harmonizing with the ambience of the whole development.
The individual units comes with a pond on the ground floor that help cool the air as it flows through the units as well as give the feel of inviting nature into the homes.

4)Recycling & Conservation
Natural spring water from the stream will be used for the water features.
Existing boulders are used to beautify the lake edge and to maintain the natural ambience.
To preserve the forest trees, it was transferred and replanted.
The stability of the surrounding hill slope is being studied by Geotechnical Specialist. Treatment and monitoring of the slope will be carried out on a regular basis.

Developer
NAZA TT DI Sdn Bhd(TT DI) has successfully completed more than 15000 residential and commercial units covering 1,400acres in Malaysia. New developments include the multi-billion integrated development within KLCC known as Platinum Park. Building upon solid track record over 35 years, Sound fundamental and strategic landbank, TT DI is well en-route towards Its vision as the premier property developer in Malaysia and will be expanding its presence globally.