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Antiguo 11-07-2008, 10:58:46   #41
rizalhakim
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Antiguo 11-07-2008, 10:59:35   #42
rizalhakim
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Antiguo 15-07-2008, 06:02:15   #43
rizalhakim
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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.


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.”
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Antiguo 16-07-2008, 10:36:59   #44
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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.
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Antiguo 18-07-2008, 05:20:44   #45
rizalhakim
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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.


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.
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Antiguo 21-07-2008, 08:57:27   #46
rizalhakim
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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.
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Antiguo 21-07-2008, 09:06:58   #47
rizalhakim
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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.


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.
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Antiguo 23-07-2008, 04:51:16   #48
rizalhakim
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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.
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Antiguo 23-07-2008, 05:09:28   #49
rizalhakim
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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.
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Antiguo 23-07-2008, 10:15:13   #50
rizalhakim
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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
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Antiguo 23-07-2008, 10:24:26   #51
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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.
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Antiguo 29-07-2008, 05:44:57   #52
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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.
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Antiguo 29-07-2008, 06:23:23   #53
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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.



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
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Antiguo 29-07-2008, 06:30:55   #54
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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



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.
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Antiguo 29-07-2008, 10:34:21   #55
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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.
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Antiguo 30-07-2008, 05:02:36   #56
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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.”
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Antiguo 30-07-2008, 10:04:10   #57
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Ministry relooks Damansara project
K. Harinderan


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.
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Antiguo 01-08-2008, 08:47:56   #58
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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.
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Antiguo 05-08-2008, 05:03:15   #59
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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.
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Antiguo 06-08-2008, 04:41:43   #60
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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.


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.”
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