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Monday, March 10, 2008

MRCB Utama offers resort features in Laman Suria

MRCB Utama Sdn Bhd, a subsidiary of Malaysia Resources Corp Bhd, is trying to lure those working in the city of Kuala Lumpur to move to Kajang, Selangor, with its Balinese-themed Laman Suria apartments in Taman Kajang Utama.Describing them as “e-resort” apartments, MRCB Utama’s sales and marketing manager Chiang Hon Kit said the 4-acre freehold development has resort features with each unit equipped with an alarm system, an electric clothes dryer and entry via personal access cards.Comprising a total of 255 units, priced from RM88,000 to RM168,00, buyers have a choice of five designs with built-up sizes of 687 sq ft, 840 sq ft, 850 sq ft, 870 sq ft and 879 sq ft.Chiang told Property Plus that the response has been very encouraging. “We are banking on Laman Suria’s affordable pricing, easy accessibility and full-condo facilities to attract potential buyers,” he said.Block A of the 5-storey apartments were launched in the iddle of 2006, comprising 99 units that have been fully taken up, while 50% of Block B’s 87 units were sold within a couple of weeks, said Chiang. The units are currently under construction.“Block C, with 69 units, is scheduled for launch soon,” he added.
(The Sun 7-3-2008)

New Development : Bandar Kinrara

I&P’s other developments include Bandar Kinrara, Alam Damai in Cheras, Alam Impian in Shah Alam, and Kota Bayuemas in Klang. In early January, the developer launched Phase 4D5 of shop offices at the RM3.9 billion freehold township, Bandar Kinrara. Out of 30 units, only 20 were opened for sale while the remaining 10 units were retained as assets, said Jamaludin.Currently about 30% sold, the shop offices come in six designs with standard lots measuring 22ft by 80ft and builtups between 4,960 sq ft and 10,896 sq ft. Pegged between RM1.68 million and RM3.99 million, these units are targeted at business owners, banks, restaurant owners and investors. “The land is currently being cleared, and the project is targeted for completion within three years,” said Jamaludin.Meanwhile at the residential parcel of Bandar Kinrara, the developer launched Phase 9A9A also known as “Butik Bungalow”. According to Jamaludin, the 14 units of 2-storey bungalows have been 30% sold since it was opened for sale in November last year. Available in five types and five designs, the homes are priced between RM1,137,888 and RM1,459,888.There are also two bungalow lots for sale within this phase. “These are affordable and modulardesign bungalows with big land areas, which allows room for future expansion.The homes are targeted at the middle to higher-income group, and for those looking to upgrade,” said Jamaludin. The bungalows come in lot sizes of between 7,200 sq ft and 11,000 sq ft and built-ups of between 2,714 sq ft and 3,030 sq ft. “It is now at the foundation stage and will be completed in approximately two years,” he added.
(The Sun 7-3-2008)

New Development : Alam Sari Part II

Located within the heart of Bangi, about 3.5km south of Bandar Baru Bangi, Alam Sari has a gross development value (GDV) of RM1 billion and takes up 432.5 freehold acres. Set within the vicinity of higher learning institutions such as Universiti Kebangsaan Malaysia (UKM), the EPF Training Centre (ESSET) and the Petronas Management Training Centre, the “Neighbourhood of Academia” township will feature academically themed parks and precincts.Upon completion, the township is expected to have 3,435 units of residential properties including semidees, bungalows, orchard lots and apartments as well as shops, convenience centres and a supermarket or mall complemented by facilities and amenities such as schools, kindergarten, a community hall, police station, parks and gardens.With an expected population of 17,000 upon full occupation, the township would take between eight and 10 years to complete. “Construction for Phase 1P1 which commenced in November last year, is currently in progress and targeted for completion in the middle of 2009,” said Jamaludin.
(The Sun 7-3-2008)

New Development: Sri Alam, Bangi Part I

ISLAND & Peninsular Bhd (I&P) has planned four launches comprising terraced and semi-detached homes this year for its Alam Sari project located in the township of Bangi, Selangor. Having sold out Phase 1P1 of Ilmia during its sales launch in November last year, the developer will be launching Phases 1P2 and 1P3 before the end of this month.I&P group managing director Datuk Jamaludin Osman told PropertyPlus that most of the buyers of Phase 1P1 were from and within the Bangi locality. “Buyers in Bangi look for landed property with freehold titles. There are purchasers who upgrade from living in apartments to landed homes; there are also some who upgrade from terraced homes to semidees,” he shared.Phase 1P1 homes were priced between RM248,088 and RM512,760 and offered 90 units of 2-storey terraced homes sized at 22ft by 75ft with built-ups ranging from 2,099 sq ft to 2,271 sq ft. With Phase 1P2 and 1P3, I&P expects to put out 60 units of 2-storey terraced homes and 32 units of 2- storey cluster homes respectively.Homes in Phase 1P2 are sized at 22ft by 75ft with built-ups from 2,044 sq ft to 2,500 sq ft while Phase 1P3 homes are sized at 33ft by 85ft with builtups between 2,400 sq ft and 2,600 sq ft. The homes are tentatively priced at RM255,000 for Phase 1P2 and RM448,000 for Phase 1P3. According to Jamaludin, these homes are targeted at government servants, businessmen and a multiracial community.“Phase 1P3 offers cluster-style homes, which are planned in clusters and short rows. The homes are built according to the natural terrain and are functional, with a practical layout suitable for modern-day needs. These homes are also designed to be protected from the sun and rain,” explained Jamaludin.
(The Sun 7-3-2008)

Malaysia Property Mart Outlook 'Very Bright'

Prospects for the Malaysian property market this year continue to be bright, with the residential sector expected to be the star performer yet again, says top real estate services company CH Williams Talhar & Wong (WTW).The commercial sector, however, is set to become increasingly important as property trusts actively look to expand and foreign property funds continue to show keen interest here.As usual, the Klang Valley is expected to lead the market, but things are also looking good in places like Johor Baru (Johor) and Butterworth (Penang)."Overall, the outlook is very bright. Property prices haven't peaked. Foreign interest is helping drive the market, but there's also a lot of local interest," WTW managing director Goh Tian Sui said yesterday at the launch of its property market and CEO opinion survey for 2008.
(New Straits Times 7-3-2008)

Property market to keep drawing foreigners

KUALA LUMPUR: The property market will continue to attract strong foreign interest, says international property consultant CH Williams Talhar & Wong Sdn Bhd (WTW). Managing director Goh Tian Sui said the economic slowdown in the US and Britain had drawn investors to Malaysia due to the higher dividend yield compared with its regional peers. The exemption of the real property gains tax (RPGT) announced in Budget 2008 was also another pulling factor, he told reporters at the release of the WTW Property Market Outlook for 2008 & CEO Opinion Survey yesterday. According to the survey results, 90% of respondents said the RPGT exemption would have a positive impact on the local property industry, while 96% thought the exercise would increase the volume of transactions in the industry. Read more
(The Star 7-3-2008)

IDR highway project to be completed by 2010

JOHOR BARU: The construction of the RM1.1bil Coastal Highway has begun and the 15km six-lane project is expected to be ready by 2010. The highway's seven interchanges and three bridges would be a lifeline for the Iskandar Development Region (IDR) as it provides a vital road link between the east and west of South Johor, Mentri Besar Datuk Abdul Ghani Othman said. He said site-clearing works had begun and they would be followed by piling and construction. “It is one of the biggest infrastructure projects within the IDR,” Ghani said in a statement. The highway will connect Johor Baru city to the Johor State New Administrative Centre in Nusajaya (JSNAC) and the Second Link crossing. JSNAC, the nexus of the IDR, is 90% completed and will be ready for occupation by June.
(The Star 7-3-2008)