New Development: Bindev to unveil final phase of Bukit Istana

KUANTAN: Bindev Sdn Bhd is offering properties worth about RM70mil under the final phase of its upmarket and low-density residential project Bukit Istana.The units would have a land size of 4,000 sq ft and built-up areas of 3,000 sq ft, said branch manager Lim Yoke Kim.“The third and final phase will comprise 148 double-storey semi-detached units and four bungalows. The units are priced from RM480,000,” he said.The last phase boasts features such as high ceiling, high-panel glass windows to allow more natural sunlight into the house and three-phase electrical wiring.A subsidiary of PJ Development Holdings Bhd (PJD), Bindev commenced construction of Bukit Istana during the 1997 financial crisis and has completed 150 bungalows, 226 double-storey semi-detached units and 72 single-storey units, of which about 92% are sold.
The project covers 54.4ha and has a gross development value of about RM250mil. Read more

(The Star 5-4-2008)

New Development: Taman Scientex Pasir Gudang and Kulai

KULAI: Scientex Inc Bhd expects to generate RM1.3bil in gross development value from its two ongoing property projects in Johor. Group managing director Lim Peng Jin said RM800mil would come from its Pasir Gudang project and RM500mil from its Kulai project.The two projects will keep us busy for the next eight years,” Lim told StarBiz at the recent launch of Scientex Kulai's sales office and show village.Lim said Scientex's flagship project in Pasir Gudang, launched in 1996, had generated RM1.5bil from sales of 5,360 residential and commercial property units.He said 40% of the 404.68ha Taman Scientex Pasir Gudang had been developed and in the pipeline were 6,700 units of mixed properties.Lim said its latest project, Scientex Kulai, on 101.17ha would have about 4,000 residential and commercial properties upon completion in eight years. He said the Kulai project was located about 9km from Kulai town and easily accessible from the North-South Expressway.“Our two projects are within the Iskandar Development Project with Pasir Gudang in the East Development Gate and Kulai as the Secondary Urban Promotion Area,” Lim said.

(The Star 1-4-2008)

New Development: Residential in Klang

(The Star 31-3-2008)

Well-planned projects change landscape

THE advent of big developers with their sizeable and well-planned townships has transformed the Klang-Shah Alam corridor from a sleepy hollow into a robust address.The developers have brought new concepts, including lifestyle resort living and modern, contemporary designs, in well-planned developments.Besides offering new standards in home design, quality and concept, they also helped to improve the existing infrastructure and amenities.New trunk roads and highways have sprouted, making this corridor more accessible to homeowners from suburbs like Petaling Jaya and Subang Jaya.More exciting and innovative property products, both residential and commercial, have been lined up for the Klang-Shah Alam corridor.At SP Setia Bhd's Setia Alam, the first commercial hub, Eramas is shaping up well with prominent tenants such as banks, eateries, clinics and convenience stores.The new modern commercial centre Setia Avenue will have a Tesco hypermarket as the anchor tenant while the Setia Alam Clubhouse will break ground soon.Read more

(The Star 31-3-2008)

Penang Goes Posh

FOR centuries, Penang has attracted traders, seafarers and adventurers from far and wide. Today, the island is no less popular, being one of Malaysia’s front-runners in the real estate investment market after Kuala Lumpur. It is against this backdrop of sun and surf, and city living that E&O Property Development Bhd is building the largest waterfront project there. The company laid the foundation for the Seri Tanjung Pinang community by first selling double-storey terrace and semi-detached housing. It recently took things a notch higher by launching bungalows in three designs. Known as Skye, Abrezza and Martinique, the bungalows are set apart from other landed developments taking place on the island because of several factors. The first is the overall ambience. Each home design draws inspiration from the different elements around the world that make living a pleasure. Although the look, feel and design vary, a single thread binds them and the buyers who take to them – the desire for the finer things in life.Those who have visited the show village and the show houses would probably agree that Martinique is the most spectacular of the three.It blends classic lines with the best of materials like nyatoh balustrades, Italian marble flooring and Burmese teak. Fronting the Straits of Malacca and enveloped by a meandering waterfront promenade, Martinique is a double-storey white sprawling mansion reminiscent of the white and beige plantation manors of the Caribbean Islands.Much thought has gone into interior decor to give ideas and options to potential buyers. There are several living areas, depending on the purpose and degree of formality of the occasion. The guest pavilion on one wing offers breathtaking views that sweep into the lawn, sea-front promenade and the azure blue sea. Your guest will not want to leave after this by-the-sea experience. Depending on the land size, which varies between 11,000 and 13,000 sq ft, Martinique (built-up: 9,000sq ft) begins from RM6.7mil. There are 12 units of Martinique, of which four have been opened for sale. Of these, two have been sold.

(The Star 29-3-2008)

New Development: Royale Palms Villas, Putra Heights

The developer launched 36 units of Royale Palms Villas, which are two- and three-storey zero lot bungalows, at Putra Heights in December last year. With land areas ranging between 3,825 sq ft and 7,276 sq ft and built-ups of 4,170 sq ft to 4,900 sq ft, prices start from RM1,388, 888. More than 50% of the units have since been sold.Meanwhile, Abd Wahab said the completion of the Putra Point shopoffices at Putra Heights would also add value and enhance the appeal of the township.“Access to the township will be excellent with the completion of the new RM65 million interchange at the ELITE highway at the end of the year as well as the existing interchange at the LDP highway. There will be time savings of up to 15 minutes for journeys to Putrajaya and Kuala Lumpur International Airport too,” he added.The developer has completed and handed over five of six phases of the Putra Point two- and three-storey 24ft by 80ft shopoffices totaling 324 units, all sold out. The prices ranged between RM548,888 and RM808,888.About 10% of the businesses have moved in and they include restaurants, mini markets as well as furniture and hardware shops.Putra Heights was first unveiled in 1999 and to date, the developer has completed about 6,000 properties including double-storey linked homes, bungalow lots, apartments as well as shopoffices. It comprises eight enclaves featuring 11,500 residential and commercial properties. It is expected to be fully completed by 2013.Sime Darby Property has also launched the last phase of its gated RM200 million Planters’ Haven development located near Nilai in Negri Sembilan. There are 95 units of one- and two-storey bungalows left for sale. The homes come in three designs with land areas of one to 2.2 acres, and built-ups between 4,720 sq ft and 7,100 sq ft. respectively. Prices start from RM1.5 million and the maintenance fee is set at three sen psf based on the land area. About 200 people attended the launch, most of them from Kuala Lumpur.The 270-acre freehold project comprising 158 bungalows was introduced in 1996. It is set within matured orchard land with amenities such as a recreational lake, tree house, stables, horse trail, playground, barbeque area and jogging tracks. There is also a lakeside clubhouse with swimming pool, gymnasium, multipurpose hall and a tennis court. Planters’ Haven would be completed in the next four to five years.

New Development: Taman Desa, Kepong

“The existing unbilled projects of RM200 million are from our projects in Taman Desa and Kepong, Kuala Lumpur,” said Faber’s managing director Adnan Mohammad at the group’s Q42007 analysts and media briefing yesterday.Besides its flagship development of Taman Desa, Faber is currently developing the 100-acre leasehold Laman Rimbunan in Kepong with a gross development value (GDV) of RM622 million.Adnan said its on-going project Casa Desa in Taman Desa, consisting of 410 units of apartments with a GDV of RM133 million, has been slightly delayed due to some site issues. It was previously targeted for completion in December last year. The handover is now expected to be in June this year.

(The Sun 28-3-2008)

New Development: Bandar Saujana Putra and Min Gardens

LBS is also launching 41 units of 2-storey houses, named Min Gardens, with an estimated GDV of RM 11.3 million. Lim said Min Gardens’ properties, each with built-ups of 1,400 sq ft, are expected to be priced from RM260,000 onwards. The developer is currently offering 48 units of 2-storey terraced houses priced from RM250,000 onwards, with a built-up size of 1,200 sq ft each.LBS has a 500-acre undeveloped land bank in Bandar Saujana Putra. It has to date, completed and sold 4,000 units of low and medium cost properties in the 820-acre, RM5 billion-township since its launch in 2003. When completed over the next three to four years, Bandar Saujana will have more than 12,000 units of mixed development properties.In Taman Tasik Puchong also in Selangor, LBS is launching projects with a GDV of RM32.44 million comprising 90 units of 1,200 sq ft 2-storey link houses and 48 units of 1-storey cluster link houses. These units are also expected to be priced from RM200,000 onwards.And in Taman Perindustrian Tasik Perdana in Selangor, LBS will launch projects worth RM90.4 million comprising 40 units of 1 1/2 –storey factory lots measuring 2,000 sq ft and priced from RM500,000 onwards, and 44 units of 1 1/2 –storey semidee factory units with 7,500 sq ft and priced from RM 1 million onwards. Another 16 industrial lots will also be sold in the vicinity with prices ranging from RM1.3 million onwards.By early next year, LBS will launch 22 units of semidees in Carnation Park, Cameron Highlands with an estimated GDV of RM12.6 million. The houses will have built-ups of 2,700 to 2,900 sq ft. Prices have yet to be determined.

(The Sun 27-3-2008)

New Development: Bandar Saujana Putra (LBS Bina)

SHAH ALAM: Local developer LBS Bina Group Bhd has slated four projects worth more than RM330 million for launch in the Klang Valley this year.According to its managing director Datuk Lim Hock San, they will be focusing on building medium and medium-high cost properties.At its flagship development of Bandar Saujana Putra in Selangor, LBS is expected to launch medium and medium-high end houses with an estimated gross development value (GDV) of more than RM179 million this year. “We are waiting for approval from the relevant authorities on these projects and will make an announcement in the coming months,” said Lim.Among the projects slated for Bandar Saujana Putra are 78 units of 3- and 5-storey shop officeswith a GDV of RM71.5 million, 67 units of 2-storey linked houses with built-up area of 990 sq ft, and 74 units of 2-storey linked houses with built-up of 1,400 sq ft. The houses have an estimated GDV of RM37.8 million, priced from RM200,000 onwards.“We will also be launching 15 industrial lots with an average acreage of 1.38 acres,” said Lim, after the company’s EGM recently. The industrial lots are expected to carry a GDV of RM78.7 million.

(The Sun 27-3-2008)

New Development: Laman Rimbunan, Kepong and Taman Hilltop, Sabah

Adnan disclosed in Kota Kinabalu, FHD will be launching a RM31 million high-end development within the exclusive Taman Hilltop. To be called Hilltop Perdana, it comprises 32 semi-dees and two linked bungalows with average built-up area of 4,000 sq ft. With a selling price of between RM869,060 to over RM1 milllion, the launch is scheduled for the 2Q2008.“Taman Hilltop is an established and exclusive area in Kota Kinabalu. We anticipate very good response there,” said Adnan, adding that within the same vicinity, all high-end developments have been fully taken up.FDH, through its subsidiary Rimbunan Melati Sdn Bhd, is currently developing Laman Rimbunan in Kepong, Kuala Lumpur. The mixed development consists of shop offices, 3-storey terraced houses, and medium and low-cost apartments. It is a JV between FDH and Cekap Corporation Bhd, where FDH holds a 55% stake.Spanning over a 100-acre leasehold tract fronting Jalan Kepong, Laman Rimbunan has a gross development value of approximately RM618 million, consisting of six phases. To date, 60% has been developed, comprising 50-units of 3-storey shop offices and 243 units of 3-storey terraced houses. On-going developments include 360 units of lowcost apartments, eight units of 2-storey shop offices, and 148 units of 3-storey Mawar houses.“Response has been very encouraging. Our 3-storey shop offices, 3-storey houses and low-cost apartments have been fully sold. The second phase of our 3-storey Mawar terraced houses have seen a takeup of 95%,” said Adnan.The Mawar houses have built-up of 3,033 sq ft and a lot size of 22 ft by 75 ft. Launched in November 2006, with pricing at RM471,800 onwards, it is expected to be ready by November this year.Launched earlier this month was its third phase, Matahari, comprising 193 units of 3-storey terraced houses with a lot size of 22ft by 75ft and built-ups from 3,025 sq ft for intermediate units and 3,689 sq ft for corner units. Intermediate units are going from RM547,800 while end lots are priced from RM843,800.Adnan said 50% was sold within a week of the launch. The GDV of Matahari is over RM119 million.According to the developer, a Matahari unit features a 700 sq ft junior master bedroom on the third floor. Laman Rimbunan also boasts the use of high quality materials. The Construction Industry Development Board (CIDB) Malaysia, graded the construction quality of the project's first phase (terraced houses) as above average, or 70%.“The property market in Kepong is vibrant," said Adnan, citing an example of some shop offices that were bought for RM1 million in August 2005 and were recently sold (subsale) for RM1.5 million."For our houses, the buyers are mainly owner-occupiers from Petaling Jaya, Kepong and Taman Desa,” he added. FHD is in the midst of securing more lands within Klang Valley, including one in Puchong. The developer will also be looking at collaborations with its sister company, UEM Land, and will continue to either acquire land or possible JVs with landowners.

(The Sun 24-3-2008)

New Development: Taman Desa,KL

KUALA LUMPUR: Faber Development Holdings Sdn Bhd (FDH), a member of Faber Group Bhd, is set to launch two new projects in Taman Desa here and an exclusive development in Kota Kinabalu, Sabah this year. Within its flagship development in Taman Desa, FDH will launch a joint-venture (JV) project with Dewan Bandaraya Kuala Lumpur (DBKL) comprising 40 units of semi-dees and six bungalows with an average built-up of 4,000 sq ft and 7,000 sq ft respectively.The proposed average selling price for the semidees is RM1.4 million, and RM2.85 million for the bungalows. The target launch for the JV is the 2Q2008, Faber group managing director Adnan Mohammad told theSun in an interview recently.“There is also a lakeside condominium in Taman Desa that we plan to launch by the 3Q2008,” he added. The lakeside development would consist of 176 units of luxury condominiums, with an average builtup of 1,279 sq ft. The proposed average selling price is RM400,000.According to the developer, the two developments to be launched in Taman Desa are adjacent to each other.

(The Sun 24-3-2008)

New Development: Barisan Elite-AJ Serene Serviced Apartments

To be launched in July are 800 units of middle-range serviced apartments in AJ Serene and five units of 2-storey standalone showrooms in AJ Gallery. Units in AJ Serene are priced from RM90,000 with average sizes at 850 sq ft.“The apartments are targeted at factory supervisors and executives in the industrial area, as well as UiTM lecturers and students. It would be a convenient living choice as eateries and shopping areas are just a walk away,” said Ong.Meanwhile, the developer has positioned AJ Gallery as an ideal showroom for businesses to display their products. “Food and beverage outlets or even interior design companies can opt to set up offices here as there is high visibility, individual compounds and private car parking. The unit prices are from RM1.6 million with built-ups of 7,000 sq ft.”As for AJCC’s final component, the AJ Hypermarket, Barisan Elite is in the midst of finalising theagreements to have a hypermarket chain set up business by 2009. The entire development is expected to be completed by end- 2009 and the developer is planning for a mega opening carnival to create a publicity buzz.In the pipeline for Barisan Elite is the development of a 300-acre land adjacent to AJCC. Project development for the commercial and industrial lots are set to commence by end-2008.“We will be continuing with the Alam Jaya brand name as we aspire to have the whole area known as Alam Jaya. For the future project, there will be more industrial products than commercial because there is strong demand for medium-size factories in this area and we are going to capitalise on that. We still have a waiting list of buyers wanting to buy units from our previous development,” said Ong.

(The Sun 22-3-2008)

New Development: Sutera Damansara Garden Community (PartII)

Apart from Sutera Damansara, OSK Property has another project in the pipeline.“We have a high-end development planned on Jalan Yap Kwan Seng, for which we have submitted the plans for approval,” said Wong, adding that the development will be a high-rise luxury condo within the KLCC area. The GDV is yet to be finalised.One of OSK Property’s ongoing developments, Taman Sri Banyan has recently been completed. “We are applying for Certificate of Fitness (CF) now and will handover in April,” said Wong. Located in Country Heights, Kajang, the luxury bungalow project was launched in July 2007.Out of 16 bungalow units, eight have been sold, while all 10 semidee units have been sold. The bungalow units are tagged at RM2 million each while the semidees are tagged at RM1.2 million each. According to Wong, the freehold project attracted buyers from the Klang Valley, Bukit Jalil and Kuala Lumpur areas and most of them are professionals and local businessmen.He attributes this to the accessibility of Country Heights to Kuala Lumpur via the KL-Seremban Highway.There will be a promotional event tomorrow at Taman Sri Banyan between 5pm and 9pm.OSK Property’s other projects include Mont’Jade, a series of hillside bungalows in Seremban and Seremban 3, a freehold township where it recently launched 36 units of 1-storey shoplots early this month.OSK Property’s flagship project, said Wong, is the 2,500-acre township named Bandar Puteri Jaya in Sungai Petani, Kedah.Launched in 1999, the development is approximately 50% developed.

(The Sun 21-3-2008)

New Development: Sutera Damansara Garden Conmmunity

LOCATED in Sungai Buloh, close to Sierramas, Valencia and Bandar Sri Damansara is OSK Property Holdings Bhd’s (OSK Property) first landed development in Petaling Jaya.Sutera Damansara takes up 100 leasehold acres, and according to Stanley Wong (pix), senior sales and marketing manager of OSK Property, about 80 out of the 100 acres has been planned with a gross development value (GDV) of RM400 million.A joint venture (JV) between OSK Property and Permodalan Negeri Selangor Bhd (PNSB). theproject’s first phase, Sutera Ria comprises 431 units of 2-storey linked homes. The 22ft by 75fthomes have built-ups of 2,305 sq ft and are tagged at RM438,000. Since its soft launch early this month, the project has received more than 200 registrants. “Our target market are the upgraders from the Petaling Jaya, SS2 and Damansara Jaya areas,” said Wong.“The concept here is to create a garden development with a green environment featuring a linear park with ponds, gazebo, jogging paths and extensive landscaping. We want to create a garden community that is cozy and nicely landscaped with a modern tropical feel,” he said.Aside from its first phase of linked homes, Sutera Damansara will also offer apartments, condominiums, superlinks, semidees and 24 units of 22ft by 75ft shops.According to Wong, the next phase would comprise 40ft by 80ft semidees and 24ft by 85ft superlink homes. “We’re finalising the designs for these units and targeting to launch the superlinks at the end of this year,” said Wong.“We have already started piling work on the first phase, and we’ll officially launch it soon, whenthe works have further progressed,” he said. Sutera Ria would be completed within 18 to 20 months while the entire Sutera Damansara would occupy them for the next five to six years, with another 20 acres yet to be planned.

(The Sun 21-3-2008)

New Development: Amarin plans villas, resorts in Malaysia, Indonesia

PROPERTY developer Amarin Wickham Sdn Bhd plans to build high-end residential villas and resorts in Malaysia and Indonesia.It is scouting for land in Bali, the Klang Valley, Langkawi and Cherating, to build the properties this year, said director Lee Vun-Tsir. "We are not interested in developing and operating typical resorts or city hotels. The ones we build must be private-based, personalised and exclusive," Lee said in an interview recently."Malaysia still lacks boutique developments. What we want to do is bring Bali and Europe here, instead of locals and foreigners going there," Lee said. It plans to build 20 to 30 boutique-style villas as well as resorts at any one location, complete with a club house, spa and restaurant.For the villas in Bali, it plans to sell them for between RM2.53 million and RM2.84 million per unit, while those in Malaysia will be priced at more than RM800,000 per unit. "We are looking at modern indigenous designs and offering niche lifestyle concepts. We may lease some of the units for recurring income, Lee said.This would be the first venture for the company to build boutique-style villas and resorts.Its flagship is the RM80 million Amarin Kiara project in Mont' Kiara launched in mid-2006.It comprises 30 units of three-storey semi-detached villas with private pools, priced between RM1.98 million and RM2.6 million, and one three-storey semi-detached villa, priced at RM3.8 million.All units have been sold and will be handed over to their buyers next month. Read more

(New Straits Times 21-3-2008)

New Development:Utusan Seni Semidees, USJ

PETALING JAYA: Homeowners looking to upgrade in the Subang Jaya area has taken to Utusan Seni Sdn Bhd’s (Utusan Seni) development of semi-detached homes in USJ 17, Subang Jaya.The development called ResTrees – Utusan Seni's maiden foray into property development – is doing well with its first two phases already sold out.The RM140 million project was first launched in August last year. Its first two phases, comprising 20 units and 36 units respectively, have been 100% taken up while 19 out of 48 units in the third phase have been sold.“Ninety percent of our buyers are from USJ, with a few from SS 19 Subang Jaya and Shah Alam.Most of them are upgraders,” said Norhashimah binti Hashim, executive director of Utusan Seni.Phase 1 of ResTrees offers 2 ½ -storey semidees sized at 3,600 sq ft and tagged at RM1.3 million. Phases 2 and 3, also offering 2 ½ - storey semidees, come with larger builtups of 3,800 sq ft and are priced at RM1,533,800 and RM1,688,800 respectively.

(The Sun 18-3-2008)

IJM’s new unbilled sales in Penang at RM160mil

PENANG: IJM Properties Sdn Bhd has about RM160mil of unbilled sales from its new property launches in Penang since November 2007. The amount was part of its total unbilled sales of some RM580mil, managing director Teh Kean Ming told StarBiz. “In Penang the contribution comes from Nautilus Bay, a landed residential scheme located off the Jelutong Expressway, and Platino, a luxurious condominium project in the MetroEast mixed-development scheme next to the Penang Bridge,” he said. Read more>>

(15-3-2008 The Star)

East Ledang homes see good sales

IN less than a month, UEM Land Sdn Bhd’s (UEM) latest property development, East Ledang at Nusajaya, Johor has sold almost half (48%) of its first phase that was launched late February.“Fifty percent of our buyers are locals, mostly from Johor and are high income professionals while the other 50% are foreigners, mostly from Singapore,” said Wan Abdullah Wan Ibrahim, managing director of UEM Land.The RM1.2 billion development takes up 275 freehold acres in Nusajaya and will be developed in seven phases comprising a total of 861 homes. The first phase offers a total of 139 units comprising 52 twin villas and 87 link duplexes.The twin villas have built-up areas ranging between 3,700 sq ft and 4,400 sq ft while the link duplexes have builtups of between 2,600 sq ft and 3,000 sq ft. The homes are priced at RM870,000 and above and RM458,000 and above respectively. Read more

(14-3-2008 The Sun)

New Development:Taman Desa Bukit Indah, Sungai Buloh

LOOKING for an affordable terraced property in the Sungai Buloh- Kepong area? More 2-storeyterraced homes will be offered at the upcoming launch of the leasehold 200-acre Taman Desa Bukit Indah in Sungai Buloh, Selangor by Magilds Park Sdn Bhd, a subsidiary of Petaling Tin Bhd.Following the successful take-up of its Camellia designed 2-storey terraces that was launched last month, the developer plans to introduce more of such terraced homes in June, Petaling Tin CEO Leong Choong Wah (pix) told PropertyPlus. Read more

(14-3-2008 The Sun)

New residential development in Mont' Kiara

(13-3-2008 The Sun)