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Monday, April 26, 2010

12,000 new houses in Perak this year

Artist’s impression of double-storey linked houses in Bandar Seri Botani

IPOH: Around 12,000 new houses are expected to be delivered to buyers in Perak this year, a 20%-30% increase from 2009.

According to Real Estate Housing Developers’ Association Perak chapter chairman Datuk Francis Lee, the estimated figure of 12,000 was based on the number of applications submitted to the local authorities for planning, building and earthwork approval in the first quarter of 2010.

»The delivery for last year was 9,000 to 10,000 houses« DATUK FRANCIS LEE

“Although the latest Property Market Report by the Valuation Department for 2009 is not out yet, the delivery of new houses in Perak for last year is expected to be between 9,000 and 10,0000, compared to 6,412 in 2008,” Lee added.

Perak-based developers that will be launching new property development projects in Ipoh starting from mid-2010 include Taiko Properties Sdn Bhd, Kinta Properties Holdings Sdn Bhd, Namcom Development Sdn Bhd, Pyhomes Realty Sdn Bhd and Morubina Sdn Bhd.

Collectively they are launching some 836 units of residential landed and high-rise properties with an estimated gross sales value of RM337mil.

The selling price of these new residential projects are between 10% and 15% higher than last year’s pricing, due to better demand and higher land, construction and marketing costs.

The launches with the highest gross sales value comes from Taiko Properties’ Bandar Seri Botani and The Thompson projects in southern Ipoh and Ipoh city, with an estimated gross sales value of RM194mil.

“To be launched for Bandar Seri Botani in the third and fourth quarters of 2010 are 317 units of double-storey semi-detached houses, double-storey linked houses, and bungalows, with an estimated gross sales value of RM79mil.

“These properties have buit-up areas of between 1,287 sq ft and 2,180 sq ft, priced between RM155,000 and RM365,000,” Taiko project manager Lau Eng Pun said.

The RM115mil Thompson project, scheduled for launching in mid-2010, comprises 46 bungalows in a guarded community with built-up areas ranging between 6,900 sq ft and 8,100 sq ft, priced from RM2.4mil onwards.

“The project, located on a 13-acre site, is between Jalan Tun Dr Ismail and Lorong Tun Dr Ismail, the most prestigious area of Ipoh city,” Lau said.

Kinta Properties is launching 136 units of landed properties, comprising linked and semi-detached houses, with an estimated gross sales value of RM31.9mil from mid-2010 onwards in Bandar Baru Sri Klebang.

“The linked properties have built-up areas ranging between 1,500 sq ft and 2,160 sq ft, priced between RM205,000 and RM298,800,” Kinta Properties chief executive officer Bernard Tan said.

In February, Kinta Properties launched 21 bungalows priced between RM449,800 and RM788,000.

Namcom Development Sdn Bhd is launching in the third quarter RM65mil worth of landed and high-rise properties comprising 158 semi-detached, double-terraced, and terraced houses in Klebang Ria, and 37 condominium units in Jalan Tun Dr Ismail.

Its managing director Chan Nam Sing said the landed properties with built-up of between 1,000 sq ft and 2,500 sq ft are priced between RM138,000 and RM368,000.

“The condominiums, with built-up of 1,500 to 3,400 sq ft, are between RM420 and RM450 per sq ft,” said Chan.

Pyhomes Realty Sdn Bhd is launching 142 units with an estimated gross sales value of RM46.4mil in Sg Siput, Batu Gajah, Pasir Putih Selatan and Gopeng in the third quarter.

They comprise semi-detached and double-storey terraced properties with built-up of between 1,980 sq ft and 3,180 sq ft, priced between RM208,000 and RM491,000, according to managing director Chan Hoong Mun.

Meanwhile, one of the largest commercial schemes in Perak being carried out now is Morubina Sdn Bhd’s RM80mil Kinta Riverfront Hotel & Suites project.

Its project coordination manager Anuar Abu Hassan said the project, comprising a five-star hotel and a 20-storey block of 249 condominum units, was 40% completed.

“We have sold 75% of the condominiums since the launch last year,” he said, adding that the project is scheduled for completion in 2011.

The condominiums with 808 sq ft in built-up are sold from RM215,000 onwards, while the 7,393 sq ft penthouses are priced from RM780,000 onwards.

By The Star

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