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Monday, September 13, 2010

Property launches worth RM571m planned in H2

GEORGE TOWN: The second half of this year will see the commencement of property launches in Seberang Prai for 1,981 landed and high-rise property units with an estimated gross sales value (GSV) of RM571mil.

Asas Dunia Bhd, Tambun Indah Development Sdn Bhd, and Island LandCap Properties Group are among the developers launching the projects.

Of the 1,981 units, some 664 are high-rise properties developed by Tambun Indah Development Sdn Bhd and Island LandCap Properties.

The highlight of the high-rise projects is the 38-storey RM100mil Palma Laguna Water Park Condo, touted as the tallest building in the mainland, by Island LandCap Properties.

“The 382 condominiums, measuring 1040 sq ft and 1,100sq ft in built-up areas, are priced between RM228,000 and RM265,000, depending on whether the units are facing the sea or the facilities.

“There are four penthouses, with built-up areas of 1,600sq ft and 1,970sq ft, priced between RM400,000 and RM490,000.

“We have already sold 20% of the units during a preview recently,” said Island LandCap executive chairman Oon Weng Boon. The official launch of the project is on October 23.

Also scheduled for launching in the fourth quarter are Tambun Indah’s RM40mil Dahlia Park and the RM41mil Tanjung Heights high-rise condominium project, comprising 282 units.

“The Dahlia Park in Butterworth town comprises 134 condominiums with built-up areas ranging between 1,395sq ft and 1,689sq ft, priced from RM209,800 onwards.

“The Tanjung Heights project in Butterworth town comprises 148 condominiums of 1,300sq ft units, priced at around RM200,000,” Tambun Indah general manager Teh Theng Theng said.

“The recent launches of Carissa Park werepriced at RM182,000, compared with RM160,000 when the project was introduced early this year,” she said.

Teh added that the group’s Carissa Park condominium project, comprising 144 units in Butterworth town, had sold about 70% of its units since the launch early this year.

Tambun Indah is also launching, in the fourth quarter, 467 units of landed residential properties in Simpang Ampat, South Seberang Prai, and in Alma, central Seberang Prai, with an approximate GSV of RM160mil.

“Some 335 units are for the group’s Pearl Villa gated project in Simpang Ampat.

“The terrace and semi-detached properties are priced respectively from RM270,000 and RM398,000 onwards.

“The Impian Residence, comprising 132 terrace and semi-detached units, is in Alma.

“The selling price starts from RM260,000 for terrace units and RM350,000 for semi-detached types,” she said.

Asas Dunia will launch soon 850 units of landed properties planned for central and southern Seberang Prai.

The 850 units of landed properties have an estimated GSV of RM230mil.

They comprise 500 single-storey semi-detached houses, and 350 double-storey terrace, double-storey semi-detached, and light industrial units.

Group managing director Datuk Jerry Chan said the single-storey semi-detached unit, with built-up and land areas of 1,200 sq ft and 2,660sq ft respectively, was priced between RM150,000 and RM290,000.

The double-storey semi-detached unit, with built-up and land areas of 2,557sq ft and 2,724sq ft, is priced from RM358,888.

By The Star

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