SINGAPORE: A condominium development in Ipoh has been named Malaysia's Best Condominium at a property event here that gathered a host of high-flying professionals and companies from the luxury residential property sector from all over the region.
The Haven Lakeside Residencies development was among four Malaysian entries that shone at the annual South-East Asia Property Awards 2012 here on Friday night.
The project, developed by The Haven Sdn Bhd and launched in January last year, comprises three luxury condominium towers overlooking a natural lake and scenic limestone hills.
An added attraction is a limestone rock said to be 280 million years old and standing about 14 storeys high, according to The Haven Sdn Bhd chief executive officer Peter Chan.
The other Malaysian winners at the awards night were Sunway Bhd (Best Malaysian developer), The Residences, Putra Heights, developed by Sime Darby Property Bhd (Best Malaysian villa) and Savills Rahim & Co (Best Malaysian property consultancy).
More than 370 guests from around the region including Thailand, Vietnam, the Philippines, Cambodia, Indonesia and host Singapore joined the gala dinner which saw 35 awards given out for various categories, including developer, development, real estate service, architecture and interior design.
Jose E.B. Antonio, chief executive officer of Philippines-based Century Properties Group Inc took the coveted Property Report Real Estate Personality of the Year award.
Chan, in his acceptance speech on behalf of The Haven Sdn Bhd, said he was happy to receive the award for Ipoh.
“It shows Ipoh can win prestigious international awards because the city is truly attractive.
“Its potential has not been recognised and has been under-rated for too long.
“We hope with this recognition, the awareness of Ipoh will be awakened that Ipoh can produce a condo development that is recognised as the nation's best,” he said, adding that his company had won seven other awards in the past.
Event organiser Ensign Media CEO Terry Blackburn, in his congratulatory address, said: “We have seen some real world-beating developments awarded here that really represent the full gamut of what South-East Asia real estate has to offer.”
Over 1,400 nominations were received, with over 300 entries in the hotly contested Best Condominium awards for Malaysia and Singapore.
By The Star
Showing posts with label Ipoh. Show all posts
Showing posts with label Ipoh. Show all posts
Saturday, November 24, 2012
Monday, September 24, 2012
In Ipoh property boom prices up more than 30%, on par with KL and Penang
IPOH: The prices of properties in Ipoh have skyrocketed in prime locations to be almost on par with those in Kuala Lumpur and Penang.
“Ipoh is now bustling with activities. There is no sign of prices coming down,” said Oriental Realty agent Gladwin Agilan.
Gladwin said the demand was not only for new developments but in the secondary market.
Among the factors that have contribute to the upward trend in the demand for properties were better transport facilities including direct flights to Singapore, the electric train service, the state being an education hub and a high number of foreign companies investing in the state.
Condominiums or high-rise apartments, once considered unprofitable, are now in demand as people look for amenities such as swimming pools, gymnasium, and restaurants at their doorsteps.
The prices of properties in Canning Gardens have been increasing by 10% annually for the past three years.
He said people chose to own properties in the area due to its location, which is near the city, and because of its freehold status.
Gladwin, who is the head of the sales division, said the latest transaction showed the price of land was RM144 per sq ft for a single-storey semi-detached house.
“Surprisingly these houses are purchased by Perakians who are in their late 30s to mid-40s.
“Many of them have returned to their hometown due to better job opportunities.
“Foreign companies such as Vale iron ore distribution centre in Teluk Rubiah have also created demand,” he said.
The type of residential units being sought after has also changed. There is demand for condominiums, gated-and-guarded landed properties as well as properties that have easy access to amenities.
Gladwin said new developments such as the Haven Lakeside Residences in Tambun, Meru Hills in Meru Valley and The Enclave along Jalan Sultan Azlan Shah, Somerset at Thompson off Jalan Sultan Azlan Shah, Casa Bintang near the Ipoh Swimming Club in Jalan Raja Dr Nazrin Shah, were gaining popularity.
He added that developments were now taking place in the outskirts such as Klebang, Kledang, Pasir Putih and Sunway in Tambun.
Gladwin said the perception of owning a property in Ipoh, and not being able to rent out was incorrect as the demand for rented housing was overwhelming especially in Meru Valley and the Sunway area.
“Foreigners working in the state prefer to stay in bungalows or condos in such serene areas.
“It offers a higher yield of between 7% and 10%, which is considered good, as only commercial properties offer such attractive returns,” he added.
He said besides Ipoh, the next upcoming market is Manjung, located about 90km from the city. Other potential areas for development included Lumut, Teluk Batik and Pangkor.
Another real estate agent P.Ranganathan agreed that the prices of properties were going up in certain parts of the city.
He said the prices of property had increased by up to 30% in the last three years.
“Those that have made up their mind to purchase properties in the city should do so fast as the prices of building materials are increasing.
“With steel bars and other building materials on the rise, the prices of properties are also expected to increase,” he added.
Datuk Bandar Datuk Roshidi Hashim said the skyline of Ipoh would change by 2014.
He said this was visible from the rapid development that was taking shape in the city.
“We are expecting more development to take place in the city,” he said.
By The Star
Monday, July 23, 2012
The Haven set for completion mid-2013
IPOH: The Haven, the luxury lakeside residence in Tambun, Ipoh is set for completion by the middle of next year, said The Haven Sdn Bhd chief executive officer Peter Chan.
He said the group was the first developer to conduct a “topping-out” event for the three towers simultaneously, and construction of the project was ahead of schedule. “The project has surprised many people with its speedy sales and construction by topping out all three towers concurrently,” he said at a dinner to mark the topping-out ceremony on Saturday. The Haven is Perak’s largest and tallest residential condominiums.
Chan said that out of the 500 units, over 75% has been sold while another 100 units were still available with each unit costing between RM600,000 and RM3.8mil.
The Haven would be managed by international hospitality chain – Best Western which would market and lease out the apartments on behalf of owners. At an average price of RM600 per sq ft, The Haven is located near Sunway Group’s Lost World of Tambun water theme park and the Banjaran Hotsprings Retreat in Tambun.
By Bernama
He said the group was the first developer to conduct a “topping-out” event for the three towers simultaneously, and construction of the project was ahead of schedule. “The project has surprised many people with its speedy sales and construction by topping out all three towers concurrently,” he said at a dinner to mark the topping-out ceremony on Saturday. The Haven is Perak’s largest and tallest residential condominiums.
Chan said that out of the 500 units, over 75% has been sold while another 100 units were still available with each unit costing between RM600,000 and RM3.8mil.
The Haven would be managed by international hospitality chain – Best Western which would market and lease out the apartments on behalf of owners. At an average price of RM600 per sq ft, The Haven is located near Sunway Group’s Lost World of Tambun water theme park and the Banjaran Hotsprings Retreat in Tambun.
By Bernama
Thursday, April 26, 2012
Medan Kidd to be redeveloped to improve public transport system
A PLAN is in the pipeline to redevelop Medan Kidd in Ipoh to improve the public transportation system.
Perak Transit executive chairman Mohamad Mat Isa said the area around the rundown Medan Kidd bus station and the Ipoh railway station would be redeveloped, to ensure better service for locals and tourists.
“We are planning to build covered walkways between the bus station and railway station.
Mohamad added that the Medan Kidd bus station would be demolished to make way for a new structure under the whole project themed “Ipoh Central”.
“Everything is still at the early stages,” he said, adding that the cost for the whole project has yet to be determined.
“We will also build shophouses for food and souvenir traders,” he said after visiting the new RM38mil Ipoh Integrated Bus Terminal and Complex with state executive councillor Datuk Dr Mah Hang Soon in Bandar Meru Raya, recently.
Dr Mah said the inter-city Ipoh Integrated Bus Terminal and Complex was now 90% complete.
“It is expected to be completed ahead of schedule and operational by mid-June,” Dr Mah added.
The three-storey terminal and complex by Combined Bus Services Sdn Bhd (CBSB) is built on a 3.4ha plot of land.
The project, which began in 2010, consists of a business centre, food court, basement car park and petrol kiosk.
It would serve as an inter-city bus terminal to connect the Ipoh central bus station via shuttle bus service.
“The complex can accommodate between 8,000 and 10,000 people in full capacity,” he said, adding that it was surrounded by the Mydin hypermarket, Taipan City project and other shops.
Dr Mah added the complex could house around 60 buses.
On concerns that the complex was situated far away from the city centre, Dr Mah said there would be feeder buses and taxi services to ferry passengers to and fro.
“As for Medan Kidd station, it will be a hub for inter-town transit, complementing the complex,” he said.
On Medan Gopeng’s status with the opening of the complex, Dr Mah said a letter had been submitted to the Land Public Transport Commission (SPAD) to determine its fate.
“It will be convenient and practical for Ipoh to just have one inter-city bus terminal and we hope all bus companies will cooperate with us,” he said.
By The Star
Saturday, March 10, 2012
Hua Yang unveils plans for Ipoh township
IPOH: Hua Yang Bhd has unveiled plans for a pedestrian mall and three types of affordable homes on a 335.2ha site in Bandar Universiti Seri Iskandar (BUSI), about 25 minutes' drive from here.
The ongoing development has a gross development value (GDV) of RM80 million.
BUSI is an upcoming township which has grown into a large student and university catchment, and has become a haven for public servants working at Perak Tengah District council, and others from Manjung, Tronoh, Batu Gajah and Pusing.
Students and university lecturers from Universiti Teknologi Mara, Universiti Teknologi Petronas, Institut Perdangan Mara and Institut Kemahiran Belia Negara contribute to the 10,000-strong population of BUSI.
"To further enhance the facilities offered at OneBU@Seri Iskandar - the lifestyle and business hub of BUSI - we will be previewing the pedestrian mall at our sales launch on March 10," Tony Ng, Hua Yang's Perak branch manager, said recently.
The mall offers 123 units and is located adjacent to the newly-opened Tesco Superstore and complements the lifestyle experience at OneBU@Seri Iskandar.
"We will launch three types of affordable homes ranging from RM130,00 to RM180,000 for single-storey and double-storey link houses," Ng said.
The Seri Idaman and Seri Andaman series consist of single-storey terrace houses measuring 800 square feet and are priced from RM130,00 onwards. A total of 909 units will be built.
By Business Times (by P. Chandra Sagaran)
The ongoing development has a gross development value (GDV) of RM80 million.
BUSI is an upcoming township which has grown into a large student and university catchment, and has become a haven for public servants working at Perak Tengah District council, and others from Manjung, Tronoh, Batu Gajah and Pusing.
Students and university lecturers from Universiti Teknologi Mara, Universiti Teknologi Petronas, Institut Perdangan Mara and Institut Kemahiran Belia Negara contribute to the 10,000-strong population of BUSI.
"To further enhance the facilities offered at OneBU@Seri Iskandar - the lifestyle and business hub of BUSI - we will be previewing the pedestrian mall at our sales launch on March 10," Tony Ng, Hua Yang's Perak branch manager, said recently.
The mall offers 123 units and is located adjacent to the newly-opened Tesco Superstore and complements the lifestyle experience at OneBU@Seri Iskandar.
"We will launch three types of affordable homes ranging from RM130,00 to RM180,000 for single-storey and double-storey link houses," Ng said.
The Seri Idaman and Seri Andaman series consist of single-storey terrace houses measuring 800 square feet and are priced from RM130,00 onwards. A total of 909 units will be built.
By Business Times (by P. Chandra Sagaran)
Thursday, June 9, 2011
Tasweek to woo Middle East buyers for The Haven in Ipoh
IPOH: Come September, The Haven Lakeside Residences in Tambun will be showcased internationally by Tasweek Real Estate Development and Marketing at the world’s largest property expo Global Cityscape in Dubai.
Tasweek Real Estate’s impressive portfolio includes marketing of the Burj Khalifa, the world’s tallest building in the world, and has set a record for pricing and sales of over 30,000 units including selling 1,300 units in one day during a property product launch.
Tasweek’s chief executive officer, Masood Al Awar is all excited to introduce this unique value-for-money eco-development to its wealthy clientele in the Middle East.
“We actively seek out first-mover advantage. The Haven in Ipoh is the right product in the right place at the right time. Our objective is to create wealth for our clientele.
“Seeing is believing and that’s the reason why I have insisted my chairman come for this visit,” he said.
Masood accompanied Tasweek’s Chairman, Mohamed Khalifa Ahmed M. Alfahed Almenhairi on a two-day visit to The Haven’s project site last week.
They were briefed by Superboom managing director Peter Chan on his company’s third project.
Chan said property prices at The Haven, a luxury eco-resort, were “a steal” as compared with properties in other states in Malaysia and this was part of the reasons why the project was selling well and attracting keen interest locally and internationally.
“This is the first time a project in Ipoh is on investors’ radar both locally and internationally,” he said, adding that Tasweek’s collaboration with Superboom is a strong endorsement of The Haven.
Chan said his company has started marketing the 165 units in Tower 3 where earthwork has just been completed.
He said construction work on Tower 1 is already up to the 10th floor while piling has started in Tower 2.
The alliance deal came in the wake of the appointment of Best Western International Inc, one of the world's largest hotel chains, to manage, market and lease The Haven’s condominium units internationally.Set for completion in 2013, The Haven Lakeside Residences will see its three 26-storey towers with 165 units each becoming the tallest buildings in Perak.
Reputable contractors such as China's Beijing Construction & Engineering and Bina Puri Holdings Bhd have been awarded a RM109 million contract to construct the buildings.
Superboom Projects Sdn Bhd has completed two other projects; the 576-unit Permai Lakeview Apartments in Ipoh and Subang Galaxy in Shah Alam, Selangor.
By Business Times
Monday, December 6, 2010
RM800mil projects in Klang Valley and Ipoh next year
Artist's impression of the RM100mil Taipan@Ipoh Cybercentre project.
GEORGE TOWN: Andaman Property Group, which is based in Kuala Lumpur, will develop six property projects with a gross sales value (GSV) of RM800mil in the Klang Valley and Ipoh next year.
Andaman Property Management Sdn Bhd head of sales and marketing Vincent Tiew said of the six projects, one would be in Ipoh.
In Ipoh, the plan is to develop landed commercial and residential properties while in the Klang Valley, the plan is to develop a mixture of high-rise and landed commercial and residential properties.
The pricing, which is yet to be determined, will be attractive to lure investors, Tiew said.
Potential buyers viewing a model of Andaman’s RM100mil Taipan@Ipoh Cybercentre project during its soft launch recently.
This year, the group launched four projects two in the Klang Valley, one in Johor Baru and one in Ipoh with an estimated GSV of RM350mil.
Ipoh is the group's focus as we have just unveiled the RM100mil Taipan@Ipoh Cybercentre in Bandar Meru Raya, he said.
The project is a 1,600-acre integrated, self-contained township in North Ipoh Growth Corridor, which is being developed by Perak government.
Tiew said the landed commercial and residential project planned for next year in Ipoh would also be in Bandar Meru Raya.
The residential component will be priced affordably to attract first-time home buyers while the commercial components will be marketed to local and outstation investors with competitive pricing, he said.
On the RM100mil Taipan@Ipoh Cybercentre, Tiew said the project saw 50% of its 102 retail lots sold during a three-day preview that started on Nov 26.
The three-storey retail lots, with a built-up area of 4,500 sq ft, are priced from RM688,000 while the four-storey retail lots, with built-up areas between 6,000 sq ft and 11,000 sq ft, are priced from RM1.5mil.
Tiew said there were two key reasons for the brisk sales the features of the retail lots and the location of the project, which is close to the Perak MSC Cybercentre in Bandar Meru Raya.
He said some 30 units had dual-frontage, which meant that they were accessible from front and back.
There are 24 retail lots with 770-sq-ft to 1,200-sq-ft land in front of them that can be used for al fresco dining and other business activities. These units cost RM50,000 extra, he said.
By The Star
Wednesday, October 20, 2010
SuperBoom expect The Haven to generate RM250m GDV
SUPERBOOM Projects Sdn Bhd, a property developer, expects its latest project in Ipoh, Perak, to generate a gross development value of about RM250 million.
The Haven, expected to be Perak's most luxurious condominium project, will comprise three residential blocks. So far, 80 per cent of the units at the first block and 20 per cent of the units at the second block have been booked.
According to chief executive officer Peter Chan, buyers can expect prices to rise by about 30 per cent.
"Currently, we are selling at RM338psf. But, we have been told that the property can fetch as much as RM450psf if the market knows what The Haven is all about," said Chan in a media briefing in Kuala Lumpur yesterday.
He was speaking to the media after the signing ceremony with Bina Puri Holdings Bhd and Beijing Construction Engineering Malaysia. Superboom hired both companies as joint main contractors.
Chan expects the property market in Perak to grow with the new Ipoh-KL electric train service and as more planes fly to Ipoh.
"Perak has not seen major development in the last 20 years. But, with so much development recently, it certainly makes the timing of our project spectacular," said Chan.
The Haven will come in various types, from the entry level units of under 1,000 sq ft to penthouses of 5,000 sq ft. As the condominium is located near the hillside and forest, and has a lake view, Chan believes it can attract foreign buyers as well as those from Kuala Lumpur.
"Although these natural resources are a common sight to those living in Ipoh, it is something unusual for many of us. I think this makes The Haven an ideal place for vacation and an ideal place for a home," said Chan.
So far, piling work for the first block has been completed, and both Bina Puri and Beijing Construction Engineering are due to complete the project in 2013.
It also expects to open its third block for sale in about six months and prices of these units are expected to be higher than the current RM338psf it is offering for the first two blocks.
By Business Times
Bina Puri JV wins Ipoh condo job
KUALA LUMPUR: The joint venture (JV) between Bina Puri Holdings Bhd and Beijing Construction Engineering (M) Sdn Bhd (BCEG) has won a RM109mil contract to build The Haven, dubbed to be the most luxurious condominium in Ipoh.
The contract, awarded by Superboom Projects Sdn Bhd – a privately held property developer, is for the construction of the high-end residential project slated for completion in 2013 with gross development value of RM250mil. The Bina Puri led-JV was chosen over seven bidders. The leasehold Haven, Lakeside Residences is a 26-storey building with 489 units located in Tambun, Ipoh.
Peter Chan
Superboom chief executive officer Peter Chan (pic) said The Haven, with its special features and quality, would be the best value luxury condominium in the world.
“Selling at RM338 per sq ft, the price range will be between RM300,000 and RM1.7mil for various units of between 968 sq ft and more than 5,000 sq ft (penthouses).
“The price is definitely lower than the price (of similar residential) in the Klang Valley but it cannot be a lot lesser as the building cost is the same although the price of land per sq ft in Ipoh is about one-eighth of that in Kuala Lumpur,” he said after the signing ceremony for the appointment of the JV as the main contractor for the project.
In terms of price appreciation, Chan said they expected a high increase.
“According to the experts, intrinsically it is worth RM450 per sq ft by the time the market realises its potential.
“The take-up rate has also been encouraging so far prior to the launching scheduled by year-end or early next year. Currently 80% of block A and 20% of block C have been sold.
“Construction works of the two blocks (A and C) have already started but development of block B is expected to begin in the next four to six months,” he said.
Chan said the strength of this development lay in its location besides its facilities and conveniences. There are features such as the attractive limestone and green environment and it is 12 minutes drive to the city centre.
Meanwhile, Bina Puri chairman Datuk Wong Foon Meng said both parties in the JV had equal roles and responsibility. Each company would bring its own niche strength to the project, he added.
“With our vast experience in the construction and property sector, we are confident of delivering the project within the stipulated time-frame,” he said.
To date, Bina Puri had delivered projects exceeding RM7.8bil. So far this year it managed to clinched new projects up to RM1.64bil.
BCEG, on the other hand, has completed several projects worth RM265mil in the Klang Valley. It is part of BCEG Group from China which is on the top-225 international contractors list.
Meanwhile, Superboom’s porfolio included the 576-unit Permai Lakeview Apartments in Ipoh and Subang Galaxy in Shah Alam. It has incorporated The Haven Sdn Bhd primarily to undertake The Haven development.
By The Star
The contract, awarded by Superboom Projects Sdn Bhd – a privately held property developer, is for the construction of the high-end residential project slated for completion in 2013 with gross development value of RM250mil. The Bina Puri led-JV was chosen over seven bidders. The leasehold Haven, Lakeside Residences is a 26-storey building with 489 units located in Tambun, Ipoh.
Peter Chan
Superboom chief executive officer Peter Chan (pic) said The Haven, with its special features and quality, would be the best value luxury condominium in the world.
“Selling at RM338 per sq ft, the price range will be between RM300,000 and RM1.7mil for various units of between 968 sq ft and more than 5,000 sq ft (penthouses).
“The price is definitely lower than the price (of similar residential) in the Klang Valley but it cannot be a lot lesser as the building cost is the same although the price of land per sq ft in Ipoh is about one-eighth of that in Kuala Lumpur,” he said after the signing ceremony for the appointment of the JV as the main contractor for the project.
In terms of price appreciation, Chan said they expected a high increase.
“According to the experts, intrinsically it is worth RM450 per sq ft by the time the market realises its potential.
“The take-up rate has also been encouraging so far prior to the launching scheduled by year-end or early next year. Currently 80% of block A and 20% of block C have been sold.
“Construction works of the two blocks (A and C) have already started but development of block B is expected to begin in the next four to six months,” he said.
Chan said the strength of this development lay in its location besides its facilities and conveniences. There are features such as the attractive limestone and green environment and it is 12 minutes drive to the city centre.
Meanwhile, Bina Puri chairman Datuk Wong Foon Meng said both parties in the JV had equal roles and responsibility. Each company would bring its own niche strength to the project, he added.
“With our vast experience in the construction and property sector, we are confident of delivering the project within the stipulated time-frame,” he said.
To date, Bina Puri had delivered projects exceeding RM7.8bil. So far this year it managed to clinched new projects up to RM1.64bil.
BCEG, on the other hand, has completed several projects worth RM265mil in the Klang Valley. It is part of BCEG Group from China which is on the top-225 international contractors list.
Meanwhile, Superboom’s porfolio included the 576-unit Permai Lakeview Apartments in Ipoh and Subang Galaxy in Shah Alam. It has incorporated The Haven Sdn Bhd primarily to undertake The Haven development.
By The Star
Thursday, September 2, 2010
SunCity starts 1st Ipoh townhouse project
Sunway City Bhd (SunCity) has launched its first townhouse development in Ipoh called MontBleu Residence.
With gross development value of RM93 million, the project is located at Sunway City Ipoh and expected to be completed in September 2013.
"The development spans over 11.01 acres with standard intermediate built-up from 1,889 to 2,066 square feet," the company said in a statement today.
MontBleu Residence comprises 220 units of well-planned and modern three-storey townhouses with a 25 feet wide backyard garden.
Each unit consists of three-plus-one bedrooms and four bathrooms with selling prices starting from RM399,000 onwards.
"We believe that this development will be well embraced by the local community based on its strategic location and attractive design features.
"More importantly, it is located within the thriving township of Sunway City Ipoh which contains numerous facilities to provide residents withun surpassed convenience and comfort," said Suncity Managing Director (Property Development Division - Malaysia) Ho Hon Sang in the statement.
By Bernama
With gross development value of RM93 million, the project is located at Sunway City Ipoh and expected to be completed in September 2013.
"The development spans over 11.01 acres with standard intermediate built-up from 1,889 to 2,066 square feet," the company said in a statement today.
MontBleu Residence comprises 220 units of well-planned and modern three-storey townhouses with a 25 feet wide backyard garden.
Each unit consists of three-plus-one bedrooms and four bathrooms with selling prices starting from RM399,000 onwards.
"We believe that this development will be well embraced by the local community based on its strategic location and attractive design features.
"More importantly, it is located within the thriving township of Sunway City Ipoh which contains numerous facilities to provide residents withun surpassed convenience and comfort," said Suncity Managing Director (Property Development Division - Malaysia) Ho Hon Sang in the statement.
By Bernama
Saturday, April 17, 2010
A new haven in Ipoh
The show unit’s dining (left) and living area (right).
The Haven is expected to raise the bar in condominium living in Ipoh when completed in 2013.
The Haven Sdn Bhd co-principal Peter Chan says the RM230mil lakeside development will boast five-star services and amenities.
Peter Chan enjoying the view of the lake from the balcony of the show unit.
“The Haven is a development of distinction with trappings of luxury and functionality. It is an idyllic hideaway amidst nature with its centrepiece – a 1.6ha natural lake and monolithic limestone rock formations,” he says.
The project comprises three blocks of 26-storey condominiums with a total of 489 units built on 9.63ha.
It will include all the facilities of an up market condominium including a club house complete with gymnasium, sauna, a cafe/restaurant, a 60 m pool, spa, children’s playground and ample car parking facilities.
Chan says preservation of nature formed the cornerstone of the development as the company recognises the need to care for the environment and to reduce its carbon footprint.
“Our aim is for The Haven to be among the first developments to harvest nature’s renewable resources to power and maintain common areas. We will use solar panels and wind technology. Water from the lake will be harvested for common washing areas,” he says.
According to Chan, the water from the lake can be used for drinking as its quality surpasses the World Health Organisation’s requirements.
Despite being so close to nature, The Haven is only 10 minutes from the city centre and between three and eight minutes to all the major hypermarkets.
The Haven, Chan says, will have multi-layered security such as closed-circuit televisions, computer card access for residents, fenced perimeter and regular security patrolling.
The size of the units range between 893 sq ft and 2,840 sq ft and are priced from RM270,000 to RM1.4mil.
“Response has been overwhelming since our show unit was opened for viewing recently,” Chan says, adding that buyers from Singapore and Hong Kong had purchase some 60 units so far.
“We are confident of its appeal as a home for those in Ipoh as well as a retreat or vacation home for other Malaysians and foreigners,” he says.
The Haven Sdn Bhd is a wholly owned subsidiary of Superboom Projects Sdn Bhd.
Superboom Projects is the developer of the 576-unit Permai Lakeview Apartments in Ipoh and Subang Galaxy in Shah Alam.
By The Star
Tuesday, July 15, 2008
HK investors for business centre
IPOH: Hong Kong investors have teamed up with a local developer to help transform the quiet town of Simpang Pulai into a bustling commercial area with the development of Simpang Pulai Business Centre at a cost of some RM500mil.
Hong Kong-based investment firm Jerard Co Ltd will be funding 28% of the 43ha project, undertaken by Glamour Ideals Sdn Bhd.
Glamour Ideals managing director Joseph Chin said the business centre would be built in three phases.
“The first phase of 68 shoplots is already sold out. It costs up to RM438,000 per unit,” Chin said after the project ground-breaking ceremony on Saturday.
The second phase would comprise the remaining 102 shoplots and the third phase would be a hotel and villas to be launched later this year.
The project is Jerard's second investment after a condominium project here called Damaipuri Condominium.
Director Dr Ho Hau Wong said Jerard was set up for investments in Malaysia and planned to be involved in other projects in and around Ipoh.
“I find Ipoh a beautiful place that is natural disaster-free and the people very warm,” said Dr Ho, who also gave away donations totalling RM88,000 to various charitable organisations and schools here.
Perak Mentri Besar Datuk Seri Mohammad Nizar Jamaluddin (centre) with Hong Kong investor Dr Ho Hau Wong (right) and Glomour Ideals Sdn Bhd managing director Joseph Chin (left) at the ground-breaking ceremony of the Simpang Pulai Business Centre development project near Ipoh.
Perak Mentri Besar Datuk Seri Mohammad Nizar Jamaluddin was also present to witness the groundbreaking ceremony.
Dr Ho, who plans to retire here, said Jerard was involved in two projects in the city centre - a service apartment, and hotel and villas development.
Other projects were semi-detached houses and villas in Menglembu and semi-detached houses and bungalows in Bercham, he added.
By The Star (by Hah Foong Lian)
Friday, June 13, 2008
Lakeside living in Ipoh
Lakeside living coupled with city amenities is hard to beat
Located in Ipoh, Tiara Lake Park offers the option of working in the city while living in a peaceful and serene home, complete with all the amenities for comfortable living.
Spacious: Tiara Lake Park is a low density development with 5.1 homes per acre compared to the industry average of 10–12 houses per acre.
“Ipoh is an ideal township to call home. It has all the necessary amenities such as shopping malls, parks and hospitals and offers affordable housing,” says Total Investment Sdn Bhd director John Chong whose company is undertaking the development.
The development site is also strategically located between Kuala Lumpur and Penang. The Double Rail Track System, expected to be operational in two years, adds to the attraction of Ipoh.
“What we are offering is quality lifestyle living,” explains Chong.
He points out that at the cost of a mid- range home in Kuala Lumpur, one could live in a luxurious upmarket house in Ipoh with added facilities.
At Tiara Lake Park, this is exactly what you get.
The project is located merely 10 minutes' drive away from the heart of Ipoh.
Built around a large lake, residents will enjoy landscaped parks and gardens as well as aquatic leisure activities including boating and fishing.
“Tiara Lake Park is devoted to nature and greenery. No other township in Perak offers this. It is also an impressively low density development with 5.1 homes per acre compared to the industry average of 10–12 houses per acre,” says Chong.
Terraced homes offer large built-up space with plot sizes that span 22ft x 80ft, 24ft x 75ft and 25ft x 80ft.
With paths, jogging tracks, tree-lined roads, surrounded by Ipoh’s natural limestone hills, it will be a delightful place to call home. Buyers will also be happy to note that space has also been allocated for a school and kindergarten, with plans for a shopping area.
As for designs, you can choose from a range to suit various budgets – from terraced houses to semi-detached units to bungalows.
Terraced homes offer large built-up space with plot sizes that span 22ft x 80ft, 24ft x 75ft and 25ft x 80ft. For those who prefer detached homes, the cluster semi-detached unit will catch the eye with its contemporary designs and affordable pricing ranging from RM223,800 to RM236,800.
The homes will also be equipped with an alarm system, with the option of subscribing to a Central Monitoring Security System.
Total Investment, says Chong, is positioning itself as a developer of quality and lifestyle homes.
“With this in view, we are very discerning in the areas we choose to develop, ensuring that our townships offer the best living environment.”
For those who prefer detached homes, the cluster semi-detached unit will catch the eye with its contemporary designs and affordable pricing ranging from RM223,800 to RM236,800.
Another one of its distinguished projects is a gated community in Bandar Baru Tambun, comprising exclusive semi-detached and bungalow units.
Priced from RM500,000, these contemporary semi-detached lots (45ft x 85ft) have six rooms and five baths. The 100 units will be supported by first-grade infrastructure facilities and a central park.
Meanwhile 12 highly exclusive bungalows will also be available.
Total Investment welcomes inquiries at its booths at the MAPEX exhibition from June 13 to 15. Or call 05-2536 555. Their office is located at No. 3, Jalan Lasam, Greentown, Ipoh
By The Star (by Elaine Jeyakumar)
Tuesday, March 11, 2008
Morubina’s Kinta Riverfront project ready by Sept 2009
Ting: Attracted buyers from Indonesia, Singapore and even China
PETALING JAYA: Ipoh’s first 5-star Kinta Riverfront Hotel & Suites on a fiveacre leasehold site along the Kinta River has registered sales of close to 80% of its serviced apartments. Developed by Morubina Sdn Bhd, a member of the Morubina Group of Companies, the project comprises a 19-storey hotel with 313 rooms and a 20-storey serviced apartment offering 239 suites for sale. The entire project has a gross development value of RM120 million and would be completed in Sept next year. Piling works for the project have commenced.
According to the developer, sales have been encouraging since its launch in June last year. Morubina’s managing director Ting Sing Yiew told theSun that its buyers were drawn to the project’s 15-year guaranteed rental scheme. “They found the scheme, which guarantees an annual rental yield of 7%, attractive. We also conducted road shows overseas and have attracted about 40 buyers from Indonesia, Singapore and even China,” said Ting, adding that it has set up sales offices in Medan and Guangzhou due to the overwhelming response. Its local buyers, however, are mostly from Perak and Ting said that most purchased it for investment reasons.
For the serviced apartments, which are unfurnished, the developer is offering two types for sale. The Type A design, totaling 126 units, has views of the riverfront and comes with a built-up area of 1,223 sq ft. Prices of the three-bedroom unit ranges between RM338,999 and RM438,999. Those with the heritage view is the two-bedroom 808 sq ft Type B design which totals 108 units and range from RM199,999 to RM299,999.
There are also five penthouses which come in two designs. With built-up areas of between 1,602 sq ft and 7,393 sq ft and prices from RM730,000 and RM2.8 million, buyers have a choice of between the fully furnished (with three bedrooms) or the partially furnished (with two bedrooms) units.
The developer is also offering an additional fixtures and fittings scheme priced at RM38,000 for Type A units and RM25,000 for Type B units. The maintenance and utility fee is free for those who opt for the guaranteed rental scheme. Those who purchase for own use need to pay 20 sen psf monthly.
The developer says that buyers need only pay an upfront instalment amounting to 20% of the selling price for the project, which employs the build-and-sell concept. The balance payment would be upon the issuance of the Certificate of Fitness for Occupation.
Meanwhile, the hotel component, to be managed by Morubina, would have presidential, royal, family and deluxe suites. “We are also offering standard facilities like any other 5-star hotel. We have a grand ballroom which accommodates 1,600 people, which is the biggest in Ipoh. There are five restaurants, a business centre, two basement car parks, pools and sporting facilities too,” said Ting. Other amenities include Wi-Fi broadband access, spas as well as safety elements such as closedcircuit televisions.
According to Ting, the Kinta Riverfront Hotel & Suites is a tourism-related project and it has since been given a Temporary Occupancy License by the state government to further develop both sides of the Kinta River, covering a 1.5km- stretch from Jalan Raja Musa Mahadi up to Jalan Sultan Iskandar.
“We will be building six mini-bridges, a replica of famous world bridges, along this stretch, costing some RM2 million. There will also be more than 300 shops, bazaars, food and beverage outlets, as well as an open-air auditorium,” said Ting, adding that the cost of developing the riverbank area amount to some RM30 million.
By theSun (by Loo Pik Kwan)
Friday, November 23, 2007
Ipoh's first Garden Township
Kinta Properties CEO Dr Tan Chin Yong talks about its RM1.3 billion development
Low cost of living, slow-paced quality lifestyle and affordable housing are some of the factors that are drawing locals and foreigners alike to set up home in the former tin mining town of Ipoh.
Local property players such as Taiko Properties and Keris Properties are being joined by developers from other states, including MK Land Holdings Bhd and Sunway City Group (Suncity), who are looking to capitalise on the untapped potential of the area.
Although some of the developers are sticking to building small townships and niche projects
consisting mainly of 2-storey terraces homes, there are also those who are a bit more adventurous and creative.
Bandar Baru Sri Klebang's show village
One of the local property players is Kinta Properties Group, with its latest township project, Bandar Baru Sri Klebang (BBSK). Touted as Ipoh’s first eco-city garden-themed
township, it incorporates spacious homes amidst a landscape of lush gardens and natural greenery.
Its chief executive officer, Dr Tan Chin Yong (pix), tells PropertyPlus about 30% of the 650-acre freehold township has been completed with 836 homes already handed over since the first launch in 2001. It is expected to be completed in 2015 with a gross development value (GDV) of RM1.3 billion.
“Our properties in BBSK are targeted at the medium- to high-end market as there are very few choices for Ipoh residents when it comes to high-end homes,” he says, adding that most local developers there seem to focus on small-scale terraced housing projects.
According to him, 60% of the buyers are local families and upgraders while 40% are from the outstation and overseas market. “Twenty per cent of our buyers are foreigners, who are
either under the Malaysia My Second Home (MM2H) programme or have family ties in Ipoh.
More than 50% of the self-integrated BBSK has been allocated for detached and link bungalow development while the remainder comprises of terraced homes and shoplots. The township also
has 85 lots of bungalow land, averaging 8,000 sq ft in size, which have been fully sold out.
“The aim is to create an enviable bungalow community with ample parks and open spaces, so that the area has an excellent upside potential in the future,” Tan says.
BBSK is located along the Jalan Kuala Kangsar trunkroad that links Ipoh to other townships in the north. It is only 5km away from the PLUS Highway Jelapang Toll and 15 minutes from the city centre. The area is recognised as the second fastest growing corridor outside Ipoh by the Ipoh Municipal Council.
The developer has a track record of more than 30 years, with the establishment of communities such as Meru Valley Resort, First Garden, and Taman Perpaduan Jaya in Ipoh as well as projects in Alor Gajah and Melaka Tengah, Melaka.
Tan says there are good prospects in the Perak property market, despite the rise in material and fuel cost and drop in public disposable income.
“There is big potential in the MM2H programme in Ipoh, as many (foreigners) prefer the quiet lifestyle that the city offers,” he says, adding that Perak is strategically located between Kuala Lumpur and Penang and accessibility to the state would be made easier with the expansion of the Ipoh Airport.
Tan says property prices in Perak are steadily going up. “When our first phase of 2-storey detached homes were launched in 2002, they were priced at RM268,800. Today, we are pricing our detached homes at between RM400,000 to RM550,000,” he says.
Garden theme
To live up to its name as Ipoh’s first eco-city garden-themed township, the developer is in the midst of planning a riverside forest, where residents can walk under canopies of tropical
trees and enjoy a stroll along a river, which runs through the township.
Tan says BBSK’s show village was opened in 2005 to help educate the public on the importance of sustainable development and becoming a permanent exhibition of an example of an eco-village.
“The purpose (of the show village) was to help instil a feeling of civic mindedness within the public to create a green environment by planting more trees in their homes and to bring nature back to housing communities,” he says.
Kinta Properties is also looking at the option of using eco-friendly building materials and methods for the construction of the residential clubhouse and future phases in the township.
“The clubhouse will feature open, insular and shady design with overhangs, solar power energy, and built-in catchments of rainwater for various uses,” he says. The clubhouse currently has a driving range and tennis court but the second phase, comprising a swimming pool, gym, café, and multipurpose hall, will be completed in 2009.
The group’s latest launch in the township is Parklane Residences, which consists of 62 units of 2-storey bungalows with built-ups of 2,978 sq ft onwards, with prices starting from RM419,800. “About 50% of the units have been sold to date since they were launched in February this year,”
Tan says.
Future launches in the township for next year include 2- and 2 ½- storey link houses and 2-storey link bungalows. The link houses have built-ups ranging from 1,850 sq ft to 2,850 sq ft while the link bungalows have average built-ups of 3,050 sq ft.
Tan says prices for those properties have yet to be determined but adds that they would be generally valued at about 10% to 15% higher than the current phases. Terraced units in BBSK
are currently priced from RM163,800, while semi-dees are priced at RM299,800 onwards.
Kinta EcoCity Sdn Bhd (formerly known as AMZ Corporation Sdn Bhd) was incorporated in 1980 to develop 876 acres of land in the Klebang estate near Ipoh, Perak. The project, however, did not take off under the former shareholders, and in late 1996, the Kinta Properties Group took control of Kinta EcoCity.
In 2001, 200 acres of the project’s landbank was sold to the MK Land group, which is now in the process of developing terraced houses as well as shoplots in its township called Klebang Putra. MK Land has also built a community clubhouse in its vicinity.
The balance 676 acres is being developed into BBSK, which comprises the elements of a mixed-eco-township featuring detached, semi-detached and terraced homes amidst parks and gardens, with amenities such as shops, a public driving range, a proposed clubhouse, and a
proposed commercial centre.
The main commercial feature in the master plan comprises a new commercial centre modelled after the Greentown Business Centre in Ipoh. This proposed business centre will house
a shopping centre, an entertainment and international food centre, and shop offices.
The developer has also recently donated 13 acres of land to Poi Lam primary and secondary schools, whereby the schools will be relocated into BBSK within five years. A second reserve of 15 acres has also been allocated jointly with MK Land for a government school in the future.
By theSun (by Yap Yew Jin)
Low cost of living, slow-paced quality lifestyle and affordable housing are some of the factors that are drawing locals and foreigners alike to set up home in the former tin mining town of Ipoh.
Local property players such as Taiko Properties and Keris Properties are being joined by developers from other states, including MK Land Holdings Bhd and Sunway City Group (Suncity), who are looking to capitalise on the untapped potential of the area.
Although some of the developers are sticking to building small townships and niche projects
consisting mainly of 2-storey terraces homes, there are also those who are a bit more adventurous and creative.
Bandar Baru Sri Klebang's show village
One of the local property players is Kinta Properties Group, with its latest township project, Bandar Baru Sri Klebang (BBSK). Touted as Ipoh’s first eco-city garden-themed
township, it incorporates spacious homes amidst a landscape of lush gardens and natural greenery.
Its chief executive officer, Dr Tan Chin Yong (pix), tells PropertyPlus about 30% of the 650-acre freehold township has been completed with 836 homes already handed over since the first launch in 2001. It is expected to be completed in 2015 with a gross development value (GDV) of RM1.3 billion.
“Our properties in BBSK are targeted at the medium- to high-end market as there are very few choices for Ipoh residents when it comes to high-end homes,” he says, adding that most local developers there seem to focus on small-scale terraced housing projects.
According to him, 60% of the buyers are local families and upgraders while 40% are from the outstation and overseas market. “Twenty per cent of our buyers are foreigners, who are
either under the Malaysia My Second Home (MM2H) programme or have family ties in Ipoh.
More than 50% of the self-integrated BBSK has been allocated for detached and link bungalow development while the remainder comprises of terraced homes and shoplots. The township also
has 85 lots of bungalow land, averaging 8,000 sq ft in size, which have been fully sold out.
“The aim is to create an enviable bungalow community with ample parks and open spaces, so that the area has an excellent upside potential in the future,” Tan says.
BBSK is located along the Jalan Kuala Kangsar trunkroad that links Ipoh to other townships in the north. It is only 5km away from the PLUS Highway Jelapang Toll and 15 minutes from the city centre. The area is recognised as the second fastest growing corridor outside Ipoh by the Ipoh Municipal Council.
The developer has a track record of more than 30 years, with the establishment of communities such as Meru Valley Resort, First Garden, and Taman Perpaduan Jaya in Ipoh as well as projects in Alor Gajah and Melaka Tengah, Melaka.
Tan says there are good prospects in the Perak property market, despite the rise in material and fuel cost and drop in public disposable income.
“There is big potential in the MM2H programme in Ipoh, as many (foreigners) prefer the quiet lifestyle that the city offers,” he says, adding that Perak is strategically located between Kuala Lumpur and Penang and accessibility to the state would be made easier with the expansion of the Ipoh Airport.
Tan says property prices in Perak are steadily going up. “When our first phase of 2-storey detached homes were launched in 2002, they were priced at RM268,800. Today, we are pricing our detached homes at between RM400,000 to RM550,000,” he says.
Garden theme
To live up to its name as Ipoh’s first eco-city garden-themed township, the developer is in the midst of planning a riverside forest, where residents can walk under canopies of tropical
trees and enjoy a stroll along a river, which runs through the township.
Tan says BBSK’s show village was opened in 2005 to help educate the public on the importance of sustainable development and becoming a permanent exhibition of an example of an eco-village.
“The purpose (of the show village) was to help instil a feeling of civic mindedness within the public to create a green environment by planting more trees in their homes and to bring nature back to housing communities,” he says.
Kinta Properties is also looking at the option of using eco-friendly building materials and methods for the construction of the residential clubhouse and future phases in the township.
“The clubhouse will feature open, insular and shady design with overhangs, solar power energy, and built-in catchments of rainwater for various uses,” he says. The clubhouse currently has a driving range and tennis court but the second phase, comprising a swimming pool, gym, café, and multipurpose hall, will be completed in 2009.
The group’s latest launch in the township is Parklane Residences, which consists of 62 units of 2-storey bungalows with built-ups of 2,978 sq ft onwards, with prices starting from RM419,800. “About 50% of the units have been sold to date since they were launched in February this year,”
Tan says.
Future launches in the township for next year include 2- and 2 ½- storey link houses and 2-storey link bungalows. The link houses have built-ups ranging from 1,850 sq ft to 2,850 sq ft while the link bungalows have average built-ups of 3,050 sq ft.
Tan says prices for those properties have yet to be determined but adds that they would be generally valued at about 10% to 15% higher than the current phases. Terraced units in BBSK
are currently priced from RM163,800, while semi-dees are priced at RM299,800 onwards.
Kinta EcoCity Sdn Bhd (formerly known as AMZ Corporation Sdn Bhd) was incorporated in 1980 to develop 876 acres of land in the Klebang estate near Ipoh, Perak. The project, however, did not take off under the former shareholders, and in late 1996, the Kinta Properties Group took control of Kinta EcoCity.
In 2001, 200 acres of the project’s landbank was sold to the MK Land group, which is now in the process of developing terraced houses as well as shoplots in its township called Klebang Putra. MK Land has also built a community clubhouse in its vicinity.
The balance 676 acres is being developed into BBSK, which comprises the elements of a mixed-eco-township featuring detached, semi-detached and terraced homes amidst parks and gardens, with amenities such as shops, a public driving range, a proposed clubhouse, and a
proposed commercial centre.
The main commercial feature in the master plan comprises a new commercial centre modelled after the Greentown Business Centre in Ipoh. This proposed business centre will house
a shopping centre, an entertainment and international food centre, and shop offices.
The developer has also recently donated 13 acres of land to Poi Lam primary and secondary schools, whereby the schools will be relocated into BBSK within five years. A second reserve of 15 acres has also been allocated jointly with MK Land for a government school in the future.
By theSun (by Yap Yew Jin)
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