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The Outlook for Landed Homes in Cheras, Kuala Lumpur, Is

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The Outlook for Landed Homes in Cheras, Kuala Lumpur, Is LISTINGS . NEW LAUNCHES . NEWS . DATA . ANALYTICS A PULLOUT EVERY FRIDAY WITH Th eEdgeProperty.comPP 9974/08/2013 (032820) FRIDAY, JUNE 24, 2016 . ISSUE 2195/2016 ONLINE + OFFLINE 8 HOME IDEAS Creating 5 DEALMAKERS a fi ve-star A little home spa passion goes a long way 4 NEWS 4 NEWS What is the impact UEM Sunrise’s of Brexit on two-month campaign Malaysian property racks up RM228 mil investors? in sales Th e outlook for landed homes in Cheras, Kuala Lumpur, is Looking BRIGHT See story on Pg 6 & 7 Where do I get a copy of this weekly pullout? Go to TheEdgeProperty.com to download for free Ikea Cheras — one of the new landmarks in Cheras KL TEP 2 FRIDAY JUNE 24, 2016 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from TheEdgeProperty.com Soaring house prices Gamuda Land targets worry Penangites to launch Kundang below 30 Estates by end-July Despite the aff ordable housing pro- Gamuda Land, the property arm of gramme by the state government, construction group Gamuda Bhd, Penangites, especially those below aims to launch Kundang Estates the age of 30, are worried that they are residential development in Kam- unable to own a house in the future. pung Baru Kundang, Kuang, at the This is because housing prices on end of next month, said the devel- Like us on facebook Penang island have risen by about oper’s chief operating offi cer, Ngan The Edge Property 50% over the last fi ve years including Chee Meng. Malaysia houses that were built under the af- S P Setia to hold preview for Setia EcoHill 2 “This boutique residential de- fordable housing programme. this weekend velopment situated on a 90-acre A Bernama survey showed that parcel of leasehold land in Kun- several aff ordable housing projects S P Setia Bhd will hold a preview for Setia EcoHill 2 this weekend, with dang town comprises 573 units that were completed less than 10 prospective buyers having the opportunity to choose their desired units at of 2-storey terraced houses sur- years ago in Bandar Baru Air Itam the township’s sales gallery, said the group in a press release on June 20. rounded by lush greenery,” he told originally priced at about RM175,000 The new township in Semenyih is a 1,010-acre freehold development reporters during the soft launch are currently being resold at which adopts an eco concept that incorporates creativity, practicality and on June 18. RM300,000 and above. sustainability. Setia EcoHill 2 is located a mere 3km away from the highly The four-phase development will State Housing, Local and Town successful Setia EcoHill township fi rst launched in 2013. have a gross development value of and Country Planning Committee In an earlier report, the developer said it will be launching the fi rst RM600 million. The developer plans The Edge Communications Sdn Bhd chairman Jagdeep Singh Deo said phase of the new township sometime in June or July. The Springfield to launch the fi rst two phases, which (266980-X) the state government has no power Residences, which has a GDV of RM228 million, will occupy 180 acres. It consist of 122 units, at the end of Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, to control the price of houses being will consist of 258 2-storey terraced houses and 96 linked semi-detached July. The remaining phases will be Selangor, Malaysia sold by house owners. homes. unveiled by year-end. The state government had set a The terraced houses will come in three designs with built-ups from “The built-up sizes of the ter- moratorium of fi ve years for aff orda- 1,859 sq ft to 2,155 sq ft while the semidees have a built-up of 2,028 sq ft. raced homes range between 1,800 sq Publisher and Group CEO Ho Kay Tat ble housing units and 10 years for The houses are indicatively priced between RM553,000 and RM668,000. ft and 2,600 sq ft. The selling price EDITORIAL low-cost housing units before they starts from RM570,000 or RM320 psf Senior Managing Editor Azam Aris could be sold in the open market. on average,” Ngan added. CORPORATE "There's nothing that can be done lead the association for another includes immediate past president He noted that Kundang Estates Managing Director Au Foong Yee by the state government to control term of two years till 2018. Datuk Seri Michael Yam, most re- is perfect not just for locals who are Deputy Managing Director the price, but what we can do is to About 150 voting delegates from cent past president Datuk Ng Seing looking for an upgrade but also city Lim Shiew Yuin provide more aff ordable housing so Rehda branches nationwide attended Liong, deputy president Datuk Soam dwellers, especially those who work that the people can buy at a lower the Rehda Annual Delegates Confer- Heng Choon as well as vice-pres- or stay at the north of Petaling Jaya TheEdgeProperty.com price," he said. — Bernama ence (ADC) 2016 last Saturday. idents Datuk Khor Chap Jen and and who want a suburban living Managing Director Au Foong Yee Fateh Iskandar was elected as Datuk Sivanyanam Sinnathamby. environment. Editor Lam Jian Wyn Fateh Iskandar President in 2014. He has more than Contributing Editor Sharon Kam Deputy Chief Copy Editor continues to head Rehda 20 years of experience in the proper- James Chong ty development industry. Senior Copy Editor The Real Estate and Housing Devel- According to Rehda, a healthy Shanthi Murugiah opers’ Association (Rehda) Malaysia mix of new and old faces have been Writers Rachel Chew, Tan Ai Leng How do I get past issues of this and Natalie Khoo president Datuk Seri Fateh Iskandar elected to serve the association for Mohamed Mansor will continue to the new term. weekly pullout? Art Director Sharon Khoh The association’s line-up now Design Team Nik Edra, Nurul Aida Go to Mohd Noor TheEdgeProperty.com MARKETING & ADVERTISING Account Director trending to download for free Sharon Chew (012) 316 5628 now Senior Account Manager Jayne Law (016) 929 3309 If you have any real estate-related events, email us at [email protected]. Account Manager LAUNCHES + EVENTS Events listed here will also appear on TheEdgeProperty.com. Jayremy Sim (011) 1669 6039 Email : [email protected] NEGOTIATOR ADVISORY SERVICE Durian & Tropical Fruit Fest Contact: (03) 2287 5522 Contact: (03) 7859 7822 Contact: (012) 208 1693 (KL)/ For enquiries + listings Date: June 25 and 26 S P Setia Bhd will be having a This home and living exhibition (016) 208 0488 (Penang)/ (016) GL: (03) 7721 8175/ 8172 Email: propertysupport@ (Sat and Sun) preview of its latest apartment will see over 200 household 232 1099 (Johor Bahru) bizedge.com Time: 10am to 10pm project in Melbourne, the brands of furniture, kitchen Jalin Realty will be holding Senior Manager Elizabeth Lay Venue: Windmill Upon Hills Sales Maison Carnegie. Interested appliances, home security and an exhibition of Crest which Senior Associate Stannly Tan Associate Karen Wong Gallery @ B-P7 & B-P8, Jalan buyers will be able to select many more. The event is open to comprises 58 units of Associate Kriss Tan Permai, Genting Permai Avenue, their preferred units before the public and is free. However, apartments with 1-bedroom Genting Highlands, Bentong the offi cial launch on Aug 6. registration is required. units from A$309,600 and For New Launches/Events/Press Releases/ Contact: (011) 1787 8082 2-bedroom units from News Tips or (03) 6100 2339 Setia EcoHill 2 grand preview Melbourne Property A$445,000. There will be Tel: 03-7721 8211 Fax: 03-7721 8038 Exhibition Email: [email protected] OSK Property will be organising Date: June 25 and 26 seminars daily at 2.30pm in a Durian & Tropical Fruit Fest (Sat and Sun) Date: June 25 and 26 Johor and Penang entitled “How where participants can enjoy Time: 10am onwards (Sat and Sun) much tax a foreign investor/ The Edge Communications Sdn Bhd diff erent types of tropical fruits Venue: Setia EcoHill Welcome Time: 11am to 7pm home owner needs to pay for ADVERTISING & MARKETING amid the highland’s fresh air. Centre, No 2, Jalan Ecohill Venue: DoubleTree Hotel KL, their Australian properties?” To advertise contact 1, Setia Ecohill, Semenyih Level 10, Pine Room, The and “Financing for Australian GL: (03) 7721 8000 Preview of Maison Carnegie Fax: (03) 7721 8288 Contact: (03) 8724 2255 Intermark, 348, Jalan Tun Razak, properties” by OCBC Bank. Chief Marketing Offi cer Date: June 25 and 26 S P Setia will be launching the KL; G Hotel Penang, Level 2, Sharon Teh (012) 313 9056 (Sat and Sun) fi rst phase of its Setia EcoHill Salon II, 168A, Persiaran Gurney, Yesteryear Childhood Games General Manager, Digital Media Kingston Low (012) 278 5540 Time: 10am to 5pm 2 township, the Springfi eld Penang; and New York Hotel JB, Date: June 25 and 26 Senior Sales Managers Venue: Setia International Residences, comprising 258 Level 11, Meeting Room 2, No 22, (Sat and Sun) Fong Lai Kuan (012) 386 2831 Centre, Lot 215, Pantai Baru, units of 2-storey terraced houses Jalan Datuk Abdullah Tahir, JB. Time: 10am to 5pm Peter Hoe (019) 221 5351 Gregory Thu (012) 376 0614 Jalan Bangsar, Kuala Lumpur and 96 units of linked semi- Venue: Park Manor, Sierramas, Creative Marketing detached homes. Prices for Sungai Buloh, Selangor Chris Wong (016) 687 6577 the 2-storey terraced houses Contact: (017) 357 2266 Head of Marketing Support & Ad Traffi c start from RM553,000.
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