| |
| |
| |
| 733 High-end Homes To Be Launched By June |
| |
| |
| SOME 733 units of three-storey landed residential properties with gross sales value totalling over RM700mil will be launched by June on the Penang island. |
| |
| The developers launching the properties include SP Setia Bhd, E&O Property Development Bhd and Chong Co Sdn Bhd. |
| |
| SP Setia Property Division (North) general manager S. Rajoo said SP Setia was ready to launch 392 units of three-storey terraced and three-storey semi-detached houses with a gross sales value of RM362mil before mid-2008. |
| |
| Rajoo said the group expected to generate RM200mil in revenue this year from the sales of new launches. |
| |
| “Some 172 units of the terraced and semi-detached properties, priced between RM800,000 and RM1.3mil, are for the Setia Pearl Island project located on a 112-acre site in Sungai Ara. |
| |
| “The remaining 220 units are smaller terraced properties with built-up areas of 2,200sq ft for our new project, Setia Vista, located on a 21 acre in Relau, the south-west district of the island. |
| |
| “Due to their smaller size, the Setia Vista properties are priced from RM658,000,” he said. |
| |
| Rajoo said there were about 37,000 units of landed residential properties of all types on the island. |
| |
| “These are all occupied. About 3,000 units of landed residential properties are being planned for launching and undergoing construction on the island. |
| |
| “Penangites know that in the next two to three years, there will hardly be any new landed residential property launches. This is why they are buying now. |
| |
| “Since last April, we have launched 558 units of three-storey terraced houses with a gross sales value of RM368mil, of which about 75% has been sold,” he said. |
| |
| Chong Co director Chan Foek Onn said the company planned to launch in the second quarter the Taman Pantai Indah and BJ Residency projects, comprising 209 three-storey terrace and semi-detached homes with built-up areas ranging from 3,000 to 4,000 sq ft. |
| |
| The gross sales value for both projects is RM182mil. |
| |
| “The Taman Pantai Indah scheme in Batu Uban near the Penang Bridge comprises 62 properties. |
| |
| “The BJ Residency is a gated community project on a 8-acre site in Bukit Jambul, the south-west district of the island. |
| |
| “These properties will be priced above RM850,000,” he added. |
| |
| Chan said home purchasers were no longer looking for just a house with rooms and bathrooms. |
| “Architectural designs and spaciousness for privacy counts. |
| |
| “For our homes, we provide Mediterranean and contemporary tropical designs that come with slope roofs, patios, open arches and large windows for breeze to flow in easily,” he said. |
| |
| E&O Development Bhd is also launching 132 three-storey semi-detached houses and three-storey bungalows with a gross sales value of RM180mil by June. |
| |
| Its marketing director K.C. Chong said the semi-detached houses with built-up areas of 4,000 sq ft were priced at RM1.5mil. “The bungalows, with built-up areas of 5,000 sq ft, are priced between RM2.6mil and RM3mil,” he said. |
| |
| Both the semi-detached and bungalow units come with five to six bedrooms, Chong said. |
| |
| PPC International Sdn Bhd managing director Mark Saw said the concept and theme of landed residential homes were equally important for the marketing of such properties. |
| |
| “For SP Setia's Setia Pearl Island scheme in Sungai Ara, the developer constructs its residential properties around unique landscape themes differentiated by aromatic plants and trees. |
| |
| “The Setia Pearl Island homes are within a guarded community, equipped with around-the-clock security and closed-circuit televisions,” he said. |
| |
| Saw said E&O Property's Seri Tanjung Pinang project was developed around the “lifestyle-by-the sea” theme. |
| |
| “To be developed in the near future is The Waterside project, which comprises a marina, retail and leisure outlets, boutiques, as well as an entertainment complex within the Seri Tanjung Pinang,” he said. |
| |
| |
|
| |
| |
Close Window