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UPCOMING: Permatang Pauh / DH Land Sdn. Bhd.

Permatang Pauh/ 25 April 2022 No comments

proposed-development-dh-land

A newly proposed serviced residence by DH Land Sdn. Bhd. at Permatang Pauh. Located on 1.68 acres of land along Jalan Permatang Pauh, diagonally opposite Caltex petrol station. It is only 1km to Butterworth/Kulim Expressway interchange, less than 5 minutes drive to Sunway Carnival Mall at Seberang Jaya.

This development comprises a 24-storey skyscraper, featuring 165 serviced residence units with a standard built-up size of 850sq.ft.. There will be 8 levels of car parking podium with 3 units of shop lot located at ground level.

The project is still pending approval. More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Permatang Pauh
Property Type : Affordable housing
Land Tenure: (to be confirmed)
Total Units: 165 (residence)
Built-up Size: 850sq.ft. (residence)
Indicative Price: (to be confirmed)
Developer : DH Land Sdn. Bhd.

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

People go for more recreational facilities when buying homes now

Property News/ 24 April 2022 No comments

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Buyers are going for more recreational facilities to be included in their housing projects.

“Environment and lifestyle now play a big part in their decision-making process.

“Gone are the days when home owners only want a roof over their heads,” said Malaysian Institute of Estate Agents president Chan Ai Cheng.

The top three facilities buyers would look for are a swimming pool, well-equipped gymnasium and games court, according to Chan.

In a gated and guarded community, buyers also want security, walk paths and cycling tracks, and extensive landscaping for that “resort feel”, she said.

Within a high-rise development, extensive facilities including rooftop gardens, car parks, impressive entrance statements and lift lobbies are much sought after.

To impress buyers, developers are building new and improved facilities.

“Developers are setting a new standard in terms of the number of facilities within a development.

“They are the key in attracting would-be home owners and as such, developers would go all out to impress buyers,” she said.

However, Chan said recreational facilities may not be enough, especially for teenagers who need more space for games and sports.

In the city, there is an issue of space due to high land cost, she said.

“This is where games centres could come into play.

“The centres could house tennis or badminton courts, swimming pools and other activities under one roof,” said Chan.

Real Estate and Housing Developers’ Association Malaysia (Rehda) acting president Datuk NK Tong said: “There is a trade-off between providing more facilities and making homes more affordable.”

Tong said the amenities have maintenance costs as well.

“We don’t want to put in something that is too expensive to maintain,” said Tong, adding that open green spaces have remained a popular requirement among homebuyers.

“Trends are changing all the time but for young families, open parks are still very popular,” he said.

For landed development, developers are required by the authorities to provide parks but there are also developers of bigger townships that go the extra mile by offering extra facilities, he said.

Source: TheStar.com.my

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SITE PROGRESS: Terraces Condominium (Apr 2022)

Property News/ 23 April 2022 No comments

terraces-condominium-site-progress-apr2022-2

 

About Terraces Condominium

A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from.

Find out more about Terraces Condominium

Register your interest here and we will keep you updated.

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*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Two opposing views on proposed new residential tenancy law

Property News/ 22 April 2022 4 comments

residential-tenancy-act-file-picture

A proposed new law on tenancy of rented houses, which is to deal with racism in the housing market, has drawn two opposing views on when it should be taken to Parliament.

A representative of house buyers, Chang Kim Loong, says the government should focus on the economy instead as the law will not be able to reduce racial discrimination in the housing market.

However, James Raj, who is with a parliamentary group for sustainable development, says the law should be tabled in Parliament at its next meeting in July.

Chang, who is secretary-general of the National House Buyers Association, said the Residential Tenancy Act was unnecessary at this time. He disagreed with the stated objective of dealing with racial discrimination as stated by a minister two years ago.

“The focus should be on reviving the economy. Perhaps the proposed RTA should be revisited in five years’ time,” he said.

“Unfortunately, racism and racist practices are prevalent not only in the tenancy market but in other areas of life and society. Look around and you will arrive at your own conclusion.

“If I am to let out my property for rent, I don’t care about your skin colour. If you can pay, I will let it to you. Let’s say a Chinese person comes to me and offers RM2,000 in rent but the next person, who is Malay, offers me RM2,300. Obviously, I will accept the higher rent.”

Chang said that rather than using the new law to combat racism, it might be better to educate landlords and tenants on their shared roles and responsibilities.

He said the problem may lie in the perception that people of certain ethnic groups make for less palatable tenants, which might have been perpetuated by a lack of understanding or education of different cultures.

Penalties for racist landlords

Raj, who is an officer of the all-party parliamentary group on sustainable development, urged the government to table the Act at the next Dewan Rakyat meeting in July.

He said the Act could deal with the problem of racism if the law contained enforcement provisions, such as penalties on landlords who practise racial preferences in their advertisements.

He said prospective Indian tenants were placed at a disadvantage by such advertisements.

“The landlords should not mention the race at all when they want to rent out their property. We are talking about fostering inclusivity in Malaysia, a safe, equitable and affordable environment,” he said.

The proposed RTA has been the subject of a month-long consultation session organised by the housing ministry in February.

Its minister Reezal Merican Naina Merican was reported as saying recently that the ministry is seeking more feedback before the proposed law is tabled.

Source: FreeMalaysiaToday.com

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Site offices for PSI project to use renewable energy

Property News/ 21 April 2022 No comments

psi-office-solar

In line with the commitment to build an ESG- (environment, social and governance) compliant Penang South Islands’ (PSI), the project’s site offices will strive to use renewable resources to meet their operational needs.

SRS Consortium deputy project director Azmi Mohamad said the Marine Operation Control Centre (MOCC) in Batu Maung was only the first PSI project office to be fitted with solar panels, and more would follow.

MOCC will monitor vessel movements around the PSI site during reclamation.

“As the project progresses, we also plan to use solar power at Pusat Perkhidmatan Setempat Nelayan (PPSN) Permatang Damar Laut, and the future project office in Batu Maung, where management and administrative staff will be based.

“This is in line with our commitment to building a low-carbon development and support efforts to become more climate resilient. We must walk the talk, even in our non-construction activities,” he said in a statement released by Penang Infrastructure Corporation (PIC).

SRS Consortium and PIC were earlier reported to be entering a joint venture to reclaim Island A, one of the three islands under the PSI project.

PSI is being master planned according to recommendations of the Green Plan and Low Carbon Cities Framework that aim to reduce greenhouse gas emissions.

The MOCC’s solar panels, which were installed on April 15, just a week before Earth Day on April 22, will generate 11.83 kWp (kilowatts peak) to power the centre’s operations.

Azmi said based on an estimated power demand of 10kW for 12 hours per day, the solar panels would help the MOCC reduce 12 tonnes or 40% carbon emissions a year, in line with the National Physical Planning Council’s recommendation to build a low carbon development to address climate change.

“The materials that make up this solar power system can last up to 30 years. We believe that investing in solar power is worth the time and effort.

“Most importantly, we can significantly reduce greenhouse gas or carbon emission from energy that comes from burning fossil fuels in the long run,” Azmi said.

According to the PIC statement, the project is also looking at introducing solar-powered streetlights for the MOCC in the future. For now, the PPSN offices in Permatang Damar Laut, Sungai Batu and Gertak Sanggul are already using them.

Apart from using solar power, the MOCC and PPSN Permatang Damar Laut are also using rainwater harvesting systems to collect water for cleaning and landscaping.

In the future, both initiatives will be adopted at other project premises, alongside eco-friendly energy-saving lighting, air conditioning (inverter) and ventilation systems; and water-saving faucets and flush system.

Source: Buletin Mutiara

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