Utility companies will have to pay for the building of their respective facilities at affordable housing schemes, and bear the costs, under a guideline of the upcoming National Housing Policy (NHP) 2.0.

Housing and Local Government minister Zuraida Kamaruddin said there will be a guideline under the affordable housing sub-policy of the NHP 2.0 that requires utility companies to take over the cost of building utilities such as water, electricity and telecommunications from developers of affordable houses for the B40 group.

“The compliance cost will be taken by the different [utility] agencies. The cost of [providing] water, electricity and telecommunications should be borne by the respective agencies instead of property developers who then pass on the cost to home buyers,” she said, during a question and answer session at the Real Estate Seminar 2018 at University Malaya (UM) today.

“We do this in order to give more opportunities to build lower-cost houses so that our people, especially the B40 group can have access to homeownership,” she elaborated.

She noted that the new NHP has been approved by the Cabinet and will be launched soon.

Housing accessibility, together with home quality, facilities, financial accessibility and laws and regulations are the five key areas that the new housing policy will be focused on, she added.

Hence, a standard housing design will also be determined under the policy to ensure that there is a space of no less than 900 sq ft for affordable homes, she noted.

“At the moment, [the standard size] is only 750 sq ft. How can a family live comfortably? It will create a lot of social problems. So we need to invest now, otherwise we would need to spend more later,” she said.

The NHP 2.0 will also include the National Community Policy, which aims to inculcate good habits and mindfulness among the people, especially the lower income groups to be more empowered and responsible in taking care of their home and neighbourhood.

“Community empowerment is very important in this policy. We want the community to be responsible for their property and avoid vandalism. We want to make them understand that if you take care of your property well, the value of your property will definitely rise, thus giving you a good selling price if you sell the property,” she explained.

Jointly organised by UM’s department of estate management and the faculty of business and information science of UCSI University, the seminar themed “New Governance: Shaping The Real Estate Industry” has attracted close to 180 participants from a variety of backgrounds, such as undergraduates, academics as well as professionals in the real estate industry.

Also present at the seminar was Rahim & Co International Sdn Bhd executive chairman Tan Sri Abdul Rahim Abdul Rahman, Faculty of Built Environment dean Prof. Yahaya Ahmad, Malaysia Institute of Estate Agents (MIEA) deputy president Eric Lim and TRX City Sdn Bhd CEO Datuk Azmar Talib.

Source: EdgeProp.my

With the announcement made during the first ever annual Ikano Centres Tenant Engagement Event in Kuala Lumpur, the progress of IKEA store at Batu Kawan is now ahead of schedule and will open two weeks earlier – 14 March 2019.

IKEA Batu Kawan will offer well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. The showroom will feature dozens of inspirational room settings. A market hall area to provide everything from cookware to candles. A restaurant that will serve the store’s famous Swedish meatballs. A supervised children’s play area to give parents the time they need to shop with everything in the store available to be taken home the same day.

A proposed residential development by Lengkap Impresif Sdn. Bhd. at Batu Uban, Penang. Strategically located within a matured neighborhood along Jalan Sultan Azlan Shah, it is only 1km way from Penang Bridge, just a stone’s throw away from University Science Malaysia (USM). For those who are long enough in the property market, this is adjacent to The Curve Condominium which was proposed by the same developer 7 years ago.

Being on a small piece of land, this development will see the construction of a 31-storey building with only 90 condominium units and 7 levels of car parks.

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

Project Name: (to be confirmed)
Location : Batu Uban, Penang
Property Type : Condominium
Total Units: 90
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: Lengkap Impresif Sdn. Bhd.

Location Map:

Quattro Regency, a freehold landed residential development by Marvellous Land Sdn. Bhd. at Bukit Mertajam. Strategically located on a 4-acres land near Jalan Song Ban Kheng, designed with Quattro Lineage’s 4 elements that offer seamless integration of living spaces with innovative designs.

This development will feature 42 units of double storey semi-detached and bungalow houses.ach unit consists of 4 bedrooms and 3 bathrooms with built-up that range from 1,850 sq.ft. onwards.

Project Name : Quattro Regency
Location : Bukit Mertajam, Penang
Property Type : 2-storey semi-d & bungalow
Built-up Size: 1,850 sq.ft. – 2,500 sq.ft.
Total Units: 42
Land Tenure: Freehold
Indicative Price : RM850,000 onwards
Developer : Marvellous Land Sdn. Bhd.

Location Map:

Eco Meadows achieved another milestone last Saturday with the handing over of Phase 1, comprising 375 units of double storey terraced homes featuring classic architecture inspired by the stately English royal house.

“We are extremely excited and delighted to welcome our first residents to Eco Meadows, EcoWorld’s first project in Penang. We are also thrilled to showcase the environment and landscape of Eco Meadows as it is a testament of our promise to deliver unmatched product & service quality in all our developments,” said Dato’ Chang Khim Wah, President & CEO of Eco World Development Group Berhad (EcoWorld Malaysia).

The freehold 76.5-acre eco township in the scenic Simpang Ampat locale in Penang is EcoWorld Malaysia’s first township development in mainland Penang, Eco Meadows offers low-density fully strata gated and guarded homes with clubhouse facilities and 29 acres of commercial precincts.

The terraced homes in Phase 1 come in sizes of 20’x70’, 22’x70’ & 24’x70’ with built-ups ranging from 2,206 sq ft to 2,305 sq ft. Prices start from RM815,000.

Living up to its name, approximately 20% of Eco Meadows is dedicated to greenery with beautifully crafted walkways and pathways. Apart from that, there are well-planned community spaces which include various gardens such as the Parterre Garden, Tea Garden, Maze Garden, Romantic Garden, Chill Out Garden and the 8,000 sqft clubhouse – Meadows Townhall with facilities such as a swimming pool and gymnasium.

Eco Meadows is easily accessible via the North South Expressway and enjoys close proximity to Penang Bridge and Sultan Abdul Halim Muadzam Shah Bridge.

“We take pride in ensuring all our projects are masterfully planned and meticulously designed to ensure that our purchasers will always find happiness and joy in an EcoWorld development and all our efforts are paid off when we see the happy smiles of our purchasers who have finally received keys to their dream home. Our team of trained and dedicated staff are ever ready to ensure a smooth transition for the residents when they move in,” added Chang.

Chang was referring to the Group’s main customer service initiative – the EcoWorld Residence Club (EWRC) which is a one-stop service centre that provides Property Care Services & Common Area Support Services. EWRC was set up to provide home support services for all residences developed by EcoWorld and is entrusted with the responsibility of managing and maintaining all EcoWorld developments.

Some of the value-added services offered include pre-move in cleaning, professional movers, broadband application, paid TV application and gas delivery.

“We place great emphasis on the whole process of purchasing a property from EcoWorld. Experience is key, which is why we ensure that every customer is attended to with our warm EcoWorld hospitality from pre-sales to post sales,” Chang explained.

Residents and guests were treated to a lion dance with other activities to keep them entertained such as face painting, caricature, DIY workshops and a photobooth with a lucky draw to end the night.

Also part of the Eco Meadows development is Eco Bloom, the 4.86-acre freehold mixed development with a GDV of RM283 million comprising a single tower project with 490 residential units split into two wings, and exclusive 23 units of 2-storey shop lots situated below the residential tower. It is also the first high rise condominium within the corridor with an unobstructed city view.

The condominium comes in three sizes, with show units available for viewing. Selling price starts from RM405,000.

• Type A (802 sq ft – 2 bedrooms)
• Type B (901 sq ft – 3 bedrooms)
• Type C (1,101 sq ft – 3 bedrooms)

The condominium will include facilities such as a swimming pool, gym, jogging track, BBQ area, multi-purpose court, multi-purpose hall, children playground in addition to the convenience provided by the retail portion of the development.

Situated below the condominium are 23 units of 2-storey shop lots which comes in two sizes and layouts – Typical (22’ x 68’) and Corner (35’ x 68’).

To be a part of the Eco Meadows community, call +604 510 2255 or visit the EcoWorld Gallery @ Eco Meadows. #OnlyEcoWorld.