PETALING JAYA: Nadayu Properties Bhd, which has just completed its privatisation exercise, aims to launch five projects with a combined gross development value (GDV) of RM1.5bil this year.

Executive chairman Hamidon Abdullah said the company had lined up four projects in the Klang Valley and one in Penang to be launched in phases.

“It would be a busy year for us as we will also be focusing to redefine our products,” he told StarBiz after the company’s inaugural homebuyers’ site visit to its Nadayu28 Bandar Sunway on Saturday.

“The competition is getting tough, developers are chasing for buyers, hence that is why our emphasis for this year is to redefine our products as well as keeping a close relationship with our customers,” he said.

He said the site visit for house buyers was part of the company initiatives to understand its customers and to allow housebuyers to provide their feedback on the units constructed.

The niche property developer will be launching Nadayu62 and Nadayu63 in Melawati, Nadayu99 in Cyberjaya, Nadayu290 Bukit Gambir in Penang and the first phase of Areca Contempo Homes, Cyberjaya, this year.

The Areca Contempo Homes is developed by Nadayu’s sister company Areca Properties Sdn Bhd.

All the projects will have an equal mix of landed residential properties and high-rise units, comprising condominiums, serviced apartments and hotel, linked villas and small-office-home-offices (SoHos).

Hamidon said most of the properties weare expected to be priced between RM400,000 and RM600,000.

He noted that while there was a slight slowdown in demand due to various measures introduced by Bank Negara to curb lending to the property sector, the company’s take-up rate remained strong.

“We are a medium-sized developer, hence we are very focus in our delivery,” he said, adding that the company aimed to buy more land in the Klang Valley and Penang next year. It is currently in both of these markets.

“We plan to focus on all our projects lined up for this year; only then will we look to expand land bank,” he said.

Source: StarProperty.my

Sentrino, formerly known as Cosmo Residence, strategically located within the established township of Alma in Bukit Mertajam, Penang. This is a gated and guarded development  by WHH Land with 80 units of 3-storey semi-detached houses. Common facilities include a private clubhouse with swimming pool, community hall, children playground and an indoor gym.

Property Project : Sentrino (formerly Cosmo Residence)
Location : Alma, Bukit Mertajam, Penang
Property Type : 3-storey semi-detached
Land Area: 2,971 sq.ft. – 3,477 sq.ft.
Built-up Area: 3,980 sq.ft.
Total Units : 80
Land Tenure: Freehold
Indicative Price: RM 1,188,000 onwards
Developer : WHH Land

Location Map:

Actual photograph of Seri Tanjung Pinang Phase One including Straits Quay with illustration of Quayside Condominiums superimposed on it.

Eastern & Oriental Bhd’s subsidiary has received the conditional approval letter from the Department of Environment (DOE) for its proposed reclamation of Phase 2 of Seri Tanjung Pinang in Tanjung Tokong, Penang.

It said on Monday the approval letter given to Tanjung Pinang Development Sdn Bhd (TPD) was for the detailed environment impact assessment study and conceptual masterplan for the Phase 2.

E&O said in 1992, TPD was granted the exclusive right to reclaim and develop land in Tanjong Tokong and to date, the group has reclaimed and is continuing to develop Phase 1 of the project.

To recap, TPD had sought the Penang Government’s approval to reclaim the balance concession area.

In the latest development, the Jabatan Perancang Bandar dan Desa, Penang, informed TPD about the state’s in-principle approval to the masterplan for the proposed project.

E&O said many steps remained to be taken and approvals to be obtained before reclamation can start, not least of all a satisfactory environmental impact assessment study.

The conditional approval was applicable only to the proposed reclamation of 760 acres (307.60 hectares) of man-made islands and 131 acres (53 hectares) of the Gurney Drive foreshore, and dredging activities at the “flushing channel”.

The detailed environment impact assessment’s conditional approval was valid for two years from the date of issuance.

Souce: StarProperty.my

THE PROJECT

Developer E.W. & Associates Sdn. Bhd., having successfully completed some 1,200 units of affordable residential units at Taman Seri Delima launch yet another affordable housing project. This latest launch consists 198 of condominium units – Condo Delima Emas – covering 2 tower blocks that is annexed to a seperate car park building. All condo units have a minium of 3 bedrooms with layout ranging from 1,170 sq.ft. to 1,640 sq.ft. Meeting the needs of defferent households, there are 4 seperate designs and layout starting from basic – practical and purposeful to cater for young working families – to more elaborate – for comfort living by middle income households.

Located in the mid way between the Penang Bridges, Taman Seri Delima is easily accessible to the 1st and 2nd Penang bridge. (11.5km to 1st bridge and 12.3km to the 2nd bridge). Taman Seri Delima has easy accessbility to schools, shopping and medical centres.

LOCATION AND SURROUNDING

Located strategically adjacent to the north- south highway close to the Juru Toll Plaza and the vicinity of auto city commercial cum residential centre, Taman Seri Delima has increasingly become a popular a well- planned commercial and residential area for rapidly rising income households. The development of Taman Seri Delima started some 10 years ago and now houses some 8 blocks of high rise residential buildings consisting of a total of 1200 units. It has a rapid growing commercial centre consisting of 112 of two and three storey shop offices that cater to the needs of the residents of Taman Seri Delima and the surrounding areas.

The opening of the 2nd Penang Bridge is likely to see a greater the flow of factories into the surrounding of the Juru-Batu Kawan areas to take the advantage of lower operational costs. Thus the demand for affordable homes in this vicinity is expected to increase rapidly. Taman Seri Delima being one of the more established residential and commercial centres is likely to see a further enhancement of its popularity as a convenient and affordable area for middle income households.

DEVELOPMENT AND COMPLETION

The Developer has already commenced the development and sales of units to potential buyers to avoid the increase in price to buyers arising from the introduction of GST in 2015. Expected date of completion within 30 months of Sales and Purchase Agreement.

Project Details

Location : Juru, Penang
Property Type : Apartment/Condominium
Total Units : 198
Built-up Area: 1,090 sq.ft. – 1,604 sq.ft.
Land Tenure: Freehold
Maintenance Fees: RM0.19 psf.
Indicative Price: RM350,000 onwards
Developer: E.W. & Associates Sdn. Bhd.
Contact No: 019-568 5551 (Sam)

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Eco Terraces, a gated and guarded development by EcoWorld in Paya Terubong, Penang. Located on a 12.79 acres landscaped ground, with only 30% of the land used for development. It comprises 333 condominium units with sizes ranging from 1,095 sq.ft. – 2,008 sq.ft.

Eco Terraces’ clubhouse boasts comprehensive services including wellness, childcare and concierge. The clubhouse has a care hub that offers 24/7 nurse-on-call service and monthly doctor consultation for the residents.

There is also a multi-purpose sports hall, karaoke rooms, mini theatre and golf simulation room.

All units will be furnished with the following:

• Kitchen cabinets with top & bottom for all units
• Hood, hod & oven for all kitchens
• Air-cond units to all living and bedrooms
• Mirror & vanity top with cabinet for each bathroom
• Shower screen for master bathroom
• Water heater with storage tank for all bathrooms
• Wardrobes-fully fitted carcass with sliding doors for each bedroom
• Digital lockset at main door for all units
• Metal grille door for all units

Property Project : Eco Terraces
Location : Paya Terubong, Penang
Property Type : Condominium
No. of Storey: 33
Total Units: 333
Built-up Area: 1,095 sq.ft. – 2,008 sq.ft.
Tenure : Freehold
Indicative Price: RM900,000 onwards / ~RM850 psf
Developer : Eco World Development

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