Inovatif

Category: Property

  • City Motors Group’s Alfa Bangsar Wins Prestigious Best Eco Friendly High-Rise Development at Asia Property Awards 2024

    City Motors Group’s Alfa Bangsar Wins Prestigious Best Eco Friendly High-Rise Development at Asia Property Awards 2024

    Kuala Lumpur, 25th October 2024 – Alfa Bangsar, the visionary mixed-use development by City Motors Group, has been awarded the Best Eco Friendly High-Rise Development at the 2024 PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my held at the esteemed St. Regis Kuala Lumpur, the awards celebrated excellence in real estate, with Alfa Bangsar emerging as a standout for its commitment to sustainability and modern living solutions.

    Located in the heart of Bangsar, Kuala Lumpur, Alfa Bangsar integrates luxury serviced apartments, retail outlets, and a 4-star Holiday Inn Hotel into a freehold property that redefines urban living. Designed with eco-conscious residents in mind, the project highlights sustainability while delivering unparalleled convenience and lifestyle benefits.

    Key highlights of Alfa Bangsar’s award-winning features include:

    • Prime Location & Accessibility: Situated just 700 meters from the Bangsar LRT station, the development offers easy access to public transportation, reducing residents’ reliance on private vehicles.
    • Sustainability at the Core: With ample green spaces, energy-efficient layouts that harness natural light, and electric vehicle (EV) charging stations, Alfa Bangsar leads the way in promoting environmentally friendly living.
    • Innovative Multi-Rack Parking System: A space-optimized parking solution designed to enhance convenience for residents while maintaining efficient land use.
    • Sustainable Construction Practices: Leveraging cutting-edge construction methods that reduce building time without compromising on quality.
    • Flexible Work-Life Balance: The minimalist unit designs offer flexible home office setups, catering to the growing demand for hybrid workspaces.

      “We are incredibly proud to receive this recognition at the 2024 PropertyGuru Asia Awards Malaysia,” said Terence Chia, CEO of City Motors Group. “Alfa Bangsar represents our vision for a sustainable future, combining luxury with eco-friendly living. This award is a testament to our commitment to creating innovative, high-quality developments that meet the evolving needs of today’s urban residents.”

      In addition to this remarkable win, Alfa Bangsar has also qualified to participate in the PropertyGuru Asia Awards Grand Final 2024 in Bangkok this December, where it will compete in the Best Eco-Friendly Condo Development (Asia) category, bringing its sustainable approach to a regional stage.

      Alfa Bangsar’s success comes just as the development nears completion, with over 99% of units sold before handover. The project’s heritage-rich site, once home to an Alfa Romeo showroom, pays homage to the chairman’s legacy as the world’s top Alfa Romeo dealer—known as the “Alfa King.” Alfa Bangsar is poised to welcome its residents soon, offering a blend of luxury, sustainability, and modern amenities.

      To discover more about Alfa Bangsar, interested parties can visit our website www.alfabangsar.com, or call +60 11-1081 0782 to schedule an appointment to view the sales gallery and show unit.


      For media inquiries and further information, please contact:

      Lucille Joyce Dayan

      +60122300587

      Lucille.joyce@citygroup.com.my

  • S2 HEIGHTS AMAN WELCOMES BATIQ

    S2 HEIGHTS AMAN WELCOMES BATIQ

    As an exclusive offering for those seeking a home that promises an unparalleled sense of belonging and living experience, IJM Land is delighted to announce the much-anticipated launch of Batiq @ S2 Heights Aman. This distinguished residential development, within the fourth and final precinct of the esteemed S2 Heights development, is conceptualised as a tranquil green haven that epitomises elegance, sophistication and refined living.

    Nestled within an idyllic living environment, Batiq offers a peaceful retreat from the hustle and bustle of urban life, enabling homeowners to unwind and rejuvenate. Spanning an expansive 400 acres, S2 Heights Aman boasts a Gross Development Value (GDV) of RM1,585,050,000. Of this, 43 acres are dedicated to cultivating lush green spaces against the scenic backdrop of the Banjaran Titiwangsa mountain range.

    Of which, 20 acres will be dedicated to Batiq with a GDV of RM173 million, which comprises 177 units of Lakeside 2-Storey Superlink Homes with a Semi-D concept, starting at an attractive price point of RM878,800. These homes offer all the modern comforts we are accustomed to, complemented by the serene beauty of the surrounding environment.

    Tradition and Innovation   

    Inspired by the intricate and vibrant art of applying batik to fabric, Batiq @ S2 Heights Aman stands as a vivid tapestry of cultural heritage and resolutely contemporary design. This latest gemstone within the esteemed S2 Heights development reimagines optimised residential living by seamlessly integrating traditional artistry with eco-friendly innovations, offering a distinctively rejuvenating and enriching lifestyle.

    At the core of this design is a celebration of batik’s rich textures and cohesive patterns, creating a living environment that is both visually captivating and respectful of cultural traditions. Spanning 4.33 acres, utilising 21.65% of the entire development dedicated to green space, the project underscores a commitment to ensuring that every element contributes to the well-being of its residents. Homeowners will find themselves in a lively community that also offers all the conveniences of city living at their doorstep.

    “Batiq enjoys a prime location adjacent to the 12-acre S2 Lake Park, the 3-acre Kidz Venture Park, and a Pet-Friendly Zone,” said Datuk Chai Kian Soon, Senior General Manager of IJM Land. 

    “Here, residents have easy access to key recreational areas, providing immediate enjoyment of their surrounding green spaces and family-friendly amenities. The planned 12km of interconnected walkways, cycling paths, and jogging trails enhance the lifestyle experience with varied outdoor activities. The serene setting of S2 Heights Aman, coupled with thoughtfully designed homes and abundant green spaces, ensures a holistic quality of life. ”

    Elevating Living

    Perched on elevated ground, Batiq offers breathtaking views and features a generous 40′-50′ road frontage. It provides an impressive entrance with grand landscaping that enhances the overall aesthetic appeal.

    Phase 1 introduces 82 units of Lakeside 2-storey Superlink Homes, with a Gross Development Value (GDV) of RM 80 million. These homes are available in both intermediate and corner lots, each with dimensions of 28′ x 60′. Unlike typical link homes, which are usually 20 to 24 feet wide, these 28′ Batiq homes offer a distinctly premium experience. The additional width allows for larger living spaces and a more open layout, enhancing the overall sense of liveability and comfort within the interior. 

    Similarly, the Intermediate Lots provide a spacious built-up area of 2,113 square feet, while the Corner Lots are a generous 2,183 square feet in size. Every residence features 4 bedrooms and 4 bathrooms, making them a distinctive choice for those seeking both space and elegance.

    The architectural facade of Batiq epitomises sophistication with industrial wall tones and earth-toned brickworks that’s homely and charming. Interiors are enhanced with premium Feruni porcelain and timber-patterned tiles, along with high ceilings and powder-coated aluminium frames. Likewise, tinted windows and tempered glass railings at the balconies contribute to the airy perception of the interior. In the bedrooms, each bathroom is also thoughtfully designed with an en suite for added convenience and privacy.

    Modern amenities further enhance the living experience at Batiq, with smart home systems, digital door locks, and EV isolator point seamlessly integrating convenience and luxury into everyday life. This thoughtful approach ensures that every moment of living at Batiq is a celebration of community, comfort, and sustainability.

    Connected Sanctuary

    Batiq epitomises an interconnected community, where every detail is thoughtfully designed to ensure that each residence features a 10’ private garden, offering a personal retreat for relaxation, recreation, and creative outdoor pursuits. The surrounding landscape harmoniously incorporates native plants, trees, and natural materials, fostering biodiversity and creating a peaceful environment. With perimeter fencing and a single, secure access point, residents have peace of mind as they navigate the three distinct parks that blend leisure and nature in truly unique ways.

    The largest 2.35-acre community park is a vibrant oasis. It features a 1.4km jogging track that winds through lush greenery, a calming forest walk, and a charming orchard garden. The park also includes a well-equipped playground, a basketball court, and an urban farming area, providing diverse recreational options for all ages.

    The 0.58-acre central park offers meticulously landscaped spaces, ideal for relaxing strolls and social gatherings. Meanwhile, the modest 0.8-acre pocket park presents a more intimate setting for peaceful reflection. As a safety precaution, all parks and playgrounds are illuminated with eco-friendly LED and solar-powered lighting for visibility during the night which also underscores Batiq’s commitment to sustainable living.

    Accessibility and Local Convenience

    Residents of Batiq and the greater S2 Heights Aman township benefit from easy access to major highways, including the PLUS, ELITE, and LEKAS, which swiftly link them to KL, Selangor, Putrajaya, Cyberjaya, Malacca, and a toll-free route to KLIA and KLIA2. 

    The township’s strategic location ensures proximity to a variety of essential services. Financial institutions, a government precinct, reputable schools, and top-tier healthcare facilities such as KPJ Hospital and Columbia Asia Hospital are all within reach. Residents can easily access daily essentials and shopping needs with commercial hubs like AEON Mall, Mydin Mall, Lotus’s, NSK Trade City, Seremban Gateway and Palm Mall nearby. The Ainsdale toll, just a 5-minute drive away, and the Tiro KTM station ease commuting and travel.

    Datuk Chai Kian Soon, Senior General Manager of IJM Land, stated, “Batiq stands out as a residential enclave for serene living and modern convenience. The forthcoming expansion of Labu Road from 2 to 4 lanes will greatly improve traffic flow, making daily commutes even more seamless and reinforcing S2 Heights Aman’s position as a premier residential choice. This development offers effortless access to green spaces and essential amenities, ensuring long-term value for residents and investors alike.

    Looking ahead to 2025, we are excited to unveil our first integrated waterfront development in Seremban. This groundbreaking project promises to transform the landscape of Seremban 2, creating a dynamic and vibrant community hub that harmoniously integrates modern amenities with the serene beauty of waterfront living. Our vision is to set a new standard for modern living, combining cutting-edge design with unparalleled convenience and green spaces.”

    For more information, log on to https://seremban2.ijmland.com/Batiq

  • OIB and Selangor Government Further Affordable Housing Efforts with Putra Idaman

    OIB and Selangor Government Further Affordable Housing Efforts with Putra Idaman

    Cyberjaya, September 28 – Oriental Interest Berhad (OIB) Group, in collaboration with
    Permodalan Negeri Selangor Berhad (PNSB), through its subsidiary, PNSB Construction
    Sdn Bhd (PCSB) today unveiled Putra Idaman, a new affordable housing project that aims to
    support urban growth in Selangor.

    The project under the Rumah Idaman programme, was officially launched by Selangor Chief
    Minister, YAB Dato’ Seri Amirudin Shari, in concurrence with a symbolic groundbreaking
    ceremony for Saujana Idaman, another Rumah Idaman project by OIB, which will be
    launched in the near future.

    Rumah Idaman is a successful Selangor-government initiative to address the rising demand
    for quality, affordable homes in strategically located urban centers. The initiative offers units
    tailored for B40 and M40 Malaysians, particularly first-time homebuyers and small families
    seeking a foothold in the property market.

    Located in Desa Pinggiran Putra, Putra Idaman spans 6.7 acres and has a gross
    development value (GDV) of RM125.5 million. Targeted for completion in 2028, Putra
    Idaman will feature two apartment blocks, offering a total of 502 semi-furnished units. Each
    unit is priced at RM250,000 and is designed specifically for low to middle-income families.

    During the launch, Dato’Seri Amirudin expressed his appreciation for OIB and PNSB’s
    dedication to delivering comfortable, quality homes with essential amenities, aimed at
    enhancing the well-being of Selangor’s residents.

    He further remarked, “I am confident that the success of projects like Putra Idaman, Saujana
    Idaman, and other Rumah Idaman MBI developments, which offer affordable prices and
    location with good accessibilities, will greatly improve the quality of life for Selangor’s
    residents. These initiatives also present an appealing opportunity for our youth to become
    first-time homeowners”

    Executive Director and CEO of OIB, Low Kok Shen emphasised that the project is testament
    to OIB’s commitment to elevate homeownership opportunities for individuals and families
    from all walks of life.

    “OIB currently has over RM1 billion of affordable housing properties in the pipeline under
    schemes such as Rumah Idaman and Rumah Selangorku with Putra Idaman being the first
    of many projects under the Rumah Idaman initiative.

    “We believe affordable housing in Malaysia is not just an economic issue, it’s a societal
    imperative. Property developers have a vital role to play in shaping a future where
    homeownership is accessible to all.

    Low added that affordable housing projects like Putra Idaman and Saujana Idaman are vital
    to support the inclusivity and sustainability in the growing townships of Putrajaya, Cyberjaya,
    and Dengkil, which have shown population growth rates almost three times the national
    average according to Malaysia’s 2020 population census.

    Designed to meet the needs of modern lifestyles, each 1,002 sq. ft. unit features three
    bedrooms and two bathrooms; furnished with wardrobes, air-conditioners, water heaters,
    television with cabinet, kitchen cabinets, and a refrigerator. Each unit also comes with two
    parking spaces, adding another layer of convenience for homeowners.

    Putra Idaman is set in a gated and guarded community, making it an attractive choice for
    those seeking a safe and well-planned living environment within a rapidly growing
    neighbourhood. Putra Idaman is easily accessible via a network of highways such as the
    MEX Highway, ELITE Highway and the South Klang Valley Expressway (SKVE), and the
    MRT Putrajaya line.

    Low added: “Affordable housing is fundamental to building a thriving and equitable society. It
    offers individuals, families, and first-time homebuyers the stability and security needed to
    create a better future. We believe that Putra Idaman will provide more than just shelter – it
    will contribute to social advancement and strengthen the nation’s economic resilience.”

    Chief Executive Officer of PNSB, YM Raja Ahmad Shahrir Iskandar bin Raja Salim
    remarked, “The launch of Rumah Idaman Putra Idaman is the second project launch for
    2024 as scheduled by PNSB. The Rumah Idaman Putra Idaman and Saujana Idaman
    projects are two joint venture projects with OIB, with an estimated total of 1,360 units out of
    the 5,783 units planned for the Rumah Idaman development in the Sepang district. This
    development will undoubtedly add value to Mukim Dengkil.”

    “We are very honoured to collaborate with OIB on this affordable housing project. This
    partnership not only aligns with PNSB’s commitment to in increasing public housing access
    but also demonstrates our dedication to deliver quality housing and value to the community.
    Through this collaboration, it has made a significant impact in providing affordable and high-
    quality homes for everyone.”

  • NCT Alliance Berhad to acquire 51% stake in Setara Juara Sdn Bhd for landmark property development project in Sabah

    NCT Alliance Berhad to acquire 51% stake in Setara Juara Sdn Bhd for landmark property development project in Sabah

    Puchong, September 20 2024 – NCT Alliance Berhad (‘NCT”) has inked a
    Memorandum of Understanding (MoU) with the existing shareholders of Setara
    Juara Sdn Bhd (“SJSB”) to acquire a 51% equity interest in SJSB. The proposed
    acquisition aligns with the Company’s strategic plan to expand its property
    development business particularly in Sabah.

    Setara Juara Sdn Bhd, a private limited company incorporated in Malaysia, holds the
    development rights for approximately 249.67 acres of land strategically located in
    Dumpil Bay, in the Putatan district of Sabah. Situated along the Kota Kinabalu –
    Putatan – Lok Kawi Pan Borneo Highway, the project site is located approximately
    15 minutes (13 kilometers) from Kota Kinabalu City Centre, 10 minutes
    (6kilometers) from Kota Kinabalu International Airport and 5 minutes (1 kilometer) from
    Putatan Town Centre.

    The land is earmarked for a mixed-development project, with an estimated gross
    development value (GDV) of approximately RM3 billion. The project is expected to
    attract a diverse range of residents and businesses, contributing to the economic
    growth.

    In addition, the project will stand to benefit from the recent launch of Sabah-Malaysia
    My Second Home Programme (“Sabah-MM2H”). The Sabah-MM2H will bolster
    foreigners’ demand for high-rise properties and spur the property market in Sabah.

    Herman Lee Show Kien and Melvin Lee Ying, the current shareholders and directors
    of Setara Juara Sdn Bhd, will continue to play an integral role as key partners in this
    development. Herman and Melvin are both civil and structural engineers by
    profession. Herman has been practicing as a Civil and Structural Consultant in his
    own firm for 46 years since 1978.

    Dato Sri Yap Ngan Choy, NCT Alliance’s Executive Chairman and Group Managing
    Director, stated, "This MoU is a key component of our Group’s long-term growth
    strategy for Sabah, Malaysia’s second-largest state with a population of 3.6 million.
    Sabah boasts the country’s second-busiest airport, making it an appealing
    destination for tourists drawn to its natural beauty and a significant hub for
    investment. This agreement marks an important step for the NCT Group as we
    expand our presence in Sabah, this time by collaborating closely with our new
    partners who possess proven expertise in property development in the Sabah State.”

    Mr Herman Lee, SJSB’s Director and major shareholder, stated, “There are
    insufficient landed residential property developments, especially single-storey terrace
    housing projects in Kota Kinabalu due to the high land costs. Presently, most
    developers prefer to develop high-rise condominiums. Our project is unique in the
    sense that we aim to cater to the local market needs. Terrace houses are in good
    demand in Kota Kinabalu and welcome by the local banks for end-financing to the
    purchasers.”

    The signing of this MoU represents an important step forward for NCT in its mission
    to create and expand innovative and sustainable living spaces in key locations
    across Malaysia. The project in Dumpil Bay is poised to meet the growing demands
    of Sabah property market, offering diverse options for residents and businesses
    while enhancing the overall quality of life in the region.

    This strategic collaboration highlights NCT’s dedication to growth and its focus on
    delivering high-value developments that benefit communities and stakeholders.

    About NCT Alliance Berhad
    Listed on the Main Market of Bursa Malaysia, NCT Alliance Berhad is involved in the development of
    residential properties, tourism centric investment properties, and industrial properties. The Company
    was first incorporated in 2004 as an Information Technology service provider, before venturing into the
    property development sector in mid-2013. NCT Alliance’s focus shifted solely to property development
    with the takeover by YBG Yap Consolidated Sdn Bhd in 2019. Executive Chairman and Group
    Managing Director, Dato’ Sri Yap Ngan Choy, brings with him over 40 years of experience in the
    property industry. With his leadership, the Company is poised to make bigger and bolder moves in the
    property industry.

    For more information, please visit our website at www.nctalliance.com.

  • Chin Hin Group Property Announces Landmark Joint Development in Johor Bahru with Atlan Holdings Berhad

    Chin Hin Group Property Announces Landmark Joint Development in Johor Bahru with Atlan Holdings Berhad

    Chin Hin Group Property Berhad (CHGP) is pleased to announce that its wholly-owned subsidiary, Chin Hin Property (Stulang) Sdn Bhd (CHPSSB), has entered into a joint development agreement (JDA) with Atlan Holdings Berhad, through its indirect subsidiary Kelana Megah Sdn Bhd (KMSB). This strategic collaboration will lead to the development of a landmark mixed-use project in Johor Bahru, further expanding CHGP’s presence in this key growth area.

    The development will take place on a 4.29-acre (approximately 17,342 square meters) parcel of leasehold land in Johor Bahru, Johor. With an estimated gross
    development value (GDV) of RM478.42 million, the development will comprise two blocks of serviced apartments featuring 1,260 residential units, 10 retail lots, and multi-storey car parks.

    A Vision for the Future of Johor Bahru
    This development embodies a strategic partnership between CHPSSB and KMSB, aimed at crafting modern and dynamic urban spaces that address the evolving demands of Johor Bahru’s residents. By integrating innovative design with functional living, this project will set a new standard for urban development in the region.

    “This joint venture with Kelana Megah Sdn Bhd is a significant step in our mission to deliver high-quality developments in key locations. Johor Bahru stands out as an important area for our growth, and this project is a landmark achievement as we introduce premium lifestyle residential and retail spaces to the region,” said Mr. Chiau Haw Choon, Group Managing Director of CHGP.

    Strategic Partnership with Atlan Holdings Berhad
    Atlan Holdings Berhad, through its indirect subsidiary Kelana Megah Sdn Bhd, brings its extensive property development expertise to this collaboration. Under the JDA, Atlan Holdings Berhad will be entitled to 18% of the total net saleable area (NSA) of the project, reinforcing the mutually beneficial nature of this partnership.

    About Chin Hin Group Property Berhad
    Chin Hin Group Property Berhad (CHGP), a subsidiary under Chin Hin Group Berhad (CHG), operates as a pivotal entity within the building conglomerate. CHG
    offers comprehensive end-to-end solutions encompassing upstream building materials manufacturing and construction engineering to downstream property
    development and home & living solutions.

    With a rich legacy of excellence, CHGP has firmly established itself as a distinguished player in the property development industry. At CHGP we believe
    everyone deserves to experience exceptional living. We pride ourselves on providing high-quality yet affordably priced housing solutions. Our dedicated management is committed to making quality living spaces accessible to a wide range of individuals without compromising on the standards of excellence we are known for.

    Operating primarily in the vibrant locales of Klang Valley, Penang and Melaka, our portfolio boasts a series of successfully launched and completed ventures, notably including Ayanna Resorts Residence at Bukit Jalil, Avantro Residences at Bandar Kinrara, Quaver Residence at Sungai Besi, Solarvest Suites at Bangsar South, Dawn KLCC, Crown Penang, 8th & Stellar at Sri Petaling, Aera Residence at Petaling Jaya, G Residence at Kuala Lumpur, and Novum at Bangsar South. These projects are a testament to our commitment to crafting diverse and exceptional living spaces.

    About Kelana Megah Sdn Bhd
    Kelana Megah Sdn Bhd is a wholly owned subsidiary of Orchard Boulevard Sdn Bhd, which is an indirect subsidiary of Atlan Holdings Berhad. Established in 1988 as Atlan Holdings Sdn Bhd, Atlan was listed on Bursa Malaysia’s Second Board in 1996 and moved to the Main Market in 2009. Atlan focuses on investment holding and providing management, financial, and technical services, while its subsidiaries operate in property investment, hospitality, auto-components manufacturing, and duty-free merchandise trading.

  • CPI Land Launches Residential Development In The Heart Of Kuala Lumpur

    CPI Land Launches Residential Development In The Heart Of Kuala Lumpur

    Kuala Lumpur, Malaysia, 10 September 2024  – Award- winning CPI Land announced the much-awaited official launch of Tuan Heritag3, the latest development in the distinguished Tuan Series. 

    The launch event took place at the Tuan Heritag3 Sales Gallery, ushering in a fresh chapter of urban living, where heritage meets modern elegance. Strategically located in Segambut, Tuan Heritag3 pays tribute to retro glamour while incorporating timeless beauty and sophisticated design, within a Transit-Oriented Development (TOD) area, providing residents with unparalleled access to public transportation and city amenities.

    The launch itself was a grand celebration attended by a large crowd of business associates and prospective homeowners. The event unfolded with an array of activities, including a lion dance performance and a Feng Shui Talk by Dato Anthony Cheng from Meta Group. 

    CPI Land Chairman, Chung Shan Tat said, “CPI Land is committed to constantly reviewing, adapting, and innovating to meet consumer needs, especially in creating homes that resonate with personal tastes and high expectations. Tuan Heritag3 exemplifies this commitment, offering an elevated living experience that balances heritage and modernity. Tuan Heritag3 is not just a residence; it is a celebration of architectural heritage, thoughtful design, and modern convenience, setting a new benchmark in urban living.”

    “In line with the latest market trends, target audience expectations, and industry developments, Tuan Heritag3 brings a fresh and updated concept to urban living. We are excited with this development as it is not just about creating homes but about crafting experiences that resonate with our residents, both now and in the years to come.”

    Understanding the needs of contemporary living and equipped with family-centric amenities, such as dedicated parcel and food drop areas, comprehensive recreational facilities, the spaces were designed to enhance the quality of life for residents. Tuan Heritag3 also provides EV charging bays, free Wi-Fi service in co-working spaces, and a shuttle service to the nearest MRT station and shopping areas. These features cater to the dynamic lifestyle of today’s residents, providing comfort, convenience, and connectivity. With a build-up of 820sq ft to 1026sq ft, all units are semi furnished with 3 bedrooms and 2 bathrooms, with the selling price starting at RM 511 400.

    About CPI Land

    CPI Land is a leading property developer dedicated to creating exceptional residential projects that redefine urban living. With a strong commitment to quality, innovation, and customer satisfaction, CPI Land aims to enhance the way people live, work, and play through its developments. Known for their attention to detail and meticulous craftsmanship, CPI Land continues to shape the landscape of the real estate industry by delivering extraordinary projects that inspire and elevate lifestyles.

    For more information, please visit www.cpiland.com

  • E&O GROUP UNVEILS THE LUME

    On 8 August 2024, E&O Group announced the launch of The Lume, its latest luxury development on Andaman Island, Penang. This new project, situated in the prestigious Shoreline district, sets a new benchmark for eco-conscious living, offering 261 exclusive residences designed to harmonise sophisticated architecture with the natural beauty of the island.

    “The Lume embodies the art of sophisticated living, with each exclusive residence crafted to ensure privacy whilst fostering a sense of community. This makes The Lume an ideal choice for those seeking a balanced work-life-play environment,” said Kok Tuck Cheong, Managing Director at E&O.

    A unique feature of The Lume’s is its pavilion-in-the-sky design where living and dining spaces that seamlessly extend outward, offering residents breathtaking 180-degree views of the island and filling the interiors with natural light and optimal airflow.

    Private spaces are thoughtfully positioned, with bedrooms within the main structure arrayed in a linear configuration, with strategically placed fins to maximise outward views while ensuring privacy.

    The Lume caters to a diverse market of empty nesters, young families, and professionals seeking a second home. Each floor features just six apartments, with prices starting at RM 2.2 million and sizes ranging from 1,722 sq ft to 2,874 sq ft.

    Kok added that The Lume is committed to integrating nature into everyday living, featuring lush tropical gardens and terraced landscaping framed against sweeping sea views.

    The Lume offers amenities such as landscaped pools, lounges, and BBQ spaces, fostering opportunities for social interaction. With dedicated areas for children, including playgrounds and a wading pool, the development caters to families while also accommodating pet-friendly spaces for furry companions.

    The Lume also has dedicated co-working spaces, meeting rooms, and function areas that facilitate the integration of professional and personal life. By aligning with the growing work-from-home trend, residents can now enjoy access to modern conveniences without sacrificing their well-being.

    “The landscape architecture of The Lume is meticulously conceived to offer a profound experience of tranquil serenity,” explained Kok.

    Andaman Island, awarded GreenRE Platinum certification, is a pioneering development in Malaysia, designed on four pillars—connectivity, sustainability, community, and quality of life. The first phase of this project comprises 253-acres, and is divided into three distinct segments: Shoreline, Gurney Green, and Canalside. Each district will offer a distinct place experience, guided by a masterplan that embraces the urbanism concept of a 15-minute city, supporting pedestrian-friendly neighbourhoods with easy access to essential amenities and green spaces.

    The Shoreline district encapsulates eco-conscious and sustainable living with The Lume conferred GreenRE Platinum certification to reflect how the development integrates environmentally responsible practices to minimise its carbon footprint while providing ample communal spaces for socialising and wellness activities.

    Benefiting from the island’s strategic location near rising economic zones, residents of Andaman Island will also enjoy direct access to two bridges linked to Penang Island.

    “This development establishes a new benchmark for future living spaces on Andaman Island, where innovation, well-being, and harmonious living are intertwined, reflecting our enduring commitment to meet and exceed the evolving aspirations of our residents”, he said.

    Kok added that with the launch of The Lume, the E&O Group continues its legacy of crafting elegant homes that anticipate the future needs and lifestyle aspirations of the growing Andaman Island community. The Lume’s launch follows the highly successful launches of E&O’s The Meg and Arica on Andaman Island.

    For those seeking to make The Lume their next home, bookings are now open. Learn more by reaching out to E&O at 0134088999 or by visiting their website at https://easternandoriental.com/thelume

  • From Skyscrapers to Serenity: Malaysia’s Housing Harmony

    In the bustling orchestra of Malaysian life, a fascinating melody is playing out – the shift from urban crescendos to suburban lullabies. Statistics, like nimble percussionists, highlight the rhythm of this change. As of 2021, over 77% of Malaysians resided in urban areas, their lives humming with the energy of Kuala Lumpur, Penang, and Johor Bahru. But the pandemic, a disruptive cymbal crash, disrupted the score. PropertyGuru’s 2023 study, like a knowing bassline, revealed a counterpoint – a 57% surge in searches for properties beyond the concrete canyons, driven by families yearning for leafy backyards and children chasing butterflies. This wasn’t just a solo act; Knight Frank Malaysia’s research chimed in, showing a 12% year-on-year increase in landed property demand, particularly in Klang Valley’s verdant pockets like Shah Alam, Cyberjaya, and Petaling Jaya.

    The suburbs, once relegated to the background chorus, emerged as the lead vocalist. Houses with sprawling gardens, like soaring violins, offered symphonies of rustling leaves and barbecues under starlit skies. A 2023 Department of Statistics Malaysia report echoed this melody, revealing that 54% of Malaysians now prioritize spacious living, a stark contrast to the 38% who craved central locations just a decade ago. Green certifications and sustainable living options, akin to harmonious woodwinds, painted these suburban havens with environmental consciousness.

    For those already ensconced in the suburbs, facing the daily traffic’s discordant chorus, technology became the conductor, orchestrating a change of tempo. Flexible work schedules, like gentle oboes, replaced the rigid 9-to-5, and local co-working spaces, buzzing with the energy of collaboration, offered escape from the daily commute. Carpools, a grassroots ensemble, filled the air with cheerful chatter and reduced the carbon footprint. And for those seeking community, the suburbs resonated with a vibrant choir. Farmers’ markets, bursting with the colours of vegetables and the chatter of neighbours, became social hubs, while book clubs and shared walks transformed into harmonious quartets.

    Klang Valley, a microcosm of this evolving symphony, offered several captivating movements. Seri Kembangan, a verdant serenade of parks and family-friendly neighbourhoods, sheltered over 130,000 residents, 72% of whom owned their homes, according to a 2022 census. Cyberjaya, a haven for tech-savvy souls, hummed with the energy of 110,000 inhabitants, 65% of whom were young professionals drawn to its modern infrastructure and co-working spaces. Damansara Utama, a blend of urban chic and suburban charm, provided a harmonious counterpoint with its 180,000 residents, 80% of whom enjoyed the convenience of upscale amenities amidst leafy serenity.

    Ultimately, the urban[1]suburban tango in Malaysia isn’t a competition, but a duet between personal aspirations and statistical trends. Whether you crave the city’s electrifying tempo or the suburbs’ gentle ballad, remember, your Malaysian dream can be painted in concrete castles or whispered amidst rustling leaves. Embrace the evolving melody, find your personal harmony, and dance to the beat of your own joyful heart.

    These statistics, like cymbals punctuating the story, add rhythm and depth, painting a more vivid picture of Malaysia’s evolving living landscape. As the story unfolds, remember, the numbers aren’t just cold facts, but whispers reflecting the hopes, dreams, and priorities of Malaysians as they navigate the symphony of urban and suburban life.

     

    Urban vs. Suburban Living in Malaysia: A Sidekick of Facts

    Urban Buzz:

    Density Delight: With 77% of Malaysians calling cities home, urban life is all about proximity. Bustling streets, vibrant nightlife, and diverse communities are just steps away.

    Career Crescendo: Cities are magnets for jobs, offering higher salaries and a wider range of industries. Aspiring professionals and career climbers often find their rhythm in the urban jungle.

    Cultural Conundrum: From art galleries and museums to street food stalls and ethnic enclaves, cities are melting pots of culture, stimulating the senses and offering endless exploration.

    Concrete Crunch: Housing costs, traffic congestion, and pollution can dampen the urban dream. Finding green spaces can be a challenge, and the constant hustle can be overwhelming.

    Suburban Serenade:

    Space Symphony: Spacious houses with backyards, private gardens, and a slower pace of life offer families and nature lovers a harmonious melody.

    Community Chorus: Strong bonds often develop in suburbs, where neighbours become friends and shared activities like farmers’ markets and book clubs foster a sense of belonging.

    Financial Forte: Housing costs tend to be lower in the suburbs, offering more bang for your buck. Additionally, lower crime rates and a slower pace can lead to cost savings on things like childcare and entertainment.

    Commute Cacophony: Getting to work from the suburbs can involve traffic jams and public transportation woes, disrupting the suburban lullaby. Access to amenities and entertainment might be limited compared to bustling city centres.

  • How Is The Malaysian Property Industry Doing Post-Covid?

    How Is The Malaysian Property Industry Doing Post-Covid?

    There are signs of recovery in the Malaysian property sector. And the fact that the Overnight Policy Rate (OPR) is set to increase again later this year to the same level as pre-Covid, we should see a sense of normalcy returning soon.

    Smart Investor got in touch with Joanna Ling, CEO of PE Holdings, to find out more about the property industry.

    Joanna Ling, CEO of PE Holdings
    Smart Investor: Post-Covid, what are the challenges being faced by property developers?

    Joanna Ling: Covid changed the industry significantly. Due to the low-interest rate environment and the work-from-home phenomenon, it created an unprecedented need for people to have their own property.

    Post-covid, we have seen enthusiasm dampen and return to normal pre-covid levels.  The rising inflation environment has affected spending power, and buyers are more price sensitive.

    SI: What are the different approaches to selling property as compared to previously?

    JL: Social media has become an indispensable tool in selling property since Covid when show units were rendered useless.  Therefore, technology that helps developers showcase their products online became valuable.  There are even developers selling property on Tik Tok!

    SI: How does the increase in OPR affect the property market?

    JL: Every time Bank Negara Malaysia announces an increase in interest rates, sales would temporarily halt for a while but inevitably increase again.  The truth is that interest rates are right back where they were before Covid, and Malaysia is very fortunate that interest rates have not increased at a crazy rate like some other countries.

    SI: What is the market outlook for property in the short-term (6 months), medium-term (1-3 years) and long-term (5-10 years)?

    JL: In the short term, property prices in Malaysia will likely remain the same but you will see more affordable products coming into the market such as smaller units and affordable housing schemes. In the medium term, should interest rates continue to rise, property prices would likely adjust slightly lower in areas of lower demand. 

    However, Malaysia is a place which has shown continuous growth thus over the long term capital appreciation should steadily increase.

    SI: What do you mean by sustainable development?

    JL: Sustainable developments in my definition means properties that minimises negative environmental impacts and enhances the way one lives.

    SI: What initiatives have you implemented or will be implemented in future projects?

    JL: All our developments are designed with sustainability in mind.  Our shopping mall Design Village Outlet Mall, is designed to embrace shopping within a park. Extensive landscaping has been utilised to lower ambient temperature, even the air-conditioning is a more environmentally friendly VRV system, and we are in the process of installing solar panels in the car park. 

    Our latest residential development Anggun in Batu Kawan Penang, is built to Green Building Index standards. We have installed a smart rubbish disposal system. This vacuum system transports the rubbish to a central depository that removes all water and compacts the rubbish into easily disposable blocks that will eliminate smells and wastewater and ultimately result in a cleaner, healthier, more pleasant living environment.

    SI: What are some of the benefits/impacts of sustainable development?

    JL: When done right, the benefits of a sustainable development should ripple and positively affect the developer, the buyer, the community, and the environment.  It is an investment into the right way to live while thinking of one’s surroundings and other stakeholders. 

    Ultimately the most immediate effect to the buyer is that the development will be a more comfortable environment to live in the long term.

    SI: Does embracing ESG will cause a hike in the price of the property?

    JL: It will in the short term because the elements that go into sustainable development are, for now, much more expensive than conventional construction methods. For example, the smart rubbish system costs millions more than conventional disposal methods. But it results in a way of living that is cleaner, healthier, and ultimately more cost-effective as it will be energy efficient. 

    Eventually when the markets come to expect to live better and nouveau construction elements such as double glazed glass and sustainable construction and materials, the price of these elements will come down or all developments will embrace these methods and prices will balance out.

    SI: Is the co-living concept accepted by Malaysians? What are the benefits?

    JL: Co-living has been around in rural Malaysia for a long time. In Sabah and Sarawak, the indigenous tribes live in long houses, a perfect example of successful co-living. Each family has their own private quarters, but all other activities, such as eating, cooking and socialises, are all done in communal areas within longhouses. 

    The co-living concept in this day and age refers to urban dwelling to save space and cost in high density areas. The benefits are that it is more affordable and provides a social community that looks out for each other, much like the rural concept of ‘kampung’ community.

    SI: Who is the target audience for co-living? And why do they choose co-living?

    JL: In this modern format, the target audience for co-living is very much young millennials early in their careers who want to live near where they work in urban high-density areas. As young people starting out in anew city, co-living is a good way to meet new people and have a community while saving money on rent by sacrificing space.

    SI: Do you think the market for co-living concepts will increase in the near future? Why is that so?

    JL: Co-living will become more common as land becomes scarce and it gets more and more expensive in city centres. In high-density cities such as Hong Kong and Singapore, where rents for apartments have soared, more and more apartment blocks have been converted to co-living spaces. This satisfies the tenant by offering smaller space at a lower rent and generating a higher yield for the landlord. 

    In the UK, where rents are expensive, houses are converted into HMOs (houses of multiple occupancy), a version of co-living.  However, rents in Malaysia remain low and thus reasonably affordable, so it may be a while before the co-living concept catches on.  We will just see smaller studio or one-bedroom units in the immediate term.

  • SIBS Secures Multi-Billion Ringgit Modular Apartment Building Project To NEOM, Saudi Arabia

    SIBS Secures Multi-Billion Ringgit Modular Apartment Building Project To NEOM, Saudi Arabia

    SIBS, one of the world’s leading in modular construction technology, is proud to announce that it has successfully secured a multi-billion-ringgit contract to deliver 2174 apartments to Neom, one of the largest urbanization projects located in northwest Saudi Arabia. The project will be delivered in the form of turn-key buildings from a finalized bottom slab upwards. The entire project will be delivered and commissioned by Q3 2024. This significant achievement marks a breakthrough for the company’s continued growth and success in the industry.

    The project, known as NEOM will be a ground-breaking development in the heart of NEOM city intended for those working on the planning, engineering, and construction of the project. With 2174 apartments distributed among 35 buildings, the development offers luxurious living spaces and an array of amenities tailored to meet the needs of modern urban dwellers.

    The buildings consist of one- and two-bedroom apartments fully fitted with quality designed built in furniture’s, exclusive bathrooms, and balconies for each apartment. Sustainability has always been at the very sole of our design philosophy and together with our efficient building systems, we are able to achieve a high level of energy efficiency. Our flexible yet robust building design makes relocation of these buildings to other regions of Neom a breeze as this mega project progresses.

    Erik Thomaeus, CEO of SIBS Group

    “We are thrilled to have secured this monumental project. This development represents a major milestone for our company and reflects our commitment to creating exceptional living experiences for tenants. The fact that SIBS has been selected as a supplier to NEOM is a clear confirmation that we have the competence and delivery strength that few in the world can match. We look forward to contributing to the development of NEOM as an international hub for, among other things, innovation, business, and sustainable development. We are excited to contribute to the growth and development of NEOM while providing a vibrant and sustainable community.” says Erik Thomaeus, CEO of SIBS Group.

    When SIBS started in 2016, the team had only one mission in mind and that was to revolutionize how homes are built. Its substantial scalable capacity and ability to adapt to different requirements from all regions of the world is further validated with the securing of the NEOM project.

    Last year, the finest modular construction company invested in its new plant in mainland Penang, Malaysia. It has ever since boosted its productivity four folds, making SIBS one of the largest producers of apartment modules in the world. The state-of-the-art factory which spans across a 550,000 sq ft footprint on a 28-acre site is also almost entirely operated through solar energy to reduce its carbon footprint. The new plant is designed to meet the world’s growing needs for a more intelligent, efficient, and effective construction method.

    CEO of SIBS Malaysia, SP Ong, said “Securing this project enables our company to strengthen its position as an industry leader in modular construction. We have a product that is unique and in high demand and I am confident that with a team of professionals whom we have assembled we will continue to improve to strengthen our position in this industry as the leader in construction tech. Everything in our factory is custom designed and built, from its production system to the machines used for production – something that no other competitor has. Not forgetting that we are one of the first to be able to complete 90% of an apartment building off-site leaving only 10% on-site work. We are also proud to be a company that prioritizes on using local suppliers and local professional talents. To further increase efficiency, we have also strategically placed our main suppliers within close proximities of our plant to avoid disruptions to our production. Doing so reduces our dependence on distant sources which are susceptible to disruptions and volatility. This mitigates risks and enhances our ability to respond quickly to demands and changing circumstances.

    When we prioritize our borders, we directly boost our domestic economy. The ripple effects of this decision are profound, touching every corner of our society. Aside from delivering the best products, we have a serious commitment to contribute to local economic growth, job creations, and community development as an organization.” He concluded.

    The success of SIBS in securing this multi-billion-ringgit apartment building project can be attributed to its experienced team of professionals who bring the substance of expertise and a passion for innovation to every project they undertake. Their dedication and commitment to excellence have earned the reputation for reliability in delivering high-quality products and ultimately positioning the company as the preferred choice in the construction technology industry.

    SIBS is grateful for the support and trust of its partners, investors, suppliers, and the local

    community. The company remains committed to delivering this ambitious project on time, within budget, and to the highest quality standards.

    For more information about SIBS and its portfolio of projects, please visit www.sibs.com.my. Facebook link: https://www.facebook.com/SIBSMalaysia

    About Neom

    NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.

    NEOM will include hyperconnected, cognitive cities, ports and enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity.

    Read more at www.neom.com.

    About SIBS

    SIBS Group was founded in 2016 and is today one of the world’s leading modular home manufacturers. With a scalable capacity of around 6,000 homes per year, we deliver sustainable, high-quality homes adapted to local conditions. SIBS has the entire integrated value chain for industrial construction within the group – from design and configuration in its building system, industrial production in its own factories and on-site assembly/finalization. With the help of digitalization and technology, we set a new standard in the construction industry.