Inovatif

Tag: property

  • Myra unveils Alam Impian’s township with Malaysia’s first developer-backed renovation financing

    Myra unveils Alam Impian’s township with Malaysia’s first developer-backed renovation financing

    Myra, the residential brand under Oriental Interest Berhad (OIB), is making its most significant entry yet into Shah Alam with the unveiling of Myra Tenuman, a 70-acre township in Alam Impian with a projected gross development value (GDV) of RM1 billion. The development is set to raise the benchmark for community-centric urban living in one of the Klang Valley’s most rapidly maturing corridors.

    Designed as more than a residential project, Myra Tenuman is envisioned as a full-fledged township that integrates premium landed homes, upcoming serviced apartments, community-oriented commercial zones, and placemaking-driven public spaces.

    Anchored by a thoughtfully curated village hub, the masterplan will eventually connect green corridors, pocket parks, and public realms, creating a long-term address for multigenerational families and upwardly mobile professionals seeking both exclusivity and community.

    Speaking at the exclusive preview, Akil Hassan, Chief of People and Growth at Myra, said “Myra Tenuman marks a deliberate step forward in how we think about the liveability of place and permanence.

    The first landed offering within the township will be unveiled under the Halaman collection, comprising 54 semi-detached homes and 16 bungalows, with an estimated GDV of RM165.5 million. All units are freehold and come with individual titles, offering homeowners long-term ownership security and greater flexibility for future modifications or extensions.

    Conceived by Tangu Architecture, Halaman celebrates the idea of a “Green Village Compound”, fostering a sense of openness, connection, and harmony with nature. These homes draw inspiration from the traditional kampung spirit, reinterpreted through contemporary architecture and tropical design thinking.
    Bungalows in Halaman sit on expansive land parcels ranging from approximately 6,652 to 8,826 sq ft, with built-ups of up to 3,982 sq ft, and are priced from RM3 million. The semi-detached units will have lot sizes between 4,166 and 7,535 sq ft, with built-ups of up to 3,376 sq ft, and prices starting from RM2 million.
    Across both typologies, homes feature open-plan layouts, generous windows, and seamless transitions between indoor and outdoor spaces, blurring boundaries to enhance daily liveability. The architectural language promotes cultural sensitivity and environmental responsiveness, resulting in residences that are not only visually refined but also functional, adaptable and sustainably conceived.

    Myra Tenuman represents Myra’s final parcel in Alam Impian and is undertaken in collaboration with fellow landowners and partners Naza TTDI and Triterra, underscoring the area’s emerging profile as one of Shah Alam’s most valuable suburban corridors.

    To make homeownership more accessible and customisable, Myra has partnered with RHB Banking Group (RHB) to introduce a bundled Home & Renovation Loan/Financing package, marking RHB’s first collaboration of this kind with a property developer.

    This financing solution offers eligible homebuyers up to 120% financing of either the Sales and Purchase Agreement (SPA) price or open market value. Significantly, up to 30% of this amount can be specifically allocated for renovations, covering a wide range of enhancements including tiling, fittings, structural upgrades, and interior design.

    Jeffrey Ng Eow Oo, Managing Director, Group Community Banking, RHB Banking Group, said, “We recognise that today’s homebuyers aspire to create spaces that truly reflect their personal style and needs. This pioneering partnership with Myra allows us to empower them with a seamless and flexible financial pathway to achieve this vision, ultimately contributing to a more vibrant and personalised living environment for communities.”

    The renovation portion of the financing will be disbursed progressively over a 12-month period, commencing after the full disbursement of the home loan/financing. This offer is available to both new and existing RHB customers and also covers essential costs such as legal and valuation fees, as well as mortgage protection insurance or takaful, providing a comprehensive financial solution from the initial purchase through to moving in and personalising their new home.

    While Myra Tenuman buyers can only apply for the renovation loan upon completion, RHB’s financing initiative will also be extended to selected completed properties within Myra’s portfolio, including Myra Saujana Phase 4 in Sepang and Myra Gardens Phases 2 and 3 in Sungai Buloh.

  • Asia Vision Capital’s new Shariah fund connects investors to Johor’s investment opportunity

    Asia Vision Capital’s new Shariah fund connects investors to Johor’s investment opportunity

    Asia Vision Capital Sdn. Bhd. (AVC), a licensed Venture Capital Company registered and regulated by the Securities Commission Malaysia (SC), has launched QJBCCI PLT, a Shariah-compliant Real Estate Fund offering accredited investors structured access to Quayside JBCC. It is an iconic mixed-use development located within the Johor-Singapore Special Economic Zone (JS-SEZ), one of Southeast Asia’s most dynamic cross-border corridors.

    QJBCCI PLT complements AVC’s conventional real estate fund, QJBCCA PLT, which was launched in January 2025. Both funds operate under a regulated framework where the funds are lodged with SC, with TMF Group as the trustee and Tawafuq Consultancy serving as the Shariah adviser for the Islamic tranche.
    These funds provide accredited investors with the opportunity to participate in the development of Quayside JBCC through Redeemable Convertible Preference Shares, standing benefits from quarterly dividend distributions and redemption options after a five-year lock-in period. Backed by institutional-grade governance and oversight, the fund is designed for investors seeking exposure to real estate income streams across hospitality, serviced residences, parking, retail, rooftop restaurants and the development’s prominent LED advertising display.

    “JS-SEZ and Rapid Transit System represent one of the region’s most exciting growth opportunities, powered by cross-border connectivity and rising demand for integrated urban destinations. Through our funds, we are pleased to offer accredited investors a structured and professionally managed pathway to participate in this option. This initiative reflects our commitment to unlocking long-term value through disciplined investment, Shariah governance and institutional-grade oversight,” said Ian Khor, Chief Investment Officer of Asia Vision Capital Sdn. Bhd.

    AVC targets to raise up to RM 300 million as the initial commitment goal for this development project. To enhance investor experience, AVC plans to launch a dedicated mobile platform by late 2025, offering fund performance updates of its portfolios through web and mobile-optimised dashboards.

    As part of its long-term strategy, AVC is also exploring the potential conversion of this mixed-used hospitality development into a publicly listed Real Estate Investment Trust (REIT) by 2032, broadening liquidity options and expanding investor access through public markets.

  • WCT Holdings Berhad shareholders approve listing of Paradigm REIT

    WCT Holdings Berhad shareholders approve listing of Paradigm REIT

    WCT Holdings Berhad (“WCT” or “the Group”), an investment holding company with businesses in engineering and construction, property development and investment in and management of retail malls and hotels, announces that its shareholders have approved the proposed listing of Paradigm Real Estate Investment Trust (“Paradigm REIT”) on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities Main Market). The approval of the shareholders was obtained during the Extraordinary General Meeting (“EGM”).

    The proposed listing of Paradigm REIT will mark a significant milestone in WCT’s strategic growth plans, enabling the Group to unlock the value of its retail assets while optimising its capital structure. As part of the proposed listing of Paradigm REIT, the shareholders also approved the proposed disposal of three prime retail properties – Bukit Tinggi Shopping Centre (BTSC), Paradigm Mall Petaling Jaya (PMPJ), and Paradigm Mall Johor Bahru (PMJB) – to Paradigm REIT for RM2,437,000,000 (“Disposal Consideration”). The Disposal Consideration will be settled through the issuance of 1,600,000,000 units in Paradigm REIT (“Consideration Units”) at an issue price of RM1.00 per Consideration Unit and a cash consideration of RM837,000,000.

    In the approvals sought during the EGM, the shareholders also endorsed the proposed offering of 560,000,000 units in Paradigm REIT (“Offer Units”) by WCT (“Proposed Offering”).

    This includes a proposed retail offering of up to 254,657,500 Offer Units for the entitled shareholders of WCT, eligible directors and employees of the Group and Paradigm REIT Management Sdn Bhd, being the management company of Paradigm REIT, and the Malaysian public. From the proposed retail offering, 194,862,500 Offer Units will be made available to entitled shareholders of WCT on the basis of 1 Offer Unit for every 8 existing ordinary shares of WCT held by the shareholders whose names appear on the record of depositors of WCT as at the close of business on an entitlement date to be determined and announced later by WCT.

    The Proposed Offering also includes a proposed institutional offering at least 305,342,500 Offer Units, of which 200,000,000 Offer Units are reserved for Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI) of Malaysia and at least 105,342,500 Offer Units to other institutional investors and selected investors.

    The proposed listing of Paradigm REIT is expected to strengthen WCT’s balance sheet by reducing borrowings while offering investors the opportunity to participate in a diversified portfolio of income-generating retail assets, delivering stable cash distributions and long-term capital appreciation.

    Dato’ Lee Tuck Fook, Group Managing Director, WCT Holdings Berhad, said, “We are grateful for the strong support from our shareholders in approving the proposed listing of Paradigm REIT. This strategic initiative not only unlocks the value of our retail assets but also provide WCT with greater financial flexibility to pursue new growth opportunities. We are confident that Paradigm REIT will be a valuable addition to the Bursa Securities Main Market and deliver sustainable returns to our investors.”

    The retail properties under Paradigm REIT are strategically located in populous urban areas in Malaysia. The proposed listing of Paradigm REIT reinforces WCT’s commitment to creating long-term value for stakeholders while solidifying its presence in Malaysia’s real estate investment sector.

  • Chin Hin Group Property introduces Avalton By The Water

    Chin Hin Group Property introduces Avalton By The Water

    Chin Hin Group Property (CHGP) unveils Avalton By The Water during a special preview event at its new sales gallery, located in Jalan Bandar Hilir, Melaka. This marks CHGP’s first development preview of the year.

    Avalton By The Water is a resort-themed, luxurious development spanning 6.619 acres of leasehold land, facing Malacca Island. The project features 539 units across seven residential blocks—six low-rise and one mid-rise—and offers two layout types, each with three-bedroom options. Unit sizes range from 760 to 850 sq ft, with prices starting at RM508,000.

    With its contemporary design, Avalton By The Water offers an urban sanctuary surrounded by Melaka’s rich historical sites and coastal heritage. The development draws inspiration from the elegance and strength of flowing water, reflecting the beauty and energy of its waterfront setting.

    Ideally located at Jalan Melaka Raya 35, the development provides convenient access to major roads and is just 4 kilometres from Melaka Sentral Bus Terminal and 6.3 kilometres from Malacca International Airport. The North-South Highway is approximately 16 kilometres away, making Avalton By The Water a prime choice for future commutes. Popular tourist attractions, such as A Famosa, Jonker Street, Melaka River Cruise, and Little India, are also within close proximity.

    Avalton By The Water ensures exceptional convenience with easy access to healthcare facilities, educational institutions, and leisure spots. It is located near Mahkota Medical Centre, Melaka Hospital, and top schools such as JT International School, SMK Tinggi Melaka, and MMU University Malaysia. For shopping and entertainment, Aeon Mall Bandaraya Melaka, Mahkota Parade, Plaza Hang Tuah, and The Shore Shopping Gallery are all within arm’s length.

  • E&O Berhad Unveils Maris

    E&O Berhad Unveils Maris

    Eastern & Oriental Berhad (E&O) revealed its latest waterfront residence, Maris. Located within the vibrant Gurney Green district on Andaman Island, Maris offers residents a unique blend of urban convenience and tranquil seafront elegance.

    With a Gross Development Value (GDV) close to RM 700 million, Maris is freehold and offers 516 furnished serviced residences within a 49-storey tower. Homes are designed to cater to diverse lifestyles, featuring sizes ranging from 979 square feet for the two-bedroom units while three-bedroom units range from 1,177 square feet to 1,356 square feet. Prices of homes are expected to start from RM 950,000.

    The development also features eight waterfront shophouses, seamlessly integrating retail and residential components, allowing residents to enjoy a host of conveniences and social gatherings.

    Kok Tuck Cheong, Managing Director at E&O Berhad, said, “Maris celebrates modern waterfront living, blending luxury, functionality, and sustainability. Its marina-edge concept offers a vibrant yet serene environment, where everyday essentials are just steps away. It’s more than just a home, Maris is an experience, crafted with meticulous attention to detail to enhance the quality of life for our residents.”

    Among the standout features of The Maris are its curated facilities and amenities which include an infinity pool, forest park, pet park, gymnasium, and social spaces to foster community interaction.

    Residents will also be able to enjoy picturesque and relaxing sea views from the sky terrace, which offers swinging daybeds and outdoor dining spaces, set against the iconic Gurney Drive and Georgetown skyline.

    The launch of Maris also introduces a vibrant waterfront promenade. Lined with cafes, restaurants, and boutique retail outlets, it offers both residents and visitors a variety of lifestyle and
    leisure experiences.

    Kok said, “As the first project to activate this promenade, Maris transforms the area into an open, welcoming space that fosters social interaction and communal living. Designed with walkability in mind, the promenade ensures easy access to amenities while encouraging an active, outdoor lifestyle. It creates an inviting environment for people to gather, connect, and enjoy shared experiences.”

    Continuing E&O Berhad’s commitment to sustainability, Maris also meets Platinum GreenRE standards, which incorporates environmentally conscious and quality materials alongside best practices to ensure energy efficiency and minimal impact on the surrounding ecosystem. This will enhance both the living experience and the sustainability of the development.

    Show units for Maris are now open for viewing on Andaman and in conjunction with the coming Chinese New Year celebrations, E&O will be hosting exciting activities on February 1 between 11am to 6pm. Visitors will be able to look forward to Lion Dances, workshops, a Chinese Orchestra performance and a wide selection of food and beverages.

     

  • Encouraging Property Trends Among M’sians Despite COVID-19

    Encouraging Property Trends Among M’sians Despite COVID-19

    iProperty.com.my has revealed encouraging property-seeking trends among Malaysians despite pandemic.

    iProperty.com.my has recently announced the results of its latest consumer survey. The survey aims to understand Malaysians in their property seeking journey during the Movement Control Order (MCO) period and how it has affected them.

    The survey also analyses the purchasing desire of homebuyers before, during and after MCO. The survey was conducted between 11 May – 1 June 2020.

    44% of survey respondents were looking to purchase a property before the announcement of MCO

    The property portal reveals that 44% of the survey respondents are looking to purchase a property before the announcement of the Movement Control Order (MCO).

    Out of these property seekers, 28% stopped actively looking after the MCO was announced on 16 March 2020. However, more than one third of the property seekers who stopped actively searching (38%) stated that they are either waiting for prices to drop or are still open to good property deals.

    The top two factors which influence a property seeker when evaluating an online listing is validation of a property’s valuation (pricing trends for similar properties) and listing content which gives a very clear understanding of the property’s space and layout.

    Property seeking interest unaffected by MCO

    According to the survey results, in spite of the unprecedented situation caused by COVID-19, property seeking trends among Malaysians remained encouraging.

    Interestingly, the survey results reveal that 24% of the respondents who were not looking to buy a property before the MCO are now looking to purchase after the MCO announcement.

    A majority of these new entrants are either looking at current market conditions as an opportunity to purchase their first homes, to upgrade their existing homes or to invest in property, while the minority mentioned that they are downsizing or moving to more convenient locations.

    With these new entrants the percentage of respondents who are actively looking for a property increased to 45% post MCO announcement. On top of this, another 10% of respondents, who are not actively looking for a property post MCO, are open to the right property deals.

    Taking into account this group, the percentage of respondents who are interested to purchase a property after the MCO announcement tops 55%.

    Nevertheless, 92% of the people who are actively seeking for a property state that they have a lower readiness to transact (49% are waiting for prices to drop while 43% are still looking but more cautious about making any financial commitments).

    90% of property seeking respondents named easy entry options as the top factor

    The survey further reveals that 90% respondents answered that the factors which will help ease their transaction decisions are easy entry options such as zero down payment, developer discounts and subsidised legal costs.

    In addition to easy entry points, the survey also reveals that 81% of respondents are looking for trustworthy and reliable developers/ agents.

    Also, 89% of property seekers are receptive to the idea of virtual viewings. 75% state that it will help them decide whether or not to view a property in person while the remaining 14% says it is enough for them to decide whether to buy/rent a property.

    On the same note, 83% of all respondents want to get updates on good property deals (new properties on promotion, or sub sale properties at good prices), while 54% of respondents are interested in market insights and data, to help them better understand the current state of the property market.

    This positive consumer survey highlights the timeliness of the re-introduction of the Home Ownership Campaign (HOC) under the government’s recent Economic Recovery Plan (PENJANA) package.

    The HOC initiative which features significant stamp duty holidays would help alleviate the financial burden of aspiring home buyers.

    Commenting on the consumer survey, iProperty.com.my General Manager of Marketing and Communications Wong Siew Lai said, “The findings from this consumer survey revealed something very encouraging on Malaysian property seekers purchasing desires despite the unprecedented situation caused by the COVID-19 pandemic.

    “Overall, volume of demand did not change significantly and people are still looking for properties. Property seekers are spending more time researching and evaluating their property options online.

    “The market may be much more receptive to property deals and solutions that help them discover those deals, as well as online content that helps them better understand the current market conditions.

    “If they discover the right deal, many opportunistic property seekers are willing to invest even beyond their original budgets.”