development

Villamas enhances the Seri Kembangan skyline with meta_city

By Gunaprasath Bupalan (Emjay Communications / The Malaysian Global Busines Forum / News Hub Asia / iHaus / Property360Digest) Located near the northern end of the PLUS Expressway Southern Route, Seri Kembangan needs little introduction to property enthusiasts. History would tell us that Seri Kembangan was established as the Serdang New Village in 1950 when the British moved Malaysian Chinese villagers living around Sungai Besi to a centralised location due to the Communist threat during the Malayan Emergency as part of the Briggs Plan. In its early days, the village had 50 houses and all were built from scratch because the British only provided empty plots of land. The area was close to rubber estates and the jungle posed dangers of a different kind. Most of the 15,000 inhabitants earned ...Read More

Lendlease ‘Projek Komuniti Kita’ makes a difference in Perumahan Awam Sri Selangor

  By Gunaprasath Bupalan – Emjay Communications / Property360Digest / ihaus.com.my / NewsHubAsia / Malaysia Global Business Forum Kuala Lumpur, March 2019 – Two (2) local public housing communities in Kuala Lumpur received support from Lendlease through ‘Projek Komuniti Kita’- a community partnership project in collaboration with local social enterprise, Surprise Ventures. The project aims to support local community growth and development through infrastructure enhancements and upgrades, arts, culture and sports. Perumahan Awam (PA) Sri Selangor and PA Hang Tuah were the first beneficiaries of the program which received refurbishments to their futsal courts, breathing new life into the community’s common gathering space for recreation and sports. Opportunities for children livin...Read More

Gamuda IBS replicates its successful RSKU projects constructed by Digital IBS – Idaman Residensi

By Gunaprasath Bupalan – Emjay Communications / Property360Digest / MalaysiaGlobalBusinessForum / NewsHubAsia SELANGOR CYBER VALLEY, 4 March 2019 – For the first time ever, Yang Amat Berhormat Tuan Amirudin Shari, Dato’ Menteri Besar Selangor officiated a digital Industrialised Building System (IBS) project under the Rumah Selangorku initiative at the Idaman Residensi apartment at Seksyen 6, Selangor Cyber Valley on 2 March. At the event, Perbadanan Kemajuan Negeri Selangor (PKNS) Corporate Communications Manager Ishak Bin Hashim said that their commitment to develop Idaman Residensi was in line with the Ministry of Housing and Local Government’s goal to build one million affordable homes over the course of the coming 10 years. PKNS Property,  a subsidiary of PKNS seems to be confide...Read More

A layperson’s guide to all things STRATA

Gunaprasath Bupalan – www.property360digest.com / www.malaysiaglobalbusinessforum.com / www.newshubasia.com Many of you living in apartments, condominiums, town houses and SOHO (small office home office) would probably be familiar with the term ‘strata’. We read and hear of terms such as ‘strata title’ and ‘strata properties’. The word ‘strata’ is actually the plural word for ‘stratum’, which according to most dictionaries such as the Cambridge Dictionary can mean ‘one of the parts or layers into which something is separated’. In Malaysia, ‘strata’ generally refers to individual units of your homes within multiple levels of floors of your high or low-rise properties, which are constructed upwards i.e. vertically. Strata properties can also be within horizontal layers within gated and...Read More

The Follies and Foibles in Community Living

Gunaprasath Bupalan – www.property360digest / www.malaysiaglobalbusinessforum.com / www.newshubasia.com Taking a break from its usual serious and educational writings, in this segment, HBA has decided to air its funny bone and show what tickles HBA. A friend once told me that reading HBA’s articles on all things housing is like being immersed in a ‘horror housing series’ of the brutally honest kind. Words like ‘unscrupulous developers’, ‘irresponsible authorities’, ‘abandoned projects’, ‘perpetual renters’, ‘homeless generations’ strikes such terror in her heart that even the most haunted of ghost stories cannot rival its effects. But, I guess HBA tells the truth that housing developers refuse to hear and face as reality but shun such truths as spreading gloom and doom. A question wa...Read More

Rectifying a leak in strata living

IF you live in a high-rise building and have an inter-floor water leakage issue, you can rest assured that you are not alone. Inter-floor leakages are, without a doubt, one of the biggest problems faced by many dwellers of high-rise buildings. Building technology has progressed over the years and we can build high-rise buildings that can withstand earthquakes with seismic engineering, be fire-resistant with comprehensive fire prevention measures and green buildings with energy and water-efficient measures. Sadly, however, we do not have any provisions in building codes to look into an issue that bothers many building owners and occupants – a water leakage. Following my article that was published in the StarBizWeek Buyers Beware column on Aug 22, the National House Buyers Association (HBA) ...Read More

PR1MA now chasing profit, not helping first-time owners, says house buyers’ group

(April 20): PR1MA Corporation Malaysia (PR1MA) has strayed from its objective of building affordable homes in urban localities and instead has become profit-oriented, going into joint ventures with private developers, the National House Buyers Association (HBA) said. Its secretary-general, Chang Kim Loong, said the corporation under the Prime Minister’s Office has relaxed many of its housing requirements and allowed private developers to come in as joint venture partners. “We know these private developers are profit-oriented and they are not there to do charity. Therefore, why should PR1MA share their cake with them?” Chang said it has increased the ceiling price of a house from RM350,000 to RM450,000 last year and allowed second-time buyers to purchase PR1MA units. “The ...Read More

Buyers: Cheap homes too small, too few, too far away

PETALING JAYA: So-called affordable homes are too small, too far away and too few, the national house-buyers’ association said today, disputing a claim by developers of an oversupply of affordable homes. The National House Buyers Association (HBA) also criticised the unrealistic definition of “affordable homes” used by the Real Estate and Housing Developers’ Association (Rehda). HBA secretary-general Chang Kim Loong concurred with Bank Negara Malaysia that most Malaysians could not afford homes costing between RM300,000 and RM500,000, which falls within Rehda’s definition of affordable housing. Chang said the price should be between RM150,000 and RM300,000. Speaking to FMT, he pointed out that Bank Negara had in fact estimated the maximum price of an affordable home to be only RM282,000, d...Read More

Malaysia’s property market in 2016: What to expect & predictions

INDUSTRY EXPERTS Warrick Singh Director of Business Development/Training of Asian Realty Sdn Bhd, Asian Land Auctioneers Sdn Bhd/Starfish Training Sdn Bhd  As we move into 2016, the ‘cloud of uncertainty’ hanging over the Malaysian economy would settle somewhat preceding several recent capital measures, such as the purchase of Malaysian bonds, intra-trade in Chinese Renmimbi instead of US Dollar and the offer of RMB50 billion of a protected Chinese capital market. Also, the development of the LRT/MRT lines which enhances connectivity to Greater Klang Valley including Seremban, Rawang and Klang will bode well for the residential and commercial property market. Malaysia generally has a young population where 80% of Malaysians are below the age of 50, which means the demand for houses is only...Read More

Full-disclosure by developers

THE National House Buyers Association seems to have finally succeeded in persuading the Government to make developers provide purchasers with a full set of detailed approved documents of the property. In fact, this has all along been a legal requirement. As far as landed properties are concerned, the approved layout plan and the approved building plan are to be included in the sale and purchase agreement (SPA) as the first schedule and second schedule respectively. With respect to the strata titles, there are the site plan, layout plan, floor plan of the parcel, storey plan of the building, accessory plan and common facilities plan, all approved, which comprised the first and second schedules. The Urban Wellbeing, Housing and Local Government Ministry has now agreed with HBA that the detai...Read More

Pre-requisite condition for licensing of a housing developer

It is noteworthy that the Housing and Local Government is providing further protection to house buyers against the antics of irresponsible developers. The recent amendments to the Housing Development Act comes to mind. One of the most pertinent clause that was amended is Section 6(1)(b) of the Housing Development (Control & Licensing) Act, 1966. The matter refers to the amendment to the requisite deposit, which is refundable, from the current RM200,000 to 3% of the construction cost. Small developers who build small number of houses in the smaller towns and where total construction cost is RM2mil or less, the RM200,000 that they are currently forking out actually represents over 10%. Therefore, for them the new 3% is actually a vast reduction! To a big project developer whose construct...Read More

Plight of kampung land owners

Where’s the prosecution against the 205 unlicensed housing developers? BUYERS BEWARE BY CHANG KIM LOONG ABOUT two years ago, an English daily highlighted the plight of land owners who had entered into joint ventures with unlicensed developers to build houses on their (home owners’) land. Most of these deals involved land in the kampung (or villages). When these partnerships turned soured and were subsequently highlighted in the press, the Housing Ministry warned it was going to catch these businessmen, most of whom were small-time developers out to make a quick buck. However, until today, no action seems to have been taken on these errant developers while the victims continue in their miseries and financial nightmares due to abandoned projects and botched joint ventures. The Housing Minist...Read More

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