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News Updates & Article sharing

Projects For Middle Income Malaysians

10/4/2015

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Good news for Middle Income Malaysians. Developers are looking into middle income groups market

Developers roll out projects for middle-income Malaysians
Posted on October 2, 2015
BY DAVID TAN, CHRISTOPHER TAN, AND JOLYN FRANCIS





DEVELOPERS from Penang and Kuala Lumpur are showcasing approximately RM9.52bil worth of projects at the Star Property Fair 2015 at Queensbay Mall, Penang.

The developers are EcoWorld Development Group Bhd (RM710mil), Mah Sing Group Bhd (RM4.32bil), Ewein Zenith Sdn Bhd (RM800mil), Seni Bahagia Sdn Bhd (RM72mil), Sunway Bhd (RM628mil), Asia Green Group (RM1.6bil), Aroma Development Sdn Bhd (RM500mil), Bionic Development Sdn Bhd (RM300mil), Trimension Properties Group (RM200mil) and KB Group (RM384mil).

The projects are targeted mainly at the Malaysian market despite many would-be buyers having difficulty in obtaining bank loans.

Mah Sing Group Bhd CEO Ng Chai Yong said the group believed there would still be a need for well-located property with mid-range prices for Malaysians in the middle-income segment.

He said there was a supply and demand gap as only 70,000 to 80,000 new homes were completed each year, while approximately 200,000 units were required to meet new households arising from marriages.

“We are very careful with the projects we roll out at the fair.

“We believe they will do well as they are a good mix of investment grade property as well as residences in good locations, priced to attract the mass market.

“The weakening ringgit may attract more foreign investors but it is also a compelling reason for local buyers to invest now to hedge against inflation and economic concerns,” Ng said.

Zeon Properties Sdn Bhd chief executive officer Leon Lee said the local segment was still the market to go for because there were still many who had yet to own a home.

“Most of our homes are priced below RM1mil and foreigners who are not registered under the Malaysian Second Home Programme cannot buy them.

“The exceptions are City of Dreams units, which are priced between RM1.4mil and RM2.3mil, and some units of Sang Sarang and Starhill,” Lee said at the fair yesterday.

The projects exhibited by Zeon are Ewin Zenith’s City of Dreams in Gurney Drive, Aroma Development Sdn Bhd’s Starhill in Sunga Ara, Bionic Land Bhd’s Prominence in Butterworth, Trimension Properties’ G Mansion in Bukit Gambier and KB Group’s Sang Sarang in Lumut.

Meanwhile, EcoWorld Development Group Bhd sales assistant manager Juliet Ooi said both the RM310mil Eco Meadows and RM400mil Eco Terraces in Paya Terubong were targeted at local buyers.

“The selling price for Eco Meadows’ two-storey terrace houses starts from RM708,000,” she said.

Ooi said Eco Terraces located in Paya Terubong had already registered a take-up rate of 60%.

BSG Property is displaying The Landmark in Tanjung Tokong, Middleton in Minden Heights, Oakridge in Sungai Nibong and Raffle Residence 199 in Minden Heights at the fair.

BSG Property sales executive Eevonne Lim said The Landmark consisted of 308 commercial and residential units.

“The built-up space ranges from 7,990sq ft to 3,004sq ft.

“The minimum price starts from RM1.2mil due to the good location and every unit has a sea view,” she said.

She added that the project, launched in 2013, was 60% to 70% sold.

“We have both local and foreign investors for this project,” she said.

“A total of 8% of our Middleton luxury condominium units in Minden Heights with a starting price of RM1.1mil have been sold.

“Our Oakridge three-storey semi-detached homes in Sungai Nibong and our Raffel Residence 199 three-storey terrace units in Gelugor are almost sold out,” she said.

Refer from http://www.starproperty.my/index.php/featured/developers-roll-out-projects-for-middle-income-malaysians/



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  • Home
  • New Property Launch
    • Best Investment 2022 PJ Damansara Low Risk Low Entry Price High ROI
    • 2022 PJ Rumah Mampu Milik RM270k Damansara
    • Bangsar South 2 Rooms from RM390k BELOW Market Price
    • 10% ROI PJ Project near Ikea and One Utama Mall
    • Mid Valley Seputeh New Launch
    • Pavilion Damansara Heights 柏威年 白沙罗岭 马来西亚 吉隆坡 精选楼盘
    • 马来西亚RM300千的PJ屋子-首购族,年轻人月入3千能买房
    • 2021 Penang Most Awaited Project
    • 2021 New Launch - KL Metropolis
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • Freehold LRT Linked 3 Room Suites in Glenmarie
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • Avara Seputeh (Mid Valley)
    • Project Announcement Registration. Malaysia New Property Launch
  • Existing & Past Project
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • Kiara East Suite Dex
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Best Property Investment Projects in 2018
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Other Professional Services
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Get Professional Advice
  • PJ八打灵2021全新地产项目分析手册