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The 660 units in Block C of 168 Park Selayang comprising commercial units and designer suites is now completed and ready for vacant possession, with the first letters going out to its respective owners on Aug 30, 2024. “This is truly a major milestone for this maiden project of ours. We were taking over a project that had been abandoned. Our expertise was in construction, not in property development. We are extremely proud to say that we will meet the deadline of delivering the 660 units for Block C on time, as promised. For the affected buyers, who have waited eight to ten years for this day, the wait is finally over,” said 168 Park Selayang Sdn Bhd’s Director of Business Development Mr Lorenz Tong. 168 Park Selayang Sdn Bhd was established by the founders of Infra Segi Sdn Bhd in 2021, after the latter was the approved white knight by the High Court to revive the Selayang Star City project which had been abandoned in 2016. Under the judicial management order (JMO), Block C of 168 Par...

Best Boutique Award CPI Land marked another milestone today as the boutique developer bagged two awards at the 9th PropertyGuru Asia Property Awards Malaysia, winning in the category of Best Boutique Developer and the People’s Choice Award. People's Choice Award Operating on the belief of Creating Perfection through Innovation, CPI Land’s drive to innovate is visible through its sustainable construction and good deliverance, cost-effectiveness, design and functionality of its properties, and curating exceptional customer experience. The boutique developer’s overall track record in the past 12 months include the handover of its 4th project Kerian Links in Taman Rainbow in December 2021, a take up rate of 98% for its 5th project, Dian Residency, and the official launch of its 6th project, Tuan 2egacy, in Q4 of 2021 which was 100% sold within 6 months of launch. Director of CPI Land, Chung Shan Tat, shared that the team is extremely honoured and pleased to be recognized for its overal...

Set in Gamuda Cove, it promises to be an exciting addition to Malaysia’s tourism industry Gamuda Land previewed its SplashMania Waterpark to media, authorities and key partners today. Targeted for opening in January 2023, the 18-acre waterpark at its Gamuda Cove township will comprise 24 thrilling water slides and 15 key attractions, with some being the first-of-its-kind waterslide experiences in Malaysia – including a Virtual Reality waterslide. “The addition of the SplashMania Waterpark will not only benefit residents from Gamuda Cove, but its surrounding communities and Malaysia at large with a projected annual visitorship of 800,000. The waterpark will allow us to reach out to an untapped eco-tourism opportunity in the Southern Klang Valley region in line with Tourism Selangor’s plan,” said Chu Wai Lune, Chief Operating Officer of Gamuda Land, adding that Gamuda Cove’s strategic location along the ELITE Expressway at the southern corridor of Klang Valley, as well as its proximity ...

The importance of adequate affordable homes facilitates labour mobility within a country making it a critical factor to the overall health of the economy The right to adequate, affordable housing has been recognised internationally as a basic human need and a central dimension of well-being. In Malaysia as well, the ongoing full stamp duty exemption on first residential homes below RM500,000 as well as the approval for the construction of 67,944 affordable units this year, just in the Federal Territories alone, reflect first time home buyers’ need for support, the government’s commitment to the lower income group and recognition of the importance affordable housing in nation building. However, despite the obvious demand for affordable housing, market forces including rising living costs, interest rates, as well as spikes in material and commodity costs, are hampering the ability to supply affordable homes. In addition to factors such as access to leisure, environmental quality, levels ...

Hektar Real Estate Investment Trust (“Hektar REIT”) has been awarded “Company of the Year” under the “Stakeholder and Community Sustainability Engagement Initiatives” category of the Sustainability & CSR Malaysia Awards 2022 held today at Mandarin Oriental Hotel Kuala Lumpur. Second from Left: Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun and CEO of Hektar Asset Management Johari Shukri bin Jamil This award follows the recent 4-star Environmental, Social and Governance (“ESG”) rating upgrade received by Hektar REIT as a constituent of the FTSE4Good Bursa Malaysia Index (F4GBMI) in the June 2022 evaluation by FTSE Russell. Johari Shukri The Sustainability & CSR Malaysia Awards 2022, which was officiated by the Minister of Rural Development, YB Dato’ Seri Mahdzir bin Khalid, and represented by the Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun is organised by CSR Malaysia, a publication and social initiative u...

A freehold low-density residential that offers convenience, connectivity and comfort WCT Land Sdn Bhd, the property development, and property investment and management division of WCT Holdings Berhad, introduces its latest low-density apartment, Adenia Apartments, that is set to be completed in 2025. The new property is strategically located in the royal town of Klang within the mature township of Bandar Parklands and is expected to hold strong market value due to its established location. Adenia offers premium amenities to homebuyers at an affordable price of RM 375,000 per unit; resulting in more than 200% in registrations of interest. Bumiputera units are still available with a 7% discount. First-time home buyers can apply for a 100% loan from Skim Rumah Pertamaku to enjoy stamp duty exemptions on both memorandum of transfer (MOT) and loan agreement. Adenia will foster a modern lifestyle of convenience and connectivity, with urban facilities surrounded by beautiful greenery and lan...