DONE DEAL: Bungalow, Taman Shanghai, Old Klang Road, KL
Sold for: RM4 million (RM417 psf against land size); Concluded by: Neville Peter Massang (REN 24547) (012-201 9216) of I-Prop Realty (USJ) Sdn Bhd; When: May 2020
Sunway Group President Datuk Chew Chee Kin made Tan Sri in Agong’s birthday honour
Chew currently drives Sunway Group’s digital transformation agenda, as well as stewards Sunway’s mission to transform Sunway Group’s flagship township Sunway City Kuala Lumpur into a model smart and sustainable city of the 21st century.
Vacancy tax to imposed on developers as early as 2021 - Zuraida
The Housing and Local Government Ministry (KPKT) is formulating a tax that could be imposed on developers who fail to sell their properties as early as early next year, in an effort to reduce overhang of residential units in the country.
DONE DEAL: 2-storey terraced house, Bukit Bandaraya, Bangsar, KL
Sold for: RM1.8 million (RM847 psf against land size); Concluded by: Zack Ng Kah Chuan (PEA 2049) (016-222 9045) of Pepite Real Estate Sdn Bhd; When: March 2020
Committed to creating a ‘lovable’ township
Many are amazed by how a former quarry mine where no plants could grow is now an award-winning township with two man-made lakes teeming with fishes and aquatic plants that have become popular recreational areas for its residents and even the public.
ParkCity's The Central Park and Plaza Arkadia excel at Best Managed and Sustainable Property Awards
Anchoring the verdancy in the heart of Desa ParkCity is the 13.19-acre Central Park with a 6.34-acre man-made lake. It draws denizens both from inside and outside the township because it is a pet-friendly public park, a rarity in Kuala Lumpur. The decision to turn it into a pet-friendly park was to make it an inclusive park which everyone could enjoy.
ParkCity's Plaza Arkadia bags FIABCI World Gold award
Plaza Arkadia had also bagged the Gold in the below 10 years mixed development (entire) category of EdgeProp Malaysia’s Best Managed and Sustainable Property Awards 2020.
Redefining mixed developments
Situated on an 11.32-acre freehold site, Plaza Arkadia has a net lettable area of over 860,000 sq ft, complemented by 1,980 car park bays. It consists of 211 shops, 139 offices and 167 SoHos — all which were fully sold within 15 months after launch. As at December 2019, the retail and office units have achieved at least 90% overall occupancy rate, while the SoHos have an occupancy rate of 63%.
The one that unites the community
Launched 18 years ago, the township was purposed to promote an inclusive community, where all residents enjoy a walking distance to the park through its network of roads and sidewalks.
Overcoming hurdles with tenacity
The Mansions is a high-end low-density parkhome development on a 20-acre freehold hill site at the award-winning township Desa ParkCity in Kepong, KL.
