Property Malaysia

It’s been a pretty slow week for us here at Property Malaysia, mainly due to the school holidays, and partly due to us not being around for most of the week. But next week looks promising, we’ve lined up a few recent launches for us to check out and are looking forward to it.

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We received two invitations to the view show houses last week, one was Alam Sanctuary which have just completed their show house for viewing. They launched their first phase towards the end of last year. The original review is here, and there are also some pictures of the site progress taken last month here.

The other call was from the people at Hijauan Residence in Cheras. Some of you would have seen the ads in the newspapers announcing the launch of their show units.

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Congratulations to SP Setia on winning the Prix d’Excellence for Best Master Plan Category for their project Setia EcoPark. More details can be found here.

Our number online source for Malaysian business and finance news, The Edge Daily, has been down since the weekend.

There was a notice a few days ago on the error message saying they were in the midst of an upgrade, but now the message is no longer there.

Anyone can shed some light on the website?

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Incidentally, has anyone been reading the edge’s new daily edition? We stopped buying the weekly edition some years back due to the skyrocketing price…

Reader sifu has sent in some latest site progress photos for Sierra Residency today.

You can read the original review and discussion here.

Some of the earlier photos also sent in by readers can be found on out Site Progress photos page here (look under ‘Sierra Residency’).

Yesterday in StarBiz, there was an article on E&O Property.

The article basically outlines some of the plans by the company for the near future, emphasizing on their desire to grow in their niche market and strategy to acquire more land.

According to the article,

Its main appeal - the company is the largest property developer in Penang with about 1,350 acres in George Town and 350 acres in Kuala Lumpur city centre.

Some analysts say that in Kuala Lumpur and Penang, E&OP has the largest prime land bank.

Presently, it already has a growth development value (GDV) of RM15bil.

Out of this, RM10bil comes from Penang, and the remainder from Kuala Lumpur.

The article also highlights E&O’s strength in Penang, saying,

Penang is widely seen as one of the largest beneficiaries of the Malaysian property play given that it has the best demand-supply balance among developed states.

Property in Penang has generally done superbly thanks to the pent-up demand and the limited amount of land bank on the island. E&OP has been shrewd and has been aggressively embarking on land bank acquisitions in premium areas to capitalise on the property boom.

You can read the full article here.

Some of the projects by E&O Property reviewed here in Property Malaysia are:
Idamansara
Seventy Damansara

We’ve been away for a few days, that would explain our lack of updates over the last few days. But we are back, and back with a vengeance.

Anyway, since May is over, we are updating the projects reviews page here. May was a good month, we did 8 reviews, a very high number, mainly due to us having a lot of free time during that period.

Anyway, the reviews were:

Olivia, Bandar Puteri Puchong
Setiahills, Ampang
Casa Kiara II, Mont’Kiara
Paramount View Condominium, Petaling Jaya
Casabella, Bandar Sunway
Taman Wangsa, Cheras
Hijauan Residence, Cheras
Nadia 2, Bandar Puteri Puchong