By Sharen Kaur
sharen@nstp.com.my

THE market for residential properties has softened since the beginning of this year and is likely to continue into 2009, market experts say. The potentially negative influence on the sector is supply, said real estate valuer Regroup Associates Sdn Bhd executive chairman Christopher Boyd.

In a recent survey undertaken by Regroup, it showed that there is an existing supply of 19,183 condominium units in Kuala Lumpur, with 13,902 units more under construction.
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This year’s The Edge’s Top Property Developers Awards have been announced and the top players in the industry are honoured last night. This year’s awards have been expanded to include non-listed property developers, besides companies listed in the property sector on both the Main and Second Boards of Bursa Malaysia, so this would be much more interesting as we would be able to see more developers in the ranking. Here’s the top 10, in alphabetical order: -

• Bandar Raya Developments Bhd (Troika, CapSquare, One Menerung)
• Bandar Utama City Corporation Sdn Bhd (Bandar Utama, One Utama)
• Boustead Properties Bhd (Mutiara Damansara)
• E&O Property Development Bhd (Dua Residency, Idamansara, Seri Tanjung Pinang)
• IGB Corporation Bhd (Midvalley City, Hampshire Place, One Jelatek, Cendana)
• IOI Properties Bhd (Bandar Puteri Puchong, IOI Mall)
• Island & Peninsular Sdn Bhd (Seri Beringin Damansara)
• S P Setia Bhd (Setia Eco Park, Setia Sky Residences)
• Sunrise Bhd (MK10, MK11, Solaris MK)
• Sunway City Bhd. (Sunway Vivaldi, Palazzio)

The full details of the ranking will be published in the Sept 1 issue of The Edge weekly. I can’t wait to read the special pullout. Am curious to see if SDB made it to the top 30.

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29-08-2008: The Edge honours top property developers

by Jack Miles

Sunway Vivaldi, an avant-garde development by one of Malaysia’s most influential developers, Sunway City Berhad (SunCity), is now available for sale in Hong Kong. SunCity is a publicly listed Malaysian company armed with numerous international awards and accolades. Colliers International has arranged several seminars and an exhibition for this brand new residential project by SunCity at Mandarin Oriental Hotel from 18 to 20 April 2008.

 

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With Binaderas ‘ Seni Mont Kiara playing with ‘affluent’ names by naming its blocks from Monet, Mozart and what not, Suncity decides to follow the trend and name its latest offering, Sunway Vivaldi. Sunway Vivaldi is their latest condominium offering after Casa Kiara 2 and Palazzio at Sri Hartamas. The location for Sunway Vivaldi is just down the road if you are coming from Sri Hartamas side towards Mont’ Kiara side (Jalan 19/70A), right after their own Kiara Hills bungalow development. The land has been cleared for the longest time and had no activity until recently and finally the billboard was up. The development is also being launched in Hong Kong (see report below).

Location

While the immediate location is not so favourable, higher floors facing Hartamas side will definitely have unblocked views of KL city skyline and I would expect these to be priced at premium and would be the first ones to go too. The location this development is sitting is a plot where it has power lines at one side, and Penchala Link highway on the other. Having said that, with so many development popping up in Mont’ Kiara, a good view is harder to get by the day.

Click for larger pic

As with any other Sunway development, existing buyers may be entitled to the 3% rebate under its PALS programme. I will need to confirm this though. That’s all the details I have now, but will definitely pay the office a visit for a full picture, so stay tuned!

17th April 2008 – Site plan & floor plans update, after the jump.

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