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KM Land Group’s One Residence @ Sekinchan stands tall above the landscape showcased as a new development. This has been a consolidated effort to see through the transition of a normal agriculture, fishing village into a serious contender for urban development.

One Residence @ Sekinchan, the first of its kind condominium development in a small coastal town in Malaysia stretches across 3.95acres of land, an iconic locale within Sekinchan. One Residence @ Sekinchan took center stage where it hosted its key handover ceremony on Sunday, 12th October 2014.

Present was Guest of Honour, Tuan Haji Azlan b. Md Alifiah-Chairman of Selangor Industrial Corporation, Y.B. Dato’ Teng Chang Khim-Selangor Senior State EXCO and YB Ng Sue Lim-Sekinchan Member of Parliament. Other notable VVIP’s were Ir. Zulkefli b. Hj. Khalid- General Manager of Selangor Industrial Corporation and Mr Kee Lian Yong,-Founder & Managing Director of KM land Group. The ceremony took place with a prosperous showcase of a cultural itinerary, the Lion Dance followed by a welcoming speech by Mr. Kee Lian Yong, the Founder & Managing Director of KM Land Group. “ It all started with a dream I had three [3] years ago when I received an opportunity to work with PKNS to develop a piece of land. With an aim to build and develop something different , to provide a comfortable home for the community at Sekinchan, and though there were many who opposed this idea initially due to it being risky, we have certainly gone through many challenges and we have made it successfully!” said Mr. Kee Lian Yong. “I am proud that we have achieved such excellence! I would like to thank YB Ng Suee Lim for his ongoing support in promoting the economic growth at Sekinchan as there are a lot of potential here” he added.

The highlight of the ceremony was the key handover to One Residence home buyers which was awarded by Selangor Senior State EXCO- Y.B. Dato’ Teng Chang Khim and accompanied by Mr. Kee Lian Yong. KM Land Group extends their deepest appreciation to new home owners Lim Mau Soon, Kee Sim Yong, Heng Hua Heng, Faudziah Binti Deya, Ahmad Azman Bin Abdullah, Ahmad Fuad Bin Zanudin, Tee Boon Seong, Tan Chee Lip, Chia Khia Yen and Cha Sun Sia.

The One Residence @ Sekinchan gives you a panoramic view of paddy fields, the Straits of Malacca, and the beautiful sunset, equipped with a 24-hour guarded security facility, full condominium facilities which includes an Infinity half Olympic-size swimming pool, jogging path, children’s playground, badminton/basketball multipurpose hall, and a fitness area. Consisting of 280 units of condominium apartments, with 7 units of 3 storey shop offices, the Block A is presumed to be completed by 3rd Quarter of 2014, while Block B to be completed by mid-2015. Launched in year 2011, with 100units sold out, Block A known as “Ally” has had 80% of the units sold to local residents while the rest were sold to investors. Having obtained the Certificate of Completion & Compliance (CCC) in August 2014, “Ally” is ready for vacant possession.

Following the successful take-up rate of Ally, One Residence @ Sekinchan has successfully sold 70% of the units at Block B, known as “Bliss”. “One Residence @ Sekinchan has now become a sought after residential development, as it integrates high quality living lifestyle within the development, while residents get to enjoy the pleasant countryside environment. With a Gross Development Value of approximately RM120 million, we know that this new eye-catching landmark will substantially bring economic development to the town,” he added.

About KM Land Group

Established in 2010, KM Land Group is a young, yet rapidly growing property developer with developments in mixed residential as well as other types of projects. Being young has equipped us with a diverse perspective, where the Group is able to look into finer details and acknowledge smaller potentials. KM Land Group’s development projects in Malaysia includes One Kesas, One Residence Sekinchan, SB Perdana and Sungkai Perdana, to name a few. Projects in the pipeline will be announced in Q4 of 2014. Every great milestone begins with small footsteps, a fact for which the Group is precisely known for - bringing integrated conceptual commercial and residential developments to sub-urban areas in an innovative attempt through improving social values and moving economic progress. The Group’s projects have since been the pride of landmarks in these growing towns, pushing them to be a step ahead always.

With a mission as a forward-looking company, it is important to commit to projects wholeheartedly and recognize potentials by injecting value creation, sustainable development and quality enhancement, as a stepping-stone for upcoming developments.KM Land Group vision is to be dedicated to bringing the best innovative ideas and conceptual designs to its developments, with a vision in becoming an internationally renowned property developer, innovator and trendsetter in future lifestyles.


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Association: Real estate prices depend on demand and supply

KUALA LUMPUR: The hullabaloo surrounding the impact of the goods and services tax (GST) on the property sector is unnecessary as it will be a one-off event and given time, the market will find its own level based on demand and supply, said four property consultants.

Association of Valuers, Property Managers, Estate Agents and Property Consultants (PEPS) president Datuk Siders Sittampalam said it was impossible for anyone to be specific about the quantum of increase in house prices as a result of GST.

“It is about 4% but it will be a one-off thing so house buyers should not be overly excited about it,” he said.

“By and large, there will be an immediate impact in the first couple of months but after that the market will find its level as a result of demand and supply,” said Siders during a press conference at the 24th National Real Estate Convention themed Real Estate in 2014: Issues, Perceptions and Review.

Siders is also property consultancy PPC International Sdn Bhd managing director.

There seems to be “a bit of confusion” with regards the GST with differing opinions with regards the quantum of increase on the different property segments, said PEPS vice president Foo Gee Jen.

He said the GST would play a part in raising prices but in the long run, it was the consumer who would decide whether he wanted to buy or not.

“If the consumer is not going to pay, the developer will have to absorb not only the GST but others costs as well. However, in the immediate three months or so after April 1, when the GST is imposed, there will be an immediate impact.”

 

Foo, who is also C H Williams, Talhar & Wong Sdn Bhd managing director, said he expected prices of the residential segment to increase by 4% and commercial developments by more than 6%.

A greater concern, said Foo, would be the commercial sub-segment.

A couple of weeks ago, it was reported that the Customs Department expected a 0.5% to 2% increase in house prices while the Real Estate and Housing Developers’ Association Malaysia maintained a 2.6% increase.

Organising chairman of the event Datuk Seri Mani Usilappan suggested property buyers to consider the secondary market if they want to avoid the GST element.

“About 80% of residential transactions are in the secondary market so if they do not want to pay GST, they should consider the secondary market,” Mani said.

On the overall high property prices, Mani said prices would dip if the economy did not perform, as there was strong correlation between the property market and the gross domestic product.

“Besides, the high prices are confined to the Klang Valley.

“The property markets in Ipoh and Johor Baru have been sleeping for a long time. It is only of late that prices are increasing.

“The thing is 90% of the attention is on the Klang Valley while 90% of the population are outside the Klang Valley,” said Mani.


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SHAH ALAM: i-Berhad, noted for its colossal 72-acre ultrapolis development i-City, is holding a pre-launch event for its latest New York-themed, high-rise residential tower - Liberty Tower @ i-City.

Held across two days at i-Gallery in i-City from Nov 1-2, the first part of the day on Nov 1 will be opened exclusively to registered customers where the selection of the units will take place.

The event will then be opened to the public from 11am.

Liberty Tower @ i-City has seen an overwhelming response from the public, due to the fact that the freehold residential tower is located adjacent to the 1.5 million sq ft Central Plaza Mall, and is connected via a dedicated pedestrian walk.

Residents will get direct access to over 450 retail, dining and entertainment outlets, giving them a true feel of New York City lifestyle.

Each unit is fully furnished and designed by a renowned interior design firm, tastefully decorating every aspect of the residential tower with a distinct modern New York twist.

Each unit will feature kitchen cabinets with hood and hob, wardrobes, air conditioners, TV sets and other interior furnishings.

Liberty Tower @ i-City is also linked to the i-City LRT Route 3 station which gives residents easy connectivity.

On top of that, the convenience of living in i-City keeps residents connected through various highway connections, such as the Federal Highway, NKVE, Guthrie Corridor Expressway and the proposed West Coast Highway.

Set to be completed in 2018, Liberty Tower presents a unique opportunity for residents to stay in a truly international hub, where i-City is MSC-certified and is set to be a self-sustaining ultrapolis with developments comprising of education, leisure, business and beyond are in the works - giving residents a true taste of metropolitan city life.

The event will be opened to the public on Nov 1 from 11am-6pm and on Nov 2 from 10am – 6pm.

For more information visit http://icona-icity.com.my/registration/index.php.

 

This article is facilitated by i-Berhad.

 


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