The tightening of bank lending by Bank Negara with 70% third housing loan cap limit seems
to have weeded out some speculation in the property market as the number of loan
applications for residential properties had reduced since end 2010. The property market
is reasonably healthy with housing property prices expected to continue to rise especially for
landed homes and may drive buyers, in particular first time home buyers to more affordable
housing schemes in less preferred locations
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PJD seeks to adopt the Green Building Index ("GBI"), an environmental rating system
for buildings developed by Pertubuhan Akitek Malaysia ("PAM"). At PJD, we remain ever
watchful for innovations and systems in housing development that can improve the way we
work and live. We believe that "green engineering" is the way forward. We are planning some
exciting ground-breaking developments in 2011 by delivering products that will enrich our
customers' overall experience. PJD continues to raise the bar in living standards whereby
communities of our developments are afforded opportunity to own quality homes, stay in
a safe and secured environment and enjoy a higher quality lifestyle. This is translated by
changing how we define and design the properties that enhance living styles, improve security
and provide beautifully designed properties with much potential for capital appreciation.
Our prestigious development, Bukit Istana in Kuantan, Pahang was awarded the 'Creative & Innovative Development Award 2010" by Majlis Perbadanan Kuantan in December 2010.
As one of the premier property developer in the region, PJD's achievement and accolades have
reinforced the Group's years of commitment towards innovative and sustainable building
initiatives throughout the nation.
YOU-CITY, a 20.6 acres integrated mix-use development in CHERAS exemplifies transforming
lifestyle 'city-within-a-city' concept that comprises residential, recreation and commercial
components strategically within the routes of the upcoming MRT line. YOU-CITY offers homes
that are easier for the younger generation to own whilst enjoying a comprehensive modern
living solution. The Group aims to unveil Phase 1 of mixed development with a Gross
Development Value ("GDV") of approximately RM 150 million by the fourth quarter
of year 2011. The overall GDV of the entire YOU-CITY development may be over RM 1billion.
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Next in Subang USJ is TRIBECA, an exciting new lifestyle mix-use development that will promise a premier living experience with its design savvy residential and commercial components. This development is a new residential "green building" in the Subang vicinity where central to the concept idea is the environmental design approach to create a distinctive high quality development that responds well to the tropical climate and urban context. This development is located near the planned LRT extension to connect the area to the existing network of LRT-KTM-MRT transport services with a GDV of approximately RM 200 million. It is targeted to be launched by first quarter of year 2012.
Moving up north in HARBOUR PLACE, Butterworth's first Metrocity developed by PJD saw encouraging response during the preview launch of WELLESLEY RESIDENCES in July 2011. This development with a GDV of approximately RM 115 million on 2.28 acres comprising over 400 units condominium apartments in two tower blocks of 30 and 27 storey have a good product mix of standard units and penthouses.
Our next venture in East Coast is SWISS-GARDEN RESORT RESIDENCES in Sg. Karang, Kuantan on 22 acres, adjacent to our very own Swiss-Garden Resort & Spa Kuantan. Phase 1 of the development will consist of Resort Apartments, Town Villas, Studio units, 2-Bedroom units, Duplex Townhouses and business kiosks. This development with a GDV of approximately RM 82.5 million is targeted to be launched by the third quarter of year 2011.
Down South in Taman Putri Kulai, the 1-storey link "Botanic Homes" was completed and Parcel 10G of 2-Storey "Grow Homes" and single-storey "Melody Homes" was launched. The grand new products at Mont Callista are Phase 3 of 2-Storey Semi-Detached "Park Villas" launched in April 2011 and 3-storey Semi-Detached "Garage Homes" which will be the next launch.
www.pjdprop.com.my
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