03/07/2025

PROPERTY THURSDAY | JULY 3, 2025

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Unit price index for steel slips in May o Latest reading marks fifth consecutive month of decline for building material

PETALING JAYA: The unit price index of steel showed a decrease between -0.1% and -3.1% in May 2025 compared to the previous month, according to Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin. The highest decrease was recorded in Miri (-3.1%), followed by Tawau (-2.4%) and Selangor, Kuala Lumpur, Malacca & Negeri Sembilan (-2.3%). The unit price index of this material has recorded a decline for five consecutive months. Mohd Uzir said the unit price index of steel and metal sections showed a decline between -0.1% and -3.5% in May 2025 compared to the previous month. The highest decrease was recorded in Miri (3.5%), followed by Penang, Kedah & Perlis (-1.2%). Meanwhile, the price index per unit of cement remained unchanged for almost all areas in Peninsular Malaysia, Sabah and Sarawak. On the contrary, the unit price index for this material recorded a slight increase in several areas namely Selangor, W.P. Kuala Lumpur, Malacca & Negeri Sembilan (0.4%) and Penang, Kedah & Perlis (0.3%). An annual comparison for the period of May 2024 and May 2025 indicated that the unit price index of cement increased between 0.1% to 3.5% for almost all areas in Peninsular Malaysia, Sabah and Sarawak. The highest increase was recorded in Johor and Tawau (3.5%), followed by Pahang (3.3%). Nevertheless, an annual comparison of the unit price index of steel recorded a KUALA LUMPUR: For the third year in a row, SkyWorld Development Bhd has received global recognition at the Fiabci World Prix d’Excellence Awards 2025, this time earning the World Silver Award in the Residential High Rise category for its parkfront development SkyLuxe On The Park Residences in Bukit Jalil. The company previously secured Gold Awards for SkyAwani 2 and SkyAwani 3 Residences in the Affordable Housing category at the 2023 and 2024 editions of the same awards, highlighting its consistent performance on the international stage. “We are proud to be recognized in a new category, extending our success in affordable housing to include excellence in high-rise residential developments. Winning the Fiabci World Prix d’Excellence Award for the third JOHOR BAHRU: A new lifestyle destination has arrived in Johor with the launch of Amberwood Resort Residences, an exclusive development born from a strategic collaboration between PIJ Property Development Sdn Bhd (PIJ Property) and Fiamma Holdings Bhd (Fiamma), with Chin Hin Group Property Bhd (CHGP) appointed as the project manager. This partnership brings together local expertise, corporate strength and industry experience to deliver a resort-inspired living concept tailored for today’s urban lifestyle. The Amberwood Resort Residences sales gallery is now open to the public, offering a first look at the thoughtfully crafted serviced apartments designed for a new generation

decrease between -2.2% to -15.5% in May 2025 as compared to the same month last year for almost all areas in Peninsular Malaysia, Sabah and Sarawak. Mohd Uzir said that the average price per unit of steel, consisting of mild steel round bars and Mycon 60 high tensile deformed bars recorded a slight decrease (-0.4%) with an average price of RM3,476.75 per metric tonne as compared to the previous month (April 2025: RM3,490.80 per metric tonne). Meanwhile, the average price of Ordinary Portland cement showed a slight increase (0.2%), with an average price of RM23.75 per 50kg bag as compared to April 2025 (RM23.70 per 50kg bag). BCI with steel bars for all building categories in Peninsular Malaysia recorded a decrease between -0.1% to - 0.9% in May 2025 as compared to the previous month. The decrease for BCI with steel was recorded for almost all building categories except in Perak. BCI with steel bars in Sabah also registered a slight increase between 0.1% to 0.3% for almost all building categories in Kota Kinabalu and Sandakan in May 2025 as compared to the previous month. Meanwhile, BCI in Tawau recorded a decrease between 0.3% to 0.7% for almost all categories of building. A monthly comparison of BCI with steel bars in Sarawak also recorded a slight decrease between -0.1% and -1.6% for almost all categories of buildings except in Kuching.

SkyWorld scores third win at Fiabci global awards

MTD kicks off two projects in Malacca AYER KEROH: MTD Properties Sdn Bhd is set to develop two property projects here, comprising residential and industrial units, with phased construction expected to begin this year. MTD group CEO Reime Rizal Abd Aziz stated that the projects – to be developed in Taman Tasik Utama, Ayer Keroh – are the MTD Nexus 28 Industrial Park, slated for launch in August, and MTD Elysia Heights in October. “The development of MTD Nexus 28 Industrial Park will be a modern industrial estate equipped with smart systems and solar PV panel installations to support sustainability. The project will involve 87 industrial units or factory lots, primarily targeting the small and medium enterprise sector. “Meanwhile, MTD Elysia Heights is a residential development comprising 197 units designed with a contemporary concept – offering stylish living, comfort, and long-term value to buyers who prioritise quality of life in a strategic location. The development will complement the overall township plan for Taman Tasik Utama,” he told Bernama. Reime Rizal said the two property projects will span approximately 8.89ha, with each expected to be completed within two years of commencement. In terms of pricing, the industrial units at MTD Nexus 28 Industrial Park will start from RM650,000 per unit, while the residential units at MTD Elysia Heights will be priced from RM430,000 each.

surrounding landscape. SkyLuxe On The Park Residences has also received broad industry recognition for its design and construction quality. With an impressive 85% QLASSIC High Score in 2020 under the High-Rise Residential Category, it achieved the highest score in Malaysia that year. QLASSIC (Quality Assessment System in Construction) is Malaysia’s national standard for measuring workmanship quality based on the Construction Industry Standard (CIS 7), administered by the Construction Industry Development Board. This latest recognition adds to a growing portfolio of sustainable, design-led

consecutive year is a meaningful milestone for all of us at SkyWorld. It shows that our focus on building future-ready, quality homes continues to make a positive difference in people’s lives. SkyLuxe On The Park Residences was designed with this in mind, from thoughtful layouts to seamless access to green spaces. We are happy to see it become a place that homeowners are proud to call home,” said CEO Lee Chee Seng. Completed in February 2020, SkyLuxe On The Park Residences consists of 477 units across two 44-storey towers on a freehold parcel next to Bukit Jalil Recreational Park. The project achieved 100% take-up and recorded 87% occupancy as of 2023. Its distinctive “dancing towers” design, sky terraces, and varied balcony layouts introduce architectural variety while complementing the seeking warmth, tranquillity and exclusivity in city living. Strategically located in Larkin, Johor Bahru, the 3.49-acre leasehold development comprises 824 serviced apartment units across two towers – 490 units in Tower A and 334 units in Tower B. Conceived as an urban oasis, the residences blend natural elements with private living environments. Units range from 1+1 to 3+1 bedrooms, with built-ups between 560 sq ft to 872 sq ft, and prices starting from RM390,000. Each unit is fitted with a smart home system, enabling residents to control lighting, air-conditioning, and security features for a seamless and secure living experience. Amberwood Resort Residences is a result of

developments that promote liveability, resilience, and long-term value in urban communities. Amberwood Resort Residences – new lifestyle address in Johor

the strong synergy between three industry players. PIJ Property brings in-depth knowledge of Johor’s development landscape and a deep understanding of local community aspirations. Fiamma contributes with its robust corporate capabilities and proven track record in property development. Meanwhile, CHGP as project manager, ensures that every aspect of execution and marketing aligns with the brand’s high standards of quality and excellence. With its strategic location, comprehensive amenities, and thoughtfully designed resort inspired living concept, Amberwood Resort Residences is poised to become one of Johor’s most sought-after addresses.

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