31/07/2025

PROPERTY THURSDAY | JULY 31, 2025

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Suntrack’s Youniversal arrives in Alam Impian

Avaland buys prime site in PJ, plans commercial project SUBANG JAYA: Property developer Avaland Bhd has entered into an agreement to acquire a 2.2 acre prime development land in Section 13, Petaling Jaya, for RM49 million. Strategically located in the matured and affluent Petaling Jaya neighbourhood, the 2.2 acre site enjoys excellent connectivity and proximity to established public amenities and infrastructure. Adjacent to Plaza 33, the land is just 3km from University of Malaya and 16km from Kuala Lumpur City Centre, with convenient access to key destinations such as Mid Valley, Bangsar South, Asia Jaya LRT Station, and Phileo Damansara MRT Station, as well as major highways including the Damansara-Puchong Expressway and the Federal Highway. Subject to obtaining the requisite regulatory approvals, Avaland intends to undertake a high rise commercial development on the land, with an estimated GDV of approximately RM320 million. Avaland CEO Apollo Bello Tanco said, “We are excited about this acquisition as it represents a strategic step in expanding our presence within the vibrant and thriving township of Petaling Jaya. The encouraging response to our earlier developments across the Klang Valley reinforces our confidence in this location. “With its mature township appeal, excellent infrastructure, and proximity to key urban centres, this acquisition aligns with our long term strategy of delivering high-quality, sought after developments in prime growth areas across the Klang Valley.” He added that the upcoming development will form part of their AVA Prime series, which is dedicated to delivering thoughtfully designed, premium homes tailored to meet the needs of professionals and growing families. “We are confident that this addition to our landbank will further strengthen our develop ment pipeline and contribute positively to the group’s long-term earnings” Tropicana showcases Skypark Kepler units JOHOR BAHRU: Property developer Tropicana Corporation Bhd continues its momentum for Skypark Kepler, its first branded and most luxurious residences in collaboration with the Banyan Group at Lido Waterfront Boulevard, Johor. In November 2024, Tropicana held a groundbreaking ceremony with China State Construction Engineering, followed by partnership signings with Banyan Group, Samsung, and Kohler to develop residences with premium fittings. In May 2025, Tropicana appointed global architecture firm – Skidmore, Owings and Merrill to lead the Lido masterplan trans formation, which is located within the Johor Bahru Waterfront Zone. Recently Tropicana hosted Skypark Kepler’s official opening, showcasing its brand-new show units as well as its upgraded property gallery. These 54-storey towers offer purchasers with a choice between fully furnished or semi-furnished designer units. Tropicana has partnered with MBSB Bank to provide financing and tenures of up to 35 years for eligible purchasers, together with a special preferential rate. Tropicana marketing & sales and business development managing director Ixora Ang said, ““We began the Lido master plan years ago, aiming to create Johor’s future Metropolis. It will be our Southern crown jewel, blending 7 key components with excellent connectivity and sustainable smart city living.”

In a recent statement, Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said that the highest decrease was observed in Pahang (-3.1%), followed by Sibu (-2.5%) and Penang, Kedah & Perlis (-2.1%). However, he added a slight increase was recorded in several areas including Selangor, W.P. Kuala Lumpur, Malacca & Negeri Sembilan (0.4%), while Miri registered a rise of 0.3%. Mohd Uzir said that the unit price index of steel and metal sections showed a decline in June 2025, with month-on-month change ranging from -0.2% to -0.7%. This decrease, he said reflects a moderate softening in the prices of metal and steel materials in the market. In addition, the unit price index of cement recorded a marginal increase in June 2025, ranging between 0.1% and 0.2% as compared to the previous month. This increase was observed across all areas SHAH ALAM: Suntrack Development Sdn Bhd continues to champion designs for people with dynamic living and accessibility needs across Malaysia. Best known for multi-generational and low-density vertical homes, the homegrown developer is expanding its signature Youniversal design concept to the suburban township of Alam Impian, with its newest development Erat Residence. “We understand that people go through different life events that sometimes require a shift in accessibility needs around the home. This could manifest in a family member’s evolving health needs at any age which impacts mobility or an ageing family member. As developers, we must normalise designs that facilitate inclusive accessibility and ageing in place,” Suntrack Development Sdn Bhd CEO James KK Tan explains. Erat is a freehold, low-density condo minium, situated on a 4.49-acre compound. With a GDV of RM173.36 million, the development features 269 units with built-ups ranging from 1,098 sq ft to 2,206 sq ft. Erat is competitively priced from RM598,000 to RM1.2 million and slated for completion in Q4’28. Driven by MAGIC (Multi-Ability, multi Generational Inclusive Community), a term coined by Dr Bill Thomas, Erat is spatially designed with features to facilitate ageing in place. Within each unit, subtle multi-ability features are built-in including 900mm-wide door frames which are wider than standard homes and a spacious floor layout in bedrooms, doorways, bathrooms and the kitchen to facilitate the turning radius of strollers or wheelchairs. There is also a minimum ë oor drop with ramps at unit o Developer expands its signature design concept to township’s latest development, Erat Residence

Erat is a freehold, low-density condominium designed to support residents with diverse mobility and accessibility needs.

Portland cement also showed a slight increase (0.2%), with an average price of RM23.80 per 50kg bag as compared to May 2025 (RM23.75 per 50kg bag). BCI with steel bars for all building categories in Peninsular Malaysia recorded a decrease between -0.1% to -1% in June 2025 as compared to the previous month. The decrease for BCI with steel was recorded for almost all building categories in Penang, Kedah & Perlis, Pahang and Terengganu & Kelantan. BCI with steel bars in Sabah also registered a slight decrease between -0.3% to -0.7% for almost all building categories in Kota Kinabalu and Tawau in June 2025 as compared to the previous month. Meanwhile, BCI in Sandakan recorded a rise of 0.1% for almost all categories of building. A monthly comparison of BCI with steel bars in Sarawak also recorded a slight decrease between -0.5% to -1.1% for almost all categories of buildings in Sibu. Meanwhile, BCI in Kuching and Miri recorded an increase between 0.1 and 0.2% for almost all categories of building. to match M40 and B40 affordability. “I believe we can expect a steady, demand led uptake, especially in freehold, low density, inclusive-living segments. This is why we are confident that Erat is positioned well in-line with the market’s needs, particularly with its pricing and financing packages which accommodates first-time families and retirees,” Tan said. Speaking about pipeline projects, Suntrack shares that it is preparing to unveil new projects in Q1’26 which include an affordable housing development in Setia Alam and an industrial warehouse and factory develop ment in Sepang. Erat comes after the successful uptake of two other Suntrack developments in Setia Alam. These are Tuai Barat Residence, which completed its delivery of vacant possession in 2024, and Tuai Timur Residence which sold out in 2024 and is on track for completion by 2026.

An annual comparison for the period of June 2024 and June 2025 indicated that the unit price index of cement increased between 0.3% to 3.7% for across most areas in Peninsular Malaysia, Sabah and Sarawak. The highest increase was observed in Johor (3.7%), followed by Tawau (3.6%) and Penang, Kedah & Perlis (2.5%). Nevertheless, the year-on-year comparison of the unit price index for steel recorded a decline ranging from -5.1% to -15.5% in June 2025 as compared to the same month last year, involving most areas in Peninsular Malaysia, Sabah and Sarawak. Mohd Uzir also 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 increase (0.1%) with an average price of RM3,480.10 per metric tonne as compared to the previous month (May 2025: RM3,476.75 per metric tonne). In addition, the average price of Ordinary entrances and toilets to enhance mobility. The multi-ability features seamlessly spillover into the property’s shared spaces with mobility-friendly common areas, and the integration of tactile tiles, and braille signage. Speaking on the property industry’s performance, Suntrack adopts a cautiously optimistic outlook with the continuation of the year’s stable growth into the second half of the year. This is supported by robust transaction volumes in early 2025 and upbeat sentiment from Rehda and consultants. Malaysia recorded decade-high quarterly transactions (70,520 units in Q3’24), with remaining overhang at its lowest in seven years—indicating strong absorption and limited resale pressure. “Uptake of strata and landed homes under RM500K to RM700K is projected to stay firm. In this vein, majority of launches are targeted towards this segment, with pricing designed

Unit price index for steel down slightly in June PUTRAJAYA: The unit price index of steel recorded a slight decrease in June 2025, ranging from -1% to -3.1% as compared to the previous month. in Peninsular Malaysia as well as in Sabah and Sarawak, indicating a relatively consistent upward trend across the areas.

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