KUALA LUMPUR: Boutique property developer CPI Land Sdn Bhd will debut its maiden premium landed residential development, Permata Heights, this July in Gombak, Selangor.
Spanning 20.58 acres within the established 105-acre Taman Bukit Permata township, the project is poised to enhance the developer’s market presence. The hillside development will be delivered in four phases, comprising 177 units of two- and three-storey super-link homes, semi-detached houses, and bungalows. A serviced apartment component is also planned, with further details to be disclosed at a later date.
Permata Heights carries an estimated gross development value (GDV) of RM557 million. The launch underscores CPI Land’s strategic ambition to diversify its residential portfolio and increase its footprint in the high-potential premium segment, with longer-term plans to expand into other Malaysian states.
Elsewhere in the market, UEM Sunrise Bhd (KL:UEMS) has announced the launch of Allegro, a new landed residential development within the Symphony Hills township in Cyberjaya. This project consists of 68 semi-detached units, with selling prices starting from RM1.8 million.
This edition also includes a special report on the limited supply of commercial property, featuring insights from leading real estate consultants on how this scarcity is influencing property values and investment prospects.
In the second part of our Strata Sense series, we examine the financial governance of strata properties, covering key aspects such as maintenance fees, sinking funds, and the importance of strategic budgeting. The article provides actionable best practices for fostering financial transparency and long-term sustainability in strata management.
Across the border, our Singapore desk reports that the family of the late architect Ho Kok Hoe has placed the prestigious Camden Park Good Class Bungalow (GCB) on the market with an asking price of S$55.888 million (RM183.3 million).
-The Edge Malaysia
