KUALA LUMPUR (June 1): Boutique developer CPI Land Sdn Bhd is set to launch its first premium landed residential development in Gombak, Selangor in July.

Dubbed Permata Heights, this 20.58-acre development sits on scenic highlands within the established 105-acre Taman Bukit Permata township. The development will roll out in four phases, featuring 177 two- to three-storey super-link homes, semi-detached houses and bungalows, alongside a serviced apartment project, with details to be announced later. The total gross development value is estimated at RM557 million.

With the launch of Permata Heights, the developer is looking to diversify its product offerings, especially in the promising premium residential segment, as well as expand the company’s footprint to other states in Malaysia.

In this issue, UEM Sunrise Bhd (KL:UEMS) announces the launch of its landed residential development dubbed Allegro this month. As part of the bigger Symphony Hills township development in Cyberjaya, the project features 68 semidees with selling price starting from RM1.8 million.

We also have a report about limited commercial property, where real estate consultants share their insights into the impact of these product types on property values as well as their prospects.

In the second instalment of our Strata Sense series, we delve into the complexities of managing strata finances, focusing on maintenance fees, sinking funds and strategic budgeting. The article also suggests best practices for achieving transparency and sustainability in managing the finances of strata properties.

Over in Singapore, our counterpart has a story about the family of late architect Ho Kok Hoe putting Camden Park GCB on the market for S$55.888 million (RM183.3 million).

Read all about it in the June 2 issue of The Edge Malaysia weekly.

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