BY DAVID TAN
GEORGE TOWN: Berjaya Land Bhd, which has sold 40% of the Jesselton Villas bungalow lots at the Penang Turf Club (PTC), sees a stable market for luxury housing products in Penang.
Group executive director Eason Phan said as long as the developer came out with the right product for the discerning property buyers, there was demand.
“We have so far sold 40% of the 69 bungalow lots in sizes ranging from 5,995 sq.ft to 9,634 sq.ft with the average selling price of each lot at RM674 per sq.ft,” Phan said.
Phan said each lot was able to accommodate a bungalow with 5,000 sq ft built-up area.
“We will start the construction for the infrastructure in the final quarter of 2015, which will take 12 months to complete,” he said at a press briefing yesterday. These 69 units formed the first phase of Jesselton Villas known as Kensington Gardens. There are two more planned phases which are yet to be named.
The RM900mil Jesselton Villas project, sited in the heart of Penang Island, will see the 58-acre freehold land surrounded by lush vistas and a pristine forest hillside.
“One of the unique features of the development is that it has been designed according to the existing natural terrain with minimal physical change.
“In addition, the developer will undertake works to transplant more than 300 matured trees from the same site ito maintain the essence of sustainable green environment of the area,” Phan said.
He said the project incorporateds the finer elements of communal living features, which had transformed cities like Copenhagen, Stockholm and Amsterdam, where communities live and communicate freely, safely and seamlessly.
“Melbourne, New York, and even Paris are also emulating these strategic approaches to make their cities liveable and sustainable,” he said.
Berjaya’s property development division has been responsible for some of Malaysia’s most visible and sought-after developments, ranging from high end to affordable residential and commercial developments, with notable addresses at Seputeh Heights, Subang Heights, Bukit Jalil, Taman TAR and many more.
Berjaya has also made significant impact on property developments overseas, namely in Vietnam, South Korea, Japan, and China.
