Good response seen for green homes

Malaysia Property News by Bernard Yong on Jul 11, 2007

By THE STAR

PUTRAJAYA: Half of Putrajaya Perdana Bhd's D'Heron at the Lakes should be sold by the time the company launches the "green homes" in September, said senior general manager Mak Hong Seng.

The construction and property developer's latest project comprises 19 energy-efficient bungalows on 6.4 acres overlooking a lake in Putrajaya's Precinct 16.

Mak said at a media preview yesterday the bungalows would be equipped with building integrated photovoltaic (BIPV) panels to generate electricity to supplement owners' consumption.

The homes are made energy-efficient as heat transmission into the buildings is minimised by having large roof overhangs, thermally insulated roof, walls and low-emission glass windows.

"We have started constructing four units, of which some are already sold or to be turned into a show unit. The remainder will be available for sale once construction of the show unit is completed next month.

Mak Hong Seng

"The bungalows, with lot sizes of 10,000 sq ft to 16,000 sq ft, will have built-up areas ranging between 4,604 sq ft and 4,897 sq ft. There are five designs to choose from," he added.

The bungalows are priced between RM2.9mil and RM3.7mil. The entire project has a gross development value (GDV) of RM54mil.

Putra Perdana Development Sdn Bhd general manager Bu Teng Cheng hoped all the units would be sold off in six months. Putra Perdana Development is a wholly owned subsidiary of Putrajaya Perdana.

"About 30% of the units are reserved for civil servants and we hope to attract retirees for these homes," he added.

Mak said the company also welcomed purchasers from other countries. As D'Heron at the Lakes is a niche development, the company will arrange special preview for selected groups of buyers.

Putrajaya Perdana has a landbank of 136 acres in Putrajaya, with 113 acres in Precinct 16 and the rest in Precincts 2 and 3. It also has small parcels of land in Malacca.

Mak said the land in Precinct 16 would last between five and eight years with an estimated GDV of RM700mil.

"The company is focused on constructing energy-efficient buildings, so property development accounts for a very small percentage of revenue. For the financial year 2008, we are targeting for property development to contribute 10% of revenue," he said.

Bu said as work on D'Heron at the Lakes took off, 49 more energy efficient bungalows were being planned in Precinct 16. Good response seen for green homes