High-TechParkLogisticCentre
and theKampungAchehCentre
of Collection andDistribution.
TEMANis envisioned tobecome
amajor catalyst of the agricultural
sector inPerak and amodern
one-stopdistribution centre,
likewiseKampungAcheh, d
evelopedby thePerakHalal
Corporation (PHC).
Other industrial and agricultural
areas inPerak includeBeriah,
Chenderiang, Ipoh, Gopeng,
Menglembu, Chemor, Bidor, Lumut,
BukitMerah, Tapah, Sitiawan, Teluk
Intan,Manjung, Grik etc.
QUOTASANDREGULATIONS
Published reports state that the
imposed 30%bumiputera housing
quota for newhousingprojects in the
past is nowhandled in a flexible
manner, adjusted according to ethnic
proportion indifferent areas.
Perak stateHousing andLocal
Government Committee chairman
Datuk SaaraniMohamadwas quoted
as saying: “It is no longermandatory
to reserve 30%units for bumiputeras
in all cities and townships. The quota
couldbe as high as 50%inLenggong
andCentral Perak, which is high in
bumiputera population, and as lowas
10%in areas highwithChinese
population like inKampar and Ipoh.”
He added that a report has been
submitted to thePerak executive
council for it tomake a decisionon
the quota imposed for newprojects.
JULY 25, 2014
T
HERE
ismuch going on
in the state of Perak,
especiallywith the
government heavily
promoting itsVisitMalaysiaYear
campaign, themed “Celebrating
1MalaysiaTrulyAsia” for 2014.
In the last two articles, we covered
transformationplans by the
government and state authorities
plus anoverviewof themany
fascinating and interesting towns, its
history andpicturesque landscapes.
Thisweek, we examine some of the
state’s residential, commercial,
industrial and agricultural
development projects.
RESIDENTIAL ATTRACTIONS
Asubsidiaryof ImpianaGroup,
RimbunanRaya SdnBhd is a
development firmthat is active in the
Ipohproperty scene, known for its
niche residential developments, that
includeTheEnclave. The joint
venture project is valued at RM60
million ingross development, an
exclusive residential project along
JalanSultanAzlanShah (also known
asTiger Lane). It consists of 16 three-
storey semi-dhouses and 29
bungalows. Its locationnext to the
Royal PerakGolf Club and just
minutes away fromthe SultanAzlan
ShahAirport raises its value, sonot
everyTom, Dick andHarry can
afford it.With the success of Enclave
1, comes Enclave 2 – boutique
residences in an exclusive guarded
neighbourhood, hiking the property
prices up in this part of Ipoh. Look
out for the upcomingproject by
AndamanPropertyManagement Sdn
Bhd in the same vicinity, a luxury
condominiumdevelopmentwith a
GDVof RM300million.
TheLakesideMansions are the
talk ofmore than just the town. The
award-winning integrated resort
township is designedwith luxury
living inmind. Purchase a property
here and receive picturesque
landscapewith limestone hills and a
serene 10-acre lake as backdrop.
DevelopedbySunway Integrated
Properties,MontBleu residence is
another development that has caught
attention. This project offers lush
green surroundings, three-storey
townhouses and an iconic 25ftwide
backyard – a feature seldomfound
these days.
Alsobe sure to check out property
inSeriManjung, knownas theVenice
of Perak (although river canals and
gondolas are nowhere tobe found).
Those looking for an island
retirement should look at Pangkor
Island’s offerings. Homes here are
mostly semi-d’s, bungalows and two/
three-storeyhouseswith lots of
beach-front land andproperty for
sale. The town, thoughnot thriving
andbustling, does provide an
antidote to thosewhoneed some sort
of retail therapy. The coastal townof
Lumut is another option, an ideal
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establishedbusiness district
ideal forwork andplay. It is
also the first dedicated fibre-
optic readydevelopment in
Ipoh city.Mention Jelapang
Square and eyebrows risewith
wordof Starbucks opening its
first drive-through concept
store next year. University
Square
@
Kampar is an integrated
commercial hub comprisingThe
Pavilion shop-offices andTheDisney
concept retail shop lots. It alsomakes
roomfor a three-star hotel, a college,
anoffice tower, 24-hour F&Boutlets
and the anticipatedDisneyland
Castle. Locatednearby areUTAR
andTARcolleges andWestlake
International School.
INDUSTRIAL AND
AGRICULTURAL EXPANSE
Pecohor PerakEco IndustrialHub
is a joint venture project between
PEIHHoldings SdnBhd and
PerbadananKemajuanNegeri Perak,
located inBaganDatoh, on reclaimed
agricultural land. It centres on the
steel and iron industries. This project
is in linewith the state’s objectives of
developingAman Jaya, Teluk Intan,
Hilir Perak, BaganDatoh andother
areas, tobe developed as strong
economic contributors.
ThePerakHalal Parkdeveloped
andmanagedbyMajuPerakHoldings
Berhad is another interesting
development project. There are
two such “parks” among others,
at TanjungTualang andKeramat
Pulai. Both are segmented into zones
– agricultural, industrial, commercial
and residential, anddesigned to serve
the halal industry locally and
internationally. There is also the
PerakCentre of Collection and
DistributionHub located in the
KintaValley area nearCameron
Highlands. It comprises theNational
FoodTerminal (TEMAN); Tesco,
Giant andMydindistribution
terminals; thePerakAgroPark,MSC
Cybercentre
@
MeruRaya, thePerak
>Real estate offerings, appealing environment and economic boosters
PART 3
Perak
in the
light
place for sun, sand andquiescence.
There is awide range of residential
types available here, less than 100km
fromIpoh, just 12kmfromSitiawan,
and the gateway toPangkor Island.
COMMERCIAL CACHE
While Ipohneeds no introduction,
the leading townwhere residentials
and commercials are concerned, Slim
River, in theTanjungMalimdistrict,
is fast developing. Recently, the
AndamanGroup announced its
foray, transforming this town into a
commercial hub through itsTaipan
@
SlimRiver development project. This
venturewill serve the 100,000people
of SlimRiver and those in the
surrounding territories of Sungkai,
Trolak andBehrang.
Another commercial hub is found
inBandarMeruRaya, northof Ipoh.
It is home to governmentministries
anddepartment offices aswell as
shop lots andoffice spaces. Also
developedby theAndamanGroup
areTaipan
@
IpohCybercentre and
TaipanFestivalMall, offering three-
storey semi-d andbungalowshops.
GreentownBusinessCentre, northof
Ipoh is another commercial hotspot,
ideally located6kmfromthe north-
southhighway and 10kmfromthe
Ipoh-Lumut highway. It is also just
off themain roadof JalanRajaDihilir,
whichhas access tomanymajor
roads. BascoAvenue is another
Guidelines for real estate
developers on bumiputera
reserved lots – approved
and applied to projects from
Jan 1, 2014.
Properties under RM350,000
will have to provide a 5%
discount for bumiputeras and
those aboveRM350,000will
need to provide a 7%discount
for bumiputeras.
For any unsold bumiputera
reserved lots, the same
percentagemust be payable to
PenubuhanTabungAkaun
AmanahHarta Bumiputera or
Bumiputera PropertyTrust
Fund (AAHB) upon the release
of the lot for sale to non-
bumiputeras.
Developers can apply for a
50%release on any unsold
bumiputera reserved lot upon
70%completion of construction,
that is, up to the roofing stage,
the balance 50% immediately
upon attaining theCFO/CCC.
The sub-condition that the
balance 50%release uponCFO/
CCC is conditional upon all non-
bumiputera lots being 100%sold
which shall be interpreted to
exclude any undesirable lots.
The bumiputera reserved lots
shall be endorsed on title andnot
as a “restriction of interest in
title”. Bumiputera reserved lots
that are sold to bumiputeras can
only be re-sold to bumiputeras
thereafter.
X
X
X
X
(Compiled by REHDA Institute as at July 3, 2012)
STATE GUIDELINES ON BUMIPUTRA QUOTA
Bumi quota
Discount
Endorsement on title
30%of state alienated
land and 20% for
private land
Not less than 5%
discount except
for low cost
No endorsement on title but MB
consent required for sub-sale of
Bumiputera lots
Basco general manager Che Fisol
Abdul Hamid.
