This article first appeared in City & Country, The Edge Malaysia Weekly on November 5, 2018 - November 11, 2018
Foo Gee Jen
Managing director, CBRE | WTW
Immediate past president of PEPS
Horizon Hills has consistently delivered high international quality products and high capital appreciation year after year. Little wonder that more than 40% of its homes are owned and inhabited by its international community.
Phase 2D3 was the clear winner based on the capital appreciation achieved by the five subsale properties submitted for consideration. The average annual appreciation of the five properties was 16%, ranging from 4% over 4.6 years to 27% over two years. Capital appreciation per unit averaged 35%, between 18% over 4.6 years and a high of 53% over two years.
What makes Horizon Hills stand out is its preservation of the topography and environment, low density, generous green spaces and large water bodies.
Much of the winning factors and capital appreciation achievement of Phase 2D3 is attributable to the branding of the Horizon Hills township, its 200-acre golf course and 150,000 sq ft country clubhouse, comprehensive facilities and amenities, and excellent connectivity and accessibility.
Choy Yue Kwong
Immediate past chairman of property surveying division,
Royal Institute of Surveyors Malaysia
Past president of PEPS
In spite of the challenging property market, these two recipients — Horizon Hills (Phase 2D3) 2-storey link houses in Johor and Alpine @ M Residence 2 in Rawang — have been awarded for their value creation. Each of these two schemes has its own merits. However, there can only be one winner and after much deliberation, the judges picked Horizon Hills Development’s entry as the winner and gave Mah Sing’s entry the merit award.
My heartiest congratulations to both the developers.
Michael K K Kong
Registered valuer, MacReal International Sdn Bhd
President of PEPS
This year’s winner Horizon Hills, Phase 2D3, is fringed by SIREH Park (a recreational open space). Its serene atmosphere is one of the contributing factors to the average 16% capital appreciation per year.
Well planned with excellent connectivity and accessibility, Horizon Hills will continue to shine as a beacon of development standards and excellence in Iskandar Puteri due to the developer’s commitment to quality, respect for nature and environment as well as good corporate philosophy.
The merit award winner Alpine @ M Residence 2 in Rawang offers gated community living with high-standard security features. It is complemented by communal facilities and amenities with beautifully landscaped parks. Rawang is a growing development corridor. With good management and maintenance culture, I believe Alpine @ M Residence 2 will provide residents in the area with an excellent living environment.
Methodology
The award is aimed at helping consumers find properties that have the greatest value creation in terms of capital appreciation and recognising the developer whose properties have achieved the highest value creation.
Judging criteria:
A) The average capital appreciation derived from the property developer’s selling price to the actual transacted price or deemed market value of any subsequent sale of five properties.
B) The average capital appreciation per year over a period of not more than five years, derived from the average capital appreciation as stated in the criteria above.
C) Qualitative attributes based on the occupancy rate, master planning and the sustainability of value.
Scores are tallied based on a weightage of 65% for criteria A, 15% for criteria B and 20% for criteria C. The five-member judging panel comprised three representatives from the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) and two from The Edge.
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