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Finally, space is made affordable Finally, space is made affordable
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By Gunaprasath Bupalan

The debate on affordable housing has been going on for almost a decade now, where many have lost all faith in purchasing proper affordable homes without sacrificing either space or quality.

Over the past five years, we have seen many developments touting affordable homes, but a careful reading of the fine print often shows that the affordability comes at a price. They are usually shrunk to what can be called “shoebox homes”, wherein buyers are convinced that space is not a priority as they are compensated by lifestyle elements. For those who can’t compromise on space though, there is good news to come.

Not wanting to be another developer of the garden-variety, United Malayan Land Bhd, through its subsidiary Kia Ace Development Sdn Bhd, has finally unveiled its most anticipated project of the year – Albury Homes @ Mahkota Hills, Semenyih.

Albury, which will be launched this month, is a freehold gated-and-guarded development with single and double-storey terrace homes designed with the family in mind. The single-storey homes will offer a well-designed 1,223sq ft liveable space with three bedrooms and two bathrooms. The ample car porch space allows occupants to park two cars comfortably.

In its latest update, the developer said it is considering launching this project below RM340,000 for non-bumiputra lots and below RM295,000 for bumiputra lots.

This initial package has been creatively designed with first-time home buyers in mind, making them truly affordable homes.

If you do the math, buying a home at Albury would cost you between RM240psf to RM280psf. For first-time home buyers, with a 10% downpayment (for which the developer is offering some creative packages) and a maximum loan repayment of 38 years, you would be looking at a monthly commitment of approximately RM1,000 per month. This is less than renting a smaller unit in certain areas of the Klang Valley.

Imagine that. For a mere RM1,000 per month, you are able to own a home within a gated-and-guarded community that isn’t too far from the city centre, along with an array of facilities.

05 Clubhouse 5pmWithin walking distance from the Albury homes is a full-facility clubhouse for residents to unwind. The clubhouse houses a swimming pool, gym, common hall, basketball court, volley ball court, badminton court, children’s playground and barbecue pits.

Even though this project has not been launched yet, the developer has already completed the earth work and is now proceeding with the micro piling and ground floor works.

According to the developer, all units at Albury will be handed over to purchasers as bare units, but it will be holding a special home furnishing and appliances carnival upon delivery of keys to help buyers fit their new homes according to individual taste.

Mahkota Hills is located approximately 40km from Kuala Lumpur city centre, making it a 40-minute stress-free drive as traffic is light in the highways to and fro compared to certain areas in the Klang Valley, which may take up to one or two hours’ to get to the city centre.

Furthermore, as recently reported, the new Lekas-Semenyih link should be completed by the end of this year. This will substantially reduce the commute time within the southern corridor of the Klang Valley.

For those who want to take a closer look, the Albury Sales Gallery is conveniently located at Jalan Semenyih, near by the Lekas Highway, and is open from Monday till Sunday, 11am to 7pm. For further enquiries, call 03-8723 2323 or 016-3611 002.

Property 360 Online

Property 360 Online is a news portal focused on major issues, views and major market movements in the Malaysian real estate sector.

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