Buyers queue for three days at Taman Mutiara Rini’s latest launch

SKUDAI (Aug 29): More than 200 interested purchasers queued up for three days prior to the launch of the latest double-storey terraced houses in Taman Mutiara Rini in Skudai, Johor recently.

Developed by Boustead Holdings Bhd, Taman Mutiara Rini’s launch of Phase 6A and Phase 6B comprising 227 units of double-storey terraced houses on July 22 saw all its non-bumiputera units sold at the launch.

Unit built-ups range from 1,800 sq ft to 2,200 sq ft with land sizes of 22 ft by 70 ft and 22 ft by 75 ft. The estimated gross development value of the project is RM150 million. Prices for the units start from RM550,000.

Boustead Holdings divisional director of property Datuk Seri Ghazali Mohd Ali told TheEdgeProperty.com that one reason for the tremendous response was that the houses were reasonably and affordably priced.

Another attractive feature of these housing precincts is that they are already “gated”, thus allowing future residents to form their own “gated-and-guarded” neighbourhood by hiring their own security guards in future.

“Over the last 20 years, Mutiara Rini Sdn Bhd [a member of the Boustead Group] has developed more than 8,000 houses in Taman Mutiara Rini and has built a good reputation as a responsible and reputable developer. We have a strong following among Johoreans; a high percentage of our buyers are repeat buyers, buying more than one unit in the township. Our buyers are our strongest advocates,” said Ghazali.

Located about 13km to the northwest of Johor Bahru city centre, the township is easily accessible by the Senai Highway.

Ghazali added that a host of facilities and public amenities have been provided in Taman Mutiara Rini including bicycle tracks linking all six parcels in the development, a 60-acre urban forest, a recreational centre, an international-standard cricket pitch known as Mutiara Oval, a mosque, local shops, petrol kiosks as well as primary and secondary schools.

“The urban forest features a thematic planting of local species of slow-growing and long-living trees to create a quality environment with an ecosystem that will attract birds and butterflies,” said Ghazali.

The township’s commercial centre is also flourishing, anchored by Tesco, Mydin, McDonald’s drive-thru, KFC and a Honda car showroom.

Ghazali noted that among the target market for this project are young Malaysian families looking to upgrade as well as Malaysians working in Singapore.

“We are also looking at buyers who have family members already staying here or in the Skudai area,” he added.

While the overall property market is challenging, Ghazali highlighted that there is never a “slow” market for reasonably priced properties in good locations and that basic “bread and butter” products will always sell well.

In Johor, particularly, Malaysians working in Singapore who are in small and medium-sized businesses and upgraders are always on the lookout for houses, he added.

Another 400 units of double-storey terraced houses and a small number of shophouses will be launched later in the year in Taman Mutiara Rini.

This story first appeared in TheEdgeProperty.com pullout on Aug 25, 2017. Download TheEdgeProperty.com pullout here for free.