The gated Ferringhi Residence, to be developed in three phases, is a freehold development comprising low-rise condo villas and high-rise resort condos on 61 acres of elevated land in Batu Ferringhi.
Affordability and familiarity of home attract young buyers who have grown up in Cheras, Kuala Lumpur, to set up home next door.
Binastra Land notes that there is still demand for residential properties, and the price tag is in a range considered "acceptable" by buyers.
Fragmented home building sector has to be consolidated.
MBAM and 26 trade partners discussed several issues at today's MBAM Affiliate Dialogue 2015. Among them is the appeal to the government to extend the status of foreign workers under the 6P programme, which will expire at the end of this year.
According to the agent, this is the first unit in the development to be tenanted since the handover in May.
The Netizen has a gross development value of RM750 million and will be launched in November, said managing director Datuk K C Lim.
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