All astute home buyers know that in the property market there are certain developments that are undervalued for various reasons. And the lucky ones who are confident enough to buy at the early stage will gain the most when the rest of the market realise the true value.
And for the early birds that bought into The Haven Lakeside Residences in Tambun near Ipoh, they are now brimming with excitement as the three residential towers with a total of 497 condo units near completion.
Trendsetting And starting from the introductory price of RM330 (S$132) psf when the project was launched in Jan 2011, the developer's price has climbed to nearly RM600 psf for an unfurnished unit - at Press time. With the first tower to be ready by the first quarter of next year - or within months - the eager condo owners couldn't wait to move in.
Trendsetting property developer Peter Chan is so passionate about his maiden luxury condo project that he is providing an unprecedented 48 facilities in his high security development.
"We have created an unprecedented opportunity for all, in Ipoh, and also for all of Malaysia," said Chan.
And unlike most developers, Chan is constantly at the project site - whenever he is not out of town for business - keeping a vigil on the construction process. But then again, he is out to prove a point that the Ipoh property market is more than ready for such a high-end development. And he is ensuring that no stones are unturned to make this a worthwhile investment for all. One of the three condo towers at The Haven Lakeside Residences nearing completion.
Vindicated Indeed, he has been vindicated with sales to date reaching 80 per cent of the total condo units.
"The region has been alerted to the attractiveness and merits of Ipoh as our ideal vacation and retirement city," explained a jubilant Chan, who is chief executive officer of Superboom Projects Sdn Bhd, the development company.
"There are lots for Malaysians who will benefit from this development. And Ipoh residents stand to gain the most.
"Lost confidence has been restored and the city is now developing rapidly. New concepts and new benchmarks are now being set. There is no place for negativity.