Luxury and comfort made affordable
THINK affordable housing and what immediately comes to mind are densely-packed, utilitarian dwellings.
Due to a lack of profitability, these boxlike homes are often an afterthought and are built simply to comply with local housing mandates.
Not when it comes to Melaka-based Sri Pengkalan Binaan Sdn Bhd (SPB Property) who sees it as an opportunity to pioneer a new product type in a vital housing category.
Testament to that are the “Villaments” Taman Nuri Sentosa - the hybrid of a villa and an apartment.
It is the first of such development in Malaysia and it has won the Affordable Housing category of the Malaysia Property Awardtm 2023 by FIABCI Malaysia.
SPB Property CEO Datuk Jacky Yap said that the company’s vision is to become a top developer in building quality, innovative, affordable homes and sustainable communities.
“The fundamental concept was to make luxury affordable and ensure that every segment of the community would get to enjoy an elevated sense of living not just today but also tomorrow,” he continued.
The Villament – 1st hybrid home in Malaysia
Taman Nuri Sentosa is nestled within the 162 acres Taman Nuri township in Durian Tunggal, Melaka, and is a gated and guarded, hilltop residential enclave.
The 146 freehold units of Villament occupy a 5.11-acre parcel. They were built in similar style to 2 and 3-storey townhouses, with each villament occupying one floor of each structure.
What sets this development apart is the 20ft green back lanes between rows of units which offer 27% of green space and nearly double of local council requirement on green space provision.
Built-ups of the units are 1,000 sq.ft. to 1,300 sq.ft. All units come in 3-bedroom and 2-bathroom layouts, and each of the bedrooms is able to fit in queen-size bed.
The units went on the market at an attractive, RM180,000 price point. All 146 were sold out within one and a half months - which was further testament to its unique premise.
The Villament will also make its debut in Banting, Selangor in the next few months. It is priced below RM250K and has received an overwhelming number of registrations to date.
Creating legacy
This thoughtful consideration for family stems from the very make-up of SPB itself, which is a family business.
Founded in 1981 by Datuk Yap Pit Kian and Datin Loh Ngook Chan, it is currently under the stewardship of their three children – Datuk Jacky Yap, Datuk Sean Yap and Yap Lih Shyan, who are professionally trained and accomplished leaders.
Innovation is ingrained into SPB Property’s DNA. Its innovative projects have won 17 awards in the past 4 years from Starproperty and The Edge. Its emphasis on built quality is also evident in its 80% Zero Defect track record and its achievement of the highest QLASSIC score in Melaka in 2023. With innovative and high-quality products, SPB Property has doubled its earnings in 3 years and was chosen as the Top Developer (non-listed) in 2022 by Starproperty.
Winning the FIABCI Malaysia Affordable Housing Project is another significant achievement. SPB Property is grateful for the recognition from FIABCI Malaysia and the jury’s acknowledgment of the project and company. SPB Property takes this opportunity to express gratitude for the contributions of all staff, advisory teams, and the continuous support and trust of customers.
Moving forward, SPB Property aims to expand its current landbank and projects (~1,400 acres in Malaysia) and contribute to solving Malaysia’s affordable housing shortage with its innovative and high-quality products.
For more information on SPB Property, kindly visit their website at www.spb.my or call 017-7015003.