Sunday, June 21, 2015

Ipoh condominium for sale

Ipoh condominium for sale,please click this link to find out more on Ipohproperties.com
http://ipohproperties.com/listings/prima-condominiumipoh/

Ipoh Garden house for rent

Ipoh Garden house for rent

Ipoh Garden house for rent
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ipoh Garden house for rent.This Ipoh Garden single storey house is for rent at RM1200 per month.The property has been extensively renovated.This property has 3 rooms and 2 new bathrooms.
Floor tiles throughout the property has been changed to modern themed ones,the areas upgraded include the porch,hall,rooms,wet and dry kitchen,laundry area and bathrooms.
Upgrades include,
auto gate
full awning
perimeter brick wall
new grilles and modern casement windows
new water heater units
air cond
new sanitary fittings
modern granite dry kitchen counter top ,double sink and high quality kitchen cabinets.
modern wet kitchen counter top and cabinets
private laundry corner etc.
Flat screen tv,fridge,sofa,dining set, wardrobe for rooms, console table and chairs,stools and beds are included.
Please call Gladwin at 012-5261000 for viewing.

Ipoh main road land for sale

Ipoh main road land for sale

Ipoh main road land for sale
Ipoh main road land for sale. Land is located fronting Solok Tambun and Jalan Tambun or known as Jalan Raja Dihilir,Ipoh.Total land size is 25,000 sf and the asking price is RM130psf. Call Gladwin at 012-5261000 for details.

Ipoh main road land for sale
Ipoh main road land for sale

Ipoh condo for rent call 012-5261000

Ipoh condo for rent call 012-5261000

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Ipoh condo for rent call 012-5261000. Condo located at Regency Terrace for rent. The property has 4 bedrooms,3 bathrooms ,wet and dry kitchen,kitchen cabinets and facing the swimming pool.Regency Terrace is a quiet and peaceful environment and very well connected to amenities, located 3 minutes from general hospital,100 meters from Ipoh specialist Hospital,3 minutes from Pantai Puteri Hospital and Jusco,Kinta City and 5 minutes to Ipoh old town.
Truly the best location to live.

Saturday, June 20, 2015

Ipoh condominium for sale at Skyhomes

Ipoh condominium for sale at Skyhomes

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Ipoh condominium for sale at Skyhomes. This property has been beautifully renovated by its current owner. Modern minimalist design ensures easy maintenance. The kitchen comes fully equipped.The master bedroom has its own class and charm,featuring multi mood lighting.The living room has plaster ceiling with cassette air cond for a neat look as well as downlights and rc fan.
The property has a balcony with 2 mature bonsai plants and a garden bench along with artificial easy maintenance turf.Please call Gladwin at 012-5261000 for viewing or further details.

Ipoh semi-detached house at Jalan Tambun

Ipoh semi-detached house at Jalan Tambun

Ipoh semi-detached house at Jalan Tambun
Ipoh semi-detached house at Jalan Tambun

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 Double storey semi-detached house for sale at jalan Tambun,Ipoh.The property is located near the Dales,Ipoh. The property is strategically located 2 minutes from the PLUS exit,5 minutes to Sunway City Ipoh,2 minutes to Pantai Puteri Hospital,5 minutes to Ipoh Specialist Centre and Ipoh Garden.
Great location, the property is ideal for retirement or extended family as there are 3 large rooms at the ground floor.Extra large land size compared to other lots in the area, next to a park and views of the most beautiful limestone wonder,the Gunung Genting.Call Gladwin,Ipoh based real estate agent for viewing.

Meru Desa Park,Meru Raya Ipoh

Meru Desa Park,Meru Raya Ipoh

Meru Desa Park,Meru Raya Ipoh
Ipoh semi-detached house at Jalan Tambun
Ipoh semi-detached house at Jalan Tambun
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  • Freehold & Virginland
  • Gated & Guarded Residences with Club House Facilities
  • 24 hours security with CCTV
  • Opposite of Tenby International School
  • Surrounded by 25 Government departments (Mini Putrajaya Ipoh)
  • 2 mins to Amanjaya Integrated Bus Terminal, Mydin Hypermarket, Casuarina Hotel & Convention Center, Animation Theme Park
  • Easy access to North-South Expressway
  • MSC status township
Double storey superlink at The Sierra,Meru Desa Park,Meru Raya Ipoh. Property is within a gated and guarded community, close to Tenby International School.
Beautifully designed new house with amazing views of hills.Call Ipoh property agent Gladwin Agilan at 012-5261000 for immediate viewing.

Balik Pulau,Penang land for sale

Balik Pulau,Penang land for sale








Freehold 1st Grade land for sale at Air Putih,Balik Pulau,Penang,land size is 1.17 acres. Access via Botanic CT. Land is surrounded by development and less than 1km From prince Of Wales University. Asking price is RM3.2mil . Call Gladwin at 012-5261000 for further information.

Friday, June 5, 2015

Perak Property news by Iproperty Magazine, Invest in Ipoh


Art fuels Ipoh's Old Town revival,Ipoh news

Art fuels Ipoh's Old Town revival

KATE MAYBERRY, Contributing writer
A historic building reflected in the window of one of Dexter Song's cafes (Photo by Kate Mayberry)
IPOH, Malaysia -- It is Sunday morning in Ipoh and the city's Old Town is abuzz. Families chat over breakfast in the traditional coffee shops -- or kopitiam -- for which the city is renowned, traffic crowds the roads as drivers search for elusive parking spaces and visitors snap photos against a backdrop of crumbling colonial-era buildings.
     At the center of it all is Kong Heng Square, a scruffy collection of largely 19th century buildings refashioned by a group of architects and entrepreneurs into a contemporary guesthouse, a string of cafes and a museum.
     Dexter Song returned from Australia to open a cafe in the development three years ago. "We didn't realize it would grow like a wildfire," he said, sitting at a table in a corner of one of the three cafes he now runs, as a nearby group of young Malaysians enjoy a lively discussion over lattes and fruit juices. "What I like about Ipoh is that it's very communal. Everyone collaborates."
 
 
 
     For decades a fading stopover on the way between Kuala Lumpur and Penang, Ipoh is coming back to life. A fast train to Malaysia's capital, more flights and a growing appreciation of the value of heritage have fueled investment in the city that built -- and lost -- an earlier fortune on tin. Later this year, Ipoh will host its first arts festival, designed to take advantage of the city's unique history and the limestone outcrops that surround it.
     "There are a lot of things happening in Ipoh," said Law Siak Hong, a retired designer who is now vice president of the Perak Heritage Society. "Kong Heng gave others the confidence to think they could do something, too. Anything that brings life to the city must be good."
A new kind of energy
The posters for The Other Festival, organised by Kuala Lumpur-based group Kakiseni, have already been plastered on walls around the Old Town. "Ipoh used to be that secret we didn't want to share," said Low Ngai Yuen, who heads Kakiseni and has family in the town. "It has one of the most exposed generations of young people -- going outside to the rest of the world. But then they discover they miss home so they come back to Ipoh. They are bringing a new kind of energy. You cannot not feel it."
     Old cafes, kitchens, tumbledown homes and even the limestone karst formations that circle the city will be used as venues and through the shows and exhibition visitors will be encouraged to explore the charms of Malaysia's fourth biggest city.
     Kakiseni is working on the project with local collective, Projek Rabak, which brings together about 80 local writers, poets, artists and musicians. Rabak (slang for 'sloppy' or 'messy' in Malay) has its own creative space in Ipoh, the walls covered in murals and a drum kit ready for its regular gigs. "Ipoh used to be known for its indie rock scene," said Mohd Jayzuan, a musician who heads the collective and organized a minifestival back in January. "But with Rabak we're seeing film, poetry, painters and visual artists coming together. It serves as a platform for these underground artists to explore."
     In colonial days, the city was as wealthy as Singapore. Even today, it retains the grand civic buildings of the era -- the railway station, law courts and city hall -- all designed to symbolize the wealth and authority of the British in what was then Malaya. Many of the mansions and shophouses built by those who made their fortune in the tin rush also remain, albeit in varying stages of dilapidation.
"Constant challenge"
For decades, Han Chin Pet Soo was the home of the Hakka Miners' Club -- a place for the mining tycoons to smoke opium, gamble, entertain and get away from their wives. But by the 21st century, membership had dwindled and termites were eating their way through the woodwork. Concerned the building would be gutted or end up as another hipster cafe, a local philanthropist took on the lease and spent 300,000 ringgit ($83,000) to restore the building. More than 1,000 people have visited the new Hakka Club since it opened as a museum in February and there are now plans to restore the neighboring building as well.
     Retired British naval commander Ian Anderson, who has lived in Ipoh for 16 years, masterminded the project. He worries about the lack of protection for heritage buildings -- the Royal Ipoh Club which dates from 1895 was only this month gazetted under Malaysia's national heritage act -- and is skeptical about the city's commitment to preserving its historic architecture. "I live in hope that a real renaissance can take place," he said.
     There are guidelines relating to the maintenance of pre-war facades, but unlike George Town and Melaka, which together secured a Unesco World Heritage listing in 2008, the preservation of Ipoh depends largely on property owners and the commitment of the local authorities. Local estate agent Gladwin Agilan, who specializes in Old Town properties, describes it as a "constant challenge."
     Critics point to Panglima Lane, a pedestrian thoroughfare infamous as the neighborhood for the mistresses of the wealthy tycoons and the heart of the Old Town. Some of the shophouses have been renovated, but others appear abandoned -- overgrown with trees and bushes. Souvenir shops are edging out more traditional businesses. The prices of Ipoh's historic shophouses have more than doubled in the past five years according to Agilan, but remain well below similar-era buildings in Penang.
     In Kong Heng, the old buildings retain their facades, including the peeling paint and signboards, while serving staff continue to dish out bowls of noodles and plates of freshly-grilled satay to customers, as they have done for decades. Huge trees and vines that have grown into the brickwork over generations tumble across the walkways; a perfect Instagram backdrop for the younger generation.
     Here the old Ipoh sits alongside the new in a combination that appeals not only to visitors, but to many residents; a development that looks to the future, but has its roots in the city's colourful past.
     "We want to explore new things," says Rabak's Mohd Jayzuan. "But we still want to hang out at the old kopitiam, the old indie HQ. So long as we don't change the essence of Ipoh." 

IPOH PROPERTIES ARTICLE,the Star news

Ipoh Properties Article, the star 
IN IPOH PROPERTY BOOM PRICES UP MORE THAN 30%, ON PAR WITH KL AND PENANG


By The Star 24 September 2012 

 
One of the many new developments in Ipoh – The Enclave along Jalan Sultan Azlan Shah is sought after.

IPOH: The prices of properties in Ipoh have skyrocketed in prime locations to be almost on par with those in Kuala Lumpur and Penang.

“Ipoh is now bustling with activities. There is no sign of prices coming down,” said Oriental Realty agent Gladwin Agilan.

Gladwin said the demand was not only for new developments but in the secondary market.

Gladwin: ‘There is no sign of prices coming down.’

Among the factors that have contribute to the upward trend in the demand for properties were better transport facilities including direct flights to Singapore, the electric train service, the state being an education hub and a high number of foreign companies investing in the state.

Condominiums or high-rise apartments, once considered unprofitable, are now in demand as people look for amenities such as swimming pools, gymnasium, and restaurants at their doorsteps.

The prices of properties in Canning Gardens have been increasing by 10% annually for the past three years.

He said people chose to own properties in the area due to its location, which is near the city, and because of its freehold status.

Gladwin, who is the head of the sales division, said the latest transaction showed the price of land was RM144 per sq ft for a single-storey semi-detached house.

“Surprisingly these houses are purchased by Perakians who are in their late 30s to mid-40s.

“Many of them have returned to their hometown due to better job opportunities.

“Foreign companies such as Vale iron ore distribution centre in Teluk Rubiah have also created demand,” he said.

The type of residential units being sought after has also changed. There is demand for condominiums, gated-and-guarded landed properties as well as properties that have easy access to amenities.

Gladwin said new developments such as the Haven Lakeside Residences in Tambun, Meru Hills in Meru Valley and The Enclave along Jalan Sultan Azlan Shah, Somerset at Thompson off Jalan Sultan Azlan Shah, Casa Bintang near the Ipoh Swimming Club in Jalan Raja Dr Nazrin Shah, were gaining popularity.

He added that developments were now taking place in the outskirts such as Klebang, Kledang, Pasir Putih and Sunway in Tambun.

Gladwin said the perception of owning a property in Ipoh, and not being able to rent out was incorrect as the demand for rented housing was overwhelming especially in Meru Valley and the Sunway area.

“Foreigners working in the state prefer to stay in bungalows or condos in such serene areas.

“It offers a higher yield of between 7% and 10%, which is considered good, as only commercial properties offer such attractive returns,” he added.

He said besides Ipoh, the next upcoming market is Manjung, located about 90km from the city. Other potential areas for development included Lumut, Teluk Batik and Pangkor.

Another real estate agent P.Ranganathan agreed that the prices of properties were going up in certain parts of the city.

He said the prices of property had increased by up to 30% in the last three years.

“Those that have made up their mind to purchase properties in the city should do so fast as the prices of building materials are increasing.

“With steel bars and other building materials on the rise, the prices of properties are also expected to increase,” he added.

Datuk Bandar Datuk Roshidi Hashim said the skyline of Ipoh would change by 2014.

He said this was visible from the rapid development that was taking shape in the city.

“We are expecting more development to take place in the city,” he said.

Ipoh property news








Community

Published: Tuesday December 16, 2014 MYT 12:00:00 AM
Updated: Tuesday December 16, 2014 MYT 10:08:48 AM


Ipoh property news,the Star

Ipoh property prompts interest

Tiew says the improved connectivity to Ipoh is one of the reasons the town has potential as a promising property market.
Tiew says the improved connectivity to Ipoh is one of the reasons the town has potential as a promising property market.
 
Ipoh is famed for many things. Flat rice noodles, Tan Sri Michelle Yeoh, verdant limestone mastiffs, and its rich mining past, among other things.
It was also known as Mercedes-Benz territory because between the 1950s and late 1990s, a two-storey high illuminated sign of a three-pointed star in Gunung Rapat lit up in blue at night, welcoming all who came to Ipoh.
Looking at the property market, head of business development for Oriental Realty Gladwin Agilan said in an interview last year that Ipoh began showing signs as a potential property hot spot in 2008 when pre-war buildings in Jalan Raja Ekram, Jalan Lau Ek Ching and Lorong Panglima were converted into watering holes and eateries.
Enormous amounts of persuasion were needed to convince the owners of the historic buildings to sell, Agilan said.
“There were cases where offers had to wait between six months to a year before getting a reply. The oft-received response I get from the owners is ‘Not now’. Understandably so, as some of the buildings are ancestral homes,” he said.
Over 10 years, just in the pre-war-building segment alone, prices have appreciated from as low as RM150,000 to as high as RM600,000.
“In our records, the last transaction for a pre-war building was at RM950,000. Currently, offers have reached RM1.1mil,” said Agilan.
The positive ripples of change can largely be attributed to infrastructure development in Ipoh, said experts during a forum organised by StarProperty in Menara Star recently.
Managing director of Andaman Property Management Sdn Bhd and forum moderator Datuk Seri Dr Vincent Tiew elaborated on some of the factors bringing about its revival.
Tan said the upgrading of the Ipoh airport and carriers like MAS, Firefly and Malindo Air servicing routes to and from Ipoh to Johor Baru, Singapore and Indonesia, is one factor.
There are also the double tracking and electrification of the KTMB train line connecting Ipoh to Padang Besar, Perlis, and the proposal of the 316km West Coast Expressway connecting Banting to Taiping.
For an idea on how these networks have contributed to visitor influx, Tourism Malaysia Perak director Ibrahim Seddiqi Talib said that the electric train service alone, which connects KL Sentral to Ipoh five times daily, saw some 1.7 million passengers being brought in from January to November this year.
Adding icing to the cake is a RM400mil joint venture between Perak Corporation Bhd and Sanderson Group International Pty Ltd, an Australian company with 25 years of experience in building theme parks, to build a theme park in Bandar Meru Raya, Ipoh.
According to Animation Theme Park Sdn Bhd chief executive officer Darren McLean, one of the speakers at the forum, a projected total of 1.4 million international and domestic visitors a year are expected once one of Asia’s first animation theme parks is opened before Christmas in 2016.
The 50-acre entertainment facility, adjacent to the Jelapang toll, will be located about 15km from Ipoh. Its existence will add to Perak’s other two theme park attractions — Lost World in Tambun and Bukit Merah Resort in Taiping.
“Andaman entered Perak to develop its first project three years ago, when I heard the state was close to concluding the deal with Sanderson,” reveals Tiew, a Klang native whose company has interests in over 200 freehold commercial shop and office lots in Bandar Meru Raya, near the location of the park.
Looking at Ipoh’s offering of choice locations, the gravitational trend is towards some of its most famous landmarks, like the Sultan Abdul Aziz Recreation Park or Polo Ground.
Industry observers say never mind that it’s just beside a Chinese cemetery, if the landmark is old enough, it’s good as a marketing magnet.
Chances are, if a development is just within walking distance of the Ipoh Royal Golf Club, Perak Turf Club, any of the pre-war coffee shops downtown, or even the 100-year-old St Andrew’s Presbyterian Church on Jalan Tun Dr Ismail, it’s considered a choice buy.
The general area is known to locals as Tiger Lane, famed as the address for housing much of Ipoh’s old money.
Not surprisingly, Andaman is polishing its portfolio with Upper East, a five-block apartment project in this location.
The project’s landscape design director Mark Mahen has revealed the landscape facilities alone would cost the developer RM5mil.
For marketing appeal, Tiew has described a strategy which aims to bring the cream of Mont Kiara’s top condominiums in Kuala Lumpur to Ipoh but at lower prices. These units will be sold at 15% to 20% lower than the current Tiger Lane property values.
Metaphysical factors also play a part in sparking new developments in Ipoh, said president of the Malaysian Institute of Geomancy Sciences Professor Joe Choo. He pointed to the power of the majestic limestone hills surrounding the residents of the city.
“The most ideal location for a home in feng shui terms is to have the back of the house to a mountain and its entrance facing a river,” advises Choo.
It matters of course, if the property is located at the concave or convex part of a waterway.
“In feng shui, the concave part of a river is likened to a comforting arm which acts to nurture. Therefore, it is typical to find these areas prospering over time,” says Choo.
Choo points out Ipoh’s north- westerly location to emphasise its potential as the next property hot spot, explaining that since the south-westerly property market has almost reached a state of maturity, the next most viable area of growth will move upwards, namely to the north west — where Ipoh is.

Ipoh pre war shops

Ipoh pre war shops

Published: Saturday November 23, 2013 MYT 12:00:00 AM
Updated: Saturday November 23, 2013 MYT 9:16:57 AM

Historical buildings offer unrealised value

Old-school style: Refurbished heritage properties in Jalan Lau Ek Ching in Ipoh. One is for sale at RM2mil.
Old-school style: Refurbished heritage properties in Jalan Lau Ek Ching in Ipoh. One is for sale at RM2mil.
 
What price is one willing to pay to own a piece of history?
According to valuation surveyor and property consultant Choo Ah Sit, sources have revealed that the former OCBC Bank building on Lorong Hang Jebat in Malacca has been attracting attention from foreign buyers. Some Singaporeans are said to have offered between RM22mil and RM25mil for the property.
However, since foreign buyers are required to obtain approval from the state’s Foreign Investment Committee, which can be a time-consuming process, the owners have offered the early mordernist style building to a local company for RM17.5mil.
The total land area for the five lots covers some 7,739 sq ft with a 3½-storey building with a total built-up area of about 23,500sq ft. Crunching the numbers, if the offer of RM17.5mil goes through, the price of the property works out to RM2,261 per sq ft.
“With that kind of money, you can construct a new 15-storey building, but not in the core zone of the Unesco heritage site, of course,” Choo said.
Having observed the property market in Malacca for the last 33 years, Choo’s honest assessment of the market is, in his own words, “crazy”.
“The current trend now is, ‘You like, you pay. Don’t ask about the price’,” Choo declared.
From a map showing the Jalan Tun Tan Cheng Lock-Jalan Hang Jebat area (famously known as the Jonker Street area) and its immediate lanes, there are no less than 20 properties available for sale, but there are few signboards to indicate the owners’ intentions.
“In some cases, someone who has taken a fancy to a building will simply ask around for the owner’s contact. Surprisingly, word spreads fast. This is how some transactions are concluded,” revealed Choo.
The steep jump in prices, said Choo, came in tandem with the declaration of the area as a Unesco heritage site.
“From the 1970s to the 1990s, there was no interest in these buildings. One was because of the Rent Control Act that saw rental rates for buildings built before World War II being fixed at RM100 to RM200 per month. The returns were not enough to motivate owners to perform the necessary maintenance, resulting in some of these structures falling into a sorry state of disrepair. Only when the Act was abolished and the free market allowed to take over, did prices start to move upwards by anywhere between 30% and 50%,” Choo said.
For an idea of how much investors are expected to fork out at current market prices, Choo revealed that asking property prices in the heritage zone in Malacca can start from RM600psf to as high as RM1,600psf, depending on location factors such as accessibility and traffic flow.
Choo cites three interesting cases.
One property located along Jalan Tun Tan Cheng Lock made a record sale of RM1,221psf while prices for two single-storey shop houses in Jalan Hang Kasturi appreciated from RM980,000 to RM1.75mil in a short span of nine months.
Choo surmised this may be caused by the property changing hands over a short period of time. He also does not rule out factors such as speculation and the undervaluing of property.
Another plum lot is a two-storey pre-war building occupying 1,717sq ft on Jalan Tun Tan Cheng Lock that is asking RM2.8mil or RM1,630psf.
“The high prices are mainly due to a fixed supply and it will keep rising because of this. Where foreign buyers are involved, it may have something to do with the prestige of owning a piece of property in a Unesco heritage site. The other thing is our favourable exchange rate,” said Choo of the dramatic prices.
Over in Penang’s Georgetown, which received the Unesco heritage designation at the same time as Malacca, Jennifer Yeoh, 47, a real estate agent for the past five years, said the appreciation for old buildings had been foreseen by some businessmen who transformed these premises into restaurants, hotels and retail outlets as early as a decade ago.
Case in point is Gurney Paragon on Gurney Drive. Standing together with the brand new mall is the 88-year-old St Joseph’s Novitiate.
In 2004, the 10-acre parcel of land was sold to Hunza Properties for RM97.86mil, or roughly RM250psf back then.
Today’s prices have, of course, risen significantly.
In Yeoh’s listings, for example, there is a row of seven units on Lebuh Clark each occupying 650sq ft going at RM1.2mil a unit or RM1,846psf. Over on Jalan Irving, a two-storey bungalow with a built-up area of 3,964sq ft is going for an asking price of RM4.5mil or RM1,135psf. On Beach Street (Lebuh Pantai), the owner of a two-storey shop house covering an area of 4,475sq ft has put the property up for sale at RM1,005psf.
“The trend is not to buy them singly but to purchase maybe a row of seven units at a time so that bigger commercial projects can take place,” says Yeoh.
She reckons buyers in this category are also antique appreciators in a way. In some of Yeoh’s listings, there is still old furniture from the post-World War II era inside.
Over in Ipoh, head of business development for Oriental Realty, Gladwin Agilan said the interest in pre-war and heritage buildings started in 2008 when a group of local businessmen began buying properties on Jalan Raja Ekram, Jalan Lau Ek Ching and Lorong Panglima and converting them into watering holes and eateries.
History, said Agilan, 37, was the main selling point. He cites Lorong Panglima as an example.
“In the past, this was known as Concubine Lane, formerly a red light area. Tin miners were said to keep their mistresses there, away from the public eye, in these very houses. Over time, international media and local historians played a part to stoke interest in the area. With the influx of visitors who have found the architecture and nostalgia an ideal spot for wedding photography, local authorities were prompted to repair infrastructure like drainage and other utilities,” Agilan said.
Over 10 years, Agilan has seen property prices for pre-war buildings in Ipoh starting from as low as RM150,000 to RM180,000 and appreciating to a current price of RM550,000 to RM600,000.
“In our records, the last transaction for a pre-war building was at RM950,000. Today, offers have reached RM1.1mil,” he said.
In his current listings, a refurbished two-storey pre-war building measuring about 900sq ft on Panglima Lane is going for an asking price of RM800,000, which works out to an auspicious RM888psf.
The first floor is already tenanted, but the upper floor can be adapted into a homestay. Over in Jalan Lau Ek Ching, where the famed Bricks and Barrels watering hole is located, the current asking price for any one of the refurbished buildings covering 1,900sq ft on this row is RM2mil, about RM1,052psf.
Agilan explained the intention of most owners is not to restore but adaptive reuse. First on the agenda is the electrical rewiring, plumbing, roofing and flooring.
Walls are usually in the form of cement skreed and if the original floors are of timber, these will usually be replaced with double volume metal decks for safety and functionality. Renovation costs for such projects are usually in the range of RM100,000 to RM150,000.
According to Agilan, Ipoh is a veritable trove for heritage building hunters as there are no less than 2,000 units over 80 to 100 years old scattered in seven main areas.
The buildings can be found on Jalan Sultan Iskandar, Jalan Sultan Yusuf, Jalan Silang, Jalan Bandar Timah, Jalan Othman Talib, Jalan Bijih Timah and the two streets mentioned earlier.
However, Agilan reckons the chance to own a property in this market segment requires a lot of conviction.
“The owners really have a lot of holding power. There are cases where offers have had to wait between six months to a year before getting a reply. The oft-received response I always get from the owners is ‘Not now’ when it comes to the question of selling their property. Understandably so, as some of them are ancestral homes,” said Agilan.
But mindsets, observed Agilan, are slowly changing with the younger generation.
“In the 1980s, during the lull in tin prices, many moved to Kuala Lumpur. Back then, these properties had not reached their full worth yet as buyers did not know what to do with them.
“However, the economic revival in Ipoh has changed things and given people new ideas so this is a very good time to sell, and buy,” concluded Agilan.