Name
: NG WEI LIN
ID
: 0316302
Content
1.0
Company Background
2.0
Introduction of Land
3.0
4.0
5.0
6.0
Value Advantage
4.1
Security Feature
4.2
Maintenance Service
4.3
4.4
Recreational Facilities
4.5
4.6
Price
5.1
5.2
Education - Kindergarten
5.3
5.4
Content
7.0
Market Segmentation
7.1
Geographical
7.1.1 Location Analysis
7.2
Demographic
7.2.1 Age
7.2.2 Household Income
7.2.3 Marital Status
7.3
8.0
Conclusion
9.0
Bibliography
1.0
Company Background
2.0
Square
Introduction of Land
Due to the development purpose, TU Property bought a land with the price of
RM 9.9 million in year 2011. Size of the land is about 10 acres. Located next
to 1 Utama Shoping Mall, Bandar Utama Damansara has made the land has
more competitive advantages in gathering investment and business
activities.
Bandar Utama Damansara is a township since 2004. The area previously is
an oil palm estates and being developed in 2001. Hence, the characteristic of
the soil is fertile fine sandy to clay loams soil. Bandar Utama Damansara is
central of daily activities which consist of schools, community centre and
commercial complexes (Wikipedia, 2016).
State government of Selangor has the full control over this piece of land. The
land ownership is leasehold agreement tenures about 99 years. Part of the
land which is 5 acres will be used to building 17 th storey condominium. The
other part of the development will be used as future development.
3.0
3.1
Picture 3.1.1
4.0
Value Advantages
Security Feature
Maintenance Service
Recreational Facilities
constructed in this level. The rental application of the use of these facilities
can be easily apply from the management team.
4.5
More than 100 types of tree will be planted at the ground floor. Bicycle path
and jogging path are built to reduce the carbon footprint to the environment.
Accommodate with this facilities, we encourage the residents be part of the
Greening the Earth: One Citizen One Tree in conserving the planet.
4.6
Picture 4.6 Scandinavian Interior Design (Dwell Candy, 2014) (Flog Blog,
2016)
5.0
To cultivate the reading trend, a public pavilion library is being set up in the
community. The concept of Take A Book and Leave A Book is being applied
to stimulate the culture of sharing among the community. Connectivity and
relationship among neighbours can improve by sharing the same topic. With
knowledgeable of people living around in a small community, people are
more civilize in handling problems happen. Argument can be reduced
effectively.
5.2
One of the key attractive in this project is the green feature of the building.
Green building helps in protecting the environment, balancing the
ecosystems and conserve natural resources. Malaysia government has made
best effort in promoting the Green Building Index (GBI) in create awareness
and encourage the society to Go Green. In this project, we use the solar
Photovoltaic Panels, Sliding sunscreens, aerated concrete blocks, low volatile
organic compounds paint, high performance glass, high internal ceilings,
energy-efficient lifts, energy-efficient lighting, non chemical swimming pool
and fume extract sensor.
5.3
Maintenance Team
Security Feature
Style
Recreational Facilities
6.0
Selling Price
The price range of unit is around RM450 per square foot, ranging from
RM360, 000 to RM1, 890,000. The maintenance fee costs about RM0.60 per
square feet.
Type
unit
of
Studio type
Name
VISUAL
SUITE
Loft Units
ASCOT-D
Multi level
penthouse
with 3
bedrooms
EMERALD
SUITE
Build Up
Area
Selling
(Square
Price (RM)
foot)
800-1,100
860-1200
3700-4200
RM360,000 RM495,000
RM 404,200
RM564,000
RM1,850,00
0
RM2,100,00
0
RM/Square
feet
450.00
470.00
500.00
Maintena
nce fees
(RM/Squa
re feet)
RM480RM660
annually
RM516RM720
annually
RM2,220RM2,520
annually
7.0
Market Segmentation
7.1
Geographical
Geographical Target Market is the consumers located in the same city and
states (Dictionary, 2016).
7.1.1 Location Analysis
Due the convenience of geographical area and the economical
considerations, TU Property decided to use the land for building a mixed
development high rise residential condominium. Its geographical area is
strategic accommodate with holistic public transportation system. It takes
about 15 minutes of drive distance away from the City of Kuala Lumpur.
Moreover, it has the competitive advantages in accessing the major
highways such as Sprint Highway, LDP Highway and Penchala Links. Mass
Rapid Transit will start to operate in
Furthermore, a walking distance of 5 minutes to reach a built up to 5,000,000
square feet of shopping mall, One Utama. This shopping mall is facilitates of
various kind of business such as restaurant, convenience shop, cinema,
bowling centre and etc. In term of restaurants, the mall provide choices from
western restaurants, Chinese restaurant, fast food, Korean restaurants,
Lounge and bars, and even to Japanese Restaurant.
Picture 7.1.1
condominium
Location
map
for
the
proposed
high
rise
residential
7.2
Demographic
Monthly
Repayment
(RM/month)
1,416 1,950
1,591 2,220
7,280 8,265
Total
Household
income (RM/month)
Studio unit
360k 495k
5k 6.8k
Loft unit
404k 564k
5.3k 7k
Penthouse with 1.85m 2.1m
24k 28k
3 bedrooms
Table 7.2.2 Correlation between housing price and total household income
7.2.3 Marital Status
The group of the society targeted can be newly married couples, bachelors,
and small family structures.
Characteristic
Studio
type
Loft Units
Demographic
Age
Child
Adolescents
and
teens
Twenties
Thirties and Forties
Fifties and Beyond
Household
RM 5,000 RM 7,000
RM 7,000 RM
income
24,000
RM
24,000
and
above
Household
Bachelor
New Married Couples
structure
Small
Structured
Family
7.3 Summary of Market Segmentation
Multi level
penthouse with 3
bedrooms
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
8.0
Conclusion
Our target market is on the working generation which aged above 25 years
old. We mainly focus on the bachelor market. Being bachelors have
becoming trendy in this generation due to the values and structural of
society changed. We think that bachelors have their rights in enjoying life.
We provide the first class facilities and equipment for the bachelor in
equilibrium living and working life.
With the hectic lifestyle and heavy living costs in Klang Valley area, the
family structure has change obviously. Couples are preferred to form a small
family which usually consists of 3 to 4 members. Launching of the penthouse
has fulfilled needs of this group of people. People in this group are generally
high income and pursuing for a better quality standard of living.
In term of facilities, we would like to build some value added facilities such as
parcel collection point, maintenance services and security services. These
functions are able to provide convenience to the residents staying in the
condominium as well as able to ensure the completeness of the facilities in a
well ordered. Moreover, a value advantage of our products creates the
feeling of secure when staying in this environment. It has benefits the users
experiences of the customers and lifelong experiences.
In term of triple bottom line concept, we want to build a positive growth
between people, profits and planet. In term of environment, we used
sustainable building material to minimize the pollution toward the planet.
Moreover, education is the foundation of civilization of the society. By
building public pavilion, we are able improve the working and living
conditions in order urges a harmonized of social living environment. These
can benefit the people living and the environment.
The design of these units is more suit for bachelor and small sized family
(most probably consist of 4 family members). The concept of this
condominium is about Futuristic. Infusion of modern technology and design
have presented throughout the whole design of the building. We are leading
in transforming the traditional design and trend into advance design in
Malaysia. Heading to Vision 2020, we believe in creating innovative and
value added characteristic type of building in the city.
Bibliography
A.Fernandez, M., 2014. 4 Condo Units Type. [Online]
Available at: http://www.realliving.com.ph/tips-and-guides/4-common-condo-unittypes
[Accessed 3 May 2016].
Christopher, M., 2011. Logistics & Supply Chain Management. In: Great Britain:
Pearson Education Limited, p. 6.
Dictionary, B., 2016. Geograhical Segmentation. [Online]
Available at: http://www.businessdictionary.com/definition/geographicsegmentation.html
[Accessed 13 May 2016].
Dwell Candy, 2014. Scandinavian Modern Interior Design. [Online]
Available at: http://www.dwellcandy.com/interior-design-styles-2/scandinavianmodern/
[Accessed 4 May 2016].
Flog Blog, 2016. Interior Design Styles: 8 Popular Types Explained. [Online]
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[Accessed 4 May 2016].
Home Controls, 2016. Its So Easy To Automate Your Home. [Online]
Available at: http://www.homecontrols.com/Home-Controls/Smart-Home
[Accessed May 2016 2016].
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Available at: http://www.investopedia.com/terms/d/demographics.asp
[Accessed 13 May 2016].
Marvel Building, n.d. Modern White Penthouse With Metal-clad Structure Bondi
Penthouse. [Online]
Available at: http://www.marvelbuilding.com/modern-white-penthouse-metalcladstructure-bondi-penthouse.html
[Accessed 3 May 2016].
Numbeo, 2016. Cost of Living in Selangor. [Online]
Available at: http://www.numbeo.com/cost-of-living/city_result.jsp?
country=Malaysia&city=Selangor
[Accessed 3 May 2016].