PENANG RESIDENTIAL HIGHRISES | General Thread [Archive]

rizalhakim

December 19th, 2007, 04:59 AM

PLATINO BY IJM PROPERTIES - GEORGETOWN

http://www.fullhouse.com.my/images/proj/1131_logo.jpg
http://www.fullhouse.com.my/images/proj/1131_main.jpg
http://www.fullhouse.com.my/images/proj/1131_map.jpg

Platino – The Splendour of Life

Platino – a new luxury condominium, located within
thriving neighbourhood of MetroEast-Udini, is set to be
the prestigious address of the area.

Platino offers a refined lifestyle coupled by resort
amenities and the unique Four Season concept landscape.
The Four Seasons creates a garden scenery which represents
Spring, Summer, Autumn and Winter. Immerse yourself in the
enchantment of the seasons all year long!

The condominium is located near to the Penang Bridge, next
to TESCO Hypermarket and e-Gate, a retail and F&B hub. It
is conveniently a short drive from Penang’s vital
destinations: Georgetown, Penang Bridge, Penang
International Airport and Pulau Jerejak Jetty.

Special marketing packages offered are :
- Early Bird Discount
- Free legal fees for SPA under panel lawyers only.

Developer

IJM Properties Sdn. Bhd. (100180 - M)
Suite G - 2, Menara Penang Garden
42A, Jalan Sultan Ahmad Shah
10050 Georgetown
Penang
Tel: 04-2293999
Fax: 04-2286342
Website: http://www.ijmproperties.com

prices : RM718,000 to RM2,627,000.
Tenure : Freehold
Total No. Of Units : 228 (Tower A - 115 units, Tower B - 113 units)
Estimate To Complete : 2010

rizalhakim

December 19th, 2007, 05:00 AM

^^

IJM launches Platino luxury condos

9 Nov 2007

The STAR

PENANG: IJM Properties Sdn Bhd on Wednesday launched the Platino luxury condos here.

“Since the soft launch in September, we have already sold about 35% of the 228 units. The response is extremely encouraging so we expect to have an additional 30% snapped up by the end of the year.

“The balance units are reserved for Bumiputra purchasers,” said IJM Properties Sdn Bhd managing director Teh Kean Ming.

He was speaking to reporters at the official launch of the project at the E&O Hotel on Wednesday.

Piling work on the RM191mil development has started and the project is scheduled for completion by mid-2010.

Teh said that Platino was about lifestyle.

“Platino is a luxury condominium which is within the reach of local purchasers. Luxury need not be exorbitant. Platino offers owners the luxury of space because the concept was to build ‘bungalows in the sky’.

“The really unique thing about this project is the ‘four-season’ garden, which was landscaped with a variety of plants reflecting the four seasons,” he said.

The units of the 1.4 hectare Platino project, located next to the Penang Bridge in the south-west district, range between 1,819sq ft to 6,400sq ft.

Prices start from RM718,000. The most expensive units are priced at RM2,627,000.

Located on a 12-hectare site, Platino is part of the MetroEast mixed-development scheme. It is about 60% completed and includes Tesco, e-GATE and Bayswater.

rizalhakim

December 19th, 2007, 05:00 AM

^^

IJM Properties confident of good response to newly launched Platino project

11 Nov 2007

The crowd at the launching of the Platino condosThe STAR

PENANG: In the face of inflation and escalating prices, invest in property, advises IJM Properties Sdn Bhd managing director Teh Kean Ming.

“Some units of our Bayswater resort condominium which was completed this year, were selling at RM288,000 three years ago but after the OC was obtained, these units were re-sold for RM455,000. That’s an appreciation of about 20% per annum.

“That is just one example. The return on investment for property is very good so we are optimistic that response will be equally good for Platino, our newly launched project at Jalan Udini.

“With building materials cost escalating, property developers will be under pressure to increase their selling prices eventually so it makes sense to invest early,” he said.

He also noted that feedback from property agents showed that Bayswater was doing well in the sub-sale market.

“Some purchasers who missed out on Bayswater do not want to make the same mistake with Platino. And there are also those who bought Bayswater and are now investing in Platino,” he said at the project launch on Wednesday.

Since the soft launch in September, about 35% of the 228 units had been sold and IJM expected a further 30% to be snapped up by year-end, Teh said.

Piling work on the RM191mil 1.4ha development next to the Penang Bridge has started. The project is scheduled for completion by mid-2010.

“Platino offers owners the luxury of space. A unique feature of the project is the garden that has a variety of plants reflecting the four seasons,” he said.

Units have built-up areas of 1,819 to 6,400 sq ft with prices from RM718,00 to RM2.627mil.

Located on 12ha site, Platino is part of the Metro-East mixed-development scheme that is about 60% completed.

According to Teh, IJM would start construction on two luxury condominium blocks next year, targeted at foreign buyers.

rizalhakim

December 19th, 2007, 05:16 AM

SIERRA VISTA - BUKIT JAMBUL

http://www.fullhouse.com.my/images/proj/1132_logo.jpg
http://www.fullhouse.com.my/images/proj/1132_main.jpg
http://www.fullhouse.com.my/images/proj/1132_map.jpg

Sierra Vista comprises of 3 storey strata titled Semi -
Detached Home and a block of Studio apartments ( 5
storey ) elevated and overlooking the road and lakeside.
It offers privacy and exclusivity to the homeowners, as it
is a very low dense development.

Located about 279 ft above sea level, the residents will
be ensured of a panoramic view of the sea and fresh air.
This project also caters for 3 covered car parks for the
Semi-D homes with gated security features to ensure the
residents safety.

Developer

Worldwide Ventures Sdn Bhd (187989-U)
Suite G-2, Ground Floor, Menara Penang Garden,
42A Jalan Sultan Ahmad Shah
10050 Georgetown
Penang
Tel: 04-2293999
Fax: 04-2286342
Website: http://www.ijmproperties.com

Tenure : Lease Hold
Total No. Of Units : 32 units Semi Detached & 10 units Apartments
Estimate To Complete : July 2010
Prices : 3 Storey Semi Detached - RM783k onwards
Sierra Suites – 5 Storey Apartment - from RM 228k

rizalhakim

December 19th, 2007, 05:21 AM

COLLEGE HEIGHTS BY IJM PROPERTIES

http://webadmin.ijmproperties.com/php-bin/include/gd/gd.php?gd=2&src=../../../img/project/33.jpg&maxw=300
http://www.ijmproperties.com/global/php-bin/include/gd/gd.php?gd=2&src=http://webadmin.ijmproperties.com/img/project/208.jpg&maxw=500

College Heights

AFFORDABLE - medium cost apartments amidst mother nature's setting in an affluent residential area, Bukit Jambul Indah

College Heights comprises of medium cost and low-medium cost apartment and shoplots at the Ground Floor. Located in the immediate vicinity of Inti - International College, the apartments will cater to the needs of out - station and overseas student population for off campus accommodation. It also serves as an affordable apartment for purchasers. Specifically built to meet this target market, College Heights will be a self-contained development with shoplots on the ground floor and a host of other nearby amenities like shopping complexes, schools, swimming clubs & etc.

Information

Land Area: 9.2471 acres
No. of Units: 795 per block
Built-up Area: Apartments: 650 sq.ft - 800 sq.ft
Shoplots: 700 sq.ft - 800 sq.ft
No. of Carpark: 1 (Medium cost & shoplot only )

Facilities / Amenities

Multi-storey carpark, children playground, Astro cabling ready.

Bukit Jambul Lake, Taman Metropolitan Hotel Equatorial, Inti College, Bukit Jambul Country Club, kompleks Bukit Jambul, PISA (Penang International Sport Arena)

Contact Us

Address: Suite G-2, Menara Penang Garden
42A, Jalan Sultan Ahmad Shah
10050 Penang, Malaysia
Telephone number: 04-2293999
Fax number: 04-2286342

rizalhakim

December 19th, 2007, 05:25 AM

THE SPRING - IJM PROPERTIES

http://www.fullhouse.com.my/images/proj/1073_main.jpg

The Spring is located along the Jelutong Expressway that gives a panoramic view of the Penang Bridge. The concept of the project is modern contemporary and emphasizing on its Tropical Garden features.

A Relaxing Lifestyle with Spectacular View
The Spring's layout is specially designed with units over looking the spectacular sea view. Here you will discover the peace and calmness that is so conducive to quality living.

Healthy Indulgence
Escape daily to a healthy indulgence by working out in a refreshing atmosphere either at The Spring's Tai Chi & Exercise Corner, indoor or outdoor gymnasium and other facilities.

Comfortable Living
The setting on The Spring is built with an ideal home in mind. Enclosed lift lobby with CCTV and proximity card access system ensures maximum safety.

Information

No. of Units: 396 (All Sea View Units)
Built-up Area: 925sf to 1281sf
No. of Carpark: 2 Parking Bays per unit
Prices : RM230,000 onwards

The Spring is located along the Jelutong Expressway that gives a panoramic view of the Penang Bridge. The concept of the project is modern contemporary and emphasizing on its Tropical Garden features.

A Relaxing Lifestyle with Spectacular View
The Spring's layout is specially designed with units over looking the spectacular sea view. Here you will discover the peace and calmness that is so conducive to quality living.

Healthy Indulgence
Escape daily to a healthy indulgence by working out in a refreshing atmosphere either at The Spring's Tai Chi & Exercise Corner, indoor or outdoor gymnasium and other facilities.

Comfortable Living
The setting on The Spring is built with an ideal home in mind. Enclosed lift lobby with CCTV and proximity card access system ensures maximum safety.

Information

No. of Units: 396 (All Sea View Units)
Built-up Area: 925sf to 1281sf
No. of Carpark: 2 Parking Bays per unit

Facilities / Amenities

1. Basketball Court
2. Barbeque Area
3. Tai Chi & Exercise Corner
4. Outdoor Gymnasium
5. Play & Learn Park
6. Pavillion
7. Chit-Chat Corner

At Ground Level:
8. Multi-Purpose Hall
9. Games Room
10. Kiddies Park
11. Sauna
12. Water Feature
13. Tropical Garden Courtyard
14. Indoor Gymnasium
15. Rest & Relax Area
16. Feature Landscape

Contact Us

Address: Suite G-2, Menara Penang Garden
42A, Jalan Sultan Ahmad Shah
10050 Penang, Malaysia
Telephone number: 04-229 3999
Fax number: 04-228 6342

rizalhakim

December 19th, 2007, 09:19 AM

SRI KRISTAL BY FARLIM GROUP

http://ipenangproperty.com/wp-content/uploads/2007/09/sri_kristal.jpg

Sri Kristal, the crowning glory of Bandar Baru Air Itam offers luxurious condo living for the discerning few. Comes complete with 2 levels of full fledged facilities, 24 hours CCTV security system, covered carpark and two grand lobbies, Sri Kristal provides you and your family total comfort and peace of mind.
Sri Kristal gives you the best of both worlds – a cosy home with a much sought after lifestyle and an investment opportunity that holds potential capital appreciation. Make Sri Kristal a venture that you can proudly pass on to the next generation.

2 Level of Indoor Facilities
Indoor Swimming Pool
Gymnasium
Sauna
Jacuzzi
Children's Play Area
Basketball Court
Multipurpose Court
BBQ Pit
Free Wi-Fi Zone
24 hour CCTV System
Land tenure: 99 years
Total units: 398 units
Min price: RM137,888
Estimated completion: Dec 2009

Show units are open for viewing. For more information, please call Farlim Group at 04-8298899

forever consern

December 22nd, 2007, 01:19 PM

Suntech, Penang Cybercity MSC status building

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forever consern

December 22nd, 2007, 01:20 PM

Relau Vista, 30 storey apartment

http://i4.photobucket.com/albums/y150/forever_consern/RotationofDSC00602.jpg
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TWK90

December 24th, 2007, 06:09 PM

Took this while on the Jelutong Expressway, is this The Spring?

http://img513.imageshack.us/img513/6812/dsc00051rd3.jpg

forever consern

December 26th, 2007, 01:27 PM

Yes, is The Spring, developed by IJM

rizalhakim

January 2nd, 2008, 09:44 AM

http://www.propertytalk.com.my/project/Image/Springtide03.jpg

Springtide Residences

nicelah dis one!!!

forever consern

January 2nd, 2008, 01:24 PM

Springtide Residences

http://i4.photobucket.com/albums/y150/forever_consern/RotationofDSC00622.jpg
http://i4.photobucket.com/albums/y150/forever_consern/RotationofDSC00621.jpg

cooltemper

January 4th, 2008, 06:41 AM

I think the height of Springtide has surplus The cove?

forever consern

January 4th, 2008, 01:21 PM

Raja Uda Cassia Resort Condominium
http://i4.photobucket.com/albums/y150/forever_consern/DSC00629.jpg
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Casa Prima in very early stage
http://img.photobucket.com/albums/v165/darkelfwf/P1030713.jpg

Penang Times Square
http://i4.photobucket.com/albums/y150/forever_consern/RotationofDSC00623.jpg

rizalhakim

January 8th, 2008, 05:17 AM

I-Regency Condominium, Penang

http://bp3.blogger.com/_jnitJsnrRX4/R3317O348CI/AAAAAAAABbc/Vbf5GSzQB-I/s320/I-Regency.jpghttp://www.idealhomes.cc/images/sucesfullconcept/afterpalazzia3.jpg
http://www.idealhomes.cc/images/sucesfullconcept/afterpalazzia1.jpghttp://www.idealhomes.cc/images/sucesfullconcept/afterpalazzia2.jpg

Ideal Regency - I-Regency Condominium, the modern living lifestyle resort condominiums located in Bukit Gambier, Penang at the vicinity of University Science Malaysia (USM) and is only minutes away to the Penang Brigde and Bayan Lepas Free Trade Zone.

I-Regency condominium offering resort lifestyle with all the necessary features such as lush landscape gardens, pools and recreational facilities. The residential scheme consists of total 5 condominium blocks, 8-storey and 21-storey building. I-Regency comes with three types (Condo-villa Type 1 & 2, Sky-Villa) and has a spacious built-up area from 1,200 - 1,500 sq.ft.

Location : Bukit Gambier
Type : Condominium
No. of Blocks : 5
No. of Storeys : 8 & 21
Total Units : 258
Developer : Ideal Group

Commercial :
Proposed 59 units of exclusive commercial space

Residential :
2 Block (Condo-Villa Type 1)
Proposed 32 units (1.325 sq ft / unit) 8 storey
2 units per level
2 Block (Condo-Villa Type 2)
Proposed 32 units (1.500 sq ft / unit) 8 storey
2 units per level
Corridors space for extended area
1 Block (Sky-Villa)
Proposed 194 units (1.200 sq ft / unit) 21 storey
10 units per level
Large entrance corridor for extension
Podium
Elevated at Level 2, recreational podium top
Level 1 car parks (2 car parks to 1 unit) below podium
Traffic free recreation area

Project Status: Under Construction
Total Development Value:RM 110 million

rizalhakim

January 8th, 2008, 05:33 AM

Palm Palladium Condominium, Penang

http://bp1.blogger.com/_jnitJsnrRX4/R3syoO3476I/AAAAAAAABac/q-xbskRzU-c/s320/Palm+Palladium.jpg

rizalhakim

January 8th, 2008, 05:37 AM

Suites at the Waterside

http://www.seritanjungpinang.com/stp/_repository/stp/project_gallery/serviceapartments/s(1).jpg
http://www.seritanjungpinang.com/stp/_repository/stp/serviceapartments/serviceapartments_siteplan.jpg

E&O opens "Suites at the Waterside" for sale
E&O Property Development Bhd has recently opened for sale its service apartments on Penang Island called “Suites at the Waterside”.

Built around the Waterside at Seri Tanjung Pinang, the one and two-bedroom service apartments is located on a 4.8ha site and will feature a pleasure marina, waterfront promenade, retail marketplace and a five-storey lighthouse named “The Beacon”.

The developer is offering 160 units that front the sea and surrounding areas that emulates several of the world’s renowned waterfront destinations in Australia, the Mediterranean and the United States.

Buyers will have four floor plans to choose from, with built-up areas ranging from 853sq ft to 2,568sq ft with prices tagged from RM445,000 to RM1.246 million per unit. The serviced apartment is scheduled for completion by 2010.

E&O Property said, “The suites are rather unique in that they are richly-decorated. Internal floors are covered in teak timber and maximising the picturesque sea views are full-length windows.

“There are also fitted wardrobes, light fittings, air conditioning units as well as stylish designer kitchens complete with branded appliances.”

Residents will also be pampered in five-star fashion, with a full range of hotel-style, pay-on-demand services such as housekeeping, concierge and food and beverage.

“Our aim is Seri Tanjung Pinang to be on par with some of the world's most desirable resort destination to live in, sail in and vacation,” E&O said.

rizalhakim

January 8th, 2008, 05:49 AM

The Oasis Condominium, Penang

http://a10.ac-images.myspacecdn.com/images01/118/l_17850dbadbcd2cd7c1a0f7909f08ffc9.png
http://bp3.blogger.com/_jnitJsnrRX4/R2x0ae347EI/AAAAAAAABTU/H0NICJwETqs/s1600/The%2BOasis%2B(location).png

The Oasis - tucked away in Gelugor, hidden from the commotion of the city, lies Penang's latest residential investment opportunity. Situated within 6.5 acres of beautifully landscaped surrounding, The Oasis is your own sanctuary. With its distinctive architecture and detailed interior design enhanced by superior finishing. The Oasis surpasses the ordinary and redefines architecture and lifestyle.

Whether you're purchasing The Oasis as a home or as an investment, be prepared to indulge your senses in total luxury.

The Oasis is conveniently located off Jalan Yeap Chor Ee in a residential neighbourhood with easy accessibility to Bayan Lepas, the mainland and Georgetown. It's a location encircled by beautiful classical bungalows at Jalan Pemancar, adjoining neighbourhood like Minden Heights, Taman Gelugor and University Place.

This development is well-served by numerous retail stores including Tesco and Queensbay, as well as hospitals, clinics, schools and University Sains Malaysia (USM); right across from The Oasis is RECSAM

Facilities
24 hours security, CCTV, Wi-Fi, Ready centralized Astro point, Swimming Pool, Gym, Squash Court, Jacuzzi, Yoga Room, Courtyard, Barbeque Pit

Developer : NUSMETRO VENTURE (P) SDN BHD (NVPSB)

The Oasis Floor Plan ( Built-up Area : approx. 1,041 to 1,183 sq.ft.)

rizalhakim

January 11th, 2008, 04:43 AM

Delima Palace

http://www.penang-properties.com.my/catalog/newlaunch/24.jpg
http://www.penang-properties.com.my/catalog/newlaunch/24_location.jpg
http://www.penang-properties.com.my/catalog/newlaunch/24_layout.jpg
http://www.penang-properties.com.my/catalog/newlaunch/24_brochure.jpg

Property Information
Another flagship project from the established and reliable property development company after a remarkable "Gurney Palace", the state-of-the-art's super condominium at Gurney Drive... The luxury condominium comes with A Low Density condominium with an impressive built-up area of 2,600 sq. ft. A luxury of space that few can offer for Comfortable lifestyle living..
Selling Price Starting from RM 565,000.00
Region/State Penang
Area/Township Green Lane
Category Ongoing Project
Purpose Residential
Type Condominium
Builtup/Floor Area 2,600.00 sq. ft. onwards
No. of Rooms 4

rizalhakim

January 11th, 2008, 04:51 AM

http://penang-properties.com.my/catalog/newlaunch/25.jpg
http://penang-properties.com.my/catalog/newlaunch/25_layout.jpg

Property Information
Yet for all its privacy and regal ambiance, The Palazzo is within easy distance of Penang's happening mix of trendy shops, major shopping malls, premier hotels, prestigious schools, financial intitutions, fine restaurants, sidewalk cafes, lively entertaiment and the fashionable Gurney Drive.
-Exclusively low density, only 14 units of condominium and 1 duplex penthouse for this development.
-unbelievably one unit per floor for ultimate privacy; ability to command panoramic view of Penang Gurney Drive, Esplanade, inner city of Georgetown, Penang Bridge, Penang Hill and Tanjung Tokong.
-Exceptionally high ceiling; 15 feet ceiling.
-Private lift lobby for each unit.
-5-star setting, all common area to be finished with marble, quality tiles, mosaics, pebble wash and concrete imprint(basement carpark and driveway inclusive).
-Extensive landscape garden, walkway and swimming pool.
-3 parking bays held under 2 accessory parcels for each unit.
-Driver's waiting area in community hall woth video intercom link to each unit.
-Dedicated car wash area for washing, vacuuming and polishing.
-3-phase electricity supply.
-9 air conditioner outdoor units piping readily centralized and concealed into 3 air conditioner yards.
-3 heaters readily installed and connected into 4 bathrooms and dining area.
-Frameless tempered glass shower screen.
-American Standar water closet.
-Exhaust fan.
-Jacuzzi for Master Bathroom.
(Now left 2nd Floor and 5th Floor)

Selling Price Starting from RM 1,450,000.00
Region/State Penang
Area/Township Kelawai Road
Category O.C. Obtained
Purpose Residential
Type Condominium
Builtup/Floor Area 4,000.00 sq. ft. onwards

rizalhakim

January 16th, 2008, 06:43 AM

Branding approach for property project

By NG SU-ANN

PENANG: Developer Nusmetro Venture (P) Sdn Bhd is adopting a different approach to market its latest apartment project, The Oasis.

Just like branded merchandise, the RM150mil project on Penang island is being marketed as a brand.

Sales administration senior manager Lee Phoy Yeong said the most important thing in a branded product was its “look''.

“To make ours unique, we are putting in architecture lines that wrap around the building’s facade. Part of this concept is based on that of Horizon Towers in Sydney, Australia.”

http://biz.thestar.com.my/archives/2008/1/16/business/b_11oasis.jpg
An artist's impression of The Oasis project
He also said instead of the usual multi-storey apartment car parks, The Oasis’ three-storey car park would be located under the building. Other facilities include a three-tier pool with a waterfall, a jacuzzi, a gymnasium and squash courts.

The leasehold project on 2.53ha comprises 490 units with built-up areas of 1,041 to 1,183 sq ft, priced between RM240,000 and RM290,000.

Construction is expected to start in March for completion by middle of 2011.

rizalhakim

January 18th, 2008, 06:02 AM

Malton expects 25% growth in property division

By LAALITHA HUNT

Another notable project in the pipeline is the RM47mil Cantonment Road development, Malton's maiden project on Penang Island comprising of a 36-storey duplex condominium.

SEAfan

January 18th, 2008, 08:56 PM

^^ That sure is an impressive lineup of Penang projects, razilhakim! :)

Thanks a lot, and also thanks to forever consern for his construction photos. :okay:

forever consern

January 20th, 2008, 12:46 PM

Kelawai View progress
http://i4.photobucket.com/albums/y150/forever_consern/DSC00637.jpg
http://i4.photobucket.com/albums/y150/forever_consern/DSC00636.jpg

Infinity
http://i4.photobucket.com/albums/y150/forever_consern/DSC00635.jpg

rizalhakim

January 21st, 2008, 06:20 AM

Kondominium The Oasis laris

Oleh Tuty Haryanti Ahmad Rodzi

http://www.bharian.com.my/Monday/Ekonomi/20080120231259/mainpix
KEDIAMAN SELESA: Lee menunjukkan model The Oasis ketika perasmian projek berkenaan di Galeri Jualan Nusmetro, Jelutong Expressway, Georgetown.

NUSMETRO Venture (P) Sdn Bhd, yakin menjual semua 490 unit kondominium 'The Oasis' yang dimajukannya di Gelugor, Pulau Pinang menjelang pertengahan tahun ini.

Pengarah Urusannya, Leh Phoy Yeong, berkata beliau yakin The Oasis setinggi 14 tingkat yang menawarkan reka bentuk dan gaya hidup mewah akan mendapat sambutan menggalakkan apabila 40 peratus unit yang ditawarkan dijual pada hari pelancarannya baru-baru ini.

"Ditampilkan dengan ciri yang memenuhi gaya hidup masa kini serta pelbagai rekaan terbaru, Nusmetro mampu dijual sepenuhnya menjelang pertengahan tahun ini," katanya.

Beliau berkata, selain mensasarkan pembeli tempatan, syarikat akan turut mempromosikan projek berkenaan di Singapura dan Indonesia bagi menarik pembeli negara berkenaan.

The Oasis yang dimajukan di tapak seluas 2.6 hektar mempunyai nilai pembangunan kasar (GDV) RM150 juta.

Pembinaannya akan bermula Mac ini dan dijangka siap pertengahan 2011. Ia menerapkan reka bentuk menarik serta nama berprestij, kondominium yang terletak di kawasan strategik serta menghadap laut itu akan memenuhi cita rasa pembeli.

Katanya, setiap unit yang berkeluasan antara 1,041 kaki persegi dan 1,183 kaki persegi itu ditawarkan pada harga antara RM240,000 hingga RM290,000.

Setiap unit, katanya, diperuntukkan dua tempat letak kereta bawah tanah berharga RM13,000 seunit.

Leh berkata, The Oasis menggunakan reka bentuk bangunan melengkung bagi menimbulkan kelainan.

rizalhakim

January 22nd, 2008, 04:13 AM

The Brezza

http://a165.ac-images.myspacecdn.com/images01/64/l_500c0e958d64f946d09d246f3333c404.png

The Brezza the new state-of-the-art condominium located in Tanjung Tokong, Penang. It brings you beautiful panoramic views from the wide windows that charms the inner beauty of the place call home. One unique advantage is the brilliant layout that links important spaces to one private lanai which is available in all units. Wide array of facilities and amenities completes this impressive V-Shaped condominium.

Location : Tanjung Tokong
No. of Blocks : 2
No. of Storeys : 23
Total Units : 312
Unit per Floor : 7
Built-up Area : approx. 1,250 - 1,450 sq.ft.
http://bp1.blogger.com/_jnitJsnrRX4/R5Rw3-34_fI/AAAAAAAAB3o/qSBVstQPiaQ/s400/Brezza+(location).JPG

Facilities
24-hours security, covered car park, club house, broadband ready, intercom connecting condo to guardhouse, children's playground, infinity swimming pool, jacuzzi, wading pool, cafe & gymnasium, reflexology track, landscape garden, BBQ area

rizalhakim

January 22nd, 2008, 04:15 AM

Hillcrest Residences

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Hillcrest Residences is majestically perched on Bukit Jambul at approximately 57.5 metres (188 feet) above sea level, commanding panoramic views, adjacent to a Robert Trent Jones Jr. designed golf course, luxury bungalows and the award-winning 5-star Hotel Equatorial. It is surrounded by lush greenery and is a mere 6-minutes drive from the Penang International Airport and the Bayan Lepas Free Trade Zone. There is easy access to restaurants, shopping malls, hospitals and many other amenities.

Spread over a generous 5.4 acres, Hillcrest Residences is possibly the lowest density high-rise residential development in Penang. With just 65 units in Tower 1 (Phase 1), 79 units in Tower 2 (Phase 2) and at only 4 units per floor, it is set to become the most sought-after luxury address on the island.

Each residence has a floor area of approximately 2,227 sq.ft., sized generously to cater for the comfort of modern family. Each tower is adequately served by three lifts. Quality finishing and fittings area provided.

Location : Bukit Jambul
Type : Condominium
Tenure : Leasehold
No. of Blocks : 2
No. of Storeys : 20
Total Units : 65 (Tower 1), 79 (Tower 2)
Units per Floor : 4
Built-up Area : approx 2,227 - 2,287 sq.ft.
Developer : Bukit Jambul Condominiums Sdn Bhd

Facilities
24-hours security, covered car park, visitors car park, swimming pool, children's pool, landscape garden and recreational park, children's playground, jacuzzi, steam and sauna, gymnasium, squash court, badminton court, tennis court, BBQ area, jogging track, meeting rooms, lounge, games room, multipurpose room, launderette, broadband Internet infrastructure, satellite TV (ASTRO) Master antenna

rizalhakim

January 22nd, 2008, 04:17 AM

Putra Marine Resort Condominium

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Putra Marine Resort Condominium offers the best of condominium living for the discerning few. An 18-storey luxurious condominium with 126 sea-facing units, Putra Marine offers comprehensive condominium facilities to make every day a resort feeling day.

Within sight of the Isle of Jerejak and Penang Bridge, the waterfront home is an ideal combination of natural scenic landscaping and panoramic seascaping rolled into one. The views are with you from the first light of the day to long after dusk. Catch the rising sun to start your day; see the setting sun colour the sky and the moonlight shimmer across the sea.

Located in the prime location of Sungai Nibong, the condominium is meticulously designed to reflect elegance and harmony. Buildings of stunning ultra-modern designs coupled with countless recreational and practical facilities make lining at the private Putra Marine Resort the ultimate in luxury lifestyles.

Property Address : Persiaran Bayan Indah, Penang
Location : Bayan Lepas
Type : Condominium
Tenure : Leasehold
Completion : 2007
No. of Blocks : 1
No. of Storeys : 18
Total Units : 126
Built-up Area : approx. 2,027 - 2,723 sq.ft.
Developer : Techware Enterprise Sdn Bhd

Facilities
24-hours security, squash court, tennis court, water fountains, sauna, community hall, main lobby, gymnasium, exercise corner, BBQ-pit, jacuzzi, swimming pool, wading pool, aquatic pond, slide pool, reflexology path, children's playground, garden pathway, sun bed deck

rizalhakim

January 22nd, 2008, 04:19 AM

Ixora Heights Apartment, Penang

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Ixora Heights Apartment located in a matured peaceful neighborhood of Sungai Nibong, with close proximity to University Sains Malaysia (USM), Equatorial & Vistana Hotels, Bukit Jambul Complex, eateries, public transports and market that are all within reach.

Ixora Heights Apartment is specially designed for comfort. Each unit is a spacious 960 to 1804 sq.ft. built-up area, with three bedrooms, two bathrooms for standard units and four bedrooms, three bathrooms for deluxe units. Both with a kitchen living-cum-dining room and an innovative balcony design.

Live in comfort with good ventilation and enjoy the panoramic view of the surroundings as each unit has a strategic corner position, 8 units per floor for standard units and 4 units per floor for deluxe units. Low density apartment, with only 148 units in total and all corner units, enjoy real privacy at Ixora Heights.

Location : Sungai Nibong
Type : Apartment
No. of Blocks : 1
No. of Storeys : 20
Total Units : 148
Unit per Floor : 8
Built-up Area : approx. 960 - 1,804 sq.ft.
Developer : PDC Properties Sdn Bhd

Facilities
24-hours security, card access system, covered parking lots, landscaped gardens, reflexology track, children's playground, BBQ pit, Astro & Internet ready, car washing bay, multi-purpose hall, gymnasium, surau, recreation room, function room

rizalhakim

January 22nd, 2008, 06:07 AM

SDB set to make its mark on Batu Ferringi

PETALING JAYA: In its maiden venture into Penang, Selangor Dredging Bhd (SDB) is looking to develop boutique serviced apartments along the tourist belt of Batu Ferringi, Penang said SDB
managing director Teh Lip Kim (pix).

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“We may look into boutique serviced apartments and villas complimented by hotel and resort facilities, but this depends on what we find is best suited for the land. This is the last parcel of land on this stretch that has Batu Feringgi beach frontage, thus it has excellent potential,” said Teh.

Teh added that Batu Feringgi is popular with locals and foreigners and the purchase matches the company’s strategy of obtaining land in locations that will add value for future developments.

SDB, through its wholly-owned subsidiary Crescent Consortium Sdn Bhd had recently entered into a sale and purchase agreement with Alpine Accord Sdn Bhd to acquire three freehold parcels of land measuring a total of 4.7-acres for RM24.5 million or about RM120 psf.

The three parcels are situated on Batu Feringgi, with Jalan Batu Feringgi on one side and the Batu Feringgi beach on the other. It is also between two hotels — the Grand Plaza Parkroyal Penang and Bayview Beach Resort. Work on the land is slated to commence mid-2009 onwards.

On the purchase price, Henry Butcher Malaysia (Penang) chief executive officer Lim Ewe Tatt said it was a fair one. “SDB would have to build a highend development on the site to be able to recover the purchase cost. A highquality product with the right concept, preferably landed, would fare well.

However, supply for upmarket properties has been constant in that area, so there might be a need to look abroad for purchasers,” Lim told theSun.

ED Bid Properties Sdn Bhd executive director Edward Eow agreed, saying that the land was acquired at a reasonable price as a nearby plot of 32,000 sq ft was sold at RM150 psf. “SDB’s land is in a prime location with beach and mainroad frontage. It would be suitable for something tourism-related,” Eow said.

SDB started off as a tin mining company and is now focused on property activities such as property management and leasing, hotel and property development.

rizalhakim

January 24th, 2008, 08:40 AM

Belleview has Penang projects lined up

By DAVID TAN

PENANG: The Belleview Group has lined up eight commercial and residential projects on the island with estimated gross sales value of RM1.2bil, to be launched in the first half of this year.

Belleview managing director Sunny Ho told reporters that the projects included an up-market shopping mall, which was a joint venture between the Belleview Group, Lions Group and a US-based investment fund company.

"The other big project for 2008 is Season Park, comprising 800 units of lifestyle condominiums in Air Itam.

"We plan to price the units from RM180,000 onwards, depending on the built-up areas, which range between 850sq ft and 2,000sq ft," he added.

The other projects lined up included the Palmyra Residences in Balik Pulau, comprising terrace and semi-detached houses; the 6 Western Avenue in Jalan Utama, comprising solely bungalow homes; Seasons Place in Air Itam, comprising solely commercial properties; Melody Homes in Air Itam, comprising apartments with recreational facilities; the Bukit Dumbar Residences in Bukit Dumbar, a landed residential project; and Moulmein Rise in Pulau Tikus, a luxurious commercial-cum-residential project. Founded in 1984, the Belleview Group has to date completed 4,238 units of residential and commercial properties located in Penang and Kulim, Kedah, with an estimated gross sales value of RM1.3bil.

cool!!!

rizalhakim

January 31st, 2008, 06:19 AM

casa prima

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forever consern

January 31st, 2008, 01:29 PM

the project just sell to Bumiputera only..haiiiii

main contractor is Wabina Construction & Engineering Sdn Bhd

rizalhakim

February 5th, 2008, 04:55 AM

ISLAND RESORT PENANG BY IVORY GROUP

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CONTACT :

73, Birch House, Jalan Dato Keramat,
10150 Georgetown, Penang, Malaysia.

t +604 2108000
f +604 2270000/2277888
e ivorypg@po.jaring.my

rizalhakim

February 6th, 2008, 05:47 AM

Ivory Properties bangun projek terbengkalai di Tanjung Tokong

IVORY Properties Group akan membangunkan semula projek perumahan Fettes Villa di Jalan Mount Erskine di Tanjung Tokong, Pulau Pinang yang terbengkalai lebih 10 tahun lalu.

Pengarah Urusannya, Datuk Low Eng Hock, berkata proses pembangunan semula itu dijangka mengambil masa selama tiga tahun dan membabitkan kos sehingga RM70 juta, tidak termasuk kos pembinaan.

"Kami dalam proses menyiapkan konsep projek terbabit dan kos pembinaannya hanya diketahui selepas itu," katanya pada sidang media di Pulau Pinang.

Beliau berkata selepas majlis memeterai perjanjian membangunkan semula projek itu antara anak syarikat Ivory Properties - Ivory Villas Sdn Bhd, Malaysia Building Society Bhd (MBSB) sebagai pihak pembiaya projek dan Gewaris Sdn Bhd, bekas pemaju prorjek perumahan terbabit.

Hadir sama, Ketua Menteri, Tan Sri Dr Koh Tsu Koon; Pengarah Eksekutif Ivory, Datuk Nazir Ariff Mushir Ariff; dan Pengerusi MBSB, Tan Sri Abdul Hali Ali.

Fettes Villa dengan nilai pembangunan kasar RM247 juta, merangkumi tiga menara yang setiap satu setinggi 38 tingkat, selain 30 lot komersial dibangunkan di atas tanah seluas 5.4 hektar.

Projek yang bermula pada 1995 dan dijadual siap pada 1997, terbengkalai sejak 1996 akibat krisis ekonomi melanda Asia, sekali gus memberi kesan kepada 582 pembeli.

Sementara itu, Koh berkata, kerajaan negeri gembira kerana ada pemaju yang sanggup menghidupkan kembali projek ini, walaupun sudah terbengkalai lebih 10 tahun.

forever consern

February 6th, 2008, 11:22 AM

Skyhome Super condominium
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Sri Kristal
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Springtide Residences
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Harmony View
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rizalhakim

February 11th, 2008, 04:08 AM

Penang island draws luxury home builders

By DAVID TAN

THE most expensive landed residential properties on the Penang island today are located in Tanjung Bungah, Tanjung Tokong and Batu Ferringhi in the North-East district, and Sungai Ara in the South-West district.

These properties are three-storey terraced, three-storey semi-detached and three-storey bungalows, which are priced between RM800,000 and RM3mil.

The builders are reputable developers from Kuala Lumpur and Penang.

Henry Butcher Malaysia (Penang) Sdn Bhd director Dr Teoh Poh Huat said: “Generally, the value of landed residential properties in these areas have appreciated by about 10% yearly since the dawn of the new millenium.”

He told StarBiz that due to high land cost and rising building material prices, it was no longer profitable for developers to build double-storey houses.

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Some of the completed Hill View Garden terraced houses in Tanjung Bungah.
“About two years ago, developers here started to build three-storey homes with larger built-up areas and higher selling prices.

“Presently in the market, the selling price for a three-storey terraced starts from about RM800,000, while for a three-storey semi-detached house ranges from RM1.3mil to RM1.8mil, depending on the size.

“The three-storey bungalow unit is priced between RM1.8mil and RM3mil,” he said.

In Tanjung Bungah, Chong Co Group, a reputable developer with good track record, is developing the Hill View Garden, comprising about 200 units of three-storey terraced and three-storey semi-detached houses on a 20-acre site.

“These properties, priced between RM800,000 and RM1.8mil, are over 80% sold.

“They are selling well because of their large built-up areas that can cater to the needs of families living with their grandparents,” Teoh said.

The Hill View Garden three-storey homes have built-up areas ranging from 3,300 to 5,000 sq ft, depending on the type that come with four to five bedrooms, and porches large enough to accommodate three cars.

In Batu Ferringhi, similar types of three-storey landed residential properties were being developed, said Teoh.

“Blossom Time Sdn Bhd is launching in mid-2008 some 129 units of three-storey landed residential properties comprising semi-detached and bungalow homes, which are part of a RM400mil development called Ferringhi Park.

“Again, the emphasis is on the large built-up areas of the units, which come with five to seven rooms, depending on whether it is a semi-detached or a bungalow unit.

“The semi-detached units are priced at RM1.2mil, and the bungalows at RM1.8mil,” he said.

The semi-detached units have built-up areas of 3,995sq ft, while the bungalows 4,300sq ft.

Teoh said the first batch of 57 three-storey semi-detached and bungalow houses, launched last year, were over 80% sold.

rizalhakim

February 11th, 2008, 05:57 AM

SEAVIEW TOWER@HARBOUR PLACE

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Developer :
PJD Eastern Land Sdn. Bhd. (92843-H)
(A member of PJ Development Holdings Group)
Lot 2446 & 2447, Jalan Chain Ferry
Seberang Perai Utara
12100 Butterworth, Penang
Tel : 04 - 332 1188 Fax : 04 - 332 3128

forever consern

February 11th, 2008, 11:13 AM

this project already completed ma...by KL company

rizalhakim

February 18th, 2008, 08:21 AM

Harmony View, Jelutong

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Peaceful Living Together
Move up to a new lifestyle at Harmony View. A stylish and modern apartment you can call your own. It’s also easy to own one with up to 100% loan available. And it’s right next to all the important amenities and services you need.
All Fully Financed. No Hassle. Insist on The Harmony Upgrade Package that will turn your apartment into a home – with top grade finishes and additions ensuring you don’t need further messy renovations when moving in. Plus, your very own car park.
Join the many happy owners of Belleview projects at Symphony Park and Taman Kheng Tian today.

Harmony View Apartments
Winning Features:
Podium Deck of 1.18 acres consisting:
BBQ pit Outdoor exercise park Jogging track Children's playground Smart card access Pergola Landscaped and lighted podium deck Community hall Gymnasium Close proximity to amenities Next to SRJK (C) Kheng Tean
The Upgrade Package*:
Elegant timber skirting Quality 16" x 16" floor tiles Quality ceramic wall tiles for kitchen Anti-slip floor tiles for wash area, bathroom and toilet Concealed water heater piping and electrical point for bathrooms Upgraded sanitary wares and fittings Fully covered car park lots *Upgrade package is fully financed. Terms and conditions apply.
For more information on the Harmony View,
you can reach us at
Tel: 604-282 1999
Fax: 604-281 5700
email: write2us@belleview.com.my

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rizalhakim

February 18th, 2008, 08:31 AM

Moulmein Rise Residential

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For more information on Moulmein Rise,
you can reach us at
Tel : 604-229 1999, 282 1999
Fax : 604-229 6999, 281 5700

rizalhakim

February 21st, 2008, 04:26 AM

Hunza Prop sets sights on foreigners
By Marina Emmanuel
Published: 2008/02/20

The developer wants to promote the high-end 'Alila 2' residential project in Penang to buyers from Europe, Hong Kong, South Korea, Indonesia and Singapore

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HUNZA Properties Bhd (Hunza) plans to launch a high-end residential project on Penang island in 2010 to capture demand from foreign buyers.

The new project, codenamed "Alila 2", is sited on a 4ha plot in Tanjung Bungah. It will be promoted to buyers in Europe, Hong Kong, South Korea, Indonesia and Singapore.

Hunza executive chairman Datuk Khor Teng Tong yesterday said the project, which is expected to carry a development value of between RM230 million and RM280 million, will be located next to its current "Alila" tropical-garden development.

It will be carried out with joint-venture partner Nilai Ariff Sdn Bhd.

"We want to continue with our strategy of tapping the strong international demand for iconic properties," he told a media briefing in Penang.

Alila 2 will comprise a mix of landed properties and condominiums and is likely to be more expensive than the existing project which is almost sold out.

It will also offer value-added services like concierge and limousines as part of the project.

Hunza's undeveloped landbank in Penang currently totals 200ha in Bertam in Seberang Prai.

"We are looking to expand our landbank in the Klang Valley now that our Mutiara Seputeh project is almost sold out. We want to continue maintaining our presence there," Khor said.

Hunza is likely to announce a land acquisition in the Klang Valley soon, he added.

hmmmm....the project 2 be lauch in 2010????2 years from now???

rizalhakim

February 21st, 2008, 08:08 AM

NEW DEVELOPMENT IN THEAN TEIK ESTATE
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Strategically located at the junction of Lorong Batu Lanchang & Lebuhraya Thean Teik.
1km away from the well-established Bandar Baru Air Itam (Farlim).
The BL Avenue has an excellent established infrastructure around it; 5 minutes to Penang Bridge & 15 minutes to town.
Public amenities such as: market, renowned primary & secondary schools, hypermarket, hospital, clinics, police station, banks, post office and other conveniences are in the vicinity.
Situated atop an elevated ground, it captures the panoramic view of Georgetown, Penang Bridge or Kek Lok Si Temple, complemented by undulating scenic lush green hills.
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The 19 storey BL AVENUE apartment block is sitting on a podium block of multi storey carpark.
For a relaxed and exquisite lifestyle, residents can enjoy podium rooftop facilities at its aesthetically landscaped garden or indoor facilities.
BL AVENUE also provides CCTV, 24-hour security service & Smart Card access to ensure the safety of its residents.
Large floor space of 1,100 sq. ft. [Typical Unit] and 2,200 sq. ft. [Penthouse with rooftop garden] .
Two covered carpark will be allocated to each apartment unit.
Only 10 units per floor and 168 units in totall served by 3 hi-speed lifts.
Centralised Astro signaL ready to every apartments units.
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REKA INDAH DEVELOPMENT (PENANG) SDN. BHD. (436968-U)

Head Office:
e-Gate 1-04-02, Lebuh Tunku Kudin 2, 11700 Gelugor, Penang
Tel: 04-658 8800
Fax: 04-657 8800

Sales Office:
16-B, Ground Floor, Lebuhraya Thean Teik, 11500 Penang.
Tel: 04-826 8000, 828 7700
Fax: 04-827 8700

rizalhakim

March 4th, 2008, 09:39 AM

The Peak

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The Peak nestled into the valley of Mount Erskine, stands tall and majestic amidst the lush greenery. The Peak @ Mount Erskine, the best of living and convenience under one breathtaking garden roof at 500 feet above sea level.

Located at the foot of Mount Erskine near the thriving Fettes Park, The Peak is well tucked away from the hustle and bustle yet closed enough to all the conveniences, even on foot. With Gurney Bay in the vicinity, the view from The Peak is of the towering skyscrapers along Gurney Drive, forming the skyline of this famed water front.

Location : Mount Erskine, Tanjung Tokong
Type : Condominium
Built-up Area : 1,000 - 2,160 sq.ft.
Developer : Ivory Properties Group

Facilities
Infinity lap pool, wading pool, jacuzzi, gymnasium, sauna, children's playground, sun-bathing deck, BBQ-area, garden, multi-purpose hall, games room

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prices started from RM288k

TYW

March 10th, 2008, 12:30 PM

^^ the roof top garden looks huge! it's gonna be like gardens in the sky!! anyone buying unit there?? bring me up there yea?? ha ha....

forever consern

March 10th, 2008, 02:24 PM

a very good idea by Ivory Group

rizalhakim

March 15th, 2008, 03:37 AM

JM’s new unbilled sales in Penang at RM160mil

By DAVID TAN

davidtan@thestar.com.my

PENANG: IJM Properties Sdn Bhd has about RM160mil of unbilled sales from its new property launches in Penang since November 2007.

The amount was part of its total unbilled sales of some RM580mil, managing director Teh Kean Ming told StarBiz.

“In Penang the contribution comes from Nautilus Bay, a landed residential scheme located off the Jelutong Expressway, and Platino, a luxurious condominium project in the MetroEast mixed-development scheme next to the Penang Bridge,” he said.

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The Nautilus Bay project
The RM190mil Nautilus Bay project, completed recently, comprises 78 three-storey terrace houses with built-up areas of 2,600 sq ft.

Priced between RM780,000 and RM1.2mil, the Nautilus Bay is about 85% sold.

“The buyers are mainly locals and Singaporeans,” Teh said.

He added that Nautilus Bay was IJM’s first project in Penang to employ build-and sell concept and having obtained certificate of fitness.

On Platino which was launched last November, Teh said the scheme comprised two tower blocks of 228 detached condominiums.

“There are five units on each floor with built-up areas ranging from 1,800 to 2,800 sq ft.

“We have sold about 60% of the units, which are priced from RM700,000,” he said, adding that the project was scheduled for completion in 2010.

rizalhakim

March 17th, 2008, 07:09 AM

Malton going into more high-end projects

STORIES by ANGIE NG

MALTON Bhd is making efforts to further strengthen its branding in the residential and commercial property segments with a line-up of more exciting projects over the next two to three years.

The company is looking at adding more value to its land bank of more than 600 acres in various parts of the country.

“At present, some 70% of the company's projects are high-end while 30% are projects in the various existing townships, including in Puchong and Bukit Rimau, Shah Alam,” chief operating officer Yeoh Teng Tatt told StarBiz.

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Yeoh Teng Tatt and Tracey Lai showing a model of the VSQ project.

He said that having multiple projects at the right addresses would drive the company's earnings over the next three to five years.

“We are moving into more prestigious developments and will offer more superior and higher end products as part of our brand-building initiatives,” he added.

Malton director of sales and marketing Tracey Lai said the company had RM2.1bil worth of new projects lined up for launch in the next two to three years, including the unveiling of new phases in existing developments.

“For the current financial year ending June 30, Malton is targeting sales of RM400mil compared with RM120mil recorded last year,” Lai said.

Niche developments to be launched this year include Ukay Springs, an upmarket residential enclave on 56 acres in Hulu Klang, comprising 150 units of 2½-storey semi-detached house and bungalow.

In Sungai Long, Malton will build high-end residences on a 67-acre site worth a gross development value (GDV) of RM330mil, while in Taman SEA, plans are afoot to build 35 bungalows, semi-detached houses and zero lot residences.

A mixed commercial development on 2.7 acres in Taman Maluri, Cheras, will comprise service apartments, office suites and a retail mall worth a GDV of RM195mil.

In Penang, a 36-storey condominium block on 0.7 acre along Cantonment Road will mark Malton's maiden entry into the state's property market. The RM47mil project will be launched later this year.

Malton's recently launched projects include Pearl Villas, comprising 42 units of 3-storey semi-detached villa and two bungalows on 4.8 acres in Petaling Jaya's Section 16, with a GDV of RM110mil.

Another flagship project is Amaya Saujana @ Saujana Subang in the vicinity of the Saujana Golf & Country Resort comprises three blocks of 13-storey residential suites. The project has a GDV of RM250mil.

Planned as a resort lifestyle development, Amaya offers generous spaces in its unit layout and its surrounding landscape. The initial soft launch of phase one has attracted 80% take up rate so far.

Meanwhile, an integrated commercial project is underway on a 2.6-acre plot in Jalan Utara, Petaling Jaya, which used to be the site of a Lutheran Church.

V Square (VSQ) features two blocks of corporate tower, a block of corporate business suites, and two blocks of corporate offices, with retail space on the ground floors. The project will have a GDV of RM207mil.

“Vibrant, vital and visionary, VSQ is designed to offer a stylish working environment in a prime location,” she added.

Lai said Malton was also the project development manager for The Pearl @ KLCC, which comprises a high-end condominium project along Jalan Stonor in Kuala Lumpur.

The 41-storey block of 177 luxurious condominiums is located on a 1.8-acre site, opposite the Embassy of Vietnam, within the KL City Centre enclave.

The spacious residences, including seven duplexes and three penthouses, will have built-up areas from 3,000 to 20,000 sq ft.

“Its international architecture design and futuristic concept have won admiration from many interested buyers, including foreigners and expatriates.

“Besides state-of-the-art security system, the residences will be fitted with smart home features. There will also be a well-equipped clubhouse,” she said.

In Seremban, a 17-acre plot will be developed into bungalows and shop offices worth a GDV of RM160mil.

rizalhakim

March 21st, 2008, 09:17 AM

Another project by Plenitude Berhad in Penang

Celebrate life’s best moments as you deservingly should…

Close your eyes and tilt your head back as you lay on a deck-chair while basking in the glistening rays of the morning sun and listening to the tranquil sounds of rolling waves onto the white sandy shoreline.

Behold the scenario. Imagine living it right from the very comforts of your balcony…

Dreams such as these can now come true at Plenitude Berhad’s latest upcoming development at Batu Ferringhi, Penang. A spectacular freehold development overlooking the sea sited on the prime stretch along Ferringhi Beach in Penang. Malaysia’s popular beach getaway and a tourist destination. This development is made up of 112 units of luxurious condominiums and 44 units of exclusive semi-detached villas that offer a stunning view of the scenic setting against the golden sunset.

http://a220.ac-images.myspacecdn.com/images01/6/l_c32c01d1e503f4e951dbb9a2434dc093.png
Condominiums: luxury living amidst the clouds

The condominium units offer the best orientation commanding sea views come with large balconies that open up to the turquoise sea where silhouettes of passing ships glide across the horizon. These low density condominiums come with 6 designs to choose from in all with built-up sizes ranging from 1,777 to 5,872 sq. ft. Designed as “bungalows in the sky”, these condominiums feature high ceiling with spacious and functionally planned layouts to maximize space and minimize wasted corners. The ideal home for those with a penchant for dramatic sunsets and a love for sea breeze.

For condominiums in Batu Ferringgi, please click here - http://www.iproperty.com.my/property/development.asp?pid=1158

http://www.iproperty.com.my/reviews/plenitude2/Type-A.jpghttp://www.iproperty.com.my/reviews/plenitude2/Type-C.jpg
Semi-detached villas: indulge in extravagance as you arrive home

For those who prefer lower altitude living and being closer to ground, all is not lost as you have the option to own a semi-detached villa with a view unlike any other. With extravagant built-up from 3,443 to 4,069 sq. ft., these villas are designed with unsurpassed features that truly inspire. With 3 designs to select from, these magnificent villas bring out the best in modern tropical living.

Entertain your guests at the lanai while you sip on a glass of thirst-quenching beverage or you could choose to laze the day away on the private terrace. you read your favorite book. After all, it is a place designed to pamper and to relieve you from stress at work. It is a home that shelters you and reinvigorates your mind, body and soul.

For semi-detached villas in Batu Ferringgi, please click here - http://www.iproperty.com.my/property/development.asp?pid=1159

A reserved location for with every convenience you need

This development surpasses the quality of resort living you aspire to find anywhere else. Apart from the generous built-up sizes of the condominium and the villas, the entire development lives up to its promise of low density living. Residents of condominiums will have access to facilities such as swimming pool, children’s pool, gymnasium, jacuzzi, children’s play area and many more.

The location is a hallmark by itself as the development is located on a site that needs no introduction. It is haven packed with flourishing businesses and resorts that cater not only to tourists but locals as well. Statistics have shown that properties along this much sought after stretch are known to rise in value even before they are completed.

Developed by Plenitude Heights Sdn Bhd, a wholly owned subsidiary of Plenitude Berhad, an esteemed developer with many accolades to their name. For more information on how you could be a proud owner of these outstanding homes, contact 04-899 1001 or visit www.plenitude.com.my

Developer

Plenitude Heights Sdn Bhd (39315-P)
No.505, Jalan Tanjung Bungah, Tanjung Bungah, Pulau Pinang, 11200 Penang
Phone: 604-899 1001
Fax: 604-899 1331
fh_mkt@plenitude.com.my
www.plenitude.com.my

rizalhakim

March 21st, 2008, 11:25 AM

http://edparchitects.com.my/images/pf-res9.jpg

6 BLOCKS OF HIGH RISE APARTMENTS IN PENANG ISLAND
(in association with Heerim Architects and Planners)

any idea what project is this???

forever consern

March 21st, 2008, 01:26 PM

this one is at Sri Tanjung Pinang?

WhyS

March 21st, 2008, 07:04 PM

http://edparchitects.com.my/images/pf-res9.jpg

6 BLOCKS OF HIGH RISE APARTMENTS IN PENANG ISLAND
(in association with Heerim Architects and Planners)

any idea what project is this???

Perharps is New apartment project by Bellaview @ Air Itam ?

forever consern

March 22nd, 2008, 12:49 PM

is it ? the one is previously the abandoned project (Taman Cemerlang)

wooikuang

March 22nd, 2008, 03:25 PM

where is Taman Cemerlang?

forever consern

March 22nd, 2008, 04:33 PM

the abandoned project, will redevelope by Belleview Group

forever consern

March 23rd, 2008, 05:20 AM

skyhome

http://i4.photobucket.com/albums/y150/forever_consern/DSC00684.jpg

built_in_me

March 24th, 2008, 08:53 PM

oh my god whats the taman cemerlang thing....whats that all bout...is there any other details....they look stunning.....after tsunami...penang property projects are also progressing like tsunami....mmmm the peak/fettes villa...malton development....plenitude dev....etc.etc.etcetc...southbay city....penang rocks....

rizalhakim

March 25th, 2008, 08:57 AM

SeaView Tower @ Harbour Place

http://www.pjdprop.com.my/harbour/pic/Sea-View-Tower-3D.jpg

http://a294.ac-images.myspacecdn.com/images01/126/l_8149d2402849e7f3425ea6dd991609fd.png

rizalhakim

March 25th, 2008, 08:58 AM

http://a406.ac-images.myspacecdn.com/images01/102/l_ecf544c135adc7b34348461494b3c98d.png

http://a481.ac-images.myspacecdn.com/images01/112/l_b7c1529ed8a40a2d9bae0e78f2a2df80.png

rizalhakim

March 25th, 2008, 10:49 AM

TYW

March 27th, 2008, 08:06 PM

this one is at Sri Tanjung Pinang?

Perharps is New apartment project by Bellaview @ Air Itam ?

is it ? the one is previously the abandoned project (Taman Cemerlang)

where is Taman Cemerlang?

the abandoned project, will redevelope by Belleview Group

oh my god whats the taman cemerlang thing....whats that all bout...is there any other details....they look stunning.....after tsunami...penang property projects are also progressing like tsunami....mmmm the peak/fettes villa...malton development....plenitude dev....etc.etc.etcetc...southbay city....penang rocks....

http://edparchitects.com.my/images/pf-res9.jpg

6 BLOCKS OF HIGH RISE APARTMENTS IN PENANG ISLAND
(in association with Heerim Architects and Planners)

any idea what project is this???

i have seen that pic in an arthitect's website a long time ago so i don't think it is a new project.

if you look closely, there's a beach in that pic, so it might not be taman cemerlang which is in farlim.

i think that this project do not exist...

TYW

March 27th, 2008, 08:09 PM

^^ since when did Harbour place's buildings turn so ugly?? all the buildings there look good in their early renderings...

built_in_me

March 29th, 2008, 12:04 AM

wasted...such a nice looking project....eeesssshhhhh.......it looks like the initial design of miami beach condo 5 towers of 26-29 condo with half orange and white...but long time back maybe 8-10 years....i mean the design and the whole plan looks similar thats why....

rizalhakim

March 29th, 2008, 08:04 PM

PDC unit to launch condo projects in Bayan Mutiara
By Marina Emmanuel
Published: 2008/03/29

PENANG Development Corp's (PDC) property arm PDC Properties Sdn Bhd (PDCP), which has built high-end homes at Bayan Mutiara on Penang island, will embark on three condominium developments with total gross development value of RM671 million.

The project, also at Bayan Mutiara, spreads out in three parcels on 7.8ha of land.

"The first condo project at Parcel 1 is called 'Mutiara Pica' and is set for launch in October," PDCP chief executive officer Osman Kallahan told Business Times.

http://www.btimes.com.my/Current_News/BTIMES/Saturday/Nation/bayan6.xml/Article/Current_News/BTIMES/Images/btgraph7/pica2.jpg

http://www.btimes.com.my/Current_News/BTIMES/Saturday/Nation/bayan6.xml/Article/Current_News/BTIMES/Images/btgraph7/pica.jpg
Construction of the first phase is expected to commence in January 2009 and completed in July 2011.

Osman said Mutiara Pica will comprise of 432 mid-range condominiums priced between RM260,000 and RM420,000 per unit.

The second and third parcels, which are expected to be completed by 2012 and 2013 respectively, will feature 980 units of high-end condominiums.

The Bayan Mutiara development, which is sited on a 40ha site, will boast of high-end homes, affordable housing units, schools, a mosque and a government administrative complex, including the State Legislative Assembly building, when completed.

It is also sited within the Penang Multimedia Super Corridor cybercity.

Last June, PDC sold a 0.82ha plot to the Inland Revenue Board to build a 16-storey corporate tower there.

The Marine Police department has also purchased land totalling 4ha within the development.

Other projects on the drawing board for Bayan Mutiara's residential component include the construction of affordable homes and these will comprise low-medium cost and medium- cost apartments.

"The affordable units will total 536 with a price range from RM75,000 to RM200,000.

"Both projects, which are sited on 2.2ha, carry a gross development value of RM70 million," Osman added, saying that the projects are slated to begin construction in July 2009 and be completed by December 2010.

Already under construction by PDCP are its D'Residence bungalow and courtyard homes.

built_in_me

March 31st, 2008, 06:44 AM

ggoooooooodddd news guys.....finally bayan mutiara is moving..that land was reclaimed like about 13-14 years ago....

rizalhakim

April 2nd, 2008, 10:22 AM

Affin, Mutiara Goodyear in Penang housing pact

http://bp2.blogger.com/_BWQmSsODfo8/R_Mx8yr6JyI/AAAAAAAACFs/kpVvOAc3C9w/s400/joint.jpg
Affin Islamic Bank CEO Kamarul Ariffin Mohd Jamil (left) exchanging documents with Hamidon Abdullah. Looking on is Affin Islamic Bank chairman Jen (R) Tan Sri Datuk Seri Ismail Omar

KUALA LUMPUR: Affin Islamic Bank Bhd and Mutiara Goodyear Development Bhd have entered into a musharakah (joint venture) financing arrangement for a high-end residential development in Penang with a gross development value of RM180mil.

Under the joint venture, Mutiara Goodyear would be responsible for the construction and sales of the development while Affin Islamic Bank would provide the required financing facilities.

Affin Islamic Bank chief executive officer Kamarul Ariffin Mohd Jamil said the musharakah was established via a registered special purpose vehicle called Affin-i Goodyear Sdn Bhd in which Affin Islamic Bank and Jurus Positif Sdn Bhd, a wholly owned subsidiary of Mutiara Goodyear, are joint partners.

“The financing arrangement is the first in the country to feature a combination of hybrid Islamic financing products in a partnership where profit and losses are shared equally. This is truly advantageous in times of economic uncertainty,” he said at the signing ceremony yesterday.

Mutiara Goodyear executive chairman Hamidon Abdullah said the company was in the midst of obtaining Penang state government approval for the development on an 8.8 acres in Bukit Gambir.

He did not anticipate any problems in getting the green light, adding that the project should take three years to complete.

“We are targeting the affluent market and are confident that this development would enjoy a high take-up rate, buoyed by the dynamic Penang property market and the influx of foreigners residing under the Malaysia MySecond Home Programme,” he said.

The property developer, which has an undeveloped land bank of about 800 acres in Penang and the Klang Valley, has lined up a few launches.

“We are planning commercial developments, comprising a shopping podium and office blocks at PJS 11 in Sunway; office suites at Prima Avenue, Kelana Jaya; and high-end bungalows at Nadayu Melawati, Ampang,” Hamidon said but did not elaborate.

Affin Islamic Bank, which celebrated its second anniversary yesterday, has targeted a 10% growth in pre-tax profit this year from RM58mil last year.

The bank, which hopes to increase its disbursement of loans by 15% this year from the total of RM1.7bil in 2007, also plans to expand to Indonesia in the near future.

“Islamic banking penetration is very low as it comprises only about 1% of total banking assets in Indonesia,” he said, adding that the bank also hoped to springboard to China as well as the Hong Kong market via its 25% stakeholder, Hong Kong-based Bank of East Asia Ltd.

By The Star (by Laalitha Hunt)

cooltemper

April 3rd, 2008, 11:54 AM

I thought Goodyear only make tyre?

TYW

April 3rd, 2008, 07:06 PM

PDC unit to launch condo projects in Bayan Mutiara
By Marina Emmanuel
Published: 2008/03/29

The Bayan Mutiara development, which is sited on a 40ha site, will boast of high-end homes, affordable housing units, schools, a mosque and a government administrative complex, including the State Legislative Assembly building, when completed.

i thought the government will not be moving anymore???

please renovate KOMTAR rather than moving here and there!!!:bash:

cooltemper

April 4th, 2008, 02:45 AM

i thought the government will not be moving anymore???

please renovate KOMTAR rather than moving here and there!!!:bash:

:applause:

I like to see Komtar rebirth.

rizalhakim

April 4th, 2008, 07:34 AM

Spring Condominium

http://a104.ac-images.myspacecdn.com/images01/71/l_98596927ddb46dd4ea63a14616bdbd77.jpg

cooltemper

April 5th, 2008, 03:51 AM

Spring Condominium

http://a104.ac-images.myspacecdn.com/images01/71/l_98596927ddb46dd4ea63a14616bdbd77.jpg

This angle is a rare photo angle. I like it..

forever consern

April 5th, 2008, 01:22 PM

http://i4.photobucket.com/albums/y150/forever_consern/Image894.jpg

http://i4.photobucket.com/albums/y150/forever_consern/Image895.jpg

http://i4.photobucket.com/albums/y150/forever_consern/Image897.jpg

built_in_me

April 6th, 2008, 05:42 PM

SSSTTTTTUUUUUUUNNNNNNNNIIIIIIIIIIIGGGGGGGGGGGGG....................................

cooltemper

April 7th, 2008, 03:31 AM

i think this building has toppled the cove in term of height if view from butterworth.

forever consern

April 7th, 2008, 04:08 PM

the cove is 41 storey, this is just 39 storey, but i terms of overall height, I think is taller than the former...

Developer: Coronation Spring

Main Contractor: North Malaya Builders

cooltemper

April 8th, 2008, 02:49 AM

Ya, in term of storey, they might loose out by 2 floors, but total height, they sure win. It mean they have more roof height compare to the cove. Now it should be the tallest resident building in Penang.

forever consern

April 8th, 2008, 04:55 PM

yes, definitely!!!

but heard that they construction work is much delay, compared to the planning schedule

rizalhakim

April 18th, 2008, 04:49 AM

Ivory Properties to launch high-rise projects
By DAVID TAN

PENANG: Ivory Properties Group plans to launch more than 1,000 high-rise properties with an estimated gross sales value of about RM450mil on the island over the next two years.

General manager Chok Keng Vui told StarBiz the high-end condominiums would be in Batu Ferringhi and Mount Erskine.

“The Batu Ferringhi project, Island Resort, will comprise 410 condominiums with built-up areas measuring from 1,100 sq ft and selling prices starting from RM350,000.

“The project in Mount Erskine, called the Peak, will comprise more than 600 condominiums with built-up areas from 1,100 sq ft and priced from RM290,000,” he said.

Chok said the Island Resort was targeted at house buyers who wanted to get away from urban life and enjoy the serenity of the seaside.

“The Peak, close to Tanjung Tokong town, is for those who want to stay close to shopping complexes, supermarkets and hawker centres,” he added.

Ivory Properties is now developing RM1.137bil worth of property projects on the island, including the RM1bil Times Square mixed development project in Jalan Datuk Keramat and the RM137mil Moonlight Bay villa project in Batu Ferringhi.

Since 2003, Ivory Properties has completed and sold high-rise and landed residential, and commercial properties with an estimated gross sales value of about RM500mil in Penang.

Ivory Properties was founded in 1999 by Datuk Low Eng Hock, whose first project was Tanjung Park Condominiums in Tanjung Tokong.

In 2005, the company launched the RM1bil Times Square project.

Due to its unique “urban village concept”, this project was featured in the Autumn 2005 special edition of the Architecture China magazine, one of the top professional design magazines in the Asian property industry.

Low, 45, is a graduate in engineering from Canada’s Concordia University.

forever consern

April 20th, 2008, 02:41 PM

http://i4.photobucket.com/albums/y150/forever_consern/P4200064-1.jpg

http://i4.photobucket.com/albums/y150/forever_consern/P4200065-1.jpg
SUNTECH TOWER

forever consern

April 20th, 2008, 02:44 PM

SKYHOME

http://i4.photobucket.com/albums/y150/forever_consern/P4200069.jpg
http://i4.photobucket.com/albums/y150/forever_consern/P4200066.jpg
http://i4.photobucket.com/albums/y150/forever_consern/P4200067.jpg

forever consern

April 20th, 2008, 02:45 PM

http://i4.photobucket.com/albums/y150/forever_consern/P4200068.jpg
Springtide Residences

CEO
http://i4.photobucket.com/albums/y150/forever_consern/P4200066-1.jpg

forever consern

April 20th, 2008, 02:45 PM

Sri Saujana
http://i4.photobucket.com/albums/y150/forever_consern/P4200064.jpg
http://i4.photobucket.com/albums/y150/forever_consern/P4200065.jpg

forever consern

April 21st, 2008, 10:01 AM

Infinity

http://i4.photobucket.com/albums/y150/forever_consern/P4210073.jpg

http://i4.photobucket.com/albums/y150/forever_consern/P4200070.jpg

Kelawai view

http://i4.photobucket.com/albums/y150/forever_consern/P4210071.jpg
http://i4.photobucket.com/albums/y150/forever_consern/P4210072.jpg

agent

April 21st, 2008, 11:20 AM

any one looking to purchase condos ..do msg me..im a freelance property agent

forever consern

April 21st, 2008, 03:22 PM

what is the selling of springtide residences recently?

agent

April 21st, 2008, 06:13 PM

rm1.9million..

forever consern

April 22nd, 2008, 01:15 PM

expensive than The Cove is it?

but the one just besides Springtide Residences, SKYHOME should be the most expensive, RM2.2 minimum onwards

forever consern

April 22nd, 2008, 01:56 PM

Harmony View

http://i4.photobucket.com/albums/y150/forever_consern/DSC00028.jpg

http://i4.photobucket.com/albums/y150/forever_consern/DSC00201-2.jpg

rizalhakim

April 30th, 2008, 05:26 AM

Penang property still drawing investors

Now that the dust has settled after the March 8 general election, the property market in Penang is expected to be stable and moderate for the time being, says Michael Geh, director of Raine & Horne International Zaki + Partners.

Although there is talk that planned mega projects under the Northern Corridor Economic Region (NCER) — the second Penang bridge, light monorail system, Penang Outer Ring Road (PORR) and Rapid Penang bus service — might be halted, Geh says local and foreign investors do not seem to be shying away from Penang. In fact, he says, it is the other way around; all these factors are attracting them to invest in a “cleaner and transparent” environment.

“This may be attributed to new government policies promoting equal opportunity, be it in education, politics or business. These are deemed as clean and transparent policies especially with regard to land issues,” says Geh.

Presenting The Edge Raine & Horne International Zaki + Partners Penang Housing Property Monitor for the period between January to March this year (1Q2008), Geh says factors such as low unemployment rate, steady GDP growth, as well as a balanced and equitable national economic development all point towards greater opportunities for the property development and investment market for this year.

“However, due to volatile uncertainties in the global market, foreign investors may, in the second quarter, be more cautious about investment opportunities,” he adds.

Geh also foresees a slow start for take-up rates of projects that had already been launched in the coming quarter as locals play wait-and-see because of the political restructuring.

“The people are curious to observe strategies implemented by the DAP-led government to boost Penang’s economy, especially in the property sector,” he shares.

Nonetheless, Geh says that 2008 will be a historical chapter in Penang’s property market as more and more people are willing, and able to afford, luxurious residential developments. Luxurious developments, especially the high-rises have been coming up in Penang since 3Q2007 and he sees this as “new branding” for Penang properties.

“Nowadays, people are looking at modern tropical facades surrounded by lush greenery and serene landscaping. Spacious and airy tropical homes that boast courtyard terraces are being offered. Homes have a resort feel to them and come with private seafront enclaves compared to the traditional 1,400 sq ft, 2-storey terrace demarcated with concrete fencing located just next to one’s working office,” Geh explains.

Research by Raine & Horne show that most of the newly launched projects are gated communities, with intercoms connected to a guardhouse, 24-hour CCTV surveillance and 24-hour security. Geh says this reflects the public’s awareness of rising crime. Hence the trend for luxurious residential properties in Penang.

According to him, in 1Q2008, Penang’s properties were gravitating towards international standards, with developers building luxurious residential properties to support demand from the expatriate community as well as local and foreign investors.

The target market for these luxury properties include upgraders, local and foreign investors looking to make a profit, and foreigners living in Penang under the Malaysia My Second Home (MM2H) programme, who are mostly retirees.

“Being one of Malaysia’s front-runners in property investment after Kuala Lumpur, Penang’s waterfront developments are now comparable to the international waterfront communities, including Sentosa Cove in Singapore and the Palms in Dubai or even Australia’s Sovereign Islands,” he says.

In response to the rising construction costs and growing number of foreigners pouring into the Penang property market, new developments carry “international” price tags. A survey done by Raine & Horne during the Penang International Property Expo 2008 revealed that at least 75% of the soft or officially launched strata projects comprised luxurious condominiums or super condominiums priced between RM350,000 and RM2.2 million.

Most of these projects are coming up in Northern Penang, especially around the tourist belt — Tanjung Bungah, Tanjung Tokong and Batu Ferringhi. Sales are doing quite well, according to Geh.

In Tanjung Bungah, Bolton Bhd’s luxury condominium, Surin, recorded 100% take-up rate for Block A while Block B is up to 80% sold. In Queensbay, Baystar by CP Landmark Sdn Bhd was 100% since March 2008 while Ferringhi Heights by Plenitude Heights Sdn Bhd, located in Batu Ferringhi, is 50% booked even before its soft launch next month.

Apart from these, Penang’s iconic developments are also attracting a wider range of potential buyers. For example, 80% of E&O Property Development (Penang) Sdn Bhd’s Seri Tanjung buyers are from Penang, Ipoh, Sungai Petani and Kuala Lumpur, while the remaining 20% are foreigners. Meanwhile, Hunza Properties intends to promote Alila 2 — a high-end landed and condominium residential project in Tanjung Bungah — to buyers from Europe, Hong Kong, South Korea, Indonesia and Singapore, says Geh.

He says limited supply of landbank in the northern side has shifted landed housing development to the south, especially to low-medium income areas such as Sungai Ara, Batu Maung and Balik Pulau. “As more and more small-scale contractors cum developers come into Balik Pulau, potential land prices have appreciated at least 10% compared to 4Q2007. We foresee Balik Pulau as a new housing gold mine for developers,” says Geh.

For landed properties, owners are advised not to rush, as the current RM755,000 for a 1,650 sq ft 3-storey home is still conservative, he says. “A similar unit at Changkat Sungai Ara area was transacted at RM765,000 in 4Q2007,” he adds.

Meanwhile, in the secondary residential market, there has been a slowing down of market activities with prices stabilising, says Geh. Prices of standard 2-storey terraced houses sized between 1,300 sq ft and 1,800 sq ft remain largely unchanged except for a slight increase in Sungai Nibong and Seberang Perai Selatan, with prices appreciating 1.89% and 2.86% respectively.

In Minden Heights, prices of 2-storey semidees sized between 3,000 sq ft and 4,000 sq ft increased by 2.56% while in Pulau Tikus, 2-storey bungalows sized 6,500 sq ft and above rose by 2.17%.

As for rentals, things were on the quiet side except for the tourise belt of Tanjung Tokong, Tanjung Bungah and Batu Ferringhi, where rentals have increased for both landed and strata properties.

In Tanjung Tokong, rentals of 2-storey bungalows sized 6,500 sq ft and above increased 1.92% while similar properties in Tanjung Bungah saw a 1.85% hike. Also in Tanjung Bungah, rental rates increased the most for 3-bedroom apartments sized 900 sq ft or more, recording a 3.57% hike.

Overall, rental rates for 3-bedroom flats sized between 700 sq ft and 750 sq ft in Green Lane increased the most, recording a 4.41% hike.

by The Edge Daily

built_in_me

May 2nd, 2008, 10:52 AM

wow...i guessed it accurately...balik pulau is gonna be the next vast area which will undergo massive change as lack of landbanks in the east side.....goes accordingly with the massive impovement of the roads in the teluk kumbar-balik pulau region....

forever consern

May 4th, 2008, 04:03 AM

http://i4.photobucket.com/albums/y150/forever_consern/P5040064.jpg

BL Hill & BL Avenue

rizalhakim

May 5th, 2008, 07:57 AM

IOI Properties in for steady flow of earnings
By ANGIE NG

In Penang, IOI Properties' parent IOI Corp Bhd will be developing a four-acre site in Tanjong Tokong, Penang, into a 35-storey condominium block.

Fettes Residence will comprise 191 condominiums with average built-up of 1,800 to 2,000 sq ft that will be priced from RM380 per sq ft. There are also four penthouses of 4,000 sq ft. Most of the condominium units have sea views.

rizalhakim

May 6th, 2008, 10:08 AM

Malton on aggressive drive

On increasing its landbank, Lai says Malton is looking outside the Klang Valley. In Penang, it is planning to launch a 36-storey condominium block on Cantonment Road, and in Seremban, a mixed development project with bungalows on Jalan Tun Dr Ismail.

TYW

May 10th, 2008, 10:11 AM

great to hear the property take up rate is still strong... on with more towers!!! yay!!!

rizalhakim

May 12th, 2008, 06:55 AM

Too close for comfort

http://bp3.blogger.com/_jnitJsnrRX4/SCUGbjzqRRI/AAAAAAAACcE/nF4htVofyjI/s320/aa2.jpg

SOME 30 families residing along Changkat Bukit Gambir 2 in Penang are living in fear of a tower crane at a construction site located close to their homes.

C.S. Yeoh, whose house is located next to the Vista Gambier construction site, said he had been having sleepless nights ever since the crane was placed there.

“Construction work started more than a year ago. But the crane was only brought in last week,” he said.

Seri Delima assemblyman R.S.N. Rayer urged the Penang Municipal Council to check on the safety aspects at the site as the crane was located too close to the homes.

“We do not want any untoward incident to occur. The crane also poses a hazard to children playing outside the houses,” he said.

A company representative, who was at the site, said he was not at liberty to make comments.

Last month, residents claimed that the construction works had caused cracks on some 10 houses in the area.

The council had then directed the developer to repair the cracks after State Local Government, Traffic Management and Environment Committee chairman Chow Kon Yeow visited the area.

The Vista Gambier project, a 19-storey high condominium block with two wings and 144 units, is scheduled for completion at the end of next year.

by The Star

rizalhakim

May 13th, 2008, 04:03 AM

IJM Properties to unveil Summer Place
By DAVID TAN

http://bp2.blogger.com/_BWQmSsODfo8/SCk7L_Uk4nI/AAAAAAAACfM/DWn_oiNrRQQ/s400/Summer-Place-condominium.gif
Comprising 500 units, Summer Place, would be priced from RM250,000 upwards per unit. Built-up space range from 990sq ft to 1,440sq ft.

PENANG: IJM Properties Sdn Bhd is launching the RM140mil Summer Place condominium project at the Bandar Seri Pinang mixed-development scheme, off the Jelutong Expressway, in the third quarter.

Managing director Teh Kean Ming said Summer Place, comprising 500 units, would be priced from RM250,000 onwards, depending on the built-up areas, which range from 990 sq ft to 1,440 sq ft.

“The key attraction is the 6km sea-front promenade we are constructing in front of the Summer Place.

“We have spent RM9mil so far to construct the first two km,” Teh told StarBiz.

“Our plan is to develop 28 landed commercial properties designed to accommodate food and beverage business along the promenade at the end of this year,” he said.

He pointed out that the Summer Place would also have comprehensive clubhouse facilities.

http://bp3.blogger.com/_BWQmSsODfo8/SCk4_PUk4kI/AAAAAAAACe0/Bhmj4F-L16M/s400/Summer-Place-Condo-image.jpg
The key attraction is the 6km sea-front promenade.

The latest project by IJM at Bandar Seri Pinang was The Spring project, which enjoyed brisk sales during its launch in May.

“The Spring, comprising 396 condominium units, was 75% sold during the first day (of launch).

“It was about 80% completed when we launched it, which explains the overwhelming response it received, as the purchasers get to save substantially on interests for loans,” he added.

According to Teh, the RM190mil Nautilus Bay project, launched in March, consisting of 78 three-storey terrace houses, is IJM’s first project in Penang to employ the build-then-sell concept.

forever consern

May 19th, 2008, 11:02 AM

KOMTAR phase 3 project (Lion Mutiara Parade)

http://i4.photobucket.com/albums/y150/forever_consern/P5190066.jpg

http://i4.photobucket.com/albums/y150/forever_consern/P5190067.jpg

http://i4.photobucket.com/albums/y150/forever_consern/P5190068.jpg

http://i4.photobucket.com/albums/y150/forever_consern/P5190069.jpg

http://i4.photobucket.com/albums/y150/forever_consern/P5190070.jpg

rizalhakim

May 22nd, 2008, 09:44 AM

The Uban? Cuban? or Suban? Looks nice but 16 storeys only.

http://i284.photobucket.com/albums/ll23/kubundu/uban.jpg

nice huh

rizalhakim

May 26th, 2008, 06:06 AM

Apply to convert to freehold status, CM tells landowners

Residential leasehold landowners in Penang can begin applying to the state government to convert the government land into freehold, said Chief Minister Lim Guan Eng.

He said the state was studying a new land policy, which would allow the 30-year, 60-year or 99-year leasehold land be converted into freehold land on a case-by-case basis.

“We are also looking into allowing the tenure of leasehold industrial land owned by the state government to be extended from 60 years to 99 years.

“Those given the approval must, of course, pay the land premium,” he said after he led a donation drive at the Air Itam market for the Sichuan Earthquake Fund yesterday.

Lim said the move to change the land policy was decided at the state Exco meeting on Friday but there were legal hurdles to overcome.

“We have to make sure that this policy is in compliance with the National Land Code,” he said.

He said the study would include the economic impact on both businesses and on the state.

Lim said extending the tenure of leasehold industrial land would help companies apply for bank loans.

“The state state government will also benefit from the premium to be paid for the extended lease tenure,” he said.

On leasehold commercial land, he said there would be no change to the land policy, which extends to 99 years.

Lim said the state government would take steps to ensure those allowed to convert residential leasehold land into freehold do not sell off the land immediately.

He said each landowner has to submit their own application for the change of land status.

“Those who want to apply can start applying now and if they need help, they can contact their assemblymen,” he said.

A total of RM2629.20 was collected from the public during the one-hour donation drive.

Also, those present were state DAP chairman Chow Kon Yeow, state party secretary Danny Law and Air Itam assemblyman Wong Hon Wai.

by The Star

rizalhakim

May 29th, 2008, 08:43 AM

http://a921.ac-images.myspacecdn.com/images01/10/l_ec2bc79c13a0625e0936e7e440679738.png

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http://a974.ac-images.myspacecdn.com/images01/110/l_82a628012e33c688c73d499d7a190585.png

rizalhakim

May 29th, 2008, 11:40 AM

Condos for the Japanese
RAINE & Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh is confident the time is ripe to market Penang properties more aggressively to the Japanese market.

His latest project is to sell three tower blocks at the Teluk Air Tawar condominium development in Butterworth to Japanese who are keen to have a vacation or second home close to three golf courses.

http://bp0.blogger.com/_jnitJsnrRX4/SD5dY5qNdbI/AAAAAAAAChM/Lb5zwW1xOQY/s400/aa.jpg

Located north of the Butterworth ferry terminal, the project site takes only 15 minutes to reach by car via the newly-built Seberang Perai Coastal Road.

Comprising 72 three-bedroom units in each of the three blocks, the project was revived this year and is undertaken by Welcome Properties Sdn Bhd.

Standard units have a built-up space of 1,328sq ft and come in two layout designs. They are all designed as corner units. The en bloc sale is estimated at RM30 million per block.

Geh, whose firm is in Penang, cites the scenic coastal location with a panoramic view of Penang island as an important selling point. The development site faces Tanjung Bungah and Tanjung Tokong on the island.

But the main attraction for targeted Japanese buyers is the proximity of the Teluk Air Tawar condo development to three golf and country clubs, namely, Cinta Sayang, Permaipura and Havard Jerai. They are all located to the north-east in Kedah. Cinta Sayang is only 20 minutes away by car.

And with the vibrant growth of commercial centres and retail outlets in Butterworth, residents will have no lack of shopping facilities such as the Tesco, Makro and Carrrefour hypermarkets.

As for food and beverage outlets, the highly popular Auto City commercial centre at Juru is a choc-a-block full of bars and restaurants offering all types of cuisines including Japanese and Korean as well as Western food.

With liberal conditions under the Malaysia My Second Home scheme, the Teluk Air Tawar development may soon become another Japanese enclave with spin-off services to cater to this expatriate community.

rizalhakim

June 3rd, 2008, 11:10 AM

From leasehold to freehold
Leaseholders of state land have welcomed Penang’s new land policy allowing them to convert their property to freehold status as it would mean an increase in property prices.

Pioneer Bayan Baru resident and the area’s Rukun Tetangga chairman Chai Tsing Boo, 64, said he would meet with the township’s various residents associations (RA) and Bayan Baru MP Datuk Zahrain Mohamed Hashim to discuss the procedures for getting their residential leasehold titles converted.

“Everything we know so far is from the media. I think it is important to speak to a state representative who can advise us on what needs to be done so that we can submit the relevant forms collectively,” he said.

http://bp1.blogger.com/_jnitJsnrRX4/SETX1CrziYI/AAAAAAAACjE/oD5kSWRFw6g/s400/aa.jpg

According to Chai, “thousands and thousands” of Bayan Baru township homeowners would benefit from the policy as a majority of the homes there were built by the Penang Development Corporation (PDC).

“Developed in 1974, my single storey terrace house was under the first phase of PDC’s Bayan Baru development comprising 477 single-storey terrace houses and 74 units of single-storey semi-detached houses.

“The unit was originally priced at RM29,500. Today, despite being a 99-year leasehold property, the value has increased by sevenfold.

“Some of my neighbours who have renovated their homes managed to sell them for about RM300,000,” he said, adding that there was “about 30 years” left on his lease.

“Of course I will take advantage of the conversion policy because I want to leave our family home to my children,” he said, adding that under the last administration, a similar conversion policy was allowed but only for certain areas.

Food outlet owner Azhar Ramli and his mother, Halijah Yusof, were both unaware of the new policy but welcomed the news.

“Between my two siblings and me, we own two commercial shop lots and four flats in Bayan Baru – all are 99-year leasehold properties by PDC.

“We definitely want to convert our residential titles and will find out more at the Land Office on the procedures involved. Hopefully the premium won’t be too high,” Azhar, 36, said.

Halijah was “very happy” but hoped the policy could be extended to include conversion of commercial leasehold units into freehold titles as well.

A photographer who only wanted to be known as Ch’ng, said he would not be “rushing” to convert his land just yet.

“We don’t know how long it will take for the re-alienation to take place. If it is within six months, then I will consider.

“For people like us who are not planning on selling our units, the increase in value after conversion doesn’t really make a difference. In fact, we may end up paying more in assessment after conversion,” the 56-year-old said.

Penang Development Corporation Properties Sdn Bhd (PDCP) chief executive officer Osman Kallahan said he was in “total agreement” with the new land policy as it would benefit the rakyat.

“The change in title will add value to the property, making it more ‘bankable’. This will allow PDC home owners to upgrade their lives and standard of living,” he said, adding that prior to 2005, all PDC development projects in the state were leasehold properties.

“In the past 35 years, PDC had built 22,000 homes but since PDCP was incorporated three years ago, we have developed four freehold projects on the island and mainland.

“With this new policy, we hope to focus on building freehold properties from now on so that we can offer home owners a more valuable title," he said.

Real Estate and Housing Developers Association (Rehda) Penang chairman Datuk Jerry Chan lauded the new land policy as it would prevent property prices from dipping.

"Generally, property prices always appreciate in value but if you own a leasehold property, the prices of the land or unit will fall after a certain period.

"For example, if you have a 99-year leasehold property, chances are you will not be able to sell it for a good price if you only have about 20 years left on the lease.

"Furthermore, a leasehold property can only remain in the family for two or three generations - which is not long at all," he said, adding the home owners still preferred to purchase freehold over leasehold property if given choice.

"Just look at Singapore and Kuala Lumpur.

"A freehold title can easily fetch between 25% and 30% more in market as compared to a 99-year leasehold property. At the end of the day, a freehold title will give you peace of mind because it is more tangible - you can renovate it and give it to your children without worrying," he said.

Raine & Horne International senior partner and property consultancy director Michael Geh agrees.

"I believe conversion will result in an immediate property appreciation of over 30%.

"Lim's new land policy is definitely a good decision as it provides certainty for land title holders," he said, adding that the majority of PDC's residential developments were leasehold titles.

"My advise is to apply for the conversion but let your lawyer and bank handle the legal documentation process for you," he said.

Geh also noted that the decision to allow commercial and industrial leasehold owners to extend their 66-year lease to 99 years would instil "confidence" in leaseholders in investing in their companies.

rizalhakim

June 3rd, 2008, 11:14 AM

http://farm4.static.flickr.com/3101/2538579782_b760946f69_o.jpg

http://farm3.static.flickr.com/2033/2537760791_d79b663dac_o.jpg

http://www.pearlregency.co.kr/images/sale/01_01.jpg

Official Site
http://www.pearlregency.co.kr

TYW

June 4th, 2008, 12:53 PM

^^ hopefully that's not the final design. it's so so so horrible!!

rizalhakim

June 5th, 2008, 04:49 AM

^^ bad huh?? difnt ppl got difnt taste i guess...

rizalhakim

June 5th, 2008, 04:49 AM

found this but not sure whether dis is new

http://www.tamanratu.com/images/Properties%20BIG/PBHlogo200.jpg

http://www.tamanratu.com/images/T4rev/5_CMYK_RC.jpg

Pay 10% and balance upon completion
90% Financing
5% discount for Bumiputra

http://www.tamanratu.com/images/T4rev/6_CMYK_FP.jpg
This waterfront haven has the added bonus of assured exclusivity with only 68 units available for select adquisition. With up to 2,950 sq.ft. per residence, The Waterfront is a true statement of luxury & prestige.

http://www.tamanratu.com/images/T4rev/7_CMYK_FP.jpg
Enjoy the confort & relaxation with your family and loved ones in a resort home where every thought is put into the layout for better functionality and practicality
(Approx. build-up area: 1,475 sq.ft.)

http://www.tamanratu.com/images/T4rev/7_CMYK_FP.jpg
The extra spacious corner units take into consideration your need for extra space with built-up of 2,950 sq.ft. for a truly lavish setting that is epitome of modern luxury living.
(Approx. build-up area: 2,950 sq.ft.)

http://www.tamanratu.com/images/Properties%20BIG/Map410.jpg

Specifications

Structure: Reinforced concrete frame
Roof: Pitched roof
Walls: Cement bricks/concrete panels

Doors:
Entrance: Hardwood decorative door
Bathroom: Waterproofed timber plywood flush
Others: Timber plywood flush door

Windows: Naturalised anodised aluminium frame and clear glass

Ironmongery: Quality locksets

Floor Finishes:
Living & Dining: Quality ceramic tiles
Bedrooms: Quality ceramic tiles
Kitchen & Baths: Quality ceramic tiles
Balcony & Drying Area: Quality ceramic tiles

Wall Finishes:
Bathrooms: Quality ceramic tiles to ceiling height
Kitchen: Quality ceramic tiles to ceiling height
Other Internal Areas: Quality emulsion paint
External Areas: Quality spray tiles
Woodworks & Metalworks: Quality gloss paint

Ceiling Finishes: Skim coat paint & asbestos free superflex boards

Sanitary Fittings:
Type A: Master Bathroom:
Quality white glazed basin with vanity top
Wall mounted shower rose
Quality white glazed
sitting W.C.
Soap holder
Toilet roll holder

Type B Master Bathroom:
Quality white glazed basin with vanity top
Wall mounted shower rose with shower screen
Quality metal longbath with handset shower
Quality white glazed sitting W.C.
Soap holder
Toilet roll holder

Type A&B Other bathrooms:
Quality white glazed basin
Wall mounted shower rose
Quality white glazed sitting W.C.
Soap holder
Toilet roll holder

Kitchen: Single bowl stainless steel sink

Electrical Installation
Adequate power plug points,light points & ceiling fan points are provided
Door bell point at entrance
Water heater point at master bathroom
A/C point at master bedroom

Telephone
Plug-in telephone points at living and master
bedroom

TV Point
Plug-in MATV point at living and master bedroom

Other Common Facilities
Main swimming pool
Children’s wading pool
2 hi-tech passenger lifts
Poolside BBQ pit
Gymnasium room
Changing rooms
Sauna rooms
Jacuzzi
Community Hall
Central refuse room
24-hours security
Ample carparks

Contact:
55-11-A (Menara Northam)
Jalan Sultan Ahmad Shah, 10050 Penang
Telephone: 604-226 9537
Fax: 604-227 6841
sales@tamanratu.com

TYW

June 5th, 2008, 05:41 AM

^^ bad huh?? difnt ppl got difnt taste i guess...

i meant Perl Regency. The light looks cool of course! in fact, i think the light has the best design than any other IJM developments :yes:

rizalhakim

June 6th, 2008, 11:01 AM

any construction pic for this project???

http://www.am-el.net/project_illus/CP_BlockB_DT.jpg

Project :Crystal Prestige Block B

Property Type :15 Storey Medium Cost Condominium

Facilities :Sharing the same facilities available from Crystal Prestige Block A. Please see Crystal Prestige Block A for details.

Est. Launch Date :2007

Est. Completed Date :2010

Tenure :Freehold

Listing Price :RM 220,000 to RM 235,000

Bumiputra Discount :5 %

Unit Type :Total 42 units.

Single Type - 875sq.ft.

Show Unit / Location :Jalan Free School, Section 6, Penang Island

http://www.am-el.net/project_pic/CP_LocationB.jpg

http://www.am-el.net

rizalhakim

June 6th, 2008, 11:18 AM

Pinhorn Suites

http://bp2.blogger.com/_jnitJsnrRX4/SEjj-SrzidI/AAAAAAAACjs/du__h9NASVc/s400/Pinhorn+Suites.jpg

Pinhorn Suites a low density, exclusive and luxurious condominium development. The apartment sizes range from about 1,700 sq.ft. to 3,000 sq.ft per unit with basement car parks, roof gardens, gymnasium, & covered swimming pool. Sculpted in concrete and glass the building contrasts clearly with the surrounding making it even more extraordinary. Each floor of the building comprises only 2 units of apartment and serviced by 2 elevators.

Location : Jalan Pinhorn, Greenlane, Penang
Type : Condominium
Total Units : 24
Built-up Area : approx. 1,700 - 3,000 sq.ft.
Developer : Harta Intan Group
Price : RM700,000 onwards

http://bp1.blogger.com/_jnitJsnrRX4/SEjl2CrziiI/AAAAAAAACkU/bVtC8Wl2m90/s400/Pinhorn+Suites+(location).jpg

TYW

June 6th, 2008, 03:58 PM

wooikuang

June 7th, 2008, 05:46 AM

built_in_me

June 9th, 2008, 06:34 AM

thats true.....their designs for penang projects are great...suits an island......even their low-cost properties dont look that bad.....anyway it's good that there are fairly a number of low-medium cost projects also....thinkin in positive way it only helps to convert kampung to urban as clearing of kampung will clear eye-sores and leaves back more land for development....it also increases the lifestyle of kampung residents as they move into these low-medium cost properties....im always waiting for the demolition of the bayan baru squatters as bayan baru is really coming up with much prestigious projects.....anyway can anyone let me know bout the status of these projects....the peak , pier at the weld quay , suites at the waterside , the one esp bout the 28 storey tower , bayvillas , the brezza , wikiworld , lcct penang airport , the light reclamation , platino grand tower , hard rock hotel , prima prai's runnymede residence project , the paragon's problem , medico-tourism p.jerejak , casa prima takjung tokong malay kampung which caught fire recently and moulmein rise. thanx

rizalhakim

June 9th, 2008, 07:45 AM

^^ u can check from countdown2020 and search it from there....

rizalhakim

June 10th, 2008, 05:33 AM

that looks like Halaman Krystal. and Halaman Krystal has been completed for a few years already

i think this is the 2nd or 3rd phase since they lauchd it last year.

rizalhakim

June 10th, 2008, 05:43 AM

rizalhakim

June 13th, 2008, 04:08 AM

Mutiara Goodyear in Penang venture with Tambun Indah
Published: 2008/06/13

PROPERTY developers Mutiara Goodyear Development Bhd and Penang-based Tambun Indah Group are jointly developing a RM776 million residential development in Seberang Prai, Penang.

Situated on three parcels of freehold land measuring 101.48ha, it is part of the remaining 284ha piece of land owned by Mutiara.

Mutiara's landbank in that area originally stood at 434ha, of which 150ha has already been utilised to develop the Bandar Tasek Mutiara township that houses over 4,000 units.

In a statement yesterday, Mutiara said a joint venture company called Tambun Indah Development Sdn Bhd has been established.

Mutiara's wholly-owned subsidiary, Pembangunan Bandar Mutiara Sdn Bhd holds a 30 per cent stake in the company, while Tambun Indah's two major shareholders - Siram Permai Sdn Bhd and Amal Pintas Sdn Bhd - have a 55 per cent and a 15 per cent stake, respectively.

Tambun Indah Development will purchase all three parcels of land from Mutiara for RM123.5 million and will undertake the development of residential properties on the land in phases.

rizalhakim

July 5th, 2008, 08:28 AM

Bolton eyes more land in Penang
By DAVID TAN

GEORGE TOWN: Bolton Bhd plans to spend RM200mil to acquire by March suitable sites in the north-east of Penang island for new residential projects, said executive chairman Datuk Azman Yahya.

“We plan to launch high-end residential properties with gross development value (GDV) of between RM600mil and RM800mil.

“The properties will comprise high-rise condominiums and landed residential homes,” he said after launching the company’s RM200mil Surin condominium project in Tanjung Bungah.

“In view of soaring energy and building material prices, Bolton will price its future properties 20% to 30% higher,” he added.

Construction work on the condo project is expected to start this month and scheduled for completion in three years.

http://thestar.com.my/archives/2008/7/4/business/b_10azman.jpg
Datuk Azman Yahya with a model of the Surin condominium

Azman said about 65% of the 198 units in the first tower were sold during the soft launch.

Another 192 units in the second tower will open for sale tomorrow, he said.

“The key features of Surin include 850 parking bays in a multi-storey car park.

“Other facilities are a gymnasium, four high-speed lifts and closed-circuit television connected to the guard post,” he added.

The units have built-up areas of between 1,307 and 2,827 sq ft and are priced from RM364,988 to RM1.2mil.

“The units have higher floor-to-ceiling height and bigger balcony space,” Azman said.

He said Bolton was lining up a new range of residential properties with an estimated GDV of RM1.5bil.

These projects will be launched in the next 12 months.

The bulk of them were in the Klang Valley, including the RM1bil Mayang scheme, Tijani 2 North, Condo 3, Bolton Court and The Piazza in Puchong, Azman added.

rizalhakim

July 8th, 2008, 03:50 AM

http://www.btimes.com.my/Gallery/bolton.gif?display=medium
HIGH-END RESIDENCE: Bolton Bhd executive chairman Datuk Azman Yahaya taking a closer look at the model of the Surin condominium project in Tanjung Bungah, Penang.

rizalhakim

July 8th, 2008, 05:28 AM

http://farm4.static.flickr.com/3092/2648656758_950a25bfbb_o.jpg

http://a348.ac-images.myspacecdn.com/images01/45/l_d55993927b10aaf6971546e59346896b.jpg

rizalhakim

July 8th, 2008, 05:32 AM

http://a124.ac-images.myspacecdn.com/images01/81/l_1a28b12434364ef1ae2e2932dcdab65b.jpg

http://a88.ac-images.myspacecdn.com/images01/42/l_672e336aeaae815d2a56301cd38c3c27.jpg

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http://a866.ac-images.myspacecdn.com/images01/77/l_35e0d6add669ab79182fa1b0cab58b69.jpg

rizalhakim

July 8th, 2008, 05:34 AM

http://a946.ac-images.myspacecdn.com/images01/116/l_d1a3e362c39cb7b21d60b7520e06c9f9.jpg

http://a222.ac-images.myspacecdn.com/images01/60/l_84e321fef10b57252d6307e49d6e9635.jpg

http://a34.ac-images.myspacecdn.com/images01/17/l_3b3e5f89ea3cbace514f6d45a0d2dc99.jpg

rizalhakim

July 11th, 2008, 10:02 AM

http://www.botanica-ct.com.my/images/imgprolmc00.jpg

built_in_me

July 14th, 2008, 01:41 PM

i'm wondering bout the malton's project in cantonment road....any idea guys....

rizalhakim

July 15th, 2008, 04:17 AM

Capital value of Palm Palladium up by 50%
by DAVID TAN

GEORGE TOWN: The capital value of Harta Intan Group's Palm Palladium in Minden Heights on the island has increased by over 50% in about 24 months.

Group director Amir Hussain Abdul Majid said the recently-completed 28-storey property was now selling at RM300 per sq ft, compared with RM200 in 2006 when it was first launched.

Located near the Bukit Jambul Golf & Country Club, Palm Palladium has 134 units, of which 123 units, or 90%, are sold.

The built-up areas of the units ranged from 1,150 to 2,400 sq ft.

“The project, now waiting for its certificate of fitness, is testimony that if the development is strategically located, its appreciation will be fast,” Amir told StarBiz.

He said the group was now revising the selling price of several of its projects for this year.

http://biz.thestar.com.my/archives/2008/7/15/business/b_07palladium.jpg
The Palm Palladium condominium project at Minden Heights

“Since the cost of construction has increased by about 30%, we need to adjust our selling prices for the new launches.”

Among the new launches that will bear the revised pricing are the 18-storey Pinhorn Suites, Taman Livingston in Parit Buntar, and Taman U 16 in Shah Alam.

The Pinhorn Suites was originally priced at about RM350 per sq ft, while the Taman Livingston and Taman U 16 houses at about RM123 per sq ft.

Established in 1996, the group has to date completed over 2,000 commercial and residential properties on the island and mainland with an estimated gross sales value of about RM180mil.

rizalhakim

July 17th, 2008, 09:12 AM

rizalhakim

July 22nd, 2008, 04:02 AM

MRCB to buy land in Penang
Published: 2008/07/22

MALAYSIAN Resources Corporation Bhd (MRCB) plans to acquire a freehold land in Penang for RM26 million.

MRCB entered into a sales and purchase agreement with MBSB Development yesterday to purchase the beach-front land measuring 13,533 sq metres.

The land, located near Bayview Hotel and opposite to Ferringhi Villa, will be used by MRCB to develop high-end apartments.

rizalhakim

July 24th, 2008, 09:45 AM

A rendering of the Peak at Mt Erskine, I like the criss-cross thing wahatever it is. And the rooftop garden too.
http://i284.photobucket.com/albums/ll23/kubundu/peak.jpg

The Peak ‘ together with the Government, Ivory Properties Group is rescuing this abandoned housing development project which had been halted for years.

Spacious apartments with affordable pricing, and yet having the appealing panoramic vista of a luxury condominium.

General information:
Three blocks of apartment, ranging from 1000 sq. ft. to 1,100 sq. ft.
Estimated to commence: 2009
Duration: 3 years

Developer:

Ivory Properties Group
Add: Birch House, 73 Jalan Dato Keramat,
10150 Georgetown, Penang, Malaysia.

Tel: 604 210 8000
Fax: 604 227 0000
E-mail: ivorypg@po.jaring.my

Website: http://www.ivory.com.my

http://www.property666.com/images/PROJECT%20-%20The%20Peak%20Map.bmp

rizalhakim

July 24th, 2008, 09:47 AM

http://www.islandresortpenang.com/images/index/pic_2.jpg
http://www.islandresortpenang.com

10 Island Resort
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http://www.islandresortpenang.com/10%20Island%20Resort/index.htm

1 Island Resort
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http://www.islandresortpenang.com/1%20Island%20Resort/index.htm

Ivory Properties Group presents hillside living with a difference at Island Resort, Batu Ferringhi. Taking the resort theme a step further, the architecture of Island Resort reflects the new language of modern tropic with large overhang and shadings, a composed play between light and shadow.

Inside, the simple lines of the exterior continue into the interior where modern and contemporary spaces come to fore. Efficient and practical spaces afford the home owner the flexibility to customize the interior as one wishes.

General information

Phase 1
10 Island Resort
Condominium – 266 units
Townhouse – 15 units

Schedule
Estimated to commence by 2008

Phase 2
1 Island Resort
Condominium – 144 units

Schedule
Estimated to commence by 2009

Phase 3
Bungalow
Bungalow – 22 lots

Developer:

Ivory Properties Group
Add: Birch House, 73 Jalan Dato Keramat,
10150 Georgetown, Penang, Malaysia.

Tel: 604 210 8000
Fax: 604 227 0000
E-mail: ivorypg@po.jaring.my

Website: http://www.ivory.com.my
http://www.islandresortpenang.com

http://farm3.static.flickr.com/2083/2698249304_be5241b225_o.jpg

rizalhakim

July 29th, 2008, 07:13 AM

Platino

http://a244.ac-images.myspacecdn.com/images01/82/l_d05e4229193aeec29bdb6e7101aaaf6b.jpg

http://a40.ac-images.myspacecdn.com/images01/58/l_05150efe14783a63ccd34837125b8bf7.jpg

rizalhakim

July 29th, 2008, 07:23 AM

Residential Blocks, The light - phase 1, current project

http://a209.ac-images.myspacecdn.com/images01/23/l_03e0c10fe13ad2ce75350856fd9afd58.jpg

http://a112.ac-images.myspacecdn.com/images01/70/l_f23f6990c3648edd449ebdee8c8aec87.jpg

http://a613.ac-images.myspacecdn.com/images01/57/l_4f94c19578fc0ee215a27bc39dfccdfc.jpg

the tallest condo

http://a853.ac-images.myspacecdn.com/images01/9/l_f623abcfb047ea53472f0343c90bb3bc.jpg

rizalhakim

July 29th, 2008, 09:57 AM

Brezza

http://a645.ac-images.myspacecdn.com/images01/42/l_2125770aedf9f0fa632fc743cfa0e8fc.jpg

rizalhakim

July 31st, 2008, 05:07 AM

http://a992.ac-images.myspacecdn.com/images01/36/l_62b7e995e515a7da2360d276f45e0e9f.jpg

http://a530.ac-images.myspacecdn.com/images01/52/l_628d7a749f216f2c74933e801815d511.jpg

....at 1/2mil they considerd it as luxury, while in setapak a 1/2mil property they considerd it as medium cost apartment.....dats totally crazy....

rizalhakim

August 4th, 2008, 04:25 AM

Ivory sees potential in high-rise properties on Penang island

HIGHER construction costs can lead to shortage of high-rise properties with price ranging from RM300,000 to RM400,000 on the island over the next two years.

Ivory Property Sdn Bhd general manager Chok Keng Vui said the properties would be in high demand, as the rising cost of fuel would make it expensive to travel on a long distance to work at the island.

Having said that, Chok believed that it was still possible to construct high-rise properties on the island at affordable selling prices.

“Ivory is able to undertake such projects as we operate and manage our own construction company and design team, which helps to reduce the construction costs,” he said.

Chok said the company was reviewing one of its high-rise projects on the island – The Peak.

Originally scheduled for launching this month, he said: “We are waiting for the construction costs to stabilise before deciding on the exact launch, possibly by year-end.

http://biz.thestar.com.my/archives/2008/8/4/business/b_14ivory.jpg
An artist’s impression of Ivory Property’s Island Resort project launched earlier this year

“The Peak condominium units were originally priced at RM330,000,” he said.

Earlier this year, Ivory Property group launched the Island Resort project in Batu Ferringhi with a price tag between RM280,000 and RM600,000 per unit.

The project, which is 65% booked, is now selling for RM360,000 to RM700,000. The Island Resort is scheduled for completion in 2011.

Mah Sing Group Bhd managing director Datuk Seri Leong Hoy Kum said the group would still implement its South Bay project in Batu Maung as planned.

“Our target market is the medium-high to high-end segment, which is more resilient to the rising costs environment.

“We will look at properties that are in good locations, concepts and designs. Properties have proven to be the best hedge against inflation,” he added.

IJM Land Bhd managing director Datuk Soam Heng Choon said the company would constantly study the market scenario to time its launches.

“Given our penetration across all market segments, we can review the type of properties to be launched according to the demand. We can also adapt our design concept for certain specific target market.

“We believe that in a negative interest rate environment, properties will be a good hedge against inflation. Given the stock market volatility, investors can shift from the equity market to physical property assets,” he said.

IJM Land would be launching its Summer Place condominium scheme at the Jelutong Expressway early next year.

“We are able to keep the selling price at RM288,000 to RM420,000 per unit, as most of the contract works for the scheme have been awarded,” he added.

The built-up area for a Summer Place unit ranges between 960sq ft and 1,440sq ft.

Soam said the selling price for the group's new launches many be increased by 20% to 30%.

rizalhakim

August 7th, 2008, 07:08 AM

http://www.islandresortpenang.com/images/index/pic_2.jpg
http://www.islandresortpenang.com

10 Island Resort
http://www.islandresortpenang.com/10%20Island%20Resort/image/home/3.jpghttp://www.islandresortpenang.com/10%20Island%20Resort/image/home/4.jpg
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http://www.islandresortpenang.com/10%20Island%20Resort/index.htm

1 Island Resort
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http://www.islandresortpenang.com/1%20Island%20Resort/index.htm

10 Island Resort
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1 Island Resort
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built_in_me

August 11th, 2008, 03:43 AM

..............................

rizalhakim

August 18th, 2008, 05:34 AM

Harmony Residence BY BSG Property
35 storey Luxury Condo,
29Units& 29 Swimming Pools

http://farm4.static.flickr.com/3272/2766412085_254464216a_o.jpg

http://harmonyresidence.com/

rizalhakim

August 18th, 2008, 05:35 AM

The Katana Penang @ Tanjung Tokong
http://farm4.static.flickr.com/3133/2737459493_1967b312c2_o.jpg

rizalhakim

August 26th, 2008, 08:10 AM

Boulevard Condominiums, Bandar Baru Air Itam

IF you fancy owning a condominium in Bandar Baru Air Itam, then check out the booth of Reka Indah Development (Penang) Sdn Bhd during The Star Property and Home Fair 2008 from Sept 5 to Sept 7.

The RM95mil Boulevard Condominiums, touted as the first condominium in the area that boasts having more than 1,000sq ft, will be open for registration during the three-day fair from Sept 5 at the Penang International Sports Arena, Relau.

Reka Indah executive director Yeap Hock Kee said the 420-unit Boulevard, located in Lebuhraya Thean Teik, would provide an option for residents living in the area to upgrade their lifestyle.

He said most of the units in the high-rise property in Bandar Baru Air Itam took up between 550sq ft and 800sq ft each.

http://thestar.com.my/archives/2008/8/26/north/for.jpg
Spacious units:Yeap showing an artist's impression of Boulevard Condominiums.

“But with the free-hold Boulevard, which comprises units of between 939sq ft and 1,200sq ft, one can dream of leading a luxury lifestyle with a more spacious and comfortable home in an area like Bandar Baru Air Itam.

“Boulevard also gives you the privilege of being close to modern facilities. Schools, markets, police station, banks, clinics and a hypermarket are located nearby,” he said when met at his office in E-Gate recently.

Yeap said construction work would begin early next year and scheduled for completion in mid 2011.

There will be eight units per floor and each unit is sold from RM240,000.

He added that the unique selling point of Boulevard was its ‘infinity’ pool, a swimming pool which produced a visual effect of water extending to the horizon, vanishing, or extending to ‘infinity’.

“I am sure home owners would love this pool, also named the negative edge or vanishing edge pool, as the water appears to flow into an ocean,” he said.

The project also comes with a children’s playground, jacuzzi, sauna, gymnasium, squash court, community hall, reflexology path, smart card access, 24-hour closed-circuit television camera surveillance and two free sheltered car parking bays for each unit.

The company is among more than 50 exhibitors who will showcase their property, home financing packages and home related products in nearly 200 booths at The Star Property & Home Fair 2008.

The fair will be open from noon to 8pm.

For enquiries on The Star Property & Home Fair 2008, call Bessie Lim or Lillian Yeoh at 04-6473418.

TYW

August 27th, 2008, 09:26 AM

^^ will the Boulevard Condominiums be located at the site of the former Taman Cemerlang??

pen

August 30th, 2008, 06:55 AM

The Cove
http://i237.photobucket.com/albums/ff227/jeff1983/260820081964.jpg

Sky Home & Springtide
http://i237.photobucket.com/albums/ff227/jeff1983/260820081963.jpg

rizalhakim

September 2nd, 2008, 09:12 AM

At home in an ‘Oasis’
By PRISCILLA DIELENBERG

SPECIAL incentives for buyers of The Oasis homes, developed by Nusmetro Venture (P) Sdn Bhd, will be offered at The Star Property & Home Fair 2008, which opens this Friday.

The project, which has attracted over 30% in sales since its launch in January, is targeted to be ready in early 2011.

http://thestar.com.my/archives/2008/9/2/north/osis.jpg
Well-designed property:Lee(right)and Henry Butcher Malaysia senior business development manager Angeline Woo checking out the project's show unit.

It is a leasehold project situated on a 2.6ha parcel of land off Jalan Yeap Chor Ee, next to the west of Minden Heights between Jalan Kaki Bukit and Lorong Bunga Raya.

It is located about 18km south of George Town, 5km west of the Penang Bridge, and is easily accessible from George Town via Jalan Sultan Azlan Shah, Ja-lan Scott, Jalan Yeap Chor Ee and Jalan Valley.

The development involves two 12-storey blocks, each with 80 units, and one 30-storey block with 331 units.

Each unit comprises three bedrooms and two bathrooms with a total built-up size ran-ging from 1,041sq ft to 1,183sq ft. The price starts from RM240,000.

“In Nusmetro Group, we always believe that the branding of a home revolves around the owner’s lifestyle.

“It not only has to look good but should also be unique and different with the objective of standing out among others,” said Nusmetro Venture sales ad-ministration senior manager Lee Phoy Yeong.

The Oasis boasts of a well-designed car park that is invisible to the eye upon entering the guardhouse. A one-way ramp allows owners to access their respective parking bays without the need to circle floor after floor.

Other features include a grand concierge-style drop off area, a fan-shaped, tiered cascading pool, and a Jacuzzi pool.

Lee said the company was bringing in about 80 to 100 potential Indonesian investors for the fair.

More than 50 exhibitors will showcase their properties, home financing packages and home related products at nearly 200 booths at the event.

Open from noon to 8pm, it will be held at the Penang In-ternational Sports Arena (Pisa) from this Friday until Sun- day. For details, call Bessie Lim or Lillian Yeoh at 04-647 3418.

rizalhakim

September 2nd, 2008, 10:52 AM

^^^^^^^^^^

http://lh4.ggpht.com/PenangProperty/SIFfADuaXcI/AAAAAAAAB8Y/M6hPCYiVPys/The%20Oasis.jpg

rizalhakim

September 4th, 2008, 06:57 AM

Living in The Mansion
By PRISCILLA DIELENBERG

MALTON Bhd will be introducing its first signature project in Penang – The Mansion @ Cantonment – at The Star Property & Home Fair 2008.

Its sales and marketing manager C.H. Wong said registration would be open for the freehold low-density single block of duplex condominiums on Jalan Cantonment, which offer a unique mansion lifestyle living.

Spacious:Wong showing a picture of the Mansion @Cantonment living hall.

“The Mansion @ Cantonment is carefully planned to suit various needs. It has an eco-friendly concept with its ventilated design, energy and water saving features, green bathrooms and heat reduction design,” she said.

Wong said the single block consisted of one unit per floor, and all units have a sea view and city view.

“The built-up area for a standard duplex unit is about 5,000 sq ft,” she added.

She said the ground floor of the duplex unit was inclusive of a double volume living hall with full height window offering a view of the Gurney seafront and city, a spacious dining area, wet and dry kitchen, guest room, and a multi-usage room adjoining to a large lanai area which opens onto a private five-foot terrace with a water pond.

She said the first floor was designed to include a bedroom and two master suites, suitable for two-generation families. The master suites had separate spaces for the bed and a private sitting lounge, and a generous wardrobe designed with the lady of the house in mind.

She said all bedrooms would have bathrooms attached.

Wong said each unit would be served by two exclusive passenger lifts with a private lift lobby and cloak-room, and a large cargo lift, all with individual security access. There is also an in-house lift within the duplex.

She said each unit has three covered parking spaces, and common facilities at the gated and guarded community included an open terrace, landscaped garden, swimming pool, gym, and covered arrival hall.

Malton Bhd, which is taking up eight booths at the fair under Henry Butcher’s National Pavilion, will also be showcasing its prominent projects The Grove @ SS23 and V Square (VSQ) @ PJ City Centre in Petaling Jaya, Amaya Saujana in Subang, Bayu Villas @ Bukit Rimau in Shah Alam, and its service apartments with rental podium at Taman Maluri in Kuala Lumpur.

More than 50 exhibitors will showcase their property, home financing packages and home related products at nearly 200 booths at The Star Property & Home Fair 2008.

The fair will be held at the Penang International Sports Arena (PISA) from tomorrow to Sunday. It will open from noon to 8pm.

For enquiries on The Star Property & Home Fair 2008, call Bessie Lim or Lillian Yeoh at 04-6473418.

rizalhakim

September 4th, 2008, 06:57 AM

Properties worth over RM2.8mil up for auction

PROPERTIES worth more than RM2.8mil will be up for auction on Saturday at The Star Property & Home Fair 2008.

Henry Butcher Malaysia (Penang) Sdn Bhd International Business Development vice-president Helen Tan said there would be best buy properties from only RM9,600.

“On Penang island, some of the good buys include apartments at GL Garden at RM115,000, Bukit Awana at RM60,000, Terubong Indah at RM29,000 and Gold Hill at only RM20,000 while an apartment at Saujana Heights will be auctioned off at only RM24,000.

“For properties on the mainland, one may also consider Teluk Indah at only RM18,000, while a three-storey shop at Megamall, Perai Jaya, will be auctioned off at RM190,000,” she said.

Tan said that there would also be a special auction lucky draw at the fair, subject to terms and conditions.

“Three lucky winners will win a two-night stay in Phuket or Koh Samui,” she said.

Tan said sale of properties by way of a private auction was a common and successful method practiced by more mature property markets overseas.

“We believe this method of disposal can be very effective for securing the best possible price,” she said.

She also said a sale by public auction would generate a higher le- vel of interest among would-be purchasers due to its wider publi-city and greater degree of transpa-rency through an open bidding pro-cess.

She said it would ensure a quick sale as it would avoid a long drawn negotiation process, which could occur in a sale by private treaty.

Tan said intended bidders needed to buy a bank draft amounting to 5% of the reserve price payable to the assignee, and bring the bank draft for registration before the auction begins at 1pm.

“Early registration is encouraged to avoid queues in the registration room.”

She said the bank draft would be treated as part of the purchase price if the bidder was successful in the bidding.

She added that unsuccessful bidders would immediately get back their bank drafts.

Intended bidders are advised to obtain a copy of the conditions of sale from Henry Butcher’s office. For more information, call the office at 04-2298999 or Ang at 012-4306401 or Law at 016-4212216.

rizalhakim

September 5th, 2008, 10:11 AM

Buy now, get a discount
By Tan Sin Chow

IVORY Properties Group is giving a 5% discount for its residential units at The Star Proper-ty and Home Fair 2008 beginning today.

Group exe cutive director Datuk Seri Nazir Ariff (pic) said the discount would be given to those making the purchase on the spot.

“They can also enjoy free legal fees on Sales & Purchase Agree-ment (SPA) and loan agreement as well,” he said when met at his of-fice in Birch House on Jalan Da-tuk Keramat.

Among the projects that will be promoted during the three-day fair is the RM1bil mixed development Penang Times Square.

Group marketing manager Mi-chael Wong said the whole project was divided into four phases.

http://thestar.com.my/archives/2008/9/5/north/buy.jpg
Well planned:Wong showing a model of the Moonlight Bay project.

At the heart of the develop-ment is a public open plaza called Urban Square meant for community gatherings and celebrations.

“Surrounding Urban Square will be more than 1,000 residential units, about 300 retail lots, anchor and mini-anchor tenants, a cine-plex, an exhibition and convention centre, a proposed five-star hotel and a unique heritage and cultural centre,” he said.

Currently, Wong said the deve-lopment focused on the first two phases – Birch The Plaza and Birch Regency.

“Birch The Plaza is scheduled for completion by end of this year. There are only a few residential units left.

“As for the second phase Birch Regency comprising 359 condominium units, 70% have been sold.

“Birch Regency is selling fast because each unit, priced from RM390,000, offers scenic straits view of Penang and the mainland,” he said.

In addition to Penang Times Square, Wong said Ivory’s other ongoing projects are Moonlight Bay and Island Resort in Batu Fer-ringhi.

He said Moonlight Bay featured unique hillside villas and condominium villas with scenic hill en-vironment and panoramic sea view.

Priced from RM2.7mil each, there are five types of villa designs with built-up areas ranging from 3,800 sq ft to 5,500 sq ft.

Construction work is in progress and scheduled for completion by end of 2010.

As for Island Resort, the condo-miniums are spacious and luxurious with unobstructed seaview.

Each unit is priced from RM499,800 and offers living spa-ces from 1,100 sq ft to 3,200 sq ft.

More than 90 exhibitors will showcase their properties, home financing packages and home related products at nearly 200 booths at the fair which will be open from noon to 8pm from today till Sunday. Admission is free.

rizalhakim

September 9th, 2008, 04:15 AM

rizalhakim

September 10th, 2008, 05:29 AM

Property: 'Prices stay firm despite uncertainties'
By Rosalynn Poh
Email us your feedback at fd@bizedge.com

The property market may have hit a plateau but those out shopping for landbank are not holding their breath. Land prices are not expected to dip in the near future as owners anticipate that developers will attempt to lock in land for development purposes when times improve, says Raine & Horne International Zaki + partners director Micheal Geh.
Presenting The Edge/Raine & Horne International Zaki + Partners Penang Housing Property Monitor for 2Q2008, Geh points out that land values in Penang Island have almost always experienced a constant increase, even in the last property downturn during the financial crisis in the 1990s. What's more, market sentiment is that land prices are expected to rise, come the next property boom.
Then again, no one has a crystal ball to forecast how long the trying times will last. "It's uniquely Penang... property prices on the island are holding out. How much it will sustain will depend on how fast the political uncertainties in the nation are resolved and how soon fuel prices will level off to a fair level," says Geh. He adds that generally, developers remain very optimistic about land acquisition in Penang due to higher gross development value and demand from both local and international buyers.
Geh notes that there have been fewer launches after the March general election. Political uncertainties are causing industry players to take a cautious approach. Factors impacting negatively on the market currently, he says, are the fuel price hike, soaring construction costs, low profit margin or maybe even deficit margin for contractors. Deferred mega infrastructures like the RM2 billion monorail and the RM1.5 billion Penang outer ring road project are not helping. The result is a slow take-up rate in the construction sector.
He expects transactions to slow in 2H2008 but future launch prices, especially of high-rise homes, will rise by at least 15% to 30%. For instance, more high-rise projects in Bayan Baru and Bayan Lepas are expected to be sold for at least RM350 psf against the recent launches in Tanjung Tokong and near Jelutong Expressway of between RM280 and RM330 psf , he says.
This will in turn expand the supply of such price-range properties while the supply of medium-cost homes of RM250,000 and below will shrink.
On sampling for the Penang Monitor for 2Q2008, Geh points out that property prices, especially in the sub-sale residential segment surveyed, have remained generally steady with fewer transactions.
Is the recent recognition of George Town as a world heritage site by Unesco a boon for the property market? Geh says it is not likely to have immediate impact on the value of properties within the heritage enclave. "Let the euphoria settle first. A lot of matters and issues will have to be resolved first before property value appreciation can happen in the heritage enclave."
Geh says statistics show the market is cooling with developers holding back launches due to current market uncertainties. For 1H2008, Penang only saw three property launches, with a combined stock of 207 units. Of these, 60% were priced at RM250,000 while the rest were houses costing more than RM250,000. The launch prices are also at a 30% premium to those on the secondary market, he says.
The three launches were Surin in Tanjung Bungah by Bolton Bhd, Alila Horizon by Hunza Properties Bhd and The Spring by IJM. Surin, with 390 units of 1,300 sq ft onwards, was launched at RM424,000 onwards. Targeted for completion in 2011, Geh says Surin has set a new benchmark of RM236 psf within the Tanjung Bungah neighbourhood. Alila Horizon was unveiled at an average of RM290 psf while The Spring, launched in May at around RM250,000, was completely sold out within a couple of hours. The secondary market for The Spring is currently tagged at RM320,000 onwards, Geh notes.
He says the current buying trend is "buy now or regret later" for the middle income group as affordability is the main consideration when purchasing a house. The middle income group makes up 70% of the population in Penang.
Despite a drop in secondary market transactions, Geh says values of land with development potential stand firm. He cites the case of a tract with approved building plan in Balik Pulau — the asking price is at least RM35 psf, or about 300% higher than it was six years ago, he says. He also points to a tract of development land with beach frontage along Gurney Drive which was sold to a Kuala Lumpur-based developer for RM380 psf, a new benchmark in the area.
According to Geh, there was a marginal dip (5.1%) in the number of housing property that changed hands in 1H2008, from 3,820 in 2H2007.
The monitor also shows that rentals have generally remained stable in 2Q2008. Rentals for 1-storey terraced houses in Jelutong have improved by 4.8%, while 3-storey bedroom apartment/condominium (excluding luxurious type) have increased by 4.3%.
He anticipates the property market to be flat for the next quarter due to political uncertainties, which he sees as temporary.

built_in_me

September 11th, 2008, 04:05 PM

........................

rizalhakim

September 15th, 2008, 08:30 AM

rizalhakim

September 17th, 2008, 08:20 AM

Kelawei View Penang

http://www.livintrend.com/images/magazine/july08/kelaweiview1.jpg

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Encony Development Sdn Bhd is coming up with a low density 31-storey super condominium project comprising 34 units at Jalan Kelawei in the north east district of Georgetown, Penang.

Known as Kelawei View, this upmarket development covers over 1.1 acres of freehold land. The units are priced from RM1.82 million to RM3.8 million for the sole duplex penthouse unit.

Kelawei View’s gross development value is estimated at RM70 million.

Its sales and marketing manager Khoo Yu Ling told LivinTrend that the available units are tagged from RM1.95 million.

“The built-up of Kelawei View units start from 4,900 sq ft with four design types to choose from. There are not many projects offering such spacious sizes.”

The ceiling height of the units is 11.5 ft while the floors are seven inches thick. Since the project’s launch in January 2006, Khoo said the developer managed to sell almost half of the units.

The chart at its sales office indicates a total of 11 units which have been sold, the majority of them being the type A design units.

The type A units face Tanjung Tokong while the type B units face Jalan Sultan Ahmad Shah. Both types A and B, with 4,900 sq ft of built up, measure 33 ft x 126 ft.

The type C units, which have larger built up of 7,380 sq ft, measures 66 ft x 117 ft while the built up for the type D or penthouse is 8,763 sq ft.

Purchasers of types A, B and C will be entitled to two parking lots and allowed to buy an extra lot for RM15,000. The type D purchaser gets four parking lots. Each car park lot is 8 ft x 16 ft.

The parking area are from levels one to three while the swimming pool and other facilities are located on level four amid Zen-styled landscaping and water features.

They include an infinity pool overlooking Penang’s North Channel, a gymnasium, jacuzzi, sauna and barbeque corner.

The project is now completed up to 13 floors. The condo units start from the fifth floor. There will be two units on each floor from level five to 13 while from level 15 to 29, there will only be one unit on each floor.

Levels 30-31 will comprise the penthouse unit, whose gross built up is 12,000 sq ft, said Khoo, who pointed out that glass walling perimeter would be used for the Kelawei View super condos in order to take the advantage of panoramic views of Penang’s capital city.

They include the Gurney Drive seafront in the north east, Georgetown in the south east, Tanjung Tokong’s seaview in the north and the Pulau Tikus town in the south west.

On level 14 of this modern style building will a sky garden for the residents’use. Here, they can enjoy the lush greenery of its outdoor landscaped garden, which comes with a jogging track, tai zhi corner, meditation path, children’s playground, outdoor fitness area and viewing deck.

Khoo said the structure design of Kelawei View took into account the nominal seismic loading based on the nearest regional code practised in Thailand and Indonesia although Penang fell outside the lowest zone category, which did not required seismic consideration.

Security wise, Kelawei View will be offering 24-hour security. An electronic controlled access and closed circuit television (CCTV) will be used at its guard house. CCTVs will also be in place in all the common areas, every floor of the lift lobby, car park areas.

According to the developer, over 70 CCTVs will be employed. An access card system will be used at the main lift lobby and private lifts to the individual’s unit.

There will also be an intercom system connected to the guard house, main lift lobby as well as levels four and 14.

A service counter will be set up to assist the residents in their payment of utility bills and other errants like banking in their cheques.

The developer is providing high speed lifts with the speed of 150 mpm, two private lifts and one stretcher visitor lift.

Kelawei View, which is within close proximity to a host of conveniences and amenities, is scheduled for completion by the first quar ter of 2009.

Encony Development’s managing director is Dato’ Dr Alex Tan, who is the chief executive officer of Alor Vista group of companies.

Tan has carried out projects worth over a quarter billion ringgit in Penang. They include Taman Alor Vista, Desa Alor Vista and the newly completed Relau Vista Apartment, which is waiting of its certificate of fitness.

Kelawei View’s show unit will be ready for viewing in June. Those interested in a unit are required to pay a booking fee of RM50,000.

According to the developer, the lawyer’s fee is free if the sale and purchase agreement is without the disbursement fee, which is about RM400. The loan agreement will be borne by the purchaser.

built_in_me

September 18th, 2008, 09:05 PM

mmmmmmmmmmmmmmmmmmmmmm......why is there repeatations of same post lah.....
better to post those other less frequently posted projects like........delima palace, the oasis, casa prima, bandar perda projects , bertam perdana , juru, batu kawan projects.....those bayavenue shophouses in queensbay......are they being occupied or not yet....just wondering hehe....

built_in_me

October 6th, 2008, 02:53 PM

good updates on hotel industries in Penang.........

rizalhakim

October 7th, 2008, 07:55 AM

Quill's acquisition an indication of area's potential
By Regina William
Email us your feedback at fd@bizedge.com

Penang-based property consultants who spoke to City & Country see Quill Capita Trust's acquisition of the Tesco building as an indication of the area's future market potential. The hypermarket has been in business here since November 2004.
"A prudent investment house does not invest in properties that have no upside potential in rent and capital. QCT would have done its due diligence before buying into this property; more so when it is a single tenant property," says Henry Butcher Malaysia (Penang) Sdn Bhd International Assets Consultants director Teoh Poh Huat.
"This investment could also indicate confidence in future projects within MetroEast and also The Light waterfront project," he adds. MetroEast is now seeing greater residential development activity as the developer had initially focused on establishing it as a commercial hub.
"Though it started with e-Gate (retail and office development) and the Tesco building, the more recent residential projects here have transformed this into a self-contained development for people to stay, work and play. The newly launched condominium projects — Platino and Pearl Regency — and the earlier launched Bayswater have experienced significant success," says Teoh.
Based on transaction records, Teoh believes properties within this area have good growth potential because they are strategically located. The Bayswater condominum, for example, has seen about 50% appreciation in value since it was launched in 2004, he says. Raine & Horne International Zaki & Partners Sdn Bhd director Michael Geh concurs.
"The area is fast becoming a prime property area and this is evident in the appreciation of the Bayswater condominium which was RM400,000 and is now going for RM600,000. Even the Platino units are being launched at a much higher price than was initially indicated," says Geh. He also foresees more acquisitions in Penang by REIT management companies, as seen in the acquisition of the Tesco building and the acquisition of Gurney Plaza by CapitaLand in August 2007.

rizalhakim

October 7th, 2008, 07:57 AM

From vegetable farm to township
By Regina William
Email us your feedback at fd@bizedge.com

Eight years ago, if you had driven to Penang island from the Penang Bridge heading towards George Town, a vegetable farm would have been among the first things you saw as you cruised along towards the Udini underpass. Today, that vegetable farm is MetroEast — a thriving self-contained development by IJM Land Bhd.
The 30-acre freehold MetroEast site is part of the 324.9 acres allocated to IJM Corp by the Penang government in exchange for the construction of the 4.8km Jelutong Expressway, a toll-free highway allowing alternative access into the city centre. It is surrounded by the Bayan Lepas Industrial Park and the George Town central business district and is located at the end of Jalan Udini and at the beginning of the Jelutong Expressway.
The completion of the Jelutong Expressway has spurred tremendous growth in the surrounding area. The skyline — a squatter settlement and a solid waste dumping ground 10 years ago — has now been transformed by the development activities of IJM Land, the property arm of IJM Corp. MetroEast, with a gross development value (GDV) of RM1 billion, was built as a self-contained township, IJM Corp deputy CEO and deputy managing director Teh Kean Ming told City & Country. Teh was formerly IJM Properties' managing director. Divided into six precincts, MetroEast comprises the Tesco building (which has been acquired by Quill Capita Trust (QCT), a real estate investment trust (REIT) for RM132 million), e-Gate, Bayswater condominiums, IJM's corporate office and the Platino and Pearl Regency condominiums. The entire development will be completed in 2011. So far, 60% of the project has been developed; the Platino and Pearl Regency condominiums are still under construction.
"From a piece of land cultivating vegetables, we came up with the concept of a living and vibrant metropolitan with residential and commercial developments.
"We also realised that we could succeed in creating a thriving and bustling commercial destination if we brought in a hypermarket as there was a ready catchment area due to our strategic location near the bridge. Though it took us a year to clinch the deal, we managed to bring in Tesco with a structured deal to design, build and lease the building for 30 years.
"It was a record for us as it took us less than four months to obtain approval and a year to complete the building. That is how Tesco came to Penang," says Teh.
The building has a net lettable area of 275,020 sq ft with 1,050 parking bays. Earlier this year, the building was acquired by QCT.
"Quill is a reputable company with experience in managing retail centres. Its participation will add value to the overall MetroEast development," says Teh.
The sale was also an opportunity for IJM to unlock the property's value to fund its upcoming projects here, including The Light, a RM5 billion project on 152 acres located on Penang's eastern waterfront coastline, directly opposite MetroEast. "As a developer, IJM was not keen to accumulate other portfolios. We are good at property development, so we will stick to that," Teh adds.
MetroEast's e-Gate commercial project was developed concurrently with the Tesco building. The 5-storey building with a GDV of RM46 million was completed at end-2004 and, since then, has become a popular electrical and electronic products retail hub, and entertainment, retail and commercial centre. Several alfresco dining outlets have also set up shop here. With a net floor area of 151,000 sq ft, all the 58 shops and 95 offices have been sold. The alfresco row on the ground floor, which was sold at RM450 psf in 2002, is now valued at RM700 psf on the secondary market, while the office units which were RM250 psf can now fetch RM380 psf, according to Teh.
e-Gate spearheaded the rest of MetroEast's development. The year that e-Gate was completed, the developer launched Bayswater, a high-end 26-storey twin-tower condo project with a GDV of RM127 million, comprising 396 units which have since been completed. From the launch price of RM250 psf, the units with sizes ranging from 1,173 to 1,636 sq ft are now going for RM350 psf, says Teh.
Recently completed was IJM's new 16-storey corporate office with a GDV of RM45 million. IJM will take up six floors and lease out the rest at between RM2.80 and RM3 psf.
Currently under construction is the high-end Platino condominium project the design of which is based on the "four seasons garden" concept. The units, with built-ups from 1,800 to 6,400 sq ft, are priced from RM718,000 to RM2.62 million. These 228 units will be completed in June 2010, says Teh. Launched last November with a GDV of RM190 million, 60% of the units have already been sold.
IJM will soon launch the final precinct called the Pearl Regency, a mixed development, which is targeted at expatriates under the Malaysia My Second Home programme. The project, which is located on a 5.1-acre site, is scheduled to be launched in Korea on Oct 10. There are 574 residential units with sizes from 950 to 1,800 sq ft. The indicative pricing is from RM685 psf with a GDV of RM535 million. The project is expected to be completed by 2011.

rizalhakim

October 24th, 2008, 09:34 AM

The Oasis Penang

http://www.nusmetro.com/portfolio-images/oasis/image1.jpg http://www.nusmetro.com/portfolio-images/oasis/image2.jpg

http://www.nusmetro.com/portfolio-images/oasis/image3.jpg http://www.nusmetro.com/portfolio-images/oasis/image4.jpg

http://www.nusmetro.com/portfolio-images/oasis/image5.jpg http://www.nusmetro.com/portfolio-images/oasis/image6.jpg

http://www.nusmetro.com/portfolio-images/oasis/image7.jpg http://www.nusmetro.com/portfolio-images/oasis/image8.jpg

rizalhakim

October 24th, 2008, 09:35 AM

Casa Prima Penang

http://www.nusmetro.com/portfolio-images/casaprima/image1.jpg

http://www.nusmetro.com/portfolio-images/casaprima/image2.jpg

http://www.nusmetro.com/portfolio-images/casaprima/image3.jpg

http://www.nusmetro.com/portfolio-images/casaprima/image4.jpg

http://www.nusmetro.com/portfolio-images/casaprima/image5.jpg

http://www.nusmetro.com/portfolio-images/casaprima/image6.jpg

http://www.nusmetro.com/portfolio-images/casaprima/image7.jpg

kubundu

October 28th, 2008, 03:09 AM

The Oasis...almost a year after launching, less than 50% has been sold. For a huge project, that's a huge amount. Nothing is happening at the construction site (technically it's not even a construction site yet). The dev is saying that some people living there not willing to move out.

rizalhakim

October 28th, 2008, 05:50 AM

http://farm4.static.flickr.com/3049/2980565830_ec7655a8e4_o.png

http://farm4.static.flickr.com/3056/2979708399_411dcac515_o.png

http://farm4.static.flickr.com/3172/2980561960_034ab82ab6_o.png

TYW

October 28th, 2008, 11:55 AM

Casa Prima = cousin house in spanish... ha ha.... :lol:

busybody

October 29th, 2008, 08:16 AM

CEO at Jln Bukit Gambir, next to Vistana Hotel
http://i246.photobucket.com/albums/gg115/engcheong/TheCEO/DSCN3728.jpg

http://i246.photobucket.com/albums/gg115/engcheong/TheCEO/DSCN3730.jpg

built_in_me

November 3rd, 2008, 07:10 AM

nice....

rizalhakim

November 10th, 2008, 07:14 AM

the waterfront

http://lh6.ggpht.com/_lk4hR8_XjC4/SRcIPEmek0I/AAAAAAAADb8/Dmw0ojnP4JM/s800/The%20Waterfront%204.JPG

http://lh4.ggpht.com/_lk4hR8_XjC4/SRcHerlOdOI/AAAAAAAADbs/cyo6WEb4ILU/s800/The%20Waterfront.JPG

http://lh3.ggpht.com/_lk4hR8_XjC4/SRcH6D0TEHI/AAAAAAAADb0/m0aJ5iw8Qio/s800/The%20Waterfront%201.JPG

http://www.apartment-penang.com/2008/11/waterfront.html

rizalhakim

November 10th, 2008, 07:15 AM

http://lh6.ggpht.com/_lk4hR8_XjC4/SRb-jsHZjvI/AAAAAAAADas/coBfjPMJxDk/s800/Fettes%20Residences.JPG

http://www.apartment-penang.com/2008/11/fettes-residences.html

rizalhakim

December 16th, 2008, 07:31 AM

http://www.iproperty.com.my/reviews/platino/main.jpg

http://www.iproperty.com.my/reviews/platino/coverpage.asp

rizalhakim

December 16th, 2008, 07:35 AM

Look what I found, the condo finally has a name! More info http://www.ohm.com.my (http://www.ohm.com.my/) They are hiring too.:)

http://i284.photobucket.com/albums/ll23/kubundu/loocres.jpg

http://www.apartment-penang.com/2008/12/looc-residence.html

rizalhakim

December 16th, 2008, 07:36 AM

The Uban Residence (Red site)

http://img26.picoodle.com/img/img26/3/12/12/f_05m_94a6bc3.jpg

http://lh5.ggpht.com/_lk4hR8_XjC4/SUKDh3PXk3I/AAAAAAAADrk/b94YrofEVf8/s800/The%20Uban%20Residence.JPG

http://www.apartment-penang.com/2008/12/uban-residence.html

rizalhakim

December 18th, 2008, 06:12 AM

Bantah bina kondominium

Oleh RODELIO JUNJUN TAUCAN

http://www.utusan.com.my/pix/2008/1214/Utusan_Malaysia/Utara/wu_01.1.jpg
penduduk Seri Delima berkumpul membantah pembinaan Kondominium Delima Palace di Pulau Pinang, semalam.

--------------------------------------------------------------------------------

PULAU PINANG 13 Dis. - Penduduk Seri Delima di sini, menggesa kerajaan supaya segera membatalkan pembinaan kondominium Delima Palace yang sedang dibangunkan di kaki bukit kerana didakwa menganggu kehidupan mereka.

Penghuni-penghuni yang tinggal di apartmen Krystal Height serta beberapa buah rumah teres berhampiran tidak mahu tragedi tanah runtuh di Bukit Antarabangsa, Kuala Lumpur berlaku di tempat mereka.

Selain itu, penggunaan bom yang kuat untuk meletupkan batu-batu besar di bukit tersebut menyebabkan penduduk terganggu malah ada beberapa buah rumah yang mengalami keretakan.

Ahli Dewan Undangan Negeri Seri Delima, RSN Rayer berkata, pelan kerja tanah untuk pembangunan kondominium itu telah diluluskan pada 2004 dan bantahan itu pula merupakan kali kedua dikemukakan dalam tahun ini.

"April lalu, penduduk di sini telah membuat bantahan kerana tidak senang dengan pembinaan ini dan satu notis menghentikan kerja-kerja pembinaan dikeluarkan serta-merta oleh kerajaan negeri namun ia hanya untuk dua minggu.

"Saya hairan kenapa ia masih diteruskan malah kalau dulu ia baru hendak dimulakan tetapi kini kondominium tersebut telah siap sebanyak tujuh tingkat,"katanya pada sidang akhbar bersama penduduk terbabit di sini hari ini.

Menurut Rayer, beliau difahamkan pembinaan kondominium itu melibatkan pembinaan bangunan 21 tingkat dengan 130 unit rumah.

Seorang penduduk, Halimah Mohd. Ibramsha, 56, mendakwa, dinding rumahnya telah retak disebabkan gegaran kuat yang berlaku setiap kali pekerja pembinaan menggunakan bom untuk meletupkan batu.

"Mereka selalunya mula menggunakan bom selepas pukul 3.30 petang tanpa memberikan amaran kepada penghuni di sini menyebabkan kami sentiasa berada dalam ketakutan.

"Malah gegaran tersebut menyebabkan rumah saya retak teruk dan sekarang saya tidak tahu hendak mengadu kepada siapa," katanya.

Halimah yang tinggal di rumah itu bersama suami dan empat orang cucunya merayu kerajaan supaya mengambil langkah segera bagi mengelakkan kejadian tidak diingini berlaku.

Seorang pesara guru, Mary Vincent, 63, berkata, penduduk di situ bukan sahaja resah memikirkan kemungkinan tanah runtuh yang boleh berlaku malah kerja-kerja pembinaan yang berlarutan sehingga pukul 11 malam menganggu tidur mereka.

"Kontraktor terlibat seolah-olah tidak faham perasaan penduduk di sini. Mereka bukan sahaja merosakkan alam sekitar malah membuat bising sehingga tengah malam.

"Saya sudah tinggal di sini selama 35 tahun dan sejak akhir-akhir ini keadaan menjadi semakin teruk," tegasnya.

rizalhakim

December 23rd, 2008, 04:51 AM

Developers rapped for rock blasting, soil stabilisation offences

GEORGE TOWN: The Penang Municipal Council has issued a stop-work order to GLM Property Development Sdn Bhd, the developer of the upmarket Surin Bolton Apartments, for carrying out rock blasting at a hillslope in Tanjung Bungah here.

Another developer Taman Ratu Developers Sdn Bhd, which is developing the Beverly Hills hillslope project nearby, suffered a similar fate for allegedly not following procedures in carrying out soil stabilisation work.

Council president Datuk Zainal Rahim Seman said the action was taken after the council received numerous complaints from residents nearby.

“Residents fear the rock-blasting activities at the construction site of Surin Bolton apartments might cause structural problems to their buildings. “On the Beverly Hills project, we suspect the developer might not have followed the procedures in carrying out soil stabilisation works.

“This is because residents spotted trees falling at the site,” he told reporters after chairing a council meeting at City Hall yesterday.

He was commenting on the statement by Chief Minister Lim Guan Eng on Sunday that the state government had issued stop-work orders on two developments projects in Tanjung Bungah.

Zainal Rahim said the council’s engineers, together with officers from the Mineral and Geo-science Department, had been sent to conduct site inspections.

He said state Local Government, Traffic Management and Environment Committee chairman Chow Kon Yeow was expected to call for a meeting soon with all the relevant authorities to provide a solution to the matter.

Among those expected to be present are the independent panel of engineering advisers and representatives from the council, state Public Works Department, developers and residents.

The Surin Bolton Apartments comprise 396 units of sea-view condos. The Beverly Hills project will have terrace homes, semi-detached residences, bungalows and condominiums.

rizalhakim

December 31st, 2008, 07:33 AM

bayu ferringi
http://www.bayuferringhi.com/images/Condo_building_large.jpg
http://www.bayuferringhi.com

rizalhakim

December 31st, 2008, 08:36 AM

Futuristic designed Soho building coming up soon by IJM at Jelutong Penang.

http://farm4.static.flickr.com/3249/3153220348_1f27545b3c.jpg?v=0

http://farm4.static.flickr.com/3236/3153220344_8539c11898.jpg?v=0

cool project...

rizalhakim

January 21st, 2009, 04:34 AM

bayu ferringi
http://www.bayuferringhi.com/images/Condo_building_large.jpg
http://www.bayuferringhi.com

Plenitude to launch maiden Penang project

Email us your feedback at fd@bizedge.com

PENANG: Plenitude Bhd subsidiary Plenitude Heights Sdn Bhd will officially launch its maiden Penang property development in Bayu Ferringhi on Jan 30.

In a statement yesterday, Plenitude said it was a freehold-titled project sited on about 11 acres of land strategically located at Jalan Batu Ferringhi.

Comprising 44 luxurious semi-detached villas and 112 units of condominium with a seaview setting, it is a relatively low density development project compared to other developments in Batu Ferringhi.

The semi-detached villas range in sizes from 3,442 sq ft to 4,069 sq ft while the condominium units’ sizes range from 1,777 sq ft to 2,558 sq ft. Prices start from RM1,762,000 for the semi-detached villas and RM761,000 for the condominium units.

SEAfan

January 21st, 2009, 07:48 PM

Casa Prima = cousin house in spanish... ha ha.... :lol:

It also could mean "first house" and perhaps "primary house."

rizalhakim

January 23rd, 2009, 06:10 AM

Fettes Residence
http://www.palmex-property.com/images/fettes_logo.gif

http://lh6.ggpht.com/_lk4hR8_XjC4/SRb-jsHZjvI/AAAAAAAADas/coBfjPMJxDk/s800/Fettes%20Residences.JPG

http://www.apartment-penang.com/2008/11/fettes-residences.html

http://www.palmex-property.com/images/project/fettes/35-Storey-Condominium.jpg
-35-stoery, 195 high-end units
-Suites built-up from 2,000 sq. ft.
-Penthouse with lanai, built-up from 4,000 sq. ft.
-Equipped with Smart Home system - security alarm system, home automation system, smart card access and intercom system

http://www.palmex-property.com/images/project/fettes/35-Storey-CondoStreet-View.jpg

http://www.palmex-property.com/images/project/fettes/Guard-House.jpg

http://www.palmex-property.com/images/project/fettes/lobby.jpg

http://www.palmex-property.com/images/project/fettes/fettesstatus.jpg

http://www.palmex-property.com/images/project/fettes/LandscapeGardenView.jpg

http://www.palmex-property.com/images/project/fettes/Courtyard.jpg

http://www.palmex-property.com/images/project/fettes/ChildrensPlayground.jpg

http://www.palmex-property.com/images/project/fettes/SwimmingPool.jpg

http://www.palmex-property.com/images/project/fettes/PicnicArea.jpg

http://www.palmex-property.com/images/map.jpg

Company : PALMEX INDUSTRIES SDN BHD (Co. No: 14144-T)
IOI Group of Companies
Address : 302-H-1, Jalan Dato Ismail Hashim,
Desaria,
11900 Sungai Ara, Penang.
Phone : 604-6469022 / 604-6469023
Fax : 604-6448623
Email : palmex@tm.net.my / pxprop@streamyx.com

...35storeys n dats cool!! but what the hell is dis??? kindergarden meh???...too calorfullah....even worse than The binjai!!... :nuts::lol::nuts::lol:

rizalhakim

January 28th, 2009, 06:57 AM

Plenitude Heights bangun projek Bayu Ferringhi
KUALA LUMPUR 23 Jan. - Plenitude Heights Sdn. Bhd. (Plenitude Heights) akan melancarkan projek pembangunan hartanah kediaman di Batu Ferringhi, Pulau Pinang pada 30 Januari ini.

Plenitude Heights merupakan anak syarikat Plenitude Bhd. (Plenitude).

Pengerusi Eksekutifnya, Chua Elsie berkata, projek pembangunan oleh Plenitude yang dikenali Bayu Ferringhi itu adalah projek berkualiti dan inovatif.

''Sebelum ini projek-projek kami terletak di Johor, Lembah Klang dan Kedah, kini Plenitude berpeluang memperkenalkan kualiti pembangunan di Pulau Pinang pula,'' katanya dalam kenyataan dikeluarkan di sini hari ini.

Bayu Ferringhi adalah projek berpegangan bebas terletak di kawasan strategik Batu Feringghi di atas tanah seluas 4.4 hektar, merangkumi 44 buah vila berkembar dan 112 unit kondominium.

Projek pembangunan itu dijangka siap pada Mac 2012.

Vila berkembar dijual pada harga bermula RM1.7 juta manakala harga bagi kondominium pula bermula dari RM761,000.

Vila berkembar direka bentuk dengan menawarkan pemilik seperti gaya hidup resort tropikal dan unit kondominium dengan reka bentuk kreatif menghadap pemandangan laut.

rizalhakim

January 28th, 2009, 06:58 AM

new housing project at Batu Lanchang, Central Park by City Associates Sdn Bhd
(CA Goh)

http://i4.photobucket.com/albums/y150/forever_consern/DSC00325-1.jpg

zoom zoom.... hehe.

http://img186.imageshack.us/img186/1931/cimg1484sd6.jpg

for a low cost apartment i think dis is not bad la....is it low cost??? otherwise ill say yuck!!! reminds me of 80's flat in HK n Sgpore...

rizalhakim

January 30th, 2009, 03:19 AM

Good response to Bayu Ferringhi development
Published: 2009/01/30

bayu ferringi
http://www.bayuferringhi.com/images/Condo_building_large.jpg
http://www.bayuferringhi.com

BAYU Ferringhi, a property development in Penang, has received good response following its recent launch. The project has attracted 11 bookings for its villas and 37 for the condominium project.

Bayu Ferringhi is being developed by Plenitude Heights Sdn Bhd, a wholly-owned subsidiary of Plenitude Bhd.

"We believe that Bayu Feringhi will attract substantial foreign interest.

"We are honoured to play a positive role by developing properties which have an international appeal while supporting the government's, "Malaysia My Second Home" initiative," said Plenitude executive chairman, Chua Elsie.

Bayu Feringgi is a freehold project on an approximately 4.45 hectares- site along Jalan Batu Ferringhi.

It comprises 44 luxurious semi-detached villas and 112 condominium units within a lush tropical seaview setting.

Prices start from RM1,762,000 for semi-detached villas and RM761,000 for the condominium units.

- Bernama

rizalhakim

February 1st, 2009, 09:40 AM

Penang property market is lucrative

DESPITE the tough economic climate, investing in the property market in Penang is still a solid option.

Property prices in the state would always go up because land was limited here, state Tourism Development, Culture, Arts and Heritage Committee chairman Danny Law said.

“A crisis can turn out to be an opportunity. This is the time for investors to start develo-ping (more projects) because building mate-rials and labour are easy to come by due to the lack of competition (in the industry).

“Meanwhile, house buyers will have lots of choices. They should put their savings to good use by investing in properties as this is sure to bring good returns,” he said after launching Plenitude Heights Sdn Bhd’s Bayu Ferringhi development project in Penang yesterday.

http://thestar.com.my/archives/2009/1/31/north/bayu.jpg
Chua (left) presenting an artist's impression of Bayu Ferringhi to Law during the event.

He added that the property prices in the state were still relatively low compared with those in other countries in the region.

“Foreigners consider it cheap to invest in Penang’s properties because prices in countries like Singapore, Hong Kong, Shanghai, Xiamen and Shen Chen are much higher.

“That’s why you see a lot of Japanese, Europeans and Australians participating in the Malaysia My Second Home Programme (MM2H).

“Many foreigners choose to retire here because the cost of living here is low, the local food is delicious, the cultural heritage is rich, the scenery is beautiful and medical facilities are very advanced,” he said.

Law also noted that MM2H residents enjoyed many benefits including a 10-year renewable social visit pass with multiple visa entry; a choice of either bringing their car over or purchasing a tax-free Malaysian-made car; and the option to take on contract jobs and dabble in business and investment ventures.

In her speech, Plenitude Bhd executive chairman Chua Elsie announced that the company had received 11 reservations for the Bayu Ferringhi villas and 37 bookings for the condominiums.

“Bayu Ferringhi is developed to have an international appeal and it has attracted substantial foreign interest,” she said, adding that the company would continue developing pro-perties in support of the government’s MM2H initiative.

The new freehold project in Batu Ferringhi comprises 44 luxurious semi-detached villas and 112 condominium units. They will be built on a 4.45ha of land at Jalan Batu Ferringhi.

tanpadia

February 2nd, 2009, 07:57 AM

bayu ferringi
http://www.bayuferringhi.com/images/Condo_building_large.jpg
http://www.bayuferringhi.com

http://i151.photobucket.com/albums/s156/tanpadia/map.gif

http://i151.photobucket.com/albums/s156/tanpadia/Untitled-1-1.jpg

:banana:

TYW

February 2nd, 2009, 09:35 AM

It also could mean "first house" and perhaps "primary house."

in that case, it should be primera isn't it??

jlshyang

February 11th, 2009, 09:09 AM

for a low cost apartment i think dis is not bad la....is it low cost??? otherwise ill say yuck!!! reminds me of 80's flat in HK n Sgpore...

This project is near by house only. I'm wondering if the land is big enough for them to build such a high density development. If you all know where the old Olympia College is, that's the site for this project.

rizalhakim

February 12th, 2009, 06:25 AM

new

http://farm4.static.flickr.com/3352/3271162068_0cf690dea9_o.jpg

i found 3 projects but not sure whether dis is new or not...

http://www.tunasharta.com.my/files/Tunas%20Perdana.pdf

http://www.tunasharta.com.my/files/Pangsapuri%20Relau%20Pagar%20Buloh.pdf

http://www.bsgproperty.com/

rizalhakim

February 12th, 2009, 06:36 AM

The Katana Penang @ Tanjung Tokong
http://farm4.static.flickr.com/3133/2737459493_1967b312c2_o.jpg

soft launching probably in june.will be known as the acqua by katana

rizalhakim

February 16th, 2009, 03:32 AM

new from SP Setia

This year, SP Setia plans to develop the RM150mil Reflections, a single block of 350-unit condominium scheme within Setia Pearl Island.

“The units, with built-up areas of 1,048 to 1,543 sq ft, will be tentatively priced from RM338,880 onwards,” he said.

rizalhakim

February 17th, 2009, 08:09 AM

http://www.idealhomes.cc/Images/mainpage%20contest/mainpage-ver2_01.jpghttp://www.idealhomes.cc/Images/mainpage%20contest/mainpage-ver2_02.jpghttp://www.idealhomes.cc/Images/mainpage%20contest/mainpage-ver2_03.jpg
http://www.idealhomes.cc/Images/mainpage%20contest/mainpage-ver2_04.jpg

http://www.idealhomes.cc

their 3rd mega project since 2007 after the one penang http://www.skyscrapercity.com/showthread.php?t=551137 and pj sentral http://www.skyscrapercity.com/showthread.php?p=32354764

TYW

February 20th, 2009, 06:24 PM

This project is near by house only. I'm wondering if the land is big enough for them to build such a high density development. If you all know where the old Olympia College is, that's the site for this project.

Oh, so, that's the location...

Now i'm wondering the same as you...

rizalhakim

March 4th, 2009, 07:55 AM

Penang property prices may dip 10% this year
Written by Au Foong Yee
Friday, 27 February 2009 16:23

The Penang property market, inactive since mid last year, is stirring. After months of lying low, the more aggressive developers are back with new launches, this time armed with innovative financing packages they hope will woo prospective buyers adopting a wait-and-see stance.

Prices on the secondary market are down. Rising unemployment due mainly to the closure or downsizing of manufacturing operations hit by the global credit meltdown are expected to drive property prices down by 10% or so this year, according to Penang-based Raine & Horne International Zaki + Partners’ Michael Geh.

The dip, he says, is likely to occur in addresses with speculative elements and he identifies these as Bayan Lepas, Bukit Gambier and Sungai Dua (southwest district), Gurney Drive and Batu Feringghi (north east district).

Presenting The Edge/Raine & Horne International Zaki + Partners Penang Housing Property Monitor for 4Q2008, Geh notes that buying interest practically dried up during the period under review while construction of existing projects slowed down. The number of completed apartments has also dipped.

As expected, Penang commercial real estate is also feeling the pinch. Geh says for instance, Queensbay Mall’s ground floor units sized from 350 sq ft to 600 sq ft were sold for between RM2,450 psf and RM2,700 psf in 2007. Last year, however, a unit changed hands for just RM2,200 psf.

Sampling for the Penang Housing Property Monitor reveals that prices in most areas surveyed stayed unchanged from the previous quarter, due to very few or no transactions.

On a more positive note, Geh points to a 4.2% rise to 3.46 million in tourist arrivals last year from 2007. Greater tourism activity, Geh adds, will spur the demand for tourism-related property projects.

Read the full report on the Housing Monitor in the March 2 issue of City & Country, the property pullout of The Edge Malaysia.

rizalhakim

March 12th, 2009, 09:47 AM

Residents worried about amended condo plan

MANY residents staying near a proposed high-rise housing project in Green Lane, Penang, are getting worried by the increase in condominium units and fewer car park lots in the project.

Jelutong MP Jeff Ooi said the original building approved last year, had fewer storeys in its six blocks but now the developer was applying to amend the plan to build more floors.

“At the same time, the three-storey car park will be reduced to two storeys.

“More than 50% of the local community here are worried about the lack of parking space for the condo residents, which would cause them to park on the roadside and choke up traffic.

“The matter has been forwarded to Chief Minister Lim Guan Eng, who instructed acting Penang Municipal Council (MPPP) president Tang Cheng Chui and MPPP planning and development director Maimunah Mohd Sharif to consult us on tackling the problem and reviewing the developer’s second building plan, which has yet to be approved,” Ooi said at a press conference recently.

He said Lim recommended two new clauses for social harmony and sustainable development be included in the second building plan’s approval.

Ooi also said his service centre would be holding the ‘Thursday Night with Councillors’ programme beginning this month to accept complaints.

“Councillors will take turns to meet the public at the service centre every Thursday night from 8pm to 10pm,” he said, adding councillors Harvinder Singh, Ong Ah Teong and Teh Leong Seng were involved in the programme.

The Jelutong DAP service centre is at 88-1-1 Lintang Sungai Pinang at the Sri Wonder Complex. The centre’s numbers are 012-2956356 (hotline), 04-2816308 (office) and 04-2838812 (fax).

rizalhakim

March 17th, 2009, 04:42 AM

rizalhakim

March 18th, 2009, 05:06 AM

http://www.pdcp.com.my/images/MPica-Poster1-LR.jpg

http://www.pdcp.com.my/images/MPica-Poster2-LR.jpg

http://www.pdcp.com.my/images/MPica-Poster3-LR.jpg

http://www.pdcp.com.my/new_project_detail.aspx

rizalhakim

March 18th, 2009, 05:13 AM

Brisk sales for IJM’s condo
By DAVID TAN

GEORGE TOWN: Eager buyers snapped up about 40% of IJM Land Bhd’s newly launched Summer Place condominium units on the island over the weekend.

The sales translated to about RM70mil of the RM174mil project off the Jelutong Expressway, managing director Datuk Soam Heng Choon told StarBiz.

The 22-storey Summer Place comprises 531 units with built-up areas measuring between 1,012 and 1,464 sq ft, priced from RM273,000 to RM460,000.

http://biz.thestar.com.my/archives/2009/3/17/business/b_pg06summer.jpg
An artist's impression of IJM's Summer Place project

Soam said the project was about 40% completed.

Construction work started in the third quarter last year and is scheduled for completion in 2011.

“We are providing free legal fees on the sale and purchase agreement, free legal fees on loan and zero interest till completion of construction.

“The selling point is that it is near the harbour, the Penang Bridge, located along the new promenade off Jelutong Expressway, and is close to town.

“Furthermore, the pricing from RM273,000 is very affordable,” Soam said.

http://www.ijmland.com/our_projects/residential/summer_place/img/gallery02-big.jpg

http://www.ijmland.com/our_projects/residential/summer_place/img/gallery01-big.jpg

http://www.ijmland.com/our_projects/residential/summer_place/img/gallery05-big.jpg

http://www.ijmland.com/our_projects/residential/summer_place/img/gallery03-big.jpg

http://www.ijmland.com/our_projects/residential/summer_place/img/gallery04-big.jpg

http://www.ijmland.com/our_projects/residential/summer_place/img/gallery06-big.jpg

http://www.ijmland.com/our_projects/residential/summer_place/img/map_big.jpg

http://www.ijmland.com/our_projects/residential/summer_place/project.php?sectionid=1

rizalhakim

March 19th, 2009, 04:17 AM

Economic crisis brings attractive property deals

VISITORS to the Penang International Property Expo 2009 (PIP09) can look forward to attractive deals from developers in view of the tough competition caused by the property market meltdown.

Developers will be geared to explore winning strategies and opportunities at the expo, said event director Ong Ban Seang.

About 70 projects will be featured by 46 exhibitors at the expo, he added.

The three-day expo, scheduled from March 27, will be held from 11am to 9pm at the Penang International Sports Arena (PISA).

Ong said the expo, in its fourth year, would also see the launch of the inaugural PIP Property Network Evening which would be attended by the who’s who in the property scene and trade professionals such as architects, engineers, surveyors, planners and invited lawyers, bankers and the business community.

A series of talks and forums including a feng shui talk entitled ‘Creating Opportunities in Difficult Times’ and forums on Malaysia My Second Home (MM2H) and ‘Implications of George Town World Heritage Listing on the Real Estate Market’ will be held during the expo.

Ong also said that between 60 to 70 property lots were expected to go under the hammer.

In conjunction with the expo, a PIP Property Treasure Hunt will be held on March 21 where participants in 50 cars will scout for treasures at selected project sites and offices of the participating exhibitors.

The flag-off will be at 10am at the Aquatic Centre in PISA and forms are available at the Penevents office at PISA.

The expo is organised by PIP Creation Sdn Bhd with the co-operation of Penevents, Raine & Horne and supported by the State Housing Committee.

rizalhakim

March 23rd, 2009, 04:23 AM

http://farm4.static.flickr.com/3600/3378035622_632a42f897_o.jpg

http://farm4.static.flickr.com/3209/3378035786_0819be9d44_o.jpg

rizalhakim

March 25th, 2009, 04:18 AM

Penang International Property Expo to attract 30,000 visitors
Written by Angeline Foo
Tuesday, 24 March 2009 19:33

PENANG: The 4th edition of the Penang International Property Expo 2009 (PIP’09), which begins on March 27, is expected to attract about 30,000 visitors to the three-day event.

There will be about 40 exhibitors including Mah Sing Group Bhd, SP Setia Bhd, CIMB Bank Bhd and HSBC Bank Malaysia Bhd at the exhibition to be held at the Penang International Sports Arena (PISA).

Visitors can expect innovative and creative offers and packages for over 300 products. They will also have an opportunity to listen to the experts on issues including “High-rise living and management” and “Elements of fraud in property transactions”.

There will also be panel discussions on “Implications of George Town world heritage listing on the real estate market” and the “Malaysia My Second Home” programme.

The inaugural PIP Property Network for developers and trade professionals will also be held after the opening ceremony to be officiated by the State Executive Councilor for Housing, Town and Country Planning, Wong Hon Wai;

Another highlight of the exposition will be the MNP Auction – where 50 properties will come under the hammer.

On March 29, the delegates from the FIABCI regional summit delegates will be participating in the forum entitled, “The state of the property market’. The exposition is organised by PIP Creation Sdn Bhd.

rizalhakim

April 5th, 2009, 03:52 PM

Setia Pearl Island - Reflections Condominium

http://lh4.ggpht.com/_lk4hR8_XjC4/SaVsPlyEAnI/AAAAAAAAD24/edyKv16SdQ8/s800/1.jpg

This year, SP Setia plans to develop the RM150mil Reflections, a single block of 350-unit condominium scheme within Setia Pearl Island. The units, with built-up areas of 1,048 to 1,543 sq ft, will be tentatively priced from RM338,880 onwards

rizalhakim

April 7th, 2009, 09:21 AM

Pearl Garden anchors Prai projects

In Seberang Prai, the largest project to be launched this year is the Pearl Garden, a joint-venture housing scheme by Taman Indah Group and Mutiara Goodyear Bhd.

The Pearl Garden, targeted for launch in May, comprises 616 bungalows, semi-detached, and terraced houses with an estimated gross sales value (GSV) of RM210mil.

“The Pearl Garden project is located in a 1,086 acre township developed by Mutiara Goodyear Bhd to become a fully integrated township for the Simpang Ampat community, which will serve as a growth catalyst in the region,” says Tambun Indah managing director Teh Kiak Seng.

Teh expects property prices on the mainland to remain resilient due to high land costs, insignificant decrease in raw materials except for steel, and high labour costs due to the shortage of construction workers.

“The current economic environment has affected the housing sector. In order to mitigate the effects, we are absorbing legal fees and stamp duty on transfer and zero interest for new purchasers during the construction stage,” he says.

Island Landcap Sdn Bhd, a company specialising in developing high-rise properties on the mainland, is launching some 350 units of apartments with an estimated GSV of RM65mil in Seberang Jaya at the end of 2009.

Its managing director Oon Weng Boon says that the yet to be named scheme, located on a seven acre site, would be equipped with life-style facilities.

They are mid-income homes, priced between RM150,000 and RM180,000, but they come with the facilities that you would enjoy from a high-end condominium on the island. These apartments are priced about 30% lower than landed properties on the mainland.

Oon says the company plans to launch another 650 units of apartments in 2010.

The company previously developed 300 units of similar type of properties called Cassia Resort Condominiums in Jalan Raja Uda

rizalhakim

May 4th, 2009, 10:10 AM

Summer Place is an attractive waterfront condominium with complete condo facilities and easy access to the town

http://www.iproperty.com.my/reviews/summerplace/main.jpg
Summer Place

Located off Jelutong Expressway, Summer Place is an attractive waterfront condominium with complete condo facilities and easy access to the town.

Soft launched in March this year, Summer Place is a waterfront condominium located in Georgetown, Penang. Sitting on 6.25 acres of land off Jelutong Expressway, the project has a gross development value of RM176 million.

With panoramic views of Penang Bridge, promenade, seaview and easy access to the town and Penang bridge, Summer Place is akin to a holiday seaside retreat. Housed in three towers of 20 and 22 storeys, the condominium comes with a full range of amenities and facilities for the pleasure and convenience of its residents.

Facilities and amenities for the entire family

Apart from its attractive location beside the waters, Summer Place offers a complete range of facilities and amenities including reading room, games room, poolside Wi-fi facility and community halls. For fitness enthusiasts, there is the aerobic room, semi basketball court as well as indoor and outdoor gymnasiums.

Take a dip in the infinity edge swimming pool or hang out at the pavilion with waterspouts on the rooftop. Relax your muscles and soothe the stress away at the covered Jacuzzi inside the pavilion or soak up some sun in the open Jacuzzi that comes with a trellis. For the kids, there is a children’s wading pool and a children’s playground.

Entertain guests at the poolside cabana with timber decks or have a weekend barbecue at the barbecue pit. There is also a garden walkway and a contemporary tropical garden for leisurely evening walks. A water lily pond graces the swimming pool entrance while the viewing deck offers beautiful vistas of the sea.

Exclusive benefits for buyers

Targeted at the local and modern class generation, the 531 units of Summer Place condominium comes in four contemporary designs. These units are sized between 1,012 sq ft and 1,464 sq ft and are available from RM283,000 to RM462,000. Each unit comes with two parking bays.

Completion of Summer Place is expected in early 2011. Developed by Jelutong Development Sdn Bhd, a subsidiary of IJM Land Berhad, the condominium has received tremendous response with 200 units snapped up during its soft launch. To date, 70 per cent of the units have been sold.

Buyers of Summer Place will also enjoy exclusive benefits under IJM Land’s My Space Plan, a tailor-made home ownership plan applicable for the condominium. Benefits include zero interest until completion, 5:95 payment scheme, free legal fees and disbursements for sale and purchase agreement and loan agreement, and an easy payment scheme with first payment of up to 10 per cent via credit card with 12 months free interest.

A reputable developer with a wide range of properties

IJM Land Berhad, the result of a merger between IJM Properties and RB Land, is the listed property development arm of IJM Corporation Berhad. The prominent Malaysian property developer has a strong presence in prominent locations such as Penang, Klang Valley, Negeri Sembilan, Melaka, Johor, Sarawak and Sabah.

The reputable developer has been providing a wide range of properties to the Malaysian market including integrated developments, townships, residential properties, offices and retail. To find out more about Summer Place and other exclusive benefits offered, kindly call (604) 296 1288 or visit its website at www.ijmland.com.

rizalhakim

May 5th, 2009, 11:39 AM

All Seasons Park and All Seasons Place @ Farlim

http://img10.imageshack.us/img10/2171/asploveralldayview0.jpg (http://img10.imageshack.us/my.php?image=asploveralldayview0.jpg)

Entrance
http://img525.imageshack.us/img525/4208/entranceview.jpg (http://img525.imageshack.us/my.php?image=entranceview.jpg)

http://img8.imageshack.us/img8/3182/aspl02.jpg (http://img8.imageshack.us/my.php?image=aspl02.jpg)

http://img9.imageshack.us/img9/2535/aspl01.jpg (http://img9.imageshack.us/my.php?image=aspl01.jpg)

http://img378.imageshack.us/img378/5493/courtyardview.jpg (http://img378.imageshack.us/my.php?image=courtyardview.jpg)

For me the lifestyle mall is nice :banana:

not bad...altot its reminds me alot of low cost condo at singapore/HK....but the shopping mall nicelah!!

rizalhakim

June 2nd, 2009, 04:52 AM

PJD to unveil third phase of Harbour Place
By SHANNEN WONG

Company registers average sales of 90% from previous two phases

KUALA LUMPUR: PJ Development Holdings Bhd (PJD) targets to launch the third phase of its Harbour Place project, the Ocean View Residences, in Penang with a gross development value of RM83mil by the middle of this month.

Chief operating officer Lim Lian Seng said the project, which consists of 386 condominium units with built-up areas of 938 and 1,100 sq ft, was located on a three-acre site near Penang Sentral transport hub.

Targeted at young working adults and scheduled for completion within three years, the building has incorporated distinct green elements such as eco-friendly landscaping and “sky garden”.

This is part of the group’s compliance with the Green Building Index endorsed by the Malaysian Institute of Architects.

http://biz.thestar.com.my/archives/2009/6/2/business/b_pg08pjd.jpg
Lim Lian Seng pointing to the proposed sky bridge linking Menara PJD to the Star LRT and KL monorail stations.

PJD has registered an average sales of 90% for phase one, Park View Residences, and phase two, Sea View Residences, of its 24-acre residential development.

Year-to-date, the group has registered some RM120mil sales from its one new and nine existing projects.

Among its existing projects are its flagship development – Swiss Garden Residences and Endah Promenade in Kuala Lumpur and Impian Meridien in Subang Jaya.

Meanwhile, PJD had invested some RM700,000 in a sky bridge to link its Menara PJD business tower to the STAR light railway transit and KL monorail stations, Lim said.

“We took over an abandoned serviced apartment project for about RM140mil last year and invested another RM100mil to convert it into a commercial building,” Lim said.

With an average rental rate of RM5 per sq ft, the group hoped to achieve 80% occupancy for Menara PJD in the first year of its opening in September, which would translate into a yield of at least 7% per annum, he said.

“We are in talks with various parties, including a major anchor tenant who has shown interest in leasing the whole building, and expect to close the deals within the next two months,” said Lim.

The 28-storey purpose-built business tower has 75 office suites with floor sizes from 1,335 to 29,353 sq ft. Of the 75 suites, 19 are corporate and the balance executive.

The former has more than 8,000 sq ft with attached bathroom and pantry while the latter will be from 1,367 to 8,000 sq ft. Menara PJD also consists of retail lots with built-up area of 646 to 12,487 sq ft.

Currently, PJD has some 1,500 acres undeveloped land bank in the Klang Valley, Kuantan, Johor and Penang.

For the third quarter ended March 31, PJD posted a net loss of RM1.77mil against a net profit RM9.29mil in the previous corresponding period.

Revenue dropped to RM133.35mil from RM159.15mil a year ago.

For the nine months to March 31, it recorded a 86.43% drop in net profit to RM11.47mil while revenue fell 10.61% to RM460.52mil.

rizalhakim

June 4th, 2009, 08:29 AM

http://www.centralpark.com.my/images/layer/intropage.gif

official website http://www.centralpark.com.my/

rizalhakim

June 10th, 2009, 05:58 AM

http://www.iluxuryasia.com/property/images/dev/MY/housepicture/original/HP1441.jpg
Harmony Residence
Tanjung Bungah, Georgetown, Penang,
Tenure: Freehold
Min. Size: 5025 sq. ft.
Listing Price: From MYR2,500,000 - MYR3,600,000
No. of Bedrooms: 3+1
No. of Bathrooms: 4
Total Units/Lots: 29

http://www.iluxuryasia.com/property/images/dev/MY/showunit/640/05bc216ef46e4a369c3cd76b554803a0.jpg

http://www.iluxuryasia.com/property/images/dev/MY/showunit/640/99cd58ef5a3d41e69bcad06d30b64f77.jpg

http://www.iluxuryasia.com/property/images/dev/MY/showunit/640/692eafda688a4af694c5f145c96ca4e8.jpg

rizalhakim

June 11th, 2009, 04:04 AM

Belleview launching projects worth RM500mil on Penang island
By DAVID TAN

http://www.belleview.com.my/sites/default/files/ASPL-OverallDayView.jpg?1232425173

GEORGE TOWN: Belleview Group is launching residental and commercial properties on the island with an estimated gross development value (GDV) of more than RM500mil this year.

Group managing director Datuk Sunny Ho told a press briefing that the projects comprised 227 houses for Palmyra Residences in Balik Pulau, 1,300 condominiums at three high-rise schemes in Air Itam, 62 terraced and semi-detached properties in Bukit Dumbar, and the 1st Avenue shopping mall complex in George Town.

“We are launching now because of the lower raw materials prices. Steel, for example, is now about RM2,000 per tonne from about RM4,000 earlier this year.

“The prices of other materials have dropped by about 30% compared with earlier this year,” he said.

Banks were also offering attractive housing loans at an all-time low interest rate of 2.2% per annum, he said, adding that Belleview also believed the global economy was on its way to recovery.

The Palmyra Residences comprises double-storey terraced and semi-detached houses priced from RM373,000. The properties have built-up areas ranging between 1,625 and 1,976 sq ft.

In Air Itam, the condominium units under Melody Homes, All Seasons Park and All Seasons Place will be built on a 20-acre site, which will also house a 250,000 sq ft commercial complex.

In the third quarter, Belleview will launch 1st Avenue, a shopping mall with an estimated gross commercial area of 600,000 sq ft, next to Komtar.

rizalhakim

June 24th, 2009, 04:29 AM

2 new projects
Rich Entrepreneur future project "The Royal Home"
http://www.richhomes.com.my/images/TheRoyalHome.jpg

http://www.pdcp.com.my/images/halamankenanga.jpg

http://www.pdcp.com.my/images/hk_1.jpg
LOW COST AND LOW MEDIUM COST RESIDENTIAL DEVELOPMENT AT SG.NIBONG
200 units of low cost apartment
514 units of low medium cost apartment
6 units shops, 2 Blocks 22 Storey
Built-up of 680 sq.ft. to 700 sq.ft. per unit
Multi storey car park
17 units per floor
2 lifts per floor
3 bedrooms and 1 bath & 1 toilet, separated
Strategic location – near to USM, schools, Sunshine Supermarket, Equatorial & Vistana Hotels, Bukit Jambul Complex, food courts, market, public transport

http://www.pdcp.com.my/images/hk_map.jpg

rizalhakim

June 25th, 2009, 10:25 AM

Ocean View Residences
new from PJ Development

http://www.pjdprop.com.my/harbour/pic/ov_pic02.jpg
Ocean View Residences is designed based on our Chic Urban Living concept where we blend practicality with peace-of-mind and integrate functionality with convenience. All captured in an environment that’s trendy, fashionable, energetic and dynamic.

Come indulge in the tranquility of our pleasant interiors where every little bit of space speaks about who you are and how you want to live.

http://www.pjdprop.com.my/harbour/pic/ov_pic01.jpg

Developer :
PJD Eastern Land Sdn. Bhd. (92843-H)
(A member of PJ Development Holdings Group)
Lot 2446 & 2447, Jalan Chain Ferry
Seberang Perai Utara
12100 Butterworth, Penang
Tel : 04 - 332 1188 Fax : 04 - 332 3128

http://www.pjdprop.com.my/harbour/pic/ov_masterplan-s.jpg

penang new projects really aggresivela dis year!!!.....

rizalhakim

June 30th, 2009, 06:08 AM

rizalhakim

July 7th, 2009, 07:22 AM

Penang prepared to cancel developer’s project
By K. KASTURI DEWI

GEORGE TOWN: The Penang government is prepared to cancel Nusmetro Ventures (P) Sdn Bhd’s project in Kampung Buah Pala if the developer fails to compensate the residents.

Chief Minister Lim Guan Eng said yesterday that the state was willing to face financial losses if it cancelled the project and the developer took action against the state.

“I just want to warn the developer not to test the state government’s patience because we will not back out just like that,” he told a press conference after opening a photography exhibition entitled “View Through the Lens of Photojournalist” by the Penang Chinese Newspapers Journalists and Photographers’ Association at the main entrance of Komtar yesterday.

Lim also warned the developer not to issue threats that they would move in to take possession of the houses.

It was reported on Thursday that Nusmetro Ventures executive director Thomas Chan said the company has a writ of possession and that it would go in.

Lim also warned the developer not to act in a high-handed way thinking that it could escape paying compensation just because it had obtained a court order.

He also said that he had no problem meeting the residents but added that this would give an impression that both his deputies Dr P. Ramasamy and Mansor Othman, who were assigned to handle the matter, were not capable of doing their job.

“The former state government and Barisan Nasional created this mess and (former chief minister) Tan Sri Dr Koh Tsu Koon should address the matter in the Cabinet on Wednesday as the present state government is not financially capable,” he said.

Lim also said that the state could not buy back the land at the RM3.2mil price paid by the Koperasi Pegawai Kerajaan Pulau Pinang Bhd to the previous state government as the land was now valued 20 times more.

On the threat by residents to send a letter to Unesco to revoke George Town’s World Heritage Site listing, Lim said they had the right to do so if they wanted to, but pointed out that the village was not in the heritage zone.

Deputy Chief Minister II Dr Ramasamy, who was also present, said the state had waited 15 months to investigate the matter as in the beginning, the residents had won two cases involving the land in the Penang High Court.

He said the state would also check if the documents from the Land Office were in order and find out why the land was sold by the previous state government at the low price of RM3.2mil.

Kampung Buah Pala Association assistant secretary C. Tharmaraj, when contacted, questioned the position of the state to talk about compensation issues when it had yet to meet the residents or complete investigations.

“We don’t want the money. We want the state to reveal how the land transaction happened. The transfer was made on March 26 last year and the council building permission was given in November 2007,” said Tharmaraj.

rizalhakim

July 8th, 2009, 10:39 AM

http://farm3.static.flickr.com/2653/3696729263_e085c81bba_b.jpg

http://farm4.static.flickr.com/3473/3697537974_1a870365c4_b.jpg

Another Penang-based developer, Tropical Hill Property Sdn Bhd, is scheduled to launch its mini superb condo project late this year.

The 22-storey Pavilion Tower on a 1-ha site in Teluk Kumbar comprises a block of 99 units with built-up areas of between 1,600 and 5,000 sq ft.

Tropical Hill Property managing director Datuk Loh Geok Beng said the units would be priced at about RM300 per sq ft.

“The low-density project, located close to the Penang International Airport and the Penang Bridge, is equipped with full recreational facilities including a swimming pool and community hall that can accommodate 500 people,” he said.

rizalhakim

July 14th, 2009, 07:42 AM

new housing project at Batu Lanchang, Central Park by City Associates Sdn Bhd
(CA Goh)

http://i4.photobucket.com/albums/y150/forever_consern/DSC00325-1.jpg

zoom zoom.... hehe.

http://img186.imageshack.us/img186/1931/cimg1484sd6.jpg

another problem project in Png

Ooi lashes out at two PKR municipal councillors
By WINNIE YEOH

GEORGE TOWN: While PKR MP Wee Choo Keong was turning on DAP exco men in Selangor, Jelutong MP Jeff Ooi has lashed out at two PKR Penang municipal councillors, calling one of them a “madman” and another a ponteng councillor (truant councillor).

The DAP man said he received complaints from at least five major developers against councillor Mohd Razali Abdullah for causing delays in the decision-making of certain development applications.

http://thestar.com.my/archives/2009/7/14/nation/n_16ooi.jpg
Stating his stand: Ooi (second from right) chatting with residents and association cochairman Chan Chu Seng (left) in George Town yesterday.

“He wants to bring up old files and this delays the decision-making process,” he said at a press conference at the Batu Lanchang market yesterday. He had earlier met residents of the area to hear their complaints about a nearby project.

Ooi said speedy approvals were necessary as the approval process in Penang takes up to 36 months compared to six months in Johor and 15 months in Kuala Lumpur.

“A developer who is undertaking a project with a gross development value of RM400mil submitted an amendment building plan recently.

“Mohd Razali wants to go through the old files and this means going through 16 departments.

“He is questioning the capability of the departments. This is interfering with the departments,” he said.

Ooi, who is Chief Minister Lim Guan Eng’s chief of staff, hoped the state government would advise him.

Mohd Razali, when contacted, said he was now in Manek Urai, Kelantan, helping in the by-election campaigning.

“I’m very busy,” he said.

Ooi also criticised another councillor Muhammad Bakhtiar Wan Chik, who allegedly lobbied for the revoking of a stop-work order issued against a developer on June 26.

He said Muhammad Bakhtiar was not even present at the meeting when the stop-work order was decided.

“He must speak the truth. He is a ponteng councillor who only attends the One-Stop Centre meetings which are usually held on Thursdays during lunch hour.

“I am sure PKR can appoint someone better than him,” he said.

Ooi said he was not targeting certain people but would always call “a spade a spade” even with DAP councillors.”

Muhammad Bakhtiar, when contacted, said he did not want to comment on Ooi’s remarks.

“Ooi can complain to council president Tan Cheng Chui. He doesn’t have to go to the press,” he said.

rizalhakim

July 15th, 2009, 07:05 AM

Landmark Strategy Sdn Bhd is developing the 952-unit Pinang Laguna Theme Park Condominium with a gross sales value of RM160mil on seven acres in Seberang Jaya.

The units are priced between RM170,000 and RM220,000 for built-up areas of 950 to 1,100 sq ft.

Business development manager Michael Cheng said the project would be equipped with theme park facilities. “There will also be a clubhouse with spa, gymnasium, sauna and outdoor jacuzzi,” he said

http://biz.thestar.com.my/news/story.asp?file=/2009/7/15/business/4312178&sec=business

rizalhakim

July 16th, 2009, 09:41 AM

Fettes Residence
http://www.palmex-property.com/images/project/fettes/35-Storey-Condominium.jpg

http://www.palmex-property.com/images/project/fettes/fettes_progress_01.jpg

rizalhakim

July 23rd, 2009, 12:30 PM

http://www.akekgroup.com/hompton.jpg
Hompton Development, Penang

rizalhakim

July 27th, 2009, 10:00 AM

http://kingwayproperty.com/wp-content/uploads/2009/06/a-oasis-a.jpg
The Oasis Penang

Kelulusan pembangunan Kampung Buah Pala ditarik balik
25/07/2009 5:12pm

PULAU PINANG 25 Julai - Ketua Menteri, Lim Guan Eng hari ini mengarahkan Majlis Perbandaran Pulau Pinang (MPPP) menarik balik kelulusan pembangunan yang diberikan kepada pemaju projek perumahan di Kampung Buah Pala, Nusmetro (P) Sdn. Bhd. bagi menghalang pembangunan di kawasan itu.

Guan Eng berkata, beliau menggunakan kuasanya sebagai Ketua Menteri untuk membatalkan keputusan yang telah dibuat oleh kerajaan negeri terdahulu.

Katanya, kerajaan negeri sekarang tidak terlibat dengan sebarang urusan atau kelulusan projek yang dicadangkan di situ dan jika pemaju mahu meneruskan projek itu, mereka perlu mengambil kira aspek sosial penduduk di situ.

Bercakap kepada pemberita selepas merasmikan Forum Indeks Bangunan Hijau anjuran Pertubuhan Arkitek Malaysia (PAM) cawangan Utara di sini hari ini, beliau berkata, pemaju boleh merobohkan rumah penduduk yang terlibat pada 3 Ogos ini tetapi tanah itu tidak boleh dibangunkan dengan apa juga projek pembangunan.

“Jika pemaju masih mahu meneruskan projek itu, mereka perlu mencari jalan penyelesaian yang menguntungkan semua pihak termasuk penduduk kampung berkenaan,” katanya.

Beliau berkata, walaupun keputusan Mahkamah Persekutuan memihak kepada pemaju namun ia bukan alasan untuk pemaju mengetepikan aspek sosial untuk membantu penduduk terlibat.

- BERNAMA

rizalhakim

July 28th, 2009, 04:35 AM

Developer offers ‘pleasant news’
2009/07/28

By Audrey Dermawan and Looi Sue-Chern

GEORGE TOWN: Koperasi Pegawai Kerajaan Pulau Pinang, owner of the Kampung Lorong Buah Pala land, will not surrender any part of it to the residents, who are facing eviction.

Chairman Abdul Razak Mansor said the co-operative hadentered into an agreement with Nusmetro Ventures (P) Sdn Bhd to develop the land.Razak was commenting on Chief Minister Lim Guan Eng’s statement on Friday that a development order issued to Nusmetro for an apartment project at the site would be revoked.

Lim had said one possible solution to the problem was for the developer to surrender a portion of the land to a portion of the land to allow the residents so they could continue living there. Razak took a swipe at Lim, saying: “To me, this looks more like a threat to the developer. I do not trust what Lim has to say as he is known to change his version every other day.”

The villagers of Kampung Lorong Buah Pala lost their two-year legal battle to preserve the village in Bukit Gelugor, dubbed Penang’s High Chaparral, after the Federal Court dismissed their application for leave to appeal against a Court of Appeal’s decision that ruled in favour of the land owner and developer.

A writ of possession dated July 2 was issued. However, they have since been given a month’s extension, until Aug 2, to vacate.

Meanwhile, the villagers have not given up hope of fighting their case in courts.

The village’s residents association assistant secretary, C. Tharmaraj, said even if their homes were demolished next week, they would still fight their case.

“We believe we can still pursue this in court. Our case has never been heard properly.” The residents association’s legal counsel, Darshan Singh Khaira, confirmed that he would continue to pursue the matter in court, including applying for a stay at the Penang High Court.

Tharmaraj said there were new points the residents would use to argue against the cooperative and the development of their village.

“The temporary land ownership (Borang 11AK) document from the Land Office states that the land, which is on leasehold, cannot be transferred, mortgaged, leased or entered into any form of business transaction.

“So, we will argue that the developer cannot enter into any agreements with the cooperative,” he said.

Meanwhile, Nusmetro executive director Thomas Chan said he believed a solution was possible and that some “pleasant news” could be expected in the next few days.He declined to elaborate.

“I cannot announce it until all parties are agreeable to the deal. We are working with the Penang Island Municipal Council to iron out some technical issues.”

rizalhakim

July 30th, 2009, 05:36 AM

State govt makes proposal to Kg Buah Pala residents
By CHRISTINA CHIN

GEORGE TOWN: Kampung Buah Pala villagers will get a double-storey house each and a community hall under a proposal mooted by the state government.

Deputy Chief Minister II Dr P. Ramasamy said if the villagers accept the proposal, the state would negotiate an extension of the Aug 3 deadline to demolish the village.

“We will also lift the revocation of development order,” he said, adding that some villagers had asked for condominium units and money.

“We cannot offer different packages for each of them but we feel that the best solution is landed property. However, we will have to wait for the developer’s proposal,” he said.

Dr Ramasamy said the state expects to receive the proposal from developer Nusmetro Ven-tures (P) Sdn Bhd by today.

“We hope to reach an amicable solution on the Kampung Buah Pala issue when we present the developer’s proposal to the villagers at Komtar on Saturday.

“There will be no lawyers involved,” he said, adding that the villagers were free to make a decision whether to accept the offer.

Nusmetro Ventures director Gary Ho said the company was still working on the proposal.

On MIC president Datuk Seri S. Samy Vellu’s claim that the party would deposit a bank draft for RM3.2mil with its lawyers to pay to the Penang government, Dr Ramasamy said:

“He should just contact the Koperasi Pegawai-Pegawai Kerajaan Pulau Pinang because they own the land – not the state government.” He added that the land was worth some RM150mil.

Meanwhile, the Penang Gera-kan Youth lodged a report with the Malaysian Anti-Corruption Commission over the alienation process of the 2.6ha Kampung Buah Pala land in Gelugor.

Its vice-chairman H’ng Khoon Leng said the state government had hastily completed the land alienation process by accepting RM2.24mil in land premium on March 14 and March 27 last year, before issuing the title to the co-operative.

rizalhakim

July 30th, 2009, 09:05 AM

Fettes Residence
http://www.palmex-property.com/images/project/fettes/35-Storey-Condominium.jpg

http://www.palmex-property.com/images/project/fettes/fettes_progress_01.jpg

price from 836k - 2,634m
195units
xpcted completion - 2011

wooikuang

August 2nd, 2009, 05:26 PM

2 new projects

http://www.pdcp.com.my/images/halamankenanga.jpg

http://www.pdcp.com.my/images/hk_1.jpg
LOW COST AND LOW MEDIUM COST RESIDENTIAL DEVELOPMENT AT SG.NIBONG
200 units of low cost apartment
514 units of low medium cost apartment
6 units shops, 2 Blocks 22 Storey
Built-up of 680 sq.ft. to 700 sq.ft. per unit
Multi storey car park
17 units per floor
2 lifts per floor
3 bedrooms and 1 bath & 1 toilet, separated
Strategic location – near to USM, schools, Sunshine Supermarket, Equatorial & Vistana Hotels, Bukit Jambul Complex, food courts, market, public transport

http://www.pdcp.com.my/images/hk_map.jpg

who know where exact location for "The Royal Home"? look nice.

rizalhakim

August 3rd, 2009, 04:36 AM

Lanai Seri Condominium by MRCB...

http://img208.imageshack.us/img208/6836/cimg2004t.jpg

http://www.mrcbland.com.my/images/new1/lanailogo.jpg

Lanai Seri is an up and coming exclusive condominium situated in Bukit Dumbar, Penang with three unique views that brings the best from three worlds.

http://www.mrcbland.com.my/images/lanai/map2.jpg

http://www.mrcbland.com.my/images/lanai/mainm.jpg
Lanai Seri Condominiums is a high-end development by MRCB Land built around a Smart Home concept with contemporary lifestyle features. It is strategically-located and is a low density residential development situated on 6 acres of prime freehold land.

Comprising 148 units of high-end condominiums featuring a unique Smart Home concept, it offers potentially high investment returns and promotes strong community relations through a specially-conceptualised intranet.

http://www.mrcbland.com.my/index-lanai.html

rizalhakim

August 3rd, 2009, 08:38 AM

Baystar Png

http://farm4.static.flickr.com/3470/3783583007_7caeab8b37_b.jpg

Oliver37

August 3rd, 2009, 10:47 AM

Would you please post some up to date pics of Skyhome. I believe it may be nearing completion.

Thanks,

Oliver

rizalhakim

August 13th, 2009, 04:55 AM

Coming up! Maritime Square by IJM at Jelutong

http://farm3.static.flickr.com/2442/3816681476_5f5b5d4fdc_o.jpg

dam dats so cool!!!!
thx dude!!!

TYW

August 15th, 2009, 04:08 PM

façade looks a little boring... but the curves are sexy :cool:

rizalhakim

August 17th, 2009, 07:38 AM

http://farm3.static.flickr.com/2449/3829267218_1359b00f18_b.jpg

http://farm3.static.flickr.com/2669/3829267412_6108e3673a_o.jpg

rizalhakim

August 18th, 2009, 08:57 AM

AP Land to launch eco-friendly project "Island Bay Resort"

PROPERTY developer Asia Pacific Land Bhd (AP Land) will launch its first prestigious ecology-friendly development in Penang, also the first for the island, by the third quarter of 2009.

The RM400 million project, dubbed "Island Bay Resort", will comprise 172 units of low density resort bungalows, villas and boutique apartments, built on a 16.2ha (40-acre) freehold site at Batu Ferringhi beach.

AP Land executive director of architectural services, Wee Beng Sang, is confident that the units will be fully taken up in six to nine months from its date of launch.

The bungalows and villas, which make up 70 per cent of the project, will be priced between US$1 million and US$1.5 million ((RM3.26 million and RM4.89 million) each. The apartments with resort- style setting, will be priced from RM500,000.

"We are targeting foreign buyers. The selling point is the elevated ground, undulating terraces, matured trees and view of the Andaman Sea," Wee said at a media briefing in Kuala Lumpur yesterday.

Island Bay, which will be completed by 2012, is aimed at high net worth individuals. It will include a clubhouse and a view platform, while AP Land will incorporate a green concept in preserving the environment for sustainability.

"There is a growing number of millionaires in the world who are looking at setting up homes in foreign countries.

"Penang has a lot to offer in terms of natural resources, but it does not have a prestigious development to attract high net worth people.

"We firmly believe that Island Bay would be a much sought-after development with its environmentally-friendly approach. Our project will set a new benchmark and put Penang on the map," added Wee.

AP Land, which acquired the land in the early 1980s, will use its own money for the initial stage of development and the rest would be self-funded.

This is AP Land's last parcel of land in Penang.

by Business Times

http://www.apland.com.my/apland/images/logo_ibr.jpg

http://www.apland.com.my/apland/images/img_ibr.jpg

Penang Island Bay Resort is a premier and exclusive private and self-contained township located within the Batu Ferringhi Tourist Belt in Penang.

Spanning 57 acres, it is planned as a mixed resort residential development comprising condominiums, apartments, townhouses, villas, semi-detached homes and bungalows.On the second phase the group is planning to launch another phase of eco-friendly apartment and bungalow.

To-date, 600 units of these mixed residential development have already been built and occupied. Residents in the township enjoy the benefits of a hill environment and panoramic sea views in addition to a range of recreation, sporting and entertainment facilities located

Marina Terace Sports Complex, 2nd Floor,
Jalan Low Yat, 11100 Batu Ferringhi, Penang
Tel : +(604) 899 1123 or
+(603) 2162 9888 (KL)
Fax : +(604) 890 5260 or
+(603) 2162 1999 (KL)
E-mail : islandbay@apland.com.my

rizalhakim

August 24th, 2009, 07:19 AM

Few apartments left for sale

THOSE with a tight budget but wish to own an ideally located and affordable apartment in Butterworth should check out Benar Prima Resources Sdn Bhd at The Star Property Fair 2009 next month.

The property developer is promoting the Casa Prima lifestyle apartments being built in Seberang Jaya during the three-day fair.

The 31-storey three-room freehold apartments are only open to bumiputras.

Its sales administration senior manager Lee Phoy Yeong said more than 90% of its 332 units have been sold.

“There are only a few units left and we are confident they would be sold out during the fair,” he said.

Lee said construction work for the project started in 2007 and is scheduled for completion by the middle of next year.

http://thestar.com.my/archives/2009/8/24/north/benar.jpg
High living: Lee showing artist impressions of Benar Prima Resources's two projects - the Oasis (right) and Casa Primalifestyle apartments in Gelugor and Seberang Jaya respectively.

Touted as one of the tallest buildings on the mainland when completed, the units range from 865 sq ft to 908 sq ft and priced from RM110,000 onwards.

“Based on its built-up space and location, we are actually offering a very competitive price.

“The project is ideally located in Seberang Jaya with close proximity to hypermarkets, schools, a government hospital and other public facilities. It also gives easy access to the North-South and Butterworth-Kulim expressways,” he said.

Facilities available include security service, multistorey carpark, swimming pool, children’s playground, barbecue pits and tennis courts.

Lee said the showhouse for Casa Prima is open for viewing but only with appointment. For more information, contact 04-2839889.

He also said eight double-storey shoplots located next to the project would also be unveiled during the fair.

The shoplots, named Sutera Avenue, are priced from RM533,000 onwards each. Seven units have already been sold.

The Star Property Fair 2009, organised by The Star in collaboration with Henry Butcher Malaysia and supported by The Expat Group, will feature the creme de la creme of properties and will take place at the G Hotel on Sept 11, 12 and 13.

A ‘lifestyle’ section has also been introduced as an extension of the fair at the Gurney Plaza where visitors would find a varied selection of home improvement products and offerings with the aim of converting a property into a dream home.

Limited number of booths at both places are still available. For enquiries, call Bessie Lim 04-64733488 (ext 3418) or Mike Ong (ext 3357).

forever consern

August 24th, 2009, 01:22 PM

Would you please post some up to date pics of Skyhome. I believe it may be nearing completion.

Thanks,

Oliver

http://i4.photobucket.com/albums/y150/forever_consern/DSCN0856.jpg

http://i4.photobucket.com/albums/y150/forever_consern/DSCN0858.jpg

http://i4.photobucket.com/albums/y150/forever_consern/DSCN0860.jpg

rizalhakim

August 27th, 2009, 08:23 AM

Showcase of luxury property

THE Ivory Properties Group is showcasing landed residential and high-rise residential and commercial property worth over RM250mil on Penang island and the mainland at The Star Property Fair next month.

The projects include the Zen @ The View comprising seven bungalows in Batu Uban, the RM150mil 10 Island Resort, a condominum-cum-resort villa development on a four-acre site in Batu Ferringhi, and the RM90mil Aston Villa, a mixed development project comprising landed residential and commercial property in Bukit Mertajam.

http://thestar.com.my/archives/2009/8/26/north/ivory.jpg
Home with a view: An artist's impression of The 10 Island Resort project in Batu Ferringhi.

The bungalows for Zen @ The View, each with a land area measuring 3,800 sq ft to 7,707 sq ft, are sold from RM1.8mil onwards.

The 10 Island Resort condominiums have built-up areas ranging between 1,100 sq ft and 3,200 sq ft, while the built-up for the resort villas ranges between 3,850 sq ft and 4,250 sq ft.

The price of the condominiums starts from RM499,000 onwards, while the resort villas are tagged between RM1.8mil and RM2.3mil.

Group director Ron Loh said the selling points included the project’s prestigious Batu Ferringhi address, the green landscape and the ocean-fronting hillside setting.

He said about 30% of earthwork had been completed, and foundation works were sche-duled to start before mid next month.

“We are targeting for completion in three years,” he added.

The Aston Villa, located on a 16-acre freehold site in Bukit Mertajam, comprised 87 units of terraced and semi-detached houses and 12 units of four-storey commercial lots.

“The landed homes, with built-up areas ran-ging between 3,100 sq ft and 4,200 sq ft, are priced between RM473,000 and RM693,800, while the commercial lots, with a built-up area of 4,580 sq ft, are sold from RM1mil onwards,” he said.

The selling point of the Aston Villa project was its strategic location in the heart Bukit Mertajam town, he added.

“There are banks and a shopping mall literally at your doorstep,” he said, adding that the project was scheduled for completion in two and a half years.

Besides the 10 Island Resort and Aston Villa, Ivory Properties will also exhibit the remaining units of its property from older projects such as the Birch Regency in Times Square which is 90% sold, and Moonlight Bay in Batu Ferringhi which is 87% sold.

On the property market in Penang, Loh said the market’s environment turned more positive in the second quarter of 2009, following the government’s liberalisation measures as well as the improvement of the global economy.

“Generally, the property industry on Penang island is witnessing a better demand for the middle and higher category residential property.

“The central bank’s move to lower interest rates allows most of the investors to have more disposable income,” he said.

The Star Property Fair 2009, organised by The Star in collaboration with Henry Butcher Malaysia and supported by The Expat Group, will be held at the G Hotel.

A lifestyle section has also been introduced as an extension to the fair at Gurney Plaza where visitors will find various home improvement products.

Limited number of booths at both places are still available. Details, call Bessie Lim 04-6473388 (ext 3418) or Mike Ong (ext 3357).

rizalhakim

September 11th, 2009, 05:09 AM

Ideal spot for condo living

A HIGH-END condominium which is located close to established amenities and facilities is always a draw for potential housebuyers.

This is being offered by Palmex Industries Sdn Bhd through its latest RM175mil Fettes Residen-ces Condominium project in Jalan Tanjung Tokong on Penang island.

Those interested can check out the company’s booth at the Star Property Fair.

The 35-storey block on freehold land consists of 195 luxury condominiums.

http://thestar.com.my/archives/2009/9/11/north/fettes.jpg
An artist's impression of the Fettes Residence Condominium on Jalan Tanjung Tokong.

The company’s general manager Ang Hooi Eow said the project was located within the vicinity of established amenities and facilities at one’s convenience.

“It is just a five-minute drive from Gurney Drive, home to Penang’s most famous glitzy shopping mall Gurney Plaza,” he said in an interview.

Other amenities which are nearby include healthcare services, international school and colleges, modern shopping complexes and sandy beaches.

Priced from RM836,800, each unit has a built-up space of 2,000 sq ft onwards complete with resort-styled recreation and facilities.

The facilities available are swimming pool and children’s pool, gymnasium, snooker room, table tennis room, barbecue centre, basketball court, skate board rink, water feature and fountain, children playground, resting kiosks, leisure walking path and jacuzzi at swimming area.

“Besides, we also have a 22,000 sq ft landscaped area and an interior landscaped garden,” he said, adding that the project was scheduled for completion in June 2011.

Ang said 35% of the units had been sold.

“Those interested in buying the units will receive a special promotion package during the fair.

“They will also benefit from zero bank interest during construction. We expect many enquiries during the fair,” he said.

Ang said each unit was allocated two covered car parks and there would be four high-speed lifts in the block to minimise waiting time.

“Despite all the facilities, the monthly service charge for each unit is only RM400. There are also six penthouses of 4,000 sq ft. Most of the condominium units have sea views.”

The Star Property Fair 2009, organised by The Star in collaboration with Henry Butcher Malaysia and supported by The Expat Group, will feature the creme de la creme of property at the G Hotel. A ‘lifestyle’ section has also been introduced as an extension of the fair at the Gurney Plaza where visitors will find a varied selection of home improvement products and offerings with the aim of converting a property into a dream home.

Bargains galore at fair

THE Star Property Fair in Penang is back again with bargains and deals for those seeking to get the home of their dreams or to furnish their existing property.

The three-day fair at G Hotel (Level 2) and Gurney Plaza’s new wing ground floor concourse area, which starts today, will showcase the latest property complemented by a lifestyle section.

The Star regional manager operations (north) Chung Chok Yin said visitors could expect more higher end property on display.

“We changed the venue of the fair this year from the Penang International Sports Arena with the aim to attract a different target audience.

Exhibitors and their workers setting up their booths at G Hotel for the Property Fair.

“We are having more up market products at prime locations. Considering the pricing of property in Penang now, the deals showcased will be good bargains for potential buyers,” Chung said after visiting the exhibition venue yesterday.

He said the fair aimed to help developers reach out to the more affluent segment of the society.

“We are also targeting the expatriates who are looking for property here,” he added.

The fair will feature more than 70 exhibitors with about 150 booths. The exhibitors include property developers, lifestyle product companies and financial institutions.

Among the developers are Henry Butcher Malaysia (which is also the technical adviser for talks and forums), Ivory Properties Group, SP Setia, IJM Land Bhd, Belleview Group, Mah Sing Group, PJ Development Group and Ideal Properties.

For the lifestyle section, exhibitors include Syn Hoo Lim, Matrix Kitchen, Jia Yee, Pensonic, Solar Tech, Door Decor, B.L.Furnishing Sdn Bhd, Groupe SEB and Home Focus Sdn Bhd.

There will also be an auction for the painting ‘Nostalgic Phenomena’ by artist Koay Soo Kau.

The auction will take place throughout the fair and the reserved price is RM10,000. The proceed will go to the Penang Hospice.

There will also be 25 other paintings on sale from which 30% of the proceeds will be channelled to Penang Hospice.

Visitors to the fair stand a chance to win fabulous prizes from the Surf, Click & Win and Lucky Catch contests.

Organised by Star Publication in collaboration with Henry Butcher and supported by The Expat Group, the Star Property Fair 2009 is open from 10am to 10pm daily over the three days.

Admission is free.

arief_malaysia96

September 11th, 2009, 06:03 AM

PENANG MONORAIL

http://img16.imageshack.us/img16/7756/f01m315531f.jpg

arepull87

September 12th, 2009, 05:57 PM

PENANG MONORAIL

http://img16.imageshack.us/img16/7756/f01m315531f.jpg

haha....this is only a dream...a dream will not be a reality...penangnite can forget penang monorail...it won't happen.....

rizalhakim

September 18th, 2009, 06:47 AM

Pavilon Tower
http://tropicalhill.com.my/index-dynamic.htm

http://farm3.static.flickr.com/2436/3930098523_265d7c7d4b_o.jpg

http://farm3.static.flickr.com/2664/3930098737_c9f64fede4_o.jpg

http://tropicalhill.com.my/images/pavilon/para01.jpg

http://tropicalhill.com.my/images/pavilon/mm01.jpg

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rizalhakim

September 18th, 2009, 06:51 AM

Coming up! Maritime Square by IJM at Jelutong

http://farm3.static.flickr.com/2442/3816681476_5f5b5d4fdc_o.jpg

http://thinkproperty.com.my/realestate/images/stories/Image/ijm%20land%20launching%20maritime%20square.jpg

rizalhakim

October 14th, 2009, 08:41 AM

Kelisa heights

http://www.fullhouse.com.my/images/proj/1188_main.jpg

http://farm3.static.flickr.com/2584/4010188951_5d39540fa6_o.jpg

rizalhakim

October 22nd, 2009, 05:08 AM

'Condo project will go on'
2009/10/22

GEORGE TOWN: Nusmetro Ventures (P) Sdn Bhd, the developer of the RM200 million Oasis condominium project on the Kampung Lorong Buah Pala land, is optimistic that construction will proceed smoothly.

Its executive director, Thomas Chan, said things were expected to be sorted out soon.

The project's fate was briefly put in doubt when Chief Minister Lim Guan Eng reportedly said on Tuesday, the state government would stop it if there were objections to the building of the 24 double-storey terrace houses by landowner, Koperasi Pegawai Kerajaan Negeri Pulau Pinang.

Lim was commenting on the cooperative's decision to hold an extraordinary general meeting (EGM) scheduled for Oct 31 to decide on the double-storey houses.

The idea of building the houses was mooted by the state government in July as compensation to the 24 temporary occupancy licence (TOL) holders in the village located in Bukit Gelugor.

The village was demolished on Sept 14 and to-date, only 13 TOL holders have accepted the house compensation.

Chan said the EGM was only a formality and would not jeopardise the project.

He said the cooperative and its members had nothing to lose by accepting the state government's proposal because Nusmetro Ventures would be paying the cost of the building of the houses.

"We are meeting the state government today to finalise the amendment to the building plans and the former residents' compensation.

"We are also hoping that the Penang Island Municipal Council will speed up the approval of the building plan so we can get things started."

supremecouncil

October 28th, 2009, 10:49 AM

http://img7.imageshack.us/img7/8649/tanjungbunga.jpg (http://img7.imageshack.us/i/tanjungbunga.jpg/)

built_in_me

February 14th, 2010, 01:16 PM

fettes R looks huge like crazy... one of the best places to live in Penang... near to Fatty loh, subaidah , netcity can play DOTA everyday , island plaza, seri tanjung pinang , Gurney drive , pulau tikus, tanjung bungah..

SHAH FIRDAUS

March 6th, 2010, 08:24 AM

SP Setia plans high-end condos in Gurney Drive
By Marina Emmanuel
Published: 2010/03/06

Property developer SP Setia Bhd (8664) is set to make its mark on Penang's popular seafront promenade Gurney Drive, if a plan to buy land in the upmarket neighbourhood goes through.

General Manager S. Rajoo said SP Setia has identified a parcel of land measuring 0.92 hectares in the area, and plans to build 70 units of high-end condominiums.

"We intend to incorporate lots of greenery into the proposed development for the super-condominiums which are set to boast a floor area of 3,000 sq feet," he told Business Times.

Rajoo was speaking during a Chinese New Year celebration hosted by SP Setia in Penang which was attended by the company's president and chief executive officer Tan Sri Liew Kee Sin and chief operating officer Datuk Voon Tin Yow.

The proposed project in Gurney Drive is part of SP Setia's move to expand its landbank by 12ha this year.
Gurney Drive, located in the affluent Pulau Tikus area in George Town, is currently lined with high-end condominiums and is near a sea-fronting shopping mall and a host of eateries.

"We have also identified another 5.6ha land to acquire in the southwest district of Penang island. We intend to develop a gated community comprising detached and semi-detached homes," Rajoo said.

SP Setia is also looking to buy more land in the southwest district for a resort homes development.

"This would be a sizeable piece of land where more bungalows and semi-detached units will be built," he added.

It now has an undeveloped landbank of around 24.4ha on Penang island.

SP Setia still thinks that demand for landed properties is strong despite similar projects being launched by other developers.

"The supply for landed properties is still lacking and we intend to market our homes to foreign investors and locals," he said.

SP Setia's entry into Penang was via its maiden development "Setia Pearl Island" in Sungai Ara near the Penang International Airport.

The project, which is sited on a 45.2ha of land, serves as the company's flagship project in Penang.

From November 2009 until now, the company has sold properties worth RM115 million at Setia Pearl Island.

"Our target is to chalk sales of RM200 million by the end of October," he added.

rizalhakim

June 24th, 2010, 07:22 AM

The Icon Residence Penang to preview in early 2011
By E Jacqui Chan of theedgeproperty.com
Wednesday, 23 June 2010 19:20

http://www.theedgeproperty.com/images/stories/icon_penang2.jpg

KUALA LUMPUR: Mah Sing Group Bhd will be previewing its new high-end condominium project, The Icon Residence Penang, early next year.

According to the chief operating officer of Mah Sing Group, Teh Heng Chong, the project has an estimated gross development value (GDV) of RM280 million,

The development is located on Pykett Avenue, at the crossroads of Burmah Road and Anson Road in the heart of Georgetown, Penang. Mah Sing acquired the three-acre freehold tract in 2009 for RM39 million.

Based on the preliminary plans, the condominium will offer 290 units, each with sizes from 1,400 sq ft, with indicative pricing from RM770,000 onwards.

“The concept and design is similar to The Icon Residence Mont’Kiara,” said Teh, referring to the condo project in Mont’Kiara, Kuala Lumpur.

A spokesperson said that development was inspired by the architecture of Santorini in the Mediterranean, with each condominium opening out to a view of gardens, a stream and the ocean.

The group has another ongoing project in Penang, the RM1.3 billion Southbay Penang, a mixed development in Batu Maung.

To be developed over a period of seven years, Southbay Penang comprises 376 units of landed residential properties and an integrated commercial hub.

Southbay's designer bungalows, Legenda@Southbay won the Best Architecture-Malaysia award at the Asia Pacific Property Awards 2010 in April, 2010.