PENANG TIMES SQUARE | Penang ( Georgetown ) | U/C

[nazrey]

by nazrimashor

image hosted on flickr

[rizalhakim]

Birch Regency @ Penang Times Square



Birch Regency Condominium at Penang Times Square is poised to become the new urban centre for Penang's residents. The mixed development will become the cornerstone of its efforts to venture into the tourism-related commercial property development market. The entire Penang Times Square, includes 800 units of residential units, commercial spaces, exhibition centre, hotel and office blocks, and a two-acre urban open square modelled after the vibrant and activity-filled European town squares.

Perfectly located along Jalan Dato Keramat, with Jalan Kampung Jawa Baru as the future link to Jelutong Expressway, Birch Regency at Penang Times Square has one of the most exclusive addresses in the heart of Georgetown. Being an address of one of the future monorail station, it will be just as accessible either by road or rail in the near future. This inevitably makes Birch Regency Condominium the perfect location in Georgetown's city centre.

Location : Georgetown
Type : Condominium
Tenure : Freehold
Completion : Scheduled to complete 2009
No. of Blocks : 1
No. of Storeys : 21
Total Units : 340 Typical units and 18 Penthouse units
Units per Floor : 18
Built-up Area : approx. 950 - 1,180 sq.ft.
Developer : Ivory Properties Group

Facilities
Swimming Pool, Children’s Pool, Outdoor Jacuzzi with Bubble Jets, Children’s Playground, Jogging Track, Barbeque Pits with Washing Area, Foot Reflexology Path, Landscaped Garden with Water Features, Clubhouse, Multi-pupose Hall, Gymnasium, Games Room, Management Office, Sauna Rooms, Male and Female Changing Rooms, 1 car park lot with every unit.

[rizalhakim]

Ivory earmarks RM70m to revive Fettes Villa project
By Marina Emmanuel Published: 2008/02/02


Ivory Properties, the developer of the RM1 billion Penang Times Square, is now working on the concept of the project which has a gross development value of RM247 million


PENANG-based Ivory Properties Group - which is eyeing a listing on Bursa Malaysia's main board by the end of this year - is targetting to revive the abandoned "Fettes Villa" project on the island in three years.

The company's managing director Datuk Low Eng Hock yesterday said the company has earmarked between RM60 million and RM70 million to revive the project, although this does not include construction costs.

"We are now working on the project concept and only then will be able to finalise construction costs," he said.

He was speaking to reporters after a signing ceremony between Ivory's subsidiary, Ivory Villas Sdn Bhd; Malaysia Building Society Bhd (MBSB), the project's financier; and Gewaris Sdn Bhd (the project's former developer which is in liquidation).

Present were Chief Minister Tan Sri Dr Koh Tsu Koon, MBSB chairman Tan Sri Abdul Halim Ali and Ivory's executive director Datuk Nazir Ariff Mushir Ariff.

With a gross development value of RM247 million, Nazir said the project will comprise three 38-storey towers and 30 commercial lots on 5.4ha of land.

The project, which started in 1995 and scheduled for completion in 1997, was stalled in 1996 and affected 582 buyers.

It comprised about 900 condominium units, low-medium cost (LMC) apartments and 20 shoplots.

However, only about 210 condominium units and 358 LMC apartment units were sold while all the shoplots have been sold out.

The LMC and shophouse units are about 10 per cent completed while work on the condominium units has yet to start.

Ivory Properties is the developer of the RM1 billion Penang Times Square integrated development in the heart of George Town.

Nazir said the proposed project for which its first and second phases are expected to be completed by the end of 2008 and 2009 respectively, will include among others, a five-star hotel, retail shoplots and monorail connectivity.

"We are eyeing a ready catchment market of 446,000 people within George Town and 1.39 million within Penang," he added.

[SansFrontieres]

Great!! But... where is this Fettes Villa?

[nazrey]

by mattviews

image hosted on flickr


image hosted on flickr

[protoedenXD]

update

[proud_penangite]

how many square feet huh this mall?
does anyone knows?

[globocentric]

Originally Posted by rizalhakim

Ivory earmarks RM70m to revive Fettes Villa project
By Marina Emmanuel Published: 2008/02/02


Ivory Properties, the developer of the RM1 billion Penang Times Square, is now working on the concept of the project which has a gross development value of RM247 million


PENANG-based Ivory Properties Group - which is eyeing a listing on Bursa Malaysia's main board by the end of this year - is targetting to revive the abandoned "Fettes Villa" project on the island in three years.

The company's managing director Datuk Low Eng Hock yesterday said the company has earmarked between RM60 million and RM70 million to revive the project, although this does not include construction costs.

"We are now working on the project concept and only then will be able to finalise construction costs," he said.

He was speaking to reporters after a signing ceremony between Ivory's subsidiary, Ivory Villas Sdn Bhd; Malaysia Building Society Bhd (MBSB), the project's financier; and Gewaris Sdn Bhd (the project's former developer which is in liquidation).

Present were Chief Minister Tan Sri Dr Koh Tsu Koon, MBSB chairman Tan Sri Abdul Halim Ali and Ivory's executive director Datuk Nazir Ariff Mushir Ariff.

With a gross development value of RM247 million, Nazir said the project will comprise three 38-storey towers and 30 commercial lots on 5.4ha of land.

The project, which started in 1995 and scheduled for completion in 1997, was stalled in 1996 and affected 582 buyers.

It comprised about 900 condominium units, low-medium cost (LMC) apartments and 20 shoplots.

However, only about 210 condominium units and 358 LMC apartment units were sold while all the shoplots have been sold out.

The LMC and shophouse units are about 10 per cent completed while work on the condominium units has yet to start.

Ivory Properties is the developer of the RM1 billion Penang Times Square integrated development in the heart of George Town.

Nazir said the proposed project for which its first and second phases are expected to be completed by the end of 2008 and 2009 respectively, will include among others, a five-star hotel, retail shoplots and monorail connectivity.

"We are eyeing a ready catchment market of 446,000 people within George Town and 1.39 million within Penang," he added.

For those who are interested in subscribing to their Initial Public Offering (IPO), i will advised against it because this company is heavily in debt and they are using the KLSE listing to bail them out. I personally know a contractor who has yet to receive hundreds of thousands in payments after a few years. This company is a scam in various ways and has fabricated many things.

[forever consern]

Penang Times Square is one of the most ambitious project in island itself which everyone is waiting for

[cooltemper]

i will probably buy their share.
They have the same capability like Hunza, and Hunza Proteperty is around RM2.55 now.

[SEED]

yeh rite.. .. .. ..

[forever consern]

but lets hope that Ivory wont disappointed every one in island

[globocentric]

double post

[globocentric]

Originally Posted by forever consern

Penang Times Square is one of the most ambitious project in island itself which everyone is waiting for

Ambitious yes. location attractive :doubtful. Viable no. Someone who has lived in Penang for quite some time will not fancy buying such a high end property in that location. Inner Georgetown has been regarded as a dilipidated slum since the repeal of the rent control act and affluent residents have moved to other areas such as Tanjung Tokong, Gurney Drive or Pulau tikus long time ago. Try walking down that section of Georgetown late at night and see how safe you feel.

[globocentric]

Originally Posted by forever consern

Penang Times Square is one of the most ambitious project in island itself which everyone is waiting for

Ambitious yes so much so until they resorted to lying about their real sale figures. They are still selling The View in Gelugor more than five years after it's completion. Everyone was told that the project was sold out back then. location attractive :doubtful. Viable no. Someone who has lived in Penang for quite some time will not fancy buying such a high end property in that location. Inner Georgetown has been regarded as a dilipidated slum since the repeal of the rent control act and affluent residents have moved to other areas such as Tanjung Tokong, Gurney Drive or Pulau tikus long time ago. Try walking down that section of Georgetown late at night and see how safe you feel.

[SEED]

exactly..

[sasaumau]

Originally Posted by forever consern

Penang Times Square is one of the most ambitious project in island itself which everyone is waiting for

There is nothing to wait in penang.

[forever consern]

new things coming out always attract people la....

[wdg]

Originally Posted by rizalhakim

Birch Regency @ Penang Times Square



Birch Regency Condominium at Penang Times Square is poised to become the new urban centre for Penang's residents. The mixed development will become the cornerstone of its efforts to venture into the tourism-related commercial property development market. The entire Penang Times Square, includes 800 units of residential units, commercial spaces, exhibition centre, hotel and office blocks, and a two-acre urban open square modelled after the vibrant and activity-filled European town squares.

Perfectly located along Jalan Dato Keramat, with Jalan Kampung Jawa Baru as the future link to Jelutong Expressway, Birch Regency at Penang Times Square has one of the most exclusive addresses in the heart of Georgetown. Being an address of one of the future monorail station, it will be just as accessible either by road or rail in the near future. This inevitably makes Birch Regency Condominium the perfect location in Georgetown's city centre.

Location : Georgetown
Type : Condominium
Tenure : Freehold
Completion : Scheduled to complete 2009
No. of Blocks : 1
No. of Storeys : 21
Total Units : 340 Typical units and 18 Penthouse units
Units per Floor : 18
Built-up Area : approx. 950 - 1,180 sq.ft.
Developer : Ivory Properties Group

Facilities
Swimming Pool, Children’s Pool, Outdoor Jacuzzi with Bubble Jets, Children’s Playground, Jogging Track, Barbeque Pits with Washing Area, Foot Reflexology Path, Landscaped Garden with Water Features, Clubhouse, Multi-pupose Hall, Gymnasium, Games Room, Management Office, Sauna Rooms, Male and Female Changing Rooms, 1 car park lot with every unit.

Has the construction for birch regency started yet?
Completed in 2009...possible?

[globocentric]

Please be noted this project will be subjected to same degree of probe by the current authorties as Gurney Paragon when it comes to irregularties in approval. I have very reliable sources. What do you have to say about a company that supports the previous administration so explicitly? They will be paying a hefty price for their extrme foolishness in the immediate future