PENANG CONSTRUCTION PROJECTS | General Thread

[rizalhakim]

Originally Posted by penangpropertytalk

Sierra East Condo @ Bukit Jambul



Sierra East Condo, a freehold development located within the established township of Bukit Jambul. Comprises two tower residential block with a total of more than 400 condominium units. It is few minutes driving distance from Bayan Baru and Free Trade Zones and 10 minutes to Penang Bridge.

Property Project : Sierra East Condo
Location : Bukit Jambul, Penang
Property Type : Condominium
Tenure : Freehold
Built-up Area : 1,200 sq.ft. – 1,400 sq.ft.
Total Units : >400
Indicative Price: RM 500,000 onwards
Developer : Chong Company

Originally Posted by penangpropertytalk

The Turf



The Turf, a freehold development by Chong Company facing Penang Turf Club. Comprises single tower residential block with a total of 156 condominium units. Built-up area ranging from 1,300 sq.ft. onwards for a typical unit and 6,700 sq.ft. for the penthouse.

Property Project : The Turf
Location : Penang Turf Club, Penang
Property Type : Condominium
Tenure : Freehold
Built-up Area : 1,300 sq.ft. – 2,700 sq.ft. (Typical Unit), 6,700 sq.ft. (Penthouse)
Total Units : 156
Indicative Price: RM 800,000 onwards
Developer : Chong Company

[KNR]

Originally Posted by UjaiDidida

Grab the BB code, not the link

image hosted on flickr

St Giles Hotel-33fl-JlnMagazine-GT-20120228 by KNRkoboi, on Flickr

thanks. i appreciate that.

[dinoleon]

Change topic to Escape theme park.
Just check the website, they have updated it, and phase 1 is expected to open to public by Q3 this year.

http://escape.my/attractions/map.html

[rizalhakim]

Originally Posted by dinoleon

Change topic to Escape theme park.
Just check the website, they have updated it, and phase 1 is expected to open to public by Q3 this year.

http://escape.my/attractions/map.html

Escape Theme Park Teluk Bahang Penang

pics - FB https://www.facebook.com/media/set/?...cape.my/photos

[Brown_Eastern]

‘Mafia developers’ control Penang

(Free Malaysia Today) - A consumer association leader has claimed that “mafia developers” have usurped Penang to turn the island into an exclusive place for the affluent.

Consumers Association of Subang and Shah Alam (CASSA) president Jacob George said this had triggered an exodus of the lower income people from their home state.

“Secret deals are done not only here but in Singapore and Hong Kong to turn Penang island exclusively for the rich. It’s clear that mafia developers have taken over Penang,” he alleged.

He slammed the Pakatan Rakyat state government for letting this happen unabated.

George blasted Chief Minister Lim Guan Eng for caving in freely to the demands of property developers, who were bent on turning the island into an elitist dwelling.

“The state government is doing nothing about the displacement of communities taking place right under their noses,” he told a press conference here.

He said CASSA received numerous complaints from helpless local residents about the wrongdoings in the state, especially on the island.

He said the association’s ground study revealed that the developers virtually control and dictate all happenings in Penang.

“They even announce policy decisions,” he added.

George pointed to a 2009 news report on a property developer announcing the state government’s decision to raise density for property development.

He was amazed that the state government could allow a developer to usurp its power to make the important announcement.

“It clearly shows developers dictate and manipulate policies in Penang,” he added.

The CASSA president challenged the state government to prove developers’ boast that “higher density would lead to lower property prices.”

He called on Lim’s government to address the pressing issue instead of bragging about rosy statistics to show the state’s high investments and cash reserves.

source

[Vince]

http://www.apartment-penang.com/2011...e-only-to.html

[Brown_Eastern]

In the article that I post I believe the term 'Penang' mean the island...no place for low income people in the island, they will be displaced in the mainland, creating a place only for the rich and elitist...

[buildship]

Originally Posted by Brown_Eastern

In the article that I post I believe the term 'Penang' mean the island...no place for low income people in the island, they will be displaced in the mainland, creating a place only for the rich and elitist...

actually there is. And surprisingly the ML cost apartment left plenty of units unsold due to no demand.

1 thing weird is many people tends to aim for high end properties while financially not capable, it apply to all races here.

[dinoleon]

Originally Posted by Brown_Eastern

In the article that I post I believe the term 'Penang' mean the island...no place for low income people in the island, they will be displaced in the mainland, creating a place only for the rich and elitist...

The article is outright bullshit. There are many existing low cost and medium cost flat already available for people to buy.

Paya Terubong Majestic Heights, 700sqft, selling around 70~80k for 2nd hand.
Farlim 500sqf low cost flat, selling around 60k for 2nd hand.
These 2 areas are easily accessible by Rapid Penang bus with frequent trips.

There are still many more 700sqft medium cost flat in georgetown at 100k~200k for 2nd hand.

It just that, many not-so-rich or middle income doesn't want 700sqft. they want big house with cheap price at best location. Please tell me, can you have chance to buy 700-800sqft apartment at 100k at KLCC area? Damansara area? Jalan Wong Ah Fook (JB)? Even the best HDB scheme in Singapore can't even build 200kSGD flat at Marina Bay.

[buildship]

Originally Posted by dinoleon

The article is outright bullshit. There are many existing low cost and medium cost flat already available for people to buy.

Paya Terubong Majestic Heights, 700sqft, selling around 70~80k for 2nd hand.
Farlim 500sqf low cost flat, selling around 60k for 2nd hand.
These 2 areas are easily accessible by Rapid Penang bus with frequent trips.

There are still many more 700sqft medium cost flat in georgetown at 100k~200k for 2nd hand.

It just that, many not-so-rich or middle income doesn't want 700sqft. they want big house with cheap price at best location. Please tell me, can you have chance to buy 700-800sqft apartment at 100k at KLCC area? Damansara area? Jalan Wong Ah Fook (JB)? Even the best HDB scheme in Singapore can't even build 200kSGD flat at Marina Bay.

yes, this is the actual case in penang, the low medium cost apartment are over supplied. The article is very misleading and i am not sure if the author have hidden agenda since he is not a local.

[bubulaw]

In my opinion, I think the Government should allow peoples from other states to buy the property and not just exclusive only to Penangites since there are still plenty of low medium cost apartment available in Penang. So that we can increase our population cos our population is too low compared to other states

[bubulaw]

Originally Posted by Vince

http://www.apartment-penang.com/2011...e-only-to.html

Give you a big "Like" ! I hope that bandar cassia in Batu Kawan can turn Penang into a metropolis

[DTan1990]

Originally Posted by Brown_Eastern

In the article that I post I believe the term 'Penang' mean the island...no place for low income people in the island, they will be displaced in the mainland, creating a place only for the rich and elitist...

Batu Feringgi/Gurney area already a land for rich people ,it's very ''upper east sider''
I am impress by their ''mastermind''

[buildship]

Originally Posted by DTan1990

Batu Feringgi/Gurney area already a land for rich people ,it's very ''upper east sider''
I am impress by their ''mastermind''

since....?

[Vince]

Originally Posted by Brown_Eastern

In the article that I post I believe the term 'Penang' mean the island...no place for low income people in the island, they will be displaced in the mainland, creating a place only for the rich and elitist...

Around the world, the most expensive cities to live also attract the best brains from all across the globe to live and work there, making those cities even better. There are increasingly more opportunities for locals in Penang to obtain jobs that would pay them to afford the lifestyles there. But if you are a bum and prefer not to work and rely on handouts, then of course you have to move somewhere else to live. The Penang government is doing a lot more for low-income people than any other state governments in this country. Name one state where the government keeps building low income housing? Even if that were true, then that state will never take off because the people there are always poor.

[SgWay]

Originally Posted by Vince

Around the world, the most expensive cities to live also attract the best brains from all across the globe to live and work there, making those cities even better. There are increasingly more opportunities for locals in Penang to obtain jobs that would pay them to afford the lifestyles there. But if you are a bum and prefer not to work and rely on handouts, then of course you have to move somewhere else to live. The Penang government is doing a lot more for low-income people than any other state governments in this country. Name one state where the government keeps building low income housing? Even if that were true, then that state will never take off because the people there are always poor.

1.Cities that are expensive thrive because the income of their locals can adapt to the lifestyle.Malaysian average income even for professional cannot afford the near million RM apartments condo in Penang which suffering from property bubble. Wonder why Penang cindos are empty? It is being snapped up by foreigners as investment rather than being populated by so called smart people. How many smart and rich people in Penang's paltry 1.2 million people? Like any satistical bell curve, you will realize 80-90% of a population will be middle or lower.Cities like KL can afford to build super condos because they have more rich people in a pool of 7 million in Klang Valley.
2.Penang GDP share of the nation is only 8% and constant since 10 years ago? Why? Because it means other states regardless the political affiliation also grew at the same pace as Penang. How can a state with only 8% of GDP share provide high yielding jobs? You have alot of factory jobs in Penang but the base salary is low even for engineers.How can engineers paid RM2.5k-3k afford RM300-1 million condos or apartments?
3.To say that low cost homes are for the poor and not to be built off the island is simply simplistic, have you actually travelled to other cities besides Singapore? Cities like Zurich and Melbourne have low cost homes that are near the CBD or city centres,why? Because the government aim is to transfer asset to the low income and put them near where there are economic opportunities,they may not be accpuntant or bankers but these people are near jobs and share the same amenities as the rich, people are constantly poor because they have no asset and few access to the same amentities as the rich, low cost homes are built are sold to low income people so that they have an asset that can be passed down to the next generation because povert is an intergeneration issue.Cities like Zurich and Melbourne understand that most of its citizens are normal people and built affordable homes to accommodate everyone rather than the super rich and Zurich have a largely middle income population in its CBD.Improving the livelihood of citizens more than just giving handout providing factory jobs and building million dollar condos, government have to proactively transfer wealth to the low inciome via taxes, education for social mobility and as simple as a low cost home.
3.The Baru Kawan project only allocate 20% of the units at RM80k and the size is same as DBKL low cost apartments(which cost only RM30-40k per unit for 650 square feet).The other 80% will be more than RM200k.What affordable housing?And they have to give to Singapore's HDB(Saburna) and we hear Singaporeans bitching that they cant afford public flats. This is not transparent, I tot the LGE do through open bidding rather than throw to HDB Singapore who in recent years have not been able to provide affordable housing in Sinapore.
4.States do not build low cost homes directly, but they make it compulsory for developers to allocate 20-30% of the units for affordable housing, a policy that is quite successful in KL where residential areas have mix of high end, middle and low cost dwellings.I am really proud that 10-15 minutes from KL are residential areas mostly for middle income like Wangsa Maju,Setapak,Ampang.Penang have waived such requirement since 2009, so its full throttle profits for the developers and we see middle income people being displace from the island- higher cost of transporttaion, further away from city amenities.
5.So dont think I am anti LGE< but accept Penang state is not a perfect state like your 'build' friends like propagate.

[buildship]

Originally Posted by SgWay

1.Cities that are expensive thrive because the income of their locals can adapt to the lifestyle.Malaysian average income even for professional cannot afford the near million RM apartments condo in Penang which suffering from property bubble. Wonder why Penang cindos are empty? It is being snapped up by foreigners as investment rather than being populated by so called smart people. How many smart and rich people in Penang's paltry 1.2 million people? Like any satistical bell curve, you will realize 80-90% of a population will be middle or lower.Cities like KL can afford to build super condos because they have more rich people in a pool of 7 million in Klang Valley.
2.Penang GDP share of the nation is only 8% and constant since 10 years ago? Why? Because it means other states regardless the political affiliation also grew at the same pace as Penang. How can a state with only 8% of GDP share provide high yielding jobs? You have alot of factory jobs in Penang but the base salary is low even for engineers.How can engineers paid RM2.5k-3k afford RM300-1 million condos or apartments?
3.To say that low cost homes are for the poor and not to be built off the island is simply simplistic, have you actually travelled to other cities besides Singapore? Cities like Zurich and Melbourne have low cost homes that are near the CBD or city centres,why? Because the government aim is to transfer asset to the low income and put them near where there are economic opportunities,they may not be accpuntant or bankers but these people are near jobs and share the same amenities as the rich, people are constantly poor because they have no asset and few access to the same amentities as the rich, low cost homes are built are sold to low income people so that they have an asset that can be passed down to the next generation because povert is an intergeneration issue.Cities like Zurich and Melbourne understand that most of its citizens are normal people and built affordable homes to accommodate everyone rather than the super rich and Zurich have a largely middle income population in its CBD.Improving the livelihood of citizens more than just giving handout providing factory jobs and building million dollar condos, government have to proactively transfer wealth to the low inciome via taxes, education for social mobility and as simple as a low cost home.
3.The Baru Kawan project only allocate 20% of the units at RM80k and the size is same as DBKL low cost apartments(which cost only RM30-40k per unit for 650 square feet).The other 80% will be more than RM200k.What affordable housing?And they have to give to Singapore's HDB(Saburna) and we hear Singaporeans bitching that they cant afford public flats. This is not transparent, I tot the LGE do through open bidding rather than throw to HDB Singapore who in recent years have not been able to provide affordable housing in Sinapore.
4.States do not build low cost homes directly, but they make it compulsory for developers to allocate 20-30% of the units for affordable housing, a policy that is quite successful in KL where residential areas have mix of high end, middle and low cost dwellings.I am really proud that 10-15 minutes from KL are residential areas mostly for middle income like Wangsa Maju,Setapak,Ampang.Penang have waived such requirement since 2009, so its full throttle profits for the developers and we see middle income people being displace from the island- higher cost of transporttaion, further away from city amenities.
5.So dont think I am anti LGE< but accept Penang state is not a perfect state like your 'build' friends like propagate.

1st, i dont think penang facing properties bubble, if yes, definitely will be KL come 1st. however, the market has slow down nationwide.

kL people higher income? No, definitely no, plus its higher living cost and properties cost, KLiens tends to suffer.

Penang properties all costing millions? no. There are plenty of medium low cost apartment left unsold, i.e over supplied (about RM75k++); wonder why most people still targeting condos? Because they aim higher.

And properties price rise all because of foreigners? Definitely not, most of the buyers are malaysian.

[bubulaw]

Gurney Paragon mall latest progress



From Hunza Official Website

[bubulaw]

[DTan1990]

Penang is doing soo good
thanks to LGE ,i'm so proud of myself !