PENANG | Projects & Construction

[nazrey]

Kumpulan Jetson in JV to build 33 condominiums in Penang
Published: Tuesday July 3, 2012 MYT 6:13:00 PM
http://biz.thestar.com.my/news/story...1&sec=business

KUALA LUMPUR: Kumpulan Jetson Bhd is teaming up with Fortress Effect Sdn Bhd to undertake a luxury residential development project in Penang, comprising of 33 high-rise condominiums.

Kumpulan Jetson said on Tuesday Fortress Effect was nominated by China's Everbright International Construction Engineering Corporation to be the co-developer in the project.

Everbright's unit Everbright International Engineering Sdn Bhd will take part in the project on a joint venture basis.

Kumpulan Jetson's entitlement under the proposed joint development would be 30% of the gross development value and Fortress Effect's entitlement 70% of the GDV.

The parties agreed that Everbright International Engineering would be appointed the designated contractor to undertake the construction and completion of the project.

[MrProperty.me]

Darra Condominium

- by UDA Land


Property Project: Darra
Location: Tanjung Tokong, Penang
Property Type: Condominium
Land Tenure: Leasehold
No. of Blocks: 4
Built-up Area: From 1,400 – 1,800 sqft

[nazrey]

Originally Posted by nazrey

Gurney Paragon
image hosted on flickr

>>>

Originally Posted by dh maju dh

gurney paragon

Originally Posted by dh maju dh

GURNEY PARAGON
From george town fb

[nazrey]

The Light



image hosted on flickr

Untitled by Sue Bahrin, on Flickr

[MrProperty.me]

Sandilands, Jelutong







Property Project: Sandilands
Location: Jelutong, Penang
Property Type: Condominium, Commercial

[nazrey]

Originally Posted by nazrey

image hosted on flickr

Penang by msa0011ex, on Flickr

Originally Posted by nazrey

image hosted on flickr

Penang by besopha, on Flickr

From silverian86

[nazrey]

Originally Posted by nazrey

Gurney Paragon




http://www.facebook.com/photo.php?fb...0687452&type=1

image hosted on flickr

Penang by henryviet846, on Flickr

[nazrey]

SERI TANJUNG PINANG
image hosted on flickr

STREETWARE AAaw AA Alumni Workshop Malaysia_ Genericness (34) by Jorge Ayala | Ay_A Studio, on Flickr

[nazrey]

image hosted on flickr

http://www.flickr.com/photos/72012263@N05/7155704221/

[MrProperty.me]

S.P. Chelliah, Georgetown, Penang

[nazrey]

Pearl Regency Luxury Condominium
http://www.ijmland.com/property_deta...s.aspx?pID=131

[nazrey]

Originally Posted by Joo Weisey

[MrProperty.me]

Jambul Heights, Bukit Jambul, Penang

[nazrey]

Island Resort @ Batu Ferringhi

Originally Posted by Joo Weisey

Island Resort @ Batu Ferringhi

[nazrey]

Ocean View Residences

[Dean_14]

penang have many high end condo projects
how i wish JB also have..

[built_in_me]

jb no self potential... they are totally dependant on people who are trying to use jb just to save money... it took them many decades to build their first high end highrise condo oakwood res.... now maybe tropez res.... if everything is harnessed well decently... this trend will go on.. if not it will stop... and more and more abandoned projects will come like waterfront..etc...

[nazrey]

Gurney Drive
image hosted on flickr

Pearl of the Orient by Nura Ahmad, on Flickr

[nazrey]

SP Setia plots RM154m landed homes in Balik Pulau
By MARINA EMMANUEL Published: 2012/08/18
http://www.btimes.com.my/Current_New...cle/index_html



SP Setia is looking to price the terraced units at between RM600,000 and RM700,000 each

GEORGE TOWN: Property developer SP Setia Bhd is looking to launch landed properties within a gated community in the once-sleepy hollow of Balik Pulau next year.

The residential project, which is expected to carry a development value of RM154 million, will comprise 250 units of semi-detached, super-link and terraced double-storey homes over 8ha in Bukit Genting.

"We are looking to price the terraced units at between RM600,000 and RM700,000 each," said SP Setia Property (North) general manager Khoo Teck Chong.

He said the project will be completed 36 months from its date of launch.


"We are currrently in the midst of obtaining the approvals," he said, adding that the proposed development will also incorporate affordable housing units.

Khoo said the yet-to-be-named Balik Pulau housing project is one of several projects that SP Setia will be launching during its 2013 fiscal year, which ends Oct 31.

Others projects include the QBees high-rise condominium project at Teluk Kumbar on Penang island.

The project, comprising 98 condominium units, will be sited on a 1.2ha plot and carry a gross development value of RM50 million.
Also on the cards is the potential launch of a portion of a 14ha plot in Tanjung Bungah.

"This project will likely involve landed and high-rise properties," Khoo said.

On the status of SP Setia's upmarket "V Residence" condominiums on the sea-fronting Gurney Drive, he said about 40 per cent of the 106 units in the first tower have been sold.
The project, which boasts a dual frontage of the promenade and Jalan Kelawai in Pulau Tikus, is sprawled over 0.9ha and comprises two towers - 48-storey and a 43-storey, respectively.

Dubbed "bungalows in the sky", each unit comes with a dipping pool and a host of other luxurious amenities in what the developer has termed the tallest residential development in Penang.

"We are targetting to launch projects with a total development value of RM1 billion in 2013 and looking at potential sales of RM500 million."

He also said the company is on track to chalk RM400 million in sales in the northern region this year.

[World 2 World]