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Old February 10th, 2008, 07:13 AM   #121
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PENANG TIMES SQUARE and EAST WEST TOWER & MALL



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Old February 10th, 2008, 09:30 AM   #122
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wow penang is booming! i love the rendering for the penang times square when expecting completion
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Old February 12th, 2008, 02:58 PM   #123
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Penang island draws luxury home builders
Monday February 11, 2008
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.







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.
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Old February 12th, 2008, 04:28 PM   #124
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Springtide Residences
Tanjung Bungah

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Springtide Residences

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by [email protected] com

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by Pablo

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by Garbage Kingdom

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Old February 16th, 2008, 06:31 AM   #125
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INFINITY
Tanjung Bungah



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Old February 16th, 2008, 06:37 AM   #126
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Gurney Paragon
Gurney Drive





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Gurney Paragon Construction Site
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Old February 16th, 2008, 06:42 AM   #127
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COMPLETED
11 Gurney

Gurney Drive

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Old February 16th, 2008, 06:48 AM   #128
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SKY HOME



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Skyhome Super Condominium

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Old February 21st, 2008, 05:03 PM   #129
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Penang agency to build RM100m office tower
February 18th

Besides Citigroup, the Penang Development Corp is wooing other Fortune 500 companies to open their offices at the 16-storey office tower in Bayan Mutiara

PENANG Development Corp (PDC), the state's development arm, plans to build a RM100 million office tower in Bayan Mutiara on the island, which is set to be its flagship commercial building.

It is also in talks with Citigroup to make the US bank the anchor tenant of the 16-storey building. PDC is also wooing other Fortune 500 companies to open their offices there.

"PDC has made its presentations and submitted proposals to Citigroup, and the latter is said to be deliberating the matter at its head office in the US.

"The corporation is also eyeing other top global names to invest there," an industry source said.

Bayan Mutiara is an integrated project on 40ha of seafront land.

It is also located within the Penang Multimedia Super Corridor Cybercity.

The project will comprise high-end and affordable homes, schools, mosque and government administrative complex, including the state legislative assembly building.

The project will encompass four precincts. The state administrative complex will also house elected representatives' offices and the office of the Chief Minister.

Sources said the new office complex will take up 1.2ha. PDC intends to build and then rent the offices to software companies and other international firms.

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

The Marine Police Department has bought 4ha.

The corporation, through its property arm PDC Properties Sdn Bhd, has started building landed residential properties and selling them.

It will launch its condominium project soon.
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Old March 2nd, 2008, 12:21 PM   #130
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Quote:
Originally Posted by haze View Post
New project
by pen



DESIGN PHILOSOPHY


EXHIBITION

Penang Tech Museum

WORK
Self-Contained ICT Business Hub
MSC Status Building with Future-Proof Technology
Administrative Capital of E-Community
World Class Business Venue with Accommodation
Incubation Center & Data Center

SHOP

Outdoor Shopping promenade & Concept Stores

DINE

Business Class Fines Dining Restaurants

HOMES

Hi-Tech Homes with Intelligent Home System

ENTERTAINMENT

Cyber Gaming Community Cluster


Location



Source from: http://www.idealhomes.cc/theone.html
KFH to finance The One cyber city
By DAVID TAN



PENANG: Kuwait Finance House (M) Bhd (KFH) is providing finance for Ideal Capital Intelligence Sdn Bhd's RM500mil The One, Penang Cyber City commercial project in Bayan Baru.

Ideal Capital chief executive officer Datuk Alex Ooi said that under an agreement, a RM68mil loan – in the form of Musharakah and Murabahah financing facilities – would allow KFH to participate in the project on a profit-sharing basis and provide revolving credit to Ideal Capital.

“We are targeting the sale of 40% of the commercial properties to buyers from Indonesia and Hong Kong.

“The remaining 60% are for domestic purchasers and investors,” Ooi told reporters after the launch of The One by Penang Chief Minister Tan Sri Dr Koh Tsu Koon and signing of the loan facilities yesterday.

"We are targeting the sale of 40% of the properties to buyers from Indonesia and Hong Kong" DATUK ALEX OOI
The One, located on a 5.2ha leasehold site, comprises smart serviced suites, corporate office suites, corporate retail units, terraced shophouses and bungalows.

Besides commercial properties, The One would also house Malaysia's first technology museum.

Some 57 bungalows and terraced shophouses, priced between RM281,000 and RM2mil, were launched recently, Ooi said, adding that over 80% of them had been sold.

Meanwhile, Ooi, who is also Indian Corridor Sdn Bhd chief executive officer, said he had secured a US$100mil loan from a Middle Eastern financial institution to finance the RM3.2bil Royal Garden property development project in Shanghai.

“The financing would also enable the repayment of outstanding loans taken by Golden Plus Holdings Bhd (GPlus) to finance Royal Garden,” he said.

Indian Corridor is a substantial shareholder in GPlus.
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Old March 6th, 2008, 04:16 PM   #131
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The Light Waterfront
Penang







From Malaysian Forum



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Old March 10th, 2008, 04:57 PM   #132
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Springtide Residences



SKY HOME



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Old March 18th, 2008, 05:56 PM   #133
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Completed
The Cove

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Old March 20th, 2008, 04:16 PM   #134
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The Spring



by WhyS





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Old March 20th, 2008, 04:57 PM   #135
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Office Tower
THE C.E.O




A smart building featuring smart office suites with full clubhouse facilities and business centre services.

Location : Bukit Jambul, Penang
Developer : Penang Development Corporation Bhd.
Content : Commercial Low Energy Office,Full-Fledged facilities corporate tower, smart office home offices
Development Stage : Site Mobilization
Product Keywords : smart office, business, business centre services

by busybody





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Old March 26th, 2008, 05:13 PM   #136
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Springtide Residences



by wanhashim

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Old March 29th, 2008, 02:09 AM   #137
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Completed
The Cove

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wow....wonderful...looks like one block of huge stunnig super duper condo....thanx....
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Old April 5th, 2008, 08:32 AM   #138
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Springtide Residences

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Springtide Residences, Tanjung Tokong

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Old April 5th, 2008, 02:18 PM   #139
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Springtide Residences

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Old April 6th, 2008, 09:37 AM   #140
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The Spring



by WhyS



Nautilus Bay and The Spring




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