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Old July 28th, 2009, 11:09 AM   #41
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Quote:
Originally Posted by nazri View Post
by stardex
http://www.flickr.com/photos/stardex/3760196560/

[img]http://www.**************/show/2009/07/28/09/51/4615268_497x368.JPG[/img]
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Old August 2nd, 2009, 07:06 AM   #42
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Quote:
Progressing:
Quote:
Originally Posted by nazrey View Post
by @Dmateur

image hosted on flickr
The old pic show the island and the mainland Peninsula Malaysia
by Clifford JY Loh

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Old August 6th, 2009, 10:03 AM   #43
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IJM Land may raise LIGHT properties’ selling prices
Written by Financial Daily
Thursday, 06 August 2009 12:48

IJM Land Bhd may raise selling prices for PROPERTIES under its RM6.5 billion “LIGHT Waterfront Penang” mixed development against a backdrop of improving consumer sentiment as the job market improves in the island state, said RHB Research.

“This is not a surprise to us given its unique status as one of the rare waterfront developments in Malaysia as well as its strategic location.

“It is positive to the LIGHT project as strong sales recorded will boost investors’ confidence on the whole project and eventually increase the company’s bargaining power (and hence, the gross development value for the project),” it wrote in a note yesterday.

The LIGHT Waterfront Penang is located on a 60.8ha site near the Penang Bridge within the eastern coastline enclave of Penang island. According to IJM Land’s website, the project comprises three phases which include residential and office units, besides retail and hotel components.

Phase one, an entirely-residential initiative comprises “The Light Linear”, “The Light Point” and “The Light Collection”.

According to RHB, by virtue of the strong sales seen in The Light Linear, IJM Land may increase the initial selling price for The Light Point condominiums by up to 20% to some RM600 per sq ft from RM500 per sq ft. These high-rise units have built-up areas of between 1,800 sq ft and 4,000 sq ft.

“However, we reckon that the selling price could potentially hit RM700 per sq ft given that E&O Property Development Bhd’s Seri Tanjung Pinang serviced suites are currently selling at about RM780 per sq ft ,” said RHB which kept its earnings estimates for IJM Land in financial years ending March 2010 till 2012, pending further details on the final selling price for properties under the project.

The research house’s fair value of RM2.10, and outperform rating for the stock were also unchanged.

IJM Land shares fell three sen to close at RM1.68 yesterday.
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Old August 10th, 2009, 12:12 AM   #44
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THE LIGHT Potential
Official Website
UP HIGH, LOOKING DOWN ON AN AERIAL PANORAMA OF LIGHTS OVER SOUTH EAST ASIA, PENANG STANDS OUT AS A LIGHT-ENCRUSTED DESTINATION.

Equally luminous in light density are the cities of Bangkok, Hong Kong, Kuala Lumpur, Jakarta and Manila.

These lights represent the density of urban activity, population and habitats. They identify urban cities of South-East Asia and their marketplaces.

These lights are the centres of wealth, business, culture, education and trade. It is here that urban dynamism pulsates and economic activity is unstoppable : with trade in commodities, manufactured goods, hospitality, services, entertainment finding their ultimate patrons and purchasers.

For THE LIGHT Waterfront Penang, this means that the potential to tap on a regional catchment of urbanites willing to subscribe to the lifestyle that our world-class landmark can offer, is one that is hugely promising.
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Old August 10th, 2009, 08:04 AM   #45
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RE : PENANG | The Light Waterfront Development News

George Town, the capital (if there is such a thing) of the State of Penang, Malaysia, was granted city status in 1957 by Queen Elizabeth II. When the two municipalities, the City Council of George Town and the Rural District Council were amalgamated into the Penang Island Municipal Council, what happened - no more city status, no more mayor, perhaps no more George Town even? But this is the best project for Penang.
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Old August 10th, 2009, 08:54 AM   #46
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Quote:
Originally Posted by KalisPeter View Post
what happened - no more city status, no more mayor, perhaps no more George Town even? But this is the best project for Penang.
What are you talking about????
>> http://www.skyscrapercity.com/showthread.php?t=511881
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Old August 11th, 2009, 09:39 AM   #47
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what is that ___________ crapping and blabbering about....haha..... get some good sleep....
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Old August 11th, 2009, 09:48 AM   #48
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...
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Last edited by nazrey; August 25th, 2009 at 11:16 PM.
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Old August 25th, 2009, 11:15 PM   #49
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IJM Land to launch properties worth RM1bil
Tuesday August 25, 2009

PETALING JAYA: IJM Land Bhd, the listed subsidiary of construction firm IJM Corp Bhd, plans to launch over RM1bil worth of properties in the financial year ending March 31, 2010 (FY10).

So far, according to managing director Datuk Soam Heng Choon, major launches include The Light Linear in Penang with a gross development value (GDV) of RM200mil, Nusa Duta in Johor with a GDV of RM78mil and existing phases of Seremban 2 with a GDV of RM32mil.

He said the company would launch more than 20 projects in FY10. Last year the company launched RM600mil worth of properties.

eanwhile, IJM Land chairman Datuk Krishnan Tan said recent launches especially in Penang had been very well received by the market. “We’re looking forward to better times in line with market sentiments,” he told reporters after the company AGM yesterday.

However, Tan cautioned that these launches, which would involve the company’s existing and new projects throughout the country, would very much depend on economic conditions. “The realistic approach is to see how fast you can run in the time given and at the same time have a clear view of the horizon,” he said on how the company would weather another economic contraction.

Tan said the major obstacle was if consumer sentiment fell should the jobless rate in the country rise on a less rosy economic outlook. “Let’s hope there’s no double dip,” he said referring to the country’s economic performance.

Tan said conditions going forward were bright with ample liquidity and lower interest rates while expectations of increasing property costs brought on by higher building material and land prices would also spur the market.

On overseas projects, he said IJM Land would spearhead future projects of the group. Tan, who is also chief executive officer and managing director of IJM Corp, said over time IJM Land will take over projects now under the IJM Corp umbrella.

He said there were plans to revive Talam Corp Bhd’s Changchun, China mixed development project, in which IJM Land has a 50% interest, with a launch slated for next year. The project is located in China’s automotive city and has an estimated GDV of RM500mil.

IJM Corp has a 25% stake in Kumpulan Europlus Bhd, the holding company of Talam. Tan said IJM Land was still scouting suitable sites for a project in Vietnam with Ho Chi Minh City as the most viable location.

He said the company had an undeveloped landbank of 5,300 acres with a potential GDV of RM18bil over a 15-year period.
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Old August 30th, 2009, 10:34 AM   #50
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Thankiossk Cool!Thankiossk Cool!
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Old August 31st, 2009, 11:22 PM   #51
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Quote:
Originally Posted by nazrey View Post
The Light Collection 1



The Light Collection 2



The Light Collection 3



The Light Collection 4

PHASE ONE
RESIDENTIAL
• THE LIGHT LINEAR
• THE LIGHT POINT
• THE LIGHT COLLECTION

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Old September 6th, 2009, 08:40 PM   #52
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Quote:
Progressing:
From google

[IMG]http://www.**************/show/2009/09/06/07/35/4985246_604x403.jpg[/IMG]
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Old September 7th, 2009, 07:47 PM   #53
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Quote:
Originally Posted by nazrey View Post
PHASE ONE



RESIDENTIAL
• THE LIGHT LINEAR
• THE LIGHT POINT
• THE LIGHT COLLECTION

PHASE I | RESIDENTIAL
http://www.thelightwaterfront.com/

THE LIGHT exclusive residences are made up of six parcels of high-end waterfront residential development. These 1177 units of residences will emcompass:

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Old September 10th, 2009, 10:19 PM   #54
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Clear signs of recovery in property: HwangDBS
Published: 2009/09/10

HwangDBS Vickers Research Sdn Bhd said there are clear signs of recovery in the property sector extending to the high-end luxury segment.

These are seen in the take-up rate for The Binjai on the Park condominium project at the Kuala Lumpur City Centre, which has picked up from 10 per cent in July 2009 to 35 per cent out of its 171 units.

"Compared with the initial launch in August last year that coincided with the onset of the global financial meltdown, the average sale price (of The Binjai) has been reduced from RM2,800 per sq ft to RM2,400 per sq ft for units measuring 3,200-3,700 sq ft, while the smaller units (2,200 sq ft) were released at RM1,700 per sq ft," HwangDBS Vickers said in a report yesterday.

However, the average sale price of The Binjai is set to rise after its take-up rate exceeds 40 per cent. The project is expected to be handed over by December this year.

"This is positive for (property) developers with ready-to-launch products to capitalise on this early recovery," said HwangDBS Vickers, naming DNP Holdings Bhd, Eastern & Oriental Bhd (E&O) and SP Setia Bhd as its top stock picks.

In a separate report dated September 4, HwangDBS Vickers also revealed that the Penang property market is heating up.

"Recent launches were well received with new price benchmarks being set - catching up closely to Kuala Lumpur's," it said.

These included E&O's Seri Tanjung Pinang link houses, SP Setia's Reflections condominiums at Setia Pearl Island and IJM Land Bhd's Light Linear condominiums.

"Developers are also looking to gradually pull-back incentives and raise selling prices. Buyers are mainly locals and Penangnites working outstation or overseas," it added.

HwangDBS Vickers said despite the current financial crisis, land prices in Penang have remained "sticky" and huge contiguous parcels are hard to come by.

"Therefore, developers with large prime landbank will hold an upper hand in riding on the strong demand for Penang properties," it said.

E&O is the largest landowner on Penang Island with a total of 1,123 acres, including reclamation rights to 740-acres Seri Tanjung Pinang Phase 2 and 365 acres at Gertak Sanggul.
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Old September 12th, 2009, 03:31 PM   #55
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KL builders upbeat on Penang property market
By DAVID TAN | Sep 12, 2009

GEORGE TOWN: Kuala Lumpur-based developers expect Penang’s property market to further improve next year, with their projects in the state to contribute significantly to revenues.

IJM Land Bhd managing director Datuk Soam Heng Choon said although the country was technically in a recession, “the worst is over.”

“We are now in the initial stages of a recovery, as there are signs of improvement.

“The contributions from Penang will be important, forming more than a third of the group’s revenue for the 2010 fiscal year,” he said.

IJM Land’s new launches in Penang include the RM108mil mixed development maritime project, The Light (comprising The Light Linear, The Light Point and The Light Collections schemes) located on a 16.8ha freehold site off the Jelutong Expressway.

Next fiscal year, the contribution from Penang should be more than a third of the group’s revenue, Soam said, adding that the remainder should come from its projects in the Klang Valley.

For the first quarter ended June 30, IJM’s Penang projects contributed about 25% to 30% of the group’s revenue of RM284mil.

“The key drivers of property growth for 2010 should still be low interest rates, stability in employment, and demand from a younger generation who still require housing,” Soam told StarBizWeek after the Star Property Fair Roundtable discussion recently.

The other panellists were state executive councillor Chow Kon Yeow, Finance Ministry’s valuation and property services department director Lau Wai Seang, Eupe Corp Bhd managing director Beh Huck Lee, SP Setia Bhd general manager (North) S. Rajoo, Real Estate Housing and Developers’ Association Penang chairman Datuk Jerry Chan, Henry Butcher (Malaysia) Penang director Dr Teoh Poh Huat, Socio-Economic & Environmental Research Institute research fellow Dr Goh Ban Lee and Blossom Time director Kan Weng Hin.

Rajoo said SP Setia was also positive about next year’s property market.

“Our projects in Penang should bring in RM200mil next year. So far this year, the contribution from Penang’s projects is about RM170mil.

“We should be able to do about RM180mil by Oct 31, when our fiscal year closes,” he said.

In FY08, SP Setia’s projects in Penang contributed about RM130mil to its RM1.4bil revenue, with the balance coming from its Klang Valley and Johor Baru projects.
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Old September 14th, 2009, 04:01 AM   #56
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Niiiiiice!
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Old October 7th, 2009, 04:06 AM   #57
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The Greening Mission
A BIRD'S EYE VIEW OF TURTLE-SHAPED PENANG ISLAND REVEALS THE CONTRASTING BEAUTY OF PENANG'S ECO-BIODIVERSITY.

Along the north coastline, palm-fringed, white sand beaches prevail. In the island's centre, forested areas contain natural lakes waterfalls, age-old trees, rare tropical plants and shrubs.

THE LIGHT will respect these indigenious environmental elements which have contributed in no small part to the Penang essence or Penang air which locals and foreign visitors love, seek and enjoy.

Along the eastern coastline where our project, THE LIGHT, is located, the land is swampy. New trees will be planted and ample greenery will be integrated into the design to create green zones enhancing part of the entire experience of visiting this site.

This initiative is in line with IJM Corporation Berhad's commitment towards greening the environment.
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Old October 17th, 2009, 01:10 AM   #58
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UPDATE:

Quote:
Originally Posted by ps5 View Post

image hosted on flickr
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Old November 4th, 2009, 05:09 PM   #59
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Quote:
Originally Posted by rizalhakim View Post

The new commercial area (NEW RENDERING)
taken from
www.surbana.com

[IMG]http://www.**************/show/2009/11/02/10/59/5737733_909x476.JPG[/IMG]

[IMG]http://www.**************/show/2009/11/02/11/00/5737739_600x456.JPG[/IMG]

[IMG]http://www.**************/show/2009/11/02/11/00/5737740_601x459.JPG[/IMG]

[IMG]http://www.**************/show/2009/11/02/11/00/5737741_601x462.JPG[/IMG]
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Old November 12th, 2009, 01:13 PM   #60
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www.surbana.com

image hosted on flickr


image hosted on flickr
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