My First Home Convention – 28 May 2016

April 29th, 2016 No comments

First-home-flyer-pptalk2

In collaboration with GM Training Academy, we are co-organizing “My First Home Convention” on 28 May 2016. This event is aimed at giving first time home buyers some guidance and pointers. Hence, the topics will be geared towards buying affordable properties below RM500,000.

Participants will learn about:

  • Steps in buying your first home
  • To buy now or wait?
  • Penang’s masterplan
  • First home projects in Penang
  • How to protect yourself legally?
  • First home financing scheme
  • Steps to get your loan approved
  • Should I buy MRTA or MLTA?

List of Speakers:

  • Miichael Yeoh (CEO, GM Training Academy)
  • Ken Lim (Founder, Penang Property Talk)
  • Oh Aik Kim(Lawyer, Ibrahim & Kim)
  • Elane Goh (CEO, V100 Consultancy Sdn. Bhd.)
  • Mun Goon (Mortgage Expert, GM Training Academy)

The event will be held on 28th May 2016 Saturday at Gurney Hotel from 9 am to 6pm.

REGISTER HERE

Organizer
GM Training Academy
Co-organizer
Penang Property Talk
Media Partner
Property Insight

 

Event Sponsors
asia-green-group
aspen-group
v100
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North Coast Pair Road

April 28th, 2016 1 comment

North-Coast-Pair-Road

The North Coast Pair Road (NCPR) to be undertaken by the Zenith-BUCG, only ends at Jalan Lembah Permai in Tg Bungah from Teluk Bahang, forming only the western section of NCPR. [Refer to the image gallery below]

To complete the road connection to George Town, PTMP proposed the eastern section of NCPR:

  • Construction of an elevated dual two-­lane road over Jalan Lembah Permai, Jalan Tg Bungah and Jalan Tg Tokong; and
  • Construction of interchange ramps between Jalan Cheah Seng Kim and Jalan Sg Kelian junctions along Jalan Tg Bungah together with U-­turns at the junctions.

This eastern section of the NCPR will end before the Seri Tanjung Pinang Phase 1 (STP 1) development, as the continuing section would be another elevated dual two-­lane road in STP 1 area, which is subsequently connected to the dual four-­lane Gurney Expressway.

* Click here to find out more about Penang Transport Master Plan (PTMP) *

Vertu Resort – Show Units Opening (29 April – 2 May)

April 28th, 2016 3 comments

You are cordially invited to be the very first to experience the ultimate urban lifestyle at
Vertu Resort, Aspen Vision City.

vertu-resort-show-units
RSVP your attendance now so that the team may assist you during your visit.

Call 1300 30 5000 or log in to www.verturesort.com
to find out more about Vertu Resort.

Categories: Property News Tags:

BLT Park II

April 27th, 2016 No comments

blt-park-ii

BLT Park II, another light industrial development by DSG Group in Permatang Tinggi, Bukit Mertajam. It is located within the vicinity of Permatang Tinggi commercial hub. Neighboring industrial park includes BLT Park, Asas Murni, Asas Jaya, Bukit Minyak Industrial Park.

This development comprises 18 units of 2-storey semi-detached industrial factories and one unit 2-storey detached light industrial factory. Built-up area ranging from 4,400 sq.ft. onward.

Property Project : BLT Park II
Location : Permatang Tinggi, Bukit Mertajam, Penang
Property Type : Industrial factory
Built-up Area: 4,400 sq.ft. – 6,000 sq.ft., 4,400 sq.ft. (detached)
Land Area: 8,300 sq.ft. – 14,800 sq.ft. (semi-d), 13,000 sq.ft. (detached)
Indicative Price: (to be confirmed)
Tenure : Freehold
Developer : Golden Nation Development Sdn. Bhd. (DSG Group)

Location Map:

Promising outlook on Penang property market

April 27th, 2016 10 comments

Read this yesterday on The Edge Property. I generally agree that Penang’s property market outlook is still promising and prices of residential property (especially landed) were generally on the uptrend. What caught my attention was the comment that Tree Residency @ One Residences transacted at RM1.5 million. Unless this is referring to a 2-storey semi-detached unit (or a corner unit with a really big garden), otherwise the number looks questionable to me.

Read this: 

Despite its weak performance last year, Penang’s property market outlook is still promising, according to the National Property Information Centre (NAPIC).

“Forward-looking, Penang’s property market would remain promising. In recent times, various developments are taking place in Batu Kawan, particularly the new township of Bandar Cassia. Batu Kawan is the third satellite town of George Town, after Bayan Lepas and Seberang Jaya,” Napic said in its recently-released Property Market Report 2015.

Some major projects in the pipeline are One Auto Hub, Penang Development Corp, LRT and Pan Island Link Highway between Gurney Drive and Bayan Lepas.

In 2015, the Penang property market was on the downtrend. There were 21,555 transactions recorded worth RM11.7 billion, down from 15.7% and 15% respectively in 2014.

The residential sub-sector remained the biggest sector, capturing 70.9% of total transactions, followed by the commercial, agricultural, development land and industrial sub-sectors.

All sub-sectors witnessed negative growth in volume with the exception of the industrial sub-sector, which was up by 25.4%.

However, prices of residential property were generally on the uptrend.

For example, terraced houses near higher learning institutions and industrial areas recorded positive growth.

A substantial growth in values was recorded at Dua Villa @ One Residences and Tree Residency @ One Residences on the island, which were transacted between RM1.3 million and RM1.5 million.

On the other hand, the primary market saw the number of units launched in 2015 almost halved to 2,348 units from 4,469 units in 2014.

Nonetheless, sales performance improved to 48.2% from 43.9% a year ago.

Source: TheEdgeProperty.com.my

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