AFFORDABLE: Bukit Mertajam / BM Bina Sdn. Bhd.

December 3rd, 2016 No comments

affordable-bm-bina-bukit-mertajam

A proposed affordable housing by BM Bina Sdn. Bhd. near Jalan Betek in Bukit Mertajam. This is the second affordable housing proposed within vicinity of Jalan Betek,   less than 500 meters away from the first affordable project – Villa Acres Residence.

Strategically located next to Taman Sungai Rambai, just a stone’s throw away from SJK(C) Keow Kuang Primary School. It is easily accessible via the ever bustling Jalan Song Ban Kheng. Amenities such as schools, market, banks, shopping malls and eateries are only a few minutes drive away.

This development will see the construction of a 23-storey high-rise building with 186 affordable units. Affordable housing project in the mainland is expected to be priced below RM250,000.

This is still pending for approval. Details to be available upon project launch.

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name: (to be confirmed)
Location : Bukit Mertajam
Property Type : Affordable Housing
Total Units: 186
Indicative Price: RM250,000 and below
Developer : BM Bina Sdn. Bhd.

Register your interest here

Location Map:

 

Review of Penang Structure Plan 2020

December 1st, 2016 10 comments

PELAN INDIKATIF RSN 2030An “inspection report” for the review of the Penang Structure Plan 2020 (PSP 2020) will be up for display to get public feedback from today until Jan 31.

Chief Minister Lim Guan Eng said the draft of the finalised PSP 2020 would be open for display again in the first quarter of next year after considering all the feedback on the inspection report.

The PSP 2020 and its subsidiary local plans are important for proper planned development of the state in the near future.

It will specify the type of projects allowed in every area in the state that the public can look forward to.

The last structure plan was gazetted in 2007. Such plans are renewed every five years.

Critics had criticised the delay by the Penang government in coming out with the next structure plan, which was due in 2012.

The local plans for Penang Island and Seberang Prai were also not seen although a draft plan was reportedly ready to be gazetted.

Lim said the delay was due to preparation and gazettement of the Special Area Plan (SAP) documents, which would be absorbed into the PSP.

This included the George Town World Heritage Site SAP and Penang Hill SAP. Both the SAPs were gazetted on Sept 1.

“We had to gazette these smaller plans before we could do the PSP,” Lim told a press conference at Komtar today.

Meanwhile, Penang town and country planning department director Mohd Anuar Maidin hoped the public would give positive feedback on the development projects targeted in their areas.

The draft plan will be displayed at the state government office on the third floor of Komtar; Town Hall, Padang Kota Lama; and Seberang Prai Municipal Council office in Bandar Perda, Bukit Mertajam.

Viewing hours are from 9am to 4.30pm during weekdays.

Feedback forms will be available at the display venues.

The draft and feedback forms can also be downloaded from the Penang Town and Country Plan website.

Source: FMT

 

Categories: Property News Tags:

AFFORDABLE: Teluk Kumbar / Reignview Development

November 28th, 2016 1 comment

affordable-teluk-kumbar-reignview-development

The latest affordable housing proposed by Reignview Development Sdn. Bhd. at Teluk Kumbar. This is the third affordable housing within Teluk Kumbar area, located next to Emerald Park gated housing scheme. It is about 5 minutes drive from Penang International Airport via Jalan Teluk Kumbar, just a stone’s throw away from D’zone and Platinum III Condominium.

This development will see the construction of a 24-storey condominium, offering 195 affordable residential units with facilities located at level 7.

Project is still pending for approval. More details to be available upon official launch.

READ MORE ABOUT AFFORDABLE HOUSING:

Property Project : (to be confirmed)
Location : Teluk Kumbar, Penang
Property Type : Affordable Housing
Built-up Area: (to be confirmed)
Total Units: 195
Indicative Price: (to be confirmed)
Developer: Reignview Development Sdn. Bhd.

Register your interest here

Location Map:

 

Waterside Residence at The Light, Penang launching soon from RM749,000

November 26th, 2016 31 comments

WatersideResidenceCondoView2IJM Land Bhd, the property development arm of IJM Corp Bhd, will launch the Waterside Residence at The Light in Penang sometime in December.

The Waterside Residence is the first residential tower of The Light Waterfront phase 2, with an estimated gross development value (GDV) of RM240 million.

Situated on a 4.27-acre freehold site, the Waterside Residence comprises three residential blocks of 17, 25 and 33 storeys, housing 256 units with two and three bedrooms.

The condo units have built-ups ranging between 1,055 sq ft and 1,270 sq ft with prices starting from RM749,000.

With a GDV of RM6.5 billion, the 103-acre phase 2 of The Light Waterfront also features a mall with a gross retail space of 1.5 million sq ft, thematic shops, a convention centre, two hotels offering a total of 750 rooms and an office tower.

According to IJM Land’s northern region senior general manager Datuk Toh Chin Leong, each Waterside Residence unit will come with at least two parking bays. Amenities include a swimming pool, Jacuzzi, gymnasium, reading room and storage lockers.

“Our target audience are homebuyers who are looking to own a moderate-sized unit in the metropolitan area, as Waterside Residence is located opposite the proposed mall and convention centre.

Register your interest for Waterside Residence

“The Waterside Residence is expected to be completed by 2020,” he told TheEdgeProperty.com.

Meanwhile, IJM Land managing director Edward Chong said the Waterside Residence will see a “healthy interest” among potential homebuyers, owing to its strategic location and upcoming surrounding lifestyle amenities within walking distance.

Chong added that in 2017, the developer will largely remain focused on affordable and mid-range products that meet buyers’ aspirations and affordability.

“New launches in the pipeline are priced to target first-time homebuyers and young working adults,” he added. “Next year, we expect buyers to be discerning. Affordability, location and connectivity should remain the determining factors.

“Good projects in strategic locations and priced appropriately shall continue to attract buyers,” he told TheEdgeProperty.com.

Upcoming launches in 2017 in Greater Kuala Lumpur include Riana Dutamas in Kuala Lumpur, Riana South Condominium at Bukit Manda’rina, Cheras, Rimbun Harmoni 2-storey linked homes at S2 Heights in Seremban 2, and a new phase of affordable double-storey terraced in Bandar Rimbayu in Telok Panglima Garang.

Meanwhile, in the northern region, it is looking to launch Senjayu’s maiden phase of terraced homes in Jawi, Penang next year.

Read source: TheEdgeProperty.com.my

 

Categories: Property News Tags:

Penang SkyCab is on track to start work in 2018

November 25th, 2016 5 comments

skycab-perspective1Penang is a step closer to having a cable car system traversing the channel between the island and the mainland, as the project has received a nod from the Department of Environment (DoE). State Public Works, Utility and Transportation Committee chairman Lim Hock Seng said the DoE has granted its approval for a detailed environment impact assessment (DEIA) and the project developer, Malaysian Resources Corp Bhd (MRCB), will draught a detailed design plan.

“The design (for the 3-km link) will involve pylon positioning for cabling structure and landing points on the island and the mainland for the cable car.

“The project – named the Penang Sky Cab – is on track for completion in 2018,” Lim said yesterday, adding that the project is a state government-initiated undertaking led by MRCB.

He said the design plan is expected to be drawn up in phases over the next year, adding that DEIA approval was granted on Sept 2. MRCB, via its wholly-owned unit Penang Sentral Sdn Bhd (PSSB), is undertaking a detailed study to determine the functionalities and design parameters of a proposed light rail transport service, or Sky Cab, linking the island and the mainland.

The Penang Sky Cab cable car system will connect Penang Sentral in Butterworth with Gat Lebuh Noordin on the island. It will serve as an aerial link across the Penang channel and decrease dependence on automobiles. The proposed 3-km link is expected to cater to 1,000 passengers per hour, per direction.

Read Source : NST Online

 

Categories: Property News Tags: