Penang Property Talk

Affordable housing is one of the hottest topics in Penang property market these days. As of today, Penang has more than 38 affordable housing projects proposed, 16 out of which are opened for application and registration. The chart below shows the 5 most popular affordable housing projects in Penang, based on the total number of project page views recorded in 2016 (01 Jan – 28 Sept 2016).

1. i-Santorini @ Tanjung Pinang (35,875 views)

Affordable housing development by Ideal Property Group in Tanjung Tokong, Penang. It is located behind Vantage Desiran Tanjung, just a short walk away from Tesco.

The development comprises three residential towers with 8-level multi-story carpark and 68 units of shop offices at the lower floors. There will be a total of 1,320 affordable units, with a standard built-up size of 850 sq.ft.

2. One Foresta (25,933 views)

The first i-Condo affordable housing by Ideal Property Group in Bayan Lepas, Penang. It is strategically located along Lengkok Kelicap, only a few minutes away from Penang Internation Airport, It is just a stone’s throw away from Setia Pearl Island housing scheme.

The residential component comprises 2 blocks of 40-storey towers with a total of 1343 affording housing units. Each unit will have a built-up area of 900 sq.ft. and comes with 3 bedrooms.

3. The Park @ Mak Mandin (25,768 views)

A new affordable housing scheme by Penang State Government at Jalan Mak Mandin, Butterworth. This project is undertaken by Silver Channel Sdn. Bhd., comprising 4 blocks of 14-storey towers with 780 apartment units.

Featuring spacious layout with a built-up area of 1,002 sq.ft., each unit comes with 3 bedrooms and 2 bathrooms. It also comes with various facilities such as swimming pool, children playground and more.

It is worth mentioning that the Chinese version of this project post has received an overwhelming response.

4. Mutiara Jesselton (18,958 views)

Affordable housing development by Berjaya Land at Batu Gantong, also known as the parcel 2 of Jesselton Villas. It is just a short drive away from Penang Turf Club and easily accessible via Jalan Scotland.

This development comprises a 32-storey residential tower and 16 units of shop offices, with an indicative price starting from RM150,000.

5. TRI Pinnacle (17,900 views)

Affordable homes located at Jalan Persiaran Halia 3 at Mount Erskine. The first of its kind by Aspen Group that create a high quality affordable housing development and help to enhance the surrounding area to provide the residents with a well conceptualized, modern, airy environment to live, relax and work!

This is one of the first private-initiated affordable housing project in Penang. Standard unit price starts from RM299,000, with option to upgrade it with full IKEA furnishing.

Another affordable housing proposed at Balik Pulau, by Prisma Bumiraya Sdn. Bhd. It is located along Jalan Sungai Pinang, next to Titi Teras Primary School. Only less than 2km away from Balik Pulau town centre.

This development will see the construction of a 16-storey residential building, offering 383 affordable units.

More details to be available upon project launch.

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Property Project: (Pending)
Location : Balik Pulau, Penang
Property Type : Affordable housing
Total Units: 383
Land Tenure : Freehold
Indicative Price : (To be confirmed)
Developer : Prisma Bumiraya Sdn. Bhd

Location Map:

Sunday morning – Eco Bloom official launch

Eco World Development Group Berhad (EcoWorld) launched four new projects concurrently under its EcoWorld’s Firsts campaign today. The campaign showcases two new projects in the Klang Valley which are Eco Grandeur and Eco Ardence, one project in Penang, namely Eco Bloom@EcoMeadows and Eco Business Park II (EBP II) in Iskandar Malaysia.

Set in a charming corner of Penang mainland, the residential component of Eco Bloom @ EcoMeadows,  is a 4.86-acre freehold mixed development comprising a single tower project with residential units split into two wings. It offers three different types of units with prices starting from RM388,000. The condominium, which is also the first high-rise development within the corridor with an unobstructed city view, will include facilities such as a swimming pool, gym, beautiful gardens, jogging tracks, BBQ area, multi-purpose court, multi-purpose hall and children’s playground in addition to the convenience provided by the 2-storey retail portion of the development situated below.

The official launching of Eco Bloom is today, however, the queue for booking already started to swell since yesterday morning. Many decided to sleep over at EcoWorld Gallery just to ensure they are ahead of others for a better unit selection. Eco World was helpful by providing meals to keep the momentum in the gallery as lively as possible. By Sunday morning (see picture), the gallery was fully packed with buyers waiting to select their unit. It was full house! Many had their difficulty to even get a parking spot. Again, it is worth to mention that the interests in property continue to be remain high despite the fact that buyers are now more selective.

Obviously, branding is still one of the most influencing factor.

Click HERE to find out more about Eco Bloom @ Eco Meadows

A newly proposed mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Bayan Lepas, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence.

This development will offer a mix of landed and residential properties, with 2 level of shop offices located below the residential tower:

• Parcel 1: 3-storey bungalow (37 units), 3-storey semi-detached (6 units)
• Parcel 2: 2 blocks of 46-storey condominium (938 units), shop offices (65 units)

Details to be available upon project launch.

Property Project: (to be confirmed)
Location : Sungai Ara, Penang
Property Type : Mixed dveloment
Land Tenure : Freehold
Built-up Area: (to be confirmed)
Indicative Price : (to be confirmed)
Developer : Modular Platinum Sdn. Bhd. (Ideal Property)

Location Map:

A developer has failed in its bid via judicial review to set aside the stay order issued by the Penang Appeals Board on its high-rise project in Pykett Avenue here.

A High Court here upheld the decision of the board in the issuance of a stay of implementation of planning permissions to Klassik Tropika Development Sdn Bhd, which prevents the developer from proceeding with the construction of condominiums.

The judicial review application filed by Klassik Tropika on Sept 7 last year had named seven respondents. They are the board, Penang Island City Council and five residents – Ang Sue Khoon, Goh Yee Hoon, Yeoh Soo Lin, Lilian Oh Lai Lin and Oh Chit Soon.

In its application, it sought to set aside the decision made by the board dated June 26, 2015 which suspended the implementation of the planning permission in response to the application made by the five residents.

In his judgment yesterday, Judicial Commissioner Lim Chong Fong said the board has the jurisdiction and power to make such an order.

He affirmed that the decision was properly made and ordered the developer to pay RM5,000 in costs to the Appeals Board, RM25,000 to Ang and RM25,000 to Lai Lin and Chit Soon.

The board was represented by Azlina Hashim and Charanjit Singh, MBPP by Karin Lim, Ang by Ong Yu Shin while Daphne Choy and Eric Cheah appeared for both Lai Lin and Chit Soon. Goh and Yeoh were unrepresented.

It was previously reported that Klassik Tropika had, in July 2010, demolished the 19th century Khaw Sim Bee Mansion which stood at the proposed development site in Pykett Avenue.

The then Penang Island Municipal Council (MPPP) issued a rebuild order on Feb 17, 2011 but the mansion was not rebuilt.

MPPP then approved the developer’s application for planning permission to build mega condominiums at the site on Nov 11, 2014.

Penang Citizens Awareness Chant Group (Chant) adviser Yan Lee said the decision has reaffirmed that the board could consider public interest and check on MBPP.

Sourse: TheStar.com.my