Archive

Archive for the ‘Penang Island’ Category

Aerial view of The Zen Condominium

November 28th, 2017 8 comments

The Zen, yet another mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory.

This development will see the construction of a 46-storey condominium with two residential towers, and shop offices located at lower level. It will offer a mix of affordable and luxury condominium, with unit size ranging from 850 sq.ft. onwards.

Find out more about The Zen Condominium

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Project Location:

Center map
Traffic
Bicycling
Transit
Categories: Bayan Mutiara, Video Posts Tags:

UPCOMING: Jelutong / Hooi Hwa Development

November 27th, 2017 1 comment

upcoming-jelutong-hooi-hwa

Yet another proposed residential development at Jelutong by Hooi Hwa Development Sdn. Bhd. Located along Lorong Madrasah, right opposite Jelutong Palace apartment. It is just a short drive away from Jalan Ahmad Nor / Tun Dr. Lim Chong Eu interchange, about 5 minutes drive to Penang bridge.

This development will see the contruction of a 25-storey condominium with 7 levels of car parking bays, offering a mix of condominium and low-medium cost units:

  • Condominium (116 units)
  • Medium cost (18 units) – 700 sq.ft.
  • Low-medium cost (35 units) – 650 sq.ft.

The project is still pending for approval, more details to be available upon official launch.

Project Name : (to be confirmed)
Location : Jelutong
Property Type : Condominium & affordable
Tenure: (to be confirmed)
Built-up Size: 650 sq.ft. onwards
Total Units : 169
Indicative Price : (to be confirmed)
Developer : Hooi Hwa Development Sdn. Bhd.

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Location Map:

Center map
Traffic
Bicycling
Transit

 

Balik Pulau? Some POTENTIAL insights.

November 11th, 2017 9 comments

stats2by Charles Tan

I still remember the time when I was looking to upgrade to a bigger place from my small apartment of 700 sq ft in Relau. I considered many places and Balik Pulau was one of them. There were a few projects that my wife and I drove to and one of it was Botanica. CT by MTT Properties & Development Sdn Bhd. The price for a terrace home then was below RM300k if I remember correctly. At the time, the construction was going on feverishly. It took my wife and I around 45 minutes to reach the place from our home in Relau via the Bukit Jambul hill road. Frankly, at the time, I love the space that Botanica 1 terrace home was offering, as well as the potential capital appreciation because this is still a landed property and Penang island is still just an island. 🙂  My wife said, ‘It’s far.’ I reminded her that even when we were staying in Relau, it still took her at least 30 minutes to reach her office in Bayan Lepas. Anyway, she won the argument, we did not buy it then and recently, I told her that the price of the same unit we saw has doubled. ‘We should have bought a unit,’ was her answer. Haha.

balikpulautravellingLet’s look at the latest stats about the actual travelling time. We ask our most reliable friend, GoogleMaps. By the way, I do not usually believe what my friend tells me about travelling time because once we are used to a certain area, the travelling time somehow shorten tremendously! Let us look at a typical weekday. We also look at the typical time that my wife used to leave our home in Relau previously. You can see that the time needed for the journey from Balik Pulau to the Bayan Lepas Industrial area is between 35-55 minutes. Please do look closely and you would realise that the JAM is actually within the Bayan Lepas area and not along the road from Balik Pulau. In other words, whether we stay in Balik Pulau or we stay in Batu Maung, we will still face the same jam. Seriously, I think travelling time is not the main reason why we should buy a place.  My old friend who stays in Balik Pulau told me she does not feel the duration because she has travelled the same road for 10 years!

Beyond this, Balik Pulau has a few more POTENTIAL insights. Let’s look at a few of them shall we.

Potential capital appreciation – Balik Pulau is still growing and has lots of room to grow still. Please do not ask me if prices would double again within the next 10 years. Seriously, you should not believe anyone telling you that it will double in price. However, just ask Penangite if they believe that property prices would stop rising and the answer is definitely a NO.

Prince of Wales Island International School (POWIIS)- It is not easy to run an international school if there are insufficient students. There are insufficient students when parents refuse to send their children there, probably because it is not good, too far or even just because they were not staying nearby. POWIIS today? Take a look at it today. https://www.powiis.edu.my/ I think it has grown tremendously and is now very prominent in Penang.

Continuous developments – Balik Pulau has become a magnet for developers who are eyeing developments within the Penang island. Big names, small names and even boutique ones. The reason is a similar one. They are building because the demand is growing. The demand is growing because people are now thinking of Balik Pulau as just another choice within the island. This by itself is an awesome reason.

Penang island is still an island – If we love to live in the island and thinks of mainland as a second choice, then just note that the available land for development within the island is not growing, except for the reclamations which I believe you are also aware of the price per sq ft that is being offered today. In terms of affordability vs size vs duration, it’s obvious that there are just a few choices left currently.

Durians – This is just a funny reason but hey, every year we get access to durians by being closest to the source. Seriously, durians will become a luxury because the Chinese from China are coming here to taste them. This is the reason why it may be tough for the durians to even leave Balik Pulau in the future because there is just not enough to go around.

Additional statistics? From my good friend’s site. miichaelyeoh.com

According to Department of statistic as of the year 2010 the total population in the area are 32,489. Today definitely the figure is much more.

stats2

Source: PenangMonthly.com

 

Happy looking for your home sweet home, especially for a growing family and new couples. This is going to be a long term investment and not just buying a property. Cheers.

>> This guest article comes courtesy of my friend, Charles, the founder of kopiandproperty.com. He is popular for sharing his thought on property investment mostly based on his own 14 years experience as well as from all the readings and conversations with property gurus in the industry. (Source)

Categories: Balik Pulau Tags:

M Tree Hill Condominium

November 8th, 2017 6 comments

m-tree-hill-condo

M Tree Hill Condominium, an upcoming high-rise residential development by M Tree Hill Sdn. Bhd. at Teluk Kumbar. Located off Jalan Sungai Batu, adjacent to Desa Pantai Indah in Sungai Batu. It is about 10 minutes drive to Penang International Airport, under 15 minutes to Second Bridge.

This project was formerly known as Straits View Condominium (renamed to One Tree Hill Condominium) by GTM Group, offering 59 typical and 8 duplex condominium units. Indicative price starts from RM895,000 onwards.

Project Name : M Tree Hill Condominium
Location : Sungai Batu, Penang
Property Type : Condominium
Total Units (Condominium) : 59 (typical), 8 (duplex)
Built-up Area: 1,313 sq.ft. onwards (to be confirmed)
Indicative Price: RM895,000 onwards
Tenure 
: Freehold
Developer : M Tree Hill Sdn. Bhd. (MBI Group)

Register your interest now

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Location Map:

Center map
Traffic
Bicycling
Transit

 

 

Categories: Teluk Kumbar Tags: ,

Penang Arts District

November 3rd, 2017 1 comment

penang_arts_district1910c

Two years after announcing the set-up of an art district, the state Pakatan Harapan government said today the masterplan for the Penang Arts District (PAD) is finally ready and has been submitted for planning permission.

Penang Chief Minister Lim Guan Eng said there were several delays for the PAD project due to conflicts with the proposed state light rail alignment.

“Last year, a 9.2 acre development site off Gat Lebuh Macallum and Lebuhraya Tun Dr Lim Chong Eu was identified to be an ideal place to set up the Penang Arts District,” he said.

Lim said the state government will invest RM30 million for the PAD.

He said the 100,000-sq ft build-up space of the arts district will be mainly made up of shipping containers.

“The container concept and modular style allows for greater flexibility and opportunity for the space to evolve with time,” he said.

The Penang-based BYG Architecture Sdn Bhd was appointed as the lead designer for the PAD.

The architecture firm had submitted a pre-qualification tender with their “Under One Canopy” concept which is breathable canvas that will span over a sculpture park surrounding the art district.

Lim said the PAD will cater to the single largest collection of art galleries, cultural museums, exhibition spaces, art and music studios, arts schools and workshops in Malaysia.

Source: The Malay Mail Online

Location Map:

Center map
Traffic
Bicycling
Transit

 

 

Categories: Georgetown Tags: