Penang Property Talk

Another newly proposed residential development by Senrita Development Sdn. Bhd. at George Town, Penang. Strategically located on a half acre land along Jalan Cheah Choo Yew, easily accessible via Jalan Patani. It’s only 10 walk form Penang Times Square, about 2km drive to KOMTAR.

This development will see the construction of a 27-storey condominium, offering 44 units of residence with 7 levels of multi-storey car park.

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

Project Name: (to be confirmed)
Location : George Town, Penang
Property Type : Condominium
Built-up Area: (to be confirmed)
Total Units: 44
Indicative Price: (to be confirmed)
Developer : Senrita Development Sdn. Bhd.

Location Map:

Lately we have received several inquiries related to the latest development at Sungai Ara / Bayan Lepas area. Here are the list of latest projects reviewed in no priority order. Make your choice wisely as there are plenty of options available now.

Fairview Residence

Upcoming affordable housing development at Sungai Ara, Penang. Strategically located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. This is a joint venture development between VST Group and BSG Property, featuring a 34-storey condominium.
Indicative Price: RM368,000 onwards.

TreeO Hillside Towers

An upcoming affordable housing by Hunza’s wholly-owned unit, Diamaward (M) Sdn Bhd, at Sungai Ara. It is located next to Taman Sungai Ara, about 1.5km away from SJK(C) Chong Cheng. This development comprises three 49-storey towers offering a total 1,390 affordable units.
Indicative Price: RM300,000 onwards

Senzo Residence

Residential development by Corfield Development Sdn. Bhd. in Sungai Ara, Penang. Strategically located next to Skycube Residence, just a mere minutes drive away from sPICE. This development will see the construction of a 34-storey building, offering 397 residential units with size ranging from 1,080 sq.ft. onwards.
Indicative Price: RM480,000 onwards.

Imperial Grande

Upcoming mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, 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 high-rise properties, with 2 level of shop offices located below the residential tower.
Indicative Price: RM550,000 onwards

Isle of Palm @ Setia Pearl Island

Formally the show village of Setia Pearl Island at Sungai Ara, Penang. This project will comprises 30 units of 3-storey semi-detached houses, 16 of which are existing show units and another 14 new houses to be built.
Indicative Price: RM2,200,000 ownards

Mpire Residences

Upcoming mixed development by Paramount Solaris Sdn. Bhd. (Ideal Property) in Bayan Lepas, Penang. It is located next to The Clovers by Asia Green, about 3km away from Penang International Airport. This 50-storey development consists of 2 residential and one commercial tower.
Indicative Price: RM800psf onwards

Camerlina

3rd phase of Ideal Vision Park by Ideal Homes in Bayan Lepas, Penang. This development is located along Jalan Tun Dr Awang, next to Summerskye Residences. It is only minutes away from various learning institutions including the proposed new schools: Chung San Primary School and Heng Ee.
Indicative Price: RM550,000 onwards

A proposed affordable housing by Montrico Development Sdn. Bhd. at Teluk Kumbar. It is strategically located a long Jalan Teluk Kumbar, less than 3km from Penang International Airport. Neighboring communities include but not limited to Prestige Heights, Platinum III, Teluk Kumbar Heights and Sunway Aspera.

This development to be developed in two phases, offering a mix of affordable housing and shop offices:

Phase 1

• Block A: 39-storey affordable housing (900sq.ft. – 696 units) and 12 units of shop offices
• Block B: 39-storey affordable housing (900sq.ft. – 324 units)
• Block C: 39-storey low medium cost apartment (650sq.ft. – 410 units)

Phase 2

• Block D: 39-storey affordable housing (900sq.ft – 352 units) and low medium cost apartment (650sq.ft. – 60 units)

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

Project Name : (to be cofirmed)
Location : Teluk Kumbar
Property Type : Affordable / Shop offices
Built-up Size: 650 sq.ft. & 900 sq.ft.
Total Units: 1020 (affordable), 410 (LMC), 12 (shop office)
Indicative Price: RM75,000 onwards
Developer : Montrico Development Sdn. Bhd.

Location Map:

About 3,000 jobs will be created for locals with the opening of a RM200 million high-end Global Business Services (GBS) complex near the second bridge by 2020, Chief Minister Lim Guan Eng announced yesterday.

He said the complex, called “GBS by the Sea”, would be housed in two buildings, one eight storeys and the other nine storeys, with a total floor space of 411,000 sq ft and 2,500 parking lots.

Lim said the Penang Development Corporation (PDC) would build the project next to the current Motorola Solutions building at the Free Industrial Zone in Bayan Lepas.

GBS is a term referring to businesses housed under one roof that offer shared services and outsourcing to improve service delivery and reduce costs.

Last month, Lim launched GBS@Mayang, a similar set-up which involved the refurbishment of a mall in Bayan Baru.

The Mayang initiative is part of the Bayan Baru Improvement District under the Penang Cyber City plan.

“Penang’s concerted efforts to enhance GBS infrastructure will provide higher value jobs in the manufacturing industry through expansion and diversification of the GBS business,” Lim said in a press conference at Komtar.

“We aim to be part of the Industry 4.0 Transformation, which revolves around big data analytics, e-commerce, crowdsourcing, cloud computing and the Internet of Things.

“GBS by the Sea is expected to attract many key international players.”

According to PDC general manager Rosli Jaafar, GBS by the Sea is envisioned as a centre for tech and R&D companies.

It will be an MSC Malaysia cybercentre-standard building incorporating retail and food outlets, he added.

Outsourcing Malaysia, the industry association, projected that Malaysia’s GBS sector would see a compounded annual growth rate of 10%-15% in the next three years.

According to Malaysia Digital Economy Corporation, GBS companies with MSC Malaysia status recorded a total revenue of RM18.4 billion in 2016.

The Malaysian Investment Development Authority, in its 2016 report on investment performance, listed Penang in second place after Kuala Lumpur in investments for Global Establishments for Services or “Principal Hub”, with an investment value of RM4.1 billion.

Source: FreeMalaysiaToday.com

Fairview Residence, an upcoming affordable housing development at Sungai Ara, Penang. Strategically located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. This is a joint venture development between VST Group and BSG Property.

This development will features 34-storey condominium offering 750 units of affordable housing, with an indicative selling price of RM368,000 onwards.

READ MORE ABOUT AFFORDABLE HOUSING:

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

Project Name: Fairview Residence
Location : Sungai Ara, Penang
Property Type : Affordable Housing
Built-up Area: 900 sq.ft.
Total Units: 750
Indicative Price: RM368,000 onwards
Developer: VST Group and BSG Property

Location Map: