Archive for the ‘Property News’ Category

Co-working space has reached Penang

October 2nd, 2017 Comments off

scoopoint (6)Co-working is a global movement to create innovative, collaborative and community driven workspaces that move beyond traditional work environments. Stop working alone – work for yourself, not by yourself.

In recent years, co-working space has been emerging as a new trend in Asia. This is supported by the rapid increase of remote workers and changing working styles, as new generations seek more flexibility in their job.

Co-working spaces are also sprouting up in Malaysia and a new player has just joined the fray in Penang. Located at the heart of Georgetown, disruptive co-working space Scoopoint offers amazing working environment and facilities. It is also a platform to live up to one’s passion, network, collaborate and inspire one another.

Penang is such a wonderful place to live, work and play. Unfortunately, many Penangites have left the beautiful island because of limited resources for career development, business advancement and chances of starting a business. Scoopoint aspires to change this perception to help Penang retain its talents.

Scoopoint founder Mei Tan said, “We connect entrepreneurs from different backgrounds and industries. We create a platform for them to collaborate, create opportunities and grow together as a strong and positive community here in Penang.

Find out more about Scoopoint

“We also provide creative and consultation services, such as branding, advertising design, social media marketing, estate planning and funding options to bring their business to the next level.”

“We have an in-house team with almost eight years of experience in the branding and advertising fields.We also provide consultation servicesby working closely with our panel of advisors, such as BrandYourself Agency, Asia Green Group, StayHi Social Media Marketing and InSync Group,” said Mei.


Co-working space provides flexible and cost-saving renting of desks, small office rooms and meeting rooms. It is a solution for those in need of small working space with basic facilities.

In the past, many SMEs, start-ups, freelancers, self-employers and remote workers only had the options of working at home, in cafés or traditional office environment This was because renting and setting up a big office space is a costly long-term commitment.


Small businesses, freelancers, remote workers, budding entrepreneurs, start-ups and those who are looking to transition out of their isolated work environments – home offices, traditional office and cafés –into a creative workspace that will push their productivity and creativity to the next level.


People and businesses of all kinds come together in one facility to share resources, create a community and reduce operating costs. They can opt to use a co-working space by the day or monthly, or anywhere in between. It is flexible.

Office facilities in Scoopoint include high speed internet supported by TIME, working desks and office rooms, cabinets, lockers, admin and mail services, electrical plug points, phone and conference booth, meeting rooms and training rooms. It also provides Virtual Office service packages.

Scoopoint believes in work life balance and positive working environment, so other facilities – a cosy sofa area overlooking the sea view, table tennis table, nap room, standing working station and a pantry area – are included. The pantry has all the necessities, such as microwave, toaster, coffee machine and refrigerator.

Mei said that Scoopoint also offers event and meeting room rental with full set of equipment for training, presentation, product launch, workshop, meeting and others.

Within Three months of operations, Scoopoint has already organised 24 events. Examples of the events are Big Step into UX design skill-share by Can Yelok, Women Entrepreneur Night by Krista Goon, Penang Entrepreneurs Networking Night, Intellectual Property Talk by Gordian, BrandYourself Showcase by Steve Wee, Product Design 101 from Expedio.

If you need more info and acquire on the plans can check out or call us at 016-7290091 or 04-2621389.


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Mira Residence – Free 6D4N Melbourne Trip

September 30th, 2017 Comments off

Mira Residence, a fully furnished residence by BSG Property, situated in the self-contained township of Permai Village. It comprises 322 residences in twin elegant high-rise towers with 4-tier security. Each unit will come with 4 car parking bays.

Now, new buyers can enjoy an exclusive reward of a 6D4N trip to Melbourne! You will fly in Business Class with accommodation at Jasper Boutique Hotel.



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Most developers harbour pessimistic sales outlook

September 21st, 2017 No comments

FuturelaunchMost developers are pessimistic on future sales performance, with 76% out of 153 respondents anticipating that their sales will be below 50% in 2H2017 and 1H2018, according to a survey by the Real Estate Housing Developers Association (Rehda) titled “Property industry survey 1H17 and market outlook for 2H17/1H18” in Peninsula Malaysia.

Rehda president Datuk Seri FD Iskandar Mohamed Mansor said 48% of the respondents planned to launch a total of 17,535 units of properties in 2H2017.

Among the 17,535 properties, 9,647 are high-rise residential properties, 7,386 are landed houses and 502 are commercial properties.

As purchasers are taking a longer time to secure their loans and market sentiment remains weak, a majority of the developers are taking a conservative view of the performance of future launches.

The survey results showed that 39% of respondents expected sales in 2H2017 and 1H2018 to be around 26% to 50%, while 17% expected sales to stay below 25%.

Despite this, 16% of the respondents anticipated future sales to be around 51% to 75%, while 2% are optimistic about achieving above 75% sales in 2H2017 and 1H2018.

Meanwhile, as developers anticipate dampened market sentiments to extend to next year, most of them are adopting flexible pricing strategies to attract buyers.

For instance, the survey showed that Penang developers tend to lower the selling price range to RM250,001 to RM500,000, from RM500,001 to RM1 million in 1H2017.

In terms of market outlook, 48% of respondents have a pessimistic view of 2H2017 and 37% of respondents remain negative on the property market performance in 1H2018.

Besides this, the survey also revealed that 45% of property purchasers in 1H2017 are first-time homebuyers, followed by upgraders at 33%.

FD Iskandar noted that most buyers are buying for their own stay, upgrading homes or buying for family members.



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E&O targets to launch STP 2A in early 2019

September 21st, 2017 No comments

stp2-designEastern & Oriental Bhd expects a strong financial performance this year from the ongoing sale of its properties and the planned disposal of several major non-core assets.

The property developer has RM840.6mil in unbilled sales, which will be recognised progressively over the next two years.

It has also identified seven non-core assets including several parcels of land and retail malls to be divested.

Group MD Kok Tuck Cheong pointed out the group would also be recognising profit from the disposal of a portion of the company’s Seri Tanjung Pinang phase 2 (STP2) project in Penang to Kumpulan Wang Persaraan (Diperbadankan) (KWAP) for RM766mil.

As for the following year, the group targets to launch its developments for the SPT2A projects in early 2019, which Kok said will significantly contribute to its earnings thereafter.

STP2A is the first phase of the 760-acre STP2 reclamation project on the northeast coast of Penang island.

Kok said they had already applied for land titles, with the first batch of titles expected to be issued by the end of the year.

“Our target is to launch the project by early 2019. Following this, there will be significant contribution to the group’s earnings,” he told reporters after the group’s AGM here on Tuesday.


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Vertu Resort vs Suria @ Hijau E-Komuniti

September 18th, 2017 2 comments

Wanted to stay near IKEA? You have a few options with price starting from RM72,500 onwards. With Suria @ Hijau E-Komuniti affordable units now open for public (open market), you can now grab a 1,000 sq.ft. unit for less than half the price of a similar size in Vertu Resort Condominium. These two projects are only 1km apart. :)

Vertu Resort Suria @ Hijau E-Komuniti
Developer Aspen Group Penang Development Corporation
Location Batu Kawan Batu Kawan
Standard unit size 1,030 sq.ft. – 1,800 sq.ft. 800 sq.ft. – 1,000 sq.ft.
Price psf. RM386 onwards RM186 onwards
No. of carpark 2 1
Selling Price RM398,000 onwards RM168,000 onwards
Development land size 7.2 acres 6.7 acres
Land tenure Freehold Leasehold
Total units 1,282 520
Expected completion 2021 2017
Highest floor 43 40
5 nearest schools
  • Upcoming KDU Univerity College (1km)
  • Upcoming ALC College (4km)
  • SK Batu Kawan (5km)
  • SRJK(C) Keng Koon (6km)
  • SRJK(C) Boon Beng (12km)
  • Upcoming KDU Univerity College (1km)
  • Upcoming ALC College (4km)
  • SK Batu Kawan (4km)
  • SRJK(C) Keng Koon (5km)
  • SRJK(C) Boon Beng (11km)
  • 5 nearest malls
  • Penang Design Village (1km)
  • Upcoming IKEA Penang (0.5km)
  • Tesco Alma (13.5km)
  • Aeon Jusco Bukit Mertajam (13.5km)
  • Pearl City Business Park (11km)
  • Penang Design Village (0.5km)
  • Upcoming IKEA Penang (1.5km)
  • Tesco Alma (13.5km)
  • Aeon Jusco Bukit Mertajam (13.5km)
  • Pearl City Business Park (11km)
  • Web popularity (Since 1/Jan/17) 9,800 pageviews 4,978 pageviews
    Travelling to
    (off peak)

    • Penang Bridge
    • 2nd Bridge
    • Airport
    • Komtar
    • FTZ

  • 22km (18 minutes)
  • 4km (4 minutes)
  • 28km (26 minutes)
  • 38km (35 minutes)
  • 24km (20 minutes)

  • 22km (18 minutes)
  • 4km (4 minutes)
  • 28km (26 minutes)
  • 38km (35 minutes)
  • 24km (20 minutes)
  • Key highlights
    (by developer)
  • 10 mins walking distance to IKEA Penang
  • Move-in condition with furniture and electrical appliances
  • More than 200,000 sqft facilities spaces
  • Seamless accessibility and connectivity
  • (No feedback from developer)
    More about Vertu Resort More about Suria @ Hijau E-Komuniti
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