Archive for the ‘Property News’ Category

Appointments to view show units made, more visitors expected over the weekend

July 23rd, 2011 No comments

EXHIBITORS at the Star Property Fair 2011 were having a busy time as the premier property expo at G Hotel and Gurney Plaza in Penang entered its second day.

Sunway City Berhad senior executive for sales and marketing Jenny Khor said the number of visitors making enquires yesterday was much more, compared to the opening day.

?Many visitors to our booth even made appointments to view the showroom of our projects,? she said.

Reka Indah Development Penang Sdn Bhd (RID) also had a productive day, said its marketing executive Jasmine See.

?We have many enquiries but visitors intending to purchase are directed to our sales gallery at Bay Avenue in Bayan Lepas. This is to avoid double selling,? she explained.

See added that potential buyers usually want to have a first-hand look at the showroom as well, other than the usual miniature model on display.

Over at the booth of DNP Land Sdn Bhd, its staff was swamped with enquires on its new residential project, Jesselton Hills, located in Alma, Bukit Mertajam.

?We have five reservations for the project, which consists of more than 800 units of bungalows, semi-detached houses and linked homes,? said its assistant marketing manager Helen Khor.

She is anticipating a larger crowd over the weekend as the visitors on day two were much more than on the opening day.

While local real estate is in hot demand with numerous sales and countless enquiries, interest in overseas properties is comparatively slower, according to ResCom Asia marketing manager Kenny Teh.

?This is normal as buyers? attention is more on domestic properties. Nevertheless, we still had a number of enquiries,? he said.

SOURCE: The Star

Categories: Property News Tags:

Penang market still vibrant

July 22nd, 2011 No comments

GEORGE TOWN: The increase in the number of exhibitors at the Star Property Fair 2011 here is an indication that the property market in Penang is still vibrant.

Star Publications (M) Bhd group managing director and chief executive officer Ho Kay Tat said there were 36 exhibitors now compared with 29 last year.

“We can expect a turnout of more than 30,000 visitors to the fair this year,” he said when opening the four-day fair at G Hotel here yesterday.

The fair is being held at Level Two of the hotel and ground floor of the neighbouring Gurney Plaza from 10am to 10pm daily until Sunday.

It is the ninth time the annual fair is being held. Admission is free.

Ho said that due to the stronger ringgit, foreign properties had also caught the attention of local investors.

“Thus, there are developers at the fair showcasing properties in the UK and Australia,” he added.

Ho said that since the 1980s, The Star had been involved in organising events, pointing out: “We started out doing education fairs and we found that such events can be very successful and popular.”

On The Star’s old office on Jalan Mesjid Kapitan Keling, Ho said the office was being renovated.

“The building is strategically located within a neighbourhood of historical significance.

“We will soon release details of what we want to do with it,” he added.

The fair is organised by The Star in collaboration with Henry Butcher Malaysia (Penang) Sdn Bhd.

The exhibitors include almost all the big boys in the housing industry along with several financial institutions.

Key exhibitors include IJM Land, Sunway Grand, Mah Sing, Ideal Property Development, SP Setia Group, Boon Siew Group, Ivory Properties Group, Nusmetro Venture, MTT Properties & Deve­lopment, Reka Indah Develop- ment, Belleview Group and DNP Land.

IJM Land is sponsoring RM30,000 worth of prizes for the “Surf, Click & Win” contest.

Among the many visitors to the fair yesterday was Roslina Begum Baharudeen who said she was very keen on the Pearl Villas homes developed by Tambun Indah Land Berhad Group at Simpang Ampat.

“I am inclined towards this property because the second Penang bridge, schools and banks are nearby.

“This is a suitable place to start a family,” said Roslina.

Goh Ai Lin, 50, who was looking for an apartment on the island, lamented that property prices in Penang were going up year after year.

SOURCE: The Star

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Eco-town concept for Batu Kawan

July 22nd, 2011 No comments

BUTTERWORTH: The Seberang Prai Municipal Council (MPSP) has been tasked with turning Batu Kawan in Central Seberang Prai into an Eco-town with high standards of sustainability.

State Local Government and Traffic Management Committee chairman Chow Kon Yeow said many green plots of land in Batu Kawan could be incorporated into the area’s development plans.

“Apart from physically greening Batu Kawan, it is also important to look at introducing sustainable green and eco-friendly practices in the area.

“We hope Batu Kawan can become a model for other townships to eventually adopt an Eco-town concept that promotes a healthy living environment,” he said after representing Chief Minister Lim Guan Eng in opening the Penang Green Industry Conference at Sunway Hotel Seberang Jaya here yesterday.

Chow said Eco-towns in England followed certain standards, such as possessing a minimum of 30 per cent affordable housing, a minimum of 40 per cent green space, high recycling rates and zero carbon emission.

He said development in Batu Kawan was expected to pick up upon the completion of the second Penang bridge linking Batu Maung on the island.

MPSP president Maimunah Mohd Sharif said since Batu Kawan was earmarked for mixed development, it was vital to ensure the township’s overall planning, including its building designs and layout, is eco- friendly.

Maimunah had initiated an Eco-town programme for the Bayan Baru new town and Bayan Lepas Free Industrial Zone in 2006 when she was with the Penang Municipal Council (MPPP).

“The green concept must be incorporated right from the drawing board to ensure the area’s industries, commercial and residential units complement one another in their green practices,” she said.

Source: The Star

Categories: Property News Tags:

Penang properties attractive to foreigners and overseas Penangites

July 22nd, 2011 No comments

RETIREE Frank Kwong, 83, is unable to stand too long or walk much but that did not deter him from visiting the Star Property Fair 2011 ? he turned up in a wheelchair even before the fair opened.

?I have been reading about the fair and did not want to miss it,? said Frank, adding that he wanted to be in the know about the latest developments in Penang.

His wife Molly Kwong, 80, said Frank was excited about the fair and could not wait to check out the latest projects and properties offered.

?Knowing that our daughter Cecilia is looking for a property in Penang, he told her about the fair and got her to bring us here,? said Molly.

Cecilia, 50, a customer sales representative in Connecticut in the United States, said she was looking for a condominium as a holiday home in Penang.

?I?m looking for a comfortable home with a good price. We read about the fair in The Star, and our friends recommended that we check it out,? she said.

She added that the currency exchange rate was also a good reason to invest in properties in Penang.

?Many foreigners are looking for properties here, especially those from colder countries who prefer a warmer climate,? she said.

Touted as Penang?s premier property expo, the Star Property Fair, in its ninth edition, is open daily from 10am to 10pm until Sunday. It is organised by The Star in collaboration with Henry Butcher Malaysia (Penang) Sdn Bhd.

The fair was opened by Star Publications (M) Bhd group managing director and chief executive officer Ho Kay Tat yesterday.

There are 36 exhibitors filling up the booths at Level 2 of G Hotel, and the ground floor of Gurney Plaza.

In the morning itself, there was already a large crowd despite an hour-long rain in the morning.

Among the visitors who braved the rain were businesswoman Kelly Neoh, 34, with her mother Teh Poh Kim, 61, and sister-in-law Khor Swee Ping, 31, who were looking for investment opportunities.

Neoh said she and Khor, a financial analyst, normally did their research on the companies and properties before checking them out.

?We then check out the booths and make inquiries as to the individual projects.

?Among the things we want to know are how many floors are there in the project, what is the car park like, the range of properties available, whether it is freehold or leasehold, is the project a good investment or a good place to live in, and can it sell within the next three years.

?We also want to know the built-up, how much is the downpayment, what is the base lending rate, what is the proximity among the units, and whether it meets our budget especially now with the 70% loan cap on third properties and above,? she said.

The women were spotted making inquiries at the IJM Land Bhd?s booth at Gurney Plaza, as they felt that IJM Land?s properties were usually snapped up even though they were normally leasehold.

?There?s something special about their design and the developer is established and well-known,? said Khor.

Besides IJM Land, other exhibitors include Ivory Properties Group, Belleview Group, DNP Land Sdn Bhd, Nusmetro Venture (Pg) Sdn Bhd, Sunway Grand Sdn Bhd, Mah Sing Group Bhd, MTT Properties and Development Sdn Bhd, Reka Indah Development (Pg) Sdn Bhd, Ideal Property Sdn Bhd, SP Setia and Boon Siew Group (BSG Property).

There are also Plenitude Heights Sdn Bhd, Triental Land Sdn Bhd, GD Development Sdn Bhd, Lone Pine Group of Companies, ResCom Asia Sdn Bhd, Capitawealth International Sdn Bhd, KPWG International Sdn Bhd, Tambun Indah Development Sdn Bhd, Bukit Kiara Properties Sdn Bhd, E&O Bhd and Jalin Realty.

Henry Butcher is also featuring projects by Magna Putih Sdn Bhd and several properties in Australia and England by various developers.

There is also an exhibition of restored heritage buildings carried out by George Town World Heritage Inc at the Salon I function room of G Hotel.

A popular feature of the fair is the series of talks related to property, investment, financing, law, heritage and feng shui. They are being held daily at the stage area at the new wing of Gurney Plaza and in Salon III and IV at G Hotel.

Retiree Christine Teng, 51, said she was accompanying her husband to attend the feng shui talks yesterday to get the opinion of the feng shui experts on real estate properties.

?It?s just for our own knowledge, we may learn something useful,? she said.

Visitors also stand a chance to win prizes totalling RM30,000 in the Surf, Click & Win contest sponsored by IJM Land. Ten prizes are up for grabs daily, including a 32? Samsung LCD television, Acer Iconia Tabs, Samsung Galaxy Tabs and Parkson vouchers. To participate, simply cut out the ?Surf, Click & Win? coupon in The Star which will appear in the newspaper until Sunday.

There will also be daily cut-out coupons in The Star until Sunday for redemption of a mystery gift each at The Star circulation booth on the ground floor of Gurney Plaza?s new wing on a first-come-first-served basis.

Hong Leong Bank Bhd is sponsoring RM5,000 worth of mystery gifts.

SOURCE: The Star

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Senior citizens are among early birds checking out offerings

July 22nd, 2011 No comments

SHOPPING is made easier if you have many choices all in one place for ease of comparison and this is no different with house hunting.

?One of the best things about this property fair is that you get all the major developers under one roof,? said visitor Stella Goh in describing the Star Property Fair 2011 in Penang.

?I get to compare an array of new property launches, irresistible deals and great discounts,? she said.

Goh, 45, from Green Lane, was among the early birds at the four-day fair which opened at Gurney Plaza and G Hotel yesterday.

She was spotted browsing the real estate booths at Gurney Plaza minutes after the fair opened to the public at 10am.

Other early birds included retirees Michelle Ewe and Gwen Lim.

?We decided to come after reading about the fair in the newspapers.

?We are impressed by the layout of the exhibition which is both spacious and comfortable,? said the two friends who were looking at landed properties for investment.

Senior citizen Lew Yoon On, 71, and his wife Gooi Chai Meng, 68, also made it a point to be early.

?We want to look for a furnished condominium, such as IJM?s Pearl Regency, to stay because our semi-detached home on Lengkok Nunn, George Town, will soon be demolished to make way for three-storey bungalow lots.

?This is our sixth time visiting the Star Property Fair,? said Lew, adding that he found the information from the fair useful to make decisions on the property market.

Another early bird, who wished to be known as Kew, commented that prices of properties had increased notably as compared to last year.

?I normally make my purchases directly with developers but the fair gives me a good idea on opportunities available to investors,? said the 47-year-old factory manager whose previous investment included a landed property in Batu Maung some five years ago.

Early bird visitors also tried their luck in the ?Surf, Click & Win? contest sponsored by IJM Land, which offered RM30,000 worth of prizes.

Organised by Star Publications (M) Bhd in collaboration with Henry Butcher Malaysia Penang, the fair is open daily from 10am to 10pm at G Hotel and Gurney Plaza until Sunday. Admission is free.

SOURCE: The Star

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