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In the isle of dreams

July 6th, 2011 No comments

SURROUNDED by lush greenery and blooming aromatic flowers that is bound to capture an oasis of peace and serenity, the development of the Setia Pearl Island will definitely be many property buyers? cup of tea.

Dubbed the Island of Dreams, the project is akin to a tropical island of dreams with magnificent homes and well-designed landscapes, sprawling across 45.56ha (112.6 acres) of the former Pearl Island Country Club in Sungai Ara, Penang.

Property buyers would be spoilt for choice as the project is being touted for its six distinctive isles, namely, the Isle of Life, Isle of Aroma, Isle of Palm, Isle of Connifer, Isle of Discovery and Isle of Views, each with its own special characteristics and landscaping theme which would fulfil both the buyers? wants and needs.

Among the six isles, the Isle of Connifer ? featuring three-storey link houses, semi-detached homes and the four-storey villas, which is better known as the Pearl Villa ? stands out.

With only 35 units available, the Pearl Villa is the cream of the crop as it boasts a swimming pool as well as lift in the four-storey luxury villas.

With a built-up area of 6,577sq ft and a price range starting from RM2.98 million, the villa is definitely a master class development.

The Setia Pearl Island is in a perfect location as it is well located at the heart of modern conveniences linked to a network of roads, bridges and expressways.

The Tun Dr Lim Chong Eu Expressway, Penang Bridge and the upcoming second bridge link from Batu Maung to Batu Kawan will enable easy access to the four corners of the island and mainland.

Meanwhile, landmarks such as the Penang International Airport, Free Industrial Zone, Penang International Sports Arena, shopping complexes, colleges and many more are just a stone?s throw away from Setia Pearl Island.

Apart from that, the architectural design of the project emphasises a relaxing and comfortable lifestyle with green surroundings.

Also available for buyers are clubhouse facilities such as swimming pool, tennis court, ballroom, outdoor jacuzzi and many more.

Touted as Penang?s premier property expo, the fair?s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to July 24.

To date, 28 major developers ? representing almost all the big boys in the industry ? along with several financial institutions, have taken up booths in the fair.

The RM30,000 worth of prizes for the ?Surf, Click & Win? contest are sponsored by IJM Land.

The fair, which is open to the public from 10am to 10pm daily, is organised by The Star in collaboration with Henry Butcher Penang. Admission is free.

For enquiries, call 04-6473388 ext 3357 (Shirmein) or ext 3418 (Bessie).

SOURCE: The Star

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First-time house purchasers to get up to 105% financing

July 6th, 2011 No comments

Datuk Seri Najib Tun Razak launched the 1Malaysia People’s Housing Programme (PR1MA) for first-time buyers to own homes of up to 1,400sq ft.

The Prime Minister said depending on the location, the houses would be priced at between RM150,000 and RM300,000 while the minimum size would be 800sq ft.

He said that buyers, making up those who earn not more than RM6,000 a month, would enjoy financing of up to 105% from selected financial institutions.

“The additional 5% is for insurance and Sales and Purchase legal fees.”

“Also, the stamp duty is exempted as part of the Government’s initiative to lighten the people’s financial burden,” he said at the launch of the programme’s first phase at Precinct 11 here.

Najib said a special corporation, to be known as 1Malaysia Housing Programme Corporation, would be set up to plan and coordinate the programme.

The corporation would be placed under the Prime Minister’s Depart-ment and would be responsible for distributing the houses to eligible recipients.

“An Act governing the new corporation is being formulated and will be tabled in Parliament at the next sitting,” he said.

“It is hoped that this special corporation will propel PR1MA in line with the concept of 1Malaysia, People First, Performance Now,” he said, adding that the scheme was open to Malaysians, including the self-employed and those in the private sector.

Najib said a total of 42,000 houses would be built in 20 strategic locations in the Klang Valley, Rawang and Seremban with eight projects expected to commence this year.

The Government was also identifying locations in other major towns for the programme, he added.

Source: The Star

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Cabanna Court

July 5th, 2011 4 comments

Cabanna Court is located next to Emerald Park within the established township of Teluk Kumbar, Penang. This residential property development comprises 16 units 3-storey townhouse, 2 units 3-storey semi-detached and 1 unit 3-storey bungalow houses.

Property Project : Cabanna Court
Location : Teluk Kumbar, Penang
Property Type : 3-Storey Townhouse, Semi-detached & Bungalow
Tenure : Freehold
Total Units : 16 (Townhouse), 2 (Semi-detached), 1 (Bungalow)
Developer : Rich Entrepreneur
Indicative Price: RM 568,888 onwards

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Categories: Property News, Teluk Kumbar Tags:

Gated homes in Tanjung Bungah

July 5th, 2011 No comments

HOUSE buyers looking for distinct homes which are strategically located can check out BSG Property’s Permai Gardens at the four-day Star Property Fair 2011.

Strategically located in Tanjung Bungah with its plethora of amenities, Permai Gardens is conceptualised as a gated and guarded landed property.

The exclusive project by BSG Property, a proud division of Boon Siew Group, comes equipped with various advantages such as in-house club and its many facilities.

The project consists of 31 units of three-storey villas and 132 units of three-storey terrace houses, and buyers will get to enjoy their own swimming pool, gymnasium, clubhouse and state-of-the-art security system.

With such amenities available, one can actually save the hassle of driving out to the gym for regular workouts.

Some of the villas come with a full view of the pool and have their own private and instant access to the pool via the living room.

Located close to the Permai Linear Park, Permai Gardens will provide residents with a safe trail for walks, jogs and cycling.

Buyers will also get to enjoy the project?s prime location with access to malls like Gurney Plaza and Island Plaza as well as hypermarkets like Tesco and Cold Storage.

Within close proximity are institutions and recreational facilities like the Tenby International School, Tunku Abdul Rahman (TAR) College and the Penang Swimming Club. Residents will also be spoilt for choice with the various entertainment outlets, cafes, shopping, nightlife or just going for a stroll by the beach.

Permai Gardens terraces have a gross floor area from 3,200sq ft (297.2sq m) to 3,400sq ft (315.8sq m) while the villas cover an impressive 4,300sq ft (399.4sq m) to 5,400sq ft (501.6sq m).

Touted as Penang’s premier property expo, the fair?s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to 24.

To date, 28 major developers (representing almost all the big boys in the industry) along with several financial institutions, have taken up booths in the fair.

The RM30,000 worth of prizes for the “Surf, Click & Win” contest are sponsored by IJM Land.

The fair, to be open to the public from 10am to 10pm daily, is organised by The Star in collaboration with Henry Butcher Penang. Admission is free.

For enquiries, call 04-6473388 ext 3357 (Shirmein) or ext 3418 (Bessie).

SOURCE: The Star

Categories: Property News Tags:

Take the lead in building affordable homes, state urged

July 5th, 2011 No comments

THE state government should take the lead when it comes to building affordable housing.

This call was made by the Real Estate and Housing Developers’ Association (Rehda) Penang chapter chairman Datuk Jerry Chan (pic).

“Developers are not supermen. They alone cannot construct affordable homes.

“The cost of subsidy is borne initially by developers but ultimately such costs are passed on to buyers of non-subsidised property,” said Chan during a local government forum entitled ‘Affordable Housing A Possi-ble Dream?’ at the state Caring So-ciety Complex on Monday .

He said housing developers also had to pay income taxes just like those in other industries.

“Are we then to expect car manufacturers to build a certain stretch of road for every car sold?” he said in reference to the difficulty faced by deve-lopers in construc-ting affordable units in Penang.

He added that his members also had to contend with rising costs of materials and land.

“Now developers building low medium-cost units are also required to contribute towards building schools as part of the projects’ concessions,” he said.

Chan said the state government could do more in this context.

The state is able to provide land and has the right to build, reclaim, convert, degazette, collect contri-butions, impose charges, change policies and guidelines as well as enact new laws.

“The state government must also re- consider the requirement for additional structures imposed on developers such as being asked to erect hawker sites, schools or religious buildings.

“The private sector should not be asked to do what the (state) government is not prepared to,” he said.

To overcome the acute shortage of land in Penang, Chan suggested more reclamation, updating of planning guidelines and removal of redundant requirements.

State Local Government and Traf-fic Management Committee chairman Chow Kon Yeow who chaired the forum said the state noted the call for its greater involvement in providing affordable housing and would now be more involved instead of just providing guidelines.

“In the past, there were complaints that the Penang Development Corporation or other agencies were competing for higher-end development instead of providing affordable homes. I hope the setting up of the state Housing Board will help mobilise all resources to resolve the issue,” he said.

On availability of affordable housing, Chow said: “In southern Sebe-rang Prai, there are a lot of empty low-cost units. As such, it is important to study the needs of various locations to avoid a mismatch of supply and demand.”



SOURCE: The Star

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