UPCOMING: Gurney Drive / Sunrise Towers Sdn. Bhd.

January 10th, 2018 1 comment

proposed-development-sunrise-tower

A newly proposed development by Sunrise Towers Sdn. Bhd. on a half-acre land at Gurney Drive in George Town. It is strategically located close to Gurney Drive Roundabout, adjacent to the famous Gurney Drive Hawker Centre. The land is currently occupied by a 40-year-old 18-storey condominium – Sunrise Tower. It was one of the tallest buildings in Penang, and also one of the earliest condominiums in the state.

This development will see the construction (or to be refurbished?) of a 20-storey commercial building, featuring 165 units of office suites with 6-level automated car parking bays.

The project is still pending for approval, more details are only available at later stage.

Project Name : (to be confirmed)
Location : Gurney Drive
Property Type : Commercial / Office suites
Tenure: Freehold
Built-up Size: (to be confirmed)
Total Units : 165 (office suite)
Indicative Price : (to be confirmed)
Developer :  Sunrise Towers 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

 

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement, unless stated otherwise. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

Forms for government housing schemes are FREE OF CHARGE

January 7th, 2018 No comments

affordable-housing-penangAbout 40 people claimed to have been cheated by irresponsible parties over the purchase of People’s Housing Project (PPR) units, said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar.

He said the victims claimed to have purchased application forms from third parties at the price of between RM5,000 and RM10,000 each, with losses amounting to RM250,000.

“These people have come to see the KPKT (Urban Wellbeing, Housing and Local Government Ministry) to lodge their complaints. They said that the persons who sold the forms had promised they would be able to purchase the PPR houses as they (scammers) claimed that they knew people from higher up.

“The KPKT has also conducted (background) checks on these complainants. Most of them are not eligible to apply as they do not meet the requirements, and some are not listed because they have not submitted (certain) forms to the ministry,” he told reporters after officiating the Natural Heritage Sustainability Programme at Kampung Sungai Sireh here today.

Noh said in fact, all forms for the government housing assistance schemes are given free-of-charge.

Please take note that all forms for Penang government housing schemes are FREE OF CHARGE too!

Source: Bernama

 

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Penang receives approvals for two reports on reclamation project

January 4th, 2018 1 comment

penang-south-reclamation

Penang has received approvals for two technical reports for the proposed Penang South Reclamation (PSR) project, which will involve building three islands.

State Local Goverment Committee chairman Chow Kon Yeow said the Marine Department approved the Marine Risk Analysis report last Thursday.

He said the report was related to safety issues of the waterways where the PSR project would be developed.

He said the Drainage and Irrigation Department had, on July 18, last year, given approval for the Hydraulics Study, which covered the engineering aspect of the reclamation.

“We are still awaiting approvals for reports on social impact assessment, fisheries impact assessment and traffic impact assessment,” he said, adding that the reports were supporting documents for the overall Environmental Impact Assessment.

Speaking to newsmen in Komtar here today, Chow reiterated that the state government would not start work on the reclamation project without obtaining the approvals.

The PSR project, designed to fund the state’s milti-billion ringgit Penang Transport Master Plan, includes the creation of the three islands at Permatang Damar Laut.

The islands will have a size of 809ha, 526ha and 323ha each.

Source: New Straits Times

 

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UPCOMING: George Town / Cristal Lagoon Sdn. Bhd.

January 3rd, 2018 2 comments

upcoming-georgetown-cristal-lagoon

A proposed commercial development by Cristal Lagoon Sdn. Bhd. in the heart of George Town. Strategically at the intersection of Penang Road and Burma Road, right next to KOMTAR. This development will see the constuction of a 43-storey commercial buidling, featuring a mix of hotel, serviced residence, and commercial space:

  • Hotel (286 rooms)
  • Serviced residence (96 units)
  • Commercial space (12 units)

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

Project Name : (to be confirmed)
Location : George Town
Property Type : Commercial development
Tenure: (to be confirmed)
Built-up Size: (to be confirmed)
Total Units : 286 (hotel room), 96 (serviced residence), 12 (commercial space)
Indicative Price : (to be confirmed)
Developer :  Cristal Lagoon 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:

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Traffic
Bicycling
Transit

 

Top 5 most read property news in 2017

December 30th, 2017 No comments

top-5-news

Now that you have known the most popular projects in 2017, I believed you would be interested to know what are the most read news that atttracted Penangites throughout the year of 2017.

The most exciting news in 2017 is the work on the alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul. This article was read more than 21,100 times since it was published in January 2017. The next in line was none other than the article confirming IKEA Penang is opening in 2019 with a job opportunity for Penang Store Manager surfaced in early 2017.

Read more about the top 5 articles below:

penang-home-price#5 – More RM150,000 homes to be built in Penang

More lower-priced affordable homes await first-time buyers on Penang Island as more developers are willing to build RM150,000 apartments on the island, ever since the state government’s lowering of maximum prices in one category last year. State executive councillor in charge of housing Jagdeep Singh Deo said in August that the state government has so far approved three projects in the RM150,000 category for 750 sq ft (minus finishing) homes.

PTMP-bw#4 – RM17 billion approved for Bayan Lepas LRT and Pan Island Link 1

Penang government announced in June that a sum of RM17 billion from an estimated total cost of RM46 billion for the Penang Transport Master Plan (PTMP) project has been approved. State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the RM17 billion cost included the Bayan Lepas Light Rail Transit (LRT) from Komtar and the Pan Island Link 1.

Land transacted at more than RM10mil in 2016/2017

#3 – How much do you think land costs in Penang?

Land is the most important asset to a property developer as it enables the developer to sustain and grow its business. We have solicited some actual data from reliable sources (mostly from NAPIC) for land transacted in 2016/2017. Hopefully this will shed some lights for those who has been very curious on land prices in Penang. For those who own a land or any landed property in those areas, you can do a quick math to figure out how much your property is worth now.

ikea-penang#2 – IKEA Penang is really coming!

IKEA Penang being the forth IKEA store in Malaysia and the second one outside of Klang Valley after Johor Bahru. Prior to this announcement, many are still in doubt of whether the plan will really kick-off. With a job opening for Penang Store Manager surfaced in early 2017, this has further confirmed the opening of IKEA in 2019.

new-route-hill#1 – New route through the hills

Work on the alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul in Penang is progressing on schedule. The construction of 6km-long paired road via Jalan Bukit Kukus has began on Jan 15, 2016 and is slated to be completed on Jan 14, 2019. It comprises a dual carriageway with a bicycle lane, walkway and LED street lights along the whole stretch.

 

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