A SEMINAR on the Strata Management Bill 2012 as well as the Strata Titles (Amendment) Act 2012 will be held at Auditorium C and F, Level 5, Komtar, from 10am to 4pm on Jan 13.

Komtar assemblyman Ng Wei Aik said many people were unaware of the new bill’s contents, including how to handle strata management disputes.

“The bill provides better protection for property owners. It is important that they know their rights,” he said at a press conference.

He said lawyer Lee Khai would talk on the application of the Strata Management Bill while licensed land surveyor Chuang Kuang Han would talk on Strata Titles Application and Problematic Cases.

Registration fee is RM30 per person which includes buffet lunch and lecture notes.

The public, including management corporations, joint management bodies and residents associations are invited to attend.

For more details, contact Ng’s service centre at 04-2270215/017-4108914/012-4290163, fax 04-2278215 or e-mail dapkomtar308@gmail.com before Jan 8.

Source: The Star

Permatang Tinggi Light Industrial Park, located within the vicinity of Impiana Commercial Hub in Alma, Bukit Mertajam. This development comprises 2-storey semi-detached and detached light industrial factories with built-up area ranging from 5,503 sq.ft. onwards. Each unit comes with modern facade and large glass windows which are ideal for displays purposes.

storey Detached
Land Area: 12,000 sq. ft. and above
Built Up Area: 6,562 sq. ft.
Factory Building Size: 50 ft. x 100 ft.

2-storey Semi-detached
Land Area: 9,000 sq. ft. and above
Built Up Area: 5,503 sq. ft.
Factory Building Size: 50 ft. x 80 ft.

Property Project : Permatang Tinggi Light Industrial Park
Location : Permatang Tinggi, Penang
Property Type : Industrial factory
Tenure : Freehold
Indicative Price: RM 1,488,000 onwards
Contact No: 017-562 4899 / 017-479 5899
Developer : DSG Development Sdn. Bhd.

Location Map:

Progress update by developer – 19/04/2014

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Progress update by developer – 03/05/2014

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Progress update by developer – 31/05/2014

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Progress update by developer – 10/07/2014

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Progress update by developer – 12/09/2014

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Progress update by developer – 05/03/2015

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PETALING JAYA: Kumpulan Jetson Bhd has announced that the heads of agreement between its unit Jetson Development Sdn Bhd and Fortress Effect Sdn Bhd for the joint development of a luxury residential development project in Penang, to be known as “The Macalister,” had been mutually terminated.

“Upon the mutual termination, neither party shall have any claims against the other whatsoever,” Kumpulan Jetson said in a note to Bursa Malaysia yesterday.

“The mutual termination is not expected to have any material effect on the earnings, net asset and gearing of Jetson and the group for the financial year ending Dec 31,” it added.

According to reports, the project was slated to be developed on three pieces of freehold land in George Town, Penang.

China-based Everbright International Engineering Sdn Bhd was initially appointed the designated contractor to undertake the construction and completion of the project on a joint-venture basis.

Kumpulan Jetson’s entitlement under the proposed joint development was to be 30% of the gross development value, with Fortress Effect taking the remaining 70% stake.

Source: The Star

GEORGE TOWN: The property market in Penang is likely to see sustainable growth of between five and 10 per cent next year, says Real Estate and Housing Developers’ Association Malaysia (Rehda) Penang.

Chairman Datuk Jerry Chan Fook Sing, said the market here will be driven by continuous business activities and the flow of foreign investments into the state.

He said property market in Penang will remain bullish amid rising demand for houses due to the increase in jobs as an impact from foreign investments as well as growing population.

“The population projection for Penang is two million by 2020, therefore more houses are needed. Some 12,000 houses are expected to be built yearly until 2020,” Chan told a media briefing here yesterday.

Chan said property transactions in Penang for next year are likely to slow down amid cautious buying ahead of the 13th general elections.

“However, prices are unlikely to adjust downwards due to rising land and construction material costs,” he said.

He said the house prices are unlikely to decline amid high land prices and high construction material costs, adding that land prices are likely to rise in the future.

Chan said demand for property will remain bullish as interest rates are likely to stay low despite Bank Negara Malaysia’s tightening of housing loan rules. Bernama

Source: Business Times

PENANGITES, especially those from Air Itam and Bandar Baru Air Itam, now have a new hangout place — All Seasons Place lifestyle strip mall.

This new hip place, with renowned food and beverage (F & B) retail outlets and other shops, is located in Lebuhraya Thean Teik.

The mall with a net leasable area of 240,000sq ft by Belleview Group has been receiving overwhelming response since opening on Dec 1.

Belleview Group retail and commercial division senior manager Lee Beng Beng said the outdoor car park with about 300 bays was full every evening.

“We have since opened the indoor car park with an addition of about 200 bays.

“Some 30 tenants have started operating,” he said during the mall’s soft launch at the PappaRich food outlet at the mall last week.

The anchor tenant is the biggest Giant Superstore in Penang, taking up 45,000sq ft.

International and local food outlets include PappaRich, James Foo & Family Western Food, Sushi King, Subway, Tang Bo Fu Dessert, I-Cup, Shihlin Taiwan Street Snacks, Fruuze Frozen Yogurt, Taiwan Famous Food, Easyway Food and Beverages, Fa Guo Shan Dessert, Roti Bakar, Each-A-Cup,Ice Happy Food and Aik Soon Tang Herbal Jelly.

Other outlets include Digi, Guardian, Celcom Blue Cube, Georgetown Pharmacy, eSaver Optical, Optimal Optics, Belleview Gallery, Teong Locksmith and Berkath Money Changer.

Women looking for some beauty treatment can head over to Step In Beauty, Nailicious Nails & Spa Saloon, Dejoyce Beauty and Hair Story International.

There are also four junior anchor tenants — Absolute Fitness, Wow Karaoke Box, Brewball and Mr DIY — scheduled to open before Chinese New Year.

“We have a good mix of families and youngsters visiting the mall and with the concentration on F&B, we manage to pull in a huge crowd,” Lee said.

He added that the company was aimed at bringing a new lifestyle to the area.

“We hope to bring something new to the community here so they will not need to leave Bandar Baru Air Itam and Air Itam for food and entertainment,” he said.

Lee said they were also particular about maintaining a balanced mix of tenants to offer visitors a better experience.

“We own all three floors with 120 units. As we own the property, we are able to manage it in-house to make the mall more relevant for the people,” he said.

Another unique feature of the mall is the glowing and LED colour-changing courtyard in the centre of the strip mall.

The five-storey cascading waterfall and fountain feature pool are also attractions drawing in the crowd at the mall.

Also present at the launch was Belleview Group managing director Datuk Sonny Ho who said the strip mall was designed by renowned Australian architecture firm Cottee Parker Architects.

All Seasons Place is the 500,000sq ft commercial component of a mixed development project.

All Seasons Park has four condominium towers with over 800 residential units and is scheduled for completion next year.

Source: The Star