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The masterpiece of BM Utama

Property News/ 6 July 2012 1 comment

DNP Land will launch its newest architectural gem — The Sentinelle Ville @ BM Utama, a luxurious collection of 66 three-storey semi-detached homes — at the Star Property Fair 2012 in Penang.

Its general manager K.C. Tan said the latest project was being launched in response to demand from purchasers for an ultra exclusive gated community within the BM Utama township.

“Being a neighbourhood development, we want to ensure that all the homes are owner-occupied.

“So we decided to create something unique for the discerning few instead of going for a mega undertaking,” he said.

He said the emphasis of the Sentinelle Ville was its spaciousness with a built-up area of 347.8sq m as compared to 232.3sq m for a standard semi-detached house.

Tan said there were premium security features such as CCTV surveillance, entry by access card and home alarm system.

He said the community clubhouse features a swimming pool, gymnasium, BBQ area, lounge with pantry and a multi-purpose function hall.

With a gross development value of RM70mil, Sentinelle Ville is set to become the masterpiece of BM Utama, he said, adding that prospective purchasers, who register their interest in the project during the fair, would receive privilege invitation for the official launching and enjoy early bird incentives.

Touted as the premier residential address in Bukit Mertajam, the sprawling BM Utama garden township development spans 36.4ha of freehold land in fast growing Bukit Minyak.

Comprising over 700 landed property, Phases I and II have been completed with OC issued while only limited units of Phase III, consisting double and three-storey link homes with modern architectural, are still available.

Phase IV is made up of The Sentinelle Ville together with the 32 double-storey link houses of Sere-noa. The latter also features a wi- der and longer built-up area of 198.3sq m.

Another high-end development by DNP Land is the 48.6ha Jesselton Hills located in Alma, Bukit Mertajam.

Over 80% of Phase I comprising semi-detached homes have been sold while Phase II consisting of super-link homes will be launched in the third quarter of this year.

Touted as Malaysia’s premier showcase for stylish living, the four-day extravaganza will be held at Gurney Plaza and the adjoining G Hotel from July 12 to July 15.

Organised by The Star for the 10th year, the fair will be open to the public from 10am to 10pm daily. Admission is free.

To date, 50 exhibitors, including financial institutions and investment companies, have confirmed their participation.

Among the major players are IJM Land, SP Setia Group, Mah Sing Properties, Sunway Berhad, Ivory Properties Group, DNP Land, BSG Property, Ideal Group, Bukit Kiara Properties, Andaman Property, Henry Butcher, KPWG International, Magna Putih, Province Valley and Tambun Indah Land.

This year’s new faces include Elite Forward, Sunrise Manner, Solid Tribute (Asia Green Group), GSD Land, Quantum Metro Development, Zetapark Development, East West One Consortium, PJD Eastern Land, Airmas Management, Property Talk, Avenue Properties and Popular Realty.

For contest buffs, three tablets and other attractive prizes will be won daily. IJM Land is the official sponsor for the contest while Hong Leong Bank is the sponsor for the talks and forums.

Source: The Star

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Plans for AWLU project to go ahead, says CM

Property News/ 6 July 2012 No comments

GEORGE TOWN: The Penang government will stand by its decision to acquire a 40ha plot of land for the construction of a higher education institution for women in Balik Pulau.

Chief Minister Lim Guan Eng said the Asian Women Leadership University (AWLU) had been offered alternative sites but the latter insisted on Kampung Genting.

“This university is unique and as its chief academic planning partner is the renown Smith College (USA), I believe that it will truly be an education centre of excellence, prehaps more famous than even Universiti Sains Malaysia.

“We have very high hopes for this project which will benefit the future generations,” he told a press conference here yesterday.

He said the land in question had been gazetted as an educational excellence hub but was not acquired by the state previously.

Lim also produced a copy of a letter dated June 12 from Minister in the Prime Minister’s Depart-ment Datuk Seri Idris Jala to the state government stating that the Education NKEA Steering Committee chaired by Deputy Prime Minister Tan Sri Muhyiddin Yassin approved AWLU.

“The letter states that Pemandu will facilitate the processes while licensing will be subjected to Ministry of Higher Education (MOHE) guidelines.

“We were also asked to enable the transfer of land to the AWLU Malaysian Foundation,” he said.

Lim, who met with some 40 landowners on Tuesday night, said they understood the need for the acquisition but wanted “good compensation”.

“The amount will be determined by the Valuation and Property Services Department which is under the Finance Ministry,” he said.

He said AWLU was a project suggested by the Federal Government and accepted by the state government in the interest of the people.

On Wednesday, Kampung Genting Village Development and Security Committee (JKKK) chairman Rosman Long led more than 50 people to protest against the state government’s land acquisition in front of Masjid Jamek Kampung Genting.

The landowners had received notices from the state secretary’s office on June 29 informing them about the land acquisition by the state for the construction of the AWLU.

Source: The Star

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MPPP chief clears the air

Property News/ 6 July 2012 No comments

PETALING JAYA: The Penang Island Municipal Council (MPPP) has had to approve 19 projects after 2008 because they were deemed as special projects “that could not be rejected” despite exceeding the 76m height limit.

MPPP president Patahiyah Ismail denied that she had contradicted ChiefMinister Lim Guan Eng on the controversial hillslope development issue.

“MPPP wishes to reaffirm that all projects carried out 76m above sea level were approved directly or as special projects before March 2008 by the previous state government.

“The Penang chief minister is correct in saying that the present state government has not approved any hill projects above 76m post 2008.

“For those 19 approvals after March 2008, planning approvals were based on the approval of Pelan Dasar Perancangan dan Kawalan MPPP by the State Planning Committee on Sept 13, 1996, and as special projects in accordance with State Structure Plan 2020, which could not be rejected on the basis that it exceeded the 76m height limit,” said Patahiyah in an email to The Star yesterday.

An article published in The Star yesterday pointed out that while Lim had claimed he had not approved a single project above 76m, Patahiyah had said that between April 2008 and May this year, a total of 19 such projects were approved.

She also pointed out that a claim by Penang resident Ong Eu Soon in the same article that a high-rise project in Air Itam was approved in 2009 and sitting well over 76m above sea level, was untrue.

She insisted that the Air Itam project was approved in 2005 and asserted that it was only 56m high.

The Star was quoting from documents handed out by MPPP during a press conference on June 6.

Source: The Star

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Luxury stands tall

Property News/ 5 July 2012 No comments

THE towering icon of luxury, Setia V Residences, is set to transform the Gurney Drive skyline and redefine urban living with its exclusive selection of spacious, luxury condos in the sky.

Nestled on one of the last remaining parcels of land along the fa-mous waterfront in Penang, the RM550mil project by SP Setia Bhd will feature two stylish towers of 48 and 43 storeys, housing 166 units with built-up areas from 241.5sq m (2,600 sq ft) to 650.3sq m (7,000 sq ft).

It is set to be the state’s tallest residential building.

Incorporating lush landscaping and water features, it is the epitome of modern luxury.

The company’s property north deputy general manager Khoo Teck Chong said units are priced from RM2.7mil onwards, and each comes with a sizable balcony and a dip pool.

“There will be an acre of facilities and amenities spreading over an 11-storey podium block.

“They include a sky deck and lounge, infinity pool, barbeque areas, sky gardens, gymnasium, double-volume badminton and squash courts, games room, community room, dance studio and sauna,” he said.

“One floor is dedicated for children, with indoor and outdoor playrooms, and wading pool.

“The development will also incorporate two existing heritage buildings, which will be preserved and refurbished,” he said in an interview.

Security is ensured with an integrated alarm and CCTV system, as well as card-only access at lobbies and lifts. The building’s foundations are also touted to able to withstand tsunamis and earthquake vibrations up to 6.8 on the Richter scale.

The renowned developer will also showcase the upcoming Setia Tri-Angle, an integrated lifestyle hub at the Setia Pearl Island enclave of Sungai Ara. A mixed residential and commercial development, it comprises 255 units of apartments and 34 units of retail/office space.

Residential units come in sizes ranging from 120.7sq m (1,300 sq ft) to 195sq m (2,100 sq ft), and priced between RM575,000 and RM1,012,000.

They have been well-received thus far, with nearly 80% of the non-bumi units sold since its recent launching. The two to four-storey retail shop lots have built-up areas ranging from 278sq m (3,000 sq ft) to 557.4sq m (6,000 sq ft), with price tags between RM1.95mil to RM3.6mil. The entire RM265mil project is set for completion in 2015.

Nearby, 35 units of Pearl Villas are currently being built on Setia Pearl Island’s last landed enclave.

Set on elevated ground, the three and a half-storey units afford gorgeous views of Bayan Lepas and Bayan Baru.

The units, each equipped with private pools and lifts, have built up areas of 603.8sq m (6,500 sq ft) and priced at RM2.98mil.

“We have designed it using the contemporary zero-lot concept, whereby the main structure is moved to one side, thus maximising space on the other,” he pointed out.

Over at Setia Greens in Sungai Ara, the terrace units have been fully sold out, with only bumiputra units left. The company is thus rolling up the second element of the phase, 18 semi-detached, three-storey units with built-up areas of 292.5sq m (3,149 sq ft) to 330sq m (3,553 sq ft).

“They will encircle a park with water feature. Open your back door, and a tranquil setting awaits you,” Khoo said of the units, priced at RM1.65mil.

During The Star Property Fair 2012, the company is offering its Setia Packages, which include developer interest-bearing, free legal fees and stamp duty on SPA and loan documents and 0% interest free instalment plan up to 36 months for Maybank credit card holders. This promotion is subject to terms and conditions.

For further enquiries, please call Setia Sales Gallery at 04-6412255.

Touted as Malaysia’s premier showcase for stylish living, the four-day extravaganza will be held at Gurney Plaza and the adjoining G Hotel from July 12 to July 15.

Organised by The Star for the 10th year, the fair will be open to the public from 10am to 10pm daily. Admission is free.

To date, 50 exhibitors, including financial institutions and investment companies, have confirmed their participation.

Among the major players are IJM Land, SP Setia Group, Mah Sing Properties, Sunway Berhad, Ivory Properties Group, DNP Land, BSG Property, Ideal Group, Bukit Kiara Properties, Andaman Property, Henry Butcher, KPWG International, Magna Putih, Province Valley and Tambun Indah Land.

This year’s new faces include Elite Forward, Sunrise Manner, Solid Tribute (Asia Green Group), GSD Land, Quantum Metro Deve-lopment, Zetapark Development, East West One Consortium, PJD Eastern Land, Airmas Management, Property Talk, Avenue Properties and Popular Realty.

For contest buffs, three tablets and other attractive prizes will be won daily.

IJM Land is the official sponsor for the contest while Hong Leong Bank is the sponsor for the talks and forums.

Source: The Star

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The Macalister

George Town/ 4 July 2012 12 comments

The Macalister, a 42-storey luxury condominium with 33 units of  residential units. It is located along Jalan Macalister in Georgetown, Penang.

More information to be available upon launching.

Property Project : The Macalister
Location : Macalister Road, Georgetown, Penang
Property Type : Luxury Condominium
Total Units: 33
Developer : Jetson Development

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