MTT Properties and Development Sdn Bhd is launching its first batch of luxurious homes in Balik Pulau, Penang, in the fourth quarter.

MTT group general manager Jason Tan said the luxurious home, comprising 29 hillside three-storey villas, would be priced above RM3mil.

?These will be the most expensive homes to be built in Balik Pulau,? he said of the 29 villas that form Phase 4 of the Botanica.CT garden township project located on a 121ha (300acre) site.

He said they have already received many enquiries fromthe local and foreign market for the villas which come in seven designs, each with a built-up area of 6,000sq ft and with land areas ranging from 9,000sq ft to 16,000sq ft.

?Each villa comes with five bedrooms and a large car porch, and all the units are equipped with swimming pools, water features, lanai, pool deck, Jacuzzi, and cabana,? Tan said.

He said MTT is also targeting to launch 80 units of townhouses with a built-up area of about 1,000sq ft, under Phase 5 of the Botanica.CT project, which are expected to be priced around RM300,000 in 2012.

?We are also building over 120 units of terrace and semi-detached units for Phase 5. The prices have yet to be fixed,? he said.

To enhance the attraction of the Botanica.CT project, Tan said MTT recently completed the construction of its Prince of Wales Island International School within the scheme, which would open its doors to students in September and have a British-based curriculum.

On the properties that will be showcased at the forthcoming Star Property Fair 2011, Tan said MTT had sold about 60% of the 103 units of terrace and semi-detached properties which form Phase 3 of the Botanica.CT project.

The properties, with built-up areas ranging between 2,500sq ft and 3,500sq ft, are priced between RM620,000 and RM1.2mil.

?We have completed the construction of the 103 units, and the certificate of fitness is expected to be released in September,? he said.

The ninth Star Property Fair 2011 in Penang will be held at Gurney Plaza and the adjoining G Hotel from July 21 to 24.

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

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 fair will also see RM30,000 worth of prizes to be won for the ?Surf, Click & Win? contest, sponsored by IJM Land.

SOURCE: The Star

THE Meridien Residence in Penang offers much needed relief for those looking for a sanctuary away from the hustle and bustle of modern living.

Under Reka Indah Development, the Meridien Residence was designed with a low-density concept ? 160 units only.

Located in Sungai Ara, the project consists of a 30-storey single exclusive block.

Every unit, which range from 1,260sq ft to 1,916sq ft, features an open air concept balcony to let in the breezy air and natural light.

The all-inclusive tower offers residents full condo facilities such as an infinity pool, indoor gymnasium, community hall, jogging track and more.

All units also come with two covered parking spaces.

Buyers can also check out the landed three-storey semi-detached houses ? only four units available. Each features a porch that can accommodate three cars.

The houses have a spacious built-up area of 3,911sq ft and are built on a 35ft by 85ft land area. A passenger lift is also installed in each unit.

The Meridien Residence is situated near Setia Pearl Golf & Country Club and is mere minutes away from the Penang Bridge, township of Bayan Baru and the Penang Interna-tional Airport.

Another upcoming project of Reka Indah Development is Boulevard Condominium in Air Itam. It consists of two towers of 37 and 38 storeys. The built-up area of the condo units ranges from 936sq ft to 2,325sq ft.

Located at the junction of Lorong Batu Lanchang and Lebuhraya Thean Teik, the condominium is just 10 minutes? drive from the Penang Bridge and Tesco Hypermarket, 15 minutes? drive to George Town and 25 minutes? drive from the Penang International Airport.

Condominium residents can use a list of facilities including an infinity pool, Jacuzzi, indoor gymnasium, centralised Astro signal and two covered car parks.

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 will be open to the public from 10am to 10pm daily, is organised by The Star in collaboration with Henry Butcher Malaysia (Penang) Sdn Bhd. Admission is free.

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

SOURCE: The Star

Pavilion Resort, a 22-storey condominium located at Teluk Kumbar, South East of Penang Island. Five minutes from Penang International Airport and 2 minutes away from 2nd Penang Bridge Link to mainland.

A modern architectural designed concept condominium with facilities for new lifestyle. Providing with each units a panoramic view of the natural environment, city and breathtaking sea view.

Designed architecture from entrance guard house to double volume grand lobby  and conceptual waiting area offer a soothing sense of inviting arrival. Complete facilities for today’s life style all under one roof.

Location : Teluk Kumbar, Penang
Property Type : Condominium
Land Tenure : Freehold
Total Units: 99
Built-up Area: 1,477 sq.ft. onwards
Indicative Price: RM320/sq.ft. onwards
Developer : Tropical Hill

Prime location: Teh showing the project models of Fiera Vista Condominium at his office at Krystal Point Corporate Park.

IF you are looking for an ideal home which promotes healthy living, then check out the Fiera Vista Condominium at the coming Star Property Fair 2011.

The latest project by Ideal Homes Properties Sdn Bhd located along Jalan Tun Dr Awang in Bayan Lepas, Fiera Vista boasts of having comprehensive sports and re- creational facilities to complement an energetic and healthy lifestyle.

Its sales and marketing manager Teh Yeow Jin said besides a swimming pool, jacuzzi, half basketball court and children’s playground, other facilities available include rock climbing, badminton court and a gym.

“This is a testimony of our commitment to providing a healthy living environment for residents investing in our project,” he said.

Teh said each of the 470 units features a semi-detached and bungalow concept, with two types of built-up area of 1,450 sq ft (135 sq m) and 1,650 sq ft (153 sq m).

He said each unit with a starting price of RM478,000, was deemed affordable, considering the pro-ject’s prime location which is close to the bustling Bayan Baru township.

“The four blocks of buildings are 16-storey high each and they are located amidst greenery to invoke a sense of peace and calm without compromising on current lifestyles,” he added.

Construction for the freehold residential project is scheduled to start end of the year.

Teh said the project was open for registration during the four-day property fair, adding that they had received thousands of enquiries for the project. For details, call 04-6456888.

He said besides Fiera Vista, limited units of 1-World and 1-World 2 would also be put up for sale during the fair.

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 pri- zes for the ‘Surf, Click & Win’ contest are sponsored by IJM Land.

The fair, to be open to the pu-blic 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

FIVE new industrial sectors have been identified by investPenang for Penang to take advantage of the opportunities in the knowledge-based economy.

They are information communications technology (ICT) for software engineering and creative multimedia, light-emitting diode (LED) lights industry, the medical devices, aerospace and solar/photovoltaic industries.

Speaking to young entrepreneurs from the Associated Chinese Cham-bers of Commerce and Industries Malaysia (ACCCIM) recently, investPenang executive chairman Datuk Lee Kah Choon said the areas have the potential to drive Penang forward in the globalised era where there is stiff competition for highly skilled labour, technology and capital.

With the proposal to establish a Multimedia Super Corridor (MSC)-status cyber city in Bertam and Batu Kawan, coupled with the state’s ability to attract RM12.2bil worth of investments last year, the move to position Penang well for the knowledge-economy was steadily progressing, Lee said.

“Our values as a top destination for investments are having the right people, the right costs and creating the right business environment,” he said when delivering a talk on ‘Emerging Sectors in the Penang Manufacturing Indus-try.’

Earlier, ACCCIM president Tan Sri William Cheng said it was important that young entrepreneurs understood how the global markets functioned which would help them in their business.

Property consultant Michael Geh, who is the Raine & Horne Inter-national senior partner, said a thri-ving tourism sector boosted with a growing manufacturing industry has fuelled the real estate market in Penang.

He noticed that young entrepreneurs had begun to invest in the mid-to-high end residential and commercial property in the past two years in Penang.

“With the state’s economy performing better, the demand for houses has increased and because the state is also a top tourist destination, Penang has attracted many foreign property buyers under the Malaysia My 2nd Home programme too,” he said.

The ACCCIM represents some 20,000 Chinese companies and trade associations in the coun- try.

SOURCE: The Star