Orange Villa is a gated and guarded development, a prime residential enclave beckons with its 124 units of terraces, 16 semi-detached and two bungalows. This housing scheme is located just off the ever bustling Jalan Song Ban Kheng, Bukit Mertajam.  Within walking distance to schools and other public amenities, and a mere minute drives to Auto City and Penang Bridge.

Residents also have the assurance of peace of mind with the round the clock security besides reveling in clubhouse facilities such as swimming and wading pools, gymnasium, sauna, exercise corner, BBQ area, meeting room, jogging path and Jacuzzi.

3-storey Terrace

• Width: 22 feets
• Built-up Area: 3,770 sq.ft. onwards
• No. of Rooms: 5+1
• Roof Top Garden
• Indicative Price: RM 548,800 onwards

3-storey Semi-Detached

• Built-up Area: 3,915 sq.ft.
• No. of Rooms: 5+1
• Roof Top Garden
• Indicative Price: RM 693,800 onwards

Project Name: Orange Villa
Location : Bukit Mertajam, Penang
Property Type : 3-Storey Terrace & Semi-Detached
Other Phases: Orange Villa 2
Developer : Tah Wah Land

Contributed by @AhTu (17/2/2012)

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Contributed by  @Orange Juice (26/3/2012)

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GEORGE TOWN: The Penang Municipal Council (MPPP) has officially re-zoned four localities on the island from residential to commercial status.

Penang Municipal Council (MPPP) planning committee alternate chairman Felix Ooi Keat Hin said that be- tween 2009 and last year, MPPP had completed its study on the re-zoning of Gurney Drive, Jalan Kelawai, Jalan Masjid Negeri and Jalan Bagan Jer- mal from residential to commercial status.

The re-zoning applies for the whole stretch of Gurney Drive, Jalan Kelawai and Jalan Masjid Negeri while for Jalan Bagan Jermal, it is from the junction of Jalan Burma to Jalan Kelawai.

He added that the re-zoning exer- cise was due to the rapid development in the respective areas where there was growing demand for commercial activities.

“House owners, who wish to conduct business on their premises there, have to apply for the licencing changes from the council.

“However, those who want to maintain their premises for residential use need not apply,” he said when contacted yesterday.

Ooi said the council was also processing the application of planning permission and to change the status of the Bali Hai seafood restaurant from residential to commercial use.

Source: The Star

Orange Avenue comprising 61 units of three-storey shop offices promises a fascinating selection of dining, entertainment and retail possibilities. Strategically situated in Bagan Ajam, Butterworth, the development is framed by thriving neighbourhoods and come with contemporary architectural design, high ceiling and four private parking bays per unit as well as ample public parking lots.

Orange Avenue is also much sought after for its easy accessibility and the convenience of being surrounded by public amenities such as schools, wet markets and banks.

The same area will also see the development of a vibrant commercial precinct that will house a hypermarket and lifestyle mall to be undertaken by Tah Wah.

Project Name: Orange Avenue
Location : Bagan Ajam, Butterworth, Penang
Property Type : 3-Storey Shop Office
Total Units: 61
Developer : Tah Wah Land
Contact Number : 012-486 7898 / 012-502 7898 / 04-323 8688 / 04-331 4388

Kuala Lumpur: The Securities Commission (SC) has ruled that Sime Darby Bhd does not have to make a general offer (GO) for the shares in Eastern & Oriental Bhd (E&O), which it does not own.

Trading in Sime and E&O shares were halted in the first half of trading yesterday to facilitate the announcement.

Before noon, Sime issued a statement to Bursa Malaysia on the SC decision.

"Sime does not have to make a general offer for E&O shares as it is the SC's findings that Sime Darby and Datuk Terry Tham are not parties acting in concert, and as such a mandatory offer obligation would not arise," Sime said in a statement to the stock exchange.

In the afternoon session of trade, Sime rose as much as 28 sen before ending the trading day 10 sen higher at RM8.50 a share.

The anticipated selldown on E&O shares, however. did not materialise, as investors took a bet that a rival bid for the Penang property developer may emerge in the coming weeks.

Last month, ECM Libra Financial Group Bhd had attempted to place two of its nominees on the board of E&O, but shareholders rejected the bid at the company's annual general meeting.

ECM owns about 6.5 per cent of E&O, which has been in centre- stage in recent months following Sime's purchase of a 30 per cent stake in E&O for RM2.30 a share.

Sime bought the shares at a 60 per cent premium to the open market value of the shares in a deal valued at RM766 million from Tham, Singapore's G.K. Goh Holdings Ltd and Tan Sri Wan Azmi Wan Hamzah.

E&O shares closed unchanged at RM1.36whereby it rose to as high of RM1.40 a share yesterday.

Meanwhile, in a separate statement, the SC said in the course of the review, parties involved in the transaction were interviewed and relevant documents procured.

The review included an assessment of possible concert party relationships between and amongst the parties involved.

"Having analysed all the evidence gathered, it is the SC's finding that the acquisition of the 30 per cent equity interest in E&O by Sime had not given rise to a mandatory offer obligation under the Malaysian Code on Takeovers and Mergers 2010," the requlator said in a statement.

The SC said the review was led by senior independent commission members Datuk Francis Tan and Datuk Gumuri Hussain.

SOURCE: Business Times

Orchardia is a new residential development located along Jalan Balik Pulau, within the established township of Balik Pulau, Penang. This development comprises 95 units of 3-storey terrace and 4 units of 3-storey semi-detached houses.

Property Project : Orchardia
Location : Balik Pulau, Penang
Property Type : 3-Storey Terrace & Semi-D
Tenure : Freehold
Total Units : 95 (3-storey terrace), 4 (3-storey semi-d)
Developer : Malvest Development
Contact No.: 04-642 3333