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

DEVELOPERS in Penang should participate in building affordable housing and adding green spaces.

Chief Minister Lim Guan Eng said when the state requested developers to build affordable housing, it was doing so with moral authority.

?As the sustained demand for property in Penang is indicative of its buoyant economy, we want to ensure that those not in the top earning bracket can also own property.

?To be an international city and a habitat of choice, Penang must have affordable housing,? he said.

?You cannot just be a city for the movers and shakers. It must be a city for all,? he said in a dialogue with the panellists of the Star Property Fair 2011 Roundtable talk held at the Star Northern Hub yesterday.

The state government is building affordable housing units on a 60.7ha site in Batu Kawan, priced from RM72,000 to RM220,000.

?We have established the Penang Housing Board not just to regulate and monitor housing matters in the state, but also to ensure a planned setting for affordable housing that includes green features,? Lim said.

The panellists who participated in the dialogue included DNP Land Sdn Bhd (northern region) general manager K.C. Tan, IJM Properties Sdn Bhd general manager (north) Toh Chin Leong, Ivory Properties Group Bhd deputy chairman and executive director Datuk Seri Nazir Ariff, Lone Pine Group of Companies general manager Mabel Ooi, SP Setia Bhd (north) general manager S. Rajoo, Mah Sing Group Bhd general manager (northern region) Low Eng Hooi, Sunway City Bhd general manager Tan Hun Beng, Henry Butcher Malaysia (Penang) Sdn Bhd director Dr Teoh Poh Huat, and Real Estate Housing Developers Association (Penang) chairman Datuk Jerry Chan.

The roundtable talk was moderated by Star Publications (M) Bhd regional manager (operations) Chung Chok Yin.

Lim said he wanted to leave a legacy as a chief minister who created pockets of green space on the island.

On the rise of land prices in Penang, he said the people?s con-fidence in Penang was one of the reasons for property prices rising.

?Confidence, which is intangible, is even more important than economic numbers.

?There is also the feel-good factor, experienced by the locals and those who live outside Penang,? he said.

?That is why they are willing to invest in Penang,? he added.

Lim said that last year, the total value of property transacted increased to RM3.6bil, up by 36% from RM2.6bil in 2009.

?There was a 57% growth of pro-perty purchased by foreigners from RM96mil in 2009 to RM151mil last year,? he said.

Meanwhile, Star Publications (M) Bhd executive director Tan Sri Kamal Hashim said the Star Pro-perty Fair, which started in 2002, had been growing.

?We started organising the event at the Penang International Sports Arena and since then it has grown larger.

?This year we have 24 booths at the G Hotel and 20 booths at Gurney Plaza, with a total of 34 exhibitors,? he said.

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

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

SOURCE: The Star