Southbay Plaza, sitting on arguably the most accessible location in Penang, Southbay Plaza boasts access via sea, land and air:

• Close proximity to Penang Bridge
• The Second Link Bridge which is due for completion in 2013
• The Bayan Lepas Expressway leading towards Georgetown
• A short drive from the Penang International Airport
• Rapid Penang transport service route
• To be linked via a future network of water taxis along the Penang Strait

Featuring a modern design expression within Southbay City, Southbay Plaza offers a stunning balance between prime location, lifestyle amenities and luxurious living spaces. It is an absolute gorgeous landmark with two majestic towers, perfect for the classiest and is currently the most architecturally distinct high-rise building in Batu Maung.

Lifestyle Retail
Southbay Plaza’s lifestyle retail shops combine a rich business & retail experience with one of the most diversified, colourful & vibrant lifestyles in Penang.

• Glass façade offers a dazzling array of reflections
• Building’s transparent skin allows a soulful play between interior and exterior spaces
• Pleasant overall façade transformation from day to night
• Interior spaces without interrupting columns
• Variety of layouts affording flexibility of self-expression

1-storey retail shop : Indicative 1,200sf to 1,500sf
2-storey retail shop : Indicative 2,800sf to 3,200sf
3-storey retail shop : Indicative 4,500sf to 14,000sf

Residential Suites
The residences at Southbay Plaza set a new standard for sustainable luxury real estate in Batu Maung by blending luxury amenities and life-enchancing benefits.

• Elegant suites blend luxury amenities and life-enhancing benefits
• Rising 30 storeys with a modern glass facade
• Breathtaking views of the sea, Penang Bridge and the new Second Link, the city and the Penang International Airport
• Large balconies for stunning panoramic vistas
• Green features to promote a healthy lifestyle
• High ceilings add architectural grace notes to these homes

• Type A (2 bedroom) : Indicative 1,030sf
• Type B (1+1 bedrooms) : Indicative 1,030sf
• Type C (2 bedrooms) : Indicative 1,145sf
• Type D (3 bedrooms) : Indicative 1,610sf (Duplex)
• Type E (3+1 bedrooms) : Indicative 1,620sf (Duplex)
• Type F (2 bedrooms) : Indicative 1,325sf
• Type G (3+1 bedrooms) : Indicative 1,625sf
• Type H (3+1 bedrooms) : Indicative 1,635sf

Property Project: Southbay Plaza
Location : Southbay City, Bayan Lepas/Batu Maung, Penang
Property Type : Retail & Serviced Residence
Built-up Area: 1,030 sq.ft. onwards
Land Tenure : Freehold
Developer : Mah Sing Group
Indicative Price : RM600,000 onwards

1 Tanjong, a luxurious supercondominium is located a long the coastline beach of Tanjung Bungah at the former Tanjung Country Club site, and just next to the Penang Swimming Club. The iconic development comprises two blocks of 41 storeys with a total of 147 unites.

Property Name : 1 Tanjong
Location : Tanjung Bungah, Penang
Property Type : Luxury Condominium
Built-up Area: 4,760 sq.ft. onwards
Developer : Lone Pine Group

Seafront landed homes in Penang are no longer available… until now.

Landed homes are rare in Penang, and if you are looking for one that is nestled by a beachfront, it’s close to impossible. That is why Sunway Aspera is such a valuable investment, a home that rewards you with front row seats to one of Penang’s most pristine beaches. Enjoy leisure seaside strolls, wake up to the sound of rhythmic sea waves, Sunway Aspera’s quaint neighbourhood setting breathes a laid back lifestyle that you will look forward coming to everyday.

It is understandable that a property blessed with such geographical asset is limited, which makes it even rarer. Don’t miss out on a contemporary home sited on a serene shore.

• Sea-front development
• Seperate wet and dry kitchens
• Spacious master bedroom with walk-in wardrobe
• 2 master bedrooms
• Dedicated family/study area.

Location : Sungai Batu, Penang
Property Type : 3-Storey Terrace
Developer : Sunway City
Contact Number : 04-643 9898

KUALA LUMPUR: A total of 342,179 property transactions worth RM96.77bil were recorded between January and November last year, which means the full year’s transactions could reach the RM100bil mark, said Knight Frank Malaysia managing director Eric Ooi.

Ooi was commenting on figures provided by the Valuation & Property Services Department director general Datuk Abdullah Thalith Md Thani at the Property Market Outlook for 2011 yesterday.

“This is the first time transactions value has reached this figure,” said Ooi at the event organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia.

In light of this, and considering Malaysians penchant for property investments, Ooi said it was unlikely that property values would fall. It may not rise as much as it did last year, but the uptrend is there.

Ooi, together with Henry Butcher chief operating officer Tang Chee Meng, said property value rose between 30% and 40% last year.

“This is the first time property went up so much,” Tang said, adding that he had never seen such record growth for the property market in 30 years.

“The condominium market saw a price rise of between 60% and 100% between 2003 and 2008. This pales in comparison to the rise in value of landed units which rose as high as 40% in just one year. If one were to average out the rise in condominium prices, it is about 20% a year,” Tang said.

Earlier, in his overview of the Malaysian economy and the Malaysian property market, director general of Valuation & Property Services Department Abdullah Thalith said it was very significant that the transaction volume between the 11-month period increased 12.2% year-on-year, but the value of transactions increased at a higher rate of 35% from RM71.67bil to RM96.77bil.

“The recovery of the Malaysian economy has reinvigorated the overall property market,” he said.

In terms of lending in the broad property sector, the purchase of residential property took up the lion share of bank loan, at 58.8% compared with the purchase of non-residential property, at 22.1%. Construction took up 9.6%.

“Credit expansion for the broad property sector in the banking system increased from RM342.09bil as at the end of September 2009 to RM391.25bil as at end-September 2010,” he said.

“This means the residential property sub-sector remained the main mover of the property market,” he said. In this residential market, transactions in Kuala Lumpur recorded a growth of 8.2%, Selangor 7.2%, Johor 3.6% and Penang (island) 9.7%.

Terraced houses continued to dominate the market, especially in Selangor with 27,165 transactions, Johor with 12,555 transactions and Penang 4,358 transactions.

The city of Kuala Lumpur recorded more condominiums changing hands, 10,333 units versus terraced housing at 3,756 units.

SOURCE: The Star

KUALA LUMPUR: Newly-listed Tambun Indah Land Bhd (TILB) expects to complete the first of its seven ongoing property projects on mainland Penang in the first quarter of this year.

The company will complete the second phase of its RM79mil Juru Heights bungalow project by March, according to managing director Teh Kiak Seng.

“We have seven projects ongoing this year with a GDV (gross development value) of RM530mil. They include medium-cost apartments and mid-range housing developments,” he said after the listing ceremony of TILB on the Main Market of Bursa Malaysia yesterday.

Going forward, Teh said TILB would continue to develop projects on mainland Penang (as opposed to the island) as properties there were more affordable.

“We are getting more purchasers coming to the mainland because they can’t afford prices on the island,” he said, adding that it would be more viable for TILB to tap the mainland property market.

“The Penang state population is about 1.6 million. The island has 700,000 people. There are more people staying on the mainland and it is also attracting a lot of FDI (foreign direct investments),” Teh said.

He cited, as an example, Japan-based printed circuit board maker Ibiden Co Ltd, which has invested in a RM1bil plant at Penang Science Park. He also mentioned Nasdaq-listed Rubicon Technology Inc, a leading global light-emitting diode (LED) manufacturer, as well as US-based Honeywell Aerospace, a leading provider of avionics and electronics, which have also invested substantially in the mainland.

“Connectivity (in Penang) is also being improved with the construction of the second Penang bridge,” Teh said, adding that the Federal Government had big plans to develop Butterworth.

“Expansion at Butterworth Port has just been completed. The main railway station is also in Butterworth. All of this will create opportunities such as new jobs and attract more people, who will need to buy houses to be closer to the job market.”

Teh also said the Penang mainland property market was more active and had better growth prospects.

“During the recession in 2009, the Penang island property market grew by 0.3%, but mainland Penang grew by 9.3%,” he said.

“Also, from 2002 to 2010, the island housing market grew by 4%, but mainland grew by 5.4%.”

According to Teh, TILB has a land bank of close to 300 acres, all located on the mainland.

“We have an option of another hundred acres. We move very fast, we buy land and develop. We don’t buy land to keep as it’s too costly. This has been our business model since the beginning.”

TILB was negotiating with land owners in Penang to acquire land for projects in 2012 and “actively seeking” land in the Klang Valley, he said, adding: “We’ve seen some land in the Klang Valley but we haven’t bought any. We’re still looking but the project must be viable.”

On another note, Teh said the company had set a dividend payout policy of 40% to 60% of its annual net profit.

TILB recorded a net profit of RM25.37mil for its financial year 2010.

The company opened at 80 sen and closed at 80.5 sen, a 10.5 sen premium over its issue price of 70 sen. A total of 41.5 million shares were traded, making it the second most active counter of the day.

SOURCE: The Star