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SITE PROGRESS: Sena Mas (July 2023)

Property News/ 23 July 2023 No comments

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About Sena Mas

The very first gated affordable landed housing in Penang by PTL Properties Sdn. Bhd, featuring 338 units of 2-storey townhouses. It is located within Tasek Gelugor township, easily accessible via Jalan Tasek Gelugor. This development is just stone’s throw away from Setia Fontaines mega township development by SP Setia, about 10 minutes drive to North-south Expressway Bertam interchange.

Find out more about Sena Mas

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Montview Residences

Machang Bubok/ 21 July 2023 2 comments

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Montview Residences, yet another freehold residential development by Grandpalms Development Sdn. Bhd. (a subsidiary of WHH Land) in Machang Bubok. Situated adjacent to The Navens, both developed by the same company, this property is conveniently located in close proximity to SMK Machang Bubok. The surrounding area boasts other neighboring communities such as Tropicale Residency and Hillpark Residences. Moreover, Vangohh Eminent Hotel is easily accessible within a mere 5-minute walk.

This development will see the construction of three 19-storey condominium blocks, comprising a total of 580 units. It will feature three distinct layouts, with unit sizes ranging from 897 sq.ft. to 1,209 sq.ft. The indicative starting price for these units is RM372,000 and above.

Project Name: Montview Residences
Location : Maching Bubok, Bukit Mertajam
Property Type : Condominium
Built-up Size: 897 sq.ft., 1,008sq.ft. & 1,209 sq.ft.
Total Units: 580
Land Tenure: Freehold
Indicative Price : RM372,458 onwards.
Developer: Grandplams Development Sdn. Bhd. (WHH Land)

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

Rehda speaks out against higher conveyancing legal fees

Property News/ 20 July 2023 No comments

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The recent hike in conveyancing legal fees will lead to an overall rise in the cost of purchasing a house, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda).

Rehda president Datuk NK Tong said the higher fees will result in buyers having to bear the increased cost of purchasing a house, which has already been affected by other issues such as rising construction materials prices and high development costs.

“The average citizens, who are still grappling with the aftermath of Covid-19, will undoubtedly feel the impact of the increase in legal fees. At this time, industry players should strive to find ways to reduce the cost of purchasing a house in order to fulfill the housing agenda proposed by the government.

“Rehda will continue its duty to provide quality and affordable homes within the appropriate timeframe for the progress of the country and its people,” he told Berita Harian.

The Malaysia Competition Commission (MyCC) previously opposed the increase in convenyancing legal fees involving property transfers while the people were still struggling with the rising cost of living.

MyCC chairman Datuk Seri Mohd Hishamudin Yunus said the action by the Bar Council contradicts competition principles, even though Section 13 of the Competition Act 2010 exempts amendment orders from using the said act.

“This increase is not the first as the Bar Council previously raised legal fees for property transfers through the Solicitors’ Remuneration Order (Amendment) 2017. MyCC has also taken proactive measures to address issues related to fixed fees through professional bodies since 2013,” he said.

The action by the Bar Council is also seen as contradictory to the government’s efforts to assist the people in owning their own homes.

Government initiatives such as the Memorandum of Transfer and stamp duty exemptions or discounts, Real Property Gains Tax exemptions, and the Housing Loan Guarantee Scheme aim to reduce the impact of rising living costs on target groups, in addition to promoting the housing industry.

Source: NST Online

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Granito @ Permai is now 80 percent complete

Property News/ 19 July 2023 7 comments

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The construction of the Granito @ Permai affordable housing project, which comprises 980 residential units, located near Lorong Lembah Permai 3, Tanjung Bunga, has now reached 80 percent completion.

Jagdeep Singh Deo, the Caretaker State Housing, Local Government, Town, and Country Planning Committee chairman, made this announcement during his visit to the construction site yesterday.

In an interview with reporters, Jagdeep emphasized the State Government’s commitment to providing high-quality affordable housing. He shared his goal of supplying a total of 220,000 affordable units in the state by the year 2030.

At present, there are 152,263 affordable housing units of various categories at different stages of development, priced between RM150,000 to RM300,000 each.

Taman Sri Bunga Sdn. Bhd. (BSG Property) is the developer responsible for this project. The development features a 50-storey apartment building, consisting of 34 floors dedicated to residential units, 11 floors for parking, three floors for shared facilities, and two floors for utility facilities.

Photo source: Facebook

A Gem in Botanica.CT – Begonia, Enriching Life through Joy and Hope

Balik Pulau/ 18 July 2023 No comments

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Begonia, the first gated & guarded freehold development by MTT Properties & Development Sdn. Bhd. Strategically located in Botanica.CT integrated township of Balik Pulau, south-west of Penang island. The 300-acre self-sustainable garden township of Botanica.CT currently features terrace, semi-detached, bungalow & villa homes and commercial precinct. Situated opposite the award-winning Prince of Wales Island International School (POWIIS), Begonia is the last few phases of double-storey semi-detached housing scheme in this carefully planned masterplan.

This project comprises of 60 units of double-storey semi-detached homes where residents could enjoy the peace and tranquility of a safe & secured environment. Designed for the modern lifestyle, Begonia’s design boasts seamless connection between indoors and outdoors. This allows the small community here to have more spaces to mingle around forging greater ties and bond among residents.

Begonia Virtual Tour

The surrounding amenities within the matured township include a hypermarket, healthcare & aged care facilities, F&B outlets, pharmacy, health & beauty retail chains, home & improvement retailer, international school and many more. In addition, the main Balik Pulau Town Centre is only 7 minutes’ drive away from Botanica.CT township while Penang International Airport is about 20 minutes’ drive away.

Project Details:

Project Name: Begonia
Location: Botanica.CT, Balik Pulau
Property Type: Residential (Gated Community)
Total Units: 60
Built-up Size: 1,929 sq.ft. – 2,149 sq.ft.
Land Area: 1,778 sq.ft. – 5,850 sq.ft.
Land Tenure: Freehold
Indicative Price: RM875,000 onwards
Developer: MTT Properties & Development Sdn. Bhd.

Visit Botanica.CT Sales Gallery from Monday to Sunday between 10.00am to 5.00pm at No.8-10, Jalan Sungai Air Putih, Bandar Baru Air Putih, 11000 Balik Pulau, Penang.

For directions to Botanica.CT Sales Gallery, please click on the link below:

Waze: https://bit.ly/Botanica-CT

For more information, please follow Botanica.CT at www.facebook.com/botanica.ct.

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