Move aside EVs and AI chatbots, duduk by EcoWorld is now the latest buzz in town as it offers a new vertical living experience.

duduk, is a high-rise development that fulfills your DREAMABLE lifestyle with NECESSITIES such as a stunning environment, comprehensive facilities and amenities, all at an ATTAINABLE price point without compromising on the quality of life.

If you wish to own a place with a swimming pool, beautiful garden, gym and more – without sacrificing your hip lifestyle then duduk by EcoWorld is for you!

Whether you’re a young working professional, newlywed, retiree, or just someone who desires to live your best life, duduk has some exciting high-rise developments worth checking out.

Eco Horizon’s First High-Rise

Eco Horizon is a lush green township with a series of residential precincts and commercial centres set amidst charming British colonial architecture. One of them is the well-loved Borealis, a vibrant commercial hub offering a variety of dining, entertainment and leisure options. It houses popular brands such as Starbucks Coffee, Subway, Family Mart and more. It’s definitely a place that you and your loved ones can spend time together!

Ceria D’ Eco Horizon, the long awaited first high-rise dwelling in the Eco Horizon township is finally here. Its layout comprises three bedrooms and two bathrooms, with built-ups of 1,000* sqft. Units offer two car parks, semi-fitted* furnishings and a range of essential amenities and security.

Don’t miss your chance to live your dream lifestyle with duduk by EcoWorld.
Register today and learn more and start living your best life today!

Contact 04 227 2255 (EcoWorld Gallery @ Eco Horizon) for more information!
Or WhatsApp Victor at https://bit.ly/DudukEHVL

Chin Hin Group Property Berhad, through its subsidiary, Stellar Platinum Sdn Bhd, has today, entered into a Joint Development Agreement (JDA) with Ivory Meadows Sdn Bhd, a wholly-owned subsidiary of Penang-based property developer Ivory Properties Group Berhad, to jointly develop the iconic Crown Penang, marking its maiden foray into Penang.

Under the JDA, Stellar Platinum Sdn. Bhd will fund the entire project development cost through capital injection, internal funds, and secure financing facilities while Ivory Meadows will continue to manage the development of the project, including planning, construction, as well as marketing and sales. Stellar Platinum will be seeking a collaborative partner to take up 30% of its stake.

Envisioned to be a sustainability-focused, low-density, landmark development with minimalist architecture, the 41-story Crown Penang has an estimated gross development value of RM 475 million, and will comprise 588 units of residences featuring cutting-edge smart home technologies within a tranquil urban resort setting. The development is targeted to complete in 2027.

Crown Penang is envisaged by a curation of world-class award-winning firms including Quintrix Architects, Chaos Design Studio, Sputnik Forest Labs, Permata Green and Arup. The only development with a double-story rooftop facilities deck which “crowns” its residential tower, it is located on the last plot of land in the prestigious seafront neighborhood of Seri Tanjung Pinang 1 with direct access to the Gurney Wharf via the Penang Outer Ring Road.

Chin Hin Group Property’s Non-Independent Non-Executive Director, Datuk Seri Chiau Beng Teik, who signed the JDA, said “At Chin Hin we believe strongly in forging strategic partnerships to accelerate growth and value creation for our customers and shareholders. We are delighted to take another leap forward with our first foray into Penang’s exciting real estate market which is expected to continue to trend upward post-pandemic.

“We are thrilled to develop the landmark Crown Penang alongside Ivory Properties which will appeal to discerning homeowners and investors. We are confident that Crown Penang will be well-received and set a new standard for both the real estate market and the burgeoning tourism market in Penang,” he said.

Ivory Properties Group Berhad chairman and independent non-executive director Datuk Abdul Malik Abul Kassim said the partnership marked a significant milestone for both parties and is confident about the success of the collaboration.

The residences within Crown Penang range from studios to three-bedroom residences from 495 sq ft to 1,367 sq ft in sizes. The development is located adjacent to the up-and-coming Gurney Wharf, a 60-acre waterfront public recreation by the Penang state government, which will have its first phase completed in May this year.

Convenient amenities nearby include Lotus’s Tanjung Pinang and Straits Quay Retail Marina which are within walking distance, while banks, shopping malls, medical centres, schools, wet markets, restaurants, coffee shops and hawker centres are located just minutes away. Residents are a short walk away from the waterfront promenade and easy accessibility from various parts of the island.

Bank Negara Malaysia (BNM) unexpectedly raised its benchmark interest rate on Wednesday, citing a need to normalise monetary accommodation as the economy was resilient and it needed to manage persistent inflation.

The overnight policy rate was raised by 25 basis points to 3 percent. A Reuters poll of 25 economists had largely expected Bank Negara Malaysia to hold its overnight policy rate at 2.75 percent, with just four forecasting a rate hike.

BNM had kept rates unchanged at its two previous meetings this year as it sought to assess the impact of four consecutive hikes totalling 100 basis points in 2022.

The Southeast Asian economy has bounced back strongly from a pandemic-induced slump, with growth hitting a 22-year high of 8.7 percent in 2022 but slowing global demand has clouded the outlook for its exports of energy, commodities, and high-tech goods.

BNM said in a statement that the latest developments point towards further expansion in economic activity in the first quarter of 2023, driven by strong domestic demand, household spending and better labour market conditions.

While inflation was expected to moderate, core inflation would remain at elevated levels amid firm demand conditions, it said.

“With the domestic growth prospects remaining resilient, the MPC judges that it is timely to further normalise the degree of monetary accommodation,” the central bank said, referring to its monetary policy committee.

The consumer price index in March grew 3.4 percent from a year earlier, its slowest pace in nine months, government data showed.

The central bank has forecast headline inflation to average between 2.8 and 3.8 percent in 2023, compared with 3.3 percent last year.

Malaysia’s economy was expected to grow 4-5 percent this year, BNM has said.

Source: Malaysiakini.com

CapitaLand Investment Limited’s (CLI)-owned lodging business unit, The Ascott Limited (Ascott), has officially revamps Sky Residence Prai owned by EXO Management into Citadines Prai Penang, bringing you to the city, and the city to you, as you Connect, Recharge and Go.

Citadines Prai Penang marks the third operational property and first Citadines within Penang for Ascott Malaysia. The renowned Citadines has launched a dynamic range of signature programmes, tailored to create unique guest experiences during their stay at Citadines properties in Penang.

Launched as an extraordinary urban oasis, it has three apartment types, from Studio to Two Bedroom, these 168 Penang serviced apartments are poised to meet your different lifestyle needs in Bukit Mertajam, a home to numerous multinational and local firms within the industrial area.

The serviced residence is surrounded by numerous multinational companies, offices and high tech enterprises. A short walking distance away to Juru Sentral, Icon City, restaurants, and entertainment venues, to cater to residents’ leisure and recreational needs.

It is owned by Exopuri Development Sdn Bhd, which has projects at Juru Sentral that comprise condominiums, small offices/home offices (SoHo) apartment tower and shop offices. Incorporated in 1996 by Ng Kok Leong and another director, the company has developed projects with a total gross development value of RM250 million.

Most of Penang Island’s “real living heritage” – which has by now upholstered to old china, with themed restaurants, walls covered with street art, hidden bars and aseptic cafes for hipsters is also conversely very much alive in Bukit Mertajam.

Among the food options to explore in Bukit Mertajam include Best Cendol, Cup Rice, Duck Egg Char Koay Teow, and famous Yam Rice.

Besides that, visitors can also visit Bukit Mertajam Old Town, Pek Kong Cheng Temple, Malaysia’s Biggest King of Hell Burn, Coffee Factory, St Anne’s Church to House of Tan Sri Wong Pow Nee, and many more.

Citadines, which means ‘city dwellers’ in French, strikes a chord with travellers who seek a quality city-living lifestyle.

As part of the For the Love of Cities theme, Citadines offers travellers the flexibility of serviced residences with the ultimate comforts of a hotel. The refreshed brand is committed to provide guests with the best city living experiences while inspiring them to live, work and play in infinite ways with a sharpened purpose. Guests can still look forward to the reliability coupled with world class hospitality standards of Citadines. Residents and visitors can create lasting memories of their stays, as they immerse themselves in the different personalities of each city where Citadines is present.

Ascott’s country general manager for Malaysia, Mondi Mecja, said “Citadines has proved tremendously popular in the region and the revamp showcases our commitment to providing the highest quality in lodging options across Malaysia. As guests travel, live, and discover with Ascott, we are excited to offer them a versatile range of properties to cater to all their hospitality needs, whether for business or leisure travel, bringing forward a robust experience of world-class services in the hospitality industry”.

Source: NST Online

The 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty is now accepting submissions until 30 June 2023.

THE SEARCH FOR MALAYSIAN REAL ESTATE ACHIEVERS BEGINS ANEW

Malaysia’s leading property portals have jointly launched the 10th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty—inviting the country’s finest property developers to receive and vie for sought-after hallmarks of excellence in real estate.

Bringing two of the nation’s most respected awards programmes to set a new single benchmark for excellence in Malaysian real estate, the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty is now accepting submissions until 30 June 2023 via: asiapropertyawards.com/nominations

Now in its 10th year of celebrating achievements in property development and design, the search for Malaysia’s finest real estate begins anew at an auspicious time as Malaysia’s economy shows impressive growth. The Malaysian economy expanded by 8.7% YoY in 2022—the highest annual growth recorded since the year 2000 (8.9% YoY). The economy is expected to expand by 4.0% to 5.0 % in 2023, supported by firm domestic demand and ongoing improvements in the labour market.

Although demand for homes is likely to be tempered in the first half of 2023 due to rising interest rates, the second half of the year is shaping up to be more promising as the Chinese economy opens, according to the PropertyGuru Malaysia Property Market Report Q1 2023. The relaxation of Covid-19 measures in China is set to boost the economy in the second half of the year through an increase in tourist arrivals and reduced supply chain disruptions.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are thrilled to celebrate the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty. Built on two strong brands and guided by Malaysia’s most trusted property advisors, our awards programme leverages our combined expertise and network to further raise the benchmark of property development and design in the country. The Awards also serve as a quality benchmark for buyers looking to invest in Malaysia’s finest real estate.”

The black-tie gala celebration is scheduled to take place at The Majestic Hotel Kuala Lumpur, the official venue of the Awards, on Friday, 24 November 2023.

Key dates for the 2023 edition:

• 30 June 2023 – Entries Close
• 24-26 July 2023 – Live Judging Days
• 17-30 July 2023 – People’s Choice Awards voting period
• 24 November 2023 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia
• 8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public are also encouraged to submit their nominations before the deadline of entries on 30 June 2023 here: asiapropertyawards.com/nominations

In addition, the People’s Choice Awards will allow consumers and residents in Malaysia to vote for their preferred and most trusted developers, honouring 10 companies that deliver the Best in Trust, Quality, and Value for Money.

Respected leaders, experts

A distinguished panel of judges, comprising 18 respected leaders and experts in real estate consultancy, architecture, interior design, finance, legal, and related fields, will discuss and deliberate over entries during the Live Judging Days in late July 2023.

Datuk Ar. Ezumi Harzani Ismail, president of the Malaysian Institute of Architects: 2020-2022, has been elected chairperson of the independent panel of judges in 2023. He succeeds Dato’ Sr Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018, who remains on the panel, to the chairpersonship.

Datuk Ar. Ezumi Harzani Ismail said: “I am so pleased to lead the independent panel of judges of the Awards in Malaysia as the programme recognises the finest real estate in the country for the 10th year running. Along with the independent panel of judges, I join Malaysia’s consumers in helping reward the achievements of the real estate sector and moving the recovering economy towards progress and prosperity. With this year’s entrants and competitors, we will raise the bar of design and development together in Malaysia.”

HLB, the official supervisor of Awards, will oversee the judging and make sure the process is fair, transparent, and credible. John Ler and Kelvin Chew, international contact partner and managing partner for HLB Ler Lum Chew – HLB Malaysia, respectively, will lead the third-party team of supervisors.

Qualifying as the Best in Asia

Main winners from the PropertyGuru Asia Awards Malaysia in partnership with iProperty will qualify to compete for regional accolades at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December.

Malaysia’s finest real estate won several ‘Best in Asia’ honours at the 17th PropertyGuru Asia Property Awards Grand Final 2022. KL Wellness City by KL Wellness City Sdn Bhd was named Best Mixed Use Development (Asia) while Infinity8 Reserve JBCC by Infinity Group won Best Co-Working Space (Asia).

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official venue The Majestic Hotel Kuala Lumpur; official magazine Property Report by PropertyGuru; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.

For more information, please visit AsiaPropertyAwards.com