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Owners of The Rise @ S.P Chelliah will receive their keys soon

August 13th, 2019 1 comment

the-rise-affordable-viewA total of 2,093 buyers of The Rise affordable housing near S.P Chelliah Road here will soon receive their keys as final clean-up work is being carried out by the developer, Zubicon Sdn. Bhd.

Housing, Town and Country Planning and Local Government Committee chairman, Jagdeep Singh Deo, when informed of the matter, expressed his excitement when the project, developed over three years ago, became a reality and boasted that it had amenities like those in luxury condos.

“I understand that the project will be delivered to buyers by the end of this month, and now the developer is in the final phase of cleaning and sales have reached 99 percent of the total 2,093 units.

“What’s exciting about this is the Affordable Housing (RMM) project located in the heart of George Town with various amenities such as a children’s and adult swimming pool, playground, gym and resource center.

“These facilities are not ours (the State Government) which demands that they are not in the guidelines, but this is a gift from the developer,” he said, joking that the RMM project may be the first in a country to have such facilities with the sale unit price beginning. RM200,000.

Jagdeep also praised Zubicon’s efforts to obtain a Green Building Index (GBI) rating for both projects (KSR and RMM).

 

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Short-term property rentals on the rise in Penang

August 13th, 2019 No comments

noairbnbThe number of stratified residential properties offering short-term home-sharing or rentals seem to be rising in Penang even though the practice is deemed illegal by the Penang Island City Council (MBPP).

Interviews with several Airbnb operators showed even developers with unsold units would furnish them and rent them out for holidays.

“It’s now common, especially in newly-built condos, ” said Ching, a former home-sharing operator.

Another operator, S.H. Tan, said as far as Airbnb operators understood it, there were no issues if the residential property joint management bodies (JMBs) allowed them.

However, a check with MBPP showed no such policy exists.

“It is still illegal to rent out a residential property like a hotel.

“But we are waiting for the state government to issue guidelines on regulating home-sharing operators, ” said a city councillor who declined to be named.

At the state level, a source revealed that regulating home-sharing operators was “not so easy”.

“The National Land Code clearly states that property owners have the right to enjoy rental income from their properties.

“The Code, which is equal to an Act of Parliament, does not restrict tenancy to short or long terms.

“Any regulation we attempt to draft must conform with the Code, or it will breach property owner’s rights, ” the source said.

The Malaysian Association of Hotels Penang chairman Khoo Boo Lim said the government must speed up efforts to regulate home-sharing.

He said he found many instances where tourists who chose home-sharing in Penang felt cheated after they found JMBs barring them from using facilities such as pools.

“It is bad for tourism and tarnishes the state’s image, ” he said.

One such tourist, Spanish visitor Elena Guasch Pescuer, wrote an open letter on July 8 sharing her unhappy experience of renting a condominium in Bukit Gambir.

She described feeling cheated because although the pictures of the place showed a beautiful swimming pool, her family and her were denied access to it.

Adding that short-term rentals of residential homes were particularly damaging to many hotels classified as four stars and below, Khoo called on the state government to regulate home-sharing to safeguard the tourism experience in Penang.

Penang Hoteliers Association and the Malaysian Budget Hotel Association Penang Chapter chairman Datuk Lim Mee Lee said cheaper hotels have been hit hard.

“We have many regulations to follow but home-sharing operators don’t have to worry about anything.

“We must not let this continue.”

Meanwhile, Deputy Tourism, Arts and Culture Minister Muhammad Bakhtiar Wan Chik said his ministry was working with the Malaysian Productivity Centre, trade organisations and other agencies to draft guidelines for local authorities to regulate home-sharing.

“Home-sharing was made possible through technology, and like many disruptive technologies, it is growing faster than regulation.

“So, we are racing with it and we welcome local authorities to take steps to regulate home-sharing themselves, ” he said.

Source: TheStar.com.my

 

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Five rent-to-own projects in Penang for the needy

August 12th, 2019 No comments

rto-projects

Penang’s rent-to-own (RTO) housing units that have been rolled out to assist the hardcore poor involve a total of five projects in the state so far.

State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said four projects are on the mainland while another is on the island.

The five projects are Taman Seruling Emas and Taman Sungai Duri Permai in South Seberang Perai, Permatang Tok Subuh in Central Seberang Perai, K-Park in Southwest district and Taman Seri Desa in Tasek Gelugor. There are a total of 1,037 units for the projects.

Jagdeep said RTO scheme was meant to help those who could not afford to even buy low-cost units due to high loan rejection rate.

He pointed out that applicants with household monthly income below RM2,000 are eligible to apply for these RTO units.

“This scheme allows the tenants to become owners after renting the unit.

“Therefore, we are now emphasising this RTO initiative to help the poor,” he said at a press conference in Taman Seri Desa, Tasek Gelugor, today.

Jagdeep was speaking to reporters after making a site visit to check on the progress of the construction of 64 units of landed houses under RTO scheme.

He said the units, with a 650sq ft build-up area, are expected to be completed by October this year.

“It will be a month ahead of schedule,” he said, adding that the unit would be sold starting from RM42,000.

Source: Buletin Mutiara

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SITE PROGRESS: City of Dreams (Aug 2019)

August 12th, 2019 No comments

cod819-1

 

About City of Dreams

A freehold luxury lifestyle development at Seri Tanjung Pinang. The residential units come with size ranging from 1,000 sq.ft. onwards, with a well equipped kitchen accessories. Resident can also enjoy a wide range of luxury facilities such as private lift, private lobby, yacht services, Rolls Royce limousine, private bowling alley, private cinema, sky lounge, sky pool and many more.

Find out more about City of Dreams

 

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Iconic Vue is 98% sold and completing soon

August 11th, 2019 No comments 中文版

iconic-vue-completingDuring a recent visit to Iconic Vue affordable housing project, Jagdeep commended the developer, Iconic Group, for building the 100 percent Type C affordable homes, costing RM300,000 onwards for each unit.

He said the location of the project is strategic as Batu Ferringhi is not only famous in Penang and Malaysia but also throughout the world.

Besides that, Jagdeep complimented the developer for providing quality materials and facilities such as a swimming pool with jacuzzi, wading pool, gym, children’s playground, multi-purpose hall, bbq area and giant chess.

“This state government has managed to get the developer to build it in Batu Ferringhi. Without the government’s intervention, most developers would normally build condominiums worth millions in Batu Ferringhi and which could not be accessed by Penangites who want to buy their first home,” he said.

Also present at the press conference were Penang Island City Council mayor Datuk Yew Tung Seang, Seberang Perai Municipal Council president Datuk Rozali Mohamud, Iconic Group executive directors Katherine Tan and Jason Chung, senior project manager Teoh Chiew Poh, sales and marketing manager Leonie Ang, state Housing Department director ‘Ainul Fadhilah Samsudi, senior principal assistant secretary Fakhrurrazi Ibnu Omar and principal assistant secretary Mohd Fauzy Mohd Yusoff, and also some of the buyers.

Tan said the project, which started in 2016, is now 92% complete and six months ahead of schedule.

“This project has only 232 units, the lowest density affordable homes in town. We have sold 228 units. We provide good quality which is similar to condominium specification,” Tan said, adding that they are now expecting the state Housing Department to issue a Certificate of Completion and Compliance (CCC) supporting letter by September.

Source: Buletin Mutiara

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