PR1MA project in Penang. Now completed and fully booked. (Source: Facebook)

Prime Minister Datuk Seri Ismail Sabri Yaakob announced yesterday that the self-employed can now apply for loans for the Perbadanan Pr1ma Malaysia Berhad (PR1MA) housing scheme through the Housing Credit Guarantee Scheme (SJKP).

He said SJKP — which is fully owned by the Ministry of Finance — allowed greater flexibility for young people interested in buying their first home as it did not have the stringent requirements of conventional home financing, and therefore, would benefit entrepreneurs as well as gig economy workers.

“This effort is in line with the announcement made during Budget 2022 last year where a total of RM2 billion was allocated to SJKP to implement this mandate,” he said during his visit to Residensi Larkin Indah here yesterday.

“This proves the government’s commitment to seeing Malaysian families gain access to housing financing such as PR1MA more easily and widely.

Ismail Sabri also said that Residensi Larkin Indah buyers would be the first to be offered this form of financing before it was expanded to other PR1MA projects.

Also present at the event were Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican, Federal Territories Minister Datuk Seri Shahidan Kassim and PR1MA chairman Fathul Bahri Mat Jahya.

PR1MA is a government-owned corporation that aims to plan, develop, construct, and maintain high-quality housing for middle-income households in key urban areas and sell it to first-time Malaysian buyers.

Source: MalayMail.com

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) will be managing Ascott Gurney Penang, the first international-class serviced residence in the state under Ascott’s world renowned luxury Ascott The Residence brand. Ascott Gurney Penang is owned by Plenitude Berhad, a publicly listed company with investments in hospitality and property development.

Mr Mondi Mecja, Ascott’s Country General Manager for Malaysia said: “Ascott’s flagship brand, Ascott The Residence, offers exclusivity, personalised services and impeccable comfort to discerning travellers around the world and we are proud to debut the first Ascott-branded property in Penang. Providing spacious and well-designed rooms as well as a plethora of facilities and food and beverage options, guests will be able to find their home-away-from-home at Ascott Gurney Penang. Ascott’s recognition as the ‘World’s Leading Serviced Apartment Brand’ at the prestigious World Travel Awards 2021 is a testament of our strong brand reputation and operational excellence. We invite guests to experience our award-winning hospitality in one of Malaysia’s most historical cities.”

Located along seafront promenade in the heart of bustling George Town, Ascott Gurney Penang caters to both business and leisure travellers as well as corporate long-stay guests. The 37-storey Ascott Gurney Penang offers 271 modern apartments, ranging from studios, one- and two-bedroom apartments. Each unit provides separate living and dining areas, fully equipped kitchen, as well as built-in washer and dryer.

Ascott Gurney Penang lobby provides an elegantly practical space; a sizeable art installation greets our guests, complimented by floor-to-ceiling glass windows offering views of the sea. The building hosts a stunning selection of artwork by both local and international artists. Facilities at Ascott Gurney Penang include an infinity swimming pool, gymnasium, yoga room, residents’ lounge, children’s playroom, children’s playground and dedicated outdoor barbeque areas.

The property also features an outstanding range of versatile and accommodative event and meeting spaces. Guests are able to host private meetings of up to 20 participants at the property’s well-equipped meeting rooms while the ballroom with banquet service can host up to 800 guests for weddings or corporate events.

Ascott Gurney Penang is also the hotel and serviced residence in Penang to provide food and beverage options. Guests can experience a gastronomical feast across 3 F&B outlets- Timur Coffee House, Jo’s Bar and Glass Bar. Guests can dine at the property’s all-day-dining restaurant, Timur Coffee House or unwind at the lobby cocktail bar, Jo’s Bar. They can also lounge at the poolside Glass Bar after a long day.

Foodies staying at Ascott Gurney Penang will be thrilled with multicultural cuisines from the surrounding hawker outlets nearby. The Gurney Drive Hawker Centre renowned for its delectable seafood dishes is a mere five-minute drive from Ascott Gurney Penang. Notable iconic and historical landmarks such as Fort Cornwallis, Kapitan Keling Mosque and Khoo Kongsi are all within a 5- to 10-minute drive from Ascott Gurney Penang. Guests can also shop to their heart’s content at the Gurney Walk shopping mall which is linked to Ascott Gurney Penang. Gurney Paragon Mall and Gurney Plaza are a three- to five-minute drive from the servived residence.

Special opening rates start from RM388 per night for Ascott Star Rewards members
In celebration of the opening of Ascott Gurney Penang, members of Ascott’s loyalty programme, Ascott Star Rewards (ASR) can enjoy special promotional rates starting from RM388 per night. The promotion is available from now till 30 September 2022.

UDA Holdings Bhd (UDA) continues to drive the development of wakaf properties in Penang through the launch of its latest project, Wakaf Seetee Aisah 2.

The project, located in Seberang Jaya, is a mixed development on 7.23 acres of land and will provide 611 residential and commercial units.

This is a strategic collaboration between UDA, which is also a property developer, asset management, facilities, hotel and agency under the Ministry of Entrepreneur and Cooperative Development (MEDAC) with the Penang Islamic Religious Council (MAINPP), as the trustee of the land.

UDA chairman, Datuk Norliza Abdul Rahim, said his party, as the head of wakaf property development, would continue with their main focus, which was to encourage property ownership, especially in the city.

“This effort can also increase the value of wakaf land as well as generate positive results and contribute to the economic growth of Muslims in Malaysia,” he said in a statement.

Wakaf Seetee Aisah 2 is divided into three phases comprising 150 units of low cost apartments namely Asnaf residences (Phase 1), 422 units of condominiums (Phase 2) and 32 units of four -storey shop lots as well as a seven -storey office building block, surau and convention hall (Phase 3).

The project with a gross development value (GDV) of RM187 million will be launched in June this year (Phase 1 & 2) and early next year (Phase 3).

Meanwhile, UDA President/Chief Executive Officer, Sr Mohd Salem Kailany, said this effort was in line with his party’s focus, which was to empower the ummah through the development of wakaf land in strategic urban areas.

He said, this initiative is also expected to increase public awareness regarding the wakaf property development industry which has high potential and is able to generate income to support the economy of the ummah.

“Wakaf Seetee Aisah 2 is developed on wakaf land, so it has the concept of leasing with MAINPP for 99 years and is only open to Muslims.

“Condominiums (422 units) with an area of ​​950 square feet to 1,100 square feet can be owned with prices starting at RM299,000, are suitable for own stay s as well as future investments.

“The price offered is 30 per cent lower than the current property price,” he said.

The Wakaf Seetee Aisah 2 project is strategically located minutes away to the North-South Highway, Penang Bridge, Butterworth Outer Ring Road and Butterworth Ferry Terminal.

In addition, it is located close to Seberang Perai industrial park as well as surrounded by various facilities such as hospitals, schools, institutions of higher learning, shopping malls and leading hotel chains.

Source: BH Online

About Nusacinta @ Setia Fontaines

The second residential component to be launched in the 1,675-acre Setia Fontaines master-planned township development by SP Setia. This will be the first gated residential precinct located next to the 63-acre man-made lake with a musical fountain. It comprises a total of 294 landed residential units, offering a few types of landed houses with built-up size ranging from 1,332 sq.ft. up to 2,943 sq.ft. Indicative price starts from RM420,000 onwards.

Find out more about Nusacinta @ Setia Fontaines

Located along Penang’s famed Gurney Drive, this all-new landmark opens its doors to the public yesterday.

Gurney Walk has a vibrant mix of tenants including international brands such as The Coffee Bean & Tea Leaf and Subway, as well as local, home-grown names such as Yin Sourdough, Four Spoons, Cueva and Urban Republic, some of which are making their debut in Penang.

Additionally, an entire floor within Gurney Walk will be dedicated to wellness, anchored by the 3,500 sq-feet Areoma Boutique Spa. Visitors can also look forward to other wellness offerings, F&B outlets, hair and nail salons, local artisanal offerings and a plethora of pop-up stores slated to open in the near future.

Connected to Ascott Gurney Hotel, Gurney Walk also expects crossovers from the hotel’s guests with a number of cross-promotional activities in the pipeline.

Gurney Walk will also curate and feature art exhibitions and workshops, amidst other planned offerings and community-centric events.

Gurney Walk is situated in the heart of Gurney Drive, a stretch synonymous with street food and hawker centres, with hotels, condominiums and office buildings. The area serves as a pit stop between Penang International Airport and Batu Ferringhi beach, and is in close proximity to affluent suburbs of Pulau Tikus and Tanjung Bungah.

Source: TheVibes.com