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Lockdown extended by two weeks, to June 28

Property News/ 11 June 2021 No comments

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The nationwide lockdown will be extended for another two weeks from June 15-28, Senior Minister Datuk Seri Ismail Sabri Yaakob announced.

He said the Health Ministry had presented its report and proposed to the National Security Council (NSC) chaired by the Prime Minister for the lockdown to be extended.

He said the number of Covid-19 cases was still above 5, 000 daily with the average new cases at 6, 871 as of Thursday (June 10).

“Therefore, the lockdown will be extended for another two weeks, effective from June 15 to 28, ” he said in a statement Friday (June 11).

He said the list of standard operating procedures (SOP) for manufacturing, businesses and industries remains unchanged as what had been announced.

The lists of dos and dont’s are available at the NSC website www.mkn.gov.my.

Source: TheStar.com.my

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Triuni Residences – Penang’s Most Coveted Addresses

Property News/ 11 June 2021 No comments

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Contemporary, down to every thoughtful detail, from the architecture and landscaping to the sleek modern finishes, the Runnymede Group’s latest offering in Penang is nothing short of luxurious. In fact, this particular slice of Batu Uban is another crowning achievement to this niche property developer’s 25-year track record of pushing the boundaries of elegant, green-friendly, luxury real estate developments not just in Penang but also in Kuala Lumpur and Western Australia.

truini-residences-location-mapLocated within the 28-acre masterplan of The Sanctuary in Batu Uban – one of the island’s most exclusive and affluent neighborhoods – Triuni Residences commands stunning vistas of verdant hills, Pulau Jerejak and the Straits of Malacca. Spanning just over five acres of magnificently landscaped gardens, this landmark domicile blends an exclusively Australian-designed landscape with an internationally acclaimed architectural practice to bring to life homes and facilities that cater to all generations, at any stage of life, be it first-time homeowners to matured families and even retirees.

Where most Penang properties average 100 units per acre, this freehold investment with residential titles plies only 34 units per acre. Celebrated for its impeccable design, Triuni Residences @ The Sanctuary encompasses 552 units across three towers, flaunting less than 200 units per tower and no more than 10 units per floor. Each tower is serviced by three premium-efficiency elevators to ensure minimal wait time. For extended security and privacy, its wide landscaped driveway provides direct access to individual lift lobbies.

Triuni Residences’ unique detached and semi-detached designs promise the utmost in privacy, yet these lavish spaces unabashedly welcome invigorating beams of sunlight complemented by the refreshingly soothing sea air, enhancing your sense of space and well-being. Purposefully designed with practicality in mind, the residences range from three to five-bedroom units and interior areas varying from 840sf to 1,916sf.

Each unit has been meticulously planned to maximise space efficiency while segregating individual private and entertainment zones. To parallel its opulent persona, Triuni Residences employs high-quality finishings, homogeneous natural stone tiles and exquisite solid timber flooring. To ensure the best in work life balance, all units are conferred with a balconied study or personal office space boasting exhilarating views to motivate and inspire.

Beyond the walls of the residences lies an expansive communal area. An impressive haven in itself, this thematic resort-styled facility is spread across almost three acres of verdant green landscape designed exclusively for outdoor and recreational activities. At the centerpiece is a 40-meter, cascading infinity lap pool, flanked by multiple indoor gyms, flourishing herb and spice trails and contemplative gardens accommodating reflexology paths, chess tables, leisure pools, a jacuzzi, cabanas, an observatory deck and a full-scale children’s play area, complete with tree cubbies, a whirly pool with water jets.

When it comes to special occasions, residents need not have to leave the premises to host celebrations or gatherings. Triuni Residences offer the convenience of a wide choice of function rooms to accommodate groups of just about any size.

On a higher note, residents can take advantage of the Sky Garden. A stunning rooftop parcel of space plying unobstructed panoramas of the Penang skyline. Perfect for that “me-time” to unwind or quality time with a small circle of friends and family.

Seeking sojourn within The Sanctuary doesn’t mean you’re completely cut off from the outside world. While residents enjoy the isolation from the madding crowd, they’re also within easy connection of essentials and necessities. Strategically located between the first and second Penang Bridges, the development is only minutes away from the Bayan Lepas Industrial Free Trade Zone, Queensbay Mall, Pantai and Lam Wah Ee Hospitals, the Penang Golf Club, University Sains Malaysia, Inti International College, Fairview and Straits International schools as well as a host of local educational institutions.

To date, it’s become one of the most sought-after properties in Penang. In fact, Triuni Residences’ Tower A is near completion with only a limited number of 1,636sf and 1,916sf units available. Meanwhile, 70% of Tower B, comprising only 192 units, has already been snapped up in the last 8 months with limited availabilities of the 1,216sf and 1,302sf units. Tower C will be launching soon and is now open for registration.

Interested parties may find out more at the Runnymede Group (www.runnymede.com.my) or Triuni Residences (www.triuni.com.my) websites. Or call 04-659 8899/ 019-415 5881/ 012-519 7785 to speak to a Runnymede Group Sales Executive.

Penang South Islands project to go on despite objections

Property News/ 10 June 2021 3 comments
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Aerial view of Island A reclamation site

Despite numerous objections from various parties, the Penang government will proceed with the Penang South Islands (PSI) project, formerly known as Penang South Reclamation (PSR) project.

Chief Minister Chow Kon Yeow said it is not about choosing one or the other – referring to the PSI, the environment issue and fishermen welfare.

“We only disagreed on cancelling the project. We do not have to choose between PSI, and the environment and fishermen. Technology and engineering advancements can allow us to build PSI and preserve the environment and the people at the same time,” he said in a statement here today.

He said the state has been listening and agreed with the concerned parties on the importance of taking climate change into consideration and protecting the welfare of fisherman.

“This is why we are implementing so many mitigation measures, carrying out a socioeconomic plan for fishermen, and introducing green initiatives for the PSI development. Suffice to say that such a massive and comprehensive plan to improve the fishing community has never been done before anywhere in the country.”

Lately, various parties including Permatang Pauh Member of Parliament (MP) Nurul Izzah Anwar, Kepala Batas MP Datuk Seri Reezal Merican Naina Merican, Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tunku Jaafar, Consumers Association of Penang, Sahabat Alam Malaysia, civil society groups including Penang Forum and fishermen’s groups had objected and called for the project to be cancelled.

However, Chow, who is also the Tanjong MP, said the people should consider the many socio-economic benefits PSI will bring to Penang that have greater value than monetary returns.

“We never denied that the project will have impact but we have always shared with the people how we intend to mitigate the impact, create new habitats for marine life, and provide more job and business opportunities for fishermen and other locals,” he said.

He explained that the job creation and economic growth stimulated by domestic and international investments will give financial stability and security to the people; while the green initiatives like low carbon developments and transportation, use of renewable energy, and provision of open spaces will contribute towards improving liveability and public wellbeing for decades to come.

“We strongly believe we are able to achieve all the above while also being fully compliant to the stringent approval conditions imposed by DoE (Department of Environmental). As such, no precedence should be set by the Government whereby approval for projects is reversed even though all approval conditions are being met,” he said.

Under the PSR project, the state government is proposing to reclaim about 1,821 hectares of the sea to build three islands south of the Penang International Airport towards the east around Permatang Damar Laut to create a land bank that will be utilised to finance the Penang Transport Master Plan (PTMP) project.

Source: EdgeProp.my

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AFFORDABLE: Permatang Pauh / DH Land Sdn. Bhd.

Permatang Pauh/ 9 June 2021 1 comment

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A newly proposed affordable housing development by DH Land Sdn. Bhd. at Permatang Pauh. Located on 1.68 acres land along Jalan Permatang Pauh, diagonally opposite Caltex petrol station. It is only 1km to Butterworth/Kulim Expressway interchange, less than 5 minutes drive to Sunway Carnival Mall at Seberang Jaya. This is the third affordable housing scheme proposed within the same vicinity, following Residensi Permatang Pauh and Signature 3 which were introduced in 2017 and early 2021 respectively.

This development comprises a 32-storey apartment, featuring 299 affordable housing units with 8 levels of car parking podiums.

The project is still pending approval. More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Permatang Pauh
Property Type : Affordable housing
Land Tenure: (to be confirmed)
Total Units: 299
Built-up Size: (to be confirmed)
Indicative Price: RM200,000 – RM250,000 (affordable price guide)
Developer : DH Land Sdn. Bhd.

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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.

Everything about certified real estate negotiators & agents (Part 1 of 2)

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By Anders Ong

There have been so many misconceptions in the market about real estate negotiators and agents. Most people assume negotiators are the same as brokers and brokers are the same as negotiators without fully understanding the risk they have by engaging brokers. Some complained that realtors had lied about selling prices and jack up prices when they sell the house without informing and profiteering.

But back to the basic first who is who and why do we need to engage a real estate negotiator.  Property owners or investors whom need to rent out or sell off some of their properties and have someone trusted to manage the property for them because they may be occupied with work and need professionals to handle the property may engage a negotiator. Only REN, PEA, and REA can represent sellers, landlords, buyers & tenants in the sale and marketing of properties and monitored under BOVAEA.

Who Is Malaysia Board of Valuers, Appraisers and Estate Agents (BOVAEA)

BOVAEA is known as Lembaga Penilai, Pentaksir, Ejen Harta Tanah & Pengurus Harta (LPPEH) – the body tasked in regulating the Valuers, Appraisers, Estate Agents and Property Managers in Malaysia.

Who Is Real Estate Negotiator (REN)

A Real Estate Negotiator (REN) is an individual employed by Real Estate Agent under a registered firm. Every REN must attend to a two-day course on Real Estate professions and will be issued with a certificate of attendance which has a validity of one year from the date of issue. The certificate will enable the individual to be hired under “Contract of Service” or “Contract for Service” with a Real Estate firm. Once attached, the firm will apply REN tag with BOVAEA for the realtor.

Who Is Probationary Estate Agent (PEA)

A Probationary Estate Agent (PEA) is an individual whom undergoing training and practical under an estate agency firm. They will have to submit their report and underwent interviews before they could obtain their Real Estate Agent License.

Who Is Real Estate Agent (REA)

A Real Estate Agent or Principal is a certified professional individual who can open a real estate firm and hire REN and PEA. They can provide real estate services in sales, rent, invest, or sourcing for a property. REAs are property professionals registered under the Board of Valuers, Appraisers and Estate Agents (BOVAEA).

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Who Is Illegal Agent (BROKER)

A Broker is an illegal agent who solicits real estate activities and carries out real estate services without a license. They can be anyone whom are not licensed but requesting commission for their services and may cheat, absconding, misrepresent, mislead and profiteering from clients as they are not monitored under any firm REA or BOVAEA and may jeopardise the image of the real estate industry.

Punishment for Illegal Brokers

Section 22C of the Valuers, Appraisers and Estate Agents Act states that:

No person shall unless he is a registered Estate Agent and has been issued with an authority to practice-

  • Practice or take up employment under any name, style or title containing the words “Estate Agent”, “House Agent”, “Property Agent”, “Land Agent”, “House Broker” in any language which may reasonably be construed to imply that he is a registered Estate Agent or that he is engaged in estate agency practice.

Brokers if convicted, may be liable to a fine not exceeding RM300,000 or imprisonment for a term not exceeding 3 years, or both.

pea-sampleHow to Make Sure They Are Real Agent?

  1. Check Their ID – There will be three types of ID for licensed realtors and most of the time we will be dealing with Real Estate Negotiators (REN) RED ID, Probationary Estate Agents (PEA) RED ID, and Real Estate Agents (REA) BLUE ID. Only those with tags are licensed and authorised by the Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA or LPPEH) to render real estate services. The ID may contain the realtor’s information’s such as picture, name, company name and firm registration numbers. All licensed realtors are required to wear their ID during their working period for customers to identify them to be genuine realtors.
  2. Scan Their ID – Every ID will have its special unique QR code which will lead you to the Lembaga Penilai, Pentaksir, Ejen Harta Tanah & Pengurus Harta website and display the realtor’s information such as registration number, full name, NRIC number, property agency attached, and expiry of their license.
  3. Visit Boards Website – If we do not check the realtor’s ID then, we can direct search for their registration with the board at the following address http://search.lppeh.gov.my/ . The page can be used to search for the firms, members, and negotiators registration. Members search are for PEA and REA meanwhile negotiators are for REN. Remember not all property firm are licensed and allowed to conduct real estate business, unless they are licensed so there is firm search as well. Most illegal firm will classify their company as asset management or property consultancy firm without valid E-Registration number.

READ MORE: Everything about certified real estate negotiators & agents (Part 2 of 2) – Benefits and commission rate

Anders
Anders Ong – PEA, Property Investor, Writer, Speaker, Real Estate Coach, Property Market Analyst & Author of Back To Property Investment To Create Wealth

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