About Metropol
A mixed development by Ramana Property at Bandar Perda in Bukit Mertajam. It is located near Jalan Perda Utama roundabout, featuring less than 10 minutes drive from Penang bridge. Featuring 326 residential units with built-up size ranging from 810sq.ft. to 1,845sq.ft. Amenities such as schools, hypermarket, banks, shopping malls, and eateries are only a few minutes drive away.
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Yet another proposed commercial development by Ideal Homes Properties Sdn. Bhd. at Bayan Lepas. Strategically located off Jalan Tun Dr. Awang, right next to Straits International School and Bayan Lepas Roundabout near Penang International Airport. It is only 10 drive away from Bayan Lepas Free Industrial Zone. Neighboring housing communities include Summerskye Residences, The Amarene, Fiere Vista, Solaria Residence, Sathu Terraces and a few others.
This development will see the construction of a 21-storey commercial building with two towers. The number of office suite units avaialble is yet to be known. There will be a 10-level car parking podium with shop office located at the ground level.
The project is pending for approval. More details to be available upon official launch.
Project Name : (to be confirmed)
Location : Bayan Lepas
Property Type : Commercial
Land Tenure: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units : (to be confirmed)
Developer : Ideal Homes Properties Sdn. Bhd. (Ideal Property Group)
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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.
The Malaysian property market has been fairly sustainable as it underwent a consolidation mode despite the COVID-19 pandemic in the past 12 months.
Integrated real estate solutions provider Jones Lang Wootton (JLW) deputy managing director Prem Kumar said the pandemic is a blessing in disguise as it brought background issues of the market to the forefront to be given more focus by developers and the government.
“Some of the issues we saw was the oversupply in the office segment. Now developers in the commercial side have taken few steps back and stop any new office development at this juncture and focus on other types of products that can sell and be sustainable and not becoming a white elephant,” he said in a virtual roundtable panel organised by PropertyGuru Group today.
He said affordable housing is also given more attention as authorities and developers reassessed and refocused on what is required to ensure both consumers and developers could reach a balance in terms of product offering and expectations in the future.
Prem Kumar said although the National Property Information Centre (Napic) reported a decline in the overall property sector in 2020, the market was already in a downtrend since 2017/2018 due to those prevailing issues.
However, he said the reduction in the number of transactions does not show any significant indicators or having a huge potential of collapse.
He said COVID-19 itself was not the main reason for the softer property market but more to the supply and demand factors, as well as the market concentration that led to it.
“COVID-19 has opened the eyes of many stakeholders of how the market can be versatile and be sustainable.
“As the property market is readjusting itself, this will also lead to greater stability for the real estate market in the future,” he added.
The session was organised in conjunction with the PropertyGuru Asia Property Awards (Malaysia) 2021 that will be held on Sept 15, 2021.
Highlights of the gala event will be aired on the History Channel, the official cable TV partner of the award, to give the programme a more international scope.
Last year, the award’s online gala series, which included the first virtual gala edition of the award, was viewed more than 516,000 times and reached viewers and property investors in more than 75 countries worldwide.
Napic reported that the Malaysian property market recorded 295,968 transactions worth RM119.08 billion in 2020, a 9.9 per cent and 15.8 per cent year-on-year decline in volume and value, respectively, compared with 2019.
Organised by Southeast Asia’s leading property technology company, PropertyGuru Group, the 8th PropertyGuru Asia Property Awards (Malaysia) programme is supported by platinum sponsor Kohler; official portal partner PropertyGuru.com.my; official cable TV partner History Channel; official magazine PropertyGuru Property Report; official PR partner Klareco Communications; media partners Penang Property Talk, KopiandProperty.com, Malaysian Business, and The Grid; official charity partner Right To Play; official ESG partner Baan Dek Foundation; and official supervisor HLB Ler Lum Chew.
Source: Bernama
About Queens Residences
Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall.
Find out more about Queens Residences
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A landed residential development by Robert Fullerton Realty (Tasek) Sdn. Bhd. (a subsidiary of OIB Group Bhd) at Simpang Ampat. Located between the existing housing of Taman Pekatra Indah and Hijauan Hills by Asas Dunia, just a stone’s throw away from Tasek Small Medium Industrial Park (IKS Tasek). It is only a mere minutes drive to GEMS International School at Pearl City, about 8km to SMJK Jit Sit II.
This development will see the construction of 77 single-storey bungalow houses with 3 different design types. The units will have a minimum land area of 4,000 sq.ft, with an indicative price starting from RM548,000 onwards.
Project Name : Single Storey Bungalow @ Pekatra Indah
Location : Simpang Ampat
Property Type : Single-storey Bungalow
Tenure : Leasehold
Land Area: 4,000 sq.ft. onwards
Built-up Area: 1,340 sq.ft – 1,718 sq.ft.
Total Units : 77
Indicative Price: RM548,000 onwards
Developer : Robert Fullerton Realty (Tasek) Sdn. Bhd. (OIB Group Bhd)
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