About Triuni Residences

The third phase of The Sanctuary development, featuring three residential towers, with a total of 552 condominium units. It is strategically located within the established township of Batu Uban, next to The Sanctuary (Phase 1). Just a mere minutes drive from University Science Malaysia and Penang bridge.

Find out more about Triuni Residences

Find out more from the video below (taken Oct 2018)

There is a fear among people in the real estate business that the Covid-19 scourge will make bad times worse for the sector, which has in recent years already been grappling with problems associated with a soft market.

Nearly a dozen real estate agents told FMT that inquiry calls have dropped sharply since the Covid-19 outbreak hit the headlines.

They said there had lately been no requests for the viewing of properties, either for rent or purchase.

Developer Jerry Chan, a former chairman of the Penang Real Estate and Housing Developers’ Association, said he believed swift action and changes in government policies could soften the blow on the industry.

Government intervention would be especially helpful to developers who were in the midst of building their properties, he told FMT.

He said the government should take into account the disruption caused by the movement control order and allow developers to delay their completion dates.

“We also need the banks’ indulgences on repayments and loan servicing until this crisis blows over,” he added.

He said the government should push for a moratorium on loan installments for house buyers as well as those serving loans taken to finance commercial and industrial buildings.

“Desperate times need immediate and drastic action,” he said. “We need a crisis mode reaction.”

He also proposed an extension and enhancement of the home ownership campaign that the government initiated last year, saying it did bring some improvement to the property market.

A Penang-based real estate agent who asked to be quoted only as Heng said prospective property buyers appeared to be adopting a wait-and-see attitude.

He said some were assuming prices would drop with the end of the Covid-19 threat, but he speculated that this was unlikely, noting that the Hong Kong protests kept property prices soaring.

Heng said he was meanwhile trying to make sales through videos posted on the internet so that prospective buyers would not have to be physically present at the sites of the properties to view them.

“I’m posting more 360-degree views of the properties on Facebook,” he said.

Statistics by the National Property Information Centre show that 31,092 houses were unsold as of last September.

The aggregated values of these units have dropped from RM19.54 billion in 2018 to RM18.8 billion in 2019.

Source: Free Malaysia Today

A newly proposed serviced residence development by Zenith Urban Development Sdn. Bhd. within the established township of Tanjung Pinang. Located adjacent to Marinox Sky Villas and The Tamarind Executive Apartments, overlooking the STP2 man-made island. Is only a mere minutes drive from Gurney Drive, less than 10km to the tourist belt of Batu Ferringhi.

This development will see the construction of a 41-storey skyscraper, featuring 588 serviced residence units with levels of multi-storey carpark.

More details to be available upon official launch.

Project Name: (to be confirmed)
Location : Tanjung Pinang, Penang
Property Type : Serviced residence
Total Units: 588
Built-up Area: (to be confirmed)
Indicative Price : (to be confirmed)
Developer : Zenith Urban Development Sdn. Bhd.

Location Map:

About The Amarene

Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that offers 410 residential units with built-up size ranges from 1,100 sq.ft to 1,200 sq.ft.

Find out more about The Amarene