*PROJECT CANCELLED*

A proposed mixed development by Aspen Park Hills Sdn. Bhd. at Paya Terubong. Located on a 29-acre freehold land along Jalan Bukit Kukus, which was acquired from Geo Valley Sdn. Bhd. in mid of 2019. It is only a mere minutes drive from Air Itam.

This development will see the construction of several residential towers with communal facilities, serviced apartment towers and lifestyle retail facilities in multiple phases. The initial phases of the development will include the construction of Jalan Bukit Kukus paired road, and 4 residential towers:

PHASE 1

• Block A: 41-storey condominium (464 units)
• Block B: 47-storey luxury condominium (388 units)

PHAsE 2

• Block C 47-storey luxury condominium (388 units)
• Block D 47-storey luxury condominium (388 units)

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

Project Name : Aspen Park Hills (to be confirmed)
Location : Paya Terubong, Penang
Property Type : Mixed development
Built-up Size: (to be confirmed)
Total Unit: (to be confirmed)
Indicative Price : (to be confirmed)
Developer : Aspen Park Hills Sdn. Bhd.

Location Map:

Celebrate a Prosperous CNY with Mah Sing at their QUBE Market in Southbay Sales Gallery. It is happening this weekend with lots of exciting activities!

Senrosse 2, the tenth phase of landed residential development by JKP Sdn. Bhd. at Taman Ilmu in Nibong Tebal. Located adjacent to Engineering Campus of University Science Malaysia, about 10 minutes drive from North South Expressway – Jawi Interchange. It is only a few kilometers aways from Penang/Perak border.

This development will feature 40 units of 2-storey semi-detached houses with spacious land and built-up area.

Project Name : Senrosse 2 @ Taman Ilmu
Location : Nibong Tebal, Penang
Property Type : 2-Storey Semi-Detached
Land Area: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units: 40
Tenure : Freehold
Indicative Price: (to be confirmed)
Developer : JKP Sdn. Bhd.

Location Map:

Located just a mere minutes drive from Penang Bridge, Triuni Residences is a unique collection of condominium surrounded by verdant landscaped grounds that is conceptualized by an award-winning Australian landscaper, it is a home meant for everyone. Grab a unit now and enjoy up to RM108K CNY Angpow per unit plus festive rebates and abundance discounts!

A real estate expert claims that it is much easier for Malaysian youths to own property compared to their counterparts in neighbouring countries.

Michael Geh, a senior partner with Raine & Horne Malaysia, said young people in Thailand, Indonesia, Laos and Cambodia could not “even dream of buying houses” because of the exorbitant prices.

“But in Malaysia, you can still buy if you belong to a double-income household or go for joint ownership,” he told FMT.

He also said local banks were more open than those in neighbouring countries to giving out housing loans to youths.

Last Tuesday, the executive chairman of property consulting firm Rahim & Co said more than 50,000 pieces of residential property, worth about R34 billion, remained unsold as of the third quarter of last year. He said one of the reasons was that wages in Malaysia were not moving upward to keep up with property prices.

Geh urged the government to put in more effort into improving the job market to spur property purchases among youths.

He also said the overhang in residential properties could be attributed to faulty locating of property development.

He noted that some properties were being offered for sale at prices that did not match the attractiveness of the sites.

He added that the speed at which properties were being built did not match the slow increase in Malaysia’s population, attributing this to the keenness of developers listed on the stock exchange to impress investors.

“They need to develop to show performance to ensure that their stock prices and stock performances remain good,” he said.