A newly proposed development by Frasers Paragon Sdn. Bhd. at Batu Ferringhi. Strategically located along Lorong Sungai Emas, adjacent to Iconic Vue affordable housing scheme. It is only a few minutes walk to the famous stretch of Jalan Batu Ferringhi.

This development will see the construction of 14-storey serviced apartment, featuring 140 units of serviced suites with swimming pool and facilities located at top floor.

This is still in proposal stage. More details to be available upon official launch.

Project  Name : (To be confirmed)
Location : Batu Ferringhi, Penang
Property Type : Serviced residence
Built-up Area : (To be confirmed)
Total Units : 140
Tenure : Freehold
Developer : Frasers Paragon Sdn. Bhd.
Last Updated: July 2024

Location Map:

by Anders Ong

The trend had changed from years to years, ten years ago most property investors only had a few selections of new property development to invest and a few hot spots to choose. Today the market is wider and diverse with many developments planned by the Penang state government and property developers.

Besides, younger generations are now looking at property investment by the time they graduated from their studies. It is becoming a story of the past where only people who are stable with a certain saving of cash are being able to invest in property.

Today the main problem with property investment might not be the accumulation of down payment or searching for a project to invest. Because, there are a lot of projects to invest with attractive packages and promotions offered by developers for younger and new markets as most seasoned investors already full of properties in their investment portfolio.

Thus, with so many choices for investment many people are spoilt with project development choices and might invest blindly without any basic property investment fundamental. Below are 4 criteria a new project need to have and fulfill to ascertain it is worthy for investment:-

1. Development Zone – Areas that undergoing major improvement and development due to government initiative in providing better infrastructure and amenities. For example, areas that will benefit from the approval of Penang LRT by the Transport Ministry.
   Ref: https://www.penangpropertytalk.com/2019/07/bayan-lepas-lrt-project-approved-by-transport-ministry/

2. Location Demographics – The income range and demographic mixture of an area need to be understood in order to know the type of property in demand and price affordable to the future market segment in the area.

3. Media Attention – Reporting of development areas in papers and government coverage can also be good and bad for property investment. For example, the coverage of First Phase of IKEA Integrated Shopping Centre to Open by End of 2019 which will benefit the development in Batu Kawan.
   Ref: https://www.penangpropertytalk.com/2019/07/first-phase-of-ikea-anchors-mall-to-open-end-of-2019/

4. Early Stage of Development – For new township development, it is better to be the first batch of purchaser as developer next project prices usually will be higher, the property will be smaller in size or higher density which can result in lower return of investment.

5. Technical Analysis – This is one of the most basic fundamental to study for safe net of property investment but it must have the above 4 points to have a higher return. For example, the comparison of location distance, price per square foot, size of the units and facilities offered. But not all low price properties are good investment and not all high priced properties are bad for investment such as Trophy Property and Run Down flat.

More FREE Fundamental Sharing on How to Spot & Invest in the Best New Property Development in the Market by Anders Ong at Borders public sharing:-

Date: 27th of July 2019
Time: 3.00PM – 4.00PM
Venue: Borders @ Queensbay Mall, Penang.
RSVP: https://bit.ly/2SwYh6c (Seats are Limited – FREE)

Anders Ong – Speaker, Property Consultant, Young Property Investor, Enthusiast of Real Estate, and Author of Back To Property Investment To Create Wealth

The Malaysian property market is showing signs of bottoming out, underpinned by government-driven initiatives such as the ongoing Home Ownership Campaign 2019 (HOC).

Knight Frank Malaysia managing director Sarkunan Subramaniam said in a statement yesterday that Malaysia’s property market is poised to gather more momentum moving into the second half of 2019 as the market is “firing various cylinders”.

In the same statement, the property consultancy said the HOC (which was extended six months till the end of 2019 from June 30 initially) will continue to stir interests among homebuyers while providing an opportunity for developers to clear existing stock.

“The first half of the year also saw the launches of a few high-end condominium and serviced apartment projects on pockets of land in Kuala Lumpur city.”

Sarkunan is optimistic that the HOC will provide further traction to the housing market, including the high-end condominium and serviced apartment segments.

“Many developers are participating in the HOC as it presents a good opportunity for them to clear their existing inventories and is positive for the residential market,” he said.

The main incentives of the HOC include a minimum 10% discount on the property price from developers, stamp duty exemption on property sales and purchase agreements for properties priced up to RM1mil and stamp duty exemption for loan agreements up to RM2.5mil.

On the commercial sub-sector, Knight Frank Malaysia said the looming supply and weak absorption continues to impact the Klang Valley office market, with rental and occupancy levels seen to be holding firm in the KL fringe and Selangor.

“The availability of good grade office supply at competitive rentals and the expanding public rail transit lines have boosted the popularity of decentralised office locations,” it said.

Knight Frank Malaysia valuation and advisory executive director Keith Ooi was of the opinion that in the tenant-led office market currently, landlords need to be realistic on their rental expectations.

He said the growing co-working/shared services segment provides a small window of opportunity for letting.

“Retail sales growth has improved although consumers remain prudent in their spending amid rising cost of living and slower income growth.”

Ooi said mall operators are allocating a higher percentage of their leasable space for experiential retail purpose, while more retailers are integrating their digital and brick-and-mortar outlets in line with rapid changes in retail trend and consumer behaviour.

‘’Despite heightened competition in the retail market, prime malls continue to enjoy high occupancies with most garnering single-digit growth in terms of rental reversion,” he said.

Source: TheStar.com.my

Garden Villas, the latest addition to the greenery-shrouded residential development of Jesselton Hills by DNP Land at Alma. It’s only 5 minutes drive to AEON Mall, under 3km from SJKC Sin Ya primary school.

This development comprises 122 units of double-storey semi-detached villas, each comes with 5 bedrooms plus 1 utility room. It boasts a generous land size of 39’ X 82’ (3,229 sq.ft.) with spacious built-up. These semi-ds are situated on elevated land with park and lake view.

Project Name : Garden Villas @ Jesselton Hills
Location : Alma, Bukit Mertajam, Penang
Property Type : Residential
Total Units: 122
Indicative Price: (to be confirmed)
Developer : DNP Land

Location Map:

We are pleased to announce that IKEA Southeast Asia is now readying to open the first phase of a shopping centre that will be linked directly to our blue-box home furnishing store in Northern Malaysia, bringing a vibrant new mix of retailers to Aspen Vision City.

With around 20 units, this new retail destination aims to become the vibrant hub of the growing Batu Kawan township. The retail extension will open at the end of 2019 and today, 85% of the space is already leased to tenants who will enhance the shopping experience of the IKEA store. Tenants include Sports Direct, Project Rock, 7-Eleven and Harvey Norman. Taking up 50,000 square feet, Harvey Norman is bringing its concept of a flagship superstore outside the Klang Valley for the first time.

“We are grateful for the relationships we have built with long-term partners like Harvey Norman. Together, we can live up to our mission of creating vibrant meeting places for the many people – going beyond just shopping,” said Christian Rojkjaer, Managing Director of IKEA Southeast Asia.

In the region, five of our IKEA stores are anchors for shopping centres – a retail recipe that has been proven to attract millions of visitors, including some who drive hours for a great day out with family and friends. In Penang, the first phase of our integrated shopping centre will offer a unique tenant mix to deliver something for everyone and provide a great base for many more partners to join in the coming years as we grow.

“We look for tenants that meet needs of the people in our community,” explained Christian Olofsson, our Shopping Centre and Mixed-Use Director of IKEA Southeast Asia. “In the four months since we opened IKEA Batu Kawan, we have seen that Penangites often visit on lunch breaks and during dinner time. So, we will focus on bringing in F&B outlets and convenient grab-and-go services. We also see the opportunity for other leisure, entertainment and sporting retailers to serve the growing township of Batu Kawan,”

The integrated retail component to IKEA Batu Kawan is part of the master plan for Aspen Vision City, a joint-venture of IKEA Southeast Asia and Aspen Group. Our ambition is to develop a model state for smart living.

“IKEA is a major catalyst, attracting other businesses that want to be part of a modern and intelligent township of the future,” said Dato’ Murly Manokharan, President & Group CEO of Aspen Group.

“We want to create a convenient destination that is at the heart of a walkable community where people can work, shop, dine, study, and create positive memories together with their loved ones. Vervea, the commercial precinct with 3 and 4 storey shop offices in Aspen Vision City is now ready for business. We welcome the local retailers and corporate entities to join us. In the heart of Vervea also houses a 38,000 square feet trade centre called Vervea Trade & Exhibition Centre (VTEC) that comprises versatile event halls, function rooms, food preparation and service areas that can cater for large scale trade fairs and events. VTEC will be ready for occupancy by Q4 this year. Together, we can create a thriving community in the North.”