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.”

The state government will call for tender for a detailed design on Gurney Wharf, touted as the state’s seafront park-in-the-city, by end of the year.

State Local Government Com­mittee chairman Jagdeep Singh Deo said they would tap into the expertise of both local and international consultants for the design and construction of the “world-class park”.

Upon completion in 2021, the park is expected to feature a foodcourt, F&B outlets, promenade, wetlands, beach, steps and handicap ramp, children’s play equipment, skate park and water taxi pier.

“The development of the wharf will be guided by an Operational Requirement Statement to ensure the state government realises its vision of creating an iconic public realm.

“The park development is estimated to cost around RM180mil. It will be a Penang icon, as we want to bring it further into the international limelight.

“But most importantly, we need to serve the people of Penang by creating public amenities for them. The project is expected to be completed in 2021,” he told reporters during a site inspection yesterday.

Gurney Wharf Concept

In 2016, it was reported then that the coast along Gurney Drive would get a makeover from a massive recreational waterfront project.

Its conceptual masterplan is by Grant Associates, an internationally-renowned consultant architect involved in various international projects, including the Hive, Bristol Harbour Site and the Cambridge Accordia and also the Singapore Garden’s by the Bay.

Jagdeep said a total of 16.19ha of the 53.01ha reclaimed land at the Gurney Drive foreshore would be handed over to the state government by the end of the year.

He said reclamation work, which began in 2016, was scheduled for completion in September.

It was now 94% completed, including coastal protection and soil treatment, he added.

Source: TheStar.com.my

The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) is of the view that encouraging more foreigners to take up the MM2H (Malaysia My Second Home) programme and to invest in Malaysian properties could help ease the glut in the property sector.

In a statement today, MIPEAC said it would be a waste not to strengthen the promotion of MM2H and encourage more foreign investments in the country’s property sector.

“With RM20 billion worth of residential overhang, we should be more open to foreign buyers with higher spending power to enter the market,” it said.

International Real Estate Federation (FIABCI) Malaysian chapter president Michael Geh reportedly said in a news portal recently that Malaysia must encourage more foreign buyers of local real estate to resolve the issue of unsold units in the country.

“In general, efforts to drive in foreign investments in other segments like commercial and industrial properties should be taken more seriously as well. MIPEAC believes that more can be done to encourage foreign buyers and investors to enter Malaysia’s property market.

“High-end developments can be marketed more intensively globally, together with the ongoing efforts done in the tourism sector,” it added.

Although stricter background checks for MM2H applications have been implemented recently, MIPEAC applauds the Tourism, Arts and Culture Ministry’s efforts to speed up the approval process of the backlogged applications by setting up a special task force.

Concurrently, it said growth in the ICT sector in Malaysia will also pull in more professional foreign workers which will in turn encourage more property purchases by expatriates.

Source: TheSunDaily.my

Mont Residence, a 38-storey lifestyle condominium located on 5.15 acres freehold land in Tanjung Tokong. Featuring 473 condominium units with four well-designed and practical layouts. The project is now completed with limited units left. Call VST Group at 016-459 8080 or 017-332 8382 now to find out more about the attractive ownership package!

KEY FEATURES:

• Strategic location, just a stone’s throw away from to market, shopping malls, hospitals, schools, shops & restaurants.
• Multi-tiered security, access control, central CCTV and guard patrols.
• Healthy lifestyle & facilities, 3 types of swimming pools and fully equipped gym, games room, stydy rooms & more.
• Sky Garden – Panoramic views of the rolling green hillside & Straits Quay.
• Wine & Dine – Stylish dining facility.

FACILITIES:

Covered car park, Barbecue Area, Playground, Game room, Karaoke, Library, Gymnasium room, Fitness Stations, Basketball court, Jacuzzi, Swimming pool, Wading pool, Mini golf range, Sky Lounge and many more!

Developer’s Website: http://www.vstgroup.com.my