Ventus & Tradesmen, a mixed commercial development by Jayamas Pintar Sdn. Bhd. at Batu Maung. It is strategically located within the vicinity of Southbay City by Mah Sing Group, just a mere minutes drive from Penang Second Bridge.

The proposed development will see the construction of a 42-storey commercial building, featuring a mix of serviced suites, hotel rooms and shop lots. The recreation area for the office suites will be located at level 11 while the hotel facilities and swimming pool will be located at the rooftop.

Project Name: Ventus & Tradesmen
Location : Batu Maung, Penang
Property Type : Commercial
Built-up Area: 400 sq.ft. – 1,200 sq.ft.
Total Units: 397 (suites), 11 (shop lots) & 78 (hotel rooms)
Indicative Price: (to be confirmed)
Last Updated: Jan 2023
Estimated Completion: 2028
Developer: Jayamas Pintar Sdn. Bhd. (Jayamas Property)

Location Map:

SITE PROGRESS

SITE PROGRESS: Ventus & Tradesmen (Aug 2024)

China-based developers have been roped in to offer rent-to-own affordable homes that are built using Industrialised Building System (IBS), says Zuraida Kamaruddin.

The Housing and Local Government Minister said Malaysia had last month inked deals with eight China-based companies to invest in Malaysia, transfer pre-fabrication construction technology, and offer rent-to-own option to buyers.

“But we have imposed a condition that the China-based companies must work together with local companies,” she said.

She said this after launching the National Affordable Home Policy, the National Standard, and Construction Industry Standard at Elmina Centre here Saturday (May 11).

The MoU was signed during the Belt and Road Initiative in Beijing last month, she said.

Zuraida also allayed fears that the China-based companies would pose a threat to local players.

“At present, we only have 11 local companies involved in construction using IBS, and they only have the capacity to build 19,000 units annually.

“With the entry of the China-based companies we can build many more affordable homes to meet our target (to build one million units in 10 years.)

“They (China-based companies) will bring technology and innovation, and invest in IBS factories (to manufacture pre-fabricated building materials).

“With IBS technology, we can lower the cost of construction in terms of lower cost of material, lower labour cost, and shorter timing (to complete construction),” she said, adding that it would also reduce dependence on foreign labour.

She said by using IBS technology, 500 homes could be built within six months.

On whether local companies would also offer rent-to-own scheme to help buyers own homes without the burden of paying deposits, Zuraida said the authorities were still negotiating with local banks.

She said the price of affordable homes was capped at below RM300,000, and that the cost differed according to locality, town and state.

Zuraida also announced that an IBS Academy would be set up in Awana Kijang, to train locals on IBS building techniques.

“Using this technology, building homes would no longer be regarded as a 3D (dirty, difficult and dangerous) job,” she said.

Source: TheStar.com.my

Mah Sing Group Berhad (Mah Sing) held a topping up ceremony for Phase 1 of its Ferringhi Residence 2@Batu Ferringhi, Penang today. The ceremony symbolises the completion of the structure of the development’s Tower B building.

In attendance during the event were Mah Sing’s Chief Operating Officer, Everlyn Khaw, senior management team of Mah Sing as well as consultants and main contractors which are involved in the development of Ferringhi Residence 2.

The construction of the entire project is currently at around 50% completion with the structural work of Phase 2 (Tower A and C) still in progress. Tower B is expected to be fully completed in July 2020 while the entire project, with its two phases, is scheduled for completion by December 2020. Ferringhi Residence 2 is expected to have a total gross development value (GDV) of RM614 million.

Mah Sing Group continues to expand its foray in Penang

In 2007, the Group ventured into Penang with its first township in the island, Southbay City. This year marks the 12th year of Mah Sing’s presence in Penang. Up to date, the Group has launched over 1,800 units of properties in Penang with total GDV of approximately RM2.3 billion.

Mah Sing’s Chief Operating Officer, Everlyn Khaw said, “We are optimistic about our ongoing projects in Penang as they have been receiving encouraging take-up rates despite the challenging property sector. As our projects in Penang are located in strategic locations and consist of the right product mix that caters to different market needs, we are confident that they will continue to do well especially with various initiatives introduced by the government to stimulate the property industry.”

Everlyn also added, “The completion of the first phase of our Ferringhi Residence 2 project once again signifies a stalwart accomplishment from our group in meeting the project deadlines we have set. At the same time, we will continue to look out for ways to enhance our project features such as the automated waste collection system and multi-tier security system that we have put in place. In addition to that, we are also in the process of obtaining the BCA Green Mark certification for Ferringhi Residence 2 and this will signify our commitment to creating a sustainable development that is environmentally friendly and beneficial to the surrounding communities of the area.”

Ferringhi Residence 2 – Minimalist Holiday Home Concept with Ultra Contemporary Style

The 9.95-acre Ferringhi Residence 2 development in Batu Ferringhi is a freehold residential condominium located behind the Penang Hill forest range and the Teluk Bahang Forest Reserve Park within Penang’s famous holiday spot, Batu Ferringhi. It is accessible through Jalan Sungai 1 which branches off from Jalan Batu Ferringhi in front of Holiday Inn Resort Hotel.

Ferringhi Residence 2 is a resort-styled condominium designed predominantly in a North-South direction. The development comprises of three towers (32-storey high-rise residences, 10-storey mid-rise residences and 4-storeys low-rise residences) and all units are designed with its living spaces having an approximately 16-foot wide openings with a direct view towards the outdoors.

The typical layout of two and three-bedroom units are spacious with built up from 1,208 sq. ft. to 1,565 sq. ft. They are designed to have good natural ventilation and lighting. The living area, dining and kitchen are laid out in an ‘open-plan’ fashion to enhance spaciousness with a resort feel. The unit layout is adapted for modern interiors that maximizes the visual link to the contemporary exterior.

The three towers of Ferringhi Residence 2 are all linked together by a podium carpark. A uniquely designed clubhouse is located strategically between the three apartment blocks, at the top of the car park podium and in the middle of the facilities deck.

The clubhouse anchors the activities around the facilities deck by allowing crisscrossing from one side of the deck to the other through the provision of double entrances. Residents are spoiled for choice with facilities such as gym, badminton court, meeting room, infra-red sauna room, Jacuzzi, swimming pool, wading pool, tennis court, children’s playground, outdoor gym and various thematic gardens. Ferringhi Residence 2 also offers a “Renaissance Revival Garden” which is a new style of garden inspired by classical ideals of order and beauty in 15th century Rome and Florence.

* Article by Freemind Works *

Recently, it was reported in freemalaysiatoday.com that home loan rejection rate is as high as 70%. Well … applying for a loan can be a frightening task that will require a lot of your time and you need to figure out what documents to submit.

Actually, applying for a loan is not as complicated as you think it is.

Follow our 3Cs tips below to increase the chances of your loan application approval!

To claim your FREE credit report: https://goo.gl/forms/C1VIFVl4JnAxs98I3

Capability

The first “C” is capability. This refers to your ability to take a certain amount of loan based on your income.

First things first, if you want to apply for a home loan, you need to show proof of a source of consistent income. So keep all your income record properly.

Credibility

Bank evaluate your credibility from the CCRIS and CTOS report. These report will show

• Outstanding credit
• Special attention accounts
• Applications for credit that have been approved or are pending
• Business exposure, business ownerships and directorships
• Bankruptcy, legal action and case statuses.

You too, can have access to both your personal CCRIS and CTOS report. So, make sure to check that your credit report is updated and is in the positive to increase your loan application chances.

Consistency

Finally, the bank will evaluate your payment habit – do you pay your bills (instalments and credit card balance) on time, all the time? Or do you have a habit of making late payment?

If you are habitually making late payments, chances are the bank will reject your application. Therefore, pay all your bills on time consistently, either on or before the due date.

In closing

It is not entirely the fault of the banks, financial institution of even the property price that our loan application is rejected.

More often than not, it is due to our own ignorance and not having the right knowledge that is the root cause.

Now that you know bank rejects or approve our loan by evaluating our income (capability), debt (credibility) and payment habit (consistency), start with looking at and improving your CCRIS and CTOS report.

Bonus

If you have not yet seen a CCRIS or CTOS report, chances are you will not know how to read or understand one.

In my upcoming 4 hour property investment workshop this Saturday, 11 May (1pm – 6pm), I have invited my partner, MC Lee an experienced mortgage advisor, who will assist you in getting your CCRIS and CTOS report (normally, you will need to pay RM25, but in this case it’s absolutely F.R.E.E for you).

Additionally, you will also get a one-to-one session with the two of us, to go through your report with you.

Understanding and updating your credit report is an important first step in before you buy your property.

1. To claim your FREE seat to my property workshop and get a copy of your credit report plus a one-on-one session, fill in your details here:

>> https://goo.gl/forms/C1VIFVl4JnAxs98I3

2. My team will be in touch to let you know the next steps and documents needed from you

3. Collect your credit report this Saturday at the end of my property investment workshop

I look forward to seeing you this Saturday.

– Kaygarn Tan

Praicon Tower, a high-rise commercial development by Praicon Corporation Sdn. Bhd. at Butterworth, Penang. It is strategically located along the ever-bustling Jalan Chain Ferry, just a stone’s throw away from the Harbour Place integrated development scheme by OSK Property. Convent Secondary School and Econsave Hypermarket are within mere minutes walking distance.

This development comprises a 27-storey commercial building featuring 154 units of service suites and several commercial lots at ground level.

Project Name: Praicon Tower
Location : Butterworth, Penang
Property Type : Serviced apartment
Built-up Size: 816 sq.ft, 1,057 sq.ft. and 1,120 sq.ft.
Total Units: 154
Indicative Price: RM300,000 onwards
Developer : Praicon Corporation Sdn. Bhd.

Location Map: