fbpx

UPCOMING: Batu Maung / Kayangstar Property Sdn Bhd

Batu Maung/ 11 April 2019 1 comment
proposed-at-batu-maung

Picture for illustration only

Proposed landed residential development by Kayangstar Property Sdn. Bhd. in Batu Maung, Penang. Located along Jalan Batu Maung, accessible via Lorong Batu Nilam 1. It is adjacent to Sunway Mutiara housing scheme by Sunway Property Group, approximately  2km away from Penang Second Bridge.

This development comprises a total of 28 units 3-storey semi-detached and terrace houses. It was formerly owned by Seal Properties Sdn. Bhd. (known as Sapphire @ Batu Maung), been sold to Kayanstar Property Sdn. Bhd. in 2017.

More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Batu Maung, Penang
Property Type : 3-Storey Semi-Detached & Terrace
Land Area: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units: 14 (semi-d), 14 (terrace)
Tenure : Freehold
Indicative Price: (to be confirmed)
Developer : Kayangstar Property Sdn. Bhd.

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Location Map:

 

Tambun Indah buys more land near Pearl City

Property News/ 10 April 2019 3 comments

land-bought-by-tambun-indah

A subsidiary of Tambun Indah Land Bhd is acquiring 27 parcels of freehold land in Penang for RM131mil in cash.

The group, in a filing with the stock exchange, said it has proposed to provide up to RM3.45mil in shareholders’ advances to its 70%-owned subsidiary, Mustiara Sdn Bhd, to fund the acceptance deposit and other costs of the acquisition.

The parcels of freehold land Mustiara plans to acquire from TPPT Sdn Bhd measure in aggregate about 209.54 acres, and are located in the district of Seberang Perai Selatan.

The group said Mustiara had, yesterday, paid the acceptance deposit of RM2.62mil, and the acquisition would be subject to a formal sale and purchase agreement to be entered into between the companies.

Tambun Indah said it anticipates extending financial assistance totalling RM3.45mil to Mustiara in shareholders’ advances, when necessary, with the advances subject to an interest rate of 5.12% per annum, calculated on a monthly basis.

Source: TheStar.com.my

 

Tags:

S P Setia Home Ownership Campaign

NOW IS THE BEST TIME TO PURCHASE YOUR DREAM HOME OR INVEST FOR THE FUTURE!

IT’S NO BIG DEAL, JUST BIG SAVING$$$$$!’

S P Setia as the market leader in the property development industry and also Malaysia’s No. 1 & International Award Winning Property Developer has participated in the nationwide ‘Home Ownership Campaign’ to REWARD YOU with MORE $AVINGS! Purchase a Setia Home by 30th June 2019 to enjoy stamp duty waiver on Memorandum of Transfer!

Setia-hocSETIA’S HOME OWNERSHIP CAMPAIGN BIG $AVER DEAL!

  • MOT stamp duty exemption
  • FREE RM90,000 furnishings
  • Attractive cash rebates 10% and more
  • Zero payment until vacant possession
  • Low/Zero down payment
  • Free 24 months maintenance fee and sinking fund
  • Free legal fee & stamp duty on SPA & loan documents
  • Booking fee from RM1k to own a Setia dream home

*T&C applies

S P SETIA SALES GALLERIES ARE OPEN DAILY

Setia Welcome Centre, SPICE
9:00am – 6:00pm (Weekdays)
10:00am – 6:00pm (Weekends)
Contact: 04-6412255

Setia Sky Vista Sales Suite, Lebuh Relau
9:00am – 6:00pm (Weekdays)
10:00am – 6:00pm (Weekends)
Contact: 010-3938804

Setia Sales Suite, Gurney Drive
9:00am – 6:00pm (Weekdays)
10:00am – 6:00pm (Weekends)
Contact: 04-2282255

Setia Sky Ville Sales Suite, Lorong Slim Jelutong
9:00am – 6:00pm (Weekdays)
10:00am – 6:00pm (Weekends)
Contact: 04-2828255

 

Tags:

No approval yet for LRT/PIL 1 projects, CM clarified

Property News/ 9 April 2019 4 comments

komtar-lrtThe Penang state government has yet to obtain approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project, chief minister Chow Kon Yeow said today.

He was responding to a news report by The Star, which had quoted unnamed sources claiming that both projects were set to begin construction in June 2020.

“The report is unsubstantiated as the Penang State Government has yet to obtain the approvals.

“Given such circumstances, we would want The Star to do the needful and take the necessary steps to rectify the mentioned report in order to spare the stakeholders of any further confusion,” he said in a statement here.

Chow, however, said the state government was currently at various stages of submission for approval its dealing with the federal government for both projects.

“We are confident of obtaining the sanctions in due course,” he said.

According to the news report, the LRT line comprised a monorail link, cable cars and water taxis to solve traffic congestion.

It begins from Komtar in the north-east region before ending at island B, one of the three man-made islands proposed under the Penang South Reclamation Scheme (PSR).

Meanwhile PIL 1 is a 19.5km highway project connecting Gurney Drive to the Penang International Airport.

Both projects are components of the RM46 billion Penang Transport Master Plan (PTMP) and are expected to be funded by the sale of the islands.

The LRT and PIL 1 projects have in the past been met with severe opposition from NGOs such as Penang Forum and Penang Citizen Awareness Chant Group.

Source: MalayMail.com

 

Tags:

Penang PIL and LRT construction expected to start in June 2020

Property News/ 8 April 2019 11 comments

PTMP

UPDATE: Penang state government has clarified that no approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project yet. 

The Star learnt that the PIL has received approval from the Depart­ment of Environment – the federal regulator overseeing the Environ­mental Impact Assessment (EIA) report – in March while the LRT is expected to receive a conditional approval from the Transport Minis­try in May.

Both mega projects will be tendered to local and international companies at the end of the year.

“We can expect construction work for both projects to start in June 2020,” sources said.

Earlier, it was reported that the construction work for LRT might start in early 2020.

Both the LRT and PIL are components of the RM46bil Penang Tran­sport Master Plan (PTMP) which has met with resistance from va­­rious conservation groups.

The LRT is an integrated transport solution comprising a monorail link, cable cars and water taxis to solve traffic congestion in Penang while the 19.5km PIL highway project connects Gurney Drive to the Penang International Airport.

The LRT begins from Komtar in the northeast corner of the island and passes through Jelutong, Gelu­gor, Bayan Lepas and the airport before ending at Island B, one of the three man-made islands proposed under the Penang South Reclama­tion Scheme (PSR) to accommodate the state administrative buildings and offices.

The SRS Consortium – a 60:20:20 joint venture involving Gamuda Bhd, Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Develop­ment Sdn Bhd – is the project delivery partner, appointed by the state government overseeing the implementation of the PTMP.

The SRS’s role is to supervise the projects until their completion and to scale down the cost.

The sources said approval for the PSR to create the three man-made islands totalling 1,821ha was likely to be given by the National Physical Planning Council before the end of this month.

“The tender to reclaim the island will be out in the third quarter of this year.

“Reclamation work is expected to start in the first quarter of 2020.

“There will be a need to construct a dam and three power plants for the islands.

“Island A will house indus­trial and residential projects.

“There will be industrial lots developed for sale to foreign and local investors to generate funds for the PTMP projects.

“Island B will accommodate the state administrative offices and commercial properties while residential properties will be developed on Island C,” the sources said.

They said SRS Consortium was expected to raise RM46bil from sales of the islands.

“About 75% of the 1,821ha will be for sale. The sale of the industrial lots has generated a lot of enquiries.

“Some 30% of the enquiries received so far is for the industrial land,” they said.

In the past, non-governmental bodies such as the Penang Forum and the Penang Citizen Awareness Chant Group have opposed both the LRT and PIL, urging the state go­­vern­ment to look at other options.

Last year, Chief Minister Chow Kon Yeow said that the major components of PTMP would be fully funded by revenue genera­ted from the sale of reclaimed land of the PSR project.

Read more: TheStar.com.my

 

Tags: