For those who have missed some of the most popular housing projects in 2018, do not be despaired. Here are the 10 most active projects for you. 8 out of 10 in the list are affordable housing projects, each of them has been read by up to 40,000 users in 2018.

Affordable Housing @ The Zen

The Zen, the latest mixed development by Asia Green at Bayan Mutiara. Strategically located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from Penang World City integrated development ... Read More

Grace Harmony

Grace Harmony, the latest affordable housing by Nova Land Development Sdn. Bhd. at Jelutong, Penang. It is strategically located near Nova Place and Grace Residence by Nova Mulia Development, easily accessible ... Read More

The Tamarind

The Tamarind, a freehold executive apartments by E&O Property at Seri Tanjung Pinang, Penang. Located along Jalan Seri Tanjung Pinang 1, within walking distance to Straits Quay and Tesco. It ... Read More

Fairview Residence

Fairview Residence, an affordable housing development at Sungai Ara, Penang. Strategically located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. This is a ... Read More

Sandilands Foreshore

Sandilands Foreshore, an affordable housing development by Tanjung Villa Development Sdn. Bhd. (subsidiary of Tah Wah Group). It is strategically located at along Lintang Macallum 2 in Georgetown, just a ... Read More

One Foresta @ Bayan Lepas

One Foresta, the first i-Condo affordable housing by Ideal Property Group in Bayan Lepas, Penang. It is strategically located along Lengkok Kelicap, only a few minutes away from Penang Internation Airport, ... Read More

Mahsuri Square

Mahsuri Square, yet another proposed affordable housing at the South West district of Penang Island. It is strategically located within the established township of Bayan Baru, along Jalan Mayang Pasir ... Read More

Affordable Housing @ QuayWest Residence

QuayWest Residence, a freehold residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers, 253 units of which are categorized under affordable ... Read More

SenzVilles

SenzVilles, an upcoming residential development by Corfield Development Sdn. Bhd. in Sungai Ara, Penang. It is strategically located next to Skycube Residence, just a mere minutes drive away from sPICE ... Read More

The Sun @ Sungai Nibong

The Sun, yet another mixed development at Sungai Nibong, Penang. This upcoming project by Sepakat Mewah Sdn. Bhd. is strategically located along Jalan Sultan Azlan Shah, right opposite Kwang Hwa ... Read More

The increase of one per cent in stamp duty for the instrument of transfer for property exceeding RM1 million to RM 2.5 million is now effective July 1, 2019.

In a statement today, the Finance Ministry said the government would maintain the current stamp duty rate for six months from Jan 1 to June 30, 2019 to encourage the sustainability of activities in the real estate sector.

The government had previously during the tabling of the 2019 Budget, announced that the stamp duty would be raised from three per cent to four per cent for this category effective Jan 1, 2019.

Finance Minister Lim Guan Eng said the Pakatan Harapan government was very concerned and fair in determining a sufficient time frame for the transfer process to be undertaken in the interim before the new stamp duty becomes effective.

“As announced in the 2019 Budget, the government had agreed to grant a 100 per cent stamp duty exemption to first time house buyers for properties priced between RM300,000 to RM1 million,” he added.

He said for houses priced up to RM300,000, stamp duty is exempted on the instrument of transfer and loan agreement for the sale and purchase executed between Jan 1, 2019 to Dec 31, 2020.

“For homes priced between RM300,001 to RM500,000, the instrument of transfer and loan agreement is exempted, but limited to the first RM300,000, for the sale and purchase agreement completed between July 1, 2019 to Dec 31, 2020.

“However, the exemption is limited to the instrument of transfer for the purchase of houses priced between RM300,001 to RM1 million from any housing developer, from Jan 1, 2019 to June 30, 2019,” Lim said.

He also said the exemption of the stamp duty is aimed at continuing to encourage first time house purchases by Malaysians, improving the purchase of unsold units from developers, as well as boosting the property market,

“This is also a move towards overcoming the increasing residential property overhang,” Lim added.

Source: Bernama

by Anders Ong

There are so much confusion among people for categorizing the type of high rise properties. Most people cannot differentiate between flat and apartment or apartment and condominium. Thus, it is of utmost importance for us to learn each one of it to be more familiar.

Flat 

A residential title high rise without facilities, it can be a walk up low rise flat as well. Normally under low cost housing and controlled by the state government for the flat allocation.

Apartment

A greater version compared to flat with a minimal of one to three facilities such as playground, gated and guarded. It is usually categorized under affordable housing which is controlled by state government as well.

Service Suite/Service Apartment

A commercial titles high rise with basic facilities for dwelling purpose such as Small Office Home Office (SOHO). It can be use as office and as a residential purpose dwelling for Airbnb. The assessment, quit rent and utility charges are higher than residential titled property.

Condominium

A residential title high rise with a full numbers of luxury features like swimming pool, gymnasium and other facilities. Designed for residential purpose with facilities to complement a balance life style.

Penthouse

The top most unit condominium in a building which usually take up the whole floor or two floors. It is also designed to be the biggest unit most of the time.

Duplex

Technically it is a double storey terrace unit constructed in a high rise building with big glass to maximize the view and a staircase in the condominium unit to go the second floor. Some constructed in a mezzanine and some in a loft design.

Super Condo

A super low density condominium development and only have big size units, which is usually more than 2,000 square feet per unit and maximum of only 2 units per floor or 1 unit. It also come with minimum of 3-5 car park for the unit.

Remarks:
represents liveability and pricing

Anders Ong – Young Property Investor, Writer and Enthusiast of Real Estate. 

Imperial Ville, yet another development by Ideal Property Group at Sungai Ara. Located along Lintang Sungai Ara 10, surrounded by Imperial Residence, One Imperial, Idaman Lavendar 2 & 3, Idaman Cempaka and Idaman Melur. It is about 3km from Setia SPICE, 10 minutes drive to Penang International Airport.

The development will see the construction of 48-storey building, featuring 500 units of condominium with 6-level multi-storey carpark.

This project is still pending for approval, more details to be available upon official launch.

Project Name : Imperial Ville
Location : Sungai Ara
Property Type : Condominium
Tenure: Freehold
Total Units : 500
Indicative Price : (to be confirmed)
Developer : Premium Flame Development Sdn. Bhd. (Ideal Property Group)
Last Updated: Nov 2024

Location Map:

Jayamas Property Group continues to pledge on making quality property development via their tagline of aspiration “Your Home, Our Pride”. Their latest addition of MARC Residences proven to be a distinguished development which features a stylish 26-storey skyscraper with only 110 residential units while MARC Service Apartment offers 40 units of accommodation for urban travellers.

Apart from featuring premium recreational facilities, MARC Residences and Service Apartment stands out with its dual and tri-key concept, which offers the flexibility of generating passive income while having the shelter of a home.

A dual key home is a residential unit that can be split into two. Both are self-contained and share a common foyer and single title. The owner can rent out each section separately to maximize their rental income. Tri-key concept, probably first of its kind in Malaysia, is an extension of the dual-key but with greater flexibility that allows the owner to rent one property conveniently to three different tenants.

Strategic Location

This impressive lifestyle development is strategically located along Song Ban Kheng Road (also known as Jalan Song Ban Kheng), the most prominent bustling road connecting to the heart of Bukit Mertajam town which has rapidly evolved from an agricultural area into one of the fastest growing town in mainland.

Song Ban Kheng Road’s humble beginnings dated back to 1999, when it was built and named after Song Ban Kheng who became the principal for Jit Sin High School for about 20 years. Today, the road is a primary route in Bukit Mertajam providing connectivity among several public schools, residential and commercial areas. It is also the main access point for commuters going to neighboring towns, North South Expressway and even Penang bridge.

As locality is evolving over time, Song Ban Kheng road has been growing steadily towards becoming a desirable destination for business and property investment. Its geographical convenience has brought the rapid growth of urban population within the surrounding area and created abundance business opportunities. This is clearly evidenced with automobile service centers, hotels, financial institutions and popular eateries mushrooming within the neighbourhood in the recent years.

Certainly, those who are not familiar with Penang mainland property market would be surprised to discover that some of the residential and commercial properties near Song Ban Kheng Road have doubled in value over the past 5-6 years. In fact, today it could cost you well over RM1million to own a decent semi-detached house within the vicinity.

Investing for Passive Income

Should you have ever considered running an Airbnb or renting out your house to earn some income without the hassle of cleaning the rooms regularly or having the time to market and take bookings, then investment in MARC Service Apartment might just be the right choice for passive income.

When you are investing into a property for passive income, the old punchline “Location, Location, Location” still rules and remains the most crucial factor for profitability. Proximity to key commercial and industrial areas, workplace and highways are some of the major factors for its valuations.

Being centrally located within several industrial areas and with easy access to all major expressway, the prominent Song Ban Kheng road is set to experience continued growth with several more development projects in the drawing board; what more if hotel development is coming soon! The upcoming international hotel brand, coupled with high occupancy rate in hotels, is a clear sign of confidence in local rental and short-stay market.

With the scheduled launch of the MARC Residences and Service Apartment soon, it is set to bring a new playing field for local property investors in 2019.

For more details about this project, you may visit www.jayamasproperty.com