A proposed 10-storey serviced apartment development by Multi Majestic Sdn. Bhd. at Sungai Bakap. Located along Jalan Sentosa, just a stone’s throw away from Sungai Bakai Hospital. It is only 20 minutes drive away from Penang Second Bridge via North-South Expressway through Jawi interchange.

This is probably going to be one the first serviced apartment at Sungai Bakap, offering 24 residential units with facilities.

The project is still pending for approval. More details to be available upon project launch.

Project Name: (to be confirmed)
Location : Sungai Bakap
Property Type : Serviced apartment
Built-up Size: (to be confirmed)
Total Units: 24
Indicative Price: (to be confirmed)
Last Updated: Jan 2020
Developer : Multi Majestic Sdn. Bhd.

Location Map:

The proposed Penang Sky Cab project is still in the works, said Penang Chief Minister Chow Kon Yeow.

Chow said Penang Sentral has already obtained approval for its detailed environment impact assessment (DEIA).

“The project is not scrapped. It is still very active. The ports of landing may be adjusted and the alignment will be changed,” he told reporters after a site visit to Penang Sentral on Tuesday.

The Penang lawmaker said the alignment may be changed so that it is closer to the inner city of George Town.

The Penang Sky Cab project is a 3km cable car system that will traverse the channel between the island and the mainland.

Undertaken by Penang Sentral Sdn Bhd, which is under the Malaysian Resources Corporation Berhad (MRCB), the project was first announced in 2015.

Penang Sentral reportedly obtained approval from the Department of Environment for its DEIA in 2016.

The first phase was initially expected to be completed this year but work has yet to commence on the project.

The cable car system will connect Penang Sentral in Butterworth with George Town on the island.

The first phase of the project will have 40 cabins capable of transporting about 1,000 passengers both ways per hour.

Source: Malay Mail

You are cordially invited to be part of Penang Affordable Homes and Secondary Market Expo 2018 at PECC EXHIBITION & CONVENTION CENTRE on 25 & 26 August 2018. This is a special event for first time home buyer with free seminars and talk shows on both days.

(This event will be officiated by YB Jagdeep Singh Deo A/L Karpal Singh)

VENUE:
PECC Exhibition & Convention Centre
(Sunway Carnival Mall)

DATE/TIME:
25 & 26 August 2018, 10AM – 10PM

EVENT HIGHLIGHTS:
Affordable housing projects, secondary property, landed property, luxury high-rise and commercial projects

for more enquiries, pls log on to Property Queen’s FB https://www.facebook.com/www.propertyqueen.com.my/ or call 04-2839111

[Sponsored]

Bank Negara Malaysia (BNM) is expected to roll out a special housing loan scheme tailored for the low-to-middle income group with regard to first-home ownership by next month, according to the ministry of finance (MoF).

“BNM is in the process of finalising a new financing scheme for the purchase of first homes for the low-to-middle income group with several pioneer banks, Cagamas Bhd and the housing and local government ministry,” the ministry said in a written reply to a parliamentary question by member of parliament for Padang Besar Datuk Zahidi Zainul Abidin, who asked about the government’s strategy to help people obtain bank loans for affordable housing and first-home financing for youth in view of BNM’s strict conditions and procedures.

The features of the scheme include giving flexibility to banks in lending guidelines for first-home buyers, requiring first-home buyers to attend financial counselling to ensure they receive adequate financial advice before taking a housing loan, and reducing the overall cost of first-home ownership such as stamp duty and insurance.

The ministry said for the time being, homebuyers who intend to purchase their first home can access the schemes offered by financial institutions in collaboration with the government such as My First Home Scheme, Skim Jaminan Kredit Perumahan, Skim Pembiayaan Fleksibel PR1MA and Skim Sewa-Beli Hartanah.

Source: EdgeProp.my

A proposed mixed development by GVC Property Sdn. Bhd. (Ideal Property Group) at Bayan Baru. Strategically located along Persiaran Bayan, adjacent to SK Sungai Ara and SJKC Chong Cheng. It is about 1km to Setia SPICE Arena, under 5 minutes drive to Penang International Airport.

This development comprises a mix of residential and commercial components in 4 parcels:

Parcel 1:

• 39-storey condominium (389 units)
• Shop office (23 units)

Parcel 2:

• 6-storey building with shop offices, hawker stalls and multipurpose hall

Parcel 3:

• 3-storey office block

Parcel 4:

• Future development (Football field)

This is still pending for approval. More details to be available upon project launch.

Project Name: (to be confirmed)
Location : Bayan Baru
Property Type : Mixed development
Built-up Size: (to be confirmed)
Total Units: 389 (condominium), 23 (shop office)
Indicative Price: (to be confirmed)
Developer : GVC Property Sdn. Bhd. (Ideal Property Group)

Location Map: