M Vista @ Southbay, is an upcoming project by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge.
Stay tuned for the launching of this 237-unit serviced residence in October, with an indicative price from RM345,000 onwards.
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Penang government will go ahead with its plan to build dormitories for foreign workers at five identified locations despite objection by the local residents.
State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the Penang government was going ahead with its plan to build dormitories for foreign workers to address the social problem involving foreigners.
He said the first foreign workers dormitories which were currently under construction in Bukit Minyak were expected to be completed by August next year.
“The current progress of the project in Bukit Minyak has reached 40% and I believe it will be completed by next year to combat rising social ills involving the foreigners,” he told reporters after attending prayers at Sri Ramar temple at Solok York here today.
It was reported previously that residents in Juru has been objecting the plan to build the foreign workers dormitories in their areas citing that the areas will be flooded with foreigners and it could contribute to the increase in social problems.
However, Jagdeep said the state had approved five applications to build foreign workers’ dormitories and among the first one to be completed was the 6,000 bedded block in Bukit Minyak.
Jagdeep said the other location of the planned foreign workers dormitories were Juru, Permatang Tinggi, Valdor Industrial areas and Permatang Damar Laut in Batu Maung.
“Apart from Juru which is currently at the planning stage, the rest of the foreign workers dormitories are progressing well,” he said.
He said the dormitories at these five places would be able to accommodate more than 25,000 workers while they were required to have facilities such as a multipurpose hall, canteen and sick bays.
“Penang has around 200,000 foreign workers. We are looking at catering up to 10% of the number,” he said.
Jagdeep said the purpose was to absorb workers currently staying at places such as flats.
He said there had been numerous complaints from the public of the big number of foreign workers staying at flats, sometimes occupying over half of such housing schemes.
Source: Bernama
The Paradigm Suites, an upcoming high-rise residential development by Eligan Base Development in Seberang Jaya, Penang. Located of Jalan Kelisa Emas, just a mere minutes drive to AEON Big hypermaket. Neighboring condominiums include K Residence, Primero Heights and Kelisa Residence.
This development comprises a 16-storey condominium, offering 96 residential units with four design type. Built-up area ranges from 1,272 sq.ft. to 1,596 sq.ft.
Property Project : The Paradigm Suites
Location : Seberang Jaya
Property Type : Condominium
Tenure : Freehold
Built-up Size: 1,272 sq.ft. – 1,596 sq.ft.
Total Units : 96
Indicated Price: (to be confirmed)
Developer : Eligan Base Development
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Canary Heights, another proposed high-rise development by Palmex Industries Sdn. Bhd. (subsidiary of IOI Properties Group), within the established township of Sungai Ara. It is located off Persiaran Kelicap, next to the company’s ongoing Stramax Residences gated and guarded housing scheme.
This development comprises two blocks of 35-storey condominium with 320 residential units.
This project is still pending for approval. More details to be available upon project launch.
Project Name : Canary Heights
Location : Sungai Ara, Penang
Property Type : Condominium
Total Units: 320
Land Tenure: Freehold
Indicative Price : (to be confirmed)
Developer : Palmex Industries Sdn. Bhd. (IOI Properties)
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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement, unless stated otherwise. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.
Housing prices will definitely not go down as elements of property development such as land cost and development charges keep increasing, said a group of panellists.
“Property prices will definitely go up. We have asked various parties to help bring prices down. So, this is one of the challenges we are facing,” said Real Estate Housing Developers’ Association (Rehda) president and Glomac Bhd CEO Datuk Seri FD Iskandar at a CEO roundtable on overcoming key issues and challenges in housing and property development.
He added that new homes are becoming smaller because property developers are looking at absolute selling prices.
While affordable homes are currently a trend, he pointed out that a city cannot progress with just affordable homes, as people who move up the socioeconomic ladder will yearn for a property to match their upgraded lifestyles.
“So, we need a wide range of product offerings for homebuyers,” he added.
“However, as World Bank said, although the projection for our GDP growth increased, there is still a bit of risk in our currency and the global economy.”
Moderated by Savills (M) Sdn Bhd executive chairman Datuk Christopher Boyd, the panel also includes LBS Bina Group Bhd group managing director Tan Sri Lim Hock San, MKH Bhd group managing director Tan Sri Eddy Chen and Lendlease Projects Sdn Bhd director and country head Dinesh K Nambiar.
The panel discussion was part of the 20th National Housing & Property Summit 2017 organised by Asian Strategy & Leadership Institute yesterday and today (Oct 6) at Sunway Resort Hotel & Spa in Bandar Sunway.
Source: EdgeProp.my
