Merbok Sanctuary, an upcoming guarded residential development by Sunny Homes at  Nibong Tebal, located next Residensi Merbok by Asas Dunia. It is only 5km away from 2nd bridge interchange  and 7km to Batu Kawan Industrial estate.

This development comprises a mix of 2-storey semi-detached houses and link bungalow houses. There will also be 10 units of shop offices and a 9-storey hotel with 112 rooms.

Property Project : Merbok Sanctuary
Location : Nibong Tebal, Penang
Land Tenure: Freehold
Property Type : Semi-detached, link bungalows & shop offices
Total Units: 12 (bungalow), 62 (semi-d), 10 (shop office)
Indicative Price: (to be confirmed)
Developer : Sunny Homes

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Stonyhurst College

The Penang State Government, Stonyhurst College, and LAPIS announced on 16 Sept the development of Stonyhurst Penang International School in Seri Tanjung Pinang, Tanjong Tokong, Penang, Malaysia. It will attract both international and Malaysian students from the region to study in Malaysia, in line with the Penang State Government’s vision to develop Penang as an Education Hub.

The school, which will accommodate up to 1,200 local and international pupils aged 3 to 18, will be operated by Stonyhurst College upon completion in 2019. The school will offer both a British curriculum to prepare students for entry into the best UK and international universities and some Malaysian subjects for local students.

The Chief Minister of Penang, Mr Lim Guan Eng, witnessed the signing of the key agreements on this landmark collaboration involving the Penang State Government, LAPIS, and Stonyhurst.

Head Teacher of Stonyhurst, Mr John Browne commented: “Stonyhurst College was founded in 1593 and has a proud Jesuit heritage and culture. I am honoured and moved to be part of a new chapter in its history, by signing this agreement with Chief Minister Lim Guan Eng. The opening of the Stonyhurst College in Malaysia is an historic milestone for the school and one which I sincerely hope will benefit both the community of the school and the wider community around it.”

Chairman of the Board of Governors of Stonyhurst College, Mr John Cowdall said: “As Chair of the Board of Governors, it gives me the most enormous pleasure to witness the signing of the agreement which will allow Stonyhurst College to have a presence in Malaysia. The Board of Governors has given this historic development a great deal of consideration and we are delighted to have reached this significant stage. We are all committed to seeing this extraordinary project come to fruition.”

Director of LAPIS, Mr Michael Sng added: “LAPIS is proud to build on its success with St Joseph’s Institution International School in Kuala Lumpur to form a partnership with Stonyhurst in Penang. This has tremendous potential as the Penang State Government continues to successfully attract high quality foreign investment”.

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Source: ICN

Sunshine Residence, a 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers.

The residential component comprises 270 units of serviced apartments, with an indicative price ranges from RM800,000 onwards.

Property Project : Sunshine Residence
Location : Bandar Baru Ayer Itam (Farlim), Penang
Land Tenure: Leasehold
Property Type : Serviced apartment
Built-up Size: 1,300 sq.ft. & 1,900 sq.ft.
No. of Storey : 39-storey
Total Units: 270
Indicative Price: RM800,000 onwards
Last Updated: Jan 2020
Expected Completion: 2021
Developer : Crimson Omega Sdn. Bhd. (Suiwah Berhad)

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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.

SITE PROGRESS

SITE PROGRESS: Sunshine Residence (Jun 2023)

SITE PROGRESS: Sunshine Central (Oct 2022)

SITE PROGRESS: Sunshine Central (July 2022)

SITE PROGRESS: Sunshine Residence (Oct 2021)

SITE PROGRESS: Sunshine Residence (March 2021)

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.

This development will see the construction of a 34-storey building, offering 397 residential units with size ranging from 1,080 sq.ft. onwards. Indicative selling price starts from RM480,000, come with at least 2 car parks.

Project Name : Senzvilles (formerly known as Senzo Residence)
Location : Sungai Ara, Penang
Property Type : Condominium
Total Units: 397
Indicative Price: RM480,000 onwards
Land Tenure : Freehold
Developer : Corfield Development Sdn. Bhd.

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Progress Update (02 Jan 2018)

Most developers are pessimistic on future sales performance, with 76% out of 153 respondents anticipating that their sales will be below 50% in 2H2017 and 1H2018, according to a survey by the Real Estate Housing Developers Association (Rehda) titled “Property industry survey 1H17 and market outlook for 2H17/1H18” in Peninsula Malaysia.

Rehda president Datuk Seri FD Iskandar Mohamed Mansor said 48% of the respondents planned to launch a total of 17,535 units of properties in 2H2017.

Among the 17,535 properties, 9,647 are high-rise residential properties, 7,386 are landed houses and 502 are commercial properties.

As purchasers are taking a longer time to secure their loans and market sentiment remains weak, a majority of the developers are taking a conservative view of the performance of future launches.

The survey results showed that 39% of respondents expected sales in 2H2017 and 1H2018 to be around 26% to 50%, while 17% expected sales to stay below 25%.

Despite this, 16% of the respondents anticipated future sales to be around 51% to 75%, while 2% are optimistic about achieving above 75% sales in 2H2017 and 1H2018.

Meanwhile, as developers anticipate dampened market sentiments to extend to next year, most of them are adopting flexible pricing strategies to attract buyers.

For instance, the survey showed that Penang developers tend to lower the selling price range to RM250,001 to RM500,000, from RM500,001 to RM1 million in 1H2017.

In terms of market outlook, 48% of respondents have a pessimistic view of 2H2017 and 37% of respondents remain negative on the property market performance in 1H2018.

Besides this, the survey also revealed that 45% of property purchasers in 1H2017 are first-time homebuyers, followed by upgraders at 33%.

FD Iskandar noted that most buyers are buying for their own stay, upgrading homes or buying for family members.

Source: TheEdgeProperty.com.my