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House prices will not come down, but sizes will

Property News/ 5 October 2017 No comments

penang-propertyHousing 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

 

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Orange Gate

Butterworth/ 3 October 2017 No comments

orange-gate

Orange Gate, a gated and guarded light industrial development by Tah Wah Group at Bagan Lallang in Butterworth. Located next to the interchange between North-South Highway and Butterworth Outer Ring Road. It is only 10km away from Penang Sentral, under 15 minutes drive to Penang Bridge.

This development comprises 16 units of 2-storey link factories, with a standard built-up area of 9,400 sq.ft.

Project Name: Orange Gate
Location : Bagan Lallang, Butterworth
Property Type : Light Industrial Factory
Total Unit: 16
Built-up Area: 9,400 onwards
Indicative Price: (to be confirmed)
Developer: Tahwah Group

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:

 

 

Co-working space has reached Penang

Property News/ 2 October 2017 Comments off

scoopoint (6)Co-working is a global movement to create innovative, collaborative and community driven workspaces that move beyond traditional work environments. Stop working alone – work for yourself, not by yourself.

In recent years, co-working space has been emerging as a new trend in Asia. This is supported by the rapid increase of remote workers and changing working styles, as new generations seek more flexibility in their job.

Co-working spaces are also sprouting up in Malaysia and a new player has just joined the fray in Penang. Located at the heart of Georgetown, disruptive co-working space Scoopoint offers amazing working environment and facilities. It is also a platform to live up to one’s passion, network, collaborate and inspire one another.

Penang is such a wonderful place to live, work and play. Unfortunately, many Penangites have left the beautiful island because of limited resources for career development, business advancement and chances of starting a business. Scoopoint aspires to change this perception to help Penang retain its talents.

Scoopoint founder Mei Tan said, “We connect entrepreneurs from different backgrounds and industries. We create a platform for them to collaborate, create opportunities and grow together as a strong and positive community here in Penang.

Find out more about Scoopoint

“We also provide creative and consultation services, such as branding, advertising design, social media marketing, estate planning and funding options to bring their business to the next level.”

“We have an in-house team with almost eight years of experience in the branding and advertising fields.We also provide consultation servicesby working closely with our panel of advisors, such as BrandYourself Agency, Asia Green Group, StayHi Social Media Marketing and InSync Group,” said Mei.

ABOUT CO-WORKING SPACE

Co-working space provides flexible and cost-saving renting of desks, small office rooms and meeting rooms. It is a solution for those in need of small working space with basic facilities.

In the past, many SMEs, start-ups, freelancers, self-employers and remote workers only had the options of working at home, in cafés or traditional office environment This was because renting and setting up a big office space is a costly long-term commitment.

WHO IS IT FOR?

Small businesses, freelancers, remote workers, budding entrepreneurs, start-ups and those who are looking to transition out of their isolated work environments – home offices, traditional office and cafés –into a creative workspace that will push their productivity and creativity to the next level.

HOW DOES IT WORK?

People and businesses of all kinds come together in one facility to share resources, create a community and reduce operating costs. They can opt to use a co-working space by the day or monthly, or anywhere in between. It is flexible.

Office facilities in Scoopoint include high speed internet supported by TIME, working desks and office rooms, cabinets, lockers, admin and mail services, electrical plug points, phone and conference booth, meeting rooms and training rooms. It also provides Virtual Office service packages.

Scoopoint believes in work life balance and positive working environment, so other facilities – a cosy sofa area overlooking the sea view, table tennis table, nap room, standing working station and a pantry area – are included. The pantry has all the necessities, such as microwave, toaster, coffee machine and refrigerator.

Mei said that Scoopoint also offers event and meeting room rental with full set of equipment for training, presentation, product launch, workshop, meeting and others.

Within Three months of operations, Scoopoint has already organised 24 events. Examples of the events are Big Step into UX design skill-share by Can Yelok, Women Entrepreneur Night by Krista Goon, Penang Entrepreneurs Networking Night, Intellectual Property Talk by Gordian, BrandYourself Showcase by Steve Wee, Product Design 101 from Expedio.

If you need more info and acquire on the plans can check out www.scoopoint.com or call us at 016-7290091 or 04-2621389.

 

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AFFORDABLE: Bayan Lepas / Ideal Property

Bayan Lepas/ 1 October 2017 9 comments /中文版

proposed-ideal-property-sungai-ara

Yet another affordable housing proposed at Bayan Lepas by I-Global Property Network Sdn. Bhd. (Ideal Property Group) at Bayan Lepas. Located along Jalan Dato Ismail Hashim, easily accessible via Jalan Sultan Azlan Shah. It is just a stone’s throw away the One Forest affordable house scheme.

This development comprises one block of 40-storey condominium, offering 560 affordable units with two standard built-up size – 750 sq.ft & 850 sq.ft.

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

Property Project : (to be confirmed)
Location : Bayan Lepas
Property Type : Affordable housing
Tenure: Freehold
Built-up Size: 750 sq.ft. & 850 sq.ft.
Total Units : 560
Indicative Price : (to be confirmed)
Developer : I-Global Property Network Sdn. Bhd. (Ideal Property Group)

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:

 

Mira Residence – Free 6D4N Melbourne Trip

Property News/ 30 September 2017 Comments off

Mira Residence, a fully furnished residence by BSG Property, situated in the self-contained township of Permai Village. It comprises 322 residences in twin elegant high-rise towers with 4-tier security. Each unit will come with 4 car parking bays.

Now, new buyers can enjoy an exclusive reward of a 6D4N trip to Melbourne! You will fly in Business Class with accommodation at Jasper Boutique Hotel.

mira-edm

CLICK HERE TO FIND OUT MORE

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