Article by Freemind Works

To own our own home is viewed by society as one of the key milestones of being successful. Hence, we will almost always buy a property for our own stay first.

However, with the rising home prices and the fact that our salary or income is still at the level it was 10 years ago, owning a home continue to be a big challenge to many people.

Therefore, to be a smart property investor, you need to have the right strategy or methodology.

To find out more, How To make RM20,000 to RM60,000 A Year in Property Investment, without having to sell it, click here:

>>> http://bit.ly/proptalk17

#1. You should never buy your first property for own stay. Buy your investment property first.

Firstly, buy a property for investment. Make money buying this property. Rinse and repeat. By doing so repeatedly, you will be able to build up sufficient fund to eventually buy your dream home.

#2. Buy the investment property at below market value.

By following the 15 steps outlined in the Master Key Method®, you can potentially identify a below market value. A property that fits into all the criteria will enable you to make money when buying your investment property. The seed money generated will enable you to buy your next property and slowly build up a sizeable property portfolio.

#3. Maximize your ROI.

Always aim to maximize your ROI when buying your property.

When we invest our hard-earned money in any investment vehicle, one of the most important criteria for us to consider is the Return On Investment (ROI). Using the Master Key Method®, we can increase our ROI up to 2,000%!

If you recall, the recent money game scheme that got busted offered a return of 240%. Based on this high return, many will say that it is a scam. But I’m telling you now that buying the right property can generate even higher returns.

Let me illustrate:

Using the Master Key Method®, you identified a property selling at RM100,000. You buy this property with only RM1,000 and you make RM20,000 from just this one property. Let’s calculate the returns.

(%)ROI = RM20,000/RM1,000 x 100% = 2,000%

That is a whopping 2,000%.

The best part about using this method is that you still own the property and continue to collect monthly rental that gives you positive cash flow and passive income every single month.

I will be sharing more about the Master Key Method® and how you can invest in Property With Under RM1,000 and make RM20,000 to RM60,000 A Year with high ROI, on the following date:

Date: 23 September 2017 (Saturday)
Time: 1pm – 6pm
Venue: Vistana Hotel

So do block your calendar reserve your seat.

And now for the good news. For readers of Penang Property Talk, you get to attend this workshop for FREE. But only for the first 17.

Click here now to reserve your seat:

>>> http://bit.ly/proptalk17

– Kaygarn Tan

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Work on Jalan Bukit Kukus, the alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul in Penang is progressing slightly ahead of schedule.

The project, which began on Jan 15 last year, is slated to be completed on Jan 14, 2019.

Penang Island City Council (MBPP) Infrastructure and Traffic Committee alternate chairman Muhammad Bakhtiar Wan Chik said the overall progress of the project was currently at 36% while the progress of the three segments under the MBPP was slightly ahead of schedule.

“Meanwhile, private developers PLB Land Sdn Bhd and Geo Valley Sdn Bhd are working on two stretches of the 5km road.

“Segments 1 and 2 which involved upgrading works to the existing road have been completed while Segment 3 is 45% completed.

“On top of that, MBPP is also constructing a 600m elevated road linking Jalan Bukit Kukus to Jalan Tun Sardon,” he said during a site visit to the project in Bayan Lepas yesterday.

Muhammad Bakhtiar said the council was upgrading a 1.1km stretch along Lebuhraya Thean Teik and a 1.5km stretch along Lebuh Bukit Jambul as part of the project.

“We are also building an elevated U-turn along Lebuh Bukit Jambul for those who want to make a turn and go back to Relau.

“The right turn from Tingkat Bukit Jambul to Lebuh Bukit Jambul will be removed and a roundabout is being installed for safer and smoother traffic.

“People from Paya Terubong can directly access Lebuh Bukit Jambul via the roundabout,” he said.

Muhammad Bakhtiar said the three segments by the council cost RM275.6mil while the whole project would cost RM545mil.

MBPP Engineering Department deputy director A. Rajendran, who was also present, said they were currently building the columns with the highest being 50m along Segment 3.

“One of the reasons we are building such high columns is to minimise hill cutting.

“We are trying to minimise the disturbance and we will also plant trees and shrubs after the project is completed.

“We are currently working on creating the road platform, and strengthening and stabilising the slopes,” he said.

Rajendran added that the main issue faced by the project was the unpredictable weather.

“The rainy season has made it difficult as we cannot do any earth works when it rains.

“We are hoping everything goes as scheduled and barring any unforeseen circumstances, we will be able to complete the project on schedule,” he said.

The alternative road is intended to ease traffic congestion along Jalan Paya Terubong, which is an arterial road linking Bayan Baru, Balik Pulau and Air Itam.

Source: TheStar.com.my

Picture for illustration only

Perbadanan PR1MA Malaysia (PR1MA) is planning to develop two new townships in Teluk Kumbar, Penang and Teluk Intan, Perak.

Its chief executive officer Datuk Abdul Mutalib Alias said the ongoing projects, however, are subject to approval by the respective state governments.

“We will announce both projects to the public once we receive approval from the state (government),” he told a press conference here, today.

The township in Teluk Intan is a mixed development (commercial and residential) covering 142 acres while the township in Teluk Kumbar is another mixed development that covers 110.5 acres.

Earlier, Abdul Mutalib signed a Memorandum of Agreement with the Malaysian Institute of Planners (MIP), represented by its president Ihsan Zainal Mokhtar, to kickstart the PR1MA-MIP Township Ideas Competition 2017/2018.

Themed ‘Youth in Community – Why I See’, the competition calls on youths, young graduates and new practicing planning firms to create a residential township that enhances community spirit in a well-planned, sustainable and resilient development with special focus on the roles of youth and needs in the community.

Abdul Mutalib said the creation of a harmonious and dynamic community living goes beyond the brick and mortar aspect of a property development.

“PR1MA believes that youths play an important role in the community. This competition would enable them to translate their aspirations into designs that not only reflect their needs and interests, but also their role in the community,” he said.

With more than RM100,000 cash prizes up for grabs, the competition is divided into four categories namely Neighbourhood Design Ideas for Undergraduate Students (planning, architecture and landscape); Township Design Ideas for MIP Young Graduates (planning); Green Township Design for MIP New Planning Firms (planning) and PR1MA Research Proposal, which is open to the public.

Registration for the competition will be opened until Oct 10. The date of submission for the fourth category is Nov 30, while the date for submission of the other three categories in Feb 5, 2018.

Source: TheMalayMailOnline.com

Cheers and Swedish meatballs liven up Batu Kawan today as IKEA marked the start of construction for its first store in Northern Malaysia.

IKEA co-workers, business friends and government officials came together for a groundbreaking ceremony at the site for IKEA Batu Kawan, Penang. The event gave visitors a taste of things to come as they were served Swedish themed food as a light lunch.

Opening in 2019, the development will put a blue-box IKEA store within a one-hour drive of more than 825,000 households in Penang.

Christian Rojkjaer, Managing Director of IKEA Southeast Asia shares that the IKEA Batu Kawan store which spans 433,000 square feet will offer more Malaysians easier access to well-designed, functional and quality home furnishing at affordable prices.

“We have seen people from Penang driving more than 350 kilometres to shop at IKEA in Kuala Lumpur. This store in Batu Kawan will make it easy for them to come for a great day out”.

The Swedish home furnishing retailer is an important part of Aspen Vision City, a mixed-use development that promises to transform Batu Kawan into a vibrant community with condominiums, a financial hub, a school and parkland among others. The long-term development plan calls for IKEA to be integrated into a large shopping centre.

IKEA is like a magnet for Batu Kawan,” said Yang Amat Berhormat Lim Guan Eng, the Chief Minister of Penang and keynote speaker at the groundbreaking ceremony.

“The store will not only attract millions of shoppers – it will bring hundreds of new jobs, create spin-off business for suppliers, draw in tourists and new investors,” the Minister said. “Attracting IKEA to our state has long been a key part of our plan to make Penang an international and intelligent state that is also an attractive destination where people live, learn, work and play.”

At more than 433,000 square feet (39,979 square metres), IKEA Batu Kawan will create great day out for millions of visitors each year and help IKEA Southeast Asia realise its vision: to create a better everyday life for the many people in this region.

IKEA Batu Kawan will include all the features IKEA fans in Malaysia have come to know and love: home furnishing inspiration in more than 50 room sets, thousands of affordable products – flat-packed and ready to take home the same day, a free playground for children, loyalty programs for the whole family and the IKEA Food experience.

Pathmalingam Arumugam, Store Manager, IKEA Batu Kawan.

People in Penang can also look forward to ideas and products that help them to enjoy a more sustainable life at home while saving money along the way. The range includes products such as LED lightbulbs, efficient taps, food savers, recycling bins and home gardening solutions.

The IKEA Batu Kawan Store Manager, Pathmalingam Arumugam, is from Northern Malaysia and previously led the set-up up and operation of IKEA Cheras in Kuala Lumpur. Mr. Arumugam has already started his search for passionate retail leaders to join the pioneer team in Batu Kawan, and more than 300 local co-workers will be hired before the store opens.

IKEA Batu Kawan, Penang will become the fourth IKEA store in Malaysia, with two in Klang Valley and another in Johor Bahru, Tebrau, slated to open by end 2017. This new store promises to satisfy Penangites’ hunger for affordable home furnishings – and those famous Swedish meatballs!

Yet another gated & guarded residential development by Tambun Indah Group at Bukit Merajam. Strategically located within the established township of Kota Permai, just a stone’s throw away from the ever bustling Jalan Song Ban Kheng. Beng Teik primary school is only a mere minutes drive away.

This development will offer a total of 92 units of 2-storey terrace houses within community hall and swimming pool:

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

Property Project : (to be confirmed)
Location : Kota Permai, Bukit Mertajam
Property Type : Gated and guarded
Tenure: Freehold
Built-up Size: (to be confirmed)
Total Units : 92
Indicative Price : (to be confirmed)
Developer : Jasnia Sdn. Bhd. (Tambun Indah)

Location Map: