A proposed affordable housing by Montrico Development Sdn. Bhd. at Teluk Kumbar. It is strategically located a long Jalan Teluk Kumbar, less than 3km from Penang International Airport. Neighboring communities include but not limited to Prestige Heights, Platinum III, Teluk Kumbar Heights and Sunway Aspera.

This development will see the construction of a 49-storey skyscraper with 9 level of car parking podium. It features a total of 1,046 affordable housing and 200 low-medium cost units. There will also be 24 units of shop offices located at ground level.

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

Project Name : (to be cofirmed)
Location : Teluk Kumbar
Property Type : Affordable / Shop offices
Built-up Size: (to be confirmed)
Total Units: 1,046 (affordable), 200 (LMC), 24 (shop office)
Indicative Price: RM75,000 onwards
Developer : Montrico Development Sdn. Bhd.
Last Updated: June 2023

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Harmony 18, a small commercial development by Villa Hectares Group along Jalan Tasek Gelugor, within the center of Tasek Gelugor Township. It is adjacent to Villa Harmony – a gated and guarded housing scheme by the same company.

This development will offers 18 units of 2-storey shop offices, with a standard built-up size of approximately 2,500 sq.ft.

Project Name: Harmony 18
Location : Tasek Gelugor, Penang
Property Type : 2-storey shop offices
Built-up Area: ~2,500 sq.ft.
Land Area: ~1,280 sq.ft.
Total Units: 18
Developer : Villa Hectares Group

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Everyone likes to make money through property investments. Property investments have gone through a new ball game. Investors need to equipped themselves with the necessary tool to invest wisely.

Miichael has 20 years of experience in property and mortgage industry and would like to share with you the insights on how to be a wise property investor. For the last 5 years he has spoken in seminars, developers projects launch and also conducted many courses.

What are the steps should investors take when you invest in property? Miichael will share with you the right way to start your property investment journey and to avoid painful mistakes that will cost you a whole lot of money.

Highlights of Miichael’s talk

• Going forward what will happen in 2017?
• How to invest in turbulent times?
• The pitfalls in property investing.
• Strategies to use in 2017 and beyond
• How to make sure the banks lend to you?

It is time to break away from your usual routine. Instead of working 9-5 job look for alternative way to make more money.

Let the “MONEY” works harder for you. Be street smart not work smart only

If you are serious to learn from Miichael he will be having a talk at

Venue: Vistana Hotel, Penang
Date: 26th May 2017
Time: 2.30 pm to 5.30 pm

Sign Up today…. Limited seats available

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The Penang government will scrap the undersea tunnel project if the Federal Government grants approval for a third bridge in the state.

State Public Works, Utilities, Transportation Committee chairman Lim Hock Seng said this is based on cost justification of the bridge construction and maintenance which was way cheaper than the undersea tunnel proposed by the state government.

“The undersea tunnel project (Third Link) connecting Gurney Drive and Bagan Ajam is still at the feasibility study stage and has reached 87% of the study,” he said at a question and answer session yesterday.

He was replying to a question from Datuk Muhamad Farid Saad (BN-Pulau Betong) who wanted to know the status of the construction of three highways and undersea tunnel which had been planned by the Penang government.

Lim said the feasibility study on the tunnel, which was originally expected to be completed in December 2016, was granted an extension until September 2017.

“The extension was given after taking into account the need to coordinate information which involved the master plan for sea reclamation projects around Bagan Ajam which had not been finalised,” he said.

Lim said so far, total payment for the main road and tunnel projects in Penang was RM219,987,410.

He said of the amount, RM208,755,080 was paid to Consortium Zenith Construction Sdn Bhd as the project contractor and RM11,232,330 to HSS Integrated Sdn Bhd as the independent project technical consultant appointed by the state.

“So far nothing has been paid to the DEIA (Detailed Environment Impact Detailed Assessment) consultants,” he said.

The construction of the undersea tunnel is part of the Penang Transport Master Plan to solve traffic congestion on the island.

Source: Bernama

Sapphire Bukit Panchor, the latest commercial development by Bukit Punchor Development Sdn. Bhd. (A subsidiary company of Thriven Global Berhad) at Bukit Panchor Industrial Park in Nibong Tebal, Penang. It is located at the intersection of Jalan Industri 2 and Jalan Industri 4, less than 3km away from Jawi toll plaza. Penang Second Bridge is only 20 minutes drive away via North-South Expressway.

This project is consisting of 25 units of 2-storey shop offices, with an indicative selling price of RM653,000 onwards.

Project Name: Sapphire Bukit Panchor
Location: Nibong Tebal, Penang
Property Type: 2-storey shop offices
Built-up Size: 3,183 sq.ft. onwards
Land Size : 1,604 sq.ft.onwards
Total Units: 25
Land Tenure: Freehold
Indicative Price: RM653,000 onwards
Developer: Bukit Punchor Development Sdn. Bhd. (Thriven Global Bhd)
Contact No: 04-5062688 / 012-4900113 / 016-4183512

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