A proposed residential development by Golden Village Properties Sdn. Bhd. at Seberang Jaya, Penang. Located along Jalan Permatang Pauh, just a stone’s throw away from Butterworth-Kulim Expressway interchange. It will only take a mere minutes drive to Sunway Carnival Mall and about 5 minutes to Butterworth town center.

This development will see the construction of a two residential buildings and shop offices:

• 9-storey affordable condominium (112 units)
• 11-storey medium cost condominium (198 units)
• 4-storey shop offices (6 units)

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

Project Name : (to be cofirmed)
Location : Seberang Jaya
Property Type : Condominium
Built-up Size: (to be confirmed)
Total Units: 112 (affordable), 198 (condo), 6 (shop office)
Indicative Price: (to be confirmed)
Developer : Golden Village Properties Sdn. Bhd.
Last Updated: June 2021

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Yet another newly proposed mixed development by Iconic Development Sdn. Bhd. at Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, next to SK Sungai Nibong. It is only 10 minutes walk to two future LRT Stations – Sungai Nibong & Pesta Stations.

This development will feature a mix of 49-storey condominium (268 units) and 36-storey office suites (176 units).

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

Project Name : (to be cofirmed)
Location : Sungai Nibong
Property Type : Mixed development
Built-up Size: (to be confirmed)
Total Units: 268 (condo), 176 (suites)
Indicative Price: (to be confirmed)
Developer : Iconic Development Sdn. Bhd.

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Picture for illustration only

We have found yet another job posting by IKEA Southeast Asia for their first IKEA store in Penang.

From the latest job posting, it seems IKEA is now targeting to open their new store in Penang by 1st quarter of 2019. The company is now looking for a Deputy Store Manager, who will be on the job training at IKEA Cheras for 12-18 months and relocate to IKEA Penang in late 2018.

If you are interested in the job, you may check out their latest job advertisement at LinkedIn. The application closing date is 5 May 2017.

About IKEA Penang

First announced in early 2014, IKEA Penang will be the forth IKEA store in Malaysia and the second one outside of Klang Valley after Johor Bahru. Ikano had teamed up with Aspen Group in September 2014 to purchase 245 acres of land in Batu Kawan from Penang Development Corp to develop the Aspen Vision City (AVC), where the IKEA store would be located.

The IKEA store will bring affordable range of functional home furnishings to the northern region, along with hundreds of job and economic spin-off opportunities for the local community. The construction of the new IKEA store was scheduled to complete by Q3 2018. However, the latest job posting indicated that the new store will only open in Q1 2019.

Seri Tanjung Pinang Phase 2 will be divided into three phases namely STP Phase 2A, Phase 2B and Phase 2C. STP Phase 2A will comprise gross land area of approximately 252.81 acres of land (STP Phase 2A). The agreed infrastructure includes inter-alia bridges linking the STP 2A development land, roads (including roundabouts, intersection, underpasses and etc) and complementary facilities (such as pedestrian walkways and bicycle lanes), landscaping, drainage, sewerage and water system, electricity mains, telecommunication service corridors and street lighting.

The initial phase of STP 2A comprises 325 units of 3-strey terrace houses.

This is still in its planning stage and pending for approval. More details to be available upon official launch.

Project Name : (to be confirmed)
Location : STP 2, Tanjung Tokong, Penang
Property Type : 3-storey terrace
Total Units: 325
Indicative Price: (to be confirmed)
Developer : E&O Properties Sdn. Bhd.

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More than half of Malaysians surveyed want to own a home within the next six months, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda).

However, stringent lending rules continue to be a major deterrent, association president Datuk Seri F D Iskandar said.

In a poll of 1,655 respondents, he said 56% were looking to own a home within the next six months, primarily within the KLCC area and Kuala Lumpur city centre.

“About 38% of them are first-time house buyers, 30% repeat buyers, 23% investors, 6% expatriates and 3% tenants,” he said last week at a media briefing on Rehda’s House Buyers’ Survey 2017.

According to the survey, over a quarter of respondents said they would purchase a property within the next six to 12 months, 12% were unsure and 6% said they would like to own a home immediately.

Iskandar said the respondents’ preference to purchase property within the KLCC area and Kuala Lumpur city centre was “unrealistic.”

“If you want to buy a property in Damansara Heights or even Bangsar … then you’re going to be prepared to pay for it,” he said.

Apart from KLCC or the city centre, other sought-after locations in the survey in ranking order were Petaling Jaya, Cheras and Bangsar, Puchong and Shah Alam, and finally, Cyberjaya.

Iskandar said the bulk of the respondents were looking for property for self-dwelling purposes. Other reasons to purchase (in ranking order) were for family dwelling, rental yield, upgrading, holiday homes and investment.

The preferred property of choice were apartments/condominiums, followed by terrace/cluster/townhouses. Semi-detached homes, serviced apartments, bungalows/villas and commercial/shoplots ranked third, fourth, fifth and sixth, respectively, in the survey.

In terms of preferred property size, 34% of respondents said they were looking for a home that ranged between 1,000 sq ft and 1,500 sq ft, while 33% preferred units that ranged between 800 sq ft and 1,000 sq ft.

As for pricing preferences, 41% of respondents said they were looking for property that ranged between RM300,000 and RM500,000, while 32% were eyeing homes priced between RM500,000 and RM750,000.

Source: TheStar.com.my