Hijauan Hills, a master-planned township development by Asas Dunia Berhad at Simpang Ampat. Located on a 450 acres of rolling hills land, rising to a maximum height of 95 meters above sea level. It is adjacent to SMJK Jit Sin II (Seberang Perai Selatan), just a mere minutes drive to Pearl City development by Tambun Indah Berhad.

This township will be developed in multiple phases, consists of the following components:

• 2-storey clustered semi-detached (364 units) – Phase 1 [Luna]
• 1-storey terrace (104 units, strata)
• 2-storey terrace (561 units, strata)
• 1-storey semi-detached (118 units, strata)
• 2-storey semi-detached (804 units, strata)
• 2-storey bungalow (251 units, strata)
• 2-storey shop office (176 units)
• 1-storey shop office (2 units)
• 3-storey shop office (1 unit)

Project Name : Hijauan Hills
Location : Simpang Ampat, Penang
Property Type : Township development
Total Units: 364 (Phase 1 – Luna)
Indicative Price: (to be confirmed)
Developer : Asas Dunia Bhd.

Location Map:

Another proposed residential development by Asas Dunia at Alma, Bukit Mertajam. Strategically located within established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a mere minutes drive to AEON Mall and Tesco Hypermarket.

The development comprises a mix of 2-storey bungalo, semi-detached and terrace houses:

• 2-storey bungalows (19 units)
• 2-storey semi-detached type A (30 units)
• 2-storey semi-detached type B (42 units)
• 2-storey clustered semi-detached (78 units)
• 2-storey terrace type A (110 units)
• 2-storey terrace type B (39 units)

This project is still pending for approval. Details to be available upon project launch.

Project Name : (to be confirmed)
Location : Alma, Bukit Mertajam, Penang
Property Type : Residential
Total Units: 19 (bungalow), 150 (semi-d/cluster), 149 (terrace)
Indicative Price: (to be confirmed)
Developer : Asas Dunia Bhd.

Location Map:

Property developer Eco World Development Group Bhd is confident of hitting its sales target of RM4bil this year after securing more than RM900mil in the first four months of the company’s current financial year ending Oct 31, 2017.

President and chief executive officer Datuk Chang Khim Wah said sales this year would be driven by 15 of the company’s ongoing projects, as well as several new ones planned for launch in the second half of this year.

The company plans to launch Eco Forest and Eco Business Park V in the Klang Valley, as well as Eco Sun and Eco Horizon in Penang.

“We plan to launch the projects either in the third or fourth quarter of this year,” Chang told reporters after the company’s AGM here.

Eco Forest has a gross development value (GDV) of RM3.5bil; Eco Sun and Eco Horizon have a collective GDV of RM7.76bil and Eco Business Park V a GDV of RM2.75bil.

“Going forward, we’re confident of meeting our sales target for 2017,” said Chang.

Eco World’s net profit surged 461% to RM116.17mil in the first quarter ended Jan 31, 2017 compared with RM20.67mil in the same period last year, due to a gain on dilution of its equity interest in Paragon Pinnacle, a unit of the company.

The developer saw revenue for the quarter jumping to RM592.71mil against RM463.51mil previously.

Eco World said the percentage increase in net profit was significantly higher than the percentage increase in revenue mainly due to the inclusion of a gain of RM94.8mil which arose from the application of FRS 10 – consolidated financial statements to recognise the impact of the change in the company’s interest in Paragon Pinnacle from a 100% subsidiary to a 60% joint venture.

This took place following the subscription by the Employees Provident Fund of 40% of Paragon Pinnacle’s enlarged share capital pursuant to the terms of the subscription and shareholders’ agreement between the parties.

Eco World said in the case of Paragon Pinnacle, the successful launch of Eco Grandeur, the development activities and other work performed since the acquisition of the land in Ijok had substantially enhanced the fair value of its underlying assets.

Accordingly, the value of the company’s retained 60% equity interest in Paragon Pinnacle has increased, resulting in the gain being recorded on the day the dilution took place.

For the first four months of the current financial year, the company secured RM955mil in sales, which was 57% higher than the RM607.8mil achieved in the first four months of 2016.

A total of RM797mil was contributed by projects in the Klang Valley, while the remaining RM158mil was from projects in Johor and Penang.

Chang said Eco World’s landbank stood at 8,000 acres, with 55% in the Klang Valley. The company has remaining landbank in Iskandar Malaysia, Johor and Penang.

“About 2,500 acres have already been developed,” he said.

Source: TheStar.com.my

Foreigners buying landed properties in Penang island can now only do so if the property is priced above RM3 million.

The Penang government has agreed to halve the approval fee for foreign purchasers of some stratified properties on the island from three per cent to 1.5 per cent.

The reduction will apply only to stratified properties on the island costing between RM1 million to RM1.5 million, said state executive councillor Jagdeep Singh Deo today.

The state housing development committee chairman said the state exco decided this today after considering proposals by Penang Real Estate and Housing Developers Association (Rehda) last week.

Rehda Penang had proposed to the state to reduce the approval fee to 1.5 per cent and for the state to reduce the minimum price for foreign purchase of stratified properties on the island to RM800,000.

“We will not reduce the cap price for foreign purchase of properties in Penang but instead, we will increase the minimum price for landed properties on the island from RM2 million to RM3 million,” he said.

The state government introduced the measures to curb property speculation by foreigners in 2015, limiting non-citizens to properties above RM2 million for landed properties and RM1 million for stratified properties on the island.

The minimum price for the mainland is RM1 million for landed properties and RM500,000 for stratified properties.

The Penang state government also introduced a three per cent approval fee for all foreign purchase of properties in the state at that time.

Jagdeep told a press conference in Komtar today that all landed property purchases by foreigners will continue to attract the full fee.

“We came to these decisions to protect the locals’ interests,” he said.

He stressed that this decision does not include any reduction in minimum price for industrial properties.

He again reiterated that there are no discounts given to foreigners to purchase properties in Penang, regardless if its industrial, residential or commercial.

Source: TheMalayMailOnline.com

Picture shows the existing Ariza Courtyard Terrace

Ariza Seafront Terraces, the final phase of landed property development by E&O within the mature neighborhood of Seri Tanjung Pinang Phase 1. Located next to E&O’s Sales Gallery, less than 5 minutes walk to Straits Quay retail marina.

This development will offer 32 units of 3-storey freehold terrace homes with a standard built-up of 3,800 sq.ft.. It is similar in architectural design to the highly successful Ariza Courtyard homes that marked Seri Tanjung Pinang’s debut launch in 2005.

More details to be available upon official launch. Register your interest now for early bird invitation.

Project Name: Ariza Seafront Terrace
Location : Seri Tanjung Pinang, Penang
Property Type : 3-storey terrace
Built-up Area: 3,800 sq.ft. onwards
Total Units: 32
Indicative Price: (to be confirmed)
Developer : E&O Property (Penang) Sdn. Bhd.

Location Map: