Hua Yang Berhad has charted a successful expansion into the Penang property market via the positive reception of its first development in the State. Meritus Residensi, which was introduced in November 2016, recorded a good take up rate of 34%.

The project, which was officially launched on 31st January 2017 in conjunction with the Group’s Chinese New Year celebration, comprises 480 units of serviced apartments and 15 retail shops with an estimated Gross Development Value (GDV) of RM220 million. This 4.32-acre development makes up the first phase of a 6.98-acre freehold mixed development located along the vibrant Jalan Baru. The estimated GDV of the overall development is RM324 million.

Speaking at the official launch of the project, Assistant General Manager of Hua Yang, Tony Ng said that the Group will continue its efforts in offering affordable housing in the Penang market. “There is a rise in demand for affordable homes in Malaysia and this is especially evident in key urban centres such as Penang. The State is developing rapidly and land is becoming more and more scare, opening doors to high-rise developments such as Meritus Residensi.”

“We are heartened that our inaugural project here has been well-received, and this encourages us to further commit resources in developing affordable projects in Penang. One way to do this is to ensure we continuously engage with Penangites, and this is only possible if we are present here on a permanent basis.”

Meritus Residensi comes in a variety of sizes, from 945 sq.ft. (square feet) onwards, and are priced from RM364,500. The project is expected to be completed by 2020. The Group now has a total undeveloped land bank of 335 acres in the Northern region with a potential GDV of RM1.9 billion.

Established in 1978, the Group today is recognised as one of the nation’s leading property developers in the affordable housing segment, with a strong footprint in Klang Valley, Perak and Johor. The Group’s foray into the Northern region is an extension of Hua Yang’s vision to help make dreams of affordable home ownership a reality.

Picture for illustration only

Property and construction-based PLB Engineer-ing Bhd is planning to start a RM2.6bil affordable housing project in Paya Terubong in mid-2017 on a 113-acre site.

Group executive chairman Datuk Seri Ong Choo Hoon told StarBiz at an AGM recently that the project would comprise 7,658 affordable units priced between RM300,000 and RM390,000.

“The project would be launched in stages over a six-year period.

“This year, we plan to kick off with the development of 1,280 affordable units with a gross development value of RM450mil,” he said.

Ong said the group planned to develop over 2,000 units of commercial and residential properties on the same site in the near future.

On the island, the group plans also in June to develop an RM150mil condominium project in Zoo Road.

“There are 206 units, of which 50 units will be priced between RM200,000 and RM300,000.

“The other units are priced from RM500,000 onwards,” he said.

In 2019, Ong said the group planned to develop an RM1bil mixed-development project on a 200-acre site in North Seberang Prai.

“We plan to develop landed property, apartments and shophouses on the site,” he added.

The group currently has over 100 acres of undeveloped land bank on the island and about 300 acres in Seberang Prai.

In a recent announcement to Bursa Malaysia, the group said it had unbilled sales of RM46mil from ongoing construction projects in Bukit Minyak, Prai and Penang island, which is expected to contribute to the group’s turnover over the next one year.

PLB said the property development segment for the group would continue with the development of the final phase of the Balik Pulau, Greenwish Garden at Batu Maung and Paya Terubong projects.

“Barring any unforeseen circumstances, the prospects of the group for the financial year 2017 remains positive,” PLB said.

For the first quarter ended Nov 30, 2016, PLB posted a net loss of RM503,000 on the back of a turnover of RM51.8mil.

Source: TheStar.com.my

TreeO, affordable housing development by Hunza’s wholly-owned unit, Diamaward (M) Sdn Bhd, at Sungai Ara. It is located next to Taman Sungai Ara, about 1.5km away from SJK(C) Chong Cheng.

This development comprises three 49-storey towers offering a total 1,240 affordable units:

BLOCK A

• Tower A1 – 390 affordable units
• Tower A2 – 390 affordable units
• 12-level car park with multiple entry/exit points

BLOCK B

• Tower B – 460 affordable units
• 6-level car park

TreeO comes equipped with an extensive list of resort-style condo facilities including an Infinity Pool fronting the cityscape and sea, well-equipped gym and a variety of thematic gardens.

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Property Project : TreeO
Location : Sungai Ara, Penang
Property Type : Affordable Housing
Built-up Area: (to be confirmed)
Total Units: 1,240
Indicative Price: RM300,000
Estimated Completion: 2022
Developer: Diamaward (M) Sdn. Bhd. (Hunza Group)

Location Map:

SITE PROGRESS

SITE PROGRESS: TreeO (Oct 2023)

SITE PROGRESS: TreeO (May 2023)

SITE PROGRESS: TreeO (Oct 2022)

SITE PROGRESS: TreeO (Oct 2021)

GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company’s 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in northern region – GEM Mall, the tenant mix include SOGO (first and largest departmental store in the northen region at 212,000 sq.ft.) and a supermarket (largest at 50,000 sq.ft.).

This development comprises two 38-storey commercial towers offering 978 SOHO units, with built-up size ranging from 441 sq.ft. to 1,445 sq.ft. A wide variety of facilities and amenities located at the Sky Garden on 38th floor and the Sports & Recreational Club on 8th floor.

Project Name : GEM Residences
Location : Jalan Baru, Prai, Penang
Property Type : Mixed Development
Tenure : Freehold
Total Units : 978 (SOHO)
Indicative Price : RM351,800 onwards
Built-up Size: 441 sq.ft. – 1,445 sq.ft.
Developer : Belleview Group & LTC Group

Location Map:

SITE PROGRESS

SITE PROGRESS: GEM Residences (Nov 2024)

SITE PROGRESS: GEM Residences (Jun 2024)

SITE PROGRESS: GEM Residences (Apr 2024)

SITE PROGRESS: GEM Residences (Nov 2023)

SITE PROGRESS: GEM Residences (Jun 2023)

SITE PROGRESS: GEM Residences (Mar 2023)

SITE PROGRESS: GEM Residences (Nov 2022)

SITE PROGRESS: GEM Residences (July 2022)

SITE PROGRESS: GEM Residences (Apr 2022)

SITE PROGRESS: GEM Residences (Jan 2022)

Wishing you a Happy and Prosperous Chinese New Year!

Numerous open house by developers and property events during this Chinese New Year. Here’s a list for you to spend your holiday to the fullest, enjoying the refreshments while searching for your dream home.

EcoWorld – Happy Chinese New Year 2017
Venue: Eco Meadows Gallery, Simpang Ampat
Date/Time: 14 Jan – 11 Feb 2017 (10am – 6pm)
Contact No: +604-501 2255

IJM Land – Chinese New Year Open House
Venue: Menara IJM Land, Ground Floor
Date/Time: 3 Feb 2017 (10am – 5pm)
Contact No: +604-296 1288

Tambun Indah – Chinese New Year Event
Venue: Pearl City Show Gallery, Simpang Ampat
Date/Time: 31 Jan 2017 (10am – 5pm)
Contact No: +604-501 0088

M Summit Group – Ramah Pavilion Topping-off Ceremony
Venue: Ramah Pavilion, Behind Puspakom, Teluk Kumbar
Guest of Honor: Penang Chief Minister
Date/Time: 30 Jan 2017 (9am – 5pm)
Contact No: +604-229 2232

OSK Property – Golden Rooster, Golden Opportunity
Venue: Harbour Place Sale Gallery, Butterworth
Date/Time: 4 – 12 Feb 2017 (10am – 5pm)
Contact No: +604-332 1188

BSG Property – Chinese New Year Open House
Venue: The Galleria, Jalan Sultan Ahmad Shah
Date/Time: 30 Jan 2017 (10am – 6pm)
Contact No: +604-229 6288

Sunway Property – Auspicious Chinese New Year Open House
Venue: Sunway Wellesley, Bukit Mertajam
Date/Time: 30 Jan 2017 (10am – 5pm)
Contact No: +604-643 9898

Runnymede Group – Spring Blossoms
Venue: Runnymede Sales Gallery
Date/Time: 31 Jan 2017 (10am – 6pm)
Contact No: +604-659 8899

Aspen Group – aspEnormouse Savings
Venue: Aspen Vision City Sales Gallery
Date/Time: 30 Jan 2017 (10am – 5pm)
Contact No: +604-505 0505

Sunrise Manner – World Champion Lion Dance performance
Venue: Hillpark Residence, Bukit Mertajam
Date/Time: 11 Feb 2017 (10am)
Contact No: +604-538 8388

GSD Land – Towards Great Prosperity & Blossoming Fortunes 
Venue: GSD Land Sales Gallery，Sungai Ara
Date/Time: 30 Jan 2017 (10am – 6pm)
Contact No: 1-700-818-932