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Villa Harmony

Tasek Gelugor/ 27 October 2016 4 comments /中文版

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Villa Harmony, one of the first gated and guarded community in Tasek Gelugor. Featuring 24 hours guarded living with CCTV surveillance. It is located along Jalan Pokok Machang, just a short drive away from Gelugor town centre.

This development comprises 44 units of 2-storey terrace and 18 units semi-detached and 9 units of bungalow houses. It will comes with a full-featured gym, a swimming pool, a children’s playground, games rooms and more. The clubhouse also features a multipurpose hall, conference rooms and other facilities for bigger gathering of family and friends.

Indicative Price:

  • Terrace: RM382k onwards
  • Semi-detached: RM583k onwards
  • Bungalow: RM819k onwards

Project Name: Villa Harmony
Location : Tasek Gelugor, Penang
Property Type : Gated & guarded
Built-up Area: 2,204 sq.ft. onwards
Land Area: 1,360 sq.ft. onwards
Total Units: 44 (terrace), 18 (semi-d), 9 (bungalow)
Developer : Villa Hectares Group

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(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

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Penang state govt takes measures to lower prices for residential units

Property News/ 26 October 2016 38 comments /中文版

development-densityThe state government has increased the development density to 128 units per acre up from 87 units per acre as part of measures to cushion the unfavorable economic impact on developers and to lower prices for residential units.

Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh said units built under this guideline cannot be less than 900sq ft and not cost less than RM400,000.

He said developers found it difficult to sell bigger size units under the 87 units per acre guideline as a 1,400sq ft unit was priced at more than RM900,000 in some cases.

Jagdeep reasoned the higher density was allowed since the higher the density, the smaller the unit size and the smaller the unit the cheaper the price.

He nonetheless said the requirements for having affordable housing elements and low-cost (LC) and low-medium cost (LMC) components under the new guideline was maintained.

“So across the board I am going to get more affordable units, this is a win-win,” he said in a press conference on Monday night after attending the annual Penang Real Estate Housing Developers (REHDA) annual dinner.

Asked to elaborate, Jagdeep said the floor price of RM400,000 was set so developers building projects under the increased guidelines would not compete with developers who were building 100% affordable housing projects.

Source: TheSundaily.my

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7 Upcoming Projects at Sungai Nibong in 2017 / 2018

Following the unveiling of Penang Transport Master Plan, developers are eyeing for opportunities near LRT stations. This is particularly obvious in Sungai Nibong where there were at least 7 projects proposed by 6 developers in the past 12 months, with the exception that there is still no official plan submitted by SP Setia for Setia Sky Hill.

If you insist you must buy a property near LRT station and within close proximity to schools, these are the projects you should keep a very close eye for their upcoming launches in 2017 / 2018.

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Register your interest here, we will keep you posted with latest updates on these projects

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

You may also find out more details from the respective project post below:

1. SP Setia (Setia Sky Hill)
Two blocks of residential towers with 341 condominium units

2. Gembira Development Sdn. Bhd.
23-storey commercial building with a mix of 64 units residential and 38 units office suites

3. Prisma Bumiraya Sdn. Bhd.
Single block of 34-storey building, offering 197 condominium units with facilities located at rooftop.

4. Bayan Capital Sdn. Bhd.
To be developed in four parcels, with a mix of affordable housing and commercial components.

5. Sepakat Mewah Sdn. Bhd.
21-storey building comprising condominium, budget hotel, shop offices.

6. Red Blue Development Sdn. Bhd.
Comprises a 25-storey condominium, 3-storey terrace houses and shop offices.

7. Prisma Bumiraya Sdn. Bhd.
Two 43 & 44-storey skyscrapers, offering a total of 369 residential units. (more details to be available soon)

 

Blooming attraction on the mainland

Property News/ 24 October 2016 2 comments
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Home buyers packing the EcoWorld Gallery @ Eco Meadows in Simpang Ampat to secure their preferred units during the launch of Eco Bloom.

Response has been overwhelming for Eco World Development Group Bhd’s mixed residential-commercial Eco Bloom project in Simpang Ampat, Penang.

A good portion of its stylish residences has been snapped up, with many drawn to the unique concept, excellent location, attractive pricing and promise of quality.

If you have been eyeing a unit here, the StarProperty.my Fair 2016 in Queensbay Mall from Thursday to Sunday will provide a good opportunity to get one while you still can.

EcoWorld northern region general manager Khoo Teck Chong said there were people queueing overnight to secure their preferred units at the official launch last month.

With prices starting from RM388,000 before rebate, it is one of the most affordable mid-to-high end products currently on the market.

Eco Bloom’s freehold condominiums come in sizes of 800sq ft, 900sq ft and 1,100sq ft, all housed in a 33-storey tower sitting atop the commercial podium block.

These are ideal for young couples, first-time buyers or those who could not afford more pricey properties, but still want all the luxuries of life that come with it.

“Affordability is an important factor with the current market conditions. We noticed a lack of options in this range, and wanted to fill this niche.

“The great response is not only an affirmation of Eco Bloom’s appealing concept, but also the buyers’ trust in the EcoWorld brand.

“It carries an assurance of product and service quality. You know you’ll get great value whether you’re buying for investment or for your own stay,” Khoo said.

The project, located on a 1.9ha (4.86-acre) plot, is the second phase of the larger Eco Meadows development that fronts Jalan Paboi.

It follows the initial offering of Northampton Terrace homes, which are already sold out and have since become one of the most desirable addresses on the mainland.

It will have the same English neo-royalty aesthetic, along with verdant landscaping, that is an EcoWorld hallmark.

Future inhabitants will have approximately 76,000sq ft of facilities to enjoy – including a swimming pool, children’s pool, gymnasium and children’s playground.

The list continues with a barbecue area, function hall, multi-purpose court, games and study rooms, pocket gardens and open gardens.

Security is assured with a three-tier system that includes alarms on the main door and yard door, intercom system, access card for car park and lift lobby, and panic buttons in the master room and living hall.

“We noticed that many buyers are those upgrading from surrounding neighbourhoods.

“A lot also hail from the southeast of Penang island, where a similar product would be significantly more costly,” added Khoo.

The 23 shoplots located at the podium come in two sizes – typical ones measuring 22ft x 68ft, and corner units at 35ft x 68ft.

Khoo said they would have a dedicated leasing team selecting an optimum mix of tenants, which cater to residents’ lifestyle needs.

A 24,000sq ft Bloom Gardens right in front of the project provides a conducive space for al-fresco dining, as well as leisurely family activities.

The excellent location is only five minutes away from the North-South Expressway. From there, easy access to various destinations on the mainland is available, as well as the island via the Sultan Abdul Halim Mu’adzam Shah Bridge.

Khoo said they are delighted to once again be part of the StarProperty.my Fair in Penang, and to highlight their offerings to interested parties on this side of the channel.

Besides Eco Bloom, the company would also be featuring their Eco Terraces condominium in Paya Terubong, as well as the aforementioned Eco Meadows.

Visit them at booth C1 during the four-day fair, open from 10.30am to 10.30pm daily.

Source: TheStar.com.my

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Design Village outlet mall to open in Penang next month

Property News/ 22 October 2016 19 comments

design-village-opening

Malaysia’s biggest outlet mall, Design Village, will open its doors from November to offer a selection of items at lowered prices.

The outlet mall, located within the newly-developed township of Bandar Cassia in Batu Kawan, is the first in the northern region.

Built on a 24-acre tropical garden, the mall will have popular brands from fashion to home appliances all at markdown prices.

Sports brand Adidas will open its biggest outlet store in Malaysia at this mall to offer a variety of footwear and attire at lowered prices.

There will also be brands new to the region such as the Travel For All Outlet store that will have luggage, travel accessories and winter wear, also at markdown prices.

Shoe stores Aldo and Bata will also be opening their first outlet stores at this mall.

Leather products will also be sold at a steal with the opening of the first Leather Made Outlet store that sells bags and leather goods at lowered prices.

Design Village, developed by PE Land Group, is the first outlet mall in the northern region and is easily accessible via the North South Highway and the Sultan Abdul Halim Bridge.

Source: TheMalayMailOnline.com

Find out more about Design Village

 

Video taken in August 2016


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