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J-Avenue Commercial Hub

Bukit Minyak/ 16 August 2016 2 comments

j-avenue-commercial-hub

J-Avenue Commercial Hub, a mixed commercial development by TPS Properties Sdn. Bhd. at Bukit Minyak. It is strategically located along Jalan Bukit Minyak, about 1km away from AEON Big hypermarket.

The entire development will be completed in two phases, with first phase featuring a mix of 2 & 3 storey shop offices:

Phase 1

  • 2-storey link shop offices (15 units)
  • 3-storey link shop offices (2 units)
  • 3-strong semi-detached shop offices (8 units)

Phase 2

  • 24-storey serviced apartment (200 units)

More details to be available upon project launch.

Property Project: J-Avenue Commercial Hub
Location :
 Bukit Minyak
Property Type : Shop offices & Serviced apartment
Total Units: 25 (shop office), 200 (serviced apartment)
Land Tenure : Freehold
Indicative Price: RM788,000 onwards
Developer : TPS Properties Sdn. Bhd.

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Location Map:

 

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UPCOMING: Georgetown / Kuala Lumpur International Dental Centre

George Town/ 15 August 2016 1 comment

upcoming-georgetown-klidc

A proposed commercial development by Kuala Lumpur International Dental Centre (KLIDC) at Georgetown. It is strategically located at the junction of Jalan Zainal Abidin and Jalan Burma, right opposite Tune Hotel.

This development will see a 24-storey commercial building, comprises a hospital and 210-rooms hotel with swimming pool located at the top floor.

The project is still pending for approval

Project Name: (to be confirmed)
Location :
 Georgetown
Property Type : Mixed development
Total Units: 210 rooms (hotel)
Developer : KLIDC

Location Map:

 

DISCLAIMER: This article is purely based on research done using publicly available data. This is not an advertisement by the developer or agent, unless stated otherwise. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

The Tamarind vs Queens Residences

Queens Residences and The Tamarind, the two most popular Q2 2016 projects in Penang have their own unique popularity. Take a look at the comparison of these two projects…

The Tamarind Queens Residences
Developer E&O Property Ideal Property Group
Location Tanjung Tokong Bayan Bay
Standard unit size 1,042 onwards 950 sq.ft. – 1,650 sq.ft.
Price psf.* RM700 onward RM780 onward
No. of carpark 2 2
Selling Price* RM700,000 onward RM760,000 onward
Development land size 7 acres 11.74 acres
Land tenure Freehold Freehold
Total units 1,104 2,100
Expected completion 2019 2020
Highest floor 33 30
5 nearest schools
  • Tenby International School (4km)
  • Penang Chinese Girls High School (4km)
  • Phor Tay Primary & High School (3km)
  • TAR College (4.5km)
  • Han Ming Primary School
  • SJKC Shih Chung (3km)
  • Phor Tay High School (3km)
  • SJKC Kwang Hwa (3km)
  • SK Sungai Nibong (2.5km)
  • Straits International School (9.5km)
  • 5 nearest malls
  • Gurney Plaza (3.5km)
  • Island Plaza (1.5km)
  • Tesco Sungai Pinang (1km)
  • Gurney Paragon (3km)
  • Straits Quay (1.5km)
  • Queensbay Mall (0.2km)
  • Bukit Jambul Complex (3.5km)
  • Sunshine Square (4km)
  • Giant Hypermarket (5km)
  • Tesco Hypermarket (7km)
  • Web popularity (Past 90 days) 9,500 pageviews 10,500 pageviews
    Travelling to
    (off peak)

    • Penang Bridge
    • 2nd Bridge
    • Airport
    • Komtar
    • FTZ


  • 14km (20 minutes)
  • 22km (28 minutes)
  • 22km (30 minutes)
  • 7km (16 minutes)
  • 19km (26 minutes)


  • 4.5km (9 minutes)
  • 7km (9 minutes)
  • 8km (14 minutes)
  • 18km (22 minutes)
  • 5km (8 minutes)
  • Find out more about The Tamarind exclusive package! More about Queens Residences

    *Based on initial soft-launch price

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    Penang to decide on proposal to revise density guidelines soon

    Property News/ 13 August 2016 10 comments

    JagdeepThe Penang state government will soon make its decision regarding a proposal to revise the current density guidelines to 128 units per acre in order to provide more affordable housing in the state.

    Penang State Exco for Housing and Town & Country Planning Jagdeep Singh Deo said the proposal to raise the density from the current 87 units per acre is in the final stages of discussions and an announcement will be made soon.

    “During a series of meetings with relevant stakeholders, it was suggested that the [87 units per acre] guideline be revised as they are facing difficulties selling large units that are deemed unaffordable (pursuant to the density guidelines),” Jagdeep said at the Penang International Property (PIP) mid-term review conference in Penang last Friday (Aug 5).

    The proposed revision to 128 units per acre guideline will also take into consideration the affordable housing component for developers that come under this guideline.

    The current 87 units per acre policy comes with the requirement that developers must ensure that 5% of their total project is priced at RM200,000; 15% is priced at RM300,000 and 5% is priced at RM400,000.

    Under the new proposed density of 128 units per acre, it has been proposed that 5% of the developer’s project be priced at RM200,000 and another 20% be priced at RM300,000.

    Meanwhile, on the performance of the current property market in Penang, Jagdeep said residential properties in Penang have shown a 15.67% quarter-to-quarter increase in property transactions from 3,110 transacted units (valued at RM1.21 billion) in 1Q2016 to 3,597 units (valued at RM1.44 billion) in 2Q2016.

    “Nationally, the unit price index was 227.5 for all houses in Malaysia while for Penang, it was 262.2. This higher unit price index recorded for Penang shows that the average mean housing price in Penang is still on the rise,” Jagdeep added.

    “These statistics prove that investing and owning a home in Penang continues to be highly desirable and this is a positive indicator for property developers in Penang,” he added.

    Among other issues discussed during the summit included suggestions to allow developers to pay certain contributions by way of corporate guarantee instead of a bank guarantee; and for contributions to be capped at a fixed rate instead of being based on the existing market valuation.

    The summit also discussed the formation of a State Planning Technical Special Committee to ensure a more efficient consideration for the applications of development projects.

    Source: TheEdgeProperty.com.my

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    Penang opts for costlier elevated LRT system, less social impact

    Property News/ 12 August 2016 27 comments

    LRT-penangPenang state government has decided to build a RM4.8 billion elevated light rail transit (LRT) system in the state, rather than have a tram system, as part of the RM46 billion Penang Transport Master Plan (PTMP). This is to avoid associated costs of relocation of utilities, land acquisition and social problems related to construction.

    Penang Chief Minister Lim Guan Eng (pictured) said the associated costs involving at-grade or street running trams would result in rows of shophouse having to be relocated, which would in turn affect the social fabric of the community.

    “While the cost to build an elevated LRT is more expensive than an on-road tram system, but it has less environment and social impact,” he told a press conference here today.

    The proposed 22km LRT system will operate between Weld Quay and the Penang International Airport. Under the PTMP, it will also feature a 20km Pan Island Link highway.

    * Upcoming projects nearby Bayan Lepas LRT Line *

    SRS Consortium Sdn Bhd project manager Szeto Wai Loong estimates that the cost of LRT construction per kilometer is RM220 million, compared with the RM80 million per km for the tram as proposed by Penang Forum, comprising a group of non-governmental organisations. SRS Consortium is the project delivery partner of PTMP.

    He said the consortium’s proposal includes the construction of stations and the park-and-ride system, with minimal land acquisition. On the other hand, Penang Forum’s proposal involves at-grade or street running trams and does not include land acquisition.

    On July 13, Penang Forum had revealed an alternative transport plan to PTMP, which took cognisance of the Halcrow study on alleviating traffic congestion, commissioned by the state in 2010.

    Rebutting Penang Forum’s claims that the RM1.6 billion tram system is cheaper, faster and better, Szeto said the social impact and traffic congestion would be worse due to its on-road infrastructure.

    He said Penang Forum relied heavily on the Halcrow study, which clearly stated that acquisition costs were not included.

    SRS Consortium is a joint venture among Gamuda Bhd (60% stake), Ideal Property Development Sdn Bhd (20%) and Loh Phoy Yen Sdn Bhd (20%).

    Meanwhile, Penang government and SRS Consortium will meet with the Land Public Transport Commission (SPAD) next month to expedite a “conditional approval” for the proposed elevated LRT project.

    The consortium had targeted July to obtain the conditional approval, but it was delayed due to SPAD’s schedule.

    “From the meeting, SPAD might want us to discuss and relook at the design. The process is still ongoing,” said Szeto.

    On Aug 4, Gamuda had said the Penang government had extended the consortium’s letter of award till Feb 28, 2017. SRS received the initial letter of award on Aug 12 last year to implement the PTMP, comprising transport components and provide new reclamation sites.

    Source: TheEdgeProperty.com.my

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