The first phase of Aspen Vision City in Batu Kawan, Penang, will be completed by 2019.

Aspen Group chief executive officer Datuk M. Murly said that the first phase comprised the Vervea which is a three to four- storey shop office project, the Columbia Asia Hospital, Ikea Store and Vertu Resort.

“Earthworks have already started for these projects,” he added.

Murly was speaking at a press conference on Friday after signing an agreement with Teka Kuchentechnik (Malaysia) Sdn Bhd managing director Foo Kok Chye at Aspen’s new sales gallery in Batu Kawan.

Under the terms of the agreement, Teka will provide RM5mil worth of kitchen appliances for Vertu Resort, the first residential development in Aspen Vision City which blends city living and resort lifestyle with state-of-the-art facilities.

Murly said the Vervea was already 90% sold while Vertu Resort, comprising 1,282 condominiums, was 50% sold.

“All units of Vertu Resort will have home furnishings by Ikea and kitchen appliances by Teka. Every unit also comes with at least two parking lots,” he said.

The units are priced between RM418,000 and RM600,000.

“The pricing of Vertu Resort is fairly competitive but we will not compromise on the quality of the product.

“This is because at Aspen Group, affordable pricing doesn’t result in cheaper finishes or appliances or lower quality.

“We strive to give the best price with value-added packages and services,” Murly said.

Sitting tall on seven acres of freehold land, Vertu Resort is the first resort-inspired high-rise development with fully furnished move-in condition in mainland Penang.

The project will be the first residential development in Aspen Vision City that is being planned as a sustainable development with a Green Building Index certificate.

Teka Malaysia, a German multinational organisation, is one of the first foreign kitchen companies established in Malaysia with a total market share of more than 25%.

“Our team is very excited about this undertaking and glad to be given this opportunity to work together with Aspen Group.

“We are confident that our quality products and innovative kitchen solutions will inspire home buyers in the north,” said Foo.

Aspen Vision City is being developed as an eco-metropolis with a unique mix of developments including the first Ikea Store in the northern region, Columbia Asia Hospital, Vervea commercial precinct, residential units, office towers, business class hotel, international school, financial hub and a 25-acre central park.

Source: TheStar.com.my

Mekarsari @ Bertam, a residential development by Bandar Kepala Batas Sdn. Bhd. at Kepala Batas. It’s just a mere minutes to Bandar Putra Bertam, only 5 minutes drive away from Mydin Hypermarket and the upcoming Tesco in Bertam.

This development comprises a mix of single storey semi-detached, zero lot bungalow and bungalow houses, with indicative price starting from RM400,000 onward.

Project Name: Mekarsari
Location : Bertam, Kepala Batas
Property Type : Semi-detached, zero lot and bungalow
Tenure : Freehold
Land Area: 2,640 sq.ft. onward
Built-up Size: 1,381 sq.ft. – 1,819 sq.ft.
Total Units: 80 (semi-detached), 168 (zero-lot bungalow), 5 (bungalow)
Indicative Price: RM400,000 onward
Developer : Bandar Kepala Batas Sdn. Bhd.

Location Map:

Sky Cab proposed alignment is 4.8 km long and connects the Sky Cab Station in Butterworth, Seberang Perai with Sky Cab Station (Bayan Lepas LRT) in Jelutong in Penang.

The project is now in the feasibility study stage. Currently conducting Detailed Environmental Impact Analysis (DEIA). Feasibility Study expected to complete by 1st half 2016.

According to MRCB’s general manager, the project is expected to complete in 3Q 2019. He has also revealed that ticket fares for Sky Cab for daily commuters had been tentatively set at RM2.50, RM15 for domestic tourists and RM35 for foreign commuters.

The fare is expected to increase every five years. By the year 2043, the fare for commuters will go up to RM4.80, RM28.50 for domestic tourists and RM65 for foreign tourists.

* Click here to find out more about Penang Transport Master Plan (PTMP) *

Aspen Vision City’s first residential development – Vertu Resort in mainland Penang, has seen 50% of its condominium units taken-up since its soft launch in February this year, according to Aspen Group.

Vertu Resort is the second phase development in Aspen Vision City, a mega-scale, joint-venture development between Aspen Group and Ikano Pte Ltd.

Aspen Group’s chief executive officer Datuk M Murly said the seven-acre freehold residential project comprises 1,282 condominium units with built-ups ranging between 1,030 sq ft and 1,800 sq ft, spread across five residential towers ranging from 29 to 42 storeys.

“Designed to be in moving in condition, all units at Vertu Resort are complemented with home furnishings by IKEA, kitchen appliances by Teka, electrical appliances, built-in wardrobes, kitchen cabinets and other wet work renovations,” he said in the press statement.

Vertu Resort, which carries a gross development value (GDV) of RM620 million, is slated to be completed by 2019.

The current selling price of units at Vertu Resort starts from RM418,000 or averages at RM370 to RM450 psf. The units were selling at RM350 to RM380 psf during its soft launch in January this year.

Aspen Group through its subsidiary Aspen Vision City Sdn Bhd has paired up with Teka Küchentechnik (Malaysia) Sdn Bhd to provide kitchen appliances for Vertu Resort. Both companies have inked a contract worth more than RM5 million today.

This strategic collaboration will see all of Vertu Resort’s units equipped with the best from the German-based kitchen and home appliances provider. This maiden partnership also marks the first venture of Teka into the northern region’s marketplace.

“Although the pricing of Vertu Resort is fairly competitive, we will not compromise on the quality of the product,” said Murly.

The company also unveiled the show unit of Vertu Resort today.

Source: TheEdgeProperty.com.my

In collaboration with GM Training Academy, we are co-organizing “My First Home Convention” on 28 May 2016. This event is aimed at giving first time home buyers some guidance and pointers. Hence, the topics will be geared towards buying affordable properties below RM500,000.

Participants will learn about:

• Steps in buying your first home
• To buy now or wait?
• Penang’s masterplan
• First home projects in Penang
• How to protect yourself legally?
• First home financing scheme
• Steps to get your loan approved
• Should I buy MRTA or MLTA?

List of Speakers:

• Miichael Yeoh (CEO, GM Training Academy)
• Ken Lim (Founder, Penang Property Talk)
• Oh Aik Kim(Lawyer, Ibrahim & Kim)
• Elane Goh (CEO, V100 Consultancy Sdn. Bhd.)
• Mun Goon (Mortgage Expert, GM Training Academy)

The event will be held on 28th May 2016 Saturday at Gurney Hotel from 9 am to 6pm.

We are fully booked and the registration is closed now!

Organizer

Co-organizer

Media Partner