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Green light for transport plan

Property News/ 31 March 2016 2 comments

metn_6a_3103_phj_1Penangites have generally given the thumbs up for the proposed RM27bil Penang Transport Master Plan (PTMP) and the Penang South Reclamation (PSR) projects, according to a state exco member.

State Local Government Committee chairman Chow Kon Yeow said the state government had received an overall positive response after nearly nine months of proactively reaching out torelevant stakeholders for feedback on the two projects.

He said that from the 14briefings held todate, 13 garnered resounding support for theprojects.

He said the engagement sessions were conducted at severallocations across the state,involving audiences fromgovernment agencies, business associations, professional bodies, non-governmental organisations, the media and members of the public.

“Based on the overall positive response, Penangites welcome the implementation of the projects which are expected to mitigate the worsening traffic congestion in Penang, provide more affordable housing and create sustainable economic growth.

“However, the fishermencommunity in the south coast remain concerned on the proposed reclamation as they are worried it could impact their income,” Chow told a press conference in Komtar on Friday.

Among the components of the PTMP are trams, monorail, light rail transit lines, e-bus, bus rapid transit, a pan-island expressway, a catamaran system and a RM100mil highway interchange upgrading project.

Three islands, of 930ha, 566ha and 323ha in size, are proposed to be created off the south of Penang island under the PSR to fund the PTMP.

Chow said project consultants appointed to carry out the Detailed Environmental Impact Assessment (DEIA), Heritage Impact Assessment and Fisheries Impact Assessment studies had also concurrently carried out focus group discussions and case interviews with stakeholders along the Bayan Lepas LRT and Pan Island Link (PIL) 1 Highway alignments and the affected fishing villages.

“So far, a total of 44 groupdiscussions and case interviews were held and the overall response has been favourable.

“Complementing theengagement efforts, the appointed Project Delivery Partner (PDP) of the PTMP, SRS Consortium, had also been actively engaging various stakeholders on behalf of the state government.

“The PDP has todate conducted 220 engagement briefings involving different audiences for the PTMP, PSR and the fishing community,” Chow said.

He said measures proposed to help the fishing community include building four new fisherman wharves and jetties at Permatang Damar Laut, Teluk Kumbar, Sungai Batu and Gertak Sanggul, and setting up of a one-stop service centre withamenities to cater for boat repairs, among other functions.

“One of the main objectives in engaging the fishing community is to understand the concerns of the fishermen, and to develop appropriate measures to minimise theprojects’ impact on them.

“While more engagement and briefingsessions will be held in the coming months, job registration forms were shared with local fishermen and residents from affectedvillages who will be prioritised for suitable job openings when the projects commence.

“Some fishermen have expressed interest, and we hope more will register soon as some of the works start as early as 2017. This is one way to ensure stable income for the fishermen in the coming years,” Chow said.

He said SRS Consortium was exploring collaboration avenues with a vocational college to provide relevant courses catered for the respective job openings for fishermen who require training and skills enhancement.

“Those who complete their courses will be certified by the college and will be able to work either for the Bayan Lepas LRT, PIL 1 Highway or PSR project.

“In line with the state’s commitment to provide a highly livable environment and quality housing for the entire income spectrum, a total of 24,000 units of affordable homes will be built on the future reclaimed lands.

“The proposed reclaimed land under the PSR project will offer affordable housing for lower income groups, including eligiblefishermen. The PDP will submit the railway scheme for the Bayan Lepas LRT by next month to the Land Public Transport Commission, with conditional approval expected by June,” he added.

Chow also said the DEIA study for the Bayan Lepas LRT was expected to becompleted and submitted to the Department of Environment by mid-2016, after which a three-month public display process willfollow.

“Those who did not manage to attend previous engagements will be able to share their views and comments during this period.

“More engagements with business groups, NGOs, the media and local residents will be held in the coming months.

“The state government will be launching the official PTMP website by the end of the month which would serve as a one-stop information source and to assist the public to obtain latest updates on the transport master plan,” he added.

Source: TheStar.com.my

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Find out more about Eco Bloom condominium at Queensbay Mall

Property News/ 30 March 2016 3 comments

eco-bloom-queensbay-mallGet the chance to pick your Eco Bloom condominium unit at the EcoWorld Property Showcase in Queensbay Mall, Penang.

From now till Sunday, thosewho register for this English-style condominium priced from RM400,000 will get priority in choosing the unit they desire.

The showcase which was launched on Saturday at the mall, saw weekend shoppers milling around to view the scale model of Eco Bloom.

EcoWorld general manager (northern region) Khoo Teck Chong said the condominiums were within the 59-acred Eco Meadows in Bukit Tambun on the mainland.

“The single tower project has 490 units, split into two wings.

“Its 4.8 acre tract also houses 23 exclusive two-storey shoplots whichis a retail strip for residents andvisitors,” he said.

He added that visitors can also check out the company’s Eco Terraces development which is located in Paya Terubong on the island.

EcoWorld marketing head Pui Kim Siew said the exhibition is open daily from 10.30am to 10.30pm.

The company is also doing a survey of what young home buyers wanted in terms of facilities.

“We try to reach out to youngbuyers to find out what type offacilities they want for their residential property.

“It is part of our ongoing marketing survey,” she added, highlighting a proposal for an in-house car wash centre.

Property guru Ahyat Ishak will conduct a commercial investment sharing session at 2pm on Sunday.

The session is open to the public and admission is free.

Details, call 04-5102255.

Source: TheStar.com.my

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UPCOMING: Jelutong / Asiamas Housing

Jelutong/ 30 March 2016 13 comments

upcoming-asiamas-housing

A newly proposed low-density development by Asiamas Housing at Jelutong, Penang. It is strategically located along Jalan Slim, just a stone’s throw away from Setia Sky Ville development scheme by SP Setia.

The proposed development comprises 4 unit of 2-storey shop offices and a gated & guarded housing scheme with 22 unit of 3-storey terrace houses.

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

Project Name : (to be confirmed)
Location :
 Jelutong, Penang
Property Type : Residential & shop offices
Built-up Area: (to be confirmed)
Total Units: 22 (3-storey terrace), 4 (2-storey shop office)
Developer : Asiamas Housing Sdn. Bhd.

Register your interest now

(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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Sunway introduces Sunway Property Certainty Campaign

Property News/ 30 March 2016 1 comment

Sunway-Wellesley-residentialSunway Bhd introduced special offerings under its Sunway Property Certainty Campaign yesterday, which includes financial assistance.

The campaign – which will offer guaranteed loans, deferred payment plans and a voluntary exit plan – covers all Sunway projects in Malaysia from today until Sept 31.

“We are still seeing demand for good and well-located properties in the market. People are looking to upgrade, invest and own a home in a well-planned environment,” said Sunway Malaysia and Singapore property development division managing director Sarena Cheah (pictured).

“However, with the uncertain times now, the timing of people’s commitment in properties is something of great concern,” she added.

Sunway’s property portfolio covers mid-to-high-end properties in the Klang Valley, Penang, Ipoh and Johor. The developer also has a presence in Singapore and China.

It will launch Sunway Geo Residences 3 – which has a gross development value (GDV) of RM420 million – next month, and plans to launch Brook Residences (RM200 million GDV) in Mont’Kiara and new phases in Sunway Gandaria (RM200 million GDV) in Bangi.

According to Sunway Integrated Properties Sdn Bhd marketing and sales general manager Gerard Yuen, the guaranteed loan scheme is a 12:88 plan, with Sunway providing financing of up to 88% of the property price from its internal funds.

The loan will have a fixed interest rate based on a commercial basis.

He said to qualify for the loans, applicants must be above 18 years old and not bankrupt, among other things. The loans are available to both Malaysians and foreigners.

“For homebuyers who meet the basic criteria, we are happy to assist them by providing a certainty package, enabling them to own their dream home with a greater sense of comfort,” said Yuen.

“We are not trying to play the bank’s role, we just want to assist those who want to buy a Sunway unit but are having temporary financial difficulties,” he stressed.

Meanwhile, the deferred payment scheme offers zero payment for a period of 12 or 24 months following a deposit of 3% or 6%.

The voluntary exit plan allows buyers to withdraw from the sale and purchase agreement owing to unforeseen circumstances such as loss of employment.

Source: TheEdgeProperty.com.my

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VOS Lifestyle Suites

vos-suites

A commercial development by Inma Development Sdn. Bhd. at Bukit Dumbar. The proposed development will see demolition of the existing 4-storey building next to Stallions Apartment for a 32-storey commercial tower along Jalan Tunku Kudin. It is about 10 minutes walking distance to Tesco Hypermarket.

Offering 439 units of hotel suites, with unit size ranges from 364 sq.ft. – 521 sq.ft.

Register your interest here

(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.

Project Name: VOS
Location : Bukit Dumbar, Penang
Property Type : Commercial
Built-up Area: 364 sq.ft. – 521 sq.ft.
Total Units :
 439
Indicative Price : RM398k onward
Developer : Inma Development Sdn. Bhd.

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