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.

Location Map:

Sunway 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

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.

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.

Location Map:

EcoWorld would like to cordially invite you to  ‘Bringing Aspiration Close to You-EcoWorld Property Showcase’ from the 26 March to the 3 April 2016, from 10.30 am to 10.30 pm at Queensbay Mall, Central Atrium. Catch an exclusive preview of our much anticipated masterpiece-Eco Bloom which is  a continuity of the modern English Architecture language of Eco Meadows and is made up of the majestic high rise and the commercial components. Enveloped in carefully preserved greenery, this current addition to the Royal Meadows collection continues the EcoWorld legacy of offering stunning homes in refreshingly verdant and prestigious surroundings.

Also be sure to check out some of the exciting activities EcoWorld has prepared for you!

26/03/2016
Opening Orchestra Ceremony
Eco Bloom Project Sharing

27/03/2016
Franchise business sharing by Mr Albert Kong (CEO of Asianwide Franchise Consultant Singapore)

3/04/2016
Commercial Property Investment Talk by Ahyat Ishak

Looking forward to seeing you soon!

More info at 04-510 2255

Piling works for the first project under the Penang Transport Master Plan (PTMP) is expected to begin near the end of 2017.

Penang Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the target was to get the relevant approvals in early 2017 with work anticipated to start by the end of that year.

He said the studies on three projects – the Komtar to Bayan Lepas Light Rail Transit (LRT), Pan Island Link (PIL) and the Penang Smart Reclamation (PSR) – were being conducted.

Chow said the studies being conducted now were scheduled for completion by the middle of this year, noting that PSR needed to be submitted by June to make the National Physical Planning Council deadline.

He said the Council, chaired by Prime Minister Datuk Seri Najib Abdul Razak, will meet in November this year, adding that approval was needed from the Council for the PSR to go ahead.

“If the approvals are obtained, we then can work on the technical aspects as well as finalise the design,” he said in a media briefing on the PTMP today.

The RM27 billion PTMP is an ambitious undertaking to link Penang Island and the mainland with rail transit systems, new highways, trams, rapid bus routes and water taxis.

Funding the massive project hinges on the proposal to reclaim some 1,618ha of land off the southern coast of Penang island.

Approval for the reclamation has to be from the federal government as reclamation of more than 100ha must be referred to the Council per the Town and County Planning Act 1976.

SRS Consortium was appointed by the Penang government last year as the Project Delivery Partner (PDP) to ensure the PTMP materialises.

On the funding mechanism, Penang Local Government Division chief engineer Lim Thean Heng said the finer details are still being worked on.

He said businesses are interested to see the funding architecture and how they can participate in the PTMP

“Those interested are from Germany, China, Hong Kong, Japan, France, (South) Korea and many others,” he added.

On concerns of fishermen being affected by the reclamation, Chow said more engagement and briefing sessions will be held.

He said the PDP was also exploring collaboration avenues with vocational colleges to provide relevant courses for fishermen and villagers.

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

Source: TheSundaily.my