The bedrooms of Starhill Garden Condominium are spacious and stylish for modern living.

Great news for prospective buyers, especially young couples looking to own their first dream home.

The Starhill Garden Condominium, located along Jalan Baru in Prai, Penang, is offering an unbeatable preview price of below RM300 per sq ft for a limited time.

The promotion is truly not to be missed considering that the preview price is at least 15% lower compared with the market price of RM350 per sq ft for similar developments.

Henry Butcher Malaysia (Butterworth) Sdn Bhd head of sales & marketing department Teh Fong Yun said the preview price was valid from now until May.

He said response had been good with an over 20% booking rate since the project was opened for registration during Chinese New Year.

The Starhill Garden Condominium is developed by Aroma Development Sdn Bhd with Henry Butcher as the sole marketing agent.

“We created this marketing concept to make it easier for people, particularly young couples in the 20-40 years age group, to own a home.

“They only have to pay a low initial payment of RM5,000 while the maintenance fee is at 10 sen per sq ft,” he said.

The low density 25-storey development consists of 149 spacious units with built-ups ranging from 1,378 sq ft onwards.

There are only eight units per floor to ensure privacy and exclusivity.

Select from four different stylish layouts with every unit comprising four bedrooms and two bathrooms.

The interiors are well-appointed, bright and airy to deliver a home that exudes comfort and class.

Residents will also be pampered with a plethora of facilities including landscaped and rooftop gardens, jogging track, tai chi and yoga corner, BBQ area, children’s playground, reflexology path and a multipurpose hall.

The expected launch date is set for middle of this year.

Residential-titled and exempted from the Goods and Services Tax, The Starhill Garden Condominium also comes with round the clock security for total peace of mind.

Its strategic location also ensures that the development is surrounded by a host of key infrastructures, amenities and conveniences to cater to all your lifestyle needs and aspirations.

The Starhill Garden Condominium is minutes away from the Penang Bridge, North-South Highway, Sunway Carnival Mall, Perda City Mall, Auto-City and Jit Sin High School.

Within walking distance is the soon-to-be opened Mydin Hypermarket while directly in front of the condominium are eight units of three-storey semi-detached shop lots that are selling from RM3.58mil onwards.

Teh added that more and more Penangites are looking to invest in properties on the mainland with the escalating of property prices on the island.

Thus, the future prospects for the property sector here is very bright.

“Now is a good a time as any to invest in properties especially in Penang which is fast emerging as one of the major destinations for property investment.

“The scarcity of land has also led to the emergence of more high-rises which now command a huge market segment,” he said.

Although a newcomer to the industry, Aroma Development is already renowned for its maiden undertaking of Starhill, a gated residential community comprising a 35-storey condominium and bungalow houses located in Bukit Gambir on Penang island.

For more information on The Starhill Garden Condominium, kindly contact Henry Butcher at 04-3988999.

Source: StarProperty.my

Raintree Park II, the second phase of Raintree Park in Pearl City by Tambun Indah. This is another gated and guarded development with full recreational facilities which includes but not limited to swimming pool and resident clubhouse. It is just a short drive away from GEM International School and Pearl City Mall.

Types of property:

• Luxurious Duplex Villas (Townhouse) – RM368K onward
• 2 Storey Terrace – RM478K onward
• 2 Storey Link Semi-D (Clustered) – RM585K onward
• 2 Storey Link Semi-D – RM717K onward

Location Map:

Aston Park East, a gated and guarded housing scheme in bustling township of Bukit Mertajam. This is the first phase of Aston Park development by Harta Intan Group, located adjacent to Aston Villa, just a short walking distance from from The Summit (BM Plaza). It comprises 45 units of 3-storey terrace houses.

Future development:

• Phase 2: 52 units of 3-storey terrace houses
• Phase 3: 12-storey condominium with 52 residential units

Property Project : Aston Park East
Location : Bukit Mertajam, Penang
Property Type : 3-storey terrace
Land Tenure : Freehold
Total Units : 52
Developer : Harta Intan Group

Location Map:

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The state government, through its Penang Bumiputera Housing Trust Accounts, will allocate RM52.9mil to build 320 low medium-cost (LMC) homes for bumiputra buyers.

Chief Minister Lim Guan Eng said the LMC homes were part of the 2,093 units of a public and affordable housing scheme called ‘The Rise’ in Jalan S.P. Chelliah.

He said the units would come with parking space, adding that proceeds from the sale of these units amounting to RM23.2mil would be channelled back to the trust accounts.

He added that this was to enable the state government to provide more housing units for bumiputra buyers in the future.

The money in the trust accounts is contribution paid by developers to secure the release of unsold bumiputra lots over the years.

“Penang Bumiputera Housing Trust Accounts now has RM69.3mil. We still have RM16.4mil as balance after deducting RM52.9mil, which is meant for the 320 LMC units.

“We will continue to provide more bumiputra public housing once the RM23.2mil is channelled into the trust accounts following completion of these units within three years,” he said at the groundbreaking ceremony of ‘The Rise’ on Friday.

The project, with a gross development value of RM600mil, is scheduled for completion by November 2019.

The 4.4ha site will house 883 units with a built-up size of 800sq ft priced at RM200,000, 165 units of 900sq ft (RM300,000), 275 units of 1,000sq ft (RM400,000) and 770 units of 700sq ft (RM72,500).

The Penang Municipal Council is the registered proprietor of the land, while Penang Development Corporation was appointed as attorney and project administrator to manage the development of the land for affordable homes.

An open tender was called before it was awarded to developer Zubicon Sdn Bhd to carry out the project.

The facilities planned include a pavilion, linear park, community park, riverfront point, market street, big tree skyway, bus terminal, taxi hub, Chelliah Square, civic centre and surau.

Jalan S.P. Chelliah will also be upgraded.

The state government is embarking on 12 affordable housing schemes (including ‘The Rise’), comprising 22,545 affordable homes in all five districts in Penang.

Work to build affordable homes has begun in Bandar Cassia and Teluk Kumbar.

Source: StarProperty.my

“For landed developments, the option is to either pay increasingly high prices or move further away (from prime locations),” said Real Estate and Housing Developers Association Penang (Rehda) chairman Datuk Jerry Chan.

Escalating prices of landed residential properties in Penang could see transactions slowing down in 2015.

According to Real Estate and Housing Developers Association Penang (Rehda) chairman Datuk Jerry Chan, prices of landed residential properties have been rising over the past few years.

“We don’t see highly motivated sellers yet. Land prices have been moving at a faster rate than their selling prices,” he said.

Chan added that land scarcity was also an issue.

“For landed developments, the option is to either pay increasingly high prices or move further away (from prime locations).”

According to CH Williams Talhar & Wong’s (WTW) in its 2015 Property Market report, prices of newly launched, landed residential properties in Penang continue to rise unabated to new benchmark levels.

It said older residential units in established and growing neighbourhoods, such as Greenlane, remained highly sought-after despite higher asking prices.

“The steep hike in prices is expected to taper off in the near future with more choices of new housing accommodation entering the market.”

According to the report, 985 units of landed residential came into the market last year in Penang Island.

“The construction and completion of the Second Penang Bridge has been a catalyst for new developments in the souther region of Penang Island.

“The existing supply in the Northeast district is slightly ahead of the southwest district (namely 51% of existing supplies in the northeast district and 49% in the southwest district).

WTW noted that the majority of landed residential developments have been focusing on the Seberang Perai area, due to the availability of lands with a comparatively lower land cost as compared to Penang Island.

“According to the National Property Information Centre, existing supply of landed residential was 141,599 units of which 104,804 units (74%) are in Seberang Perai and 36,795 units (26%) in Penang Island.

“With land size nearly triple that of Penang Island, Seberang Perai has abundant land but lacks extensive infrastructure and connectivity.

Landed residential developments predominated in the past few years with high-rise residential making stronger inroads.”

WTW said cumulative supply of landed residential developments stood at 104,804 units, comprising mainly terraced houses.

“In 2014, low take up rates were observed for newly launched projects in Seberang Perai.

The landed residential market appeared to be weakening as developers are having a hard time to push sales in order to clear the unsold units.

“However, the transaction activities regained its momentum in the second half of 2014.”

Compared to the primary, WTW said the secondary market in Seberang Perai remained active, with an upward trend observed in the transaction values of the properties.

Source: StarProperty.my