Penang Affordable Housing Video

(courtesy of Penang State Housing)

Taman Daya Maju, a residential development by Airmas Group in Bukit Mertajam, Penang. Strategically located next to the junction between Jalan Song Ban Kheng and Jalan Megat Harun. It’s only few hundred meters away from the Maju Jaya Business Center, just a mere minutes drive to Bukit Mertajam Town Center.

This development comprises 54 units of 3-storey townhouse.

More details to be available upon project launch.

Property Project : Taman Daya Maju
Location : Bukit Mertajam, Penang
Property Type : 3-storey Townhouse
Total Units: 54
Indicative Price: RM468,000 onwards
Developer : Airmas Group

Location Map:

Pearl Tropika, is the latest development of the self-contained Pearl City township of Simpang Ampat in Southern Seberang Perai. It is just next to Raintree Park, only a mere minutes drive to the North-South Highway, Penang Science Park and the Penang Second Link and Pearl City Mall.

Property Project : Pearl Tropika
Location : Pearl City, Simpang Ampat, Penang
Property Type : 2-Storey Terrace & Semi-D
Land Area: 20′ x 56.5′ onward (Terrace),  30′ x 73′ onward (Semi-D)
Built-up Area: 20′ x 36.5′ onward (Terrace), 22′ x 45′ onward (Semi-D)
Tenure : Freehold
Indicative Price: RM428,000 onward (Terrace), RM566,000 (Semi-D)
Developer : Tambun Indah

Location Map:

Poll to find name for Penang’s new, intelligent, satellite township

Groundbreaking of Aspen Vision City in Batu Kawan, Penang

The people will have a say in the naming of Penang’s new, intelligent, satellite township on mainland Seberang Prai.

The township is in Batu Kawan, in the southern Seberang Prai district, Chief Minister Lim Guan Eng said today.

He said state investment arm Penang Development Corporation (PDC), which owns the land in Batu Kawan, was in the process of demarcating the areas to be included in the new township.

“We expect it will take about a month for PDC to determine the areas for the new township. Once that is done, we will start an online poll so that the people can give their input on what we should name it.
“The online poll may be for two months or even six months. We will make the announcements in due time,” he told reporters after the groundbreaking of the Aspen Vision City project in Batu Kawan this morning.

Lim had recently said that there was a need for a name for the new township, which was transforming the old, quiet town of Batu Kawan. The plan had earlier caused some confusion and had met with the disapproval of researchers and historians interviewed in Chinese newspapers.

Lim said the new name would not replace the old name Batu Kawan, as the area itself would still remain apart of the new development.

“Batu Kawan will still be here as a part of this larger satellite township, which we envision will grow into a metropolis in the future,” he said, stressing that the area, where Fortune 500 companies were present, remained important to Penang’s economy.

While the actual boundaries of the new township are yet to be disclosed, Lim had previously said that the southern Seberang Prai district, which is also seeing new developments, could be included in the plan.

Aspen City Vision, a mixed development with a gross value of RM8 billion, is also expected to change the landscape of Batu Kawan.

The project is a joint venture between the Malaysian Aspen Group and Ikano Pte Ltd, which owns the Ikea franchise in Singapore, Malaysia and Thailand. The partnership is also bringing the famous Swedish furniture retailer to Penang.

Ikea in Batu Kawan will be the brand’s first outlet in the northern region. The store is expected to be ready in 2018, along with Aspen Vision City’s phase one, Vervea, the biggest gated and guarded commercial precinct in northern Malaysia.

Aspen Group chief executive officer Datuk M. Murly said the project would change the landscape of Batu Kawan and beyond, as neighbouring areas would also benefit from the new developments.

Source: TheMalaysianInsider.com

One of the most common question asked here is the current market value of a property in Penang. Certainly, it is everyone’s dream that their property value gain a measurable appreciation.

Property market value can be interpreted very differently depending on the specific market you’re discussing. Each house is unique and its prices may varies based on the exact location, road number, house number, house direction, neighbors and etc. One’s house may be able to sell at a much higher premium than the next door just because the house number is 8. Whereas a house facing junction may have to be sold at a discounted rate.

In reality, highest and lowest transacted prices are generally viewed as alternate expressions of a market value. A buyer would usually refer to the lower transacted price as a bargain whereas the seller would choose the higher ones to close the deal.

Instead of showing statistic from NAPIC, which most of you may be familiar with; I have solicited some actual transacted data for both Island and Mainland from reliable sources. Hopefully this will shed some lights for those who has been very curious on property transacted in Penang.

*These transaction were randomly picked, thus they neither reflect highest nor lowest transacted prices.

– Ken Lim
(Founder and Principal Reviewer, PenangPropertyTalk.com)