Marvel City, a future mixed development by JMR Conglomeration Bhd. in Juru, Penang. It is strategically located next to Park View Residences, just a stone’s throws away from Juru Auto-City. The 50 acres quarry land in Juru will be converted into a mixed of residential and commercial properties, with an estimated GDP of RM2.2bil.

A present, the project is still in its preliminary planning stage. More details to be available upon project launch.

(Last updated: August 2018)

Property Project : Marvel City
Location : Juru, Penang
Property Type : Mixed development
Indicative Price: (to be confirmed)
Developer : JMR Conglomeration Bhd.

Location Map:

Rare and precious like the four-leaf clover revered as a symbol of good luck by many cultures around the world, its iconic architecture and layout is designed to bring residents all the privileges of wholesome living.

Located in Sungai Ara, The Clovers auspiciously signifies living in a sanctuary blessed with showers of good fortune, abundance of love and bountiful hope. It will be the source of joy for the entire family.

‘To be in clover’ is a common idiom that means living a carefree life of ease, comfort and prosperity, and in the project’s 892 elegant condominiums, Asia Green has created something special that allows you to do just that.

Every unit comes with two private lift accessing only from your unit foyer and a luxurious layout and finishing of a villa. The build-up area ranges from 1598 sq ft to Duplex 2907 sq ft with different floor plan options to suit individuals’ preferred lifestyle. Pricing is around RM400 per sq ft onwards.

On top of those luxury spacious units, we are introducing the first time home owner units that suitable for young professionals that wish to own their very first home. These affordable units are meant to help Penangites to own a property especially those young professionals, salary earning RM3,000 to RM10,000 per month. Price is surely affordable at RM200,000, RM300,000, RM400,000 and RM500,000. You can register the affordable units with us at www.asiagreenaffordables.com

You may also enjoy the carefully thought out amenities to tabling to your comfort. Nothing beats the perfectly manicured landscaping and the safely designed swimming lap pool as well as whirl pool for your relaxation and family gathering. In striking a healthier lifestyle, you find yourself working out in the gym overlooking the pools and greeneries or in touch with the nature on the cooling & relaxing forest tracks. Each block would have the luxury of overlooking the pools area or the green forest tracks.

To ensure that you could sleep so providing night, we provide 24-hour security guard to safe-keep your home. For your guests visiting, we make sure you leave a great impression of your residence by presenting main hotel-like lobbies for their entrance and plentiful visitor’s car park space for their vehicles.

With all the goodies, this is a rather big project ideally located in Sg. Ara being serenely tuck away by a hill yet easily accessible to major malls, restaurants, FTZ area, hotels, Penang Bridge, and Penang International Airport.

For more details, you can also visit www.the-clovers.com.

[Sponsored]

One Auto Hub is a 2,000,000 sq.ft. commercial development by PKT Logistic Group in Batu Kawan, Penang. If you are coming from Penang Island via Second Bridge, the development is located on the right side of the highway as you are approaching Batu Kawan toll plaza.

This development comprises a few commercial components, which includes The 12 Waves (Warehouse), The Ship Campus (University), The Lighthouse Lodge (Premium B&B), The Automotive Boulevard, Part Centre, The Mangrove Walk & Wildlife Sanctuary. One Auto Hub is slated to emerge as one of the largest automotive logistics providers in the country to cater to the needs of the automotive industry under the purview of the Northern Corridor Implementation Authority.

The 12 Waves

Claimed to be the longest warehouse in Malaysia once completed. Consists of 12 modular warehouses which are shaped to resemble waves, a rest-and-relax area for truckers and an office suite equipped with a covered solar parking. It is expected to complete by Q2 2016.

 

The Ship Campus (University of Hull)

Spanning 2ha, the University of Hull’s campus called “The Ship” will accommodate some 5,000 students once completed. This is the university’s first franchised branch campus outside the UK. It is expected to be ready by 2017.

University of Hull will be offering Foundation Program (Pre-U), Degree programs and Postgraduate studies in Masters Degree and PhD. These programs will commence in 2017 once the Ship Campus in Batu Kawan is operation.

Upcoming commercial development by Oriental Max Group in Bukit Tengah, Penang. It is strategically located next the group’s gated and guarded project, Central Way 2. Highly visible from the North-South Expressway.

This development comprises:

• 25-storey service apartment (391 units)
• 6-storey motel (48 units)
• 2-storey shop offices (26 units)
• Detached commercial unit with mezzanine floor (6 units)

More details and photos to be available upon project launch.

Property Project : (pending approval)
Location : Bukit Tengah, Penang
Property Type : Commercial development
Tenure : Freehold
Developer : Ocean Mix Sdn. Bhd. (Oriental Max Group)

Malaysia’s average house prices are more than four times the median income of its population, making them “seriously unaffordable”, research by Khazanah Research Institute (KRI) has revealed.

Kuala Lumpur has especially been branded as “severely unaffordable” with house prices 5.4 times higher than the median income in the capital city.

The maximum median range for housing prices compared to median income should not be more than three times the median income. But only one state in Malaysia fits the maximum median range: Malacca, where housing prices are three times higher than the median range. The rest are rated between “moderately” and “severely” unaffordable.

Terengganu is the most severely unaffordable of all the states, with median multiple affordability standing at 5.5.

In Kuala Lumpur, the median house price is now RM490,000 per unit, almost double the median house price ranges in all other states.

Penang was also rated as severely unaffordable while Selangor, Malaysia’s wealthiest state, has a median house price of RM300,000, putting it at the moderately unaffordable level.

The research was authored by Dr Suraya Ismail, Intan Nadia Jalil, and Puteri Marjan Megat Muzafar and titled “Making Housing Affordable”. It said that in the case of Kuala Lumpur, housing prices meant the distribution of house prices was “significantly skewed”.

“Of the new properties launched in Kuala Lumpur in 2014, there were no properties launched below the RM250,000 to RM500,000 price bracket, with the bulk of the newly-launched properties situated in the RM500,000 to RM1 million bracket,” it said.

The research was launched today by KRI chairman Tan Sri Nor Mohamed Yakcop, and entailed recommendations to reform the housing industry. According to the report, institutional reforms are needed to change Malaysia’s approach to housing policies. 

Source: TheMalaysianInsider.com

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