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UPCOMING: Bukit Minyak / Metro Jelata Group

Bukit Minyak/ 19 August 2015 8 comments

upcoming-metro-jelata

A proposed strata residential development by Metro Jelata Group in Bukit Minyak, Penang. Strategically located next to BM Utama housing scheme by DNP Land, about 5 minutes away from AEON Big hypermarket. It will takes about 15-20 minutes drive to Penang bridge.

This development comprises:

  • 2-storey semi-detached (2 units)
  • 2-storey terrace (38 units)
  • 3-storey terrace (29 units)

More details to be available upon project launch.


Property Project : (to be confirmed)
Location : Bukit Minyak, Penang
Property Type : Residential (Gated & Guarded)
Indicative Price : (to be confirmed)
Developer Metro Jelata Group

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Skyridge Garden

Tanjung Tokong/ 18 August 2015 484 comments

skyridge-garden-ad2

Skyridge Garden, a high-rise residential development by OHM Group in Tanjung Tokong, Penang. It is located along Lebuhraya Halia, only a stone’s throw away from the The Latitude and The Peak Residences by Ivory.

This development comprises a 40-storey luxury condominium with 486 residential units, one unit of bungalow and the restoration of a 2-storey heritage building.

Property Project : Skyridge Garden
Location : Tanjung Tokong, Penang
Property Type : Condominium
Built-up Area : 1,450 sq.ft. & 2,335 sq.ft.
Indicative Price : RM718,000 onward
Developer : Jiran Bina Sdn. Bhd. (OHM Group)
Website : www.skyridgegarden.com
Contact No: 04-2299 559

Register your interest here or call 04-2299 559 for more details

Location Map:

 

 


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Cutting cost with ‘DIY law’

Property News/ 17 August 2015 3 comments

keysMany people dread going to the lawyers as it means forking out hundreds if not thousands of ringgit in legal fees for their service.

However, Malaysians wishing to prepare uncontested wills and probate, documents on tenancy agreement, purchase or transfer of property, or even divorce petitions can be spared the dreaded trip to legal firms soon with the “Do-it-yourself law” set to become a reality, Nanyang Siang Paureported today.

The “DIY law”, which will be available free of charge online, will change the way how common legal matters can be dealt with.

According to the report, Bon Advocates, which has been pushing for “DIY law”, is coming out with template agreements, allowing consumers to prepare wills and handle property purchases, loan agreements and divorces without relying on lawyers.

For example, the standard legal fee for a sale and purchase agreement for a property valued at RM150,000 is RM1,500.

With the DIY law, a property buyer can save this amount by filling out the relevant forms made available online.

Similarly, for wills, one can save between RM300 and thousands of ringgit the DIY way.

Edmond Bon of Bon Advocates told the daily that lawyers should be fighting for justice and rights of the people and not make profits from petty legal matters.

“Making wills, tenancy agreements, property purchases and transfers, etc can be done using template documents provided online, without the help of lawyers,” said Bon, whose firm has been working with some law students on the DIY law on pro bono basis.

Bon said DIY law is a new concept in Malaysia, but it is common in the United States, United Kingdom and Singapore.

US and UK’s Rocket Lawyer and the Law Canvas of Singapore are common DIY law, the human rights lawyer pointed out.

Source: TheSunDaily.my

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Trams making comeback under RM27bil Penang plan

Property News/ 15 August 2015 16 comments

penangdevelopment150815The possibility of trams plying the streets here again is nearing reality as a consortium has won the bid to carry out the RM27bil Penang Transport Master Plan.

Trams, which were a feature in pre-Independence Penang, are among proposals under the PTMP, which includes light rail transit (LRT) lines and a 20km pan-island expressway linking Bayan Lepas and Tanjung Bungah.

Chief Minister Lim Guan Eng announced yesterday that SRS Consortium, a company formed by public-listed Gamuda Bhd and two local property firms, had been appointed as the project delivery partner (PDP) for PTMP, which is aimed at mitigating traffic congestion in Penang. The two Penang-based firms are Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd.

His announcement confirmed a StarBiz report yesterday, which quoted sources as saying that Gamuda had been appointed as the PDP and that it had formed a company with two local firms to implement the PTMP project.

Lim said the critical components were the LRT, trams and roads.

“The LRT is not just on the island but on the mainland as well. It must be carried out outside the heritage zone. Within the heritage zone, we have to go back to the tram service. Reviving this system will make Penang unique and romantic,” he told a press conference at his office in Komtar before handing the letter of award to SRS Consortium chief executive officer Datuk Lin Yun Ling.

Lim said the state executive council appointed SRS Consortium as the PDP on Wednesday based on its extensive expertise on mass rail transit and related public transport infrastructure as well as large-scale township development.

He said Gamuda held a 60% stake in SRS and the two locals firms, 20% each.

He said the consortium would be working closely with the state government in the next six months to ascertain the detailed execution masterplan, engineering designs, gather public feedback and obtain all state and federal approvals for each PTMP component.

Besides the LRT, tram and pan-island expressway, it had been reported that the other components were a catamaran system and a RM100mil highway interchange upgrading project.

“Hopefully, we will also be getting cable cars and water taxis,” Lim said.

He said once the approvals and planning for the various PTMP work packages were in place, the consortium would call for open tenders and invite tender submissions.

On which component of the PTMP would begin first, Lim said it would depend on which licence or permit could be secured.

He said the first PTMP project was expected to be rolled out by 2017 and all its components completed by 2030.

Lim said the consortium would employ strict safety and environment protection standards and measures to minimise the PTMP’s environmental and social impact.

“The state government emphasises that all costs and expenses incurred will be fully borne by the PDP in the event that no approvals for each PTMP component is obtained from the Federal Government,” he added.

On funding from the state government, he said the issue would only be addressed once the consortium secured all licencing approvals from the Federal Government.

“We will be working on a financial model based on a land swap. But it is still too premature to talk about this,” Lim added.

In the StarBiz report quoting sources yesterday, it was stated that the old Prangin market, popularly known as Sia Boey (Town’s End), had been designated by the state government as the site for the central LRT station.

From Sia Boey, the initial plan is to have a 17.5km LRT line running from inner George Town to Bayan Lepas. There will be two additional lines, running from Sia Boey to Tanjung Tokong via Kelawei Road, and to Paya Terubong via Datuk Keramat and Air Itam.

Source: TheStar.com.my

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Gamuda gets PDP job for Penang project

Property News/ 14 August 2015 No comments

penang-lrtGamuda Bhd has been appointed as the Project Delivery Partner (PDP) to oversee and realise certain key components in the RM27bil Penang Transport Master Plan (PTMP).

Sources told StarBiz that the group has recently received the letter of award from the state government following a state executive councillor meeting, which endorsed the appointment.

On Aug 12, State Local Government, Traffic Management, and Flood Mitigation Committee chairman Chow Kon Yeow announced that a PDP had been appointed and the company was given two weeks to accept or decline the appointment.

It is learnt that Gamuda has formed a company with two local firms to implement the PTMP project.

The company will undertake the RM5.3bil LRT project and a RM4.5bil 20km pan-island linked expressway linking Bayan Lepas and Tanjung Bungah, which are among the key components of the PTMP first phase.

The other schemes in the first phase that Gamuda will implement include a RM100mil tram and catamaran system, and a RM100mil highway interchange upgrading project. Although Gamuda has received the award letter, the company still has to obtain a LRT license from the federal government to implement the project in Penang.

This LRT permit will take about nine months to one year to obtain.

“Gamuda is now in the process of appointing local contractors to undertake soil and alignment studies for the LRT project,” the sources said.

According to sources, the old Prangin market, popularly known as Sia Boey (Town’s End), has been designated by the state government as the site for the central LRT station.

From Sia Boey, the initial plan is to have a 17.5km LRT line running from inner George Town to Bayan Lepas.

There will be two additional lines, running from Sia Boey to Tanjung Tokong via Kelawei Road, and to Paya Terubong via Datuk Keramat and Air Itam.

In an interview last year, Chow said the LRT line – which will be supported by a revamped stage bus system and trams – would be a priority, with completion targeted for five to six years.

In an interview a year ago, Chow said the PDP would also have to oversee the other infrastructure (RM16bil) and public transport (RM9bil) projects in the PTMP.

The institutional costs is estimated to be RM905mil, and Penang would have to foot about RM10bil of the total RM27bil cost, Chow said.

“The RM10bil allocation from the state does not include the RM6.3bil for the undersea tunnel and three expressway projects,” he said.

The 6.5km road tunnel is planned to run from Gurney Drive to Bagan Ajam in Butterworth.

The expressways include a 4.2km bypass from Persiaran Gurney to Persiaran Tun Dr Lim Chong Eu, a 4.6km expressway and by-pass from Tun Dr Lim Chong Eu Expressway to Bandar Baru Air Itam and a four-lane 12km road linking Tanjung Bungah with Teluk Bahang.

Chow said some of the projects would fall under the jurisdiction of the federal government.

Source: TheStar.com.my

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