Sanctuary Residence, the third phase of Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a mere minutes drive to AEON Mall and Tesco Hypermarket.

This is a guarded residential scheme comprises 216 units of 2-storey semi-detached and 2 units of 2-storey bungalow houses. Indicative selling price for the semi-detached unit starts from RM710,000 onwards.

Other phases:

• Sanctuary Garden
• Sanctuary Villa
• Sanctuary Ridge
• Sanctuary Row
• Sanctuary Village
• Sanctuary Terrace

Property Project : Sanctuary Residence @ Permatang Sanctuary
Location : Permatang Tinggi, Bukit Mertajam, Penang
Property Type : 2-Storey Semi-Detached & Bungalow
Tenure : Freehold
Total Units : 216 (semi-detached), 2 (bungalow)
Indicative Price: RM710,000 onwards
Developer : IJM Land
Contact No: 04-296 1222

Location Map:

Ewein Bhd’s unit Ewein Zenith Sdn Bhd has received a letter from the Ministry of Domestic Trade, Co-Operatives and Consumerism conferring the unit as the Champion of Entry Point Project 10 (EPP 10)-Wellness Resorts, under the Economic Transformation Programme (ETP).

In a filing to Bursa Malaysia, the company said the award entails developing a one-stop wellness destination named ‘Wellness City of Dreams’ for health, healing, recuperation, leisure, learning and entertainment.

Meanwhile in a statement, the up-and-coming property developer listed on the Main Market of Bursa Malaysia said this 20.23 ha. project in Bandar Tanjong Pinang, Penang will be fully operational before December 2020.

“It is part of the 44.52 ha. of reclaimed land given to Consortium Zenith BUCG by the Penang Government in return for building the RM6.3 billion Penang undersea tunnel and three road bypasses.

“The consortium projects covering a total of 44.52 ha. will have a gross development value of RM25 billion over the next 10 years,” it said.

Ewein Deputy Chairman and Group Managing Director Datuk Ewe Swee Kheng said: “By building Wellness City of Dreams, Ewein hopes to play a key role in boosting our state’s health tourism sector.

“We project to create high-income jobs by 2020, bold and new entrepreneurial ventures and create a new era of economic growth for Penang.”

Source: Bernama

Springs Ville, a proposed 12-storey high-rise development by Delisprings Development Sdn. Bhd. (a subsidiary of CNH group), within the established township of Bagan Lallang in Butterworth. It is located immediately opposite Taman Segemal, just a few minutes drive from Butterworth Outer Ring Road. Chung Ling (Butterworth) High School is only 1 km away.

This development comprises 108 residential units, with built-up size ranging from 1,259 sq.ft. onwards. It will comes with various facilities such as swimming pool, gym and etc.

Project Name : Springs Ville
Location : Bagan Lallang, Butterworth, Penang
Property Type : Apartment/condominium
Land Tenure: Freehold
Built-up Area: 1,259 sq.ft. – 1,507 sq.ft.
Total Units : 108
Indicative Price: RM356,700 onward
Developer : Delisprings Development Sdn. Bhd.

Location Map:

Affordable housing in Penang is within reach as 3,396 eligible applicants were offered in the last six months, says state Housing Development Committee chairman, Jagdeep Singh Deo.

In stressing this, he said the allegation by a daily newspaper yesterday titled “Cheaper homes out of reach”, was not only mischievous but also did not do justice to the needy and eligible applicants.

“The allegation is inaccurate and not a reflection of the actual position of the state government which has and will continue to prioritise the provision of affordable housing for deserving and eligible Penangites,” he told a press conference, here, today.

On the eligibility criteria for affordable housing, he said firstly, the applicants should not own a property but might be considered if they were upgrading from a low or low-medium cost unit.

“Secondly, there is an income cap, which is a total household income (applicant and spouse) of RM6,000, RM8,000 and RM10,000 for the RM200,000, RM300,000 and RM400,000 units respectively.

“The household income cap as stated is the nett and not gross income as reported in the newspaper, while deductions of Employees Provident Fund (EPF), Social Security Organisation (SOCSO), mandatory insurance and income tax are taken into account.”

Besides, he said, an applicant had to be a Penangite, a registered voter and working in Penang or if not a Penangite, must show proof of employment for the last five years and be a registered voter.

For a non-local, an applicant can show he/she is contributing economically to the Penang economy by working here with proof of employment over the last five years, subject to compliance and consideration.

Source: Bernama

by Charles Tan

I was back in Penang just last weekend for a Toastmasters function. I arrived around 12 noon and after the second bridge, there was a slight jam in the Bayan Baru area. It must be the half-day working day on Saturday. My function was in town and I was travelling from my brother’s home in Sungai Ara. Right after Jelutong expressway, everything came to a slow crawl. Jam at 630pm? Perhaps everyone is going to town area for dinner?

During the dinner, I was talking to a close friend who asked me how’s KL’s jam. I told her that based on the place where I stay and the time I travel, I have not really felt the impact of the jams. She said, that’s good because in Penang, she could feel the jams everyday. I told her I felt the same and these days every morning, the radio deejay would talk about jams and one of the places would be Penang’s first bridge. Yet, what I understand was also that the Penang second bridge continue to be under-utilised thus far. Why is this so?

Perhaps whatever is being planned in Batu Kawan can be pushed for a faster completion. Then, some of the huge

population at this part of the island can move over and relieve the two-lane roads off some of the cars which are increasing like crazy while the road networks remain almost the same. There’s the Penang Transport Masterplan but as at now, even the Project Delivery Partner has not yet been chosen. As for the tunnel and all those additional roads etc, it will only be ready in 2025 or so as per what I read in the newspaper and online. Seriously, I am not sure how long can Penang continue to sustain this growth in the number of cars.

If we look at the number of new projects within say Tanjung Tokong or Paya Terubong, some of us may note the daunting number of units which have been proposed, planned and in the process of construction. I can only hope that the state government does more and faster. Yes, moving some of the huge population growth within the island to mainland is really a very important agenda. Of course, based on the jams currently, it is still nowhere near the typical KL jams in LDP or Federal Highway. However, when the gridlock starts, it would be tough trying to ‘unlock’ it. Cheers.

>> This opinion article comes courtesy of my friend, Charles, the founder of kopiandproperty.com. He is popular for sharing his thought on property investment mostly based on his own 12 years experience as well as from all the readings and conversations with property gurus in the industry. (Source)