While the recent implementation of the Goods and Services Tax (GST) has made people more cautious about their spending, they are still willing to take the plunge if the right property is available.

This was a common sentiment expressed by exhibitors and visitors at the ongoing Star Property Fair 2015 at G Hotel and Gurney Plaza in Penang.

Eco World Development sales manager Eunice Lee said there was a period immediately after GST where many potential buyers deferred their decision.

“While it prompted some to think twice and study their options in detail, now that things have settled down, people are willing to commit.

“Naturally, pricing is the main concern, especially after the tightening of regulations with regards to obtaining bank loans.

“Location is another key factor, and a good portion of buyers tend to be from within a 10km radius of the particular development,” she said yesterday.

Among those seen browsing the booths for potential investment options were marketing manager Jeffrey Ooi and wife Sueanne Chua, an advertising accounts manager.

“If the product ticks all the boxes, GST or not people will still go for it.

“As an investor, primary considerations are the area, the surrounding facilities and potential rental income,” Ooi opined after checking out the latest phase of MTT Properties and Development’s Botanica.CT township in Balik Pulau.

Valuer Tan See Wei was looking for something mid-ranged, and enquired about Asia Green Group’s The Clovers in Sungai Ara.

“With so many companies in one place, it’s a great time to have a look. Some have nice concepts,” he said.

Retiree S.C. Khor and his wife were interested in affordable options like Ideal Property Group’s One Foresta in Bayan Lepas.

“Like most people, we’re concerned about the price. If it can come down further even better,” Khor quipped.

Meanwhile, the Penang Development Corporation (PDC) booth is exhibiting some 1,921 affordable properties from the state government.

PDC sales and marketing executive Siti Zabedah said the the projects are located in Batu Kawan in south Seberang Prai, Kampung Jawa in north Seberang Prai, and Teluk Kumbar in the southwest district.

“The low-medium cost units for the three locations are priced at RM72,500.

“The other units are priced from RM168,000 to RM220,000 in Batu Kawan, RM200,000 to RM250,000 in Kampung Jawa and RM250,000 to RM330,000 in Teluk Kumbar,” she said.

Siti said the registration for the properties had been slow.

“Although the booth promotes the affordable projects from PDC, buyers can still register for any of the 22,512 affordable units that the private sector and state government are building,” Siti said.

Source: TheStar.com.my

Triuni Residences, the third phase of The Sanctuary development comprises three residential towers, with a total of 552 condominium units. It is strategically located within the established township of Batu Uban, next to The Sanctuary (Phase 1). Just a mere minutes drive from University Science Malaysia and Penang bridge.

• Block 1: 22-storey (176 units) with 3-level multi-storey car park
• Block 2: 24-storey (192 units) with 3-level multi-storey car park
• Block 3: 23-storey (184 units) with 5-level multi-storey car park

Project Name : Triuni Residences
Location : Batu Uban, Penang
Property Type : Residential Development
Land Tenure: Freehold
Total Units : 552
Indicative Price: Gross from RM700psf onwards
Developer : B.U. Developments Sdn Bhd ( Runnymede Group)

Location Map:

SITE PROGRESS

SITE PROGRESS: Triuni Residences (March 2020)

SITE PROGRESS: Triuni Residences (Dec 2019)

Forest Ville, a twin towers freehold project by Ideal Property Group in Bayan Lepas, Penang. Located on an 11-acre land, the two towers were part of One Foresta affordable housing scheme located along Lengkok Kelicap.  Schools, financial institutions and healthcare facilities are only short drive away.

This development scheme comprises 991 condominium units with size ranging from 1,000 sq.ft. to 1,050 sq.ft. Indicative price starts from RM450,000 onwards. Facilities will include a treehouse, viewing deck, camping area, barbecue pit, jogging track, function hall, gymnasium, kids’ play and games rooms, lap pool, family pool, Jacuzzi, playground and gym.

Property Project: Forest Ville
Location : Bayan Lepas, Penang
Property Type : Condominium
Land Tenure : Freehold
Built-up Area: 1,000 sq. ft. & 1,050 onwards
Indicative Price : RM450,000 onwards
Developer : Ideal Property Group

SITE PROGRESS

SITE PROGRESS: Forest Ville (Jan 2020)

The grandest showcase of stylish living — Star Property Fair 2015 — opens at G Hotel and Gurney Plaza in Penang today, offering home hunters and investors varied options both locally and abroad.

The event runs until Sunday and opens from 10am to 10pm daily. Visitors can expect to find attractive packages and bargains alongside informative property-related talks, fun activities and contests with great prizes.

Now in its 14th edition, the fair brings together over 40 major developers and real estate agencies, offering a vast range of products from landed to high-rise residences, retail and office spaces, integrated developments, affordable homes and investment schemes.

First-time home buyers, upgraders or investors looking for sound options will have a vast choice of properties — each offering unique lifestyle concepts and living environments — to consider.

Eco World Development Group will once again be the biggest exhibitor, alongside BSG Property, IJM Land, Asia Green Construction, Iconic Development, Ivory Properties Group, Mah Sing Group and Tropicana Corporation.

Other big names include Berjaya Land Development, MTT Properties and Development, Tambun Indah Land Bhd, Lone Pine Group of Companies, Nusmetro City, Runnymede Group of Companies, Ideal Property Group and Bandar Utama Development.

Joining them are PJ Midtown, KL Metro Group, Seni Bahagia, Australia Property and Development, Trimension Properties Group, Aroma Development, Property Talk, Gambier Sanctuaries, Dennis Wee Realty, First Lead Investments Consultant, Chester Properties and Vona Parkcity.

Also showcasing their projects are Putra Nilai Development, Protasco Land, Absolute Living Developments, Zhuoyuan Iskandar, Plenitude Bayu, OSK Properties, Farlim Group (Malaysia), Atlantic Blue (Solarvest), Penang Development Corporation and Zeon Properties.

Rounding up the list are Golden Ago Plantation (Mukah), GIC Great Investor Club, Sime Darby Auto Hyundai, Afcar Auto, Rockwills and Public Bank.

The eagerly anticipated talks and forums are also on, touching on topics ranging fromfeng shui to investment strategies, bank loans, affordable housing and property tax, all conducted by experts in their respective fields.

Around 20 sessions are scheduled from 11.30am to 6.30pm at G Hotel throughout the fair, and sponsored by Hong Leong Bank.

Attendees will be able to glean useful information and insights on various property matters.

Spicing things up is the Spin & Win contest offering more than RM100,000 worth of prizes, with highlights being Samsung Galaxy A3 smartphones, Samsung Tab 3V and Asus Fonepad 7 tablets, as well as Parkson gift vouchers.

There are also Philips DVD players, Blu-Ray players, Swatch and Columbia watches, Coach lanyards, Swarovski pens and jewellery boxes, Crabtree and Evelyn Hand Therapy gift sets, cordless phones, steam irons, power banks, hampers, Sanctband Active Ex-Band and Loop Band, wallets, luggage tags, key chains and shower gels to be won.

To take part, simply purchase a copy of The Star, cut out the contest coupon, fill in your personal particulars, answer a simple question correctly and redeem it for a spin on the wheel.

A booth will also be available for those who wish to subscribe to The Star’s newspaper and ePaper bundle. Specially for Hari Raya, a one-year new subscription is now only RM300, instead of the usual RM360.

Renewal for one or two years remain the same at RM260 and RM520 respectively. New subscribers are entitled to eight spins in the contest, while those who make one and two-year renewals get five and 10 spins respectively.

All subscriptions come with two complimentary passes to Break The Code real room escape located on Gurney Plaza’s 4th floor, worth RM70. Admission to the fair is free.

Source: TheStar.com.my

Commitment from the Group Managing Director

Dato’ Yeoh, the Group Managing Director of VST Group once said,”Our customer is our boss’ BOSS!” This statement generally resonates well with many people however when these words are uttered by the captain itself, steering the iconic ship through an ocean of vast opportunities then you know that it’s certainly in the right direction.

Customers, after all, are kings and if they are treated with sincerity, they tend to show a greater level of appreciation and demonstrate the kind of trust expected when contemplating the choices that they have in their hands.

Dato’ Yeoh’s success formula is simple, primarily based on one word – SINCERITY. And when you combine SINCERITY and INTEGRITY, you have a comprehensive ingredient for success.

More Than 20 Years of History

What started originally as a family business, their humble beginnings can be traced back to 1990 when it was established as an investment arm with properties and land in Penang Island, Seberang Perai Tengah, Perak, Selangor, Kuala Lumpur and Terengganu. Their core business activities include construction, property development, interior fit-out and investment.

Over the years, they have been engaged to build schools, hospitals and even universities apart from residential areas. It is clear that VST Group’s approach is to extend their product offerings beyond urban living.

The wide array of product offerings and enriching experience does indeed allow greater diversity in their thinking and approach towards engaging the customer on a more effective level.

Awards of Honesty and Excellence

Rome was never built in a day and neither is reputation developed overnight. With a consistency of expounding the vision of “Providing Quality Lifestyle” for the last fifteen years and translating that vision into reality, VST Group’s efforts and the hard work of its team has been appreciated in the form of the awards they have received in the past which includes 2012 Asia Pacific International Honesty Enterprise Award and 2011 Asia Pacific Entrepreneur Excellent Award.

The 2012 Asia Pacific Award recognizes the operating and managing style of an enterprise, its reputation as well as public image in the market. It is also a vital indicator when entrepreneurs choose their strategic partners or when consumers make their purchasing decisions.

On the other hand, the 2011 awards is primarily a reflection of the organization’s strength and its stability in the market, coupled with an excellent performance in all areas or which have pioneered and made significant contributions towards society.

Core Focus in Improving Quality Lifestyle

Providing quality lifestyle encompasses the challenge of consistency in providing quality products so as to ensure there is a growing pool of satisfied customers. The emphasis on quality has allowed VST Group to build a stable group of core customers who share the belief of their products offering.

With the core focus in improving the residents’ lifestyle, VST Group continue to find innovation in the product offerings yet continue to enhance the quality of the products itself. In order to seek innovation, there is a consistent need to invest in construction technology of the future. Coupled with innovative green features in their projects, they are armed with the right kind of tools to challenge the current status quo.

A Company that Last for Generations

On the other hand, building a company that would last for generations is a compelling reason why VST Group continuously seeks to improve themselves in many different ways as the competitive business environment heats up. Yet the vision of building a company for tomorrow only serves to spur VST Group to arm themselves with the necessary tools to compete in a vast sea of opportunities.

The sky is never the limit yet this philosophy is very much embraced in a whole hearted manner by continuously seeking to expand beyond their existing boundaries. After all, the only way to excel and move forward is to learn how to challenge yourself to explore the boundaries that might stifle your own creativity and efficiency. VST Group’s mantra seeks to see things differently as a multi prong approach towards a comprehensive and holistic understanding of the subject matter in question.

With the best ideas in mind and the most elaborate strategy on paper, it is fundamentally the flawless execution that will determine the success of a grand scheme of things. Therefore VST Group’s continuously emphasize that only the best people are to be hired to join their organization.

Latest Projects & Beyond

VST Group’s latest projects include Mont Residence (Mount Erskine, Penang) which will be officially launched soon. VIM 3 at Desa Park North (KL) and Reizz Residence at Jalan Ampang (KL) are now open for registration and getting a very good response from the market. There is already a 90% take up rate of the innovative Icon Residence in Kuala Trengganu . The other interesting on-going project which is a clear reflection of their diversity is Kuala Trengganu Specialist Hospital.

In their pipeline, VST Group’s projects are worth an estimated RM5.62 billion for the next five years. With a land bank of 100 acres sprawling across five states in Malaysia that includes Kuala Lumpur, Selangor, Penang, Johor and Terengganu VST Group is well positioned in their quest to be the premier developer of high-end quality homes in 5 years.

VST Group’s approach of thinking beyond just building a structure and their attention to details in their working philosophy will provide the necessary catalyst for them to seek the expansion that they have originally charted while traversing the ocean of possibilities.

VST embraced principles includes an enrichment element of a human touch yet it seeks to build a world with an emphasis on the little things in life that would make a difference in our lives. After all, what matters are the little things that we do every day that makes people smile that will spread joy to our hearts.

It is always about the people. That makes the difference.

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