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Urban living close to nature

Property News/ 3 July 2015 No comments

metn_4a_0307_pbh_1Inspired by the leaf considered a symbol of good luck around the world, The Clovers in Sungai Ara, Penang, will be a sanctuary imbued with nature’s wonders.

The freehold residential high-rise project by Asia Green Property Development is designed with verdant elements and versatile facilities that create a comfortable and peaceful lifestyle.

It comprises a trio of 42-storey towers housing modern condo units with standard units starting from a compact 728sq ft with two bedrooms, up to a spacious 1,598sq ft with 3+1 bedrooms.

The largest are Duplex penthouses up to 2,907sq ft with five bedrooms.

A key feature is the two private lifts that serve each block, offering residents direct and convenient access to individual units.

The last tower for The Clovers, currently under construction and estimated for completion in mid-2017, will be launched at the upcoming Star Property Fair 2015 from July 9 to 12 at G Hotel and Gurney Plaza.

Asia Green marketing director Tan Li Mei said the development’s concept epitomised the idiom ‘to be in clover’, meaning to live a pleasant and carefree life.

“The development will have manicured landscapes and other green features to facilitate eco-living,” said Tan.

“The highlight of the natural elements that entwine the whole project will be a lush 14,000sq ft Jungle Trek that forges through leafy surroundings atop the podium.

“Every unit of The Clovers is designed to be a classy space for living, entertaining and relaxing, and offers glorious views of the surrounding hills or cityscape.

“All units come with elegant fittings and finishing,” Tan said of the units priced at an average of RM700,000.

Inhabitants will find much joy in the wealth of facilities. They include a floating gym overlooking three large swimming pools and landscaped areas, kids’ play area, basketball court, barbecue pit, as well as dance, game and entertainment rooms.

Nestled in a prime location, The Clovers is close to the Penang International Airport, both Penang bridges, schools, shopping centres, hotels and restaurants.

Another of Asia Green’s classy developments, the QuayWest Residence in Persiaran Bayan Indah near Queensbay Mall, will also have its soft launch during the fair.

The QuayWest Residence features 24- storey towers with units sized from 728sq ft to 2,013sq ft. Layouts vary from a two- bedroom unit to a luxurious duplex with an average price of RM900,000.

Residents will enjoy easy and convenient access to their units via two private lifts.

“Some units feature a unique dual-key concept. It’s like two homes in one. This special design allows owners to use one unit for their own, and the other for elderly parents or relatives. They can even rent it out,” Tan said.

The podium has four acres of facilities including conference, reading, entertainment and dance rooms, multipurpose hall, lounge, gym, leisure and children’s pools, whirlpool and children’s playground.

There are also rooftop gardens with infinity pool and yoga deck where one can take in views of the sea and Pulau Jerejak.

Estimated for completion in early 2019, the freehold development with commercial title enjoys an excellent location between both Penang bridges, and is surrounded by mature districts.

“Units at both projects are reasonably priced,” said Tan, adding that they would be offering special packages that help aspiring home owners realise their dreams.

Purchasers during the fair will get the chance to redeem a guaranteed discount voucher of RM10,000 and also pick a multiplier scratch card which can boost the discount up to five times.

To find out more, visit Asia Green at booth N1 during the four-day fair from 10am to 10pm.

The Star Property Fair, now into its 14th year, is the grandest property showcase in the northern region. This year, there will be more than 40 exhibitors participating.

Source: TheStar.com.my

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Plans to sell land hit snag in Air Itam

Property News/ 2 July 2015 No comments
airitam

Google Map: Air Itam

The Penang government will ‘fight till the end’ to safeguard the interest of 3,000 families staying on the plot of land belonging to 1Malaysia Development Bhd (IMDB) in Air Itam.

Chief Minister Lim Guan Eng said the state would ensure the interest of each ground tenant is protected should there be housing developments taking place on the 94.7ha land.

He said the state had no information pertaining to any land sale in the area although there were reports that several parties were interested in it.

“I just wish to remind whoever the land buyers are that any approval needs to come from the state government,” he said, referring to approval for land deals.

“We hope 1MDB will fulfil its promise in the last general election to carry out several housing projects.
“But please do not forget there are 3,000 households staying on the land. We will not budge and will protect the interest of these people,” he told reporters at Komtar yesterday.

Lim was commenting on reports that 1MDB had received ‘proposals’ for its land in Air Itam in Penang and Pulau Indah near Port Klang in Selangor.

1MDB plans to appoint a real estate consultant to evaluate several proposals to buy its land in Penang and Selangor.

These developments follow efforts by the government strategic fund to monetise its various land parcels through joint ventures or outright sales.

It is part of a strategic review to decrease its RM42bil debts as of March 2014.

1MDB president and group executive director Arul Kanda had said that 1MDB had received significant expressions of interest in both land parcels.

“An announcement on the progress will be made within the next two weeks,” he had said.

Source: TheStar.com.my

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Pine Sanctuary

Paya Terubong/ 30 June 2015 7 comments

pine-sanctuary

Pine Sanctuary, an upcoming mixed development by Geo Valley Sdn. Bhd. in Paya Terubong, Penang. It is strategically located next to the proposed 816m paired road connecting Taman Lone Pine to Sun Moon City, which is to be built as part of this development.

This development was first planned few years ago and the latest proposal comprises three blocks of high rise condominiums and one block of affordable housing, sitting above three storey of commercial floors with ample parking bays.

Development phases:

Phase 1:

  • 41-storey affordable housing (464 units)
  • 47-storey condominium (388 units)
  • Commercial lots (241 units)

Phase 2:

  • Two 47-storey condominiums (776 units)

This project is still pending for approval. More details to be available upon project launch.

READ MORE ABOUT AFFORDABLE HOUSING:

For registration details, you may refer to http://erumah.penang.gov.my/
Property Project : Pine Sanctuary
Location : Paya Terubong, Penang
Property Type : Mixed development
Total Units: 1164 (condo), 464 (affordable), 241 (commercial)
Built-up Area: ~850 sq.ft. (affordable)
Tenure : Freehold
Indicative Price : RM300,000 onwards (affordable)
Developer : Geo Valley Sdn. Bhd. (Lone Pine Group)

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
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E&O Receives Over 3,000 Registrations For The Tamarind’s Second Tower

Property News/ 30 June 2015 3 comments

the-tamarindEastern & Oriental Bhd (E&O) has received over 3,000 registrations for the Tamarind‘s second tower, the first executive apartments at its flagship Seri Tanjung Pinang development.

Its marketing and sales general manager (Penang), Christina Lau, said Tower 1B, consisting of 552 units, received an overwhelming response after Tower 1A, launched in February this year, was sold out.

“The successful launch of the first tower (Tower 1A) helped to drum up the keen interest for Tower 1B and also people recognised the opportunity to own a prized property in a much-desired address in Penang,” she said in a statement here.

Lau said the project’s attractive pricing, starting from RM600,000, and backed by E&O’s strong brand and track record were among the top reasons for The Tamarind’s appeal.

The Tamarind, a 2.8-hectare freehold high-rise development with an estimated gross development value of RM900 million, features two blocks of 33 storeys comprising 1,104 units with three bedrooms and two bathrooms starting from 1,047 sq ft.

The project also marked the first time a local property developer collaborates with home furnishing specialist, IKEA, to provide full furnishings of its show unit.

Source: Bernama

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Summit 191

George Town/ 27 June 2015 38 comments

summit-191

Summit 191, a serviced residence block by M Summit Group in the heart of Georgetown, Penang. It is strategically located along Jalan Magazine, immediately opposite Komtar and adjacent to St. Giles Wembley Hotel.

This development comprises a 23-storey executive suites and the restoration of 5 unit 2-storey heritage shoplots. One of the most notable features of this development is its automated robotic parking system that allows you to park your car with a peace of mind.

In an automated parking, you just drive into the central loading area and park. There is no need to drive up and down ramps, no parking skill is needed and you don’t even have to remember your car parking lots. Everyone gets the chairman’s spot!

Property Project : Summit 191
Location : Georgetown, Penang
Property Type : Commercial suites
Land Tenure : Freehold
Total Units: (to be confirmed)
Built-up Area : (to be confirmed)
Indicative Price: (to be confirmed)
Developer : M Summit Group

Location Map:

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