Spoilt for choice: A file photo showing visitors checking out some of the projects on offer during the last Property & Investment Expo.

Dream homes, hard-to-resist bargains and investment opportunities await visitors at the second edition of Property & Investment Expo in Penang.

More than 60 developers and real estate agencies will take part in the three-day event starting tomorrow at the Sunway Carnival Convention Centre, Seberang Jaya.

Prospective buyers can explore the latest projects in the market, as well as secondary market properties under one roof.

They can also check out investment firms and financial institutions that offer the best deal on investment opportunities and financial aids.

The event is organised by Ken Link and supported by Penang Development Corporation.

The corporation will showcase current and future affordable housing projects on Penang island and the mainland.

And first-time home buyers can find out more about the schemes at the expo.

There will be a daily ‘Walk-in & Win’ Contest featuring prizes worth RM50,000.

The prizes include a SYM motorcycle, a Samsung 50-inch LED TV, a Gintell massage chair, an I-Rova robotic vacuum cleaner, an LG air-conditioner, a DeLonghi coffee maker, a Panasonic microwave oven and a Cellini 1-seater sofa.

Visitors just need to register themselves at the organiser’s booth to stand a chance to win the prizes.

The major players are Mah Sing Group, IJM Land, Great Marvel, Welcome Properties, Chester Marketing and New Bob Realty.

Also out to make their presence felt are Gold Mart Development, UE E&C Sanjia, Aseania Development, LBS Bina Group, Leadmont, KL Metro Group, Vista Riviera, Khoo & Associates Realty, East West One, Fund SuperMart and Atlantic Blue Solarvest.

Others include Ng Khye Soon Construction, IQI Realty, G.S. Realty, Meridin Properties, Huttons One World, Outsquare, Citibank, Rockwills, GIC and MasteryAsia.

The organiser has also lined up renowned speakers to share their experiences and thoughts on the latest property and investment market.

Among them are Dr Waqipedia, Master Mak, Heng Zee Soon, K.C. See, Keegan Tan, Ko Heng Whye and Jocelline Chee, who will provide insights and updates on property and investment matters, Feng Shui, forex and entrepreneurship.

Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo will attend the closing ceremony on Sunday.

He will also share with visitors on the current and future housing affairs and property climate in Penang.

The event will start from 11am to 9pm daily. Admission is free.

Source: TheStar.com.my

Ideal United Bintang Bhd (IUBB), a heavy machinery and equipment trading company, said its parent company Ideal Property Group will inject a RM1bil property project into the company by the end of this year.

This is part of an on-going corporate exercise over five years to turn IUBB into a property company.

Group executive chairman Datuk Alex Ooi said after an AGM that the group now has about 288 acres (116ha) of landbank on the island, with 25,000 units of properties planned.

“About 20,000 has been approved for more than 10 projects.

“But these properties will have to be injected into IUBB over a period of time in accordance with Security Commission regulations,” he said

By the end of 2015, IUBB hopes to bring in the RM1bil I-Santorini condominium scheme in Tanjung Tokong from its parent company into IUBB, Ooi said.

On Ideal Suncity City Holdings Bhd, Ooi said the company would focus on project management schemes.

“These projects would be transferred from the parent company, Ideal Property Group, into Ideal Sun City over a period of time,” he said.

Source: TheStar.com.my

Ramah Pavilian, an affordable housing scheme at Teluk Kumbar, continues to earn the first spot for the second consecutive month. In fact the traffic has increased by more than 21% from April, and viewed twice as many times as the second project (Tri Pinnacle) in the list.

Surging toward the third place of the leader-board last month was the i-Santorini at Tanjung Tokong. One of the most anticipated affordable housing project in the island. It is only a stone’s throw away from The Tamarind by E&O, which was once ranked the top project for three consecutive months in early 2015. This project is currently open for registration.

1. Ramah Pavilion
2. TRI Pinnacle
3. i-Santorini
4. The Tamarind
5. Eco Terraces
6. One Foresta
7. Sierra Residences
8. The Signature
9. The Clovers
10. Abel Residence

One project worth highlighting is the Eco Terraces by Eco World, ranked the 5th most popular in May. The development is located at Paya Terubong, setting a new benchmark for property prices in that area with an indicative price starting from RM850 psf onward. Undoubtedly, the price comes with an amazing landscape design and concept.

* Projects are ranked based on the actual number of clicks & views in Google Analytic web traffic report for PenangPropertyTalk.com.

PREVIOUS MONTH: 10 Most Popular Projects in April 2015

The Penang government has introduced a new category of housing applicants for affordable housing scheme – the talented and skilled.

According to the State housing exco Jagdeep Singh Deo, the new category is for knowledge workers who were employed and voting in Penang, but not necessary to have 5 years of working experience in Penang.

Currently, in order to be eligible for affordable housing, an applicant has to be a Penangite, employed in Penang and be a registered voter in Penang. For those who are not Penangites, they have to show proof that they have been residing and working in Penang for the last five years and also be a registered voter in Penang.

The proposal by Invest Penang is to cater for those ‘talents and skill’ defined as knowledge workers with either a diploma with a minimum 2 years work experience or a minimum bachelor degree recognized by the government. They have also proposed that for ‘talents and skill’ from other states, the 5 year minimum work experience in Penang be waived, and further, that priority is given to such applicants to affordable housing units located close to their place of employment.

The proposal is in line with the Penang State Government’s aspirations to be an international and intelligent city. The state welcome such individuals with such talents and skill to Penang as they will certainly contribute towards making this aspiration a reality. Hence, SPEC has agreed to adopt this proposal, subject to all other eligibility criterion being met. However, in order to avoid this new category being subject to abuse, the applicant will also have to undertake to be in Penang for a minimum of 5 years from the date of handover of keys of the said affordable housing unit.

Further, SPEC has decided not to reserve a certain percentage of projects available to this category, but will consider applications on a case to case basis, as they will also have to cater to the already existing applicants on the waiting list. Those who wish to apply for such affordable housing units under this category may do so by going through Invest Penang (PSDC Building 1, Jalan Sultan Azlan Shah, Bayan Lepas, 11900 Penang), who will then forward the same to SPEC for consideration.

Orange Regency, an ongoing condominium development by Tah Wah Group in Butterworth, Penang. Strategically located along Jalan Ong Yi How, just a short drive away from SMJK (C) Chung Ling.

The residential component of this development comprises a 12-storey building with 314 condominium units. Unit size ranging from 1,400 sq.ft. onwards.

Property Project : Orange Regency
Location : Jalan Ong Yi How, Butterworth, Penang
Property Type : Mixed Development
Tenure : Freehold
Built-up Area: 1,400 sq.ft. – 2,000 sq.ft.
Total Units : 314 (condominium), 14 (shop office)
Indicative Price: RM 420,000 onwards
Developer : Tah Wah Group

Location Map:

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