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10 Most Popular Projects in December 2014

Statistics/ 19 January 2015 4 comments

Which were the most popular properties in December 2014? With indicative price starting from RM198,000 up to RM1,000,000 (estimated) – here are the most viewed properties published at PenangPropertyTalk.com:

  1. The Tamarind
  2. Setia Sky Vista
  3. Fiera Vista
  4. Skycube Residence
  5. BM City
  6. Imperial Residences
  7. One Imperial
  8. Garden City @ Raja Uda
  9. Ramah Pavilion
  10. The Clovers

As usual, properties priced between RM500,000 – RM800,000 continued to dominate the top 10 list. 7 out of 10 projects were located in the South West district, within the township of Sungai Ara and Relau.

Stay tuned for the next statistics in first week of February.

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

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Plans underway to set up mini Korean town at Penang mall

Property News/ 18 January 2015 1 comment

Ready for Korean wave: The VIPs, guests and retailers touring Phase Two of Penang Times Square.

The Korean wave will hit Penang when a mini Korean town is set up at the Penang Times Square this year.

Jaebok Holdings Sdn Bhd chairman Lee Jonggi said Phase Two of Penang Times Square would have some 150 retail lots opening up within six months.

“We’re now in discussion with the retailers to showcase the best of Korean food, cosmetics, fashion, accessories and much more,” Lee told a press conference after signing an appointment agreement at the Ivory Tower auditorium at the mall.

Penang Times Square general manager C.C. Yeap said Phase Two would involve four levels and 188 retail lots.

Also present at the mall for the signing of the agreement were state executive councillor Chow Kon Yeow, Ivory Properties Group Berhad executive director Datuk Ooi Chin Loo and Jaebok Holdings chief executive officer Casey Jung.

Some 30 Korean retailers were also present and they were taken on a tour of the mall after the ceremony.

In an unrelated development, Yeap said Level Three of Phase One had been transformed into a Popcity.

“It showcases a ‘shopping zone’ for online bloggers to sell their items and a ‘game zone’ featuring archery combat and inline skating.

“It will also have a ‘chillax zone’ for the public to hang out,” Yeap said.

An opening party will be held today from 11am to 9pm.

The party will also feature a beauty talk and makeover tutorials by some invited celebrities.

Among the celebrities giving beauty tips will be fashion model Daniel Mehr, Miss Malaysia Grand International 2013 Michelle Madeleine Moey, Miss Malaysia Global Queen 2010 Joelle Tan and online fashion model Natelynn Tiow.

Source: StarProperty.my

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Alila 2

Tanjung Bungah/ 16 January 2015 110 comments

Alila 2, a luxury condominium development by Hunza Group in Tanjung Bungah. It rest on a hill above the hustle and bustle of Penang Island, yet close enough to Batu Ferringhi, international schools, medical facilities, retail outlets and eateries.

This development featuring two 33/34-storey towers with 270 residential units.

Property Project : Alila 2
Location : Tanjung Bungah, Penang
Property Type : Luxury Condominium
Tenure : Freehold
No. of Blocks : 2
No. of Storey : 33 & 34
Total Units : 270
Indicative Price : (to be confirmed)
Developer : Nilai Arif Sdn. Bhd.
Project Manager: Hunza Group 

Location Map:

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Shortage of affordable housing a rising concern for Penangites

Property News/ 16 January 2015 No comments

With property prices soaring in Penang, the shortage of affordable housing remains a huge concern for people in the state.

Despite the move by the state government with the Penang Development Corporation (PDC) to initiate several projects which will deliver more than 22,000 units of affordable housing in the next five to 15 years, there is still a growing worry that this will not meet the demands of prospective buyers.

Homemaker Faridah Mydin, 62, is a long-time resident of the People’s Housing Project (PPR) low-cost flat scheme in River Road, Sungai Pinang.

The former hawker has lived in the cramped rented flat for the past 12 years because she cannot afford any other property.

Her household comprising herself, her husband, four children and four grandchildren are making do with only three bedrooms to share in the 500sq ft unit.

“Yes, it’s very cramped but what other choice do we have? We cannot afford any other place.

“At my age, I may not need a new or bigger house, but I hope my children and grandchildren will be able to live in a more comfortable home.

“My daughter who just got married has applied for a RM72,000 low medium-cost home but she has been on the waiting list for quite some time,” said Faridah when met at her home.

Saadiah Mohd Yusoff, 57, lives in a cramped unit with more than 10 family members comprising her husband, six children and four grandchildren.

“We’re a big family but we can only afford the monthly rental of RM102 here because houses are so expensive. We cannot afford to move to a bigger home.

“Some family members who are not working depend on my husband who earns only around RM1,600 as a garbage truck driver.

“There really isn’t enough low-cost and low medium-cost houses in the state for low-wage earners like us,” she said.

Another neighbour, who wished to be known only as Anna, 40, lamented that it was difficult to think about getting a new home when her family was already struggling with the rising cost of living.

“Of course, everyone would like to have their own property but how is it possible when property prices are soaring like there’s no tomorrow?” she said.

“The price of a small apartment is unimaginable to me,” she added.

The babysitter has been living in the same flat with her husband and three children aged 20, 18, and 12 for the past 14 years.

“My husband earns only around RM2,000 a month, and I about RM250,” said Anna.

“We have two schoolgoing children and their expenses along with other household expenses need to be taken care of month after month.

“We don’t even have enough left to save up for a home. Even a RM70,000 home is cutting it close for us and homes of such prices are not many,” she said.

Ban chang kuih (pancake) seller Ooi Beng Keat, 36, has been living at a small flat in Taman Free School for the past five years with his wife and their young son.

He said he hoped the state would build more affordable housing units which do not compromise on space and quality.

He said his wife had registered for a unit in an affordable housing project initiated by the state and PDC but had not received any news on the application status.

“I believe there is a long waiting list but we hope to get a RM72,000 low medium-cost home which will be much more spacious than our current unit,” said Ooi when met at his stall in Perak Lane.

Meanwhile, Opposition Leader Datuk Jahara Hamid said the state had raised a lot of hope that had not been delivered to the people.

“It’s not fair for the state to keep potential buyers who registered for affordable housing at bay for so long.

“In the meantime, people have to find other alternatives and there is not a good mix of low-cost homes and low medium-cost homes in Penang.

“The state government, through PDC, should intervene by providing all categories of housing,” she said when contacted.

Jahara said it was also time the state government “walked the talk” on the issue, adding that the state and the Federal Government should cooperate to build more homes to resolve housing woes.

State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo, when interviewed, said that as of June last year, there were 24,399 applications for low-cost (LC) housing units priced at RM42,000 and 23,582 applications for low medium-cost (LMC) units priced at RM72,500.

A total of 1,745 people registered for affordable housing units priced below RM200,000 and 569 had applied for affordable units priced below RM300,000. Affordable homes priced below RM400,000 drew 423 applications.

He said deserving applicants for the LC, LMC and affordable housing units would be chosen by the Selection Process Enhancement Committee which was set up in August 2013.

The committee comprised eight elected representatives including himself as chairman, Jagdeep added.

“In 2013, 1,788 applicants were selected while 5,503 more were selected as at September last year.

“Priority is given to deserving applicants such as the disabled, single mothers, those with health problems, flood victims, and those forced to move out due to development,” said Jagdeep.

He said the Penang government, together with PDC, had embarked on 12 LC, LMC and affordable housing projects which would see 22,545 units being built in all five districts in the state.

“On the island, the projects are in SP Chelliah, Teluk Kumbar, Jelutong, Pintasan Cecil and Sandilands.

“The projects coming up on the mainland are located in Bandar Cassia, Kampung Jawa, Ampang Jajar, Bukit Mertajam, Juru, Mak Mandin and Ujung Batu,” he said.

Source: StarProperty.my

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AFFORDABLE: Tanjung Tokong / Ideal Property Group

Tanjung Tokong/ 14 January 2015 17 comments

An upcoming affordable housing development by Ideal Property Group in Tanjung Tokong, Penang. The piece of land which was previously planned for a 988-units condominium project (i-Santorini @ Tanjung Pinang) is now being re-purposed for i-Condo affordable housing.

The new development plan comprises two parcels:

  • Parcel 1: 2 blocks of 48-storey residential towers (1,320 units) and 52 units of shop offices
  • Parcel 2: 1 block of 49-storey residential tower (835 units) and 16 units of shop offices

Both parcels come with 8-level multi-story carpark and all affordable units has a standard built-up area of 850 sq.ft.

READ MORE ABOUT AFFORDABLE HOUSING:


Property Project : (Pending)
Location : Tanjung Tokong, Penang
Property Type : Affordable housing & shop offices
Built-up Area: 850 sq.ft. 
Total Units :
 2,155
Land Tenure: Leasehold
Developer : Ideal Property Group

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