Aston Vista, a 34-storey residential development by Alor Vista Development Sdn. Bhd. in Bukit Mertajam, Penang. This project comprises 284 condo units with built-up area ranging from 1,314 sq.ft – 2,422 sq.ft. Each unit comes with 2 covered car parking lots.

A wide range of amenities and facilities including hypermarket, shopping mall, schools, wet markets, banks, hotel and restaurants are only within a short drive away.

It’s facilities includes:

• 24-hour security
• Infinity pool
• Wading pool with water slide
• Indoor & ourdoor gym
• Children’s playground
• Reflexology path
• Recreation and landscaped area
• Meditation / Yoga area
• Community hall
• Sauna
• and etc.

i-Santorini, an 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 is now being re-purposed for 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:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Property Project : i-Santorini
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

Location Map:

“I have written a letter to state police chief Senior Deputy Comm Datuk Wira Abdul Rahim Hanafi to look into the matter.” – Jagdeep Singh Deo

Housebuyers here need to be more cautious not to fall victim to a syndicate which is going around securing payments for units at an affordable housing project developed by the state.

Penang Town, Country and Housing Committee chairman Jagdeep Singh Deo said there were claims that the syndicate was promising and guaranteeing affordable units at a project in Tanjung Tokong.

He said the developer’s company which was developing the project at the site had received several complaints from the public that there were members of a suspected syndicate going around promising affordable units at the project by taking a payment of between RM10,000 and RM30,000.

Speaking after launching a corporate social responsibility programme by KDU College Penang at Cheshire Home here on Friday, Jagdeep said the developer had lodged a police report about the matter on July 22.

He said he had also written a letter to state police chief Senior Deputy Comm Datuk Wira Abdul Rahim Hanafi to look into the matter.

“I have received a reply from his office dated July 25 that they received my letter and the matter was under investigation.

“I hope the problem can be resolved as soon as possible,” he said.

Jagdeep assured the public that the state government’s low-cost and affordable housing units could not be secured by any agent or syndicate.

“The public must apply directly to the state and the application will be processed before they receive an approval letter from the developer if they are eligible for the units,” he said.

He added that the concerned project in Tanjung Tokong has 390 units of low mediumcost apartments and 859 units of affordable condominiums located on a 4ha site.

Jagdeep said that about 50,000 applicants had applied for affordable housing units in the five districts and the selection by the Selection Process Enhancement Committee (SPEC) would soon take place.

“The housing units will go to those truly deserving.

“So, I hope the public will be aware and not fall prey to such syndicates,” he urged.

Source: StarProperty.my

TF 39, an upcoming commercial development by TF Land in Machang Bubok. It is located along Jalan Machang Bubok, comprises 39 units of 2-storey shop offices with double volume ceiling height and column-free interiors. The typical units has a built-up area of 2,260 sq.ft.

Property Name: TF 39
Location : Machang Bubok, Penang
Property Type : Shop Offices
Total Units: 39
Built-up Area: 2,260 sq.ft.
Lot Size: 20′ x 60′
Developer : TF Land

Malaysian Resources Corporation Berhad (MRCB) has entered into a share sales agreement with Pelaburan Hartanah Berhad (PHB) to acquire the latter’s 51% equity interest in a joint venture firm.

The firm, Penang Sentral Sdn Bhd, was set up to implement the Penang Sentral project.

Under the recent agreement, PHB agreed to sell its stake in Penang Sentral Sdn Bhd to MRCB for a total consideration of RM50.75 million.

With the agreement, Penang Sentral Sdn Bhd will become a wholly owned subsidiary of MRCB.

MRCB Group managing director Tan Sri Mohamad Salim Fateh Din said in a statement that this initiative would give the Penang Sentral project a boost.

“It will help us come up with a definite timeline and completion period,” he said.

Source: StarProperty.my