Jagdeep: I'm happy land has been bought for the PR1MA project.

THE Federal Government has bought 80.94ha of land in Teluk Bahang for the 1Malaysia People’s Housing Scheme (PR1MA), said Datuk Shah Headan Ayoob Hussain Shah (BN -Teluk Bahang).

He said he had checked with PR1MA Corporation Malaysia which confirmed that the land had been bought for the Federal Government’s initiative for affordable housing.

He said this is response to a question raised by Jagdeep Singh Deo (DAP – Dato Keramat) during the latter’s winding-up speech at the state assembly yesterday.

Jagdeep had asked how many of the 133,000 PR1MA units to be built nationwide would be built in Penang.

In response to Shah Headan’s reply, Jagdeep said he was happy to receive the news that a piece of land had been bought for the housing scheme.

“Hopefully by next month, I can get a positive reply that PR1MA will be carried out in Penang, where the project will be carried out and the timeline for the project.

“We will try to assist to expedite the project because this type of housing is important,” said Jagdeep who is the state Housing, Town and Planning Committee chairman.

In his winding-up speech earlier, Jagdeep had also said that applicants of low-cost, low medium-cost and affordable houses were facing difficulty in obtaining bank loans.

He said the rejection rate was 50%, adding those who were successful in obtaining the loans were slapped with high interest rates.

Jagdeep also said applicants for public housing units in Penang must be at least 21 years old and a voter in the state.

He said this was a new condition set by the Selection Process Enhancement Committee.

Source: StarProperty.my

Primero Garden, a gated and guarded development by Metro Jelata Group in Seberang Jaya, Penang. It is strategically located near AEON Big Hypermarket with easy access to North-South Highway and Butterworth/Kulim Expressway.

This development comprises 33 units of 3-storey bungalows with 2 design types to choose from.

Property Project : Primero Garden
Location : Taman Naluri Emas, Seberang Jaya, Penang
Property Type : 3-Storey Bungalow
Tenure : Freehold
Total Units : 33
Developer : Metro Jelata Group
Indicative Price : RM 2,000,000 onwards

CURRENT and future buyers of Botanica.CT Garden Township will continue to be surrounded by good fortune for the next 20 to 40 years, according to renowned feng shui consultant Datuk Joey Yap.

He made the remark when he arrived at the launch of Botanica.CT’s Botanica 4 show villas to give a talk on Sunday.

He also claimed that fortune was shifting to the southwest side of Penang island or Balik Pulau where the garden township was located.

MTT & Priority Group of Companies group general manager Jason Tan Khee Kwong said Yap was engaged to give a talk to potential homebuyers, adding that having mountains all around was good feng shui.

Meanwhile, the group’s executive chairman Datuk Dr Kenny Ong said response to the launch had been good with 10 people placing their bookings and many more making enquiries, adding that they hoped to sell at least half of the 29 units by the end of the year.

“Our next phase will be the commercial units.

“We hope to start building the pedestrian mall to be called Botanica Walk as soon as the building plan is approved.”

Botanica 4 will have 29 three-storey villas on a plateau with each having a built-up area of 6,000sq ft onwards and land area of 9,000sq ft to 16,000sq ft.

Each villa, priced from RM5.5mil and with seven exclusive designs to choose from, will have a swimming pool and a home elevator.

Botanica.CT has nine residential phases altogether. A heritage club house is due to open soon followed by the pedestrian mall, a medical centre, a health resort and a retirement resort.

There will be a two-day Botanica.CT roadshow from June 7 at Marina Bay Sands Hotel in Singapore from 10am to 7pm in conjunction with Property Guru’s Malaysia Property Showcase 2014.

The launching ceremony of the Botanica 4 show villas was also witnessed by Botanica.CT’s existing residents and potential buyers who were treated to lunch and a lion dance blessing ceremony.

Source: StarProperty.my

Permai 7, a small landed housing development located in Kota Permai, Bukit Mertajam. It is only a stone’s throw away from  SJK (C) Beng Teik, a short drive to the ever bustling Jalan Song Ban Kheng.

As the name implies, this development comprises 7 units of 3-storey terrace houses with spacious built-up area of 3,323 sq.ft. Each unit is design to  have a total of 4 huge big bedrooms in 1st and 2nd floor, and a guest room at ground floor.

Property Project : Permai 7
Location : Kota Permai, Bukit Mertajam
Property Type : 3-Storey Terrace
Built-up Area: 3,323 sq.ft.
Land Area: 20′ x 70′
Total Units: 7
Indicative Price: RM600,000 onwards
Tenure : Freehold
Developer : United Allied Construction Sdn. Bhd.
Contact No.:  012-420 3328

Location Map:

Group managing director Datuk Kenneth H’ng told StarBiz that the project, comprising 322 units of landed properties on 16 acres or about 35% of the 46-acre site, had been approved by the local authorities.

GUH Holdings Bhd is planning the initial launch of an RM238mil residential project in south Seberang Prai next year following the acquisition of a 46-acre land bank for RM69.68mil in Simpang Ampat.

Group managing director Datuk Kenneth H’ng told StarBiz that the project, comprising 322 units of landed properties on 16 acres or about 35% of the 46-acre site, had been approved by the local authorities.

“The purchase of the land came with the master plan for the project, which has been endorsed by the local authorities,” H’ng said after the company’s AGM, which saw the signing of the sale and purchase agreement for the said land bank.

The site was purchased from Million Crest Sdn Bhd by Notable Empire Sdn Bhd, a wholly owned subsidiary of GUH, for RM69.68mil cash. The acquisition is scheduled to be completed in July.

“We plan to launch the project in the first half of 2015. Based on today’s property prices, we can expect the project to generate about RM92mil to the group’s revenue over the next five years.

“With the launch of our maiden property project in Penang, we expect our property division to contribute over 20% to the group’s revenue next year compared with 15% in 2013,” H’ng added.

He said the group was optimistic about the project, as it is close to the second bridge and 2.5km from residential and commercial projects such as Bandar Tasek Mutiara, Pearl City, Taman Tambun Indah and Taman Simpang Ampat.

At present, the group still has 150 acres of undeveloped land bank in Taman Kepayang, Seremban. The group has so far developed about 350 acres of its land bank there.

On its water treatment business, H’ng said the group was presently tendering for about RM170mil of water projects in the country.

“The unbilled contracts for our water projects to date is RM40mil. We should know the status of the tenders by the end of 2014,” he added.

On its printed-circuit board (PCB) business, GUH has in hand some RM60mil worth of orders for double-sided and single-sided PCBs to be delivered by the end of the second quarter.

“The orders are coming from the home audio, car audio, television and refrigerator manufacturers,” H’ng said.

For its first quarter ended March 31, the group posted a pre-tax profit of RM8mil on the back of RM77mil in revenue, compared with RM7.8mil and RM62mil respectively achieved in the previous corresponding period.

Source: StarProperty.my