Skyview Piazza is well placed to attract quality customers from the immediate vicinity. With all its units located on the ground floor, it offers a huge captive market of the residents from its base of Skyview Residence and other surrounding ones too, making it a sure choice for retail business. Designed with carefully planned layouts, Skyview Piazza is, without doubt, dedicated to the lifestyle activities of the entire family, all year around.

Property Name: Skyview Piazza
Location : Perak Road, Jelutong, Penang
Property Type : Mixed development
Total Units: 6
Land Tenure : Freehold
Developer : Gema Intan Sdn. Bhd.

KUALA LUMPUR: Penang-based Ivory Properties Group Bhd will start work on phases three to five of its Penang Times Square project, which includes a five-star hotel, by year-end.

Group chief executive officer Datuk Low Eng Hock said the three phases would cover 1.5 million sq ft, including a five-star hotel.

In a statement issued after its AGM in Penang, Low said these phases would comprise small-office-home-office (Soho) units, a shopping mall, a hotel with 300 en-suite rooms, exclusive suites and a stand-alone cineplex.

As for the mall, Ivory Properties is to be the sole owner and plans are underway to attract international retailers to fill up 500,000 sq ft of the mall area.

“There will also be a double-storey basement car park to accommodate high traffic flow during the peak season,” he said.

Source: StarProperty.my

Nadayu Properties Bhd aims to launch three projects worth over RM800 million in the Klang Valley and Penang within six to 10 months to grow the group and build its brand.

The developer will be launching Nadayu 99 in Cyberjaya, Superlinks@Nadayu Melawati in Ampang and Nadayu 290, Bukit Gambir in Penang.

Nadayu 99 comprises 13 units of three-storey shoplots and 132 units of superlink houses, while Nadayu Melawati comprises 46 units of superlink houses.

Nadayu 290, meanwhile, features 279 units of service apartments and hotel.

These projects worth a combined RM851.5 million, its chief executive officer Mohd Farid Nawawi said.

The company also has on-going projects worth about RM1 billion, which are being launched in phases.

This year, the company expects its property sales to hit RM300 million this year, led by its latest launches in the Klang Valley.

Farid said the targeted sales will be driven by its on-going property projects, namely Nadayu Melawati, Nadayu 92 in Kajang and Nadayu 28 in Bandar Sunway.

“The take up rate for the three projects is looking healthy at the moment and we are upbeat on the market,” he told reporters at the company’s shareholders meeting here yesterday.

Also present was its chairman, Hamidon Abdullah.

Hamidon said Nadayu has about RM250 million in unbilled sales, which will be recognised for the next one year.

“We will look at all opportunities to grow the business and also look for more strategic land banks for future development,” he said.

He added that Nadayu brand is becoming acceptable, where people are starting to identify the name and associate it with the level of quality and delivery.

Currently, the company has a land size of 334.67 ha, mainly in the Klang Valley and Penang, worth about RM5.9 billion.

Commenting on the second quarter performance, Hamidon said that the company is expecting to do better than the first quarter.

Source: Business Times

Skyview Avenue, strategically situated in the heart of Jelutong along Jalan Perak, it is ideal for anchoring all kind of corporate offices and retail outlets. Designed for convenience, the exciting variety of eating outlets and retail mix reflects the lifestyle demands of the young trend-setters, makes it one of Penang’s perfect meeting places for the style conscious to organize social get-together, as it is easily accessible from all parts of the city

Highlights:

• high ceiling features for better air ventilation
• frontage layout and design catered for al fresco dining
• adds a casual, lively, party-like and enjoyable dimension to dine in the fresh open air

GEORGE TOWN: Property developer, Tambun Indah Land Bhd, plans to spend RM100 million to RM200mil in capital expenditure (capex) this year to buy more land.

Managing Director Teh Kiak Seng said the group was actively scouting for land in Penang especially in Seberang Perai.

“We will spend to expand our landbank based on the opportunities that arise,” he said at its AGM on Wednesday.

Teh said the group planned to add about 200 acres to 300 acres of land to the current 562 acres of undeveloped land in Seberang Perai Selatan.

“We’re currently talking to a few landowners in Seberang Perai but so far nothing has been confirmed,” he said.

Teh also said the group had secured about 70 per cent take-up rate on its ongoing projects.

“We’re expecting our projects Taman Bukit Residence, Camellia Park and Seri Permai with a total gross development value of RM114 million to be completed by this year,” he said.

He said the group’s unbilled sale totalled RM425 million as at March and it is expected to contribute to the group’s earnings over the next two to three years.

Teh said the group was poised for better growth this year, driven by Penang’s booming property market.

He said the property market in Penang’s mainland is expected to grow, boosted by the completion of the Penang Second Bridge project.

“Following the skyrocketing property prices on Penang Island, many Penangites have opted to buy properties on the mainland, this has increased our property sales, especially our current projects in Seberang Perai Selatan,” he said.

Tambun Indah Land’s pre-tax profit rose 32.1 per cent to RM23.98 million in the first quarter ended March 31, 2013 from RM18.15 million in the same period last year.

Its revenue increased 18.7 per cent to RM78.32 miilion from RM65.99 million previously.

Teh said the revenue growth was mainly derived from newly launched projects Pearl Residence and Pearl Indah 3 on Penang’s mainland and Straits Garden on Penang island. – Bernama

Source: StarProperty.my