UPCOMING: Bukit Minyak / WHH Land

February 18th, 2018 No comments

upcoming-taraf-ria-sdn-bhd

A proposed commercial development by Taraf Ria Sdn. Bhd. (WHH Land) at Bukit Minyak. Strategically located along Jalan Bukit Minyak, adjacent to BM Permai housing scheme. It is only 500 meters away from AEON Big hypermarket, about 10 minutes drive to Penang bridge.

This development comprises a 15-storey commercial building, featuring 2-storey shop offices and a hotel with 180 rooms.

This project is still pending for approval, more details to be available upon official project launch.

Project Name: (to be confirmed)
Location : Bukit Minyak
Property Type : Commercial development
Tenure : Freehold
Total Units: 12 (shop office), 180 (hotel room)
Indicative Price: (to be confirmed)
Developer : Taraf Ria Sdn. Bhd. (WHH Land)

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

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Property Events & Promotion during Chinese New Year!

February 15th, 2018 Comments off

Wishing you a Happy and Prosperous Chinese New Year!

It has been a tradition for family and friends to visit open house during this festive season. However, it is always a challenge to know who are organizing the open house event especially when it’s from developers.

Worry no more! We have consolidated all these just for you and your family….to spend your Chinese New Year holiday to the fullest while enjoying the refreshment and of course to also search for your dream home :)

Paramount CNY Open House @ Utropolis

Paramount CNY Open House @ Utropolis

(18/2) A blossoming ambience beckons you to Utropolis Batu Kawan CNY Open House ...
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Berjaya CNY Open House 2018

Berjaya CNY Open House 2018

(18/2) Let's create an unforgettable Chinese New Year together at Berjaya Properties Galleries on 18 February 2018 ...
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Runnymede CNY 2018 Celebration

Runnymede CNY 2018 Celebration

(18/2) Celebrate this prosperous Chinese New Year with Runnymede Group at Batu Uban, Penang and enjoy Ang Pow up to ...
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WHH Land CNY Special Deal

WHH Land CNY Special Deal

(18/2 & 19/2) Show houses open for viewing. Check out WHH Land Chinese New Year special deals ...
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Botanica.CT CNY Showcase

Botanica.CT CNY Showcase

(18/2 - 25/2) Showcasing a township in a greenery environment at QBM from 18 to 25 Feb ...
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Asia Green CNY Special

Asia Green CNY Special

(19/2 - 2/3) Win "Chinese Mandarin Lucky Draw" up to RM88,000 discount voucher at Clover's Sales Gallery ...
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Mah Sing's Charm of CNY Contest

Mah Sing’s Charm of CNY Contest

(20/2 & 24/2) Welcome to Mah Sing Group's open house celebrations nationwide. Book now and enjoy special CNY incentives ...
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Win a Gold Bar

Win a Gold Bar

(20/2) Win a Gold Bar or a Gold Coin at Setia Fontaines Satellite Gallery @ SPICE Canopy ...
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Eco Horizon Heartsprings of Spring

Eco Horizon Heartsprings of Spring

(2/3) Celebrate the Spring Lantern Festival in the abundance of lights and love with your friends and family. Share a ...
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Celebrate CNY with Miichael Yeoh

Celebrate CNY with Miichael Yeoh

(3/3) How to make money through Property Investments in Penang ...
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UPCOMING: Perai / Sanbumi Development Sdn. Bhd.

February 14th, 2018 No comments

proposed-sanbumi-development-jalan-baru

Yet another proposed mixed development by Sanbumi Development Sdn. Bhd. at Perai. Strategically located along Jalan Baru, adjacent to MyDin Hypermarket. It is about 2km from the upcoming SOGO departmental stall, less than 10 minutes drive to Penang bridge. The land is current occupied by Hyundai Sales and Sevice centre.

This development will see the demolition of the existing 4-storey office building, and the construction of a 33-story serviced resdence, hotel and shoplots.

This project is still pending for approval, more details to be available upon official project launch.

Project Name: (to be confirmed)
Location : Jalan Baru, Perai
Property Type : Mixed development
Tenure : Freehold
Total Units: 250 (Serviced suites)
Indicative Price: (to be confirmed)
Developer : Sanbumi Development Sdn. Bhd.

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

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No much improvement in housing affordability despite soft property market

February 13th, 2018 No comments

penang-propertiesThere has not been much improvement in Malaysia’s housing affordability despite a slow and challenging property market with little growth in transactional activity from the downtrend that was seen since 2013, according to real estate consultancy firm Rahim & Co International Sdn Bhd.

Executive chairman Tan Sri Abdul Rahim Abdul Rahman said this is because while the number of transactions fell, the value did not drop much.

“This shows that prices have not gone down so much as opposed to the number of transactions. Although developers are under pressure to lower their prices but they can lower their prices so much only after taking into consideration cost of building,” he added.

Rahim & Co research director Sulaiman Akhmady Mohd Saheh said housing affordability is calculated as ratio of average house price to median annual household income, or the number of years of annual income needed to cover the cost of buying an average house.

“An average terraced house would cost Malaysians 5.3 years of their household income,” he told a media briefing at the Rahim & Co’s property market review 2017/2018 here yesterday.

According to its research Johor’s housing affordability rose to 3.9 years, from 3.7 a year ago despite transaction value falling in the state, while Selangor’s and Penang’s remained flat at 5.2 years and 6.9 years respectively.

Prospective home buyers in Sabah need the most number of years at 8.4, a slight improvement from 8.5 in 2016. Those in Kuala Lumpur saw a slight improvement in affordability with 6.8 years of household income in 2017, from 7.0 in 2016.

Sulaiman said 2014-2016 saw a slight improvement in housing affordability as the income level of households increased. However, in 2016-2017 income growth was at a slower pace compared to the growth in house prices.

“The government’s Economic Transformation Programme of moving from a middle income nation to a higher income nation is a big challenge currently,” said Sulaiman.

Rahim however opined that it was not all doom and gloom for 2018, explaining that the property market will be flat this year and not go into recession, with the impending elections expected to provide firmer direction for the nation, hence re-igniting the momentum in the property sector.

The high-end residential category remains flat with prices contracting 10% in the past 18 to 24 months, or 15%-20% lower than the original asking prices in the secondary market.

In the office sector, oversupply concerns continue to lurk as the Klang Valley’s supply reached 131 million sq ft. With incoming supply of 18-20 million sq ft estimated to enter the market in the next few years, continued pressure will be seen on the occupancy rate and effective rental rates.

In the retail category, a further 18.2 million sq ft is expected to become available over the next four years, adding further pressures on retail mall owners. As at 2017, there was 69.8 million sq ft of retail space in the Klang Valley with an average occupancy rate of 85.2%.

“The retail and office segment will see continued pressure, which makes developers more creative and accommodative to new tenancies,” said Sulaiman.

Source: TheSunDaily.my

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Penang International Airport to be upgraded

February 13th, 2018 2 comments

penang-international-airportConstruction of a seven-storey car park for the Penang International Airport is scheduled to start next month.

Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said the RM90mil project is expected to complete next year.

“The airport will undergo a RM700mil upgrading works, which will be carried out in several phases.

“Phase One will see RM30mil being spent on ways to optimise the current airport such as long queues at the immigration counter.

“There is also a possibility of building an outlet similar to the Mistui Outlet Park near Kuala Lumpur International Airport,” he said during a press conference at Boustead Tower in Jalan Sultan Ahmad Shah yesterday.

Zainal added that the airport expansion is in Phase Four, which is expected to finish in about four years.

“As of now it is still at the conceptual phase and the call for open tender will be done at the end of this year,” he added.

On another note, he said the RM498mil Seberang Jaya Hospital is expected to be completed by next year.

He said the Federal Government will fulfill its promise made in the 2018 Budget for the RM500mil construction of a specialist clinic, building of additional wards with 300 beds at the Penang Hospital and the construction of a new operation theatre at the Balik Pulau Hospital.

“By the end of the year the documents should be ready for open tender,” he said.

Zainal also highlighted that the Federal Government has carried out several initiatives to lessen the people’s burden with its current ‘Jualan Sentuhan Rakyat’ campaign, which is a flash sale of up to 30 basic essentials.

“A total of RM47,300 is subsidised for each programme. To date, eight of ‘Jualan Sentuhan Rakyat’ have been carried out in Penang,” he said, adding that the campaign will continue until June.

Source: TheStar.com.my

 

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