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UPCOMING: Tanjung Bungah / Doublecloud Sdn. Bhd.

December 13th, 2019 No comments

proposed-development-by-doublecloud

A newly proposed serviced residence development by Doublecloud Sdn. Bhd. at Tanjung Bungah. It is strategically located and fronting Jalan Tanjung Bungah, diagonally opposites One Tanjung luxury condominium. Just a short walk to Tanjung Bungah beach.

This development will see the demolition of the existing petrol station, for the construction of a 20-storey commercial tower featuring 112 serviced suites. There will be 5-level multi-storey carpark and commercial lots.

The project is still pending for approval. More details will be available upon official launch.

Project Name : (to be confirmed)
Location : Tanjung Bungah
Property Type : Serviced residence
Built-up Size: (to be confirmed)
Total Unit: 112
Indicative Price : (to be confirmed)
Developer : Doublecloud Sdn. Bhd.

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(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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Sea and hill-view urban resort condo from RM590K

December 12th, 2019 No comments

Runnymede is making last call for HOC campaign! Call now to know the additional discount and rebates!

runnymede-HOC-lastcall

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(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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Penang Structure Plan 2030 gazetted, including 3 new islands

December 12th, 2019 1 comment
PSP 2030 (Draft)

PSP 2030 (Draft)

Penang Chief Minister Chow Kon Yeow yesterday announced the approval of the 2030 Penang Structure Plan (RSN), which outlines development strategies and policies for the state from 2020 to 2030.

Chow said the RSN, which had taken into account public views and objections over the past year, was now legally binding. He said the RSN was gazetted on Oct 24, after the state executive council had approved it.

The RSN includes the Penang South Islands project and reclamation projects in Seri Tanjung Pinang, Gurney Drive and the Queensbay area.

At a press conference here, Chow said the RSN could be reviewed every five years to take into account market demands and other factors.

He said local plans —which dictate what can or cannot be built in a particular area — would be ready next year.

At the same press conference, state Town and Country Planning Committee chairman Jagdeep Singh Deo said there would be two local plans (RT) — one for Penang Island and the other for Seberang Perai.

He said the RT for Seberang Perai was expected to be rolled out by June 2020 while the island plan would be out by Dec 2020.

Asked why the RTs had been delayed, Chow said the plans typically followed the RSN as it was the main development master plan.

He said since a new RSN was being released, all local plans must follow strategies laid out under this RSN.

Asked if Penang had ever had a local plan, Chow replied in the negative, saying it never had one in place. “There has never been a local plan,” he said.

On a proposal by a private developer to reclaim an island near Batu Ferringhi, he said there was no final word yet and it remained a proposal.

The RSN is the result of a federal law which requires all states to come up with a structure plan which would essentially lay out the spatial plans for the state.

It outlines the development plans for the state over the next 10 years and, among other things, will affect density and where homes can be built.

It can be reviewed once every five years. The last RSN was gazetted on June 28, 2007 and is still in use today.

Source: Free Malaysia Today

 

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Iconic Regency – Where Convenience Meets Luxury

December 11th, 2019 No comments

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Iconic Regency is a freehold development nestled within the established commercial district and residential neighbourhoods for both local and expatriates in the middle of Sungai Nibong, Penang. Iconic Regency is linked to the Iconic Hotel – 4-star business class hotel and within walking distance of the proposed LRT Station. The 42-storey Iconic Regency features 268 units of fully furnished Residential Serviced Suites offers from studio to three bedroom apartments, a greater flexibility for residential and investment purposes.

Bespoke lifestyle is now becoming a reality by Iconic Regency. With a total of 268 units only, the low density exclusive Residential Serviced Suites come with 6 different layouts. Built-up area up to 850sqft and Dual Key Concept (1,200sqft) designed to suit a variety of lifestyles. The fully-furnished unit’s efforts have been spared to carefully design every space and rooms. All the fitting and finishing is selected with the utmost design to magnify the finest characteristic of its personal space.

 

Facilities Deck @ Level 42, Rooftop and Level 13

Staying up high in Penang isn’t hard but the challenge of pampering yourself swimming at the top is hard. The infinity pool of Iconic Regency comes with a panoramic view of Penang City and Penang Bridges. Tell apart from the rest, there are multiple possibilities to pass time with your loved one here at the sky-high BBQ pit, Children Playground, Gymnasium, Jacuzzi and many more awaits you at Iconic Regency. A perfect blend of relaxation and intimacy created just for your enjoyment both at the rooftop Level 42 & Level 13. Situated within the bustling areas of an employment hub, Iconic Regency awards fuss-free rental assurance that come with “Exclusive Maintenance Management Services”.

 

Strategic Location

Iconic Regency location offers the convenient access to Georgetown City within 13km via Tun Dr Lim Chong Eu Expressway. Also, the easy access to the main interstate bus terminal for traveller’s commuting into and out of the Penang Island to Butterworth. It is just minutes away by numerous of amenities:

• Queensbay Mall • Eastin Hotel • Bayan Lepas Free Trade Zone • Penang International Airport • Vistana Hotel • Tesco • E-Gate Commercial Centre • Sunshine Square Supermarket • Giant Hypermarket • Bukit Jambul Complex • University of Science Malaysia • Inti College • Subterranean Penang International Convention and Exhibition Centre (SPICE) • Bukit Jambul Country Club • Sungai Nibong Bus Terminal • Pantai Mutiara Hospital

In addition, Iconic Regency situated between the two proposed LRT stations by State Government; Pesta Station & Sg. Nibong Station which enhances the seamless connectivity to Penang International Airport & Georgetown City.

Invitation to Iconic Regency Launching & Christmas Party

Iconic Group cordially invites you to Iconic Regency Launching & Christmas Party on 14th & 15th December 2019 (Saturday & Sunday) from 10am to 6pm. During the Launching event, there will be special rebates with HOC discount & priority unit selections with pricing starting from RM400,000++ onwards. SPA ready for endorsement to meet HOC final call with booking fees of RM5,000 only!!

Kindly RSVP for Iconic Regency upcoming launching event with the contact below:

  •   04-643 1888
  • 012-739 7888
  • 012-739 7999

Iconic Regency show units open daily from 10am-6pm.

IconicRegency_Launching

 

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Quit rent increase will be minimal

December 11th, 2019 3 comments

The Penang government yesterday assured those living in apartments and stratified units that any increase in quit rent will be “very minimal” and based on rates already in place since 1994.

Chief Minister Chow Kon Yeow said the rates will also not change for the next 10 years – until 2029, when they are due for an adjustment.

Chow said strata title owners will not have to worry about having to pay much more under the new parcel quit rent system, which came into effect this year.

He said those paying RM10 in quit rent now will probably have to pay around RM20 to RM30 in parcel quit rent.

Chow said the new system will take into account the floor space, as opposed to the entire plot of land where the building is situated.

He said balconies and car parks will be given 50% off, while common areas such as swimming pools or other utilities will not be charged.

“This is a minor increase. There is not much revenue to be made from land taxes. The new parcel quit rent system will resolve many issues,” he told reporters at Komtar today.

Chow said that under the new system, authorities are expected to collect RM11.1 million compared to about RM5 million previously.

He said the state has collected RM1.5 million so far under the new system and will not charge a RM50 late payment penalty for those settling their dues by May 31 next year.

There are 227,874 units with strata titles in 1,836 housing schemes in the state.

Since Jan 1, Penang had migrated from the old quit rent system to the parcel quit rent system for stratified properties.

The system follows the requirement of a federal law concerning stratified properties and will help to prevent mismanagement and overcharging of quit rent by joint management bodies (JMBs) and management corporations (MCs).

Under the old system, the quit rent was calculated based on the size of the mother title or main lot, and the burden of paying quit rent was shared among the occupants of the entire apartment block.

The quit rent was calculated by the respective JMBs and MCs and payable directly to them. It was included in the owners’ maintenance fees.

Under the parcel quit rent system, each owner pays directly to the respective district land offices.

There had been concerns that the rates will be much higher as they will be calculated based on each unit’s floor space, compared to the burden-sharing system earlier on.

Source: Free Malaysia Today

 

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