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Golden Gateway: The 4-in-1 Integrated Business Solution

April 4th, 2020 No comments

Being the new industrial hotspot of Penang, Batu Kawan is increasingly on the radar of the property investors owing to its well-planned infrastructure and future potential with several significant developments being planned. Located only 20 minutes away from Bayan Lepas Free Trade Zone and within a close proximity to the Penang Second Bridge, Batu Kawan is now the choice location for internationally renowned brands such as IKEA, Hotayi, Inari Technology, Honda, Western Digital, HP Malaysia, Boston Scientific, Flex and many more.

Golden Gateway, strategically located at the southeast of Batu Kawan, is only a 10 minutes’ walk distance from Batu Kawan Industrial Park via the new link bridge. Ready to occupy soon, the 54 units of freehold semi-D factories are conveniently accessible via Penang Second Bridge and North-South Expressway.

Being centrally located within several established industrial parks, making it a strategic choice of industrial property investment in Penang. Gateway 1 has the advantage of covering the traffic moving from island to the mainland while Gateway 2 makes delivery from mainland to island more cost-effective, enabling businesses to move up the value chain.

Golden Gateway, scheduled for completion in the fourth quarter of 2020, offers a 4-in-1 integrated business solution that accommodates the needs of light and medium industries. It features:

  • PRODUCTION space with a column-free 28ft triple-volume ceiling height and 18ft front-loading area catering to your seamless processing needs.
  • WAREHOUSE that provides sufficient storage space for your logistics and inventory requirements;
  • SHOWROOM with large glass windows and ample display space to ensure your items are well presented in the interior and visible from the exterior;
  • OFFICE space to create a proper environment for flexible and comfortable working experience.

Golden Gateway is set to be the hottest industrial investment in Batu Kawan.

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(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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Ferringhi Residence 2 – A Truly Captivating Home

April 3rd, 2020 No comments

Actual view from Ferringhi Residence 2 (FULL SCREEN)

Ferringhi Residence 2, a brainchild from one of the most prestigious developer Mah Sing, is indeed a luxurious home with breathtaking elevated sea views located at the most famous popular beach resort of Batu Ferringhi. With its strategic location of just a stone’s throw away to the heart of Georgetown and with the upcoming Penang LRT project, this freehold project will only ensure a seamless connectivity between your home to the inner city.

Nothing beats coming home to wholesome lifestyle facilities after long day at work. Relax by taking a dip in the infinity pool, rejuvenate in a spa or simply take a jog and work out in the breezy green surrounding. Make your way to the rooftop and catch sunrise and sunset with an ocean-view backdrop and breathe in the beauty of your surroundings.

Resort style condominium designed predominantly in a North-South direction. All units design will most living spaces having approximately 15 ft wide opening direct view towards outdoor.

Each unit is designed to have good natural ventilation and lighting. The living, dining and kitchen are layout in an open plan fashion to enhance spaciousness with a resort feel.

The unit layout is adapted for modern interiors that maximises visual link to the exterior. Soothing natural daylight and all the landscaped gardens that surround the units are brought into the homes with generous provisions of glazed windows.

Find out more about Ferringhi Residence 2

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RPGT should be zeroized till the end of the year

April 1st, 2020 4 comments

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The Real Property Gains Tax (RPGT) should be zeroized (as it was in 2007) till the end of the year to help boost the already soft real estate market in the country, said the Malaysian Institute of Estate Agents (MIEA).

This will help reduce losses of property sellers who are facing a demand from buyers to reduce prices in light of the economic downturn and the impact of the current COVID-19 pandemic, it said in a press statement today.

To help Malaysian property sellers, it also suggested that the collection of Sales and Services Tax (SST) for real estate transactions be placed in ‘abeyance’ until the end of the year to help sellers from having to incur additional costs.

For property buyers, it proposed that a transfer of 10% of funds from Account 1 of the Employees Provident Fund (EPF) into Account 2 to provide liquidity for the purchase of homes or assistance in repayment of loans after the moratorium of six months declared by Bank Negara.

It added that MIEA had in previously proposed for Interest Only Loans for the purchase of properties to be introduced. “Perhaps this would be the right time for this to be considered especially after the six months moratorium as a longer-term measure for first time house buyers,” it added.

Source: EdgeProp.my

 

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Property purchase made easy with Mah Sing’s Home Ownership Program

March 31st, 2020 No comments

Do not be despair during this Movement Control Order period as Mah Sing has put up a team to support all your enquiries via phone call. If you are scouting for a rewarding way to own a desire home, Mah Sing has the answer for you! Call 04-2913128 now!

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Check out the Latest Home Ownership Program which covers :

– Financial solution that you can trust from reputable panel bankers
– Property acquisition advisory from sales agents that you can choose the best suitable units
– Leasing assistance via agents’ after sales service thus you can easily find tenants
– Asset management service whereby you have the option of getting Elmwood to help you manage your home

Register your interest here

*Participating projects include M Vista and Ferringhi Residence 2.
*Terms and conditions apply.

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Real estate market hit hard by Covid-19

March 31st, 2020 No comments

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The coronavirus, or Covid-19, has brought the whole world to a standstill, and the property market is no exception with mounting pressure on the supply and demand.

Knight Frank Malaysia is expecting lower activity in leasing and investment in commercial office.

The firm’s executive director of corporate services Teh Young Khean said the Covid-19 pandemic and Movement Control Order (MCO) has forced companies to limit or halt physical operations, pushing them to work more flexibly and remotely.

He expects that both local and multinational companies may delay or put on hold their real estate decisions, resulting in a lower level of leasing activity.

“Business sentiment is at its lowest level, with many operations severely impacted by the outbreak. The sense of uncertainty will lead to slower demand as businesses and occupiers will likely continue to postpone major expansion or relocation decisions.

“In the immediate term preceding the lifting of the current MCO, co-working or flexible space may be less popular as there will be reduced desire for clients or members to congregate and interact face to face in one location. Revenue derived from memberships fees and events may be affected during this period although e-events will continue to progress,” he said.

Nevertheless, Teh said that once confidence has been restored with businesses back to work, as usual, co-working or flexible space may be a good option for new occupier(s) and those looking to expand to navigate in the near term before committing to a longer-term plan.

Retail segment heading downward

In the retail segment, rents will come under further pressure due to the enforcement of the Movement Control Order (MCO) until 14 April 2020.

The covid-19 pandemic is sending the country’s economy reeling. All industries have been hit and those which have been hit the hardest are hospitality, tourism and aviation-related segments, evident by cancellations of flights, tour packages and hotel bookings following international travel restrictions and lock down of countries.

The escalating number of infected cases has led to Malaysia being placed under the MCO until 14 April 2020.

Knight Frank Malaysia associate director of retail consultancy & leasing, Ben Ooi said Malaysian retailers, especially those located at tourist zones, have been experiencing sales decline at their outlets at the onset of the Covid-19 outbreak.

Ooi said after the MCO, occupancy of malls will be under pressure as some retail outlets may be forced to close due to the strain on their cash flow and unsustainable businesses.

“With the rakyat staying at home during the current extended MCO, retail and entertainment outlets with the exception of those providing essential goods or services, have no sales as they are not allowed to operate,” he said.

The good news is that landlords are stepping up during the MCO to assist retailers by introducing relief measures, for example, rent-free package for non F&B related retailers and rental rebates.

Commercial investment to be under pressure

During economic instability, real estate transaction volumes typically moderate, this is according to Knight Frank Malaysia executive director of capital markets, James Buckley.

Buckley said that the profit recycling process could be interrupted by the effect of the Covid-19 outbreak, as institutional investors move more cautiously during uncertain times.

“With the reduced leasing and investment activity, commercial office and retail rents will be further under-pressure. In the short term, investment transactions will be limited as viewings are not happening,” he said.

Buckley said that in comparison to other cities, feedback the firm often receives from overseas investors is that real estate asking prices do not reflect the actual value given the country’s perceived risk profile and higher returns can be achieved elsewhere.

He said there will be a large gap in the expectation between sellers and buyers, and yields are bound to increase as values come under pressure.

“Genuine, motivated sellers will consider reducing their price, pushing yields higher. Domestic investors should also consider the benefit of investing some of their capital in overseas real estate markets which will provide diversification in real estate returns and currency,” said Buckley.

Disruptions in residential transaction

Knight Frank Malaysia managing director Sarkunan Subramaniam said that in light of the current MCO, there are disruptions to the property transaction process, including difficulties in conducting property viewings and title searches, among others.

As both buyers and sellers have become more vigilant amid the outbreak, a wait and see approach is prevalent as people will try to avoid showrooms and sales galleries during this critical period, he said.

Subramaniam also foresees an increase in non-performing loans that will conclusively lead to more auctions in the market, with the potential of more job layoffs due to the challenging business environment.

However, he believes that the central bank’s announcement on the automatic moratorium on loan repayments for small and medium enterprises (SMEs) and individuals to relieve the burden on businesses and households affected by the Covid-19 outbreak may help to cushion the impact in the short term.

Source: NST Online

 

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