Land in Teluk Kumbar / Gertak Sanggul Wanted

Attention Sellers of Land in Teluk Kumbar / Gertak Sanggul, Penang! You must contact us if you see this. Top price & Quick deals for your land in Teluk Kumbar / Gertak Sanggul, Daerah Barat Daya, Penang. Motivated buyers are awaiting. Don't miss this golden opportunity!

Firstly thank you for visiting our blog of Penang Real Estate. We are very pleasure to be of service to assist you in selling your land in Teluk Kumbar / Gertak Sanggul, Daerah Barat Daya, Penang. 

In fact, you have nothing to lose but more to gain to contact us to further discuss on the sale of your land in Teluk Kumbar / Gertak Sanggul, Daerah Barat Daya, Penang.  You might get your land SOLD now and at the top price.

We are delighted to announce that we have ready buyers looking to own a piece of  land of in Teluk Kumbar / Gertak Sanggul, Daerah Barat Daya, Penang, therefore if you are contemplating a move or know of someone who is, please contact us by clicking here. 

For your kind information, the potential buyers are serious and willing to consider your land subject to the right location, size and price. There is no obligation but we, Penang Real Estate, shall provide the best possible services to you.

Again, we welcome all keen sellers to contact us to further discuss on the sale of your land in Teluk Kumbar / Gertak Sanggul, Daerah Barat Daya, Penang. Act now! Opportunity to get your land in Teluk Kumbar / Gertak Sanggul, Daerah Barat Daya, Penang SOLD now at top price.

Behind every successful sale is a Professional Realtor!

We are pleasure to be of service!

Don't wait, contact us immediately if you would ever like your land SOLD instead of JUST LISTED. We have a proven marketing programs for getting your land sold. Contact us, Penang Real Estate by clicking here. 

Thank you for your support in advance.

For the list of Property Wanted, please click here.

For the list of Land Wanted, please click here.

If you would like a FREE *Market Analysis on the property, please contact us by clicking here. 
There is no obligation.

We make it our business to know you better to serve you to your full satisfaction. Welcome abroad.

5 Acres of Land in Balik Pulau Wanted

Attention Sellers of Land in Balik Pulau, Penang! You must contact us if you see this. Top price & Quick deals for your land in Balik Pulau, Daerah Barat Daya, Penang. Motivated buyers are awaiting. Don't miss this golden opportunity!

Firstly thank you for visiting our blog of Penang Real Estate. We are very pleasure to be of service to assist you in selling your land in Balik Pulau, Daerah Barat Daya, Penang. 

In fact, you have nothing to lose but more to gain to contact us to further discuss on the sale of your land in Balik Pulau, Daerah Barat Daya, Penang.  You might get your land SOLD now and at the top price.

We are delighted to announce that we have ready buyers looking to own a piece of  land of in Balik Pulau, Daerah Barat Daya, Penang, therefore if you are contemplating a move or know of someone who is, please contact us by clicking here. 

For your kind information, the potential buyers are serious and willing to consider your land subject to the right location, size and price. There is no obligation but we, Penang Real Estate, shall provide the best possible services to you.

Again, we welcome all keen sellers to contact us to further discuss on the sale of your land in Balik Pulau, Daerah Barat Daya, Penang. Act now! Opportunity to get your land in Balik Pulau, Daerah Barat Daya, Penang SOLD now at top price.

Behind every successful sale is a Professional Realtor!

We are pleasure to be of service!

Don't wait, contact us immediately if you would ever like your land SOLD instead of JUST LISTED. We have a proven marketing programs for getting your land sold. Contact us, Penang Real Estate by clicking here. 

Thank you for your support in advance.

For the list of Property Wanted, please click here.

For the list of Land Wanted, please click here.

If you would like a FREE *Market Analysis on the property, please contact us by clicking here. 
There is no obligation.

We make it our business to know you better to serve you to your full satisfaction. Welcome abroad.

New image for the mainland

Exploring tourism potentials: Maimunah showing the Seberang Prai Heritage Map and Tourist Map..

WHEN Datuk Maimunah Mohd Sharif became Seberang Prai Municipal Council president in 2011, she found Butterworth to be a dead town by night.

Fresh from her earlier position as George Town World Heritage Incorporated (GTWHI) general manager, where she joined a team to seek for George Town’s listing as a Unesco World Heritage Site, and as a town planner for 25 years, she felt the call to do something for Butterworth.

So, she embarked on a study within the council called, Butterworth New Image (Imej Baru Butterworth or IBB), to explore the possibilities of making the town more vibrant.

“I gathered a small group of young council officers from different departments including our Heritage Unit and formed a Tourism Task Force to initiate a research on Seberang Prai.

“Last year, they came up with a Seberang Prai Tourist Map which included some lesser-known landmarks, places of worship and cottage industries. 

“Earlier this year, the task force came up with a second edition tourist map which has separate booklets for the three districts on the mainland.

“And, they also came up with a Seberang Prai Heritage Map in July this year,” she said.

Maimunah said at the same time, the council had held talks with Think City Sdn Bhd since 2012 on how best to take the IBB programme further.

She said Think City had engaged a consultant, AJM Planning and Urban Design Group Sdn Bhd (APUDG) from Kuala Lumpur to be part of the Butterworth New Image programme.

“We are also working together with the City of Yokohama, Japan, under our friendship city ties. Yokohama is very good in urban design and we hope to learn from their success story for Butterworth.

“We have the guidelines but do not have the ability to translate the guidelines into a workable design. In return, they would like to learn more about our heritage,” she said.

Think City Butterworth programme director Murali Ram said the Butterworth Outer Ring Road has the best coastal view of Penang island.

He said buildings along that breezy stretch, including part of Jalan Pantai, had great tourism potential as the scenic waterfront view could boost the economy in the area.

“Imagine sipping a nice cup of coffee or tucking in authentic meals at fancy restaurants while chatting with friends or loved ones from the Butterworth coast. It will be awesome,” he said.

Murali said Butterworth had been left in a state of neglect in the past two decades especially after many of the government offices, including the MPSP headquarters moved out to townships such as Seberang Jaya, Bandar Perda in Bukit Mertajam and Bertam in Kepala Batas.

“We would like to guide property owners in this area to see how best they can better utilise their commercial space by knowing some history and cultural background of their buildings and surrounding area,” he said.

Apart from cafes and eateries, Murali said, some of the buildings there could be turned into art galleries, music halls, sports centres and homestay facilities, besides becoming tourist destinations because of their heritage value.

“At present, we see part of Jalan Bagan Luar and Jalan Telaga Air fast turning into a Little India, which is a good thing. Jalan Raja Uda is already a thriving Chinatown. We hope some of the wakaf area in Jalan Telaga Air can be turned into a commercial area for the Malays,” he said.

He said a locomotive museum could be set up at the Butterworth Railway station, while Penang Port Commission could come up with a maritime museum in one of its unused ferries.

“Looking further, we can even have short rail tours for tourists to travel between the Malaysia Smelting Corporation in Butterworth town across the Prai River to the Malayan Sugar Manufacturing Co Bhd (MSM), which produces the famous Prai Sugar in old Prai town.

“We can also organise tours to the well-known Khong Guan biscuit factory in Jalan Siram and to the various places of worship in the vicinity,” he said.

Murali said Think City would soon open a branch office in Butterworth.

Meanwhile, the Penang Heritage Trust (PHT) is looking for those who have stories to share about Butterworth and other parts of the mainland.

PHT, in collaboration with MPSP, is in the midst of recording oral stories from the community to tap on the living heritage of the mainland.

PHT president Khoo Salma Nasution said the Seberang Prai Story colloquium, which was recently launched, was aimed at looking at the social history of the mainland.

“It can be a very local story, and that is okay. Even if the speaker cannot present 20 minutes, 10 minutes will be fine.

“They can be from any background and speak in any language. It does not have to be academic, but the speaker should have at least interviewed people, collected some information or written about something,” she said, adding that PHT might soon have a few chapters. - The Star

Big plans for Butterworth

Abdullah pointing at the 40-year-old Harfa Book Store in Lorong Bagan Luar 3.

PLANS are afoot to bring life back to sleepy Butterworth town, a once thriving commercial area in the 70s and 80s.

Think City Sdn Bhd, an urban regeneration agency operating in George Town, sees great potential in assisting the Seberang Prai Municipal Council (MPSP) to revive some of the old trades and activities in this town to make it vibrant.

Murali Ram, the company’s programme director for Butterworth, said the old town of Butterworth was set to boom with the completion of the Ipoh-Butterworth stretch of the electrified double track project (EDTP) by next April.

He said Butterworth would rise as the next metropolitan city, especially after the Federal Government’s RM2.7bil Penang Sentral transport hub project (between Bagan Dalam and Bagan Luar) was completed.

“But, we do not want the transport hub sitting in a dead town. Hence, we wish to help steer Butterworth’s fortunes forward.

“It may take us 10 years to get there but we want to take baby steps from now,” he said.

Murali said Think City, a subsidiary of Khazanah Nasional Berhad, had identified three linked roads – Jalan Bagan Luar, Jalan Jeti Lama and Jalan Telaga Air — as the core area for the revival programme.

 

[ A Little India is fast coming up in the area. A florist is preparing garlands in Jalan Jeti Lama.]

Among the historical sites on those streets are the Old Jetty Road market, Sri Maha Mariamman Temple, ancient well in Jalan Telaga Air, St Mark’s Church in Jalan St Mark, old Butterworth Hospital, Butterworth post office, Butterworth police station, former MPSP headquarters, Padang Bandaran and several commercial shop units.

“We believe the council has set aside about RM12mil to upgrade walkways, plant more trees, improve street lighting, add more landscaping and other infrastructure here.

“Think City has also obtained a RM2mil grant via Yayasan Hasanah, the CSR arm of Khazanah, to assist owners of premises in this area who are keen on being part of this effort to see how they can reutilise their buildings,” he said.

 

[ Murali says Think City has a RM2mil grant to help building owners reutilise their premises.]

For a start, Murali said, a community engagement programme would be held soon to create awareness as well as to get feedback from the locals in the area.

“We want to hear from the people on what they need and would like to see in old Butterworth town. Our grant project will be launched on Dec 15.” 

MPSP president Datuk Maimunah Mohd Sharif said George Town was successfully revived as a living heritage city despite seeing an impact of the Rent Control Act repeal in 1997, Butterworth too had the potential of being restored of its cultural and economic vibrancy.

“Who knows one day Seberang Prai can also find its way to Unesco’s World Heritage List.

“Seberang Prai has a long historical timeline to the human civilisation with the discovery of human skeletals of 5,000 years old in Guar Kepah as documented by Assoc Prof Mokhtar Saidin from Universiti Sains Malaysia,” she said.

Maimunah said more studies needed to be done on the untapped heritage of Seberang Prai, adding that systematic documentation was required to compile the history of the mainland, once known as Province Wellesley. - The Star

Gamuda shares up on Kuala Langat land deal

KUALA LUMPUR: Shares of Gamuda rose at mid-morning on Tuesday after the group bought a RM392mil worth of land in Kuala Langat, Selangor.

At 10am, its shares rose 15 sen to RM5.15 with 323,100 shares done between RM4.87 and RM5.15.

The FBM KLCI was up 8.03 points to 1,786.30. Turnover was 465.9 million shares valued at RM277.38mil. There were 365 gainers, 156 decliners and 206 counters unchanged.

The company announced that its unit, Setara Hati Sdn Bhd, had entered into a sale and purchase agreement with Bukit Melati Sdn Bhd to acquire the 257-acre land with prospects for a mixed property development project.

In a filing with Bursa Malaysia on Monday, Gamuda said the acquisition enabled it to establish its position in the property development scene and increase its investment portfolio to provide long-term earnings growth.

Meanwhile, RHB Research has kept its Buy call on the stock with a target price of RM5.61, adding that Gamuda is also the best proxy to the buoyant construction sector in Malaysia given its dominant role in the RM73bil Klang Valley MRT project. - The Star

Penang developers plan RM4.7bil worth of affordable houses

Artist's impression of Ivory's mixed-development project in Tanjung Tokong.

GEORGE TOWN: The Penang property scene, which has seen prices soaring to new levels in the last two years, will see new affordable properties with a gross development value (GDV) of RM4.7bil entering the market in prime locations over the next three years.

Besides the pricing, which ranges between RM300,000 and RM650,000 depending on location, other attractions of these properties are their size, which ranges between 850 sq ft and 1,000 sq ft, and the facilities provided.

Raine & Horne director Michael Geh said the pricing was in response to the slower pace of property market impacted by the high rejection rate of housing loans.

Developers planning such new properties include Eastern & Oriental Bhd (E&O), Boon Siew Group (BSG), Tambun Indah Land Bhd and Ideal Property Group, which owns Ideal United Bintang Bhd and Ideal Sun City Bhd.

Ideal accounts for about 68% or RM3.2bil GDV of such projects that are slated for launch next year. The projects of the other three developers make up the remaining GDV.

Ideal is developing 6,508 condominium units in different locations over the next three years.

There are two categories – those priced between RM300,000 and RM400,000 and those priced at RM450,000, according to executive chairman Datuk Alex Ooi.

Condominium projects are currently priced at RM550 per sq ft onwards in Bayan Baru and Bayan Lepas, and RM1,300 per sq ft onwards for those in Gurney Drive and Tanjung Tokong.

Ooi said the attractive pricing would ensure that quality homes with decent built-up areas and facilities in prime and strategic areas fell within the disposable income range of house buyers.

“In Tanjung Tokong, we plan to launch, on a 9.9-acre leasehold site, 900 sq ft condominiums priced at RM450,000 in 2015 or 2016.

“We provide facilities such as pools, indoor and outdoor gymnasiums, a rest pavilion, a dining pavilion, a barbecue corner, a jogging track and a reflexology path,” he said.

New condominiums in the Tanjung Tokong area are priced between RM700 and RM1,300 per sq ft. 

Ideal’s other projects are in Bayan Lepas, Sungai Ara and Balik Pulau.

Ooi said the group would kick off with the One Foresta project in Bayan Lepas next year.

“Subsequently, we will launch two more projects, in Bayan Lepas and Balik Pulau, over the next three years.

“The condominiums are priced between RM300,000 and RM400,000 and are equipped with a wide range of facilities.

“The units have built-up areas of 900 sq ft and 1,000 sq ft,” he said.

In Seri Tanjung Pinang in Tanjung Tokong, E&O is registering interested buyers for its Tamarind high-rise project, aimed at young professionals.

Located within the Seri Tanjung Pinang development, it is learnt that the Tamarind project will be competitively priced.

Each of the 1,042 sq ft units will have three bedrooms and two bathrooms. E&O’s condominium projects in Seri Tanjung Pinang are currently priced at RM1,100 to RM1,300 per sq ft.

BSG plans to launch 1,000 condominium units with 850 sq ft built-up in Tanjung Bungah in mid-2015.

The indicative pricing per unit is below RM400 per sq ft, according to a BSG spokesperson.

In Seberang Prai, Tambun Indah will launch 1,106 units of landed and high-rise properties with a GDV of RM469.6mil in its Pearl City mixed-development scheme next year. 

The residential properties comprise double-storey terrace, townhouse, double-storey semi-detached and bungalow units.

Tambun Indah executive director Teh Theng Theng said that to ensure the properties were within reach of house buyers, the pricing would be lower than that of a similar range of properties in the other strategic locations of Seberang Prai.

Ivory Properties Group Bhd executive chairman Datuk Low Eng Hock said the group was now working towards providing affordable homes to cater to young adults and newly-wed couples by providing smaller units to suit their budget. 

“Currently, we are in the planning stage of offering such units in the Batu Ferringhi area. 

“Our current projects such as The Wave and Penang WorldCity are still affordably priced from RM700 and RM800 per sq ft onwards, respectively,” Low added. - The Star

Dip in Penang residential property transactions

However, Real Estate & Housing Developers Association (Penang) chairman Datuk Jerry Chan (filepic) said the Napic figures were not reflective of the current decline in primary and secondary market sales. 

GEORGE TOWN: The number of residential property transactions in Penang dipped slightly to 9,023 in the first half of this year from 9,217 in the second half of last year, according to statistics from the National Property Information Centre (Napic).

The report shows the value of transactions declined slightly to RM3.76bil from RM3.84bil during the period.

For the overall property transactions, Napic recorded 12,929 transactions for all ranges of properties valued at RM7.21bil in the first half of this year, up by 12.9% in volume and 28.3% in value against the previous corresponding period.

According to the report, the residential sub-sector remained the most dominant, with 69.8% of the total transactions, followed by agricultural (9.8%), commercial (9.6%), development land (9%), and industrial sub-sectors (1.8%).

However, Real Estate & Housing Developers Association (Penang) chairman Datuk Jerry Chan said the Napic figures were not reflective of the current decline in primary and secondary market sales.

“The Napic figures capture also the transfer of titles to owners in 2014.

“These figures include strata titles issued recently for sales concluded three to four years ago or even longer,” he said.

According to Chan, there is at least a 30% decline in property transactions so far this year, compared with the same period last year. “Moving ahead, we can expect to see little or no appreciation for high-end condominiums.

“The mid-range high-rise properties with price tags of RM400,000-RM500,000 are likely to see appreciation.

“We can also expect to see lower demand for landed residential properties priced between RM3.5mil and RM5mil,” he added.

Raine & Horne director Michael Geh said that over 70% of residential property transactions in Penang were in the secondary market.

“The subsale properties are priced between RM250,000 and RM800,000. Transactions in the primary market are less than 30%. The dip in subsale transactions and value is about 5%, which shows there is confidence in secondary sales.

“Difficulty in obtaining bank loans has also reduced sales in the secondary market,” Geh added.