Friday, 23 May 2014

Villa Emas Wanted Urgently

We are delighted to announce that we have ready buyers looking to own a unit at Villa Emas Condominium, Sungai Nibong, Penang, therefore if you wish to sell yours or know of someone who is, please contact us by clicking here.

The potential buyer is a motivated buyer so you may get your 
Villa Emas Condominium SOLD soon.

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 Villa Emas Condominium  SOLD instead of JUST LISTED. We have a proven marketing programs for getting your Villa Emas Condominium sold. It is even easier when we have ready buyers now. 

For the list of Property Wanted, please click here.

For the list of Land Wanted, please click here.



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

Thursday, 22 May 2014

Good fortune abounds in township, says feng shui expert

CURRENT and future buyers of Botanica.CT Garden Township will continue to be surrounded by good fortune for the next 20 to 40 years, according to renowned feng shui consultant Datuk Joey Yap.
He made the remark when he arrived at the launch of Botanica.CT’s Botanica 4 show villas to give a talk on Sunday.
He also claimed that fortune was shifting to the southwest side of Penang island or Balik Pulau where the garden township was located.
MTT & Priority Group of Companies group general manager Jason Tan Khee Kwong said Yap was engaged to give a talk to potential homebuyers, adding that having mountains all around was good feng shui.
Meanwhile, the group’s executive chairman Datuk Dr Kenny Ong said response to the launch had been good with 10 people placing their bookings and many more making enquiries, adding that they hoped to sell at least half of the 29 units by the end of the year.
“Our next phase will be the commercial units.
“We hope to start building the pedestrian mall to be called Botanica Walk as soon as the building plan is approved.”
Botanica 4 will have 29 three-storey villas on a plateau with each having a built-up area of 6,000sq ft onwards and land area of 9,000sq ft to 16,000sq ft.
Each villa, priced from RM5.5mil and with seven exclusive designs to choose from, will have a swimming pool and a home elevator.
Botanica.CT has nine residential phases altogether. A heritage club house is due to open soon followed by the pedestrian mall, a medical centre, a health resort and a retirement resort.
There will be a two-day Botanica.CT roadshow from June 7 at Marina Bay Sands Hotel in Singapore from 10am to 7pm in conjunction with Property Guru’s Malaysia Property Showcase 2014.
The launching ceremony of the Botanica 4 show villas was also witnessed by Botanica.CT’s existing residents and potential buyers who were treated to lunch and a lion dance blessing ceremony. - The Star

Titijaya unit to buy land in Penang for RM126mil

KUALA LUMPUR: Newly-listed property developer Titijaya Land Bhd’s wholly-owned unit City Meridian Development Sdn Bhd has entered into a conditional sales and purchase agreement to acquire 8.25 ha in Penang from Titijaya Group Sdn Bhd for RM126mil.
Titijaya Land chief operating officer Lim Poh Yit said the proposed acquisition is the company’s first venture outside the Klang Valley.
“We are exploring this proposed acquisition in Penang due to its strategic location and development opportunities anticipated from the surrounding catchment area. We are in the midst of planning and exploring the right mix of development products that will best fit market demands and trends,” he said in a statement yesterday.
He added that the mixed development, with an estimated gross development value of RM2bil, will be launched at about the end of next year on a location within walking distance of the second Penang bridge, the Sultan Abdul Halim Mua’dzam Shah Bridge.
Titijaya Land, which was listed on Nov 27 last year, recorded a pre-tax profit of RM25.1mil for the third quarter ended March 31, 2014 while revenue amounted to RM62.5mil. – Bernama

From leasehold to freehold

THE Seri Delima state seat in the Bukit Gelugor parliamentary constituency has 23,000 voters comprising 28.8% of the total 82,431 voters in the parliamentary constituency.
The other two state seats are Paya Terubong and Air Itam.
Most of the voters in Seri Delima, Penang, are from the middle income and working class. Many reside on landed properties.
Top of the concern of 465 property owners surrounding the hill in Bukit Gelugor is whether the state government would convert their leasehold land into freehold.
Although the state government has given an assurance that the leasehold land which expires in 37 years would be renewed, some are further hoping for freehold status.
“We have heard that banks are not giving loans to those who buy properties since the lease will expire in 2052. Is this true?” asked a senior citizen when met in Lorong Bunga Raya.
Bukit Gelugor Residents Association committee members do not want to comment on the freehold issue since they do not want it to be politicised during the upcoming Bukit Gelugor by-election.
Chief Minister Lim Guan Eng has said that the state needed to get permission from the Federal Government before awarding freehold status to leasehold land owners.
Lim Meng Teng, 65, a resident of Jalan Bunga Raya, said the residents were staunch supporters of former DAP chairman, the late Karpal Singh.
“We voted for Karpal for many terms when he stood for the Bukit Gelugor parliamentary seat and earlier when he stood in our area under the then Bukit Gelugor state seat.
“We hardly saw him in our constituency except during general elections, but we voted for him anyways.
 Traffic is now smoother with the widening of the road near Udini roundabout. Pic by Gary Chen.
Traffic is now smoother with the widening of the road near Udini roundabout. Pic by Gary Chen.
“Now, we are being asked to support his son Ramkarpal. Will his son follow in his father’s footsteps and show up only during the next general election? he asked.
A check showed that many voters were concerned over road safety and security issues.
In Island Glades, residents are happy over the installation of traffic lights at the junction of Jalan Besi, Jalan Gangsa and Lebuhraya Besi in April last year.
Salesman S.K. Ng, 29, who lives in an apartment unit in Jalan Gangsa, said the traffic lights had helped reduce accidents.
“It is also safer for pedestrians, especially senior citizens, to cross the busy road,” he said.
The upgrading of the park in Taman Guan Joo Seng in Green Lane in 2012 has brought cheer to residents there.
The park, fondly known as the Japanese Garden, was upgraded after three former Penang municipal councillors — Sin Kok Siang, L. Prem Anand and Tan Hun Wooi — used their council allocation under the Cleaner Greener Penang project.
Activities such as line dancing and talks are often held at the Island Park Village Development and Security Committee community hall at the park.
The park is also frequented by youths who play basketball in the evening.
The RM7.5mil road widening project from the Udini roundabout to Jalan Masjid Negri has also eased traffic congestion.
Security is still an issue among some residents.
A salesman, who wanted to be known only as Louise, 56, said he was almost robbed by another motorcyclist in Lebuhraya Besi when he was on his way to his Jalan Gangsa home about two years ago.
“I was waiting at the junction of Jalan Besi-Jalan Gangsa when the motorcyclist placed a knife on my motorcycle handle and demanded my wallet.
“I abandoned my motorcycle in the middle of the road and ran to the opposite side of the road. The man was unable to navigate his way through the traffic.
“He took away my motorcycle keys out of frustration. This is scary since it occurred in broad daylight,” he said.
Louise hoped Sri Delima assemblyman R.S.N. Rayer and Ramkarpal would hold talks with the police to increase security in the area.
In the last general election, Rayer of the DAP obtained 14,478 votes while his challenger Low Joo Hiap of Barisan Nasional obtained 5,201 votes.
There are 82,431 registered voters in Bukit Gelugor, with 74.33% (61,267) Chinese, 14.45% (11,913) Malays, 10.73% (8,848) Indians and 0.49% (403) others.
It will be a four-cornered fight for the by-election on Sunday.
Besides Ramkarpal, the other candidates are Parti Cinta Malaysia vice-president Datuk Huan Cheng Guan, 53, retiree Mohamed Nabi Bux Mohd Nabi Abd Sathar, 63, and lawyer Abu Backer Sidek Mohamad Zan, 46. - The Star

Tuesday, 20 May 2014

First Penang property project for GUH

GEORGE TOWN: GUH Holdings Bhd is planning the initial launch of an RM238mil residential project in south Seberang Prai next year following the acquisition of a 46-acre land bank for RM69.68mil in Simpang Ampat.
Group managing director Datuk Kenneth H’ng told StarBiz that the project, comprising 322 units of landed properties on 16 acres or about 35% of the 46-acre site, had been approved by the local authorities.
“The purchase of the land came with the master plan for the project, which has been endorsed by the local authorities,” H’ng said after the company’s AGM, which saw the signing of the sale and purchase agreement for the said land bank.
The site was purchased from Million Crest Sdn Bhd by Notable Empire Sdn Bhd, a wholly owned subsidiary of GUH, for RM69.68mil cash. The acquisition is scheduled to be completed in July.
“We plan to launch the project in the first half of 2015. Based on today’s property prices, we can expect the project to generate about RM92mil to the group’s revenue over the next five years.
“With the launch of our maiden property project in Penang, we expect our property division to contribute over 20% to the group’s revenue next year compared with 15% in 2013,” H’ng added.
He said the group was optimistic about the project, as it is close to the second bridge and 2.5km from residential and commercial projects such as Bandar Tasek Mutiara, Pearl City, Taman Tambun Indah and Taman Simpang Ampat.
At present, the group still has 150 acres of undeveloped land bank in Taman Kepayang, Seremban. The group has so far developed about 350 acres of its land bank there.
On its water treatment business, H’ng said the group was presently tendering for about RM170mil of water projects in the country.
“The unbilled contracts for our water projects to date is RM40mil. We should know the status of the tenders by the end of 2014,” he added.
On its printed-circuit board (PCB) business, GUH has in hand some RM60mil worth of orders for double-sided and single-sided PCBs to be delivered by the end of the second quarter.
“The orders are coming from the home audio, car audio, television and refrigerator manufacturers,” H’ng said.
For its first quarter ended March 31, the group posted a pre-tax profit of RM8mil on the back of RM77mil in revenue, compared with RM7.8mil and RM62mil respectively achieved in the previous corresponding period. - The Star

Monday, 19 May 2014

E&O awaiting state govt clearance for Seri Tanjung Pinang phase 2 project

Artist's impression of Seri Tanjung PInang phase two.
Artist’s impression of Seri Tanjung PInang phase two.
GEORGE TOWN: The development of Seri Tanjung Pinang (STP) phase two in the north-east coast of Tanjung Tokong here by Eastern & Oriental Bhd’s (E&O) unit, Tanjung Pinang Development Sdn Bhd has entered a critical phase with the company awaiting the endorsement of the state government for its proposed masterplan before it can proceed with the reclamation work.
Although the state had granted an in-principle approval to E&O for the masterplan in 2011, E&O still needs the state’s clearance for the masterplan before reclamation work of the STP phase two can proceed.
The STP phase two project will involve the reclamation of 760 acres of man-made islands and 131 acres of the Gurney Drive foreshore that will be handed over to the state government for infrastructure development of a new expressway, a new Gurney Drive Promenade, and a parallel linear park for public recreational purposes.
It will be the sequel to the 240-acre STP phase one and is expected to have a development horizon of 15 years.
Time is also of the essence as E&O’s concession agreement with the Penang state government to reclaim and develop the land is subject to the completion of the reclamation work by 2019 when the reclamation concession expires. Given that the reclamation for the more sizeable STP phase two will be done further offshore in deeper waters compared with the smaller STP phase one that is closer to shore, the project is expected to incur higher costs and take a longer time.
In a recent interview here, E&O managing director Datuk Terry Tham said the company had submitted applications to the state government with regard to the endorsement of the proposed STP phase two masterplan.
“We can start reclamation only after obtaining approval from the state government, which we hope to obtain by the fourth quarter of this year. Reclamation work is expected to commence thereafter and may take three to five years for full completion.
“We should be on track to meet the deadline for reclamation of 2019 as long as we comply with all requirements set by the regulatory authorities. Development can only start after reclamation work has been completed,” Tham told StarBiz.
The Department of Environment had on April 10 granted an approval in principle for the detailed environmental impact assessment (DEIA) study and conceptual masterplan of the STP phase two project, subject to compliance to conditions set out by the DOE to ensure the project is carried out in an environmentally responsible manner and is consistent with the prevailing regulatory framework.
Tham said E&O was ready to comply with all conditions set by the authorities, which included the necessary requirement of a DEIA study and its approval. “As a responsible developer, E&O has appointed local consultants familiar with local conditions and reputable international consultants with the experience and expertise of reclamation projects worldwide, to verify and help monitor that each stage of reclamation work is consistent with international standards, irrespective of whether it is imposed on us.
Penang chief minister Lim Guan Eng told StarBiz earlier this month that E&O would be given the approval by the Penang state government if it complied with all the technical and regulatory requirements for the project.
“If all the conditions are fulfilled by the developer, the state government will have to respect the sanctity of the agreement, otherwise it will have to pay compensation to the developer for non-compliance,” Lim explained.
If given the go-ahead, E&O will proceed to call for tender proposals for the reclamation work for STP phase two with the actual reclamation work expected to begin only early next year.

Sunday, 18 May 2014

Taman Kheng Tian Wanted

We are delighted to announce that we have ready buyers looking to own a unit at Taman Kheng Tian, Penang, therefore if you wish to sell yours or know of someone who is, please contact us by clicking here.

The potential buyer is a motivated buyer so you may get your Taman Kheng Tian SOLD soon.

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 Taman Kheng Tian  SOLD instead of JUST LISTED. We have a proven marketing programs for getting your Taman Kheng Tian sold. It is even easier when we have ready buyers now. 

For the list of Property Wanted, please click here.

For the list of Land Wanted, please click here.



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