The Hildens

November 21st, 2017 No comments

the-hildens-bukit-mertajam

The Hildens, 21 storeys high and featuring modern designs with a spacious built-up. Strategically located along Jalan Kulim, this distinctive development is poised to elevate contemporary living in Tokun to new heights. It is only few minutes drive to shopping malls and close to all local amenities.

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

Project Name : The Hildens
Location :
 Tokun, Bukit Mertajam, Penang
Property Type : Condominium
No. of Storey: 21
Total Units : (to be confirmed)
Built-up Area :  1,382 sq.ft onwards
Land Tenure : Freehold
Developer : WHH Land

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Categories: Bukit Mertajam Tags: ,

Real estate agency still sees strong interest and confidence

November 18th, 2017 No comments

affordable-housing-penangPenang’s residential property transactions is expected to experience more than 5% contraction this year compared to 2016.

Raine & Horne Malaysia senior partner Michael Geh tells StarBizWeek he is projecting a more-than-five-percentage dip in residential transactions in 2018 although there is “still strong interest and confidence” in Penang.

The first half of 2017 saw residential volume of 5,697, compared to 6,698 in 2016, a drop of 15%.

“The value of transactions for residential homes in the first half of 2017 was around RM2.45bil, compared with RM2.65bil in 2016’s first half,” Geh says.

“In the second quarter of 2017, the transaction for all types of properties in Penang was 3,881 units, a drop of about 3% from 4,003 in the first quarter.

“The contraction is slight, which shows that there is confidence still in the local property market,” he adds.

Following the recent Penang floods, he expects fewer projects to be launched in 2018 as developers redraw strategies while awaiting new housing guidelines from the state. This is particularly for those areas near hills and in flood prone zones.

“All this could slow down property transactions over the next 12 months. We may even prices drop below market price near hill slopes and in flood prone areas. This could happen if sellers are determined to let go of their properties,” Geh adds.

Depending on the stringency of the guidelines, he says the cost of developing projects near the hills could be very high as a result of new safety measures imposed.

“Demand for properties on flat grounds would rise, pushing up prices for such properties. Buyers would be extra cautious with hill slope/flood prone areas. This is another factor that could contribute to slower and lower transactions.

The sub-sale price of high-rise properties on the island has either stagnated or contracted slightly since 2014.

In Tanjung Bungah, current prices are between RM720,000 and about RM1mil, depending on the size and location.

In Batu Ferringhi, it is between RM620,000 and RM820,000 for a high-rise unit, while the selling price of a detached landed property could range from RM2mil to RM2.7mil, depending on size and location of the properties.

In Paya Terubong, a high-rise unit was transacted between RM230,000 and RM435,000. In Jalan P. Ramlee, the selling price of a high-rise unit may have a wide range of between RM125,000 and RM405,000.

Henry Butcher Malaysia (Seberang Prai) Sdn Bhd associate director Fook Tone Huat says the floods affected some of the more popular locations.

“The demand for properties in these areas is likely to be impacted during this transitional period as Penangites try to get back to routine.

“However, after a period of time, coupled with the remedial actions taken against the floods, buying interest will normalise,” Fook says.

These include locations in central Seberang Prai such as Sungai Rambai and Padang Lallang, Juru and part of the Alma areas. In north Seberang Prai, the popular area of Sungai Dua has also been affected.

Landed terraces in Taman Pauh, Taman Sejahtera and Taman Bayu Mutiara have risen by between 26% and 29% since 2014, when the slowdown started.

In north Seberang Prai, the pricing of landed terraces has risen by 11% to 33% since 2014.

Land prices in central and north Seberang Prai are now priced between RM50 per sq ft and RM130 per sq ft, about 5% to 10% higher than in 2014. The increase in land costs has translated into higher prices.

“New double-storey terraced units in south Seberang Prai are now priced between RM400,000 and RM500,000, which is 5% to 10% higher than in 2014.

“Double-storey terraced houses in prime locations of central and northern Seberang Prai have also increased by 5% to 10% to RM450,000 to RM650,000,” he adds.

Source: TheStar.com.my

 

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UPCOMING: Batu Kawan / Aspen Group

November 16th, 2017 2 comments

proposed-aspen-condominium-batu-kawan

A newly proposed mixed development by Aspen Vision City Sdn. Bhd. (Aspen Group) at Batu Kawan. This is part of the 245-acres masterplaned development of Aspen Vision City, located between IKEA Store and Vervea commercial precint.

The proposed development comprises 20 units of shop offices and three high-rise towers, offering a mix of condominiums, office suites and hotel rooms:

  • Block A: 34-storey condominium (295 units)
  • Block B: 48-storey condominium (332 units)
  • Block C: 30-storey hotel (308 rooms) & office suites (81 units)

This project is still pending for approval. Details to be available upon official project launch.

Project Name : (to be confirmed)
Location :
 Batu Kawan, Penang
Property Type : Mixed development
Built-up Size: (to be confirmed)
Total Units: 627 (condo), 81 (office suites), 20 (shop offices)
Indicative Price: (to be confirmed)
Developer : Aspen Vision City Sdn. Bhd. (Aspen Group)

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement, unless stated otherwise. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

Batu Maung units snapped up

November 16th, 2017 12 comments

m-vista-southbay-launching-f-cn

A total of 100 M Vista apartments have been taken up at a preview held at a show gallery in Batu Maung, Penang.

“This overwhelming response indicates a strong demand for affordable property.

“M Vista comprises 237 apartments located in Batu Maung.

“The units are priced from RM345,800,” said Mah Sing Group Bhd managing director Tan Sri Leong Hoy Kum in a statement.

“Under the campaign, Mah Sing hosted simultaneous previews and unit selections for three projects across Malaysia.

The projects were M Centura in the Klang Valley, Fern in Meridin East, Johor Baru, and M Vista in Penang.

“M Centura and Fern both recorded a commendable average take-up rate of 95%,” Leong added.

M Vista focuses on providing convenience for its buyers from all walks of life.

Residents of the units ranging in size from 536 to 1,201sq ft will enjoy ample facilities.

They include barbeque and outdoor dining areas complete with a herbarium corner filled with edible herbs available for use.

There will also be an indoor play area and reading corner for children, relaxation area, secret garden and gym.

The development is strategically located only 1km from the second Penang bridge and about 9km from the Penang Bridge.

It is also near the Tun Dr Lim Chong Eu Expressway.

Find out more about M Vista @ Southbay

 

Source: TheStar.com.my

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Columbia Asia Medical Centre

November 15th, 2017 No comments

Columbia Asia

Columbia Asia, an upcoming private medical centre at Batu Kawan. The brand offers 29 medical facilities across Asia with 12 in Malaysia. It provides healthcare services at affordable price with facilities of international standards. The full-service hospital at Aspen Vision City is the only Columbia Asia facility in Penang and the second in the northern region.

Located opposite the upcoming KDU University College and Utropolis development by Paramount Group, adjacent to Vittoria Financial Centre. The medical facility will occupy a site measuring approximately 3 acres, to be equipped with 150 beds.

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Categories: Batu Kawan Tags: ,