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UPCOMING: Tanjung Tokong / Urban Hue Development Sdn. Bhd.

June 24th, 2018 No comments

proposed-tanjung-tokong-Urbanhue

A proposed low density residential development by Urban Hue Development Sdn. Bhd. at Tanjung Tokong. Located along Jalan Bunga Hinai, right opposite of Desa Bella Apartment. It is only just a mere minutes drive to Straits Quay Marina Mall at Seri Tanjung Pinang, and walking distance to Hun Bin Primary School.

This development will see the demolition of the existing bungalows, for the construction of 22 units 5-storey town house (including an underground level).

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

Project Name : (to be cofirmed)
Location : Tanjung Tokong
Property Type : Town house
Built-up Size: (to be confirmed)
Total Units: 22
Indicative Price: (to be confirmed)
Developer : Urban Hue Development Sdn. Bhd.

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Penang mulls reintroducing Rent-to-Own scheme

June 22nd, 2018 No comments

rent-to-ownPenang government is planning to re-introduce the Rent-to-Own (RTO) scheme to assist the low income group to own houses in the state.

Chief Minister Chow Kon Yeow said the matter has been raised in the first state executive council’s meeting recently and three housing projects have been identified as “suitable” for the RTO conversion.

He said there were cases of people still unable to afford houses sold at RM42,000 and RM72,500 under the low cost and low-medium cost categories respectively.

“We want to take a new approach (to address this) and we are looking at the RTO scheme.

“For instance, tenants can pay their rentals, say between 20 and 25 years, and that will be taken into account as installment payment before owning the house.

“However, they must pay the rentals promptly during the period,” he said during a working visit to the Penang Island City Council (MBPP) flats in Lebuh Ah Quee here today.

Asked about the projects under the RTO scheme, Chow said one of them was located at Mak Mandin, on the mainland.

He said the state housing department would outline the criteria and mechanism to implement the RTO scheme.

Chow said the units to be offered under the RTO scheme would be projects implemented under the purview of state housing department and Penang Development Corporation (PDC).

“Once the new policy has been implemented, the state government will assist with the conversion process.

“If developers can sell us the units at cost price, then the state will be able to offer it to the people under the (RTO scheme) policy,” said Chow.

On his visit, Chow said the council was planning to replace the roofs of the two blocks of flats there costing about RM500,000.

Source: NST Online

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First Penang PR1MA Project to begin end of this year

June 21st, 2018 5 comments

1st-affordable-gelugor

After a three year delay, Penang’s first 1Malaysia Peoples’ Home (PR1MA) project will begin construction by the end of this year.

State Local Government, Housing and Urban and Rural Planning Committee chairman Jagdeep Singh Deo said the project had been given the green light by the Penang Island City Council (MBPP) prior to the 14th General Election.

He said the developer had minor issues to be sorted out before the commencement of construction works.

“For Penang, we have received three applications that have been approved, two at Kampung Kastam and another at Batu Ferringhi.

“After discussions with the Housing and Local Government Minister, Zuraida Kamaruddin, she has agreed to allow us to monitor and supervise the project’s progress instead of the federal agency,” he said during the site visit at Kampung Kastam, Jalan Bukit Gambir here today.

Two blocks comprising 38 storeys and 31 storeys, and 1,162 units, will be constructed on a 3.27 hectare land.

The 38-storey block is for the affordable housing category, with a 850 sq ft per unit to be sold at RM300,000 while the 31-storey block is for the low-medium cost housing category, with a 650 sq ft per unit to be sold at RM72,500.

A total of 905 units have been set aside for the affordable housing category while the remaining 257 units are for the low-medium cost housing category.

There will also be a common hall, prayer hall for Muslims and a gymnasium.

The project will be implemented by Ideal Property Development Sdn Bhd.

“Approximately three years after works began, over 1,000 families can finally own a house, a roof above their heads,” Jagdeep said.

Jagdeep added that the planned 5.7km paired road from Air Itam to the Tun Dr Lim Chong Eu Expressway, under the Penang Transport Master Plan (PTMP) project, would cater to the anticipated increase in traffic volume once the housing project was completed.

He also noted that the PR1MA branding would be renamed by the federal government.

Also present were MBPP Planning Development acting director Zuraini Mat Rasit and Ideal Property Development executive chairman Tan Sri Alex Ooi.

Source: NST

 

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Chow hopes LRT project is implemented within five years

June 20th, 2018 11 comments

penang-lrt-5-years

Penang Chief Minister, Chow Kon Yeow is targeting for the Light Rail Transit (LRT) project under Penang Transport Master Plan to begin during his tenure.

Chow said the LRT project would take a longer time to complete in Penang but he hoped to see the project commence within five years.

“The LRT project will take between six to eight years, so if we could start in two to three years, we would be moving ahead slightly,” he told Bernama in an interview recently.

He added that in the past three years, the state government was concentrating on efforts to conduct studies on the LRT project to fulfil the conditions of the Land Public Transport Commission (SPAD) or the Town and Country Planning Department (JPBD).

After the 14th General Election (GE14) last month, Chow was appointed as chief minister to replace Lim Guan Eng who was appointed Finance Minister in Tun Dr Mahathir’s cabinet.

In the previous term, Chow held the State Local Government, Traffic Management and Flood Mitigation Committee chairman and he is currently the State Land Matters and Land Development, Information and Transportation Committee chairman.

Chow who is also Tanjong MP said if the approval for LRT is acquired in two to three years, maybe construction will start within this term.

“If we could begin construction, it will be another six to eight years before we will get a new modern public transport in Penang,” he said.

Before this, Chow expressed the hope that mega projects in the state would be expedited if the Penang state government was aligned with the federal government.

Among the state’s mega projects are the undersea tunnel encompassing the construction of three main highways, Penang South Reclamation (PSR) project, Penang Sky Cab and LRT which are estimated to cost RM46 billion in total.

Nonetheless, the Padang Kota assemblyman said there were constraints on the proposal by several non-governmental organisations for a tram system to overcome the high cost of building the LRT.

He said to date, there were quarters who questioned the suitability of the LRT project in Penang but at the same time, not all roads in Penang were built according to the standard for a tram system.

“If tram is built on the existing roads, the capacity of roads will be reduced less while the LRT or MRT could be build on overhead or underground tracks,” he said.

Source: Bernama

 

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Jelutong Villa

June 18th, 2018 2 comments

jelutong-villa

Jelutong Villa, a small residential development by BTK Land Sdn. Bhd. at Bukit Dumbar, Penang. Located off Jalan Faraday, just a short drive to Tesco Hypermarket and Udini Square. Neighboring communities include Sinar Bukit Dumbar Aparment, Bukit Dumbar Residence and Edge 360 Condominium.

This development features 8 units of 3-storey bungalow and semi-detached houses with home lift. Indicative selling price starts from RM2,550,000 onwards.

Project Name : Jelutong Villa
Location : Bukit Dumbar
Property Type : Semi-detached and bungalows
Built-up Size: 4,465 sq.ft (semi-d), 6,521 sq.ft.(bungalow)
Total Units:: 8
Land Tenure: Freehold
Target Completion: 2020
Indicative Price: RM2.55mil (semi-d), RM3.8mil (bungalows) onwards
Developer : BTK Land Sdn. Bhd.

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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.)
Marketing Agents
  • 012-439 8359 (Ivan Tan)

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