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SITE PROGRESS: Cassia Cempaka (July 2024)

Property News/ 22 July 2024 No comments

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About Cassia Cempaka

Landed residential development by PDC Properties Sdn. Bhd. in Bandar Cassia. Strategically located along Jalan Batu Kawan, neighboring Batu Kawan Police Station and Fire & Rescue Station. It is about 5km to IKEA, and less than 10 minute’s drive to Penang Second Bridge and Batu Kawan Industrial Park (BKIP). The project will be developed in multiple phases, comprises a combination of 2-storey terrace, semi-detached and bungalows.

Find out more about Cassia Cempaka

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*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Searching for your dream home? OSK Property will launch its newest Affordable Housing Development in Butterworth

Property News/ 20 July 2024 No comments

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Are you searching for the perfect blend of comfort, convenience, and affordable dream home in Butterworth? OSK Property will be launching its latest development soon — a meticulously planned affordable housing development set to redefine urban living in this vibrant community.

1Prime Location Nestled within a mature neighbourhood, this development spans across 2.04 acres of freehold land, offering 373 units with unit built-up of 950 square feet. With its strategic location, residents will have easy access to schools, hypermarkets, shopping centres, and eateries. Furthermore, the development’s close proximity to the upcoming Penang Sentral LRT Station ensures seamless connectivity to the rest of the city.

Modern Comfort and Lifestyle Facilities Each unit comes with two (2) car parks, ensuring convenience for you and your family. Beyond the basics, residents will enjoy a range of facilities designed to enhance your lifestyle. Imagine unwinding after a long day with a dip in the swimming pool, staying fit at the gymnasiums, hosting gatherings at the multipurpose hall, or watching your children play safely at the playground— all right at the doorstep of your new home.

Affordable and Attainable This development offers you an opportunity to own a home in a prime location without breaking the bank. If you are a first-time buyer, these homes are designed to meet your needs and exceed your expectations.

Reputable Developer OSK Property has a proven track record of delivering exceptional residential developments. With a commitment to quality craftsmanship, thoughtful design, and highest customer satisfaction, OSK strive to create communities where residents can thrive.

Register Your Interest Today The project is currently brewing. Don’t miss out on this incredible opportunity to secure your future in Butterworth’s newest affordable housing development. For more information, call 010-8836553 or visit OSK sales gallery. OSK friendly sales consultant is ready to assist you every step of the way.

Embrace the lifestyle you deserve. Your dream home awaits at OSK Property.

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer to initiate follow-up communications with you on the project.)

Aurea @ Eco Sun

Batu Kawan/ 19 July 2024 No comments

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Introducing Eco Sun, a premier 74.4-acre mixed-development by EcoWorld, situated in Batu Kawan, Penang’s rapidly growing third satellite city. This strategic location provides seamless access to major industrial and commercial hubs, including Batu Kawan Industrial Park (BKIP), BKIP 2, the upcoming BKIP 3, Bukit Minyak Industrial Park and Valdor Industrial Park. Scheduled to launch in 2024, Eco Sun is set to leverage Batu Kawan’s exceptional growth potential and dynamic economic landscape.

As the second project by EcoWorld in Batu Kawan, Eco Sun builds upon the success and strong market presence established by its predecessor, Eco Horizon and promises even greater opportunities for growth and investment in this emerging city.

Eco Sun’s maiden commercial offering is Aurea, 2-storey shop lots with individual titles. With only 96 units available, these shop lots offer a rare chance to establish a foothold in this vibrant and expanding area.

Visit the EcoWorld Gallery @ Eco Horizon or register now to get detailed information and secure your opportunity to own a unit in this prestigious development.

Ensure your spot in Eco Sun, —Batu Kawan’s premier mixed-development and EcoWorld’s second landmark project in this booming city. Act now to be part of this exciting venture!

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Project Name : Aurea @ Eco Sun
Location : Batu Kawan, Penang
Property Type : Commercial
Land Area: 22’ x 65’ onwards
Total Units: 96
Indicative Price: (to be confirmed)
Developer : Eco World

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SITE PROGRESS: Lucerne Residences (July 2024)

Property News/ 18 July 2024 No comments

Lucerne Residences

About Lucerne Residences

The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 residential units with a 5-storey parking podium.

Find out more about Lucerne Residences

Subscribe here for updates on this project and other property news

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Malaysia’s property sector shows strong performance in 1H24

Property News/ 17 July 2024 No comments

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Malaysia’s property sector has demonstrated commendable mid-year performance, signalling a promising trajectory for the industry fuelling by strategic developments and growing investor interest, according to Knight Frank Malaysia.

Its group managing director Keith Ooi cited the robust economic growth, significant investments and adaptive market trends as key catalysts supporting this growth.

“Malaysia continues to show promising growth prospects, bolstered by strategic investments, infrastructure improvements and evolving market dynamics,” he said.

The global property consultant released its analysis, titled Real Estate Highlights First Half of 2024 (REH 1H 2024) today, revealing a dynamic and resilient market across residential, office, retail, hospitality, and industrial sectors.

During the REH presentation, Amy Wong, executive director of Research and Consultancy, said the high-end high-rise residential segment in the Klang Valley and Johor saw increased growth in transactions and values.

She highlighted that in the first quarter of 2024, a total of 3,413 residential units sold for RM2.8 billion, marking a 19.2 per cent increase in volume and a 19.3 per cent rise in value.

Three high-end condominium projects were completed during the quarter, adding 1,846 units to the market.

“Future completions in the second half of 2024 (2H 2024) will add some 5,866 units,” she said.

In Johor, growth in transaction volumes and values were recorded in both the condominium/apartment and serviced apartment categories.

“Several high-rise residential projects were launched, reflecting a vibrant market driven by strategic developments such as the upcoming Johor Bahru-Singapore Rapid Transit System Link,” she noted.

Meanwhile, the office sector continues to draw multinational corporations, buoyed by competitive rental rates, a skilled workforce, and robust government support for the digital economy.

Director of Office Strategy and Solutions Naythan Chong said in the Klang Valley, the office sector experienced modest improvements in occupancy and rental rates, driven by tenant relocations and a resilient market in Kuala Lumpur Fringe and Selangor.

In 1H 2024, two significant buildings were completed, adding 0.4 million square feet (sq ft) of space to the market and bringing the total space to 117.9 million sq ft.

In Johor, stable rental rates were observed in Johor Bahru City Fringe, while in Penang, the office space supply remained stable with 6.9 million sq ft on Penang Island and 1.7 million sq ft in Seberang Perai.

Three new office towers are expected to enter the market in the 2H 2024 in Penang, including Sunshine Tower, GBS by The Sea, and a 34-story office suite building in Gelugor.

On the retail segment, director of retail management and consultancy Yuen May Chee said the trends indicate a continued expansion in the Klang Valley, Johor, Penang and Sabah.

Nevertheless, she sees the ringgit and inflation performance, high interest rate, rising costs and rental will add some pressure on consumer spending and operating costs.

As for the industrial segment, executive director of Land and Industrial Solutions Allan Sim said Malaysia’s industrial property market is witnessing robust demand, particularly for high-quality sustainable developments.

“The manufacturing sector is projected to grow by 3.5 per cent in 2024, supported by the recovery of export-oriented industries and sustained growth in domestic clusters,” he said.

Sim noted a marked shift towards high-quality, sustainable logistics spaces, contributing to a slight rise in rents.

Institutional investors are also increasingly targeting industrial assets in the Klang Valley for their stable returns and yield-accretive potential, he added.

In Johor, the rapid growth in the data centre market is driven by its proximity to Singapore as well as the launch of the Johor-Singapore Special Economic Zone in January 2024.

Additionally, Penang is expected to become a hub for high-tech industries, particularly in semiconductor and electronics manufacturing.

Source: Bernama

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