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Chinese New Year 2020 Open House & Roadshow

January 24th, 2020 No comments 中文版

May the Year of the Metal Rat brings you lots of happiness, good health, good luck & good fortune. Happy Chinese New Year 2020! Celebrate this coming festive season with your family by visiting these events for your dream home and enjoy the exclusive CNY offers.

Triuni Residence Tower B Lunar Grand Launch! Enjoy up to RM108K CNY Angpow per unit

RUNNYMEDE GROUP (28-30 JAN)

Triuni Residence Tower B Lunar Grand Launch! Enjoy up to RM108K CNY Angpow per unit
CNY Renri Celebration - Celebrate everyone's birthday together with amazing activities and RM1mil ANGPOW to be won!

ASIA GREEN GROUP (31 JAN)

CNY Renri Celebration - Celebrate everyone's birthday together with amazing activities and RM1mil ANGPOW to be won!
CUBE Penang Market CNY celebration @ Southbay Sales Gallery

MAH SING GROUP (1 Feb)

CUBE Penang Market CNY celebration @ Southbay Sales Gallery
Hottest Rat Year Bonus For You

MTT PROPERTIES (22 JAN – 9 FEB)

Hottest Rat Year Bonus For You
Urban Suites show unit is now ready for viewing. Call now to make appointment!

COSMOPOLITON HOMES (27 JAN)

Urban Suites show unit is now ready for viewing. Call now to make appointment!
CNY Property Fair 2020 at Queensbay Mall, Gurney Plaza and Sunway Carnival Mall.

PROPERTY QUEEN (27 JAN – 2 FEB)

CNY Property Fair 2020 at Queensbay Mall, Gurney Plaza and Sunway Carnival Mall.
CNY Open House Paramount Property New Gallery @ Utropolis Batu Kawan

PARAMOUNT PROPERTY (1 FEB)

CNY Open House Paramount Property New Gallery @ Utropolis Batu Kawan
Valencia Residence - Show Gallery open for viewing during Chinese New Year!

AMAN SETIA GROUP

Valencia Residence - Show Gallery open for viewing during Chinese New Year!
Celesta Residence - Super low density condo with only 89 units

TGB GROUP (27 JAN – 2 FEB)

Celesta Residence - Super low density condo with only 89 units
Double the joy with your family & friends this auspicious occasion with dazzling performances, treats and more.

S P SETIA (9 FEB)

Double the joy with your family & friends this auspicious occasion with dazzling performances, treats and more.
The Sun Condominium Chinese New Year Open House. Grab an Angpow worth RM888 during this event!

SEPAKAT MEWAH (18 & 19 JAN)

The Sun Condominium Chinese New Year Open House. Grab an Angpow worth RM888 during this event!
Categories: Events Tags:

Mandarin Mansion

January 23rd, 2020 No comments

Mandarin Mansion

Mandarin Mansion, a landed residential development by Kayangstar Property Sdn. Bhd. in Batu Maung, Penang. Located along Jalan Batu Maung, accessible via Lorong Batu Nilam 1. It is adjacent to Sunway Mutiara housing scheme by Sunway Property Group, approximately  2km away from Penang Second Bridge.

This development comprises a total of 28 units 3-storey semi-detached and terrace houses. It was formerly owned by Seal Properties Sdn. Bhd. (known as Sapphire @ Batu Maung), been sold to Kayanstar Property Sdn. Bhd. in 2017.

More details to be available upon official launch.

Project Name : Mandarin Mansion
Location : Batu Maung, Penang
Property Type : 3-Storey Semi-Detached & Terrace
Land Area: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units: 14 (semi-d), 14 (terrace)
Tenure : Freehold
Indicative Price: (to be confirmed)
Developer : Kayangstar Property Sdn. Bhd.

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.)

Location Map:

 

 

Bank Negara MPC cuts OPR by 25bp to 2.75%

January 23rd, 2020 No comments

bnm-lower-interestBank Negara Malaysia’s Monetary Policy Committee (MPC) reduced the Overnight Policy Rate (OPR) by 25 basis points to 2.75% — the lowest since 2011.

The reduction in the OPR surprised economists who expected the MPC to retain the OPR at 3%.

After the statement was announced at 3pm, shares of banks fell, dragging the FBM KLCI into the red as a rate cut would impact their net interest margins.

In the statement, Bank Negara said the ceiling and floor rates of the corridor of the OPR were correspondingly reduced to 3% and 2.50%, respectively.
“For 2020, growth is expected to gradually improve, with continued support from household spending and better export performance.

“The adjustment to the OPR is a pre-emptive measure to secure the improving growth trajectory amid price stability,” it said.

At 5pm, Hong Leong Bank lost 60 sen to RM16.24, Public Bank fell 46 sen to RM19.02, CIMB 10 sen to RM5.03, Maybank five sen to RM8.55 while AmBank shed two sen to RM3.82 while RHB Bank was unchanged at RM5.84. BIMB fell 14 sen to RM4.06.

OCBC Bank economist Wellian Wiranto said with the conclusion of US-China Phase One deal and a nascent pickup in global trade flows, the outlook for Malaysian economy should have been looking better now versus two months ago, when the MPC last met.

“It appears that better may not be good enough, however. Bank Negara surprised the market and us by cutting its OPR by 25bps to 2.75% – a level not seen since early 2011. Ostensibly, it is labelled as a “pre-emptive measure”.

“The out-of-left-field nature of the cut, plus a tell-tale wariness on both global and domestic growth drivers in the statement, signal this may not be the last cut for the year – especially if economic momentum does not pick up,” he said.

Below is the statement issued by Bank Negara:

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 2.75 percent. The ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 3.00 percent and 2.50 percent, respectively.

The global economy continues to expand at a moderate pace. Latest indicators and the recent dissipation of trade tensions point to improving global trade activity.

Monetary easing across major economies in the second half of 2019 has helped ease financial conditions, and is expected to continue to support economic activity.

However, downside risks remain due to geopolitical tensions and policy uncertainties in a number of countries. This could cause a resurgence of financial market volatility and weigh on the global growth outlook.

For the Malaysian economy, latest indicators and supply disruptions in commodity-related sectors point to moderate expansion of economic activity in the fourth quarter. For 2019, growth will be within the projected range.

For 2020, growth is expected to gradually improve, with continued support from household spending and better export performance.

Overall investment activity is expected to record a modest recovery, underpinned by ongoing and new projects, both in the public and private sectors.

However, downside risks to growth remain. These include uncertainty from various trade negotiations, geopolitical risks, weaker-than-expected growth of major trade partners, heightened volatility in financial markets, and domestic factors that include weakness in commodity-related sectors and delays in the implementation of projects.

Headline inflation averaged at 0.7% in 2019. In 2020, headline inflation is expected to average higher but remain modest.

The trajectory of headline inflation will be dependent on global oil and commodity price developments and the timing of the lifting of the domestic retail fuel price ceilings.

Underlying inflation is expected to remain broadly stable, reflecting the continued expansion in economic activity and the absence of strong demand pressures.

The adjustment to the OPR is a pre-emptive measure to secure the improving growth trajectory amid price stability.

At this current level of the OPR, the MPC considers the stance of monetary policy to be appropriate in sustaining economic growth with price stability.

Source: TheStar.com.my

 

Categories: Property News Tags:

PR1MA and Ideal to jointly affordable housing at Gelugor

January 22nd, 2020 1 comment
pr1ma-bukit-gelugor

Picture for illustration only

Ideal United Bintang International Bhd’s wholly-owned subsidiary Ideal Capital Venture Sdn Bhd had today signed a head of terms with PR1MA Corp Malaysia to jointly develop RM828.6 million worth of properties at Penang’s Bandar Gelugor.

In a statement to Bursa Malaysia today, Ideal United said Ideal Capital and PR1MA plans to develop some 6.5ha (about 16.24 acres) of land comprising two tracts at Bandar Gelugor.

“This development is expected to contribute positively towards the revenue and earnings of Ideal (United) in accordance with the stage of progress to be recognised over the next three to five financial years.

“The development does not entail different risks other than those applying to the existing business of Ideal (United), being property development which includes, inter alia, general business risks in relation to the industry, impact of government policies and regulation on the industry, competition and dependence of key personnel. The company will take necessary steps to mitigate the risks as and when they occur,” Ideal United said.

Find out more about PR1MA @ Bukit Gelugor

Source: EdgeProp.my

 

Categories: Property News Tags:

SITE PROGRESS: Forest Ville (Jan 2020)

January 21st, 2020 No comments

forest-ville

 

About Forest Ville

A twin towers freehold project by Ideal Property Group in Bayan Lepas, Penang. Located on an 11-acre land, the two towers were part of One Foresta affordable housing scheme located along Lengkok Kelicap. It comprises 991 condominium units with size ranging from 1,000 sq.ft. to 1,050 sq.ft. Schools, financial institutions and healthcare facilities are only short drive away.

Find out more about Forest Ville