Friday, May 31, 2013

Penang Real Estate | Penang Property | Penang Properties: Putra Marine Resort Condominium For Sale (C56)

If you are seriously looking for a lifestyle condo in Penang, you may consider this lovely condo, Putra Marine Resort Condominium.

Big in size but small in budget. Not only that it has a fantastic seaview.
A beachfront condo at prime location
2500 sf for only RM1.42mil or less than RM600psf
Even the new launching and not so good in term of quality and location selling more expensive than this.
So why wait? Contact us to view now.

Seeing is buying.

For more information, kindly click on the following link:-

Penang Real Estate | Penang Property | Penang Properties: Putra Marine Resort Condominium For Sale (C56)

Thursday, May 30, 2013

Penang Real Estate | Penang Property | Penang Properties: Greenlane Terrace House Wanted

Attention: Owners of Terrace House in these areas - Island Park, Island Glades, Green Garden, Eastern Garden & Greenlane,

If you are selling, please feel free to contact us to further discuss.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Greenlane Terrace House Wanted

Penang Real Estate | Penang Property | Penang Properties: Taman Pekaka Block 31 Wanted


Attention: Owners of Taman Pekaka Block 31, Tanjung Tokong, Penang

If you are serious to sell your house at Taman Pekaka Block 31, Tanjung Tokong, Penang, kindly contact us asap.

For more information, please click the following link:-


Penang Real Estate | Penang Property | Penang Properties: Taman Pekaka Block 31 Wanted

Penang Real Estate | Penang Property | Penang Properties: E & O Seri Tanjung Pinang Ariza Courtyard Homes Wanted


Attention: Owners of E & O Seri Tanjung Pinang Ariza Courtyard Homes, Tanjung Tokong, Penang

If you are serious to sell your house at E & O Seri Tanjung Pinang Ariza Courtyard Homes, Tanjung Tokong, Penang, kindly contact us asap.

For more information, please click the following link:-


Penang Real Estate | Penang Property | Penang Properties: E & O Seri Tanjung Pinang Ariza Courtyard Homes Wanted

Penang Real Estate | Penang Property | Penang Properties: Suite at Straits Quay Wanted


Attention: Owners of Suite at Straits Quay, Tanjung Tokong, Penang

If you are serious to sell your house at Suite at Straits Quay, Tanjung Tokong, Penang, kindly contact us asap.

For more information, please click the following link:-


Penang Real Estate | Penang Property | Penang Properties: Suite at Straits Quay Wanted

Penang Real Estate | Penang Property | Penang Properties: Quayside Seafront Resort Condominium Wanted

Attention: Owners of Quayside Seafront Resort Condomium, Tanjung Tokong, Penang

If you are serious to sell your house at Quayside Seafront Resort Condominium, Tanjung Tokong, Penang, kindly contact us asap.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Quayside Seafront Resort Condominium Wanted

Tuesday, May 28, 2013

Penang Real Estate | Penang Property | Penang Properties: New Factory at Sungai Tiram, Bayan Lepas Wanted

Attention: Owners of factory in Sungai Tiram, Bayan Lepas, Penang

For those who wish to sell his factory in Sungai Tiram, Bayan Lepas, Penang, kindly contact us.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: New Factory at Sungai Tiram, Bayan Lepas Wanted

Penang Real Estate | Penang Property | Penang Properties: Georgetown Land For Sale (L10)

Rare opportunity ought not to be missed.

A flat land along Jalan Barrack, Georgetown, Penang for sale.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Georgetown Land For Sale (L10)

实现大马第二家园梦 《光华》为中国民众传递资讯


(深圳特派)《光华日报》第8次在深圳承办文博会,这一回最与众不同的是,《光华》要把梦带给中国的民众,冀望中国民众通过这次的文博会,可以把“家”带到大马去,实现“第二家园”的梦想。
由中国深圳文化部、商务部、国家新闻出版广电总局、中国贸促会、广东省政府、深圳市政府联合主办的第9届中国(深圳)国际文化产业博览交易会(简称:文博会),日前于深圳隆重举行。
这项活动是于本月17日至20日一连4天于深圳会展中心进行。
第8度参与盛会
而做为我国唯一受权承办单位的《光华日报》,也是第8度参与该盛会,这次我国承办的主题为“大马第二家园(MM2H)计划”,让有意居住在大马的中国民众,可以了解有关第二家园更多的详情及计划。
4知名产业公司参与
为了让中国的民众更加了解何为“第二家园”,本报这一次带领4家本地高知名度的产业公司一同参与“文博会”,以推广“大马第二家园(MM2H)计划”。
这4家产业公司皆是规模庞大的公司,包括侨丰(OSK)产业、置地通用(Land &General Berhad)、MRCB马资源机构有限公司及 IJM LAND公司。
这4家公司,在文博会的4天展览当中,除了有详细介绍本身的产业之余,同时亦派专人前往深圳详细向中国民众讲解何为“第二家园计划”,在经过讲解员的细心讲解之下,获得良好的反应,纷纷引起中国民众对大马第二家园计划的浓厚兴趣。
承办这项活动的《光华日报》于文博会的首天,在总经理准拿督李兴前、副总经理陈虹罃及地产公司高层等人的陪同下,特别诚邀了深圳报业集团副总编辑兼深圳商报副总编辑李南玲、《中山日报》社长方炳焯及本报董事拿督骆南辉等人,主持了简单又隆重的开幕仪式。
值得一提的是,马资源机构行销及销售高级经理张汉杰、销售部高级经理张文福,SQFT国际产业(马)有限公司发展商拍档置地通用(Land &General Berhad)联合发展销售与市场营销部总监林国义,特别从大马飞往深圳出席这一次的文博会。
而特别前来支持本报这项活动的嘉宾,包括深圳报业集团总经理刘明、Hunza Properties Berhad集团董事经理拿督黄丽丝、特别来宾陈明泉等人,皆出席这次的文博会。
自02年推出计划以来 中国参与人数最多
根据大马政府提供的数据显示,自2002年以来,中国是马来西亚“第二家园计划”推出以来参与人数最多的国家。单单于2012年,就有700多名中国人参加此项目并在马来西亚购置房产。
由马来西亚政府发起、组织及推广的马来西亚“第二家园计划”项目(MM2H),旨在安排外国公民和他们的配偶及孩子到马来西亚定居或享受异国退休生活。
申请者将获10年签证
申请人将获得10年期限的签证,到期后马来西亚政府保证永久续期。未满18岁未婚子女可在马来西亚国际学校接受与世界同步的国际教育。受批准的申请人享有收入或退休金免税,配偶和子女拥有医疗保险等优惠待遇。
印逾万本小册子充指南
为了让中国民众更加了解大马“第二家园计划”,本报亦特别印制逾万本的“马来西亚商业资讯录.第二家园MM2H.2013”小册子做为指南,在讲解员讲解的同时,也让中国民众更轻易了解如何申请第二家园的过程。
总成交额832亿令吉 文博会中国文化产业第一展
根据《新华网》新闻报导,第9届的深圳文博会,总成交额达1665亿人民币(832.5亿令吉),同比增长15.99%,已成为中国文化产业第一展,不断推动深圳乃至全国文化产业更好更快发展。
文博会以“贸易扬帆,文化远航”为主题,展会强化对新闻出版、影视动漫、创意设计、非物质文化遗产、文化旅游、工艺美术、书画艺术、演艺娱乐等核心层领域领军企业的集中展示,央视、华侨城集团、中国电影股份有限公司、中国出版集团、华强文化科技集团、大连万达集团等众多龙头企业云集。
在参展商方面,积极探索“以商带展,以展促商”,主动将海外展区的比例提高到10%以上,吸引了欧洲设计展团、马来西亚展团以及土耳其展团等来自10多个国家和地区超过40个海外机构参展。
在采购商方面,通过与荷中商会、马来西亚《光华日报》、世纪假日等机构合作,面向港澳台、东南亚、欧美等重点招商地区,强化了“海外直通车”招商服务。- 

Penang Real Estate | Penang Property | Penang Properties: Desa Green Apartment For Sale (A11)

Potential buyers of affordable house in Penang.

Don't miss this, good location yet the price is right.

Desa Green Apartment For Sale

For more information, kindly click the following link:

Penang Real Estate | Penang Property | Penang Properties: Desa Green Apartment For Sale (A11)

Penang Real Estate | Penang Property | Penang Properties: Land in Teluk Kumbar Wanted

Attention: Land owners in Teluk Kumbar, Penang,

We have ready buyer looking for 1 - 2 acres land in Teluk Kumbar, Penang. If you wish to sell yours, kindly contact us asap.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Land in Teluk Kumbar Wanted

Sunday, May 26, 2013

Penang Real Estate | Penang Property | Penang Properties: Platino Luxury Condo Wanted

Attention: owners of Platino Luxury Condo, Gelugor, Penang

We have buyer looking for your lovely condo of Platino. Kindly contact us if you do wish to sell yours.

For more informaiton, kindly contact the following link:-

Penang Real Estate | Penang Property | Penang Properties: Platino Luxury Condo Wanted

Penang Real Estate | Penang Property | Penang Properties: Seri Kota Wanted

Attention: Owners of Seri Kota, Georgetown, Penang

We have ready buyers. Kindly contact us asap if you wish to sell your Seri Kota Apartment.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Seri Kota Wanted

Penang Real Estate | Penang Property | Penang Properties: Commercial Building in Penang Wanted

Attention: Owners of commercial building in Penang

If you are serious in selling your commercial building in Penang, we are glad to hear from you.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Commercial Building in Penang Wanted

Saturday, May 25, 2013

Study approved plan before buying house


FIRST off is the regulation which is below.
It is mandated in the Preamble of Schedule G (landed property) of the standard sale and purchase agreement pursuant to Housing Development (Control and Licensing) Act 1966 and Housing Development (Control and Licensing) Regulations 1989, sub-regulation 11(1) that the vendor which is known as the “developer” to the masses has to provide as part of the legal documents, among others, the “approved” layout plan (to be annexed as the First Schedule) and approved building plan (to be annexed as the Second Schedule).
Similarly, Schedule H (Stratified Property) requires attachment of the “approved” 1: Site plan, 2: Layout plan, 3: Floor plan of the said parcel, 4: Storey plan of the said building (delineation of the said land comprising the said parcel), 5: Accessory parcel plan, and 6: Common facilities plan (to be collectively annexed as the First Schedule) and approved building plan (to be annexed as the Second Schedule).
This mandatory requirement has been entrenched within the Housing Development Regulations and the statutory sale and purchase agreement but has gone unnoticed by the regulatory body i.e. the Housing and Local Government Ministry and its enforcement agencies.
Why is it so important for these approved drawings to be made part of the contract obligation and condition?
There has been no shortage of complaints from the purchasers over the years on the deviations found in their end-products i.e. their completed unit of stratified apartment/condominium or landed residential house and their surrounding habitat from those represented in the sale brochure, flyers and even plans attached to the standard sale and purchase agreement signed between them and the developer.
The importance of these plans/drawings document are best described through the following scenarios.
Development of open space/future development
Purchasers ought to be aware that modern living these days involves more than purchasing a piece of subdivided land/a piece of strata apartment/condominium in the air in a scheme. What one is actually purchasing is a concept of living style which apply to all ends of the market, from low, medium cost to the high notch end, which means its surrounding environments such as open parks/field, green lungs, community hall and clubhouse, i.e. all common property and facilities are actually an inseparable part of the neighbourhood you bought.
From time to time, you will read in the reported news that the purchasers/residents of a housing scheme taking the developer to task for developing some green lung/common open spaces which they deem to be their communal common property/spaces, something which the developer would contend otherwise and that these green open spaces are part of their land reserved for future development.
How can you tell whether the developer has the right to do so?
Just imagine a piece of green lungs an open field next to your house in which you do your daily jogging and which serves as a playground for your kids suddenly after a few years down the road make way for a towering condominium right at your door step! Not an uncommon sight in some housing scheme. Just imagine you pay extra RM10,000 premium for a fronting of a green lung (unintended for development) which subsequently turned up to be a retention pond, now infested with rodents, damped area ideal for mosquitoes breeding and occasional drain water ponding and smelly water discharge and slug.
This is when the approved layout plan annexed in the First Schedule will lend credence to the disputing arguments.
The layout plan (provided it's an approved copy by the local authority) is the approved development proposal which contains, among others, the following vital information.
i) Density, in planning terms, refers to the number of houses or apartment units allowed to be constructed for a proposed development. For example, 60 units of apartment per acre has been approved for a scheme where such density quota has been used up, i.e. the exact unit of apartments per acre has been constructed. The developer is not allowed to build extra units even if there is ample land left in the scheme. The tabulation on the approved layout plan will be able to clarify the exact density and unit approved by the authority for development.
ii) Use of land and building. An approved plan will show the development mix approved by the local authority. When a scheme has been approved for a pure residential neighbourhood, for example, a developer is not allowed to build, say, an office block in an approved scheme of 50 units of semi-detached and 100 units of terrace houses without first applying and obtaining an approval from the authority for such a deviation.
Thus, a mix development comprising office towers, shophouses in a residential scheme will need to be tabled for the local authority approval before they can be developed and the same shall be required to be reflected in the approved plans.
iii) Provision of open and green spaces. The approval governs on how these open spaces allotted for the designated community activities such as playground for children, communal park and hall, places of religious worship etc are to be used. Hence once these communal facilities such as an open park are designated for public use, they cannot be converted to say another block of condominium or office tower. Thus, the importance of the layout plan comes to bear.
By the same token, if these open spaces have been designated as the green lungs, communal park, hall and facilities and even utility reserves for roads, drains, water retention and electrical works, etc, then it is prohibitive to be developed.
So, you should get inquisitive when you intend to buy a landed property next to a open land marked “future development” either in the brochure, architectural model and development plan of the scheme at the showroom if you want to avoid a condominium tower built right at your doorstep as the worst scenario illustrated above.
As your first line of your standard checking procedure, ask the sales staff for the approved layout plan from the relevant authority and that they ought to have no reason to turn down your request as such approval would have been obtained by now, or else they would not have been allowed to launch a sale, for such an approval forms part of the requisite condition for their sales permit. Why should such approved plans be shrouded with secrecy unless one has ulterior motives to hide?
These approved plans/drawings attached in the schedule must be a duplicate copy of the actual approved plan bearing the appropriate authority's seal of approval normally in the form of a stamp. Stamp like “Di Luluskan oleh Majlis Perbandaran Subang Jaya” should be visibly available on the top right hand corner of each of such plans.
Then run through these approved plans against those represented in the advertised medium and your expectation to ensure indeed they are duly “approved” for the development you have been led to believe. This will allow you to make an informed decision.
You ought to practise the same checking steps for the same plans that shall be annexed in the first schedule of the sale and purchase agreement, before signing the contract. When in doubt, please check with your own appointed independent lawyer.
This is a two-part series and the second article will appear in my next “Buyers Beware” column.
l Chang Kim Loong is the honorary secretary-general of the National House Buyers Association: www.hba.org.my, a non-profit, non-governmental organisation (NGO) manned by volunteers. He is also a NGO councillor at the Subang Jaya Municipality Council. - The Star

Friday, May 24, 2013

大马最佳景点乔治市跃升第4 槟酒店住客率或爆满


槟城23日讯)全球最大的在线旅游网站“Tripadvisor”评出,大马最佳10个景点中,槟州乔治市从以往的第7跃升到第4,对于槟州旅游业发展晋升三级,槟州旅游发展委员会主席罗兴强相信,未来一年槟州酒店住客率将“爆灯”!
他声称,乔治市文化遗产站在全马最前线,加上槟州政府大力推广槟州旅游业,国际媒体竞相报道,倘若槟民能助一臂之力,推高保护环境卫生运动,冠军宝座将会落在槟州。
他 说,随着5月25日至6月9日是学校假期,将是旅游旺季,活动陆续而来,包括浮罗山背榴梿大会(6月1日至7月31日)、花卉节(6月1日至9日)、槟城 乔治市庆典(6月7日至29日),及世界龙舟赛(6月8日、9日),并指现时几乎每一季学校假期都会出现酒店住客率爆满情况,他预言在槟州成功晋级后,未 来一年的旅游业成绩将会继续推高。
鼓励来槟取景 出资拍电影
他指出,槟州政府往后重心将朝向电影业发展,除了鼓励拍摄队伍来槟取景,州政府也会出资拍电影,日前正筹备当中。
“Tripadvisor”日前在该旅游网站公布2013年游客最佳选择的世界景点奖,马来西亚最佳10个景点排行中,吉隆坡居冠、浮罗交怡居次,亚庇第三,槟州乔治市排行第四、五至十是马六甲、古晋、山打根、新山(新入榜)、怡保及美里(新入榜)。
吉隆坡是马来半岛心脏地带,不仅是融合东方色彩与西方文明的新兴大都市,附近的云顶高原避暑地、及过去在独立广场是汇集游客最多的地方。

Thursday, May 23, 2013

Penang Real Estate | Penang Property | Penang Properties: Vantage Desiran Tanjung For Rent (S5)

Prime shoplot for rent in prime location of Tanjung Tokong.
Vantage Desiran Tanjung For Rent
800 sq ft
Got 3 units
RM4,000 per month

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Vantage Desiran Tanjung For Rent (S5)

Penang Real Estate | Penang Property | Penang Properties: Taman Sri Nibong 2.5 Storey Terrace For Sale (2.5T3)

Don't miss this if you are serious in looking for a terrace house in Penang to buy.

Taman Sri Nibong 2.5 Storey Terrace For Sale @ RM1.18mil for fully furnished unit.

Big land area of 1,800sf, good location and near all amenities.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Taman Sri Nibong 2.5 Storey Terrace For Sale (2.5T3)

Penang Real Estate | Penang Property | Penang Properties: Taman Sri Angsana Wanted

Attention: Owners of Taman Sri Angsana, Relau, Penang,

If you are keen to sell, kindly contact us asap. Kindly click the folloing link for more information:-

Penang Real Estate | Penang Property | Penang Properties: Taman Sri Angsana Wanted

Penang Real Estate | Penang Property | Penang Properties: Symphony Park For Sale (C55)

Symphony Park For Sale, 700sf, 3 rooms 2 baths, fully furnished, priced to sell.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Symphony Park For Sale (C55)

Penang Real Estate | Penang Property | Penang Properties: Desa Green Apartment For Sale (A10)

Desa Green Apartment For Sale, Only RM182,000. 700sf. Worth buying with the price.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Desa Green Apartment For Sale (A10)

Wednesday, May 22, 2013

Penang Real Estate | Penang Property | Penang Properties: 2 Permai, 3 Storey Terrace For Sale (3T11)

2 Permai 3 Storey Terrace For Sale. RM1.58mil. Big land & built-up area. 6 rooms 5 baths

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: 2 Permai, 3 Storey Terrace For Sale (3T11)

Penang Real Estate | Penang Property | Penang Properties: 2 Permai

For more information about 2 Permai, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: 2 Permai

Penang Real Estate | Penang Property | Penang Properties: The Light Linear Condominium, Corner Unit For Sale (C53)

The Light Linear Condo For Sale / For Rent,
Corner Unit, High Floor
1,539sf for only RM980,000/RM3,500

Penang Real Estate | Penang Property | Penang Properties: The Light Linear Condominium, Corner Unit For Sale (C53)

Penang Real Estate | Penang Property | Penang Properties: The Light Linear Condo With Private Garden For Sale (C54)

The Light Linear Condo For Sale, with private garden, 1766sf for only RM960,000 or less than 600psf.

Pampered yourself with this lovely condo at a bargain price! Potential of High Capital Gain with the location, quality and facilities.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: The Light Linear Condo With Private Garden For Sale (C54)

Penang Real Estate | Penang Property | Penang Properties: Bukit Dumbar Residence 3 Storey Terrace Corner For Sale (3TC2)

Prime location 3 Storey Brand New Terrace Corner For Sale in Bukit Dumbar, Penang.

Grab this golden opportunity! Limited unit!

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Bukit Dumbar Residence 3 Storey Terrace Corner For Sale (3TC2)

Penang Real Estate | Penang Property | Penang Properties: Mainland Land For Sale - Jarak (ML6)

Bag a bargain on a piece of land in Jarak, Seberang Perai Utara. Only RM3psf with legal access and tap the development potential of this land.

Opportunity knocks once! Act now before you regret!

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Mainland Land For Sale - Jarak (ML6)

Penang Real Estate | Penang Property | Penang Properties: Sunway Tunas For Sale (2T10)

Sunway Tunas 2 Storey Terrace For Sale, Bayan Baru, Penang. Prime location yet reasonable price. RM930K.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Sunway Tunas For Sale (2T10)

Tuesday, May 21, 2013

Penang Real Estate | Penang Property | Penang Properties: Tanjung Bungah 3 Storey Terrace For Sale (3T10) - Renovated

Don't miss this! 3 Storey Terrace House in Tanjung Bungah, Penang for sale at RM1.2mil. Good condition & renovated.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Tanjung Bungah 3 Storey Terrace For Sale (3T10) - Renovated

Penang Real Estate | Penang Property | Penang Properties: Nautilus Bay 3 Storey Terrace For Sale (3T9) - Renovated & Furnished

Great Deal! Bargain price! Fully renovated & furnished unit at Nautilus Bay for sale at only RM1.2 mil.

3 Storey Terrace by reputable developer, IJM.

Penang Real Estate | Penang Property | Penang Properties: Nautilus Bay 3 Storey Terrace For Sale (3T9) - Renovated & Furnished

Penang Real Estate | Penang Property | Penang Properties: Georgetown Land For Rent (L9)

Land For Rent. Along Jalan Kedah, off Jalan Burma & Jalan Transfer. Flat land about 3,000 sq ft. Priced to rent. Contact us for further discuss.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Georgetown Land For Rent (L9)

Penang Real Estate | Penang Property | Penang Properties: Marina Bay For Rent (C52)

Marina Bay Condo For Rent. Partly furnished @ RM2000. For more information, kindly click on the following link:-

Penang Real Estate | Penang Property | Penang Properties: Marina Bay For Rent (C52)

Monday, May 20, 2013

Penang Real Estate | Penang Property | Penang Properties: Balik Pulau Land For Rent (L8)

Big Land, Small Budget. 35,000 square feet for only RM3,000 per month. Along main road of Jalan Sungai Rusa, Balik Pulau, Penang. Going, going, gone! Act now before you miss the boat!

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Balik Pulau Land For Rent (L8)

Penang Real Estate | Penang Property | Penang Properties: Taman Nyaman Indah 2 Storey Terrace For Rent (2T9)

Taman Nyaman Indah Phase 3, Double Storey Terrace For Rent. Balik Pulau, Penang.

Brand new and near all amenities. RM820 per month.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Taman Nyaman Indah 2 Storey Terrace For Rent (2T9)

Penang Real Estate | Penang Property | Penang Properties: Suria Vista Townhouse For Quick Sale (TH5)

Suria Vista Townhouse for sale @ RM550,000. Paya Terubong, Penang. Brand New.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Suria Vista Townhouse For Quick Sale (TH5)

Sunday, May 19, 2013

Penang Real Estate | Penang Property | Penang Properties: The Light Linear Condo Urgently Wanted

Attention: Owner of The Light Linear Condo, Gelugor, Penang.

We have ready buyer looking for The Light Linear Condo, so if you are keen to sell, kindly contact us asap. Lower floor is ok as long as the price is right. Thanks

Penang Real Estate | Penang Property | Penang Properties: The Light Linear Condo Urgently Wanted

Penang Real Estate | Penang Property | Penang Properties: 2 Rooms Flat near Jalan Tengah, Bayan Baru Wanted

2 rooms flat near Jalan Tengah, Bayan Baru, Penang Wanted Urgently by a family. Pls contact us asap if you do have something like this for rent. Thanks

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: 2 Rooms Flat near Jalan Tengah, Bayan Baru Wanted

Saturday, May 18, 2013

Penang Real Estate | Penang Property | Penang Properties: Prewar Houses in Unesco World Heritage Site Wanted

Attention: Owner of Prewar Houses, Unesco World Heritage Site, Georgewotn, Penang,

We have buyers looking for Prewar Houses at Unesco World Heritage Site, Georgetown, thus if you are serious in selling your property there, kindly contact us now.

For more inormation, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Prewar Houses in Unesco World Heritage Site Wanted

Penang Real Estate | Penang Property | Penang Properties: Vistaria Condo For Sale or Rent (C51)

Act now before you regret! Vistaria Condo at Sungai Ara for quick sale. Renovated @ below RM500psf. Going, going, gone!

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Vistaria Condo For Sale or Rent (C51)

Penang Real Estate | Penang Property | Penang Properties: D'Residence 3 Storey Superlink For Rent (3T8)

D'Residence, Bayan Mutiara, luxury superlink for rent. Guard & gated. Prime location, near to Queensbay Mall. Renovated & furnished at only RM3,300 per month.

For more informaiton, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: D'Residence 3 Storey Superlink For Rent (3T8)

Demographics influence properties


WHERE one works may not say a lot about us, but where one hangs out will. Which takes us to the next level. Does demographics have an influence over how office buildings are planned and designed?
Property consultant YY Lau, the principal of YY Property Solutions, says the Klang Valley's changing office environment says a lot about our lifestyle and how we like to spend our time.
Let's take public transport versus private cars. Because of the poor public transportation system, most of us drive to work. So the availability of office parking is an issue.
Consider KL Sentral. That is supposed to be a transportation hub, but how often do people going there opt for public transport? Chances are, one will take the car.
So when a company chooses a location, several factors come under consideration.
“Branding, perception, budget and talent retention are important issues they have to consider,” she says.
After years of helping her clients to find their dream office space, she has learned a few things about demographics and what people want.
“The Gen-Y (those born in the 1980s and 1990s) group likes to go into prestigious offices. The older workers, the baby-boomers (1946-1955) and Gen-X (1965 and 1980) consider day-to-day issues like ease of parking, picking up the children, the cost of food around their office, the cost of commuting and the time taken.”
Lau says it is common for a job offer to be rejected or accepted based on what's around and available in the office premises, or what the office looks like.
Gen-Y's preferences for prestigious glass and steel buildings may also be an indication of where they like to hang out during and after office hours. Today, the imported coffee culture Starbucks and Coffee Bean is within the office premises, having found their way from the shopping malls to the work place.
Lau says the shortage of car parking facilities is another long-standing issue across the demographics.
A lot of young people drive. Lau says every 500 sq ft of office space is provided with one car parking bay. Sometimes, it could have one car parking bay for every 1,000 sq ft. Three to five people can occupy a 500 sq ft office. “So if your office is located near a mall, that helps,” she says.
Depending on the sector, a company may not need as much space as before. With the convenience of technology, a lot of Gen-X and Gen-Y carry that technology around today.
“If you have 20 staff members, you need 20 seats. But for consultancy work, a number of the staff may not be in the office during any part of the working day. But there is this Asian mentality they like to have ownership of a place. But we have seen how people in other countries work everybody has a trolley. And you log in.
“Some work from home. From the company's point of view, they will save in terms of phone calls and the staff will be happier but it cannot be a habit.
“The issue about not going into the office is, after a while, you lose touch and no longer feel connected. These are the issues that need to be worked out between employers and employees,” she says.
Quite a number of office blocks today also come with gym and sports facilities. Some have a pool. These are amenities enjoyed by the working community in that area and help to reduce road congestion as they do not need to drive to the gym.
Lau says the provision of a child care centre has been talked about for a while. Today, there are a few offices which provide this facility.
“The year 2012 was a dragon year which naturally saw a baby boom. Working mothers are having a hard time getting help to look after their babies. Hence, the trend today among building owners is to have a child-care centre within their premises which they outsourced to an operator,” says Lau, adding that from her conversation with employers, their preferences and need for a work-home balance have result in them giving up a lucrative job offer.
MGPA (Malaysia) Sdn Bhd general manager Patrick Liau says people want conveniences irrespective of demographics. Liau manages The Intermark, a mixed integrated development located at the intersection between Jalan Ampang and Jalan Tun Razak in downtown Kuala Lumpur.
The development is anchored by a hotel, a mall and two office blocks offering more than 1.3mil sq ft of office space. There are six retail floors of about 200,000 sq ft with a carefully selected mix of tenant to provide conveniences and services to the working and visiting community.
Jaya Groccer will provide added conveniences and the lower concourse and concourse floors provide the services. The space and how it is used, says Lau, has been carefully planned and thought out.
It's a story about transformation, not only of this place, but how an integrated development, with the office component, should work, he says.
Liau says the office floor space can be as large as 23,500 sq ft, and without columns, big enough to accommodate more than 200 people on one floor.
Studies done have shown that productivity increases when the different departments that need to work each other are located on one floor, he says. Time may be lost taking the stairs or in lifts.
Within the building, excluding external factors like location, Liau says tenants today look for three things air conditioners that work, clean toilets and well-maintained escalators and lifts.
He says the lifts at The Intermark travel at 7 metres per second, one of the fastest in Kuala Lumpur.
“You need this, when you are travelling 62 storeys,” he says. - The Star

How to choose a home loan


TO the common folk, choosing a home loan is almost as hard as choosing the property itself. If you’re currently in the midst of shopping for a home loan to buy your dream house, here are six things you should consider before making what could arguably be the biggest financial decision of your life.
1) Type of home loan
First and foremost, consider what works best for you: a traditional term loan or a flexible home loan (flexi-loan). A traditional term loan requires you to pay a fixed amount each month for the entire tenure of your home loan (eg. 30 years), while a flexi-loan gives you the option of reducing your interest whenever you wish (i.e. by saving your extra money into a linked current account. The more you save, the less interest you pay).
If you have a strict and predictable cash-flow pattern, a traditional term loan may be best. If you prefer flexibility in paying off your loan, a flexi-loan is recommended.
2) Interest rate
As with all loans, your priority should probably be to go to the bank that offers you the lowest interest rate. Let’s consider a home loan of RM500,000, over a period of 30 years. The difference in interest payment between an interest rate of 4.2% and 4.15% (i.e. a mere 0.05%) could be well over RM5,000! 3) Margin of financing (how much you can borrow)
Depending on various factors which include the value of the property as well as your standing with the bank, different banks may offer you different margins of financing. As you will be required to pay any amount not covered by the home loan upfront, this becomes very important, especially if you’re short on cash.
Let’s consider a house that costs RM500,000. You will need to pay RM100,000 upfront if your margin of financing is 80%, but you will only need to pay RM50,000 upfront if your margin of financing is 90%. 4) Lock-in period
Lock-in period is the period you will incur a penalty if you choose to pay off your home loan in full before it reaches the end of its tenure. Usually, the penalty is between 2% and 3% of the principle loan amount. When it comes to choosing a home loan, it pays to have a lock-in period that is as short as possible with a penalty that is as low as possible. Also, some banks do not charge a penalty at all if sufficient notice is given. 5) Fees & charges
A home loan application involves professional and government-regulated processes. This includes preparation and disbursement of loan agreement, payment of stamp duty and processing by the bank, just to name a few. All these processes usually come with fees and charges that will be borne by you, the buyer.
In certain cases, it may also be wholly, or partly ,borne by the banks as part of your loan package. Hence, it is best to sit down with the loan officers (with all the banks you are considering taking your home loan from) and get them to run through with you the fees and charges that will be incurred. The task may be repetitive and time-consuming, but it will be time well spent.
6) The bank
Lastly, understand that you’ll be dealing with the bank on a frequent basis for as long as your home loan is in effect (which may be 20 to 30 years). With that in mind, you should probably choose a bank you are comfortable with. Some of the things you may wish to think about include:
·Do you have an existing savings or current account with the bank (for ease of inter-account transfer)?
·Are you satisfied with their standard of service?
·Is a local branch available near your home or office?
·Do you consider the bank to be trustworthy and reliable?
·Does the bank offer value-added services that will make your life easier for the long haul?
·How is the bank’s reputation as a whole?
·Does the bank provide online banking facilities? This will allow you to pay your instalments easily.
·Is your loan officer approachable? Can you call him when you have a question?
Bearing all these in mind, good luck in finding your next home loan. nThis article is provided by www.iMoney.my which compares various loans, savings and insurance schemes available in Malaysia. - The Star

IJM’s Rimbayu project well received


WHEN IJM Land Bhd launched phase one of Rimbayu, it generated a lot of interest surprisingly because Rimbayu is located after Kota Kemuning, off the Kesas Highway from Subang Jaya.
About 18,000 registered, 2,000 came for the balloting, four times the total units available for sale. Its second phase, to be launched in July/August, will also be sold via the balloting process. There are two things to note from this.
The first is the strong interest for a township project, far though it may seem. Rimbayu is located about 20km from Summit in USJ, Petaling Jaya. Kota Kemuning is about 15km from Summit.
The second thing to note is the huge appetite for landed housing, which seems to be located further out from established areas.
Phase one was sold at RM270-RM280 per sq ft with an absolute price of about RM580,000.
The previous landed housing offering was Glomac Bhd's Lakeside in Puchong which also generated a lot of interest. Phase 2 Rimbayu, like phase one, will be a non-strata guarded development. Gated and guarded landed strata may be in phase 3, IJM Land Bhd group managing director and chief executive officer Datuk Soam Heng Choonsays.
He is also of the view that property prices will be taking a breather this year.
“Then only will it (property cycle) run a bit longer. If prices go up 0.5%, it will be more sustainable,” he says.
Nonetheless, he has noticed that cycles are getting shorter nowadays, unlike before.
“Cost of funds will remain low and the Government will not increase interest rates. So mortgage rates will remain attractive. Malaysia has a young population, so the buying should continue,” he says.
Rimbayu is a township development, offering bread-and-butter housing, which is one of IJM Land's property development forte. The other type of residential it does well is niche housing, says Soam. An example of this would be its resort-like residential project The Light in Penang.
Rimbayu and The Light will be two of four core projects the company will be focusing on in the immediate term.
Purchasers of Rimbayu are from Subang Jaya, Kota Kemuning, Puchong and Klang with 70% of the buyers expected to be owner occupiers, Soam says.
The distance aside, its main selling point would be its green concept. Comprising about 1,900 acres, the township will take 10 to 15 years to complete, depending on the economic situation, says Soam.
There is another tract of land of about 200 acres next to it. Higher end housing has been proposed there, but IJM Land's chief focus will be on the larger tract for now.
To provide better access, Soam says the company will be spending millions to improve connectivity via internal roads. The group has also proposed to build a new West Coast Expresseway linking Banting to the northern state of Perak.
The other developer in that area is Dijaya Corp Bhd, who acquired 1,172 acres. This means that in time to come, landed units will be located further out, away from the main established areas.
Rimbayu will have about 10,000 households when completed. As a comparison, Desa ParkCity has 473 acres and when completed, it will have 7,000 households, although Desa ParkCity is not a township. Rimbayu is about four times the size of Desa ParkCity. About 10% of Rimbayu will be commercial space. Conventional shophouses, a shopping complex, a community mall, serviced apartments and condominiumes will be added later on.
“We will get better value if we bring in the masses and then put in the commercial elements,” he says.
This is the strategy the masses first, followed by commercials the company is having for its Penang project The Light.
Commercial projects for The Light is in the final stages of design today. Land reclamation has just completed and physical construction is expected to start in 2014.
Light Collection
The company launched its residential developments a couple of years ago. Its Light Collection III residentials, launched in late 2012, is about 70%, of which 90% were sold to Penangites.
“The Penang market is vibrant. Property prices will hold,” he says.
Collection III comprises 20 duplex townhouses facing the sea and 170 units of condominium suites. Sea-fronting units with private jetty is priced between RM1,000 and RM1,200 per sq ft compared with non-sea front units at about RM800 per sq ft.
Collection IV will be launched next year comprising 19 units of sea-front villas.
There are currently two main mixed development projects in Penang The Light and E&O's Seri Tanjung Pinang.
Soam says there is no competition between them as both projects are on different locations with The Light next to the Penang Bridge.
On Penang prices today, he says there is no bubble.
“The situation on the island is very much like that of Hong Kong and Singapore,” he says. Hence, prices should hold, he says. Hong Kong and Singapore property prices have increased cosiderably the last several years and are among the highest in the region.
While interest is expected to continue to be vibrant in Penang and the Klang Valley, there may be some doubts about Johor. There is certainly a lot of interest there but yield is missing.
Nonetheless, IJM's foray into Johor started in the 2003 and chances are, it would have accumulated land there years ago before the current price hike.
The company also has several developments in southern Johor. Its three largest land bank would be the 1,188-acre Sebana Cove, 200-acre Nasa City, next to Taman Kempas Indah and 250 acres in Mount Austin. It bought Sebana Cove development, north of the proposed refinery and petrochemical plant in Pengerang, in 2008 from the Arab Malaysia group.
Sebana Cove is where landed housing and resort living converge while mass market housing will be suitable for the Johor Baru market, Soam says.
“Sebana Cove will be a resort development with landed housing, a golf course and a marina. We expect a community of expatriates to be there (as a result of the developments in Pengerang).”
Besides the expected growth in Pengerang, the other factor is Singapore, says Soam. The company will launch Nasa City projects, next to Kempas towards the later part of this year and Sebana Cove next year.
While the property developer has a number of ongoing developments in different states, its Pantai Sentral Park project is expected to generate much interest in the Klang Valley.
The 58-acre project is next to YTL Land's Pantai Hill Park and is close to 200 acres of green lung in Bukit Gasing. This will be a mixture of low and high-rise commercial and residential development with a GDV of RM3bil. MRT Line 2
That value will be boosted if the proposed Mass Rapid Transit Line 2, which passes through Pantai Dalam, materialises. On the company's longer term focus, Soam says IJM Land will like to diversity abroad.
“The foreign exchange rate is in our favour so it is a good opportunity for us. London is a transparent market and we can see the margins,” he says, referring to their £300mil London investment near Tower Bridge.
They are planning to launch it at the end of this year.
“We are looking for further developments there. We don't want to go in a rush, we want to cherry pick,” said Soam.
Soam say they will have 300 units with a mixture of one, two and three-room units. The company also has investments in China and Vietnam.
“For the longer term, we would like to diversify abroad, but for the immediate term, we will focus on our local projects here as 95% of our contributions are derived from within Malaysia,” says Soam. - The Star

Friday, May 17, 2013

Penang Real Estate | Penang Property | Penang Properties: Bayan Lepas SMI Facotry For Rent (F2)

Rare opportunity ought not be missed. SMI factory in Bayan Lepas for rent! The size is right. Can be used as office or production or warehouse.

For more informaiton, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Bayan Lepas SMI Facotry For Rent (F2)

Penang Real Estate | Penang Property | Penang Properties: Baystar Condominium For Rent (C57)

Sea front luxury condo for rent! Bargain price! RM4,800 per month for 2,500 sq ft. Hotel-a-like facilities.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Baystar Condominium For Rent (C57)

Penang Real Estate | Penang Property | Penang Properties: Baystar Condo For Quick Rent (C58)

Luxury condo for quick rent, conveniently located just opposite Queensbay Mall & Bayan Lepas. Move in condition.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Baystar Condo For Quick Rent (C58)

Penang Real Estate | Penang Property | Penang Properties: Batu Maung 2 Storey Semi Detached For Rent (2SD3)

Big House, Small Budget, Fully renovated & air conditioning, 5,000sf for only RM1,900 per month.

Don't wait. For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Batu Maung 2 Storey Semi Detached For Rent (2SD3)

Penang Real Estate | Penang Property | Penang Properties: Taman Kristal For Rent (C59)

Affordable condo for quick rent! Near to Gurney Drive, move in condition at RM1,250pm only. Must view.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Taman Kristal For Rent (C59)

Penang Real Estate | Penang Property | Penang Properties: Nautilus Bay 3 Storey Terrace For Sale or For Rent (3T7)

Great Deal! Seaview landed property at bargain price. Don't miss it! Must view. Contact us now.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Nautilus Bay 3 Storey Terrace For Sale or For Rent (3T7)

Penang Real Estate | Penang Property | Penang Properties: Gold Coast Condominium Wanted

Gold Coast Condo Wanted. Budget around RM600K. Anyone interested to sell? For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Gold Coast Condominium Wanted

Big turnout at preview of development in Nusajaya


THE Meridin@Medini in Iskandar Malaysia was successfully unveiled in an exclusive preview recently and the invitation-only event attracted some 1,500 visitors.
A purpose-built integrated development along Persisiran Pantai JB-Nusajaya, which is the protocol road to Kota Iskandar, The Meridin@Medini employs a live, work, relax and rejuvenate concept.
Abutting a 13ha undulating green lung, The Meridin@Medini is only four minutes from Legoland and opposite the upcoming financial centre of Medini Business.
Meanwhile, access to the Tuas-Singapore Second Link is 10 minutes away and the Senai International Airport is 25 minutes away, while the toll-free Coastal Highway shortens the distance to Nusajaya to 10 minutes.
Some 75% or 446 units, valued at RM261mil, were pre-selected during the five-hour closed-door event, reflecting investor confidence in the integrated project
Phase 1 of The Meridin@Medini comprises the three towers of Meridin Suites Residences and Meridin Walk Lifestyle Retail.
During the preview, registrants successfully pre-selected their units in Phase 1A which comprises Tower A and Tower C of the Meridin Suites Residences. There are 595 available units priced from RM387,000 with a built-up area of 521 sq ft onwards.
Out of the total, 65% of the units were selected by Malaysians, with the rest going to foreign investors.
Mah Sing group managing director and group chief executive officer Tan Sri Leong Hoy Kum said, “We are heartened by the strong turn-out. This reflects investor confidence in the product and our brand name.”
Phase 1B comprises Tower B of the Meridin Suites Residences while Phase 2 of the project comprises the Meridin Linx Small Office Versatile Offices (SoVo) and Meridin Exchange corporate towers.
Mah Sing Group executive director Datuk Lim Kiu Hock said, “With the keen interest in these properties, we are confident of equally healthy take-up for Tower B once we officially launch it. Each home is also partially furnished with air-conditioning for all bedrooms and living rooms, built-in kitchen cabinets, cooker hood and hob, wardrobes for all bedrooms and water heaters for the bathrooms.”
Complementing the suites are 30 units of lifestyle retail units with built-up areas from 850 sq ft onwards, priced from RM1,000 psf.
There has been much interest in these units, especially since companies that are eligible and commence qualifying activities before Dec 31, 2015, are able to register for IDR Status that offers a variety of tax breaks.
Leong added that The Meridin@Medini is poised to tap into the many catalytic developments within Iskandar Malaysia.
“There is something for everyone here, with prices a fraction of a mass-market condominium in Singapore.
“Buyers will not only enjoy premium lifestyle features like concierge services, a fully-equipped facilities deck and multi-tiered security features but also the provision of facilities for continued care,” he said. - The Star

Mah Sing’s Tan Sri Leong Hoy Kum is not ready to slow down yet


AS I rush towards my appointment with Tan Sri Leong Hoy Kum, I am very conscious of being late. Besides his reputation for being punctual, a quality that reportedly came from his time studying in Japan, he is the CEO of the country’s second largest property developer by annual sales — Mah Sing Group Bhd — after all.
As it turns out, he arrives slightly later than me, only because he was caught by the recent landslide in the city. When he arrives, he is brisk but personable and warm.
After wrapping up what must be one of shortest photo shoots I have ever experienced (as I said, he is quick), he sits down to say, first of all, that he is very bullish about the market.
While many have been taking in the entire drama of the recent general election, Leong has been on the move.
“I have been very busy; we are going to announce land acquisitions over the coming months,” said Leong in his raspy voice and straightforward manner.
Despite the fact that last year saw the property market’s total number of transactions fall and value increase modestly by 4%, Mah Sing’s own sales performance increased by about 11% to RM2.5bil. Leong proudly said, “We actually managed to beat the market.”
The elections are now also over, bringing with them the suspense that came with it, and the KLSE has reacted by jumping for joy. While not all stocks rose consistently, Mah Sing’s has, and its current price at the time of writing is RM2.90, the highest achieved in the last year.
“With the general election finally out of the way, investors will likely re-focus on the fundamentals of the property sector,” said a company report by CIMB Analyst which upgrades the sector from neutral to overweight (which in analyst-speak is of course positive, meaning that there is more fat to be gleaned from these stocks).
Good response: The preview for Meridin Suites Residences attracted some 1,500 visitors, many of whom were Singaporeans.Good response: The preview for Meridin Suites Residences attracted some 1,500 visitors, many of whom were Singaporeans.
“We believe that the removal of election overhang and continuity of government would aid buying sentiment,” adds AmResearch’s May market strategy report. “Pre-sales momentum also would re-accelerate... Mah Sing is fast emerging as the entrepreneur-driven proxy to the robust property market.”
“I think after the general election, most of the investors are coming back and playing catch-up,” is Leong’s own take on things.
“A lot of people, especially foreigners, were waiting for the results of the elections.”
At the same time, the company’s recent rights issue was oversubscribed, which provided the company more working capital for its projects and funds for the land that Leong has been so busy shopping for.
Iskandar is still the hottest
Researchers are particularly optimistic about the “robust outlook for residential properties in the Klang Valley and Iskandar”, as CIMB Analyst’s report goes.
“It is likely that the BN government would pursue closer ties with Singapore to develop the Iskandar area,” says AmResearch.
The region is certainly a focus for Mah Sing besides its traditional hot spots of Greater KL, Penang and Kota Kinabalu, Sabah.
“Iskandar is the hottest right now,” says Leong.
Mah Sing in fact previewed two towers within its Meridin Suites Residences project recently. It is part of the Meridin@Medini mixed development near Legoland, which also includes shops, SoVo units and corporate towers.
After a couple of private previews, three quarters of the nearly 600 units released were pre-reserved (official sales have not opened).
The units were priced from RM387,000 with built-up area ranging from 521sq ft (about RM740 or SG$310 per sq ft).
“There are 50,000 commuters travelling from Johor to Singapore daily, earning Singapore currency. So there is definitely a boom in Iskandar,” contends Leong.
He is also sanguine about the proposed Malaysia-Singapore Rapid Transit System (RTS) Link which will likely connect Johor Baru at JB Sentral with the Thomson MRT Line at Woodlands North station in 2019.
“This will improve access and property value, making it even more convenient for Singaporeans to move their investment to Iskandar or stay there.”
Mah Sing’s other projects in Johor include i-Parc factories near Port of Tanjung Pelepas, and the Sierra Perdana, Austin Perdana and Sri Pulai Perdana townships.
A total of RM2.2bil of gross development value remains to be reaped from 407 acres of land in Johor.
And will Leong acquire more land in Johor? “Definitely!” he answers confidently.
Greater KL homes priced from RM208K
Leong is also confident of Mah Sing’s product mix with a substantial number of affordable homes.
“Four to five years ago, most developers targeted higher-end properties. For the next one to two years, the trend is more towards mass market housing. We will have that, the affordable range as well as the mid to high-end.”
He cites Mah Sing’s Southville City township in Bangi which will offer 1-bedroom Savanna Executive Suites priced from RM208,000 and 3-bedroom versions priced from RM280,000. The first phase is due to launch soon.
“Our Garden Plaza suites in Cyberjaya are also being sold at a very affordable price, from RM318,800. While in Rawang, we have link houses priced below RM460,000.”
Increasing the number of foreign buyers
For 2013, Mah Sing targets its proportion of foreign buyers to increase from 10% currently to 15% to 20%.
While property markets like Hong Kong, Singapore and China are cooling down due to government measures, Malaysia’s property market will benefit with more buyers shunting their investments this way.
In fact, 35% of the Meridin Suites Residences previewed recently were taken up by foreigners from Singapore, Japan, Korea, Taiwan and Indonesia.
Several overseas roadshows are also in the works, while a new sales gallery will open in Singapore to complement Mah Sing’s sales office in Shanghai.
Ultimately, much of the company’s prospects centre around the man himself, Leong, who built the company from the plastics trading firm his father established in 1965 to the RM3bil corporation it is today.
“I’m a fighter. I’m very ambitious. I always set a high expectation for myself. I want to transform Mah Sing into a global property developer; a lasting and profitable company.”
Much of his drive was forged in humble origins. “I did not grow up in Damansara Heights,” laughs Leong. “I was born in Alor Setar and my parents moved to Kuala Lumpur at a very young age”.
Nevertheless, he considers himself a KL boy. His family lived near Jalan Ipoh where he studied at a Chinese school before going on to Methodist Boys’ School in Sentul, the alumni of which include Tan Sri Azman Hashim of AmBank Group and former MCA president Tan Koon Swan.
Would he ever cash his company shares out to a government-linked company, as several property entrepreneurs have done over the last few years?
“We’re certainly not talking with anybody,” says Leong carefully.
“I’m still the major shareholder and I will continue to drive Mah Sing. We still have a lot of room to grow. Let me continue to work harder, to drive Mah Sing to new heights.” - the Star
For more real estate news and articles, go to www.StarProperty.my. The portal also has a comprehensive listing of various properties to buy and to rent, and free listings are now offered for a limited period only.

Thursday, May 16, 2013

Penang Real Estate | Penang Property | Penang Properties: Desa Bistari Apartment Below 200K Wanted

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Penang Real Estate | Penang Property | Penang Properties: Desa Bistari Apartment Below 200K Wanted

Penang Real Estate | Penang Property | Penang Properties: Industrial Land in Perai Wanted

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Penang Real Estate | Penang Property | Penang Properties: Industrial Land in Perai Wanted

Penang Real Estate | Penang Property | Penang Properties: Suria Vista Townhouse (TH4)

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Penang Real Estate | Penang Property | Penang Properties: Suria Vista Townhouse (TH4)

Penang Real Estate | Penang Property | Penang Properties: Desa Bistari For Sale or Rent (A9)

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Penang Real Estate | Penang Property | Penang Properties: Desa Bistari For Sale or Rent (A9)

Penang Real Estate | Penang Property | Penang Properties: Greenlane 2 Storey Semi Detached For Rent (2SD1)

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Penang Real Estate | Penang Property | Penang Properties: Desa Relau Condo For Rent (C55)

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Penang Real Estate | Penang Property | Penang Properties: Scotland Villas For Sale (C56)

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Tuesday, May 14, 2013

Penang Real Estate | Penang Property | Penang Properties: Idaman Iris For Rent (C54)

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Penang Real Estate | Penang Property | Penang Properties: Idaman Iris For Rent (C54)

Penang Real Estate | Penang Property | Penang Properties: Idaman Iris For Rent (C54)

Brand new condo at Sungai Ara for quick rent. Idaman Iris, partly furnished with kitchen cabinet & 3 air conditioners. Don't miss, contact us for viewing now.

Penang Real Estate | Penang Property | Penang Properties: Idaman Iris For Rent (C54)

Monday, May 13, 2013

Penang Real Estate | Penang Property | Penang Properties: Vistaria Condo For Sale (C53) - Move In Condition

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Penang Real Estate | Penang Property | Penang Properties: Vistaria Condo For Sale (C53) - Move In Condition

Singapore’s rich growing fond of US properties


The rebounding housing market in the United States – notably in pricey markets such as Manhattan’s luxury condos – is finding fans in wealthy Singaporeans.
New projects with top-of-the-line finishes and expansive views as well as hotel-like amenities and services are a big draw now, real estate agents said.
Comprehensive statistics on purchases by Singaporeans are not publicly available in New York City records. Anecdotally, however, property agents said they had seen a tenfold increase in purchases by Singaporeans compared with two years ago.
In contrast to US buyers who are lured by the current historically low interest and mortgage rates, Singapore buyers always made their purchases in cash, said the heads of some of New York’s largest residential brokerages.
Corcoran Group president and CEO Pamela Liebman noted that among them were not only wealthy individuals, but also consortiums buying properties in bulk as investments.
Public records show that Sonsie Holdings, with a listed address of 14 Robinson Road in Singapore, bought a two-bedroom apartment in Midtown East for US$2.26mil (RM6.75mil) at end-2011.
Veteran rubber trader Oei Hong Bie purchased a Chelsea condominium from Singapore Tong Teik, the company he founded, for US$1mil (RM2.98mil) last October.
“They are attracted to the sexy properties that are going up, such as One57 in Midtown and 56 Leonard in Tribeca,” said Liebman, adding that price tags ranged anywhere from US$1mil to US$30mil (RM89.4mil).
“They love all-glass towers, with great views, preferably of Central Park, with hotel-like amenities and services.”
Dorothy Herman, president and CEO of Douglas Elliman, concurred, saying: “We have seen a steady increase of luxury buyers from Singapore over the past couple of years, snapping up anything from studios to luxury condos.” — The Straits Times / Asia News Network

Surge in Penang projects expected with the election fever finally over


Developers can now focus on new launches
<B>All systems go:</B> Developers in Penang and elsewhere in the country are now getting ready to execute their project plans for this year.All systems go: Developers in Penang and elsewhere in the country are now getting ready to execute their project plans for this year.
GEORGE TOWN: The value and volume of construction projects that will be given out this year in Penang should increase by 10%, compared with 2012.
Penang Master Builders & Building Material Dealers' Associationpresident Lim Kai Seng said the first quarter of 2012 was slow for the industry, due to the uncertainty of the general election.
“According to the latest Construction Industry Development Board Malaysia (CIDB) report, in the first quarter 2012, the volume of construction jobs from both the private and government sector awarded in Penang was only about 10% of the total volume awarded in 2011, which was 514 with a value of RM6bil.
“Normally, the figure for the first quarter of the year should be around 25% of the previous year's figure.
“The value of construction jobs awarded in the first quarter 2013 was approximately RM651mil,” he said.
About 15% of the construction jobs awarded in the first quarter 2013 for Penang came from the government sector.
“Now that the general election is over, we can expect more property launches to take off in Penang soon. This is why we are confident of more construction contracts to be awarded in Penang this year,” he said.
On construction costs, Lim said prices for building material such as cement and sand had remained stable since late last year.
“A bag of 50kg cement is still RM16.50, while the price of sand is RM40 to RM45 per cu metre, more or less the same as late last year.
“The costs of construction should remain like this till the third quarter,” he added.
To build a 1,000sq ft condominium in the south-west district of Penang today would cost around RM250,000, inclusive of land cost, Lim said.
Meanwhile, the Malaysian Institute of Estate Agents (MIEA) expects the prices of all types of strategically-located properties in the country to rise by 10% to 15% this year.
MIEA president Siva Shanker said the volume of property transactions should rise by 5% to 10 % this year.
“As the general election is now over, Malaysians with disposable income to buy properties are now in the buying mode.
“The real estate market has been getting more enquiries on properties in strategic locations the last few days after May 5, despite the complaints on the irregularities of the general election which have affected the feel-good factor,” he said.
Siva said last year, especially in the first half, there was a slowdown in the property market due to the tighter loan conditions imposed by banks.
“But now most of the people have got used to the banking guidelines for housing loan. They now have a better idea of the chances to get the kind of loan that they want, which will reduce rejection rate,” he said.
Siva said strategically-located high-end condominiums in the country, especially in Kuala Lumpur, would perform well.
“These projects used to command the interest of foreigners, but nowadays even Malay-sians are interested in buying high-end condominiums that come with lifestyle living,” he said.
According to the National Property Information Centre 2012 report, the volume of all property transactions recorded 427,520 in 2012, about a 0.7% drop from the 430,403 transactions registered in 2011.
The value of all property transactions had, however, increased by 3.6% to RM142.84bil in 2012, compared with RM137.83bil in 2011.
The volume of residential property transacted in 2012 was 272,669 with a value of RM67.76bil, compared with 269,789 with a value of RM61.8bil in 2011.
Raine & Horne Malaysia director Michael Geh said he expected property prices in Penang to rise by about 10% this year.
“There will be more property launches in the next six months, compared with a year ago. Developers in Penang are now getting ready to execute their project plans for this year.
“We expect to see large-scale launches in Batu Ferringhi in the north-east district and in Teluk Kumbar and Bayan Lepas in the south-west,” he said.
Geh said the tighter conditions on housing loans would weed out speculators, as many of them would find it more difficult to borrow, since they were already owning more than one properties.
“We expect less speculators this year and more genuine home buyers,” he added.
Geh said that although the demand for high-end condominiums had weakened slightly in Penang, their prices had not dropped.
“We can expect to see more high-end condominiums being rented out this year, plunging further the rental yield in Penang,” he said. - The Star