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Penang Real Estate | Penang Property | Penang Properties: Hillside Garden Wanted
Tuesday, April 23, 2013
Penang Real Estate | Penang Property | Penang Properties: Hillside Garden Wanted
Attention: Owners of Hillside Garden Apartment,
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Penang Real Estate | Penang Property | Penang Properties: Tiara View Wanted
Attention: Owners of Tiara View Apartment,
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Penang Real Estate | Penang Property | Penang Properties: How to Sell Your House Fast in Penang
Attention: House owners in Penang,
For more information about how to sell your house fast, see the following link:-
Penang Real Estate | Penang Property | Penang Properties: How to Sell Your House Fast in Penang
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Penang Real Estate | Penang Property | Penang Properties: How to Sell Your House Fast in Penang
Friday, April 19, 2013
The retail space of Suiwah’s RM50mil Sunshine Bertam mall is fully-booked
GEORGE TOWN: Suiwah Corp Bhd's new RM50mil shopping mall in Bertam, Kepala Batas, is expected to open in June.
Group executive director Cynthia Hwangsaid the tenant-control mixed shopping mall, Sunshine Bertam, located on 2.43ha, would have some 200,000sq ft of lettable area.
“The hypermarket, called Sunshine Bertam, would occupy approximately 50,000 sq ft.
“The remaining floor space would be leased out to shops. The retail space is fully-booked,” she added.
Hwang was speaking at a press conference attended by Suiwah directors Datuk Ahmad Osman and Datuk Radzali Hassan, Sunshine Amanjaya's Datuk Rafique Abdul Karim, and Bertam Properties Sdn Bhd's Datuk Roslan Ibrahim.
Hwang said there would be four cineplexes and some 500 carpark bays.
“The size of each retail lot ranges between 200 sq ft and 1,000 sq ft.
“There will be goldsmith, florist, telecommunications, and food and beverage outlets.
Roslan says the company has sold most of the 70 units of shop-offices in the third phase.
“There would also be a karaoke and reflexology centre,” she added.
Bertam town has a population of around 100,000 people, upon which the shopping mall could depend for support.
Roslan, meanwhile, said that Sunshine Bertam was in the Bertam Perdana township. “The township is now in the third phase of development, located on a 6.47ha site, which is 60% completed.
“We have sold most of the 70 units of shop-offices in the third phase.
“The third phase should be completed in September 2013,” he said.
Roslan said Bertam Properties still had 32.37ha to 36.42ha in Bertam for commercial development, where the plan was to develop some RM200mil worth of commercial properties over a period of eight to 10 years.
“As for residential properties, we still have 202.34ha in Bertam.
“The plan is to develop some RM300mil worth of residential properties over the next eight to 10 years,” he said.
Listed in 1995, the group owns Sunshine Square, a pioneer department store and supermarket in Bayan Baru, Sunshine Farlim Shopping Mall, and Sunshine Lip Sin, a supermarket in Gelugor.
It also owns a chain of convenience stores in multi-national companies such as Kobe, Agilent, Lumileds and ASE.
The group has also diversified into manufacturing, property development and international trading. - The Star
Thursday, April 18, 2013
Penang property expo sales exceed RM100m
The Malaysian Property Expo (MAPEX) 2013 in Penang raked in over RM100 million in sales, says iProperty.com.
In a note today, the country's number one property website said with expectation of closing more property sales in coming weeks, the three-day expo, which showcased 26 reputed real estate developers and property builders, attracted thousands of property buyers and investors.
iProperty said the record expo sales figures are testimony that the appetite for properties remained strong and even far exceeded expectations in some cases.
"Among the developers that generated high sales were IJM Properties Sdn Bhd, Katana Developments Sdn Bhd, Sayang Realty and Tambun Indah Land Bhd who collectively sold close to RM50 million," it added.
In a note today, the country's number one property website said with expectation of closing more property sales in coming weeks, the three-day expo, which showcased 26 reputed real estate developers and property builders, attracted thousands of property buyers and investors.
iProperty said the record expo sales figures are testimony that the appetite for properties remained strong and even far exceeded expectations in some cases.
"Among the developers that generated high sales were IJM Properties Sdn Bhd, Katana Developments Sdn Bhd, Sayang Realty and Tambun Indah Land Bhd who collectively sold close to RM50 million," it added.
"Despite the upcoming elections and the uncertainties of the market, MAPEX 2013 proves that the love affair for property still continues," he said.
He added that this was the second time iProperty.com Malaysia has partnered with the Penang Real Estate and Housing Developers' Association (Rehda) to organise MAPEX and the confidence that regional property developers, local
estate realtors and consumers have in the iProperty.com brand is a testament to the company’s strong brand presence.
Echoing the same sentiments, Rehda Penang Chairman Datuk Jerry Chan said: "I am thrilled by the response we had at MAPEX 2013.
"Rehda Penang and iProperty.com Malaysia both share the same vision, to help home buyers find their dream homes at the most affordable prices.
"Judging from the sales that our participating developers had, we certainly achieved that vision in Penang."
Leading property experts in the industry gave tips, tricks and advice on making sound property investment decisions at the expo's seminar sessions.-- Bernama
Property market up in 2012 with 427,520 transactions worth RM142.84b
PUTRAJAYA, April 18 — The property market activity in 2012 recorded 427,520 transactions valued at RM142.84 billion, compared with 430,403 transactions worth RM137.83 billion in 2011, according to Malaysia Real Estate Market 2012. According to the report, the number of transactions decreased by 0.7 per cent while the value of transactions increased by 3.6 per cent.
"As in previous years, the residential sub-sector continues to lead the market activity, contributing 63.8 per cent of the total market," said Finance Ministry Secretary-General Datuk Seri Mohamad Irwan Serigar Abdullah after the launch of the report here today.
The report said in 2012, a total of 272,669 residential property transactions worth RM67.76 billion were recorded. "In the fourth quarter of 2012 , the All House Price Index increased to 175.3 points from 161.9 points registered in the same period in 2011," the report added.
It said the market segments by price indicated a changing scenario, whereby transactions of the lower price range properties had softened.
Compared with 2011, the transactions of houses within the price range of RM25,000 to RM150,000 declined between 3.5 per cent to 8.3 per cent. Similarly, transactions of houses in the price bracket of RM200,000 to RM250,000 dipped by 2.5 per cent.
Houses priced between RM250,000 and RM500,000 were the most active, capturing the largest share with 18.2 per cent or 49,515 transactions.
For the past four consecutive years, the demand for high-end units priced above RM500,000 continued to expand, recording 26,484 transactions in 2012 compared with 21,905 transactions in 2011.
By property type, housing units made up the majority with 82.9 per cent of the residential sub-sector's market share, whereby terraced houses remained the most popular, registering 36.4 per cent or 99,381 units of the residential transactions.
The shops sub-sector was the main contributor to the commercial sub-sector, contributing 54.5 per cent of the volume or 22,389 transactions and 49.2 per cent or RM13.67 billion of the value of transactions.
Across the board, all types of shops recorded a downturn in volume of transaction, with one to one-and-a-half storey shops recording the lowest contraction at 2.8 per cent and the highest was pre-war shops at 18.6 per cent.
Two to two-and-a-half storey shops were the most active, controlling 52.3 per cent of the shops' market share. For industrial property, the industrial sub-sector remained the least active market registering 9,984 transactions worth RM12 billion while the agricultural sub-sector recorded 80,679 transactions valued at RM14.28 billion.
The leisure property sub-sector showed further improvement, with the national average occupancy of one- to five-star hotels improving to 53.6 per cent. Irwan Siregar said 2013 was expected to be a good year for the property sector as the latest economic indicators showed that the country's growth would be able to overcome the uncertainty in the global economy.
"The implementation of various projects under the Economic Transformation Programme, 2013 Budget and 10th Malaysia Plan, will bring positive impact to the country's property sector.
"The overall performance of the property sector is expected to continue to be led by the residential sub-sector," he said.
Asked on the latest development on civil servants' housing loan, Irwan Siregar said the government was still studying the loan procedures before making the announcement at the end of this year. — Bernama
"As in previous years, the residential sub-sector continues to lead the market activity, contributing 63.8 per cent of the total market," said Finance Ministry Secretary-General Datuk Seri Mohamad Irwan Serigar Abdullah after the launch of the report here today.
The report said in 2012, a total of 272,669 residential property transactions worth RM67.76 billion were recorded. "In the fourth quarter of 2012 , the All House Price Index increased to 175.3 points from 161.9 points registered in the same period in 2011," the report added.
It said the market segments by price indicated a changing scenario, whereby transactions of the lower price range properties had softened.
Compared with 2011, the transactions of houses within the price range of RM25,000 to RM150,000 declined between 3.5 per cent to 8.3 per cent. Similarly, transactions of houses in the price bracket of RM200,000 to RM250,000 dipped by 2.5 per cent.
Houses priced between RM250,000 and RM500,000 were the most active, capturing the largest share with 18.2 per cent or 49,515 transactions.
For the past four consecutive years, the demand for high-end units priced above RM500,000 continued to expand, recording 26,484 transactions in 2012 compared with 21,905 transactions in 2011.
By property type, housing units made up the majority with 82.9 per cent of the residential sub-sector's market share, whereby terraced houses remained the most popular, registering 36.4 per cent or 99,381 units of the residential transactions.
The shops sub-sector was the main contributor to the commercial sub-sector, contributing 54.5 per cent of the volume or 22,389 transactions and 49.2 per cent or RM13.67 billion of the value of transactions.
Across the board, all types of shops recorded a downturn in volume of transaction, with one to one-and-a-half storey shops recording the lowest contraction at 2.8 per cent and the highest was pre-war shops at 18.6 per cent.
Two to two-and-a-half storey shops were the most active, controlling 52.3 per cent of the shops' market share. For industrial property, the industrial sub-sector remained the least active market registering 9,984 transactions worth RM12 billion while the agricultural sub-sector recorded 80,679 transactions valued at RM14.28 billion.
The leisure property sub-sector showed further improvement, with the national average occupancy of one- to five-star hotels improving to 53.6 per cent. Irwan Siregar said 2013 was expected to be a good year for the property sector as the latest economic indicators showed that the country's growth would be able to overcome the uncertainty in the global economy.
"The implementation of various projects under the Economic Transformation Programme, 2013 Budget and 10th Malaysia Plan, will bring positive impact to the country's property sector.
"The overall performance of the property sector is expected to continue to be led by the residential sub-sector," he said.
Asked on the latest development on civil servants' housing loan, Irwan Siregar said the government was still studying the loan procedures before making the announcement at the end of this year. — Bernama
Penang Real Estate | Penang Property | Penang Properties: Nibong Tebal Land For Sale (ML5)
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Land for sale in Seberang Perai Selatan, for more information, please click the following link:-
Penang Real Estate | Penang Property | Penang Properties: Nibong Tebal Land For Sale (ML5)
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Penang Real Estate | Penang Property | Penang Properties: The Light Point Condo For Sale (C41)
Attention: Potential buyers of The Light Point Condo,
Act now before too late. Make it yours now! Going, going, gone!
Penang Real Estate | Penang Property | Penang Properties: The Light Point Condo For Sale (C41)
Act now before too late. Make it yours now! Going, going, gone!
Penang Real Estate | Penang Property | Penang Properties: The Light Point Condo For Sale (C41)
Penang Real Estate | Penang Property | Penang Properties: Greenlane Height Wanted
Attention: Owners of Greenlane Height,
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Penang Real Estate | Penang Property | Penang Properties: Central Park Condominium Wanted
Attention: Owners of Central Park Condo,
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