Latest Surrounding Development

 

Camdon @ Eco Horizon

Camdon Collection is the third phase of Eco Horizon, the largest gated & guarded mixed development township by Eco World at Batu Kawan. Located within a serene neighborhood surrounded by man-made lakes and cycling tracks, complemented with a luxurious clubhouse. It is only a mere minutes drive from Second Penang Bridge with abundance ...

Sinaran Residences @ Utropolis

Sinaran Residences @ Utropolis is the residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang.  It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will only take approximately 30 ...

Sinaran Avenue @ Utropolis

Sinaran Avenue @ Utropolis is the third phase of 44.3-acre master-planned Utropolis development by Paramount Property at Batu Kawan, Penang. Strategically located along Bandar Cassia Expressway, about 5 minutes walk to Design Village outlet mall and KDU University College, the first intake of which will commerce Q1 next year. It is only 29km to the ...

UPCOMING: Batu Kawan / Paramount Property Sdn. Bhd.

Yet another proposed serviced residence by Paramount Property Sdn. Bhd. at Batu Kawan. It is the third phase of Utropolis master-planned development located between Design Village outlet mall and Aspen Vision City by Aspen Group. Walking distance to KDU University College, which is opening in 2020. This development comprises a mix ...

Brydon @ Eco Horizon

Brydon is the second precinct of the 300-acre Eco Horizon township development in Batu Kawan, surrounded by man-made lakes, cycling tracks and a luxurious clubhouse. It is strategically located stone's throw away from IKEA,  off the primary interchange linking the Second Penang Bridge to the North-South Highway. The township’s second collection ...

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Picture for illustration only

A proposed residential development by Sunguh Gemilang Sdn. Bhd. (a wholly owned subsidiary of Atta Global Group) at Butterworth, Penang. Strategically located along the ever-bustling Jalan Raja Uda, Adjacent to the Elements Garden by Oriental Max Group. It is about 15 minutes drive from Penang Bridge.

This development comprises a 14-storey condominium featuring 112 condominium units, and 8 units of 3-storey terrace houses.

The project is still in its planning stage. More details to be available upon official launch.

Project Name : Taman Cantik Permai (formerly known as Elements Residence)
Location : Raja Uda, Butterworth, Penang
Property Type : Residential
Built-up Size: (to be confirmed)
Land Area: (to be confirmed)
Total Unit: 112 (condo), 8 (3-storey terrace)
Indicative Price : RM518,000 (condo), RM1.2mil (terrace) onwards
Developer : Sunguh Gemilang Sdn. Bhd. (Atta Global Group)

Location Map:

Today, the Chief Minister of Penang YAB Chow Kon Yeow officiated the groundbreaking ceremony of GEM Soho, a freehold development of 978 units and 15 commercial shops along Jalan Baru connecting North-South Highway and Butterworth Outer Ring Road (BORR) and the future public infrastructure LRT and Monorail under the Penang Transportation Master Plan (PTMP). The groundbreaking ceremony was held at GEM Sales Gallery located on Jalan Seberang Perai.

GEM Soho – Redefining Urban Condo Living In Seberang Perai

GEM Soho is a joint development between Belleview Group and LTC Group under Regata Maju Sdn Bhd (“RMSB”) for the development of a parcel of prime land located at Jalan Baru measuring approximately 5.34 acres. This development project is the first Transit Oriented Development (TOD) in Seberang Perai for RMSB.

Poised to be the new ‘Heart’ of Seberang Perai, GEM Soho is a freehold development bearing a total gross development value (GDV) of RM600million, and will introduce a new standard of living in Seberang Perai featuring 978 units of well-designed modern living spaces housed within four residential blocks of 38-storey each – Coral, Ruby, Sapphire and Diamond. Featuring eight layout designs of one to four bedrooms, sized from 441 sq ft to 1,445 sq ft. Every elegant residence is artfully curated to pamper the senses and come with striking seaview of the Penang Bridge, Penang island and the cityscape of Butterworth and Bukit Mertajam.

The ‘GEM’ of Northern Region Malaysia

GEM Soho is optimally positioned in the heart of Seberang Prai, along the six-lane Jalan Baru connecting the North-South Expressway and Butterworth Outer Ring Road (BORR). The prime location is remarkably accessible with a short 7 minutes drive to the Penang Bridge and 30 minutes to the Penang International Airport. It is bordered by a host of amenities to provide residents with complete convenience, especially being neighbours with GEM Mall, the largest shopping mall in the Northern Region Malaysia.

With a comprehensive pipeline of public infrastructure announced under the Penang Transport Master Plan (PTMP), linking both Penang island and Seberang Perai via LRT and Monorail for better convenience and connectivity, GEM Soho will be the first Transit Oriented Development (TOD) in Seberang Perai. Transit Oriented Development is an exciting fast growing trend in creating vibrant, livable, sustainable communities. Also known as TOD, it’s the creation of compact, walkable, pedestrian-oriented, mixed-use communities centered around high quality train systems.

With a targeted completion in year 2022, GEM Soho stands as the new star address for the local and foreigner investors. Managing Director of Belleview Group Dato Sonny Ho said there are demands for homes and investment in Seberang Perai.

Managing Director of Belleview Group Dato Sonny Ho emphasise that “GEM development will transform Seberang Perai with modern living standards, mega shopping experiences and impressive 4-star hotel facilities”. “We are very pleased with the joint effort of Belleview Group and LTC Group to bring GEM Soho to life. We are optimistic that GEM will be well received by locals and foreigners with its unique features that is centred around conveniences, strong selling attributes, attractive pricing and announced public transportation plans for Seberang Perai. In addition, with an average selling price of RM500 per square foot onwards and RM500k threshold for foreigners to purchase urban high-rise properties in Seberang Perai only, I am confident that this will attract local and foreigner interest adding a huge boost to the economic development of Seberang Perai city,” he said.

He added that the collaboration with LTC Group would further heighten the quality of property development and living standards in Seberang Perai, transforming the city into a more livable city.

Artist impression of Sunway Valley City at Paya Terubong

Sunway Bhd’s property division, Sunway Property has set a sales target of RM2 billion in 2020. It has recorded RM1.55 billion in sales in 2019 surpassing the year’s target of RM1.3 billion. Unbilled sales stood at RM2.8 billion to date.

Speaking at a media briefing yesterday, Sunway Bhd property division managing director Sarena Cheah said Sunway Property will be launching properties worth almost RM3.5 billion in gross development value (GDV) this year. Of that amount, 70% (RM2.4 billion) will be properties in Singapore while RM1 billion will be projects in Malaysia.

“We target a sales number of RM2 billion or more depending on how the market is doing. We are a bit more conservative for the Malaysian side, depending on how it goes,” said Cheah.

“Both local and international properties are expected to contribute about 50:50 to the sales target for the year. But there is a potential for the international segment (especially Singapore) to contribute slightly more given the stronger currency,” she added.

In Singapore, Sunway Property will be launching three residential properties worth RM2.4 billion – Parc Canberra, Ki Residence and Park Avenue Residences. It will also be making headways into China, UK and Australia as well.

In terms of land banking activities, Cheah said Sunway Property aims to be “more aggressive” in acquisitions this year both in Malaysia and overseas after acquiring about 33 acres of land last year worth slightly over RM4 billion.

Here’s what’s in store for the year:

“A majority of launches in Malaysia this year would be priced from RM600,000 – RM800,000. We believe (the pricing) would be a sweet spot for the majority of the population as we have seen encouraging take-ups from our recent launches of around the price range,” explained Cheah.

Meanwhile in Penang, the developer will launch its first commercial offering in the state, the 25-acre Sunway Valley City. The development has a GDV of RM2.4 billion and will be located in Paya Terubong, Ayer Itam. Currently, Sunway Medical Centre Seberang Jaya is being built.

For the Klang Valley, several launches are planned for 2020 – worth some RM691 million. These include Sunway Avila Retail (retail shops), serviced apartments at Sunway Velocity TWO Tower C and Sunway Belfield Tower A.

Besides that, RM573 million in investment properties consisting of an office tower and the expansion of a student accommodation are currently under construction at Sunway City Kuala Lumpur.

Down south in Johor, the developer will be launching Sunway Maple townhouses (GDV: RM100 million) while the 288-room hotel Sunway Big Box Hotel is set to be completed this year.

Source: EdgeProp.my

After the recent breakdown of the funicular train to Penang Hill, the state government resolved to implement an alternative way to ascend the hill, which is through a modern cable car that connects the summit with the Penang Botanic Gardens.

This link will be among several infrastructure projects expected to take off this year besides the Light Rail Transit and the Penang South Reclamation – both of them integral parts of the RM46bil Penang Transport Master Plan.

He emphasised that the need for an alternative to the funicular hill railway became very obvious right after the King and Queen used it on Dec 21 on their maiden official visit to Penang.

“At that juncture, the need for an alternative transport is very important. Of course, there is the road to cater to four-wheel-drives, ” he noted.

Any decision regarding the development of the Penang Hill cable car project will be made once the pre-feasibility study is completed.

Chief Minister Chow Kon Yeow said currently the pre-feasibility study of the cable project is still ongoing.

“The study has to be completed first and only after that, we will have a better idea whether the project is feasible or not,” Chow told a press conference in Komtar today.

Under Budget 2020, the Federal Government announced RM100mil for the development of the Penang Hill cable car system.

In dialogue sessions with stakeholders, Chow had earlier said he expected eight to 10 pylons would be needed to support the network, which links the summit to a “station outside the gates of the Botanic Gardens, near Penang Rifle Club”.

At the hilltop, the plan is to have the station near the entrance to the Habitat, a nature park with elevated walkways through the forest canopy.

Chow believes the project will generate growth for the tourism sector and create job opportunities for the people.

On the concern that the hilltop would be overcrowded, Chow said that under the Special Area Plan for Penang Hill, it could comfortably hold about 4,500 people at any one time.

“Rightly, the funicular train itself is a mechanism to control the number of visitors at the hilltop. You can only allow 100 people up the hill every five minutes.

“If I don’t like so many people up there, I can always slow down the train and lengthen the waiting time. It is possible to control the holding capacity of the hill, ” said Chow.

The chief minister also suggested that enhancing the walk up the hill has a role to play in managing overcrowding at the funicular railway stations, especially the upper station.

“If we continue to make our walking track more attractive, I think people need not have to congregate just at the upper station alone.

“They can actually enjoy Penang Hill by talking a walk of a few kilometres up the hill while appreciating nature along the way.

“The crowd will be spread out at other attractions throughout the hill and this will lessen the impact on the upper station, ” he said.

Chow added that the hill has also evolved over the years, particularly at the lower station.

“There is a world of difference compared to 20 years ago. Now, it can hold 1,000 people compared with just about 200 many years ago.

“With the cable car as an alternative mode, we can cater to a bigger crowd, ” he said.

Source: TheStar.com.my

Yet another affordable housing development planned near Jalan Betek in Bukit Mertajam. Proposed by JSC Infraland Sdn. Bhd, this development is located along Lorong Tembikai 8, next to Woodlands Park affordable housing scheme by PTL Properties Sdn. Bhd.  It just a stone’s throw away from SJK(C) Keow Kuang Primary School, with easy access to nearby amenities which include banks, famous eateries, markets and shopping mall.

This development comprises a 24-storey residential building, featuring 176 affordable units with a standard built-up size of 859 sq.ft. The units are to be priced below RM250,000.

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

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Project Name: (to be confirmed)
Location : Bukit Mertajam
Property Type : Affordable Housing
Built-up Size: 859 sq.ft.
Total Units: 176
Indicative Price: RM250,000
Developer : JSC Infraland Sdn. Bhd.

Location Map:

The Ministry of Housing and Local Government is planning to mould Perbadanan PR1MA Malaysia (PR1MA) into a national housing corporation to ensure a centralised and standardised housing industry for easy monitoring and enforcement, among others.

Its minister Zuraida Kamaruddin in brushing off the allegation that PR1MA would be dissolved soon said the government was looking at the way forward for the corporation where housing projects under the education and defence ministries, respectively as well as Felda’s new generation would be placed under PR1MA.

Current and upcoming PR1MA projects in Penang

Residensi Permatang Pauh

Residensi Permatang Pauh, formerly known as PR1MA affordable housing in mainland Penang, undertaken by Excel Focus Properties Sdn. Bhd. Strategically located within the established township of Permatang Pauh, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya. The proposed ...

Residensi Batu Ferringhi

Residensi Batu Ferringhi, formerly known as PR1MA affordable housing, is strategically located along Jalan Sungai Satu in Batu Ferringhi, just a stone's throw away from the Ferringhi Residence housing scheme by Mah Sing Group. This development project comprises 3 blocks of 32-storey building, offering a total 1,248 affordable units in ...

PR1MA @ Bukit Gelugor

One of the first few PR1MA affordable housing approved in Penang. This development is strategically located on Kampung Kastam land near the intersection of Jalan Bukit Gambier and Jalan Lembah, undertaken by Ideal Capital Venture Sdn. Bhd. It's only less than 2km away from University Science Malaysia (USM), neighbouring communities include Centrio ...

Source: EdgeProp.my

Artist impression – Gurney Wharf promenade

The Penang government will be appointing a project manager this month to help in overseeing the running of the newly-reclaimed Gurney Wharf.

Chief Minister Chow Kon Yeow said they should be able to appoint the manager in the next one or two weeks.

“We’re targeting the appointment of the project manager to assist the government to create the Gurney Wharf,” Chow told a press conference after officiating the UOW Malaysia KDU Assemble Final Year Exhibition 2020 at 1st Avenue in George Town today.

“The reclamation of the side of Gurney Drive is 131 acres but only about 40 over acres will be used for the green area. The rest are for road reserves and other parts of the land to be given to Zenith Consortium for the project.

Find out more about Gurney Wharf

“It will be followed by the appointment of lead consultant who will take a few months to come out with the design to call for the tender for various contractors to start work maybe in July or August. So, the actual work of planting trees will probably start around July.”

Chow also revealed that the state government would announce the five finalists of the Penang South Islands Masterplan Design Competition next week.

“The five finalists will start their design work from January to April. So, in April, we will have a public exhibition of their works,” he added.

The competition initially attracted applications from 125 firms from 25 countries, out of which 27 of the world’s leading architects and town planners from about 10 countries were shortlisted for the second stage, called the ‘Expression of Interest’ stage.

Chow said one of the conditions for all the consortiums taking part was that they must be represented by a Malaysian architect or town planner.

The winner of the competition chosen by the Master Jury panel will be appointed by the state as the Lead Master Plan Designer, subject to terms and conditions.

Source: Buletin Mutiara

Artist Impression

The development of the Swettenham Pier Cruise Terminal (SPCT) over four phases at RM500 million will begin next month, Finance Minister Lim Guan Eng said today.

He said it would begin with the most important component – the extension of the existing berth –

to enable the terminal to berth two mega cruise vessels at any given time, carrying 10,000 passengers and crew members each along with a host of infrastructures.

He said the first phase, for RM150 million, was a collaboration between Penang Port Sdn Bhd (PPSB) and private investment.

Lim added that upon completion within 24 to 36 months, it would increase the foreign visitors to the state from the current 500,000 capacity annually to 3 million.

“This is a very important phase in efforts to woo more foreign visitors to the state. As it is, the port here is the top port in the whole of the country for last year used for international transits.

“With the development in place, this will further boost the state’s cruising sector, which will see multiplier efforts,” he said after a working visit to the SPCT here this afternoon.

Earlier, he was briefed on the port’s development by Penang Port Commission (PPC) chairman Jeffrey Chew and PPSB chief executive officer Sasedharan Vasudevan.

Last year, Malaysia was in third place in Asia after Japan and mainland China in terms of cruise deployment and capacity.

The entire four-phase development, at a 2.83ha site, is expected to be completed by 2025.

Meanwhile, Lim said as part of the development, there would be two duty-free shops within the SPCT, with one already in operation selling chocolates and perfume.

He said this was in line with the announcement made during the tabling of the 2019 Budget.

“For now, PPSB is in the process of applying for the necessary licence from the Customs Department to enable more duty-free items to be sold.

“We are looking at turning the whole area into a free commercial zone in future,” he said.

Source: NST Online

Penang-based Aspen Group, a property development and real estate investment group, is looking into developing a digital platform for the Vertu Resort residential development management team in Batu Kawan, Penang to prevent their units from being used for AirBnB.

The Vertu Resort, a resort-inspired residential development, is one of Aspen’s current ongoing residential development projects in Batu Kawan.

Group president and chief executive officer (CEO) Datuk M. Murly today said that the platform would be used to compile a database of registered tenants for the residential development properties, which would be convenient for the management team to identify which units are occupied or vacant.

“The residential units in Vertu Resort are only for tenants who have registered to stay for at least six months, not to be used in AirBnB for short-term stay,” he told Bernama at Vervea Trade and Exhibition Centre (VTEC) Batu Kawan here.

He said that the platform would also be used to verify residents who enter the premises through sophisticated security systems such as optic retina scan, thumbprint scan and radio-frequency identification (RFID).

He also said that an eConcierge app would also be available for the residents there to make reservations for inbound e-hailing services, book public facilities and make e-payments with the residential development management team.

“What we are trying to do is not to constrain (the residents) too much, but to make a quick and convenient way for the management,” he said.

Earlier, Murly introduced several lifestyle enhancements for Vertu Resort aimed at providing residents a more enjoyable and wholesome living environment.

According to him, the enhancements focus on four main pillars, namely technological advancements, sustainable practices, innovative breakthroughs and security upgrades.

“All these lifestyle enhancements will be standardised throughout Aspen Group’s future residential development projects,” he said.

He said that one of the biggest challenges in introducing the enhancements was the cost, as approximately RM15 million had already been invested in them.

However, he believed that the future value would make the investment in Vertu Resort worthwhile.

“As a new (Bandar Cassia) township in Batu Kawan, we would want to give a compelling reason for the home buyers to call it a home.

“Despite all these added enhancements, there will be no additional maintenance fee incurred for the residents,” he said, noting that an additional fee would be charged if the residents use on-demand facilities.

The Vertu Resort key handover ceremony is expected to be held by the end of 2020.

Source: Bernama

Kerjaya Prospek’s wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award worth RM617 million from Aspen Vision City Sdn Bhd to develop a proposed apartment project known as “VIVO” and “VIIO” in Penang.

Aspen Vision City is an indirect subsidiary of Aspen (Group) Holdings Limited and joint venture company between Aspen Group and IKEA Southeast Asia.

In a statement, Kerjaya Prospek said the contract value represents half of its order book target of RM1.2 billion for the whole of FY2019.

Kerjaya’s executive chairman Datuk Tee Eng Ho said the contract demonstrates Kerjaya’s growing reputation as a contractor of choice in delivering high quality projects.

““We are off to a great start in 2020. Kerjaya has a long working history with Aspen and is proud to have been awarded this contract by Aspen, a reputable player in the property development industry, for our first contract for this year.

“I am excited for the coming years ahead as we seek to deliver earnings growth with our outstanding order book of approximately RM3.5 billion to-date. The Group will continue to aggressively tender for new works and expect positive outcomes from these tendering activities in due course,” he said

The project is situated in a prime location within Aspen Vision City, and is split into two phases.

The first phase “VIVO”, worth RM365 million, entails piling, pile cap works and main building works for the development of 1,530 executive apartments, 14 units of shops, car park podium and common facilities.

The construction works will take 38 months from its scheduled commencement on Feb 14 2020 and slated for completion by April 2023.

The second phase “VIIO”, worth RM252 million, entails piling, pile cap works and main building works for the development of 980 executive apartments, 9 units of shops, car parking podium and common facilities.

The construction works of VIIO shall be completed within 36 months from a commencement date which has yet to be determined.

Source: TheSunDaily.my

It is happening this weekend! You are cordially invited to the Chinese New Year open house at The Sun Showroom @ Sungai Nibong and grab an Ang Pow worth RM8,888.

18 & 19 January 2020 (Saturday & Sunday), 10am – 5pm

VENUE
The Sun Showroom @ Sungai Nibong
(Opposite SJKC Kwang Hwa at Sungai Nibong, Penang)

The urban population of the world has grown to 4.2 billion in 2018 and 54% of the world’s urban population resides in Asia.

Despite its relatively lower level of urbanisation, it is where the world’s most densely populated cities are located.

Combined with the impacts from global climate change and extreme weather, sustainable urban development must be the way forward.

Chief Minister Chow Kon Yeow delivered the powerful message during the 3rd Green Cities Forum at Royale Chulan Penang today.

The theme of the forum was Sustainable Urban Development of Coastal Cities.

Chow said that Penang consists of Penang island and Seberang Perai.

“Both are coastal cities. Their local councils face similar yet different challenges.

“Therefore, the development strategies as well as the urban governance challenges vary between the two city councils.

“It is important for cities to be planned based on its unique characteristics. I am a strong believer that a sustainable city relies very much on its citizens.

“It is crucial to consider the social wellbeing of the citizens, a family-focused plan with green initiatives and smart innovations in every policy that is planned,” Chow said in his speech.

Asian Development Bank (ADB) regional cooperation and operations coordination division, Southeast Asia Regional Department director Alfredo Perdiguero stressed the importance of countries working together to achieve a common sustainable goal.

“Cities are the key economic growth in Asia. It is crucial for us to work and act together. In this forum, we discover how to develop holistic plans to make cities more resilient,” he said.

The 3rd Green Cities Forum was organised under the framework of the Green Cities Initiatives of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA), and the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT).

The two-day forum, which was organised by the Penang Institute and ADB, ends today (Jan 14).

Also present were State Secretary Datuk Abdul Razak Jaafar, state Works, Utilities and Flood Mitigation Committee chairman Zairil Khir Johari and Penang Institute chief operating officer Ong Siou Woon.

Source: Buletin Mutiara

Following the impression take-up rate of  Vivo Executive Apartment, Aspen Group will be launching the second phase – Viio Executive Apartment (also known as Vivo 2) within the same vicinity this year. Like Vivo, this development will enjoy the benefit of being near to the upcoming Integrated Shopping Mall and walking distance to Central Island Park.

The project comprises two blocks of 46 and 48-storey buildings, featuring 980 apartment units and 9 retail shop lots. Given the successful pricing strategy in Vivo, the residential unit in the second phase is likely to have a starting price of below RM300,000.

More details to be available upon official launch.

Project Name: Viio Executive Apartment
Location: Aspen Vision City, Batu Kawan, Penang
Property Type: Executive Apartment
Built-up Size: (to be confirmed)
Total Units: 980
Land Tenure: Freehold
Indicative Price: (to be confirmed)
Estimated Completion: 2024
Developer: Aspen Vision City Sdn. Bhd. (Aspen Group)

Location Map:

The Home Ownership Campaign (HOC) 2019 cleared some RM23.2 billion worth of houses, surpassing the initial target of RM17 billion.

Housing and Local Government Minister Zuraida Kamaruddin (picture) said the programme managed to clear 31,415 residential units developed by federal and state governments, and private builders.

“This is above our target. The private developers are very satisfied with HOC because it helped and encouraged them to ease their overhang units.

“They said they can offer their own discounts for buyers without HOC after this, so they can further minimise their losses,” Zuraida told a media conference in Putrajaya yesterday.

The HOC, which also provided ancillary support and services including financing schemes and legal assistance for property buyers, was designed to alleviate the RM20 billion overhang in the sluggish residential property market.

Under the scheme, which was also supported by various home exhibitions throughout the nation, houses with HOC certificate also enjoyed various stamp duty exemptions and discounts.

Last September, Zuraida said HOC could help sell at least 25,000 homes worth RM17 billion.

She said the latest RM23.2 billion was the figure recorded as at last November.

“As such, the latest, up to December, could be higher. We also allowed pre-December bookings to be part of the scheme even if the loan approvals were obtained later,” she added.

As of the first half of 2019, residential property overhang was valued at RM19.76 billion of 32,810 unsold houses.

The highest overhang was for houses that were priced between RM200,000 and RM300,000, with a total of 4,912 unsold units, according to the National Property Information Centre.

According to the HOC sales breakdown sighted by The Malaysian Reserve, 507 residential units sold were priced below RM300,000. Previously, those houses were tagged at above RM300,000.

The data also showed that houses priced between RM300,000 and RM599,999 recorded the most take-up, with 17,217 units (54.8%) transacted, followed by houses that were priced between RM600,000 and RM999,999, with 10,970 units (34.92%) sold.

Prior to the HOC, houses ranged between RM600,000 and RM999,999 dominated the list with 43.95%, or 13,808 units offered. During the campaign, most of the houses sold were located in Selangor (12,947 units), followed by Kuala Lumpur (KL) (7,282), Johor (3,592), Penang (2,370), Negri Sembilan (1,899) and Melaka (1,816).

Of the total, 5,705 units were completed units, while 25,710 were still under construction. In terms of sales generated, Selangor raked in RM8.55 billion, followed by KL (RM4.78 billion), Johor (RM2.3 billion), Penang (RM1.64 billion) and Negri Sembilan (RM1.05 billion).

According to the data, 769 developers participated in the scheme that involved 1,233 projects nationwide.

Zuraida, however, said the ministry has no intention to continue the HOC this year.

The campaign was initially planned for only six months from January 2019, before it was extended till the year-end due to good response from house buyers and developers.

Zuraida said the ministry is currently conducting a six-month study to re-examine the overall housing industry and market sentiment.

“We could do another incentive programme to clear up unsold units, if the overhang is still high,” she said.

Source: TheMalaysiaReserve.com

Marminton Homes, a residential development by Sunguh Gemilang Sdn. Bhd. (a wholly owned subsidiary of Atta Global Group) at Butterworth, Penang. Strategically located along the ever-bustling Jalan Raja Uda, Adjacent to the Elements Garden by Oriental Max Group. It is about 15 minutes drive from Penang Bridge.

This development comprises a 14-storey condominium featuring 112 condominium units, and 8 units of 3-storey terrace houses.

The project is still in its planning stage. More details to be available upon official launch.

Project Name : Marminton Homes
Location : Raja Uda, Butterworth, Penang
Property Type : Residential
Built-up Size: (to be confirmed)
Land Area: (to be confirmed)
Total Unit: 112 (condo), 8 (3-storey terrace)
Indicative Price : RM518,000 (condo), RM1.2mil (terrace) onwards
Developer : Sunguh Gemilang Sdn. Bhd. (Atta Global Group)

Location Map:

Mark your calendars on the 27th January – 2nd February 2020 for the one and only Property Queen Chinese New Year Property Fair 2020 at Queensbay Mall, Gurney Plaza and Sunway Carnival Mall. Now is the right time to shop for the best property in Penang! Don’t miss this golden opportunity and we will see you there!

Property Queen also invited our local radio announcer, Cynthia from 988 to grace the event at Queensbay Mall and Gurney Plaza on the 27th of January 2020. Make sure to drop by and meet her in person! Other than that, there will be a series of activities happening at Queensbay Mall, such as the lion dance performance, 24 festive drums performance, God of Prosperity appearance, mandarin orange give away, mask changing performance and more! Register, Like & Share Property Queen Facebook page and event page to redeem exclusive Property Queen Magazine and eco-friendly straws, while stocks last only!

PHOTOS: Property Queen CNY Expo 2019

About M Vista @ Southbay

A low density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge.

This development features 237 residential units with built-up size ranges from 534 sq.ft. to 1,201 sq.ft.

Find out more about M Vista @ Southbay

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 open house organised by developers. Enjoy the refreshments, lion dances, kids activities, lucky draw ang pao, CNY gifts and live performances while searching for your dream home.

SEPAKAT MEWAH (18 & 19 JAN)

The Sun Condominium Chinese New Year Open House. Grab and Ang Pow worth RM888 during this event!

RUNNYMEDE GROUP (28-30 JAN)

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

ASPEN GROUP (27 JAN – 2 FEB)

Exciting activities awaits you at 3 locations! Click here for more info about
ASPENORMOUS 2020

MTT PROPERTIES (22 JAN – 9 FEB)

Hottest Rat year bonus up for grab!

COSMOPOLITON HOMES (27 JAN)

Urban Suites show unit is now ready for viewing. Call now to make appointment!

PROPERTY QUEEN (27 JAN – 2 FEB)

CNY Property Fair 2020 at Queensbay Mall, Gurney Plaza and Sunway Carnival Mall.

PARAMOUNT PROPERTY (1 FEB)

CNY Open House Paramount Property New Gallery @ Utropolis Batu Kawan

MAH SING GROUP

Start the New Year right with the home of your dream Click here for more info about
Homes of Prosperity

AMAN SETIA GROUP

Valencia Residence - Show gallery open for viewing during Chinese New Year!

TGB GROUP (27 JAN – 2 FEB)

Celesta Residence - Super low density condominium with only 86 units

Proposed high-rise luxury development by Tropicana Ivory Sdn. Bhd. (now owned by Hemat Tuah Sdn Bhd) at Bayan Mutiara. Strategically situated along Persiaran Bayan Indah, near the same land parcel where the Penang World City Show Gallery is located.  It is only a mere minutes drive to Queensbay Mall,  surrounded by several existing and new housing schemes which include Tropicans Bay Residences, QuayWest Residence, Putra Place, Putra Marine and a few others.

This development comprises one block of 28-storey serviced residence featuring 158 residential units with 4 levels of car parking podium. There will be 5 levels of facilities, which include root-top.

The project is still in its planning stage and pending for approval. More details to be available upon official launch.

Project Name: (to be confirmed)
Location : Bayan Mutiara, Penang
Property Type : Serviced residence
Land Tenure : (to be confirmed)
Total Units: 158 (residential)
Built-up Area : (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Tropicana Ivory Sdn. Bhd.

Location Map (approximate):