Aug 21 2010, 08:42 PM, updated 15y ago
http://mystockfolio.blogspot.com/2010/08/i...worth-look.html
Ivory property listed on July in Bursa Malaysia. It has increase more than 20% since then. I think it is worth a look as it is one of the finest property stock listed in main board.
Look at its project developing http://www.ivory.com.my/
MOONLIGHT BAY (VILLA & CONDOVILLA), BATU FERRINGHI
HILLSIDE...HOMELY RETREATS
OVERVIEW
Moonlight Bay is conceived to become the ultimate retreat haven for those who seek the highest rewards in life.
All units will enjoy the security of tightly guarded fenced-in perimeter and share the generous facilities of the community clubhouse. The entire compound will be landscaped and maintained by a team of experienced professionals.
LOCATION
Batu Ferringhi, Penang.
PROJECT COMPONENT (CONDOMINIUM)
Villas
70 units of uniquely designed architecture masterpiece. The orientation of these 4-storey villas ensure every unit has the equal opportunity of the breathtaking sea view.
The gated community environment allows the gateless building design to create a unique lifestyle.
Condovilla
2 blocks of 5 storey luxury condominiums with 2 levels of basement car park are alternatives to the housing-scheme with large floor area.
FACILITIES
A clubhouse with comprehensive amenities such as water features, health facilities, green space, community hall, etc., will be available.
This luxury facility serves as an avenue for the residents to interact and enjoy their daily life.
Hill top garden with well equipped facilities like nature path, tree house, canopy walk, etc., will be a retreat for residents.
Tower links connect the clubhouse and the hill top garden. The series of linked elevators provide the residents an easy linkage between the facilities.
GDV
Approx. RM190 million
SCHEDULE
Compeletion Date - August 2010
WEBSITE
http://www.moonlightbay.com.my
----------------------------------------------------------
PENANG TIMES SQUARE, JALAN DATO' KERAMAT
THE PREMIER URBAN LIVING
OVERVIEW
Penang Times Square will be the first new age urban centre on Penang Island in the 21st century. It is conceived to be a contemporary of the best public squares all over the world but offering an urban experience unique to its locality.
LOCATION
Jalan Dato' Keramat, Georgetown, Penang.
DEVELOPMENT CONCEPT
iIt is based on an "urban village" in a city centre concept where it incorporates a diverse and comprehensive range of development that makes it a virtual self contained "village".
PROJECT COMPONENT
Phase 1 - Birch The Plaza
Condominium
Typical - 395 units
Duplex - 22 units
Shopping Complex
Retail Lots - 179 units
Phase 2 - Birch Regency
Condominium
Typical - 341 units
Penthouse - 18 units
Shopping Complex
Retail lots - 125 units
GDV
Approx. RM633.2 million
SCHEDULE
Phase 1 - Completion Date: 2008
Phase 2 - Scheduled to complete: 2010
Phase 3 - In the planning
Phase 4 - In the Planning
WEBSITE
Phase 2 - Birch Regency
Residential
Commercial
--------------------------------------------------------
10 ISLAND RESORT, BATU FERRINGHI
THE EPITOME OF LUXURY HILLSIDE LIVING IN A MODERN RESORT LIVING
OVERVIEW
Our outlook in life is inspired by our environment, a vision so important to our aspirations that is drawn from our physical environment. We hope Island Resort will inspire you as much as it has already did us.
A masterpiece of admiration with respect for the natural environment, this development is crystallized by creativity and vision, and crafted by proven expertise and skill.
Ivory Properties Group presents hillside living with a difference at Island Resort, Batu Ferringhi.
LOCATION
Located within the tourism enclave of Penang Island at Batu Ferringhi, Penang
PROJECT COMPONENT
Phase 1 - Private Recreational Club
Phase 2 - 10 Island Resort
Condominium - 266 units
Resort Villas - 15 units
Phase 3 - Bungalow
Phase 4 - 1 Island Resort
Condominium - 152 units
GDV
Approx. RM380.2 million
SCHEDULE
Phase 1 - Estimated to commence : 2009
Phase 2 - Estimated to commence : 2009
Phase 3 - Estimated to commence : 2011
Phase 4 - Estimated to commence : 2013
WEBSITE
http://www.islandresortpenang.com
-----------------------------------------------------------
THE PEAK RESIDENCES, MOUNT ERSKINE
EXTRAORDINARY HIGH RISE LIVING
LOCATION
Tanjung Tokong, a prestigious area of natural environment and appealing sea view.
DEVELOPMENT CONCEPT
IIt offers not only a new home, but a lifestyle with every amenity, amazing view and extraordinary high rise living. It is the most affordable lifestyle high end condominium at the Tanjong Tokong area. One of its exclusive features is a private garden that compliments every Garden, Executive and Penthouse suite.
PROJECT COMPONENT
Three blocks of 200 condominium units & 28 units of 2-storey commercial lots.
GDV
Approx. RM237.9 million
SCHEDULE
Estimated to commence : 2010
WEBSITE
http://www.thepeak.my
---------------------------------------
1 ISLAND RESORT, BATU FERRINGHI
THE EPITOME OF LUXURY HILLSIDE LIVING IN A MODERN RESORT LIVING
OVERVIEW
Our outlook in life is inspired by our environment, a vision so important to our aspirations that is drawn from our physical environment. We hope Island Resort will inspire you as much as it has already did us.
A masterpiece of admiration with respect for the natural environment, this development is crystallized by creativity and vision, and crafted by proven expertise and skill.
Ivory Properties Group presents hillside living with a difference at Island Resort, Batu Ferringhi.
LOCATION
Located within the tourism enclave of Penang Island at Batu Ferringhi, Penang
PROJECT COMPONENT
Phase 1 - Private Recreational Club
Phase 2 - 10 Island Resort
Condominium - 266 units
Resort Villas - 15 units
Phase 3 - Bungalow
Phase 4 - 1 Island Resort
Condominium - 152 units
GDV
Approx. RM380.2 million
SCHEDULE
Phase 1 - Estimated to commence : 2009
Phase 2 - Estimated to commence : 2009
Phase 3 - Estimated to commence : 2011
Phase 4 - Estimated to commence : 2013
WEBSITE
http://www.islandresortpenang.com
---------------------------------------------------
CITY MALL, TANJUNG TOKONG
A TOURIST THEME DESTINATION
LOCATION
The heart of Tanjung Tokong City, at Jalan Tanjung Tokong, one of the most important primary accesses of the island.
DEVELOPMENT CONCEPT
Condominiums perched above a shopping mall and retail outlets.
Almost 300,000 sq. ft. of shopping area enhanced with tropical style interior design appealing landscape elements, giant palm trees, and water features.
Open design to unsure good ventilation and natural lighting.
A Tourist Information Center a place where tourists can rest, dine, travel, and most importantly, to get any information on Penang Island.
PROJECT COMPONENT
Shopping mall, retail outlets, tourist information center, transportation hub and condominiums.
GDV
Approx. RM269.6 million
All these on going project has a GDV of RM2091million or 2.09billion
Most of these developments are located at penang, hopefully the company will expand their development in other part of our country such as Iskandar or even overseas.
Lets look at the news when it first listed:
KUALA LUMPUR: Penang-based Ivory Properties Group Bhd, which made a strong debut on the Main Market of Bursa Malaysia yesterday, hopes to expand its operations to Kuala Lumpur in the near future, said its chairman and group chief executive officer Datuk Low Eng Hock.
“Our company’s strength lies in enhancing land value and maximising its return. We have been doing this in Penang for the past 10 years, and hopefully with the success of this listing we may secure deals with landowners in Kuala Lumpur soon,” said Low.
The company posted a 15 sen premium over its offer price of RM1. Afternoon trade resulted in a high of RM1.35 before it closed 15 sen higher at RM1.30, with 51 million stocks changing hands. Ivory is the first property developer to be listed on the Main Market this year.
Low said Ivory Properties was looking to secure joint ventures with other property developers.
“We have been in joint venture deals with companies from Kuala Lumpur to develop property in Penang for the past 10 years. We are currently in talks with several companies to develop more townships as well as commercial condominiums,” added Low.
At present, the company has completed property development projects with a total gross development value (GDV) of about RM675.63mil. It has ongoing projects with a GDV of about RM834.08mil scheduled for completion within the next few years. The company also has future projects worth RM1.9bil.
Project director Murly Manokharan said the property market outlook was good at present.
“In recent months, the property market has looked good not just in Penang but in the whole of Malaysia. We have recently participated in The Star Property Fair and sales results were better compared to the past two years. I would say the (property) market is on an uptrend,” said Manokharan.
Quote
0.0145sec
0.25
7 queries
GZIP Disabled