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Penang Property Talk, Property talk on Penang
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nexona88
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 May 28 2015, 06:43 PM
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Property developer Titijaya Land Bhd is eyeing to build a mixed development in Penang, with a gross development value (GDV) of RM2.6 billion.
Deputy group managing director Lim Poh Yit said the 20.4-acre (8.26ha) project, which is within walking distance to the south of the Second Penang Bridge, will have a total land area of 3.2 million sq ft. It will comprise four residential towers, four commercial blocks and a retail street, which will be built in three phases, said Lim.
The first phase, the residential blocks, will be launched either early next year or at the end of this year, with a GDV of RM600 million, Lim said.
For this project, Lim said Titijaya is looking to fetch between RM700 and RM800 psf. Its target buyers will mostly be self-occupied homebuyers, he said, adding that each unit will cost them between RM700,000 and RM800,000. βThe recent launch by E&O (Eastern & Oriental Bhd) of Tamarind is selling around this range, and it has been well received,β Lim told reporters
He said the commercial area, which is expected to attract food and beverage operators, will be built facing the sea.
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nexona88
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Jul 24 2015, 06:00 PM
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nexona88
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Nov 19 2015, 06:12 PM
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Mah Sing will launch three residential developments with a combined gross development value of RM1.3 billion in Penang next year.
Its senior general manager Daniel Law said the projects β Ferringhi Residence Two, condominium blocks at South Bay City in Batu Maung and Pykett, Jalan Burmah on the island β are expected to contribute about 10% to 12% to the group's sales.
"The contribution would not show much difference from the overall sales for the financial year ending Dec 31, 2015," he told a media briefing on Ferringhi Residence Two today.
He said Mah Sing will also open its RM150 million shopping mall within South Bay City for business by the middle of next year.
Law added that the retail outlets within the mall have all been sold out to locals.
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nexona88
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Dec 4 2015, 10:10 PM
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Property developer Hua Yang Bhd is proposing a mixed development with an estimated gross development value (GDV) of RM311 million in Seberang Prai, Penang, which will comprise 480 units of serviced apartments, 148 units of condominium, and 16 units of two-storey shops.
The project is located 3km from the Penang bridge
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nexona88
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Feb 26 2016, 11:07 PM
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The second tower of The Tamarind executive apartments in Penang by Eastern & Oriental Bhd (E & O) is 80% sold since its launch in late-2015, the group said in a press statement. The Tamarind comprises two towers, which sit on a seven-acre plot of freehold land -- with 552 units that have built-ups from 1,042 sq ft and priced from RM660 per sq ft.  http://www.theedgeproperty.com.my/content/...amarind-80-sold |
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nexona88
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Aug 11 2018, 11:49 AM
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nexona88
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Aug 13 2018, 02:15 PM
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QUOTE(StrawberryGirL @ Aug 13 2018, 11:54 AM) wow!!! this is super good new  Yeah.. Because state & federal government is from same parties... Previously state PH, Federal BN cannot approved it.. Political interference  |
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nexona88
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Oct 30 2018, 09:43 AM
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QUOTE(adamtayy @ Oct 30 2018, 06:24 AM) its my turn, let me share a lil .. back during 2009, we survey some houses narrow down, found 1 near batu ferringhi by plenitude heights bought it for around Rm1.6m, direct from reapfield rental wise, 2 years locked, RM4500/mth the tenant took very good care of the house & decided to rent for another 2 years @ rm4600/mth from there, we took net rental of quarter of a million, for the full 4 years Good for u Not many as lucky as u  |
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nexona88
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Nov 23 2019, 08:31 PM
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QUOTE(rahtid @ Nov 22 2019, 10:59 AM) will flood or not first? i am interested in this place too. The area is famous for floods? |
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nexona88
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Nov 27 2019, 10:53 PM
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QUOTE(rahtid @ Nov 27 2019, 10:43 PM) not really, although some northern parts of batu kawan are flood hotspots. most likely won't impact the utropolis area. checked with a friend's friend - the site was filled up 2m higher above ground, better prevention from flood. however, there seems to be a pig farms nearby? that is causing all the flies  not sure how true is that Ooh like that... Well before buying.. check out first... Don't want make bad decisions |
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nexona88
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Nov 29 2019, 04:39 PM
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Do we see any increase demand on Penang properties after some unrest in HK & the reduced cap to 600k for foreigners? Curious to know  |
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nexona88
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Nov 30 2019, 11:21 AM
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QUOTE(fleaz @ Nov 30 2019, 10:44 AM) The reduction in threshold only applies from next year onwards. Ok. How about the HK thingy? Many agents mentioned Spike in demand.. Want to know if it's true or just pure agents BS π |
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nexona88
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Apr 15 2020, 04:21 PM
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deleted
This post has been edited by nexona88: Apr 15 2020, 04:22 PM
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nexona88
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Jul 3 2020, 12:09 AM
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QUOTE(SilverEagle @ Jun 29 2020, 12:05 PM) 20 years ago rental around USM - University Height is ~RM800 per apartment, 3 rooms. What is the current rental price? I checked Mudah, now is fetching ~RM1000+/- for newer aparment. Do you see a positive return? Damn... Not much difference... Rental market is very soft... |
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nexona88
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Jul 25 2020, 12:41 PM
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QUOTE(j.feng @ Jul 15 2020, 10:12 PM) Anyone have experience of rent out affordable please advice. I wonder government will find trouble or not. I mean secretly rent out. many have done that... so nothing new esp in KL areas... Penang Also I believe happens |
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nexona88
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Jul 14 2022, 08:06 PM
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QUOTE(soulred777 @ Jul 13 2022, 09:49 PM) Any good condominium to invest in penang? Tq in advance. Your Budget? |
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nexona88
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Sep 28 2022, 10:26 AM
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QUOTE(Jimmy2022 @ Sep 28 2022, 05:18 AM)  Does anyone know what project and who is developer? Keep redeveloped old areas... Some other countries it's preserve for future reference π Here keep building high rise apartments or office.... Then oversupply situations π£ |
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nexona88
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Oct 5 2022, 06:08 PM
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QUOTE(skylinelover @ Oct 5 2022, 03:35 PM) Haha its a Malaysia thing The culture we very proud of after the korekΒ³ culture No reason we korek like a boss  Yeah right U go see others countries... All those antique building all well preserve one π |
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nexona88
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Dec 30 2022, 09:53 AM
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QUOTE(adamtayy @ Dec 3 2022, 11:24 AM) [attachmentid=11325224] [attachmentid=11325225] New, 'kang tao' Flooding area?? π€ |
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nexona88
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Mar 22 2023, 04:31 PM
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how much is "affordable" at jelutong area? |
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