MASPEX Malaysia 2013 | Penang Property | MIEA | Facts and figures about Malaysian Secondary Property Exhibition

MASPEX is the brainchild of MIEA(Malaysian Institue of Estate Agents). Penang Edition of the Malaysian Secondary Property Exhibition(MASPEX) is the 2nd in the series of nationwide establishment. 

Fundamental analysis from JPPH data are showing that 70% transaction of residential property is made up of secondary market with the balance contributed by primary market(new project).

At this point of writing the MASPEX 2013(Penang Edition) is currently underway at:

Location: Penang Times Square

Time: 10am to 10pm

Date: 27-29 Sept 2013

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

PS: Pictures of MASPEX(Penang Edition) been contributioned by VulcanInternational while Facts and Figures been contributed by MIEA/JPPH.

VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Penang iProperty | Beverly Hills Bungalow At Tanjung Bungah For Sale, Penang Malaysia

Beverly Hills bungalows are situated at Tanjung Bungah, Penang Malaysia for sale. It's ideally located in midway between Georgetown and Batu Feringghi. This is the hotspot for expatriates to stay for their retirement or under MM2H programme to eligible to purchase land property with investment value of RM2,000,000.00 and above.

All the bungalows and some units of terraces and semi-Ds command great panoramic view of the sea. The other houses boast the greenery view of the surrounding forest of the hills. Beverly Hills is a low density development with just a handful of houses within the site. Hence, you will definitely feel the exclusivity and privacy residing in Beverly Hills.

Fact sheet: 

Type of building: 2-storey bungalow

Title: Freehold

Built-up area: 5,600 sq ft

Land area: 8,200 sq ft

Bedroom: 7 

Bathroom: 7

Remark: Bungalow for sale is renovated with large garden area for landscaping. It is fitted with Jacuzzi in the master bathroom.

Asking price: RM4,200,000.00

Interested please contact Vulcan Lau, mobile: +6 016 451 1321

Surrounding Property Mix & Amenities:

Tanjung Bungah is an established and fast growing area with abundance of amenities. Several schools can be found nearby are SJKC Pai Chai, SK Tanjung Bunga, SK Pendidikan Khas Persekutuan, Dalat International School and Tenby International School.

Besides schools, Beverly Hills is approximately 1 km away to Apple Tree Education Kindergarten, Air Force Professional School (SITU) and TAR College Penang. Furthermore, the neighborhood is within walking distance to Kuan Yim See Temple Mount Erskine. Other amenities are mosque, hotels and shopping malls – Straits Quay, Island Plaza,Gurney Plaza and Gurney Paragon within 10 minutes drive away.

Interested please contact Vulcan Lau, mobile: +6 016 451 1321 for more details.

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Bukit Minyak Industrial Park | Single Storey Warehouse/Factory BuildingFor Rental @ Bukit Minyak Industrial Park, Prai, Penang Malaysia

Warehouse/Factory Rental Malaysia | Penang Single Storey Warehouse/Factory Building For Rental: Prime location with attractive factory corporate office inclusive of warehouse/production floor for rent. Total lettable area is 93,535 sq ft. Fact sheet: (1) Easy accessibility & connectivity to Batu Kawan, Bukit Tengah, Butterworth sea port, dual highway inlet/exits(Juru/Tambun), 12km to Penang Bridge & 2nd Penang Bridge. (2) Floor loading: 2.5 ton per m2, 1000A power supply, sprinkle system installed. (3) loading/unloading capabilities with 3 dock levelers to cater for 1 toner to 40 footer container. (4) ceiling height min/max is 25 ft/33 ft. (5) ample car park. Asking rental RM1.30 psf nego. Suitable for: warehouse, logistic transporter, factory. Interested please contact Vulcan Lau, mobile: +6 016 451 1321  Surrounding Property Mix & Amenities: Bukit Minyak Industrial Park was developed by Penang Development Corporation (PDC) in the late 90's comprising over an acreage of approximately 1000 acres. This Industrial Park is segmented into Industrial Plots, Single-Storey Terraced Factories and Single Storey Semi-Detached Factories for Small and Medium-Scale industries. Among reputable Local & Multinational Industrial players to name a few are; Flextronics, High Ace Industry, Maxonic Marketing, Eagle & Pagoda Brand Medical Industry and Teik Senn Malaysia. Opposite this Industrial Park, across the Butterworth - Ipoh trunk road is the Small and Medium-Scale Industrial(SMEs) Region which was developed by Penang Regional Development Authority or commonly known as IKS Bukit Minyak Perda. Residential Housing Estates located nearby includes Taman Pulasan, Taman Markisah, Taman Sukun, Taman Bukit Minyak and Taman Sentul Jaya. Shopping, Marketing, Educational, Recreational Amenities and Public Facilities are readily available in the Town of Bukit Mertajam which is located approximately 8 kilometers to the North West of the Bukit Minyak Industrial Park. Interested please contact Vulcan Lau, mobile: +6 016 451 1321

Back to Main Page: www.VulcanInternational.blogspot.com

MASPEX Malaysia 2013 | Penang Property | MIEA | New Homes To Cost More? Option For Buyers.

On Tuesday this week Malaysia government announced 20 sen rise in the price of RON95 petrol and diesel. Before the revision, the price for RON95 was RM1.90 per litre and RM1.80 for diesel. The price increase for RON95 was in 2010. The chain reaction has been fast with newspaper announced new homes to cost 10% more as been reported by Real Estate and Housing Developers Association of Malaysia president Datuk Seri Michael Yam Kong Choy. To solidify his statement further he mentioned that it's compounded by absenteeism among foreign workers because of the nationwide crackdown on illegal immigrants as developers have to pay more for labour to meet contractual deadlines, failing which they will be penalised. That's true if the sales and purchase agreement(SPA) been drafted towards HDA guidelines. Commercial building won't have that effect.

It was reported that the Penang Master Builders and Building Materials Dealers Association says it expected construction costs to rise by 3% to 5%. Association president Datuk Lim Kai Seng said the cost of transportation was likely to rise 10% to 20%, and the prices of sand and cement by between 5% and 10%. He said that cement now cost RM17.50 per 50kg while sand sold for RM70 per cubic metre.

While new developments might increase in price, the sub sale(secondary property) might stabilize in price at the moment. There'll be MASPEX on 27-29 September 2013 at Penang Times Square, Penang(2nd launch: northern region).

MASPEX or Malaysian Annual Secondary Property Exhibition is a new platform organized by MIEA to further its memberships through consolidating under one roof of Real Estate Agencies to offer their services and listings to public in general.

PS: 1st launch: central region was held from 12-14 April 2013 at Tropicana City Mall, Petaling Jaya. 

Malaysia's Petrol Trend: From 1990s to 2013(updated)

(Sen Per Litre)

DATE	RON97	RON95	RON92	DIESEL
Before 1990s	110		106 ( )	65.1 ( )
20-Oct-2000	120 (+10)		116 (+10)	70.1 (+5)
20-Oct-2001	130 (+10)		126 (+10)	70.1 ( )
01-May-2002	132 (+2)		128 (+2)	72.1 (+2)
01-Nov-2002	133 (+1)		129 (+1)	72.1 ( )
01-Mar-2003	135 (+2)		131 (+2)	76.1 (+4)
01-may-2004	137 (+2)		133 (+2)	78.1 (+2)
01-Oct-2004	142 (+5)		138 (+5)	83.1 (+5)
01-Apr-2005	142 ( )		138 ( )	88.1 (+5)
01-May-2005	152 (+10)		148 (+10)	108.1 (+10)
31-Jul-2005	162 (+10)		158 (+10)	128.1 (+20)
28-Feb-2006	192 (+30)		188 (+30)	158.1 (+30)
05-Jun-2008	270 (+78)		262 (+74)	258 (+100)
23-Aug-2008	255 (-15)		240 (-22)	250 (+8)
25-Sep-2008	245 (-10)		230 (-10)	240 (-10)
15-Oct-2008	230 (-10)		220 (-10)	220 (-20)
01-Nov-2008	215 (-5)		205 (-5)	205 (-5)
18-Nov-2008	200 (-15)		190 (-15)	190 (-15)
03-Dec-2008	190 (-10)		180 (-10)	180 (-10)
16-Dec-2008	180 (-10)		170 (-10)	170 (-10)
12-May-2009	180 ( )	175		170 ( )
01-Sep-2009	205 (+25)	180 (+5)		170 ( )
16-Jul-2010	210 (+5)	185 (+5)		175 (+5)
02-Nov-2010	215 (+5)	185 ( )		175 ( )
01-Dec-2010	230 (+15)	190 (+5)		180 (+5)
05-Jan-2011	240 (+10)	190 ( )		180 ( )
01-Feb-2011	250 (+10)	190 ( )		180 ( )
02-Apr-2011	270 (+20)	190 ( )		180 ( )
05-May-2011	290 (+20)	190 ( )		180 ( )
16-Jun-2011	280 (-10)	190 ( )		180 ( )
05-Apr-2012	290 (+10)	190 ( )		180 ( )
07-Jun-2012	280 (-10)	190 ( )		180 ( )
05-Jul-2012	260 (-20)	190 ( )		180 ( )
24-Aug-2012	270 (+10)	190 ( )		180 ( )
06-Sep-2012	300 (+30)	190 ( )		180 ( )
27-Feb-2013	270 (-30)	190 ( )		180 ( )
07-Mac-2013	290 (+20)	190 ( )		180 ( )
22-May-2013	270 (-20)	190 ( )		180 ( )
03-Sep-2013	270 ( )	210 (+20 )		200 (+20)
05-Sep-2013	285 (+15 )	210 ( )		200 ( )

16-Jul-2010 – No more subsidy for RON97, the price will be subjected to the current price of crude oil (RM2.10 as of 7/23)

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Back to Main Page: www.VulcanInternational.blogspot.com