Malaysia | Top Developer In Penang | Titijaya | Land For Sale Transaction

With recently inception of the iconic Second Penang Bridge been official opened on 1-March-2014, the real estate properties especially on landbanks have been fast fetch-up by top developers on the southern region of Penang, Seberang Perai Selatan (#SPS). The acquisition is so glaring as in my previous report: http://vulcaninternational.blogspot.com/2014/05/property-hunter-batu-kawan-penang_17.html. 

Newly listed property developer Titijaya Land Bhd wholly-owned unit City Meridian Development Sdn Bhd is said to acquire 8.25 ha in SPS, Penang from Titijaya Group Sdn Bhd for total value of RM126 mil (RM142 psf). The figure of RM142 psf might be on high side as compared to current transactions.

Titijaya Land chief operating officer Mr Lim Poh Yit said the acquisition is the company's first venture outside Klang Valley. He mentioned that they're in the midst of planning and exploring the right mix of development products best fit market's demands and trends with respect to its landbank strategic location and development opportunities anticipated from surrounding catchment area.

He hinted that the mixed development with gross development value(GDV) of RM2 bil, will be launched at the end of next year on a location within walking distance of the second Penang Bridge, the Sultan Abdul Halim Mua'dzam Shah Bridge. In that sense, it'll also close by Penang's IKEA.

Titijaya Land Bhd(http://www.titijaya.com.my/), which listed last year recorded pre-tax profit of RM25.1 mil for its third quarter ended 31-March-2014 with revenue amounted to RM62.5 mil.

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.

Property Hunter | Batu Kawan | Penang Science Park | Industrial Land For Sale Or Joint Venture (JV)

Batu Kawan Development | Penang Science Park is an extension of Bukit Minyak Industrial Park. Vibrant pieces of land with populated factories begin to mushroom with the current flux of #IKEA, University of Hull, #KDU University College and Second Penang Bridge.

Demand of lands has increase since then and in tandem with that a piece of industrial land of 7.2323 acres is for sale or joint venture (JV) by proposal plan submission. The land is 3 minutes away to 2nd Penang Bridge, 3 minutes to Juru Toll and 5 minutes to Juru AutoCity, Penang.

Interested do call Vulcan Lau, mobile: +6 016 451 1321 for more details.

Factsheet:

Ecoworld Penang & Tambun Indah & OCBC Bank's lands are close to Tambun toll:

#Ecoworld Penang (60 acres at RM30 psf) and Tambun Indah (24 acres at RM14 psf) with recent land purchase. OCBC Bank brought 30 acres (12.1 ha) of land in Batu Kawan, Penang recently from Penang Development Corporation (PDC) for RM65.55mil to build a university college campus and mixed development. OCBC Bank is the Malaysian subsidiary of Oversea-Chinese Banking Corp Ltd, Singapore's second largest banking group.

Next year, Eco World will launch the RM920mil mixed development EcoMeadows scheme on 24.28ha (60 acres) in Bukit Tambun.

Its freehold land status and location near the second link and adjacent to the North-South Highway gives it great potential to be developed as a mixed development project.

IJM & Mahsing's lands are close to Jawi toll:

Mahsing has joined Seberang Perai property feast by acquiring 76.38acres of freehold land in Jawi for RM42.6mil, or RM12.80 psf.

 

The land which is said to be opposite the Bukit Jawi Golf Resort, will be developed into a mixed township with an estimated GDV of RM400mil known as Southbay East(in Jawi, Seberang Prai Selatan).

 

The location of the land is very close to #IJM Land's recent acquisition in Jawi (70 acres at RM18.50 psf) that valued at RM56mil.

 

MASPEX 2014 Penang | Malaysia Secondary Property Expo 2014

18 June 2014: Latest news update...This year MASPEX 2014 Penang is expected to offer 2,500 listing of secondary residential properties at Penang Times Square this weekend. Organising chairman Mr Michael Geh mentioned that many of the properties' prices are ranging from RM300,000 to RM800,000 , were in strategic locations. He further added, the prices are 20%-30% lower compared to the new properties sold by developers.

"The secondary market is the biggest driver in the overall property sector in the country, taking up 70% of the total market share," he added. This is based on NAPIC database. 

Meanwhile, Mr Jagdeep Singh (Penang State Town and Country, Planning, and Housing Executive Committee chairman) said the state government will setup a booth at this expo to facilitate the registration for first-time buyers of low medium cost houses priced at RM72,000 and affordable housing projects, which are priced between RM200,000 and RM400,000 . Currently in the pipeline there're 10 affordable projects being developed in the state. One of them Malaysia | Aspen Group Penang | First Affordable Housing Scheme In Penang Island

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By the time of this writing the #MASPEX2014 KL for the Central Region has passed by. It was held from 9-11 May 2014 at Tropicana City Mall, Petaling Jaya, Selangor D.E. This is the same venue for #MASPEX 2013.

As for the Northern Region: MASPEX2014 PENANG, it'll be held from 20-22 June 2014 at Penang Times Square, Jalan Dato Keramat Georgetown, Penang. Again this is the same venue for last year. This year event has been brought forward from September month. If you want to know how was the response for last year MASPEX2013 Penang do refer to: MASPEX Malaysia 2013 | Facts and figures about Malaysian Secondary Property Exhibition and MASPEX Malaysia 2013 | Penang | New Homes To Cost More? Option For Buyers .

With the banned on #DIBS and increased in #RPGT, see Malaysia Real Estate Budget 2014 and My Musings On Penang Properties there is a speculation that secondary properties will drop by about 15 per cent in transactions as compared to last year.

#MIEA as the organising body are inviting interested real estate agents to participate in the exhibition. A total 30 booths is expected. Additional information on MASPEX Penang 2014 is available from their website: www.miea.com.my

Southern Region of MASPEX 2014 JB schedule to be held from 8-10 August 2014 at Sutera Mall, Johor.

There will be live update for MASPEX2014 PENANG as I'll be covering the event. So do stay tune!

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.

Prai | 2 Units Of Factory/Factories For Sale

Two units of 1 1/2 storey factories light industry at Perai, Penang for sale. Land area: 29.6'x71' (2101.6 sq ft), Build up: 3,009 sq ft. Asking price is RM650,000.00 per unit. 

Location: The factory is about 7 minutes drive from Juru AutoCity and 5 minutes drive from Penang Bridge. These factories are in non-FIZ area.

Suitable of use(SOU): Injection moulding, frame stamping, machinery repair, final assembly line, fixture fabrication, warehouse, commerical unit.

Condition of sale(COS): With the production area been expanded through the mid-section of wall, this sale is of two(2) units.

Interested do call Vulcan Lau, mobile: +6 016 451 1321 for more details.

Balik Pulau Homestay Property | Orchard Land For Sale

Penang Balik Pulau has been eccentric to mix development brought by Botanica.CT and PLB Homes with its upcoming Prestige III development. Within #Botanica.CT township lies Prince Of Wales Island International School(POWIIS) that offers British style secondary education to boys and girls aged between 11 and 18 years. BOTANICA.CT, a 300-acre garden township that self-contained and self-sufficient with its own International Boarding School, Commercial Village, Retirement Resort, Medical Centre, Health & Spa Resort and a Clubhouse to serve the needs of its resident population.

With scarcity of flat land, currently offers to discerning buyer a first grade orchard land of 1.72 acres (74,923 sq ft) that has durian(king of fruits), cempedak(jack fruit) and rambutans trees. The piece of land could be used to build Homestay or Lodge. Vicinity to the subject land is a bike trail. It's 1km away from Botanica.CT and 1.5km away from PLB Homes. Ideal to build your retirement home.

 

Interested do call Vulcan Lau, mobile: +6 016 451 1321 for more details.

Balik Pulau Homestay Property | Orchard Land For Sale

Bukit Minyak | Tangkas Infiniti Factory/Warehouse/Commercial Building For Sale

Tangkas Infinity is the maiden project by Tangkas Properties Sdn Bhd and the answer to Penang's SMEs (Small and Medium Enterprises) that would like to own quality and spacious factory/warehouse/commercial building in Penang's mainland and its strategically located within Kawasan Perindustrian Perai and Bukit Minyak Industrial Park.

This new concept of 3 storey industrial building is based on #GBI (Green Building Index). Designed with a simplicity that can easily integrate most operations while providing you essential control over your rapidly expanding business:-

1. Location
- It is situated on the main trunk road of Jalan Bukit Tengah-Jalan Bukit Minyak-Jalan Permatang Tinggi, facing the Juru intersection.
- Centrally located providing access to Penang Bridge and the new 2nd Penang Bridge. This allows for Straight to Airport links (via second bridge) and Straight to Port links (via North South Highway).

- Easy access to Juru #Autocity, Bukit Tengah Industrial Zone and upcoming Impiana Residential developments, #AEON BIG and etc.

2. Structure
- Freehold
- Built Up 11980sf (3 storeys 100% column free. Obstruction free floors to optimise flow and production planning)
- Land Area 6,000sf and above
- Level 1 & 2 - 6m/20ft floor to floor height. Generous HEADROOM allowances
- 3 industrial working floor loading:
* Level 1: 7.5 kN/m2
* Level 2: 5.0 kN/m2
* Level 3: 2.5 kN/m2
- 3 storey Industrial Floor usage
- 30ft well-lit back lane providing additional access to ease factory floor logistic. Additional back shutter to enable loading/unloading operations besides front main entrance
- Roof covering has a 20 year Anti Perforation Warranty by manufacturer

3. Others
- Private Front Compound with individual Guard House & Private Parking. Semi-D type has additional 10ft backyard.
- Auto gate
- Automatic roller shutters at front and side
- 2 Tons Goods Lift
- Energy efficient features/Green concept:
* Thermal Roof insulation with Dow Styrofoam
* Nett Metering TNB ready and built in wiring to support Solar Panels.
* Rainwater Catchment Re-cycling Tank ~3,000 gallons capacity
- Safety:
* Additional Fire Staircase
* Basic Hose Reel System & Fire Panels
* Additional water storage (~1000 gallons) for fire fighting systems.
- Electrical system and support circuits 200Amps/block

Interested do call Vulcan Lau, mobile: +6 016 451 1321 for more details.

REHDA | Furniweb to diversify into property development

Question: Why I'm interested in this piece of prime land?

This piece of land at Jalan Jelatek, off Jalan Ampang has been floating in real estate market for quite some time. It went on sale with development order(DO) comprising of two blocks of condominiums consisting of 472 units. 

What surprise me most is the joint-ventured(JV) economy of scale undertaken by Furniweb as their core business is in manufacturing of semi-finished products in the industrial textile and rubber-based industries rather than construction although according to media sources, some of their directors did have experiences in construction sector.

Moving forward...it's worth to watch out for in the near future.

VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Furniweb to diversify into property development

KUALA LUMPUR: Furniweb Industrial Products Bhd (FIPB) has obtained shareholders' nod to proceed with the proposed residential development project.

The project, estimated at RM560mil in gross development value, comprised two blocks of condominiums consisting of 472 units, the group said in a circular to shareholders. The proposed residential development project, which was endorsed at an EGM yesterday, is expected to garner a gross development profit of about RM180mil over its development period of four years.

It will involve two phases and the project is expected to commence in the third quarter of this year.

Premier De Muara Sdn Bhd, a joint venture (JV) between Furniweb's subsidiary, Premier Gesture Sdn Bhd, and Almaharta Sdn Bhd, will undertake the residential project located along Jalan Jelatek.

Premier Gesture will hold a 60% stake in the JV while Almaharta 40%. Furniweb chairman Datuk Lim Heen Peok said the proposed JV offered a business diversification from the group's core business. It is involved in manufacturing of semi-finished products in the industrial textile and rubber-based industries.

"Our core business is doing well and we are diversifying our business activity to grow the company, thus, bring the company to the next level.

"We choose to be involved in the property sector because the demand is always there and we see the opportunities in this sector," he told reporters after the EGM.

The project is expected to contribute more than 25% to Furniweb's net profit in the immediate to medium term. 

Bernama

Source: StarBiz : News

For Sale Hillcrest Residences, Bukit Jambul Penang MALAYSIA

Hillcrest Residences is been developed by Bukit Jambul Condominiums Sdn Bhd. It consists of Tower 1(65 units) across 20 levels and Tower 2(79 units) across 23 levels. Spreading over 5.4 acres, it's low desity high rise residential development in Penang.

At 188 feet (57.5 meters) above sea level, Hillcrest Residences commanding panoramic sea and hill views. Next to it is the famous international acclaimed 18-hole Bukit Jambul Country Club (#BJCC) Golf Course. This stunning 18-hole golf course was designed by the famous Robert Trent Jones Jr. is one of the Malaysia top golf clubs. Since its inception in 1984 the BJCC has been preferred golfing venue and it has played host to 31st Malaysia Open in 1992.

It's enclaves with luxury bungalows and award-winning 5-star Hotel Equatorial, surrounding by lush greenery and merely 6 minutes drive to Penang International Airport and Bayan Lepas Free Industrial Zone. There is easy access to Queensbay Mall, Pantai Hospital Penang and many other amenities.

For sale unit in Tower 1 with the below specification:

👉 Build Up Area: 2,277 sq ft (211.53 sq m)

👉 Sale Condition: Unit fully furnished. Sale "As Is Where Is" basis under "Lock, Stock and Barrel"

👉 Car Park: 2

👉 Storage Room: 1

👉 Price: RM1,280,000.00

Interested do call Vulcan Lau, mobile: +6 016 451 1321 for more details.