Penang | Warehouse/Factory For Sales/Rental Malaysia

The availability of new warehouse/factory for sales/rental in Jalan Chain Ferry, Butterworth to cater for Industrial Estates in Butterworth mainly Kawasan Perindustrian Mak Mandin, Kawasan Perindustrian Teras Jaya and Taman Perusahaan Sungai Lokan shows that there're demand for it. 

Butterworth is the main town for Seberang Perai Utara (SPU) and it complements Georgetown in Penang Island as transportation hub where one can access to railway network, seaport, bus terminal, North Butterworth Container Terminal (NBCT). These infrastructures are essential to The Federation of Malaysian Manufacturers' (FMM) Penang branch whose membership comprises of manufacturers (MNCs) and companies registered in Malaysia.

The following is the best case-study where VULCAN INTERNATIONAL Real Estate Investors Club involved in early designing stage of the warehouse/factory on consultation-based rather than transactional-oriented.

One of the warehouses/factories that newly built and is available for sales/rental is:

Location: Jalan Chain Ferry, Butterworth

Land Area: 29,579 sq ft

Build Up: 13,364 sq ft

Ceiling Height: 39 ft

Private viewing can be arranged. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

Malaysia | Exclusive Penang Factory/Warehouse Rental and Sale Price Report FY2014/2015

With the impending Goods and Services Tax(GST) that is going to take effect from 1-April-2015 and earlier announced increase in quantum of Real Property Gain Tax (RPGT) Penang Property | Malaysia Real Estate Investment | Budget 2014 Malaysia | RPGT and its cousin Stamp Duty, the factory/warehouse sale and rental have been greatly affected investors and they're on the sidelines.

The rental price for Penang Island is hovering around RM2.00 per sq ft while mainland is commanding around RM1.30 per sq ft based on nett lettable area (NLA). Prices quoted are for new completed buildings. Batu Maung's Small and Medium Industry(SMI) has its value been appreciated with the completion of 2nd Penang Bridge Penang New Landmark | MM2H | Second Penang Bridge | Sultan Abdul Halim Mu'adzam Shah Bridge. Distance from Diamond Valley Industrial Park, Batu Maung to 2nd Penang Bridge (Sultan Abdul Halim Mu'adzam Shah Bridge) is only 3 km compared to 1st Penang Bridge which is 11 km. A factory of size 20,000 sq ft has said to be going from RM10 mil to RM12 mil based on seller revised asking price. Another advantage of Diamond Valley Industrial Park is that it's near to Bayan Lepas Free Industrial Zone (FIZ) as supporting industry. Another development that is bound to gain from completion of second Penang Bridge is Mutiara Light Industrial Park located at Sungai Tiram, Bayan Lepas.

The Penang state's initiatives of IT-BPO Park in Bayan Lepas Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward? that schedule to complete in next 10 years which is near to Penang International Airport and Bayan Baru will make the property around Diamond Valley Industrial Park to be appreciated when Information Technology Bussiness Process Outsourcing (IT-BPO) fully operational. 

This RM3.3 Billion IT-BPO Hub is the vehicle to propel growth towards diversifying the state’s economy and enable the growth of a viable employment sector. The IT-BPO Hub comprises 3 core-components of 74 acres of IT-BPO Park in Bayan Lepas; a planned development of 7 acres BPO Prime in Bayan Baru[current Penang Development Corporation(PDC) site] ; and a 100,000 sq ft Creative Animation Triggers(CAT) in the George Town heritage enclave.Batu Kawan Industrial Park has its nearby locality land been snapped up by property developers Property Hunter | Batu Kawan | Penang Science Park | Industrial Land For Sale Or Joint Venture (JV). Transactions surrounding Batu Kawan's neigbourhood have been transacted on average at RM50 per sq ft.

P.S.: This report doesn't cover boutique factory such as Tangkas Infinity Bukit Minyak | Tangkas Infiniti Factory/Warehouse/Commercial Building For Sale which is build in compliance with the Green Building Index(GBI) and includes energy conservation features.

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com on general indicative Penang's factory/warehouse selling price and rental for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.

Investor Forum Business Daily | Exchange Rates | Malaysian Ringgit versus US Dollar

Real Estate Investment Malaysia | The ringgit fell 1.3% last week to 3.5615 a dollar, the biggest loss in Asia, data compiled by Bloomberg show. The currency has weakened 14% since August 2014 and reached a five-year low of 3.5987 based on http://www.exchange-rates.org/history/MYR/USD/T today. Reserves declined 7.7% to US116bil(RM413bil) in December from November, Bank Negara reported late Thursday.

The graph below shows historical exchange rates between the Malaysian Ringgit (MYR) and the US Dollar (USD) between 7/17/2014 and 1/13/2015.

According to Bloomberg and quoted by Starbiz from The Star newspaper today, the ringgit fell to the lowest level in more than five years on concern that a protracted slump in crude prices would erode the oil-exporting nation's revenue. Brent crude sank to levels not seen since 2009 on speculation US crude stockpiles would increase exacerbating a global supply glut.

Malaysia may review its 2015 budget to take into account the impact of falling energy costs, according to a report from the official Bernama news agency.

"Oil prices are again lower and some of that seems to be seeping through to the Malaysian ringgit," said Divya Devesh, a foreign-exchange strategist at Standard Chartered Plc in Singapore. "Until we see a stablization in crude oil prices, it's really looking like difficult times for the ringgit."

The currency has fallen in six of the last eight days and lost 9% in the past three months, the worst performance in emerging Asia. For the latest exchange rates by Bank Negara Malaysia(BNM) refer to Ringgit Foreign Exchange Rates .

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 .

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.