MM2H | Penang | Moving Forwards | Sky Cab Conceptualization And Conceivable

What a better way to across a channel? In this case, the Penang Channel that separated Penang Island from its mainland besides the three existing solutions of First Penang Bridge, Penang New Landmark | Second Penang Bridge | Sultan Abdul Halim Mu'adzam Shah Bridge and its decades old Penang Ferry Service.

The answer (my friend) is Penang Cable Car or aptly called Penang Sky Cab conceptualization and conceive to be in operational mode in 2018. This will enhance the transportation connectivity between Penang Island(Georgetown) and mainland Butterworth. It'll also ease the current traffic congestion at the current Raja Tun Uda ferry terminal(island side) at Weld Quay in George Town in Penang Island during peak hours.

Penang Chief Minister Lim Guan Eng, who announced the project, said the proposal would link Penang Sentral Transportation Hub in Butterworth to Nordin Street Ghaut (outside of UNESCO Penang Heritage Zone) in George Town along 3km cable car route. The Penang Sentral Cable Car Station would be located next to Penang Sentral Transportation Hub which will become five-in-one traveling hub. The link is said to take a ride of 15 minutes each way. The estimated cost for the implementation of cable car system/sky cab is between RM250 million to RM300 million.

It's expected to conceive in three years time (2018) if everything goes according to technical specifications. The Penang Sky Cab is said to be in advanced exploratory stage as of now. This could also be the precursor of Penang state tourism industry and Malaysia/Penang my second home.

Will the Penang Sky Cab see the daylight? With relative low construction cost, decrease dependency on automobiles, shorter time (15 minutes) to travel to mainland/Penang island (vice-versa) and the site station land in Nordin Street Ghaut that reported to belong to Penang State government, the feasibility seems possible...but only time will tell.

The integration across Penang Transportation's structures will further be enhanced in future with The Tunnel Link: Malaysia | Penang 2013 Blueprint Development | One Penang, Two halves, Three links...what is it for me as investor/developer?)

Boldly go. LLAP

This report is been compiled by VULCAN INT'L Real Estate Research Institute 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.

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.

BJCC Penang View | The Best Bukit Jambul Bungalow Has For Sale

Bukit Jambul Bungalow cum Holiday Homestay Penang @ Bukit Jambul is for sale. It's a three storey bungalow features a private balcony which commanded BJCC's Golf Course Penang panoramic view from a distance strategic location. It encompassed land area of 10,000 sq ft and build up of 8,200 sq ft with 11 rooms. 

When it comes to selection by savvy purchaser the asking price tag of RM3,750,000 (USD1,072,848)§ is reasonable having price per square foot(psf) is RM375.00(including land and building cost) which is one of the lowest psf in Bukit Jambul enclaved bungalow neighbourhood and the like of Asia Hill Bungalow.

Distance:

0.8km to Inti International College Penang

1km to Centre For Chemical Biology Of USM (University Science Malaysia)

1.3km to Hotel Equatorial Penang and BJCC (Bukit Jambul Country Club)

2.7km to Vistana Hotel Penang

5.3km to Penang Bridge

7.8km to Penang International Airport

Not far away is Bukit Jambul Hiking Trail which established more than two decades ago to serve avid hikers in south-eastern of Penang island particularly Sungai Dua, Sungai Nibong, Bayan Baru and Relau neighborhoods.

Interested please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 for private viewing | #VulcanInternational

Majestic view of Hotel Equatorial Penang

Bukit Jambul Golf Course panoramic view

The aisle to living room

Night view overseeing Bukit Jambul and Bayan Baru's township picturesque

Guest living room

Office cum discussion room