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Showing posts with label Penang real estate. Show all posts
Showing posts with label Penang real estate. Show all posts

Wednesday, September 7, 2016

MASPEX 2016 | Malaysian Secondary Property Exhibition | The Fourth Edition

The MASPEX since its inception has been annually event for secondary properties exhibition. Due to good response on the turnout crowd at Queensbay Mall, Penang MALAYSIA for last year MASPEX2015 | Penang Edition , this year for its fourth instalment will again be held at Queensbay Mall.

After Penang Star Property Fair 2016 which is mainly targets on primary market with new launches, MASPEX2016 (Penang edition) event will be held at Queensbay Mall from 22 Sep 2016 to 25 Sep 2016. Previous two MASPEXes namely #MASPEX2013 and #MASPEX2014 were at Penang Times Square.

This is the 4th edition for Malaysian Secondary Property Exhibition (MASPEX). It's expect to showcase more than 5,000 properties covering Penang Island and its mainland secondary (sub-sale) market properties in 20 booths. There will be property talks' sessions to cater for buyers to educate and enhance their knowledge.

It will covers various type of property such as houses, condominiums, apartments, SOHO, offices, factories, warehouses during this four-day event.

Link to MASPEX 2015 [Part 1]: Malaysia | Penang MASPEX 2015 Reboot In Queensbay Mall | Sub-sale properties

Link to MASPEX 2015 [Part 2]: Penang Property News And Talk | Maspex 2015 | Queensbay Mall | List Of Speakers Time Table And Agenda With Pictography

Link to MASPEX 2014: Malaysia | MASPEX Penang 2014 | The Pictography

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

Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute https://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club https://VulcanInternational.blogspot.com .

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

You're welcome to write your constructive comment below.

Wednesday, December 9, 2015

investPenang | Press Statement | Merges And Acquisitions On Current Industry

Penang State's investPenang has came out with facts and figures including information on employment to clear the air on what's going on with the current industrial merges and acquisitions as in press statement published in Mutiara Buletin Issue of Nov 1-15, 2015 as below:
InvestPenang%20director%20Datuk%20Lee%20Kah%20Choon%20%7C%20Penang%20Capital%20Investment
investPenang director Datuk Lee Kah Choon

PRESS STATEMENT—CURRENT INDUSTRY M&A                   [investPenang]
27 Oct 2015

1. As the State's investment promotion agency, investPenang wishes to address the current spate of on-line news and speculations regarding corporate movements of a few semiconductors / E&E (Electrical and Electronic) multinationals in Penang.

2. In today's industries and business, mergers and acquisitions are commonly carried out not only to consolidate operations but also for other reasons such as increase in market share and technology synergies. This is happening globally in the semicon and E&E (Electrical and Electronics) technology companies and Penang, as an electronic hub, with its many international companies, is invariably impacted.

3. In 1H 2015 alone, globally, $72.6 billion worth of M&A (mergers and acquisitions) were announced. This was more than four times the value of M&A reported in fiscal 2014. The 3 major M&A include:
- $37 billion acquisition of Broadcom by Avago
- $16.7 billion acquisition of Altera by lntel
- $11.8 billion acquisition of NXP Semiconductor by Freescale.

4. In Penang, 5 multinationals recently announced their M&As:
[a.] AMD joint venture with Nantong Fujitsu Microelectronic Co.
85% share in AMD's manufacturing sites in Penang and Suzhou, China were sold to Nantong Fujitsu Microelectronics for $371 million cash; with AMD retaining 15% stake. The manufacturing site in Penang will remain in operation. The JV is the “latest step in AMD's strategic transformation to further sharpen focus and operations on designing high-performance products." The company announced that "there are no planned workforce reductions in Penang AMD facility”. The deal expected to be closed first half 2016, as long as regulatory and other  approvals are obtained.
[b.] Sanmina Corp to take over Motorola Solutions’ manufacturing facility in Bayan Lepas.
Motorola's manufacturing in Technoplex facility will be taken over by Sanmina Corp, a leading integrated manufacturing service provider; whilst it focuses on R&D in Penang. They confirmed that the "sale does not change Motorola's commitment in Malaysia" and ”allows Motorola Solutions to deliver best in class service to its partners and customers”. They also reported in a local press on Oct 14th, 2015 that the "transfer does mean there will be a reduction in staffs". Employees will be transferred to Sanmina at no lesser terms than what they currentlv have. The transaction is expected to be finalized by early 2016.
[c.] Western Digital acquiring SanDisk
WD announced on 21 Oct 2019, its plan to acquire SanDisk for $19B cash and stock. The deal is scheduled to be closed by Q3 2016. There are currently 1042 employees in SanDisk Penang.
[d.] Amphenol to close one part of its business.
Amphenol is consolidating its mobile consumer products division in Asia Pacific, closing one of its plants in Penang. 150 employees will be affected. The Company will continue manufacturing of high speed connectors in 2 other plants in Penang, employing 800 staffs.
[e.] Dell acquired EMC at $67billion
Acquisition, announced on 12 Oct, 2015, was made to ‘evolve the company into the most relevant areas where lT is moving’.

From the above, it can be seen that only 150 jobs in Penang are affected. More job consolidation could be happening due to other M&As but there are no news of closure to date. Corporate movements will impact Penang, as host to many MNCs, and also other States in Malaysia.

5. In Penang, investments in the manufacturing sector remain robust. Recently, Jinko Solar as well as JA Solar, both multinational Chinese companies, started operations in Penang offering a total of 1,900 jobs. HP is currently constructing their factory in Batu Kawan and will employ 1,000 staff when it is in full operation. Overall, according to MIDA (Malaysian Investment Development Authority) , a total of 17,896 new jobs will be created in Penang via approved investments in 2014 and 13,199 new jobs via approved investments in 1H 2015.

6. Penang managed to attract RM48.2 billion worth of investments from 2008 to 2014, which is 93% higher than the RM24.9 billion invested on a similar 6 year period from 2001 to 2007.

7. In addition to manufacturing, the services sector, especially Global Business Services and Shared Services Outsourcing continues to offer high value job opportunities. HP recently started a finance centre at PDC Technoplex. Others include Osram‘s GBS center employing 150 staff and Jurong Engineering Design Center with 200 staff.

8. The Penang Career Assistance and Talent (CAT) Center continues to provide assistance to job seekers and employers looking for right candidates. As at 26 Oct, 2015, a total of 3,246 vacancies in Penang can be found in job portals linked to the CAT Centre.

9. The State government via investPenang is working closely with companies that have made announcements to assist and smoothen transition. However, for companies that have yet to make any official statements, due to confidentiality requirements at this stage or other reasons, whenever they can, we urge them to clarify matters to quell the spread of rumours. Further updates and clarifications will be given by investPenang when necessary.

10. As an international city where many multinationals are located, Penang will be subjected to vagaries of global business trends directly. We however remain positive in facing these challenges and steadfast in assisting all our investors and employees.

Source | Mutiara Buletin

You should also read related articles:

Cause for concern: Is Penang on the cusp of losing its position as the Silicon Valley of the East following news of relocations, mergers, retrenchment and even plant closures involving several major foreign electronic players in the state? What's your opinion? (Before you form your opinion do read through the related articles above)

Boldly go. LLAP

VulcanInternational could be contacted at +6 016 451 1321 #VulcanInternational | #VulcanFocus | #YouCallWeMatch


You're welcome to write your constructive comment below.

Friday, August 14, 2015

Penang Property News And Talk | Maspex 2015 | Queensbay Mall | List Of Speakers Time Table And Agenda With Pictography

Malaysia%20%7C%20Penang%20Maspex%202015%20%7C%20List%20Of%20Speakers%20Time%20Table%20And%20Agenda
Source MIEA | List Of Speakers Time Table And Agenda

Malaysia | Penang Property News And Talk | The vibrancy of Penang sub sale (secondary market) once again been rejuvenated by Malaysian Institute of Estate Agents (MIEA) with the official opening ceremony been held at Queensbay Mall this afternoon (13 Aug 2015). The Malaysian Secondary Property Exhibition Penang Chapter (Maspex 2015) is four days (13-16 Aug 2015) event. It has 33 booths to cater for buyers and sellers flavor. The location of booths are been divided into two sections with 17 booths at Center Zone (cum discussion area) and 16 booths at South Zone.

With ringgit depreciation, property is the best hedge against hyperinflation: Malaysia | Foreign Exchange | Quo Vadis, Ringgit! Facts And Evolutions

The pictography of the event:

MASPEX%202015%20property%20showcase%20%7C%20houses%2C%20condminiums%2C%20apartments%2C%20soho%2C%20offices%2C%20factories
MASPEX 2015 property showcase | houses, condminiums, apartments, soho, offices, factories for sale, to buy and rent

PropertyGuru%20booth%20%7C%20Malaysia%27s%20Leading%20Property%20Site
Silver sponsor | PropertyGuru booth | Malaysia's Leading Property Site

Mudah.my%20booth%20%7C%20Property%20Slow%20To%20Sell%3F
Silver sponsor | Mudah.my booth | Malaysia's Largest Marketplace

Bird%20view%20of%20central%20atrium%20on%20participating%20booths%20with%20main%20sponsor%20Maybank
Bird view of central atrium on participating booths with main sponsor Maybank

Bird%20view%20of%20central%20atrium%20on%20participating%20booths%20%28entrance%20section%29
Bird view of center zone on participating booths (facing center entrance section)

Bird%2520view%2520of%2520south%2520atrium%2520on%2520participating%2520booths
Bird view of south zone on participating booths

MIEA%27s%20booth%20facing%20south%20entrance
MIEA's booth facing south zone entrance


Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

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

You're welcome to write your constructive comment below.

Friday, July 17, 2015

Malaysia | Penang MASPEX 2015 Reboot In Queensbay Mall | Sub-sale properties

Penang%20Property%3A%20MASPEX2015%20%28Penang%20edition%29%20will%20be%20kicking%20of%20at%20Queensbay%20Mall.

After Penang Star Property Fair 2015 which is mainly targets on primary market with new launches, #MASPEX2015 (Penang edition) will be kicking of at Queensbay Mall on 13 Aug 2015 to 16 Aug 2015. Previous two MASPEXes namely #MASPEX2013 and #MASPEX2014 be held at Penang Times Square. 

This is the 3rd edition for Malaysian Secondary Property Exhibition (MASPEX). It's expect to showcase more than 6,000 properties covering Penang Island and its mainland secondary (sub-sale) market properties. There will be property talks' sessions to cater for buyers to enhance their knowledge on status updates for Affordable Housing in Penang and Penang's infrastructure projects with their impacts on Penang Property Hotspots.

It will covers various type of property such as houses, condominiums, apartments, SOHO, offices, factories, warehouses during this four-day event.

Link to MASPEX 2014: Malaysia | MASPEX Penang 2014 | The Pictography

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

Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

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

You're welcome to write your constructive comment below.

Friday, May 15, 2015

Commercial Bungalow That Meet Your Business Needs

Commercial%20Bungalow%20For%20Rent%20%28To%20Let%29%20At%20Jalan%20Sultan%20Ahmad%20Shah%20%28Northam%20Road%29%2C%2010050%20Penang.


This bungalow is situated at strategic location of Jalan Sultan Ahmad Shah (formerly known as Northam Road, Penang aka Millionaire's Row in Penang). This real estate property is in commercial zoning.

Currently available for rent (to let) is the two storey bungalow with large compound fronting Jalan Sultan Ahmand Shah and the specification as stated below:

Built-up : approx. 4,000 sq ft

Land area : 13,250 sq ft

Tenure : Freehold

Parking space: 10 cars

Location : Jalan Sultan Ahmad Shah, 10050 Penang MALAYSIA

The bungalow was sold by me in 2012. With multi-storey carpark behind (under construction), the site is good for banking, insurance company, telecommunication headquarters like Maxis, Digi who want their strong present in upper class residential and prominent neighbourhoods.

Jalan Sultan Ahmad Shah is highly dense area that been populated by mansions, The Northam All Suite Penang, condominiums, skyscrapers with its seafront neighbourhood housing some rich philanthropists. The Wawasan Open University is also located along the road.

Boldly go. LLAP

Interested tenant please 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.

You're welcome to write your constructive comment below.

Thursday, May 14, 2015

Why Penang Pulau Tikus Bungalow For Sale Will Make You Question Everything?

Pulau Tikus used to be suburb in George Town city in Penang Island, Malaysia and since with the expansion of Georgetown city limit it falls under urban district/zoning. 

It housed "upper class residential" and prominent neighbourhoods with vicinity such as Penang Gurney Drive | Gurney Paragon, Gurney Plaza and stretch of condominiums which is a stone's throw away. It's also famous for its food heaven like delicious Lok Lok steamboat, Pulau Tikus market, Pulau Tikus homestay.

It has its fair share of bungalows, mansions and colonial buildings besides its famous temples Wat Chaiyamangalaram Thai Buddhist Temple and Dhammikarama Burmese Buddhist Temple at Burmah Lane, Penang.

Malaysia%20%7C%20Penang%20%7C%20Pulau%20Tikus%20Bungalow%20For%20Sale.

Currently available for sale is a scarcity of a rare opportunity to own single storey bungalow with large compound within Pulau Tikus precinct and the specification as stated below:

Built-up : approx. 6,000 sq ft

Land area : 13,500 sq ft

Tenure : Freehold

Parking space: 8 cars

Location : Upper class residential in Pulau Tikus, Penang MALAYSIA

P.S.: Real estate property especially landed property in Penang is synonymous with capital appreciation by virtue of scarcity of land in the Penang island.

Boldly go. LLAP

Interested buyer please 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.

You're welcome to write your constructive comment below.

Wednesday, March 4, 2015

Malaysia | investPenang | Penang State's Capital Investments From 2010-2014

It was reported recently that Penang State recorded RM8.16 billion in investments last year which is more than double as compared to 2013. The investments contribution mainly from its electrical and electronics(E&E) sector as well as biomedical sector.

Of the total RM8.16 billion in capital investments, RM5.11 billion are said from foreign direct investments (FDIs) last year which domestic investments contributed RM3.05 billion. For comparison, the state’s FDI only totalled RM1.79 billion as recorded in 2013.

Refering to figures released by Malaysian Industrial Development Authority (#Mida), Penang’s ranking position in bringing in investments went up to third place last year as compared to fourth placing in 2013 among all other states in Malaysia.

In 2014, Penang is ranked right behind Johor and Sarawak, which recorded RM21 billion and RM9.6 billion in total investments respectively.

investPenang%2C%20PDC%2C%20NCIA%2C%20MIDA%2C%20penangcatcentre%2C%20penangmonthly%3A%20total%20capital%20investment%20for%20Penang%20for%20year%202010/2011/2012/2013/2014.

The infographic shows the flow of total capital investment for Penang for year 2010, 2011, 2012, 2013, 2014 (quinquennial snapshot) is RM36.78 billion.

The negative percentage indicates that relatively to a year before, the total capital investment value is lower as compare to its previous year. Vice-versa, positive percentage indicates that year is better in total capital investment performance versus the immediate previous year.

The crux of the matter is that every year there's investment(in billion) done by Penang State.

PS: For year 2012, the figure RM2.47 billion is without the inclusion of RM2.90 billion from Northern Corridor Investment Authority(NCIA). If included it was then be RM5.37 billion.

It's good to see that Penang has its mid term and long term investments been pursued as whatever investment by Penang State will normally take 3-5 years before been implemented or might not come to fruition. Example, the result of Penang's Total Capital Investments for 2015 might come to reality in 2018.

As for long term, Penang's Information Technology Business Process Outsourcing(IT-BPO) is under framework of 10 years to materialize: http://vulcanresearch.blogspot.com/2014/10/malaysia-investment-investpenang-psdc_18.html

Sources from the following reports:

http://www.malaysia-today.net/penang-no-1-in-malaysia-in-manufacturing-investment-for-the-2nd-consecutive-year-in-2011/

http://penangcatcentre.my/whats-up-details.s7f.aspx

http://www.themalaysianinsider.com/malaysia/article/guan-eng-penang-2011-investment-at-rm10b-beats-target

http://www.thestar.com.my/News/Nation/2013/03/26/Penang-received-RM54bil-last-year-says-state-investment-body/

http://penangmonthly.com/penangs-manufacturing-future/

http://www.themalaymailonline.com/money/article/penang-records-rm8b-in-investments-last-year-more-than-double-2013

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.

Thursday, December 19, 2013

Malaysia | 2014/2015 Penang Property | My Musings On Penang Properties - 9 reasons for Penang real estate in gloomy and doomy

9 reasons for Penang real estate market in gloomy and doomy

We're coming towards the end of year 2013. As for year 2014, ever since the #Budget2014 annoucement the real estate market will be placed into regulated control. As with #Penang State government, she has taken additional steps towards damage control to curb property speculation. Below are the chronology of events that expect to take place:
  1. 1-Jan-2014: [Malaysia] Stricter bank loan(effect with net purchase price instead of gross purchase price, example if gross purchase is RM1,000,000 with 5% discount then net purchase is RM950,000). The #SPA will be registered as RM950,000 instead of RM1,000,000 . 
  2. 1-Jan-2014: [Malaysia] Increase in #RPGT. Check out http://www.vulcaninternational.blogspot.com/2013/10/penang-property-malaysia-real-estate.html for more details. Refer to table below: 
  3. 1-Jan-2014: [Malaysia] No #DIBS(Developer Interest Bearing Scheme)
  4. 1-Feb-2014: [Penang State] 5-year rule. Owners of affordable homes bought for below RM400,000 on the island and RM250,000 on the mainland would be barred from reselling their properties in the first five years of ownership. Chief Minister Lim Guan Eng said affordable and public housing owners who wished to sell their units during the moratorium RM400,000(only can dispose after 6th year), for mainland RM250,000 would have to appeal to the state government, and if given the green light, could only sell to qualified “listed buyers from middle-income group” who were registered with the state housing department. Lim said in a statement that the new rulings would cover future and past purchases.
  5. 1-Feb-2014: [Penang State] 10-year rule. Future and past purchases of up to RM72,500 only can dispose after 10 years. That is to say that owners of public housing low and low-medium cost units bought for RM42,000 and RM72,500 respectively or less cannot sell their units for 10 years. Effective date should be based on SPA. 
  6. 1-Feb-2014: [Penang State] “A two per cent levy will be imposed on the seller, for all properties(including land) sold within three years from the date of the Sales & Purchase Agree­ment(SPA) signed from Feb 1, 2014. Property bought with the SPA signed before Feb 1, 2014, will not be subject to this levy. This two per cent levy is not applicable to affordable housing. All levies will be collected by land office.
  7. 1-Feb-2014: [Penang State] The new regulations also stipulate that foreigners(non-citizens) can only buy property valued at RM1mil or more, and the threshold is increased to RM2mil if it is a landed property on the island.
  8. 1-Feb-2014: [Penang State] A three per cent levy would be imposed on properties bought by foreigners, but an exemption would be made if the property is for industrial use, or “promotes employment, education and human talent”, said Lim.
  9. 1-April-2015: [Malaysia] #GST(Goods and Services Tax) of 6% to replace SST(Sales and Services Tax) which is 15 months to go.
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.