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.

Juru AutoCity Penang | Juru Land With Factory Cum Warehouse For Sale

(For Sale)

Land Title Type: Industrial/Warehouse

Land Area: 15,403 sq ft (1,431 sq meter)

Build Up: 7,650 sq ft (710 sq meter)

Land Status: Freehold

Location of Factory: Off Jalan Bukit Minyak, Seberang Perai Tengah

Accessibility: 5 minutes drive to Juru Autocity, Prai Industrial Estate and North-South Highway, Bukit Tengah. Easy access to Bukit Minyak IKS and Simpang Ampat IKS via Jalan Juru.

Building composition:

1. Two Storey office building

2. One Storey warehouse annexed

P.S: Juru Autocity is One-Stop Center for Automobiles, Business, Entertainment and Gourmet.

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

Propwall | iProperty Talk | Villa For Sale | Spanish Villa Style Home In An Exclusive Residential

Luxury property for discerning home buyers:

Land Area: 10,800 Sq. Ft
Build Up: 4,700 Sq. Ft
Bedrooms: 4+1
Bathrooms: 5
Parking Spaces: 4

Location: Penang Island, Malaysia

Spanish villa style home with extensive modern upgrades and detailed craftsmanship in a beautiful tropical island known as the "Pearl of the Orient" which is also a thriving commercial hub. Great investment property.

Located in a highly desirable residential enclave next to Penang Turf Club, Heritage Club and Penang Sports Club. Close proximity to the Botanical Gardens. 

👉 Driveway: Italian pebble-wash marble in intricate diamond-cut design 
Natural stone 10 foot perimeter wall.
👉 Extensive outdoor wall, garden and fountain feature lighting.
👉 Solid hardwood and wrought iron motorized front gate with side-gate.
👉 Security: state-of-the-art security system with internet capability
• 16 color and night vision infrared Sony video surveillance cameras.
• multichannel high capacity real time pro-series DVR recorder.
👉 Interior flooring: Marble, teak, terracotta.
👉 Living Room: Large open plan living and dining areas with white marble flooring, hardwood ceiling and elegant arched doorways leading to the patio/fountain area.
👉 Family Room: Solid wood Shoji-screen design door, teak flooring, neutral tone fabric wallpaper.
👉 Kitchen: Solid maple wood cabinetry, black galaxy granite countertops, Grecian limestone walls, terracotta floor, fully equipped with high-end European built-in appliances.
👉 Study: Custom designed solid oak furniture, with dual curvilinear table, open bookshelves, cabinets with louvered doors, with a solid oak door leading to an attached washroom finished in beautiful Italian marble and high-end sanitary ware.
👉 Bathrooms: All have floor to ceiling marble/granite walls, Italian and German designer bath and body spray showers and sanitary ware.
👉 Master bathroom is fully appointed with an exclusive Villeroy and Boch suite, consisting of dual ceramic basins, highly elegant polished chrome designer taps and fittings, sanitary ware, body sprays and rainfall shower and whirlpool.
👉 Bedrooms: Teak flooring, equipped with modular storage cabinets, Austrian crystal chandeliers, imported signature textured pure silk drapes complete with tassel ties and sheer. All bedrooms have en-suite bathrooms. Master has solid maple wood custom cabinetry with accessories.
👉 All bedrooms and study room have telephones with multiline intercom.
👉 Large volume automatic backwash water filtration system connected to main water source for entire house(kitchen has an additional bank of dedicated water purification multi-filters leading to all the kitchen water taps and refrigerator.)
Large volume automatic backwash water filtration system connected to main water source for entire house(kitchen has an additional bank of dedicated water purification multi-filters leading to all the kitchen water taps and refrigerator.)
👉 Outdoor fountain.

For further enquiry on this luxury property, please contact Vulcan Lau +6 016-4511321

Malaysia | Commerical | Warehouse | Factory Building For Sale Or Rent

PENANG | NEW ! DOUBLE STOREY SEMI-DETACHED LIGHT INDUSTRY UNITS IN PENANG FOR SALE OR RENT IN THE ESTABLISHED LIGHT INDUSTRIAL PARK AT THE SOUTH OF PENANG ISLAND.

The light industrial buildings are barely two minutes away from Second Penang Bridge and five minutes to #Queensbay Mall by driving. These factors have made its location strategic and suitable for factory, warehouse, commercial use and to serve heavy industrial park of Bayan Lepas Free Industrial Zone which contains multinational companies(MNCs). 

Distance of the light industry buildings to Penang International Airport is about 5km. Its close proximity to established residential of Bayan Baru and Pearl Island Golf and Country Club makes it ideal for workplace and conduct businesses.

Project Details:

Location: Batu Maung, Penang

Property Type: Industrial

Tenure: Freehold

Total Units Available: 2 units

Suitability: Light industry, factory, warehouse, commercial, logistic transporter

Unit 1: 

Land Area: 20,078 sq ft

Built-Up Area: 16,167 sq ft

Ceiling height: 14.6 ft(4.5 m) on both levels
Facility: Cargo lift

Floor loading for ground floor is 24kN/sqm and 1st floor is 14kN/sqm.

Unit 2: 

Land Area: 19,865 sq ft

Built-Up Area: 16,167 sq ft

Ceiling height: 14.6 ft(4.5 m) on both levels
Facility: Cargo lift

Floor loading for ground floor is 24kN/sqm and 1st floor is 14kN/sqm.

P.S. Close to Second Penang Bridge, Penang International Airport and Free Industrial Zone, Penang. Interested do call Vulcan Lau, mobile: +6 016 451 1321 for more details.