Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward?

As we're aware one of the pillar in growth for Penang state is foreign direct investment(FDI) besides tourism and its sister UNESCO World Heritage status. To complement the Malaysian Investment Development Authority(Mida) initiative in attracting investor, the investPenang arm under Penang state government has move along the same line by going to Hong Kong and Singapore with the same objectives of allure investors to Penang.

A source mentioned that Malaysia recorded its highest foreign direct investment(FDI) of RM38.7bil in 2013,an increase of 24% over 2012 and 3.9% higher than the last record of RM37.3bil achieved in 2011.

What will foreign investors stand to gain by having their operations in Penang?

1. The infrastructure of masterplan Free Industrial Zone(FIZ) has been established since 1970s with Bayan Lepas FIZ. It was later expanded to mainland with Prai FIZ with supporting industries built under Small and Medium Industries(IKS).

2. Talented human capital development. Penang Skills Development Corporation(PSDC) was established in 1989. The centre is entrust to provide training and develop human capital to support Multinational Corporations(MNCs). Over a period of 20 years, the Centre has trained over 150,000 participants through over 7,000 courses; pioneered local industry development initiatives; assisted in the input and formulation of national policies pertinent to human capital development and contributed directly to the Malaysian workforce transformation initiatives.

3. InvestPenang agency. The state government agency was established in 2004. investPenang is a non-profit entity of the State Government with the sole purpose of promoting investments within Penang. investPenang aspires to sustain, rejuvenate and further promote entrepreneurialism through continued investments and simultaneously explore new growth areas which are profitable. Their core competencies are (1) Furnish information and resources to investors, (2) Enhance Penang’s business friendly environment, (3) Strengthen Penang’s competitive advantage, (4) Promote investment, (5) Support existing companies growth, (6) Facilitate growth of domestic industries, Penang SME Centre. As a matter of fact we work with investPenang and Mida on foreign direct investments'(FDIs) requirement and to cater the investor needs on existing infrastructure.

4. In tandem with investPenang's efforts, Penang Development Corporation(PDC) provides industrial lands for factories. These lands are with tenure of 60-year lease. Their current factory development is in Batu Kawan with establishment on Batu Kawan's IKS.

5. The IT-BPO Hub Penang integration. It's a vision and initiatives of Penang state government to envision that Penang establish herself with Information Technology Outsourcing and Business Process Outsourcing(IT-BPO) Hub with cost of RM3.3bil in setup and expect to be fully operational in 10 years.

The IT-BPO hub is make up of 30ha(74.2 acres) BPO Park in Bayan Lepas, 2.8ha(6.9 acres) BPO Prime in Bayan Baru and 0.93ha(2.3 acres) of Creative Animation Triggers(CAT) in George Town heritage zone.

Penang's Business Process Outsourcing (BPO) Park.

BPO services is said to include customer operations, data processing, back office administration, accounting, technical support, transcription, software development, IT consultancy and disaster recovery services.

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.

Penang | Bukit Minyak Factory | 5 Reasons Why The Factory Is Rentable

The single storey warehouse / factory building annexed to 3 storey office building for rent as be published in previous posting has with it the 5 reasons why the factory is rentable.

A single storey warehouse / factory building annexed to 3 storey office building for rent in Taman Perindustrian Bukit Minyak, Penang.

1. Free renovation period: Upon signing and stamping of tenancy agreement along with payment as agree, the free period of one month will be given to tenant to enable him to facilitate his renovation. The renovation will be subjected to landlord approval.

2. With comparative market analysis(CMA) on rental be used as benchmark, the rental pricing is competitive in that locality based on the condition of subject property.

3. Flexibility: Prospect tenant that is taking up the subject property will be on “As Is Where Is” basis. However landlord is flexible to discuss the terms further. 

4. Duration of tenancy is three-year with the option of another three-year. This will be advantage to tenant of multinational company that in normal situation require long lease as with its establishment and logistics.

5. Factory-typed structure: The subject property as per se been restored with reinforced to its concrete flooring. It has substation within its premises, therefore any upscale could be done. Currently it has a power supply of 1000Amp.

   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.

Taman Perindustrian Bukit Minyak | Factory Cum Warehouse For Rent

A single storey warehouse / factory building annexed to 3 storey office building for rent. The Subject Property is situated in Taman Perindustrian Bukit Minyak, Pulau Pinang, Malaysia.

Net Lettable Area: 93,535 sq ft

Land Area: 3 acres

Asking Rental: RM1.30 psf (USD0.40)§

Monthly Rental: RM121,595.50 (USD36,967.16)§

Loading/Unloading Docks: 3 set Mechanical Dock Levelers

Docking Bays: 5 bays (for 40 & 20 Footers)

Car Park(Covered): 34 bays

Car Park(Open): 25 bays

Motorcycle Bays: 54 bays

Free Renovation Period: 1 month

Contact Mr Vulcan Lau, mobile no.: +6 016 451 1321

Property Mix & Amenities:

Bukit Minyak Industrial Park was developed by Penang Development Corporation (PDC) in the late 90’s comprising over an acreage of approximately 1000 acres. This Industrial Park is segmented into Industrial Plots, Single-Storey Terraced Factories and Single Storey Semi-Detached Factories for Small and Medium-Scale industries.

 Among reputable Local & Multinational Industrial players to name a few are: Flextronics, High Ace Industry, Maxonic Marketing, Eagle & Pagoda Brand Medical Industry and Teik Senn Malaysia.

 Opposite this Industrial Park, across the Butterworth – Ipoh trunk road is the Small and Medium–Scale Industrial (SMEs) Region which was developed by Penang Regional Development Authority or commonly known as IKS Bukit Minyak Perda.

Location:

The Bukit Minyak Industrial Park is situated approximately 16 Km to the South-East of the Butterworth Ferry Terminal and Railway Station. Located approximately 4 Km North East of the Subject Property is the north bound Juru Interchange. Whilst the distance to Batu Kawan – the Penang Second Link Bridge is approximately 10.4 Km.

The Subject Property is approximately 12 Km to the South of Bandar Perda, Bukit Mertajam and 16 Km to the South East of the Butterworth Ferry Terminal and Transit Bus Station. Distanced approximately 4 Km North East of the north bound Juru Interchange and 8 Km to the Penang Bridge. From the Juru Interchange the Site is accessible via Jalan Kebun Nenas onto Jalan Bukit Tengah and finally thereon onto Jalan Perindustrian Bukit Minyak.

North bound, the Subject Property can be accessed via the PLUS Highway; exit at the Bukit Tambun Interchange onto the Jalan Bukit Tambun and finally to Jalan Perindustrian Bukit Minyak.

The Penang Second Link Bridge which completed this year and commission is across the South Channel links Batu Maung on Penang Island with Batu Kawan on the mainland.

Ideally Penang based SME test equipment companies that have been reported upbeat on projecting a good first quarter for 2015 based on new orders and upside forecast for test equipment and light emitting diode(LED) industry should consider to rent this factory for expansion their production lines such as Elsoft Research Sdn Bhd and Pentamaster Corporation Bhd.

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

Exclusive Focus: The Last And Oldest Siamese Settlement In Penang On The Verge Of Demolish

Banners along Burmah Road, Pulau Tikus, Penang.

Part of seven shops affected by the proposed development in Pulau Tikus.

It has be reported in local and online news that a Siamese settlement in Pulau Tikus will make way for five-storey hotel(97-room hotel) on the site of 1.3 acres of land which is currently housed to 10 wooden houses(some 40 families) and seven shops said to be there for six generations. The proposed development is five-storey hotel by Five Star Heritage Sdn Bhd. 

Bangkok Lane, Penang.

Burmah Lane, Penang.

The demolition will involved seven shops and 10 wooden houses at site located off Burmah Road bordered by Bangkok Lane and Burmah Lane. A source quoted that the valuation price in that area ranges between RM800 to RM1,300 per square foot.

Wat Chaiyamangalaram Thai Buddhist Temple at Burmah Lane, Penang.

Dhammikarama Burmese Buddhist Temple at Burmah Lane, Penang.

The settlement is part of 4.4 acres of land which housed important landmark like Wat Chaiyamangalaram Thai Buddhist Temple that has one of the largest Reclining Buddha statue built in Burmah Lane in 1845 and the 203-year-old Dhammikarama Burmese Buddhist Temple just across the road which I went to pray during Wesak's Day. The land was granted to Siamese and Burmese community there by East India Company on behalf of Queen Victoria in 1845 for the beneficiary of the descendants of Siamese and Burmese community.

Source from Penang Heritage Trust said that if the village is to be destroyed, then the Siamese community can no longer exist in once common place.

The Pulau Tikus' assemblyman Yap Soo Huey mentioned that, "we would like to come to an agreement to ensure that the heritage value of the village and community can be preserved to prevent the loss of a cultural heritage."

As of this writing, the Penang State Government mentioned that the local authority is yet to approve any development at the Siamese village.

Source: The Star newspaper

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.

Malaysia Land For Sale | Case Study: A tale of three lots (true story)

[Updated as of 23-Sep-2014]

I was introduced and approached to sell one of the lots some time in May-2013 by Mr Andrew Goh(not his real name) after met him in one of the motivational course in Jan-2013. I believe he'd meticulousely gone through my profiles before deciding to ask me to do the sale.

As the land has been floating in real estate market for awhile, I'm using the concept of non-analysis paralysis. I've managed to secure an offer letter stating that buyer has interest to purchase at RM700 per square foot(psf) for Mr Andrew Goh's lot during the exclusivity of three months timeframe. The offer price was based on Comparative Market Analysis(CMA) report covered that area and zoning. With hindsight not surprisingly the offer was rejected through his lawyer. Well, the owner is asking for future price of RM1,100 psf and above and again he is not fixing the asking price. To this point, I was wondering how am I going to close “an insatiable appetite” deal.

A friend of mine who works with reputable developer requested all relevant data on Mr Andrew Goh's lot been sent to him for feasibility study prior to any purchase. He came back to me with proposal on keenness to acquire three lots together rather than lot-by-lot. Till now I only mentioned about Mr Andrew Goh's lot. In reality and physically there're another two lots adjoining which are on the left hand side of his lot.

Roulette wheel: This is where the method of selling getting more interesting with three lots on the wheel. The complexity is which lot to sell first. 

The largest lot among the three is Mr Andrew Goh's lot. His lot having the frontage of small road and major road but the address is mentioning small road. The other two lots with one having small road frontage and another lot having major road frontage. The lot facing small road is belonging to one owner(for simplicity called Mr X) and the lot that facing main road is under the trustee holding and the title comes under a registered company(for simplicity called Trustee Y). Any one of the lots been sold, the other two lots' pricing will increase.

Question: Which one ought to sell first? 

To be continue...

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.