Adios Fairchild Semiconductor (Malaysia) Sdn Bhd

Most baby boomers will know Fairchild Semiconductor International Inc. It started up in Penang as National Semiconductor (commonly known as NS by local) in 1972. The company has been in Penang since 1972 with other reputable multinational corporations. The company headquartered in San Jose, California, previous announced that it would cease its operations in West Jordan, Utah, Penang and Bucheon (South Korea) by end of this year 2015. About 1,000 workers will lose their jobs in Penang accordingly to a source. Some of them been offered to relocate to Fairchild Singapore (FSSG).

Fairchild Semiconductor was one of the eight companies that set up operations in Penang in 1970s, together with Advanced Micro Devices (AMD), Hewlett Packard (now called Agilent Technologies), Clarion, Intel, Hitachi (now called Renesas), Litronix (now called Osram Opto Semiconductor) and Robert Bosch. These multinational companies have been strategically position themselves in Phase One, Phase Two and Phase Three of Free Trade Zone (FTZ). Then naming of FTZ has since been renamed as Free Industrial Zone (FIZ), Bayan Lepas. Bayan Lepas Free Industrial Zone consists of four phases and technoplexes.

Fairchild Semiconductor (Malaysia) Sdn Bhd, Penang

Fairchild Semiconductor International Inc is selling its manufacturing facility in the Phase 2, Free Industrial Zone, Bayan Lepas as part of its world wide realignment exercise. The closure is said to affect around 15% of Fairchild's global workforce of 9000 employees. It is reported that the valuation for 20 acres of land where current Fairchild resides is going for RM200 per square foot (psf) to RM300 psf in valuation. There're two multinational corporations: one from Germany which involve manufacturing of medical devices, for the company's operations expansion and another from United States which interested to acquire the property located on over 20 acres. On the Fairchild's land sales in Bayan Lepas, the interested companies will have to approach Fairchild first for the sale and state government body consent: Penang Development Corporation (PDC) will be followed. Consent will be in favour of hi-tech industry with capital intensive and knowledge based.

Source | The Star

Boldly go. LLAP

This report has been researched and 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.

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

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 2015 property showcase | houses, condminiums, apartments, soho, offices, factories for sale, to buy and rent

Silver sponsor | PropertyGuru booth | Malaysia's Leading Property Site

Silver sponsor | Mudah.my booth | Malaysia's Largest Marketplace

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

Bird view of center zone on participating booths (facing center entrance section)

Bird view of south zone on participating booths

MIEA's booth facing south zone entrance

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

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.

Malaysia | Foreign Exchange | Quo Vadis, Ringgit! Facts And Evolutions

Forex Currency Charts: Exchange Rates Malaysian Ringgit Against Major Currencies Published By Bank Negara Malaysia (BNM)

Since beginning of this year, I started to have interest in foreign exchange market when a deal involving a foreigner purchase of landed property. Investor Forum Business Daily | Exchange Rates History| Malaysian Ringgit versus US Dollar. That was the time I started my monitoring.

A glass could be half full or half empty. Depending on how you view it. For us as investors we would like to look from the perspective of how turn the tides around with data. As history been mentioned, Malaysia started to pegged the ringgit against greenback (US dollar) in September 1998. For a duration of 7 years till July 2005 the ringgit was pegged at the psychological threshold of RM3.8000-to-a-dollar. Bank Negara Malaysia (BNM) did the capital control during Asian financial crisis (AFC). 

Fast forward exactly 10 years after lifted the peg, the Malaysian ringgit went above the 3.8000 threshold again and that happened during last two weeks. Are we in for another financial crisis (again)? What is your opinion? Trying to connect the dots. The local note was also traded lower against other major currencies except the Euro (refers to the graph) during the one year snapshot. At the closing last Friday (24 July 2015), the Interbank Foreign Exchange Market in Kuala Lumpur recorded 3.8080/3.8100 .

This is your opportunity to invest in Penang. Apparently with current scenario, foreigners might want to invest their hard earned money here. Malaysia has initiated her Malaysia My Second Home (MM2H) program with various incentives. MM2Home | MM2H Forum Expat Malaysia| MM2H requirements | MM2H news. Recently a group of 6,000 tourists from China under their company trips made their way to Penang and Langkawi Island. It was reported 3,000 tourists spent their holidays in Penang while the other 3,000 tourists spent theirs in Langkawi Island located north of Penang Island.

George Town Festival 2015 (GTF 2015) celebration in the month of August. As part of George Town inscription on 7 July 2009 as UNESCO World Heritage Sites, the #GTF2015 will features arts, culture, heritage and community events to celebrate throughout the festive month. This is another opportunity to get to know Penang better. Previous year events: UNESCO World Heritage | Month-long celebration at George Town Festival 2013.

Malaysian Secondary Property Exhibition (MASPEX2015) Penang Edition is around the corner: Penang MASPEX 2015 Reboot In Queensbay Mall from 13 Aug 2015 to 16 Aug 2015. 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.

Reference: Penang Capital Investments 1QFY2015 In One Easy Step (Infographic)

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.

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

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.

Star Property Fair 2015 | A closer look at it

Another year, another property fair for Star Property Fair. This year Star Property Fair 2015 is in its 14th running series with more than 40 property exhibitors is currently underway at Gurney Plaza and G Hotel, Penang, Malaysia from 9 July 2015 to 12 July 2015.

As of last year, Eco World Development Group (EcoWorld) again been primely features at the gallery of Level 2, G Hotel while BSG Property and Ivory Properties Group been lucidly on display at the atrium of Gurney Plaza and IJM Land along with Asia Green been anchored fort at its new wing. Projects showcased is estimated with Gross Development Value (GDV) of RM40bil. 

Eco World Development Group (EcoWorld) has its maiden project in Penang, the Eco Terraces in Paya Terubong on displayed with its huge land of 12.79 acres for this project development. It is said only 30% of the land been developed to cater for its masterpiece of 33-storey tower block containing 333 lifestyle contemporary residences.

Tropicana Corporation Berhad joint ventured with Ivory Properties showcase its Tropicana Bay Residences, the 1st phase of Penang WorldCity. The WorldCity project is a freehold development in Bayan Bay's area.

BSG Property showcase Mira Residence at Tanjung Bungah, Middleton at Minden Heights, Oakridge near Queensbay Mall and Granito@Permail.

Jesselton Villas that been offered by Berjaya Land Development Sdn Bhd is a conceptualize freehold bungalow lots where discerning buyers able to build their dream homes on the purchase bungalow plots sit next to the prestigious Penang Turf Club.

IJM Land showcase their award winning The Light Waterfront Collections. It has fully scale model been displayed at their booth.

Mah Sing Group, lifestyle master developer at Batu Maung showcase their Southbay City, Legenda@Southbay, The Loft@Southbay, Southbay Plaza and Ferringhi Residence.

Asia Green Group showcase The Clovers and QuayWest Residence. They're the developer for Asia Hills bungalows in Bukit Gambier, Hilltop Villas in Batu Ferringhi, Asia Heights in Air Itam and Mandarin Quarter in Butterworth.

Other property developers that also have their respective showcase are Iconic Land Sdn Bhd, Tambun Indah, MTT Properties & Development Sdn Bhd, Tropicana Macalister (Penang) Sdn Bhd, Nusmetro City Sdn Bhd, Trimension Properties Group and Ideal Group.

The icing on the cake is Property Talk that is currently going on till this Sunday. The objectives as of Property Talk is to keep you abreast and arm you with information of what is currently going on specifically in Penang's real estate properties outlook and generally covers other finesse overseas market of the like Australian properties and UK properties during this four days event.

BSG Property showcase Mira Residence at Tanjung Bungah, Middleton at Minden Heights, Oakridge near Queensbay Mall and Granito@Permail.

Asia Green Group showcase The Clovers and QuayWest Residence.

IJM Land showcase their award winning The Light Waterfront Collections.

Eco World Development Group (EcoWorld) Gallery.

Mah Sing Group, lifestyle master developer at Batu Maung showcase their Southbay City, Legenda@Southbay, The Loft@Southbay, Southbay Plaza and Ferringhi Residence.

Property Talk session is going on.

Link to 2014 Star Property Fair: Star Property Fair 2014

Link to 2013 Star Property Fair: Stylish Living Property Fair 2013

Link to 2012 Star Property Fair: Penang Property | Star Property Fair 2012

Link to 2011 Star Property Fair: Penang Property Fair | Star Property Fair 2011

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.