E&O focuses to complete STP2 reclamation by this year

February 23rd, 2018 No comments

stp2-designLifestyle luxury developer Eastern & Oriental Bhd (E&O) will remain focused on completing the reclamation of Seri Tanjung Pinang Phase 2 (STP2) in Penang by the second half of this year.

According to managing director Kok Tuck Cheong, land titles for areas reclaimed above two metres chart datum (CD) have been obtained from the relevant authorities.

“Concurrently, more detailed design works for STP2A, based on the parameters of the broad conceptual master plan, have commenced and are at the initial stages,” he said in a statement.

The two-phased Seri Tanjung Pinang (STP) is a master-planned seafront development on the northeast coast of Penang island.

The 97ha first phase, Seri Tanjung Pinang Phase 1 (STP1), is fully reclaimed.

SSTP2, located in the waters to the east of the first phase, covers an area of 308ha. The first tranche of reclamation works for STP2 commenced in 2016.

Kok said in the next 12 to 18 months, the group would be mobilising sales of the final phase of Ariza Seafront Terraces at STP1.

E&O is also targeting to launch properties in STP2A, of which Retirement Fund Inc (KWAP) has a 20 per cent share.

KWAP acquired 20 per cent of the STP2A development land measuring about 1.45 million sq ft of net development land for RM766 million from E&O’s subsidiary Tanjung Pinang Development Sdn Bhd ― the project proponent for STP2A.

Source: NST Online

 

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Festive treat for homebuyers

February 22nd, 2018 No comments

utropolis-treatThere was a festive mood in the air as visitors and clients gathered at the open house hosted by Paramount Utropolis Sales Gallery at Design Village Penang.

They were treated to a scrumptious spread of dishes as well as local delights such as nyonya kuih, laksa, fried rice, tropical fruits and ais kacang.

Paramount Property (Utara) Sdn Bhd Sales and Marketing senior manager Teoh Boon Hooi said this was the fourth time they were hosting an open house since the sales gallery opened last June.

“We hold an open house every festive season.

“It is our way of treating our clients and the public as we want everyone to have a great time.

“Everyone is welcome. We usually send out messages to our clients and advertise in newspapers to keep the public informed about the open house,” he said at the event on Sunday in Bandar Cassia, Batu Kawan, Penang.

Paramount Property (PW) Sdn Bhd project general manager Ooi Ee Sze said phase one of the 44.3acre (17.9ha) Paramount Utropolis project known as ‘Sensasi’ was 91% sold.

She said ‘Sensasi’ comprises 612 serviced apartments with sizes ranging from 500sq ft to 729sq ft.

“The units are priced between RM268,000 and RM380,000 with vacant possession expected next year.

“Sensasi also has 196 units of retail shops which have been 70% sold,” she said.

Ooi added that phase two known as ‘Suasana’ was launched during Chinese New Year and was purely residential.

She said the project would consist of 491 serviced apartments priced between RM450,000 and RM680,000.

“There will be three sizes – 926sq ft, 1,076sq ft and 1,313sq ft.

“We also have upcoming phases, which are mixed developments.

“We are also looking into developing a wellness centre focusing on senior living facilities, as well as commercial development.

“There is also the flagship KDU Penang University College campus which can cater to 5,000 students and will be open for intake next year,” she said.

For details, visit the sales gallery at Design Village Penang or contact 04-5060350/012-5010733.

Source: TheStar.com.my

 

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Celesta Residence

February 20th, 2018 9 comments

celesta-residence-main

Celesta Residence, yet another upcoming mixed development by Red Blue Development Sdn. Bhd. in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It is adjacent to The Sun @ Sungai Nibong mixed development scheme, within walking distance to the proposed Sungai Nibong LRT station.

* Find out where is the proposed Sungai Nibong LRT station *

This development will offers a mix of residential and commercial components:

  • 25-storey condominium (89 units)
  • 3-storey semi-detached (2 units)
  • 3-storey shop offices (3 units)

More details to be available upon project launch.

Project Name : Celesta Residence
Location : Sungai Nibong, Penang
Property Type : Mixed development
Total Units: 89 (condo), 2 (semi-d), 3 (shop offices)
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Red Blue Development Sdn. Bhd.

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

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UPCOMING: Bukit Minyak / WHH Land

February 18th, 2018 No comments

upcoming-taraf-ria-sdn-bhd

A proposed commercial development by Taraf Ria Sdn. Bhd. (WHH Land) at Bukit Minyak. Strategically located along Jalan Bukit Minyak, adjacent to BM Permai housing scheme. It is only 500 meters away from AEON Big hypermarket, about 10 minutes drive to Penang bridge.

This development comprises a 15-storey commercial building, featuring 2-storey shop offices and a hotel with 180 rooms.

This project is still pending for approval, more details to be available upon official project launch.

Project Name: (to be confirmed)
Location : Bukit Minyak
Property Type : Commercial development
Tenure : Freehold
Total Units: 12 (shop office), 180 (hotel room)
Indicative Price: (to be confirmed)
Developer : Taraf Ria Sdn. Bhd. (WHH Land)

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Location Map:

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Property Events & Promotion during Chinese New Year!

February 15th, 2018 Comments off

Wishing you a Happy and Prosperous Chinese New Year!

It has been a tradition for family and friends to visit open house during this festive season. However, it is always a challenge to know who are organizing the open house event especially when it’s from developers.

Worry no more! We have consolidated all these just for you and your family….to spend your Chinese New Year holiday to the fullest while enjoying the refreshment and of course to also search for your dream home :)

Paramount CNY Open House @ Utropolis

Paramount CNY Open House @ Utropolis

(18/2) A blossoming ambience beckons you to Utropolis Batu Kawan CNY Open House ...
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Berjaya CNY Open House 2018

Berjaya CNY Open House 2018

(18/2) Let's create an unforgettable Chinese New Year together at Berjaya Properties Galleries on 18 February 2018 ...
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Runnymede CNY 2018 Celebration

Runnymede CNY 2018 Celebration

(18/2) Celebrate this prosperous Chinese New Year with Runnymede Group at Batu Uban, Penang and enjoy Ang Pow up to ...
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WHH Land CNY Special Deal

WHH Land CNY Special Deal

(18/2 & 19/2) Show houses open for viewing. Check out WHH Land Chinese New Year special deals ...
Read More
Botanica.CT CNY Showcase

Botanica.CT CNY Showcase

(18/2 - 25/2) Showcasing a township in a greenery environment at QBM from 18 to 25 Feb ...
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Asia Green CNY Special

Asia Green CNY Special

(19/2 - 2/3) Win "Chinese Mandarin Lucky Draw" up to RM88,000 discount voucher at Clover's Sales Gallery ...
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Mah Sing's Charm of CNY Contest

Mah Sing’s Charm of CNY Contest

(20/2 & 24/2) Welcome to Mah Sing Group's open house celebrations nationwide. Book now and enjoy special CNY incentives ...
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Win a Gold Bar

Win a Gold Bar

(20/2) Win a Gold Bar or a Gold Coin at Setia Fontaines Satellite Gallery @ SPICE Canopy ...
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Eco Horizon Heartsprings of Spring

Eco Horizon Heartsprings of Spring

(2/3) Celebrate the Spring Lantern Festival in the abundance of lights and love with your friends and family. Share a ...
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Celebrate CNY with Miichael Yeoh

Celebrate CNY with Miichael Yeoh

(3/3) How to make money through Property Investments in Penang ...
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