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SITE PROGRESS: Fairview Residence (Oct 2021)

Property News/ 18 October 2021 No comments

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About Fairview Residence

Affordable housing development at Sungai Ara, Penang. Strategically located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. This is a joint venture development between BSG Property and VST Group. It features 34-storey condominium offering 750 units of affordable housing, with a standard built-up size of 970 sq.ft.

Find out more about Fairview Residence

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(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

NHC to ensure a centralised public and affordable housing industry

Property News/ 16 October 2021 No comments

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The Local Government and Housing Ministry is currently conducting an extensive research on the proposed National Housing Corporation (NHC).

Its minister Datuk Seri Reezal Merican Naina Merican said the objective to have the NHC was to ensure a centralised and standardise public and affordable housing industry for easier monitoring.

“Currently, we have 15 different agencies handling public and affordable home matters.

ideal-residency-ai“We want to consolidate all the 15 agencies under NHC to secure more targeted strategies,” he told a press conference after presenting the Ideal Residency affordable housing offer letters to the eligible applicants today.

Reezal Merican said RM3 million has been allocated for the extensive research of NHC.

“The period for the research is two years,” he said.

Separately, he said that he planned to proposed to the Federal Government to consider a MyHome 2.0 scheme.

“We need the Federal Government’s intervention or a facilitation fund to encourage developers to build more affordable homes,” he said.

Chief Minister Chow Kon Yeow welcomed the minister’s effort to consolidate the various Federal Government agencies that were handling public and affordable home matters.

“We hope that the ministry will also engage the stakeholders and consider their views. The Penang government is willing to cooperate and provide its input,” he said.

In his speech, Chow said the percentage of bank loan approvals for the year 2020 has reduced as compared to 2019.

“According to the HousingWatch.my portal, the percentage of bank loan approvals has decreased by 1.1% last year. It was 72% as at December 2020 as compared to 73.1% in 2019. This is the nationwide phenomenon.

“As for Penang, the percentage of bank loan approvals for the year 2020 has reduced by 1.2% last year. It was 73.1% as at December 2020 as compared to 74.3% in 2019,” Chow said.

Chow hoped that the Federal Government and the bank institutions could jointly address the matter.

State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo renewed the state’s commitment not to increase the price for low-cost (LC) and low medium-cost (LMC) homes.

“We want the Local Government and Housing Ministry to look into the matter.

“This is because there are states that have increase the price of their LC and LMC homes.

“We have to protect the people. That is our job,” he said.

Jagdeep thanked ministry for planning to build two People’s Housing Projects (PPRs) in Penang.

“I hope that the ministry can reconsider building five PPRs in Penang. Penang does not only consist of the island and the mainland, it consists of five districts,” he said.

Also present were Bukit Gelugor MP Ramkarpal Singh, Deputy State Secretary (Development) Datuk Azhar Arshad, PR1MA Malaysia chief executive officer Datuk Mohd Nazri Shariff and Ideal Property Group chief operating officer Datuk Goh Teng Whoo.

Source: Buletin Mutiara

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Scientex NRP Virtual Lucky Draw Total Prizes Worth RM10,000*

FEATURED

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Scientex Tasek Gelugor offers the First* Landed 2 Storey Affordable Homes with Freehold Title in Pulau Pinang with affordable price from RM226,800*.  Scientex Tasek Gelugor has recently launched the “Scientex NRP Virtual Lucky Draw” online campaign with more than RM10,000* worth of prizes to be won. Eligible purchasers will have to secure or purchase a unit with RM200* booking fee from 15/8/21-10/10/21 and obtain loan approval as well as to execute the Sales and Purchase Agreement before 31/10/21.

Announcement of winner will be made through Scientex Tasek Gelugor Facebook Page on 6/11/21. Book and secure a unit to stand a chance to win amazing prizes now!

Read the T&C here : http://shorturl.at/cdgoG

About Scientex Tasek Gelugor

To date, Scientex’s property division has delivered more than 25,000 affordable homes with a total land bank of 7,195 acres spreading over 29 prime locations. Commencing from the very first project in Pasir Gudang within the Southern Region (Johor and Melaka), Scientex has since expanded its presence to the Northern Region (Penang and Sungai Petani, Kedah) and Central Region (Negeri Sembilan, Selangor and Perak) of Peninsular Malaysia.

Scientex Tasek Gelugor spreads over a 179.7 acres of prime freehold land offering a total of 2,332 units of 2 storey terrace houses with affordable price as well as designed for the modern lifestyles with functional layouts affording ample space for everyone and every activity. Apart from that, commercial properties will also be offered to the market. The project is located in Tasek Gelugor, along Jalan Kubang Menerong. It is about 8km to Kepala Batas and North South Expressway. It is close to shopping malls ( Tesco, Mydin, Sunshine), educational institutions ( USM, UiTM, MRSM), recreational parks, healthcare facilities and etc.

Lily 3 is a 2 storey terrace house project with freehold title. It is the third phase of Lily series with 279 units offered. The booking fee to book a unit is now RM200* with additional rebate of RM1,000* offered.  Besides that, Scientex Tasek Gelugor’s first phase of commercial property is now opened for registration too.

To find out more details, kindly contact developer at
+6012-477 5583 or +604-573 5833

Website: www.scientex.com.my
Email: penang@scientex.com.my
Facebook : https://www.facebook.com/ScientexTG
Instagram : https://www.instagram.com/scientex_tasekgelugor

Register your interest here
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Hotayi BK2 expansion project at Batu Kawan

Property News/ 16 October 2021 No comments

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Another milestone is on the way for Hotayi Electronic (M) Sdn Bhd as they celebrated the groundbreaking ceremony of a new plant called ‘Hotayi BK2’ in Batu Kawan today.

Founded in 1992, the company is hopeful of celebrating not one but two achievements next year, which is its three decades of existence and expected completion of the new plant in April.

It was learnt that Hotayi will be investing a total of RM300 million on this expansion project.

Chief Minister Chow Kon Yeow, who officiated the groundbreaking ceremony, commended Hotayi on their latest project and was impressed that the new plant would be equipped with smart, green and nature-friendly concept.

He also went down memory lane, recalling when he witnessed the opening of ‘Hotayi on the Hill’ project in 2019.

“Two years ago, I was here for the opening of ‘Hotayi on the Hill’, and today, I’m glad to be here again to be part of the next step in making this latest expansion project a reality.

‘I am also pleased to see Hotayi continue to flourish here in Penang and is now one of the global leading Electronics Manufacturing Services (EMS) companies in Malaysia.

“Following Taiwan’s new southbound policy, Hotayi made the bold decision in 2017 to expand its production here, creating new jobs and strengthening strategic partnerships with clients in this region.

“I understand that through this new expansion project, Hotayi is expected to create some 600 high value jobs upon completion in April 2022.

hotayi-speach“The company has been actively cultivating engineering talents and skilled workers, and this new expansion project will undoubtedly broaden this effort and further sharpen the competitiveness of the local workforce,” Chow said during his speech at the groundbreaking ceremony in Batu Kawan today.

Meanwhile, Hotayi chairman Datuk Seri Lee Hung Lung expressed his profound gratitude to the state government, contractors and relevant parties for making the expansion project a reality.

“It would not have been possible without the collective effort by all these groups of people.

“They made it happen.

“Despite the growing concerns and uncertainties due to the Covid-19 pandemic, the decision to expand was a tribute to the hard work of everyone”, Lee said during his speech.

Representative from the Taiwan Economic and Cultural Office, Dr Lien Yu-Ping, said that Malaysia and Taiwan have maintained a very strong economic relationship over the years.

“Today’s event is a proof that these two countries share a strong bond with one another.

“Penang is a popular hub filled with high-tech individuals, working and contributing immensely in the electrical and electronics industry.

“It is hoped that despite the current challenges in the form of Covid-19, may this new plant be a platform to hire high-performing individuals and may they all continue to flourish in their respective roles,” Lien said.

Separately, Chow also said Hotayi shares the vision of nurturing talent, particularly in the field of STEM (Science, Technology, Engineering and Mathematics).

“They have been very supportive of the projects that spur interest in STEM amongst the young generation by contributing to the Tech Dome Penang Project.

“In addition, they have also been actively involved in social charity activities, education and medical care, especially for those affected by this Covid-induced mayhem,” he added.

Also present during the ceremony were State Speaker Datuk Law Choo Kiang, Batu Kawan MP Kasthuriraani Patto, Bukit Tambun assemblyman Goh Choon Aik, Seberang Perai City Council (MBSP) mayor Datuk Rozali Mohamud, Penang Island City Council (MBPP) mayor Datuk Yew Tung Seang and InvestPenang chief executive officer Datuk Loo Lee Lian.

Source: Buletin Mutiara

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SITE PROGRESS: Wellspring Residences (Oct 2021)

Property News/ 15 October 2021 No comments

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About Wellspring Residences

A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 residential units with built-up sizes ranging from 1,070 sq.ft. – 1,260 sq.ft.

Find out more about Wellspring Residences

Register your interest here to keep yourself updated with future development

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

MBSP and Think City sign MoU to create ‘20-Minute City’

Property News/ 15 October 2021 No comments /中文版

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One day, pedestrians or those cycling from one location to another around the city of Seberang Perai may only take less than 20 minutes, such as Melbourne (Australia) and several other famous cities in the world.

This was mentioned by the Mayor of Seberang Perai City Council (MBSP), Dato ‘Sr. Rozali Mohamud after signing a memorandum of understanding (MoU) with Think City, a subsidiary of Khazanah National Berhad to further rejuvenate Butterworth and improve the livability of the locals.

“Six projects have been planned to be implemented in 2022, namely the Public Realm Urban Design Guidelines (UDG) for 20-Minute City, community involvement in the design of concept plans in Taman Pantai, Butterworth and Sungai Perai programs.

“Other projects include the upgrading of Jalan Jeti Lama Market which cost RM4 million to be borne by MBSP, the upgrade of Pocket Parks and Rain Garden as well as the expansion of Butterworth Art Walk,” said Rozali in the brief event at MBSP Tower yesterday.

Also present were acting City Secretary, Baderul Amin Abdul Hamid; Council members for the relevant Local Authorities (PBT) and the Managing Director of Think City Sdn. Bhd., Hamdan Abdul Majeed.

Rozali added that the MoU signed for the period 14 October 2021 to 13 October 2026 is an extension of the memorandum of understanding previously signed for a period of five years, on 8 January 2016.

Commenting further on the previous MoU, Rozali explained that MBSP had successfully rejuvenated Butterworth through programs and projects such as Butterworth Fringe Festival (BFF), upgrading a pocket garden at Lebuh Bengal, Ria Apartment swimming pool, Butterworth Digital Library development, Butterworth Art Walk and development of bazaar MARA Bagan.

“In line with this MoU, an extension of cooperation in the implementation of the New Butterworth Program involving the Adopting 20-minute City Project in Butterworth will be held in January 2022.

“We plan to create seven neighborhoods with the concept of ’20-minute City ‘in Seberang Perai.

In ‘20 -Minute City ’, we will only talk about the cycling and walking lifestyle to access basic amenities such as school, daily equipment, hospital and leisure.

“Meanwhile, movement among several townships will use public transport within 20 minutes.

“So, with the development of ’20-Minute City ‘in the neighborhood and between townships, it will make Seberang Perai the first 20-minute city in Malaysia,” he explained.

In this regard, Rozali hopes that more private parties can come together to make the project a success by 2030.

Source: Buletin Mutiara

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