MAPEX – Home Ownership Campaign 2019

June 15th, 2019 Comments off

Mapex 6

For those of you who want to enjoy the benefits of what the HOC 2019 campaign has to offer, it’s not too late! Make your way to the Malaysian Property Expo (MAPEX-HOC 2019) at Gurney Plaza Penang from 20th June – 23rd June 2019!

Organized by the Real Estate and Housing Developers’ Association (REHDA) Malaysia, the MAPEX- HOC 2019 will be held at the Gurney Plaza in Penang from 20 to 23 June (Thursday-Sunday) from 10am to 10pm.

Make sure to mark your calendars and join MAPEX – HOC 2019 this 20th – 23rd June at Gurney Plaza, Penang ( new wing )! Don’t miss out on the last chance to enjoy the HOC 2019 campaign packages offered and grab the great deals while you can before the campaign ends! You won’t know what you’ve missed until it’s gone!

Categories: Property News Tags:

Scientex buys land to expand property development to Penang

June 14th, 2019 No comments


Scientex Bhd is buying six parcels of freehold land measuring 7.83 million square feet in Penang to expand its land bank for property development activities to the north from the southern part of Peninsular Malaysia. These land banks are located less than 5km away from Setia Fontaines mega township development by SP Setia.

Its unit, Scientex (Skudai) Sdn Bhd, inked the agreement to buy the land in North Seberang Perai from Palma Indah Sdn Bhd for RM109.59 million today.

The land bank expansion was in line with the group’s vision to build 50,000 affordably-priced quality homes throughout the nation by 2028, Scientex said in a filing with Bursa Malaysia.

The company, which is also a packaging manufacturer, said the proposed acquisition would be funded by internally generated funds, bank borrowings and issuance of sukuk murabahah.

The deal is expected to be completed in the first half of next year.

Source: Bernama

Categories: Property News Tags:

Penang rolls out rent-to-own houses

June 12th, 2019 No comments 中文版

rto-penangThe Penang government is encouraging more people to own homes through its rent-to-own (RTO) scheme.

State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state was happy to introduce the RTO scheme to those who could not afford to even buy low-cost homes, due to the high loan rejection rate by banks.

“The RTO scheme is unlike renting the People’s Housing Project (PPR). The RTO scheme allows the tenants to become owners after renting for a period of time.

“We have applied the RTO scheme on two projects in south Seberang Perai – Taman Seruling Emas and Taman Sungai Duri Permai.

“Tenants of Taman Seruling Emas only pay RM100 a month and a RM20 maintenance fee for 15 years. The Government subsidises RM5,000.

“The actual price of the unit is RM25,000 but we are only charging the prospective buyer about RM22,000.

“As for the Taman Sungai Duri Permai low-cost housing project, the tenants pay RM150 per month and RM20 maintenance fee for 23 years.

“The RTO scheme for the two projects was successful,” Jagdeep told a press conference at the K Park low-cost housing project off Jalan Kuala Jalan Baru, Balik Pulau, on Monday.

Jagdeep said the RTO scheme would also be applied on K Park.

“The project has four blocks of low-cost flats. Two blocks of flats will be sold via the RTO scheme to help the needy. The state Housing Department will be supervising the process.

“The Penang government will continue to urge the Federal Government to address the high loan rejection rate,” he said.

He also said that the state has identified another RTO scheme housing project in Kampung Tok Subuh, central Seberang Perai.

Property developer Ideal Property Group senior construction manager Ang Eng Huat said the construction works of the project was 70% completed.

“It is scheduled to complete by the first quarter of next year,” he said.

Source: Buletin Mutiara


Categories: Property News Tags:

K Park

June 11th, 2019 1 comment 中文版


K Park, an affordable housing development by Ideal Homes Properties Sdn. Bhd. at Balik Pulau, Penang. It is located near the west coast of Penang Island, adjacent to Prestige III housing scheme by PLB Homes. Driving to Balik Pulau town centre will take approximately 10 minutes, under 35 minutes to Bayan Lepas Free Trade Zone during off peak hours.

This development comprises four low-cost apartment blocks, offering a total of 1,175 residential units with a standard built-up size of 650 sq.ft. Half of the low-cost units will be sold via RTO (Rent-to-own) scheme, which will be supervised by Penang state Housing Department.


Project Name: K Park
Location: Balik Pulau
Property Type: Affordable Housing (low cost)
Built-up Size: 650 sq.ft.
Total Units: 1,175
Indicative Price: RM42,000
Developer: Ideal Homes Properties Sdn. Bhd.

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.)

Location Map:



1 City Condominium

June 10th, 2019 No comments


1 City Condominium, an upcoming residential development by Paramount Garden Sdn. Bhd. at Bukit Minyak. Located off Jalan off Jalan Pinang, adjacent to 1 City Shop Offices by the same company. It is just a stone’s throw away from Bukit Minyak Industrial Park, about 5km away from North-South Expressway – Auto City interchange.

This development will see the construction of a 26-storey condominium, featuring 148 residential units with 5-level multi-storey car park.

More details to be available upon official launch.

Project Name : 1 City Condominium
Location :
Property Type : Condominium
Total Units: 148
Built-up Size: 950 sq.ft. & 1,050 sq.ft.
Indicative Price: (to be confirmed)
Developer : Paramount Garden Sdn. Bhd.

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.)

Location Map: