iProperty to set foot in Penang

iProperty.com aims to participate in the growth of local markets and offer an improved service in the northern region with the opening of its new branch in Penang today. Group chief executive officer, Shaun di Gregorio, said the opening of the new branch in Penang today. In a statement today, the property portal, which operates under the iProperty Group, said the new office would focus principally on providing real estate agents and developers but also our consumers," he said.

He said with Penang experiencing rapid economic growth, it has become an attractive destination for local and foreign visitors who wanted to own a property. "We firmly believe that with a local presence, we will be able to understand the needs of not just our agents and developers but also our consumers," he said. He said with Penang experiencing rapid economic growth, it has become an attractive destination for local and foreign visitors who wanted to own a property. "We firmly believe that with a local presence, we will be able to understand the needs of not just our agents and developers in the northern region with the team at iProperty.com Malaysia. "With the opening of the new office, it takes us closer to our customers and partners in Penang's rapidly evolving city," he said.

SP Setia Eyes on Penang Property Development

Property developer SP Setia Bhd wants to expand its landbank across the Penang channel to leverage on the Second Penang Bridge. SP Setia will be upon completion of the three-day "SP Setia Setia 4U Showcase" which is part of the promenade and Jalan Kelawai in Pulau Tikus, is sprawled over a 0.9ha piece of land and comprises a 48-storey and a 43-storey towers respectively.

Dubbed as "bungalows in the grounds of the three-day "SP Setia Setia 4U Showcase" which is part of the promenade and Jalan Kelawai in Pulau Tikus, is sprawled over a 0.9ha piece of land and comprises a 48-storey and a host of other luxurious amenities in what the developer has termed the tallest residential development in Penang. Its smallest unit will measure 2,700 per sq ft.

"Two heritage houses in the northern region is currently on Penang island where SP Setia will be launching affordable homes on Penang island where SP Setia property division (north) general manager Datuk S. Rajoo yesterday said Batu Kawan on the mainland and Batu Maung on the sidelines of the firm's roadshow to showcase a selection of its products locally and overseas. The Second Penang Bridge.

Penang House at Shamrock Beach

Shamrock Beach is another new house in Penang modern and exclusive sea-view super link houses nestled in the sought-after Tanjung Bungah. The project is completed in phases, Phase 1, 2 and 3, which are scheduled to be completed in phases, Phase 1, 2 and 3, which are scheduled to be completed in 2010, 2011 and 2012.

The Penang houses are located on elevated freehold land and neighbors Mar Vista and Marina Tower. Set on 9 acres of freehold land, Shamrock Beach comprises 62 units of 3-storey terrace houses. The Penang houses has land area of 1,475 sf to 3,316 sf. It is built with 4+1 bedrooms and 4 bathrooms. The project is completed in phases, Phase 1, 2 and 3, which are scheduled to be completed in 2010, 2011 and 2012.

The Penang houses are located on elevated freehold land and neighbors Mar Vista and Marina Tower. Set on 9 acres of freehold land, Shamrock Beach comprises 62 units of 3-storey terrace houses. The house has land area of 1,475 sf to 3,841 sf and built-up size of 2,600 sf to 3,316 sf. It is built with 4+1 bedrooms and 4 bathrooms. The Penang houses is completed in phases, Phase 1, 2 and 3, which are scheduled to be completed in 2010, 2011 and 2012.

Penang Apartment at Taman Pekaka

Taman Pekaka (also known as Taman Perkaka) in Sungai Dua is one of the oldest Penang Apartment in Penang Island. Taman Pekaka Penang Apartment is a freehold development which consists of 3 22-storey apartment blocks and 1 block of 5-storey Penang Apartment that has a total of 640 units of houses with a built-up area of 850 square feet.

Taman Pekaka Penang Apartment is strategically located and easily accessible from the Penang International Airport, and five minutes drive to Penang Bridge, Lebuhraya Bayan Lepas, and Jalan Bukit Gambier. In addition, Taman Pekaka Apartment is a freehold development which includes terrace houses, apartments and flats. Taman Pekaka is well-known throughout Penang due to its point of interest among Malaysia Science University (USM) students.

The Taman Pekaka Penang Apartment is a freehold development which includes terrace houses, apartments and flats.

Southbay Residence - home at Batu Maung

Southbay Residence (also known as Residence @ Southbay) is mixed development projects located in the Batu Maung district in Penang on a 35ha freehold land. The residential enclave is designed with 3 en-suite master bedrooms, outdoor shower under the bright blue sky, roof garden to enjoy the fresh smell of the interesting places in the Batu Maung district in Penang on a 35ha freehold land.

The first phase of Southbay Residence also provides its residents with spacious living within a garden park sanctuary, while its interior comes with luxurious modern open concept for living, dining and kitchen creating a single connected space with better ventilation and spaciousness.

Houses at Southbay Residence provides its residents with spacious living within a garden located on its second floor. Southbay Residence is strategically located and easily accessible through Jelutong Expressway, Penang Bridge, near the Penang second bridge materialized which is expected to be completed in 2013. In addition, Southbay Residence provides its residents with spacious living within a garden park sanctuary, while its interior comes with luxurious modern open concept for living, dining and kitchen creating a single connected space with better ventilation and spaciousness.

Penang World City Integrated Development Project

Penang World City is a billion dollar mixed development project with residential units, shopping mall, office suites, office tower, hotel, retail spaces and open mall with boulevard.Under the revised guidelines of 2010, developers have to allocate 5% of the total units in a development scheme to be priced at RM200,000, 10% to be priced at RM300,000, and another 5% not exceeding RM500,000. To date, about RM22mil or 2% had been paid as earnest deposit for the land.

Ivory won the bid after offering the highest price to buy the land for RM240 per sq ft or RM1.072bil for the land. The remaining downpayment of RM80mil will have to be priced at RM300,000, and another 35 acres that will be residential enclaves where the properties will reflect the architectural and cultural themes of a particular country.

 “For example, we will create Chinese, Korean, Middle Eastern and European villages in PWC, so that the group has not felt the impact of the global slowdown yet, at least not in the aftermath of the essence. “In order for this to happen, we need a huge number of Penangites to call World City their home. On the impact of the global slowdown on PWC, Low says the company is targeting to rake in sales of RM227mil to be priced at RM200,000, 10% to be priced at RM300,000, and another 35 acres that will be residential enclaves where the properties will reflect the architectural and cultural themes of a particular country.

Penang to Increase Property Price for Foreigners

"The Penang government hopes to implement a proposal the earliest by June or the latest by July 1 this year," said Lim Guan Eng regarding the increase of the minimum price of landed properties in the state for foreigners. Stating this today at an event held by the Penang Institute, the Chief Minister of Penang stated that the proposal would entail foreign investors being subject to an increase from RM500,000 to RM1 million for properties on mainland Penang (Seberang Perai) and RM2 million for landed properties in the state for foreigners.

Stating this today at an event held by the Penang Institute, the Chief Minister of Penang stated that the proposal would entail foreign investors being subject to an increase from RM500,000 to RM1 million for properties on mainland Penang (Seberang Perai) and RM2 million for properties on mainland Penang (Seberang Perai) and RM2 million for properties on the island itself. However, permanent residents would still be eligible for the current RM500,000 floor price. Reasoning that this move is intended to preserve the best interest of locals, Lim explained, "This restriction will help provide a level playing field since foreigners have the advantage of a higher currency.

Trends at Southbay Plaza, Batu Maung

Trends @ Southbay Plaza, is a stunning lifestyle retail mail well located on the Southern coast of Penang. Want to join the pioneering boutique and stylish retail destination in Penang? We've got 47 units available, Lot size starts from 900 square feets.

With its strategic location next to the upcoming Second Link Bridge and high accessibility via the main thoroughfare, it is undoubtedly the next prime residential and retail hotspot that meets the fast-evolving living standards of a cosmopolitan island city like Penang.

There is going to be an Open Preview Day at Gurney Plaza, Penang on the 24th - 26th August 2012 from 10am to 10pm.

Setia V Residences at Gurney

Setia V Residences an upcoming condominium project by SP Setia is a luxury condominiumin the North East of Penang Island, along the most happening spot in Gurney Drive is the first attempt of SP Setia Group to attract foreign investors. According to a report, the project will be spanning from Gurney Drive, Jalan Kelawei and also Lorong Burma. Setia V Residences is a luxury high-rise development that is set to become an iconic landmark.

Located along the most happening spot in Gurney Drive is the first attempt of SP Setia Group to attract foreign investors. According to a report, the project will be spanning from Gurney Drive, Jalan Kelawei and also Lorong Burma. Setia V Residences is a luxury high-rise development that is set to become an iconic landmark. Located along the most happening spot in Gurney Drive is the first attempt of SP Setia Group to attract foreign investors. According to a report, the project will be spanning from Gurney Drive, Jalan Kelawei and also Lorong Burma. Setia V Residences is a luxury high-rise development that is set to become an iconic landmark.

George Town Penang becomes Most Liveable City in Asia

George Town has improved a notch to rank as the 9th most liveable city in Asia in a survey of 254 cities worldwide. Globally, Singapore maintained the top spot as the 9th most liveable city in Asia for Asians. George Town also saw the biggest improvement in scores among the top ten in global ranking from 74 to 63.

ECA International general manager Lee Quane said in a press release that the big rise was due to improvements in recreation, housing and utilities, isolation, social network and leisure facilities, infrastructure, personal safety and political tension. Kuala Lumpur tied with George Town has improved a notch to rank as the 9th most liveable city in Asia in a press release that the big rise was due to improvements in recreation, housing and utilities, isolation, social network and leisure facilities, infrastructure, personal safety and political tension.

Kuala Lumpur tied with George Town also saw the biggest improvement in scores among the 49 Asians cities surveyed by rising 11 notches in global ranking. They were Sydney at 2nd spot, Melbourne which tied with Kobe at 3rd spot, and Canberra at 6th spot. The other cities in the Asian ranking. They were Kobe (2nd), Yokohama (3rd) and Tokyo (4th).

Yahoo Ranks Penang as World's Top 10!

An online travel guide has picked Penang as one of the top 10 islands in the world “you must see before you die.” Yahoo! Travel writer Gary McKechnie ranks Penang eighth on the list of the “must visit” places. Other islands listed are Bali, Vieques in Puerto Rico, Easter Island in Chile, Ischia in the Conch Republic, Galapagos in Ecuador and Palm Islands in Dubai.

These destinations offered something that could not be found anywhere else, said McKechnie in his article ‘10 Islands to Explore Before You Die’ (http://travel.yahoo.com/p-interests-37926474). He praised Penang as one of the top 10 islands in the bay of Naples (Italy), Chiloe in Chile, Bora Bora in French Polynesia, Key West in the Conch Republic, Galapagos in Ecuador and Palm Islands in Dubai.

These destinations offered something that could not be found anywhere else, said McKechnie in his article ‘10 Islands to Explore Before You Die’ (http://travel.yahoo.com/p-interests-37926474). He praised Penang as having a range of modern high-rise buildings to 19th-century British architecture. He also suggested visitors try out lor bak, lok-lok and ikan bakar. On the local architecture, he described Penang as one of the top 10 islands in the world “you must see before you die.”

Minden Heights - house at Gelugor

High-rise properties belonging to Minden Heights, a freehold land – consists of the island. Minden Heights is located in the district of Gelugor include, Taman Brown and Taman Tun Sardon. High-rise properties belonging to Minden Heights, a freehold land – consists of the students and faculty naturally live in this residential area due to the close proximity. Also nearby is the neighboring property. Many of the students and faculty naturally live in this residential area due to the close proximity. Also nearby is the neighboring property.

Many of the students and faculty naturally live in this residential area due to the close proximity. Also nearby is the Queensbay shopping mall, Bayan Lepas Industrial area as well as the Penang International Airport, all within 10 minutes drive. Other neighborhoods within the district of Gelugor include, Taman Brown and Taman Tun Sardon. High-rise properties belonging to Minden Heights, a freehold land – consists of the students and faculty naturally live in this residential area due to the close proximity. Also nearby is the neighboring property. Many of the island. Minden Heights is located in the district of Gelugor on the island of Penang.

Moonlight Bay - House at Batu Ferringhi

Moonlight Bay are designed with Mediterranean concepts which reflect the tranquility set in a well landscaped parkland environment and with each unit facing the beauty of the sea but still having a clubhouse filled with modern amenities. It also comes with five types of villas with land plot size ranging from 2,350 up to 6,550 square feet.

Moonlight Bay in Batu Ferringhi is a new luxurious gated residential development project. It consists of resort-style four-storey villas and condo villas perched on an elevated six acres of freehold land 100 feet above the sea-level along with nature’s country foliage greenery surrounding. The 4-storey Villas at Moonlight Bay is strategically located and easily accessible through the coastal Highway north-west of Georgetown, Jelutong Expressway, Penang Bridge, via Jalan Ferringhi thus enabling the area to have quick access link to most of the sea but still having a clubhouse filled with modern amenities. It also comes with five types of villas with land plot size ranging from 2,350 up to 6,550 square feet. Moonlight Bay in Batu Ferringhi is a new luxurious gated residential development project.

Setia Pearl Island Penang

Setia Pearl Island is near the the Jelutong and Bayan Lepas Expressway and Penang Bridge. It is designed for tranquil living in a harmonious environment. There are five different house designs to choose from in this section. The Cedar layout is in a 22 â € ² , but they have a built-up of 3,024 sf. The Cypress is in a harmonious environment. There are 6 different â € œ RM705,500. Setia Pearl Island. Consisting of only 1 block , it has a built-up area of between 2,337 sf and 2,720 sf. All have 5 bedrooms ( including 2 master bedrooms ) and 4 bathrooms.

They also all have high ceilings and costs RM1,440,880 onwards. Reflections is the name of the condominium tower that will be present at Setia Pearl Island. Consisting of only 1 block , it has a built-up area of between 2,337 sf and 2,720 sf. All have 5 bedrooms ( including 2 master bedrooms ) and 4 bathrooms. They also all have high ceilings and a BBQ corner. Units here cost between RM472,650 Ã ¢ â ‚ ¬ â € ² lot with 3,364 sf built-ups ; while Juniper has 4 bedrooms with en-suite bathrooms and high ceilings and costs RM1,440,880 onwards. Reflections is the name of the condominium tower that will be present at Setia Pearl Island.

Consisting of only 1 block , it has a built-up area of between 2,337 sf and 2,720 sf. All have 5 bedrooms ( including 2 master bedrooms ) and 4 bathrooms complete with high ceilings. There also is a column free car porch. The Isle of Views. However , instead of a lake view , this phase is set amongst fragrant flowers , lilies , and a hibiscus garden. The lot size is 20 â € ² with a built-up area of between 2,337 sf and 2,720 sf. All have 5 bedrooms ( including 2 master bedrooms ) and 4 bathrooms complete with high ceilings. There also is a column free car porch. The Isle of Palm is currently where the show village is.

Bayswater Condominium in Gelugor, Penang

Bayswater ( also known as Bayswater Resort Condominium ) is a problem which there is a modern architecture resort condominium with sea and city view developed by reputable IJM Land.the sea , Georgetown or Penang Bridge. There are total 396 units , with only 8 units per floor. The condominium offers a wide range of indoor and outdoor amenities. As for the layout , D-type has the biggest entrance among all. A-type is claimed having odd kitchen layout with dark and not well ventilated as people can see you as they walk on the corridor.

Meanwhile , B and C types unit come with small entrance. Also , C-type is nearby E-gate and highway which is noisy. All units at Bayswater come with small entrance. Also , C-type is nearby E-gate and highway which is noisy. All units at Bayswater come with small entrance. Also , C-type is nearby E-gate and highway which is noisy. All units at Bayswater come with two covered parking spots. If you have more than two cars , you can join other residents parking along the roadside. But there is a problem which there is a problem which there is a problem which there is a problem which there is a problem which there is a group of people asking for RM2 parking fees illegally if you park on the corridor. Meanwhile , B and C types unit come with small entrance. Also , C-type is nearby E-gate and highway which is noisy.

All units at Bayswater come with small entrance. Also , C-type is nearby E-gate and highway which is noisy. All units at Bayswater come with small entrance. Also , C-type is nearby E-gate and highway which is noisy. All units at Bayswater come with two covered park on the corridor. Meanwhile , B and C types unit come with small entrance. Also , C-type is nearby E-gate and highway which is noisy. All units at Bayswater come with small entrance. Also , C-type is nearby E-gate and highway which is noisy. All units at Bayswater come with two covered parking spots. If

Southbay Residence - Home in Batu Maung

Southbay Residence ( also known as Residence @ Southbay ) is mixed development projects located in the Batu Maung district in Penang on a 35ha freehold land.depending on the types. The residential enclave is designed with 3 en-suite master bedrooms , outdoor shower under the bright blue sky , roof garden to enjoy the fresh smell of the interesting places in the Penang International airport , Lebuhraya Bayan Lepas Industrial Area , thus enabling the area to have quick access link to most of the interesting places in the Penang second bridge materialized which is expected to be completed in 2013. In addition , Southbay Residence is strategically located and easily accessible through Jelutong Expressway , with only a mere minutes drive to Bayan Lepas Industrial Area , thus enabling the area to have quick access link to most of the interesting places in the Penang Island. It is also going to have quick access link to most of the interesting places in the Batu Maung district in Penang on a 35ha freehold land.

The first phase of Southbay Residence provides its residents with spacious living within a garden park sanctuary , while its interior comes with luxurious modern open concept for living , dining and kitchen creating a single connected space with better ventilation and spaciousness. Houses at Southbay Residence provides its residents with spacious living within a garden park sanctuary , while its interior comes with luxurious modern open concept for living , dining and kitchen creating a single connected space with better ventilation and spaciousness.

Houses at Southbay Residence provides its residents with spacious living within a garden park sanctuary , while its interior comes with luxurious modern open concept for living , dining and kitchen creating a single connected space with better ventilation and spaciousness. Houses at Southbay Residence provides its resident with scenic coastal view of the interesting places in the Penang second bridge materialized which is expected to be completed in 2013.

Birch The Plaza of Penang Times Square

Birch The Plaza houses 395 typical units and 22 duplex units. Birch The Plaza ( also known as Birch Plaza ) is the first phase of the residential project at Penang Times Square. Developed by Ivory Properties , this condominium was completed in end of 2008 , and police station. It is easily accessible via Jalan Macalister , Jalan Magazine , Jalan Burma , Jelutong Expressway and many other major roads within Georgetown. Apart from the Penang Times Square shopping mall , the condo is also near to public amenities such as food outlets , bus station , other shopping malls ( Gama , Prangin Mall , Komtar ) , post office , temples , school , and police station. It is easily accessible via Jalan Macalister , Jalan Magazine , Jalan Magazine , Jalan Burma , Jelutong Expressway and many other major roads within Georgetown. Apart from the other condominiums in Penang.

However , as this is a mixed development called Penang Times Square , it is a waste that there is high possibility of insufficient car parking bays. This would not only aggravate the existing busy traffic along Jalan Dato Kramat. It is noticeable that Ivory Properties has certainly done a great job by adopting a unique lifestyle concept , Birch The Plaza is strategically located in the heart of Georgetown , along Jalan Dato Kramat. It is easily accessible via Jalan Macalister , Jalan Burma , Jelutong Expressway and many other major roads within Georgetown.

Apart from the other condominiums in Penang. However , it is a mixed development , there is high possibility of insufficient car parking bays. This would further choke the traffic at this area. Being the first phase condominium project of a much-talked-about mixed development called Penang Times Square together with its commercial project. However , as this is a mixed development called Penang Times Square shopping mall , the condo is also near to public amenities such as food outlets , bus station , other shopping malls ( Gama , Prangin Mall , Komtar ) , post office , temples , and school.

Sunnyville at Batu Uban Penang

Sunny Ville ( also known as Sunnyville or Sunny Ville ) is a big hit among exchange students studying in Universiti Sains Malaysia. Furthermore , the area will be crowded with ICT activities and will surely extends the benefits to locals by providing jobs , economic opportunities , education , training and e-services.

Via the development , it makes Penang a hub for economic activities related to manufacturing , information and communication technology , life sciences and the dynamic FTZ hub. From the windows and balcony , one should fight for parking spot that is near to USM. But most of these exchange students only stay for half year. As for local and middle- east USM students , most prefer N-park , as it costs almost half the rent of Sunny Ville Condominium ) is a resort style condominium that was developed by the notorious Pernas Group.USM students , most prefer N-park , as it costs almost half the rent of Sunny Ville Condominium ) is a big hit among exchange students studying in Universiti Sains Malaysia.

Furthermore , the area will be crowded with ICT activities and will surely extends the benefits to locals by providing jobs , economic opportunities , education , training and e-services. Via the development , it makes Penang a hub for economic activities related to manufacturing , information and communication technology , life sciences and the dynamic FTZ hub. From the windows and balcony , one can enjoy spect such as Tesco , Queensbay Mall , and the arts. Sunny Ville Condominium ) is a big hit among exchange students studying in Universiti Sains Malaysia.

Miami Green - Condo at Batu Ferringhi

Miami Green , which is one of Belleview's pride , was completed in 1999 and consists of seven blocks of condo units. It has five 29-storey high-rise blocks and a total of 456 units. There are basic amenities at nearby area namely food outlets , schools ( SJKC Pai Chai and Dalat International School ) , Tanjung Bungah wet market and community hall , shopping malls ( Island Plaza , Gurney Plaza ) and many others.

This freehold condo is also within walking distance to the beach. With five high-rise and two low-rise condo blocks and a total of 456 units. There are basic amenities at nearby area namely food outlets , schools ( SJKC Pai Chai and Dalat International School ) , Tanjung Bungah wet market and community hall , shopping malls ( Island Plaza , Gurney Plaza ) and many others. This freehold condo is also within walking distance to the beach.

With five high-rise and two units per floor for the duplex penthouse units with built-up areas ranging from 1,050 sf to 2,380 sf. Miami Green is located at one of Penang â € ™ s renowned property developers , the Belleview Group of Companies.nearby area namely food outlets , schools ( SJKC Pai Chai and Dalat International School ) , Tanjung Bungah wet market and community hall , shopping malls ( Island Plaza , Gurney Plaza ) and many others.

This freehold condo is also within walking distance to the beach. With five high-rise and two units per floor for the duplex penthouse units with built-up areas ranging from 1,050 sf to 2,380 sf. Miami Green is located at one of Penang â € ™ s pride , was completed in 1999 and consists of seven blocks of condo units. It has five 29-storey high-rise blocks and a total of 456 units.

Platino - condominium at Gelugor

Platino Condominium at Gelugor
Platino is currently still under construction , and expected to be completed by mid 2010. Platino consists of two towers of 25-storey condominium with a total of 228 units. There are 13 types of layouts to choose from with built-up areas ranging from 1,076 to 6,405 sf. This luxury condo comes with resort-style facilities sits on a 3.46 acres plot of freehold land. Platino is currently still under construction , and expected to be completed by mid 2010. Platino consists of two towers of 25-storey condominium with a total of 228 units.

There are 13 types of layouts to choose from with built-up areas ranging from 1,076 to 6,405 sf. This luxury condo comes with resort-style facilities sits on a 3.46 acres plot of freehold land. Platino is currently still under construction , and expected to be completed by mid 2010. Platino consists of two towers of 25-storey condominium with a total of 228 units. There are 13 types of layouts to choose from with built-up areas ranging from 1,076 to 6,405 sf.

This luxury condo comes with resort-style facilities sits on a 3.46 acres plot of freehold land. Platino is currently still under construction , and expected to be completed by mid 2010. Platino consists of two towers of 25-storey condominium with a total of 228 units. There are 13 types of layouts to choose from with built-up areas ranging from 1,076 to 6,405 sf. This luxury condo comes with resort-style facilities sits on a 3.46 acres plot of freehold land.

Platino is currently still under construction , and expected to be completed by mid 2010. Platino consists of two towers of 25-storey condominium with a total of 228 units. There are 13 types of layouts to choose from with built-up areas ranging from 1,076 to 6,405 sf. This luxury condo comes with resort-style facilities sits on a 3.46 acres plot of freehold land. Platino is part of the MetroEast-Udini's mixed development scheme.

Penang Property Insider News

Welcome to Penang Property Insider. This is where i share about inside stories, news, and everything about properties and real estates in Penang.

Here, you will get the latest scoop and hottest analysis and news of all the latest and old properties in Penang.

This blog is for everyone including buyers, sellers, investors, expats, and agents. Knowledge is gold, lets share it together to build a better place!