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Apartment Penang | MM2H | BayStar Condominium For Sale/Rent
BayStar Condominium is a luxury condo and currently the only one in Bayan Indah, Bayan Bay area that is of freehold in tenure as compared to Summerton Condominium, Gold Coast Resort Condominium, Putra Place and Putra Marine Condominium. It was built by CP Lands, a subsidiary of CP Group developer in Penang. CP Mall Sdn. Bhd. is 'the white knight' for Queensbay Mall mega project. In 2010, CapitaMalls Asia acquired Queensbay Mall in Penang for about RM658.3 million (S$275.6 million).
The BayStar Condominium comprises two blocks namely Block A and Block B which is 11-storey each on a piece of freehold land with land area of 3.69 acres. Total density is 160 units which facing sea view and Queensbay Mall's view.
Facilities included 24-hour security surveillance, intercom system and key card access, infinity swimming pool and wading pool (refer to picture attached), children's playground, fully equipped gymnasium, all-purpose hall, visitor's lounge with free wifi access (refer to picture attached).
For Sale: BayStar Condominium (High floor)
Bedroom: 3
Bathroom: 3
Build Up: 1560 sq ft
Parking Bay: 2
Condition: Renovated and fully furnished
Remark: The BayStar Condo is walking distance (of 5 minutes) to Queensbay Mall, Penang.
BayStar Condominium is a luxury condo
Visitor's lounge with free wifi access
Infinity swimming pool and wading pool
Home For Sale Video: Vulcan International REIC's Video: BayStar Condo For Sale
The pictures in this video is been intended for "Home For Sale." If you're interested with the home please do contact: Mr Vulcan Lau, mobile: +6 016 451 1321 to further your intention. Alternatively this home will be available for rent subject to owner's consent.
Boldly go. LLAP
Friday, January 16, 2015
Malaysia | Exclusive Penang Factory/Warehouse Rental and Sale Price Report FY2014/2015
With the impending Goods and Services Tax(GST) that is going to take effect from 1-April-2015 and earlier announced increase in quantum of Real Property Gain Tax (RPGT) Penang Property | Malaysia Real Estate Investment | Budget 2014 Malaysia | RPGT and its cousin Stamp Duty, the factory/warehouse sale and rental have been greatly affected investors and they're on the sidelines.
The rental price for Penang Island is hovering around RM2.00 per sq ft while mainland is commanding around RM1.30 per sq ft based on nett lettable area (NLA). Prices quoted are for new completed buildings. Batu Maung's Small and Medium Industry(SMI) has its value been appreciated with the completion of 2nd Penang Bridge Penang New Landmark | MM2H | Second Penang Bridge | Sultan Abdul Halim Mu'adzam Shah Bridge. Distance from Diamond Valley Industrial Park, Batu Maung to 2nd Penang Bridge (Sultan Abdul Halim Mu'adzam Shah Bridge) is only 3 km compared to 1st Penang Bridge which is 11 km. A factory of size 20,000 sq ft has said to be going from RM10 mil to RM12 mil based on seller revised asking price. Another advantage of Diamond Valley Industrial Park is that it's near to Bayan Lepas Free Industrial Zone (FIZ) as supporting industry. Another development that is bound to gain from completion of second Penang Bridge is Mutiara Light Industrial Park located at Sungai Tiram, Bayan Lepas.
The Penang state's initiatives of IT-BPO Park in Bayan Lepas Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward? that schedule to complete in next 10 years which is near to Penang International Airport and Bayan Baru will make the property around Diamond Valley Industrial Park to be appreciated when Information Technology Bussiness Process Outsourcing (IT-BPO) fully operational. This RM3.3 Billion IT-BPO Hub is the vehicle to propel growth towards diversifying the state’s economy and enable the growth of a viable employment sector. The IT-BPO Hub comprises 3 core-components of 74 acres of IT-BPO Park in Bayan Lepas; a planned development of 7 acres BPO Prime in Bayan Baru[current Penang Development Corporation(PDC) site] ; and a 100,000 sq ft Creative Animation Triggers(CAT) in the George Town heritage enclave.Batu Kawan Industrial Park has its nearby locality land been snapped up by property developers Property Hunter | Batu Kawan | Penang Science Park | Industrial Land For Sale Or Joint Venture (JV). Transactions surrounding Batu Kawan's neigbourhood have been transacted on average at RM50 per sq ft.
P.S.: This report doesn't cover boutique factory such as Tangkas Infinity Bukit Minyak | Tangkas Infiniti Factory/Warehouse/Commercial Building For Sale which is build in compliance with the Green Building Index(GBI) and includes energy conservation features.
This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com on general indicative Penang's factory/warehouse selling price and rental for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .