Penang Property News And Talk | Maspex 2015 | Queensbay Mall | List Of Speakers Time Table And Agenda With Pictography

Source MIEA | List Of Speakers Time Table And Agenda

Malaysia | Penang Property News And Talk | The vibrancy of Penang sub sale (secondary market) once again been rejuvenated by Malaysian Institute of Estate Agents (MIEA) with the official opening ceremony been held at Queensbay Mall this afternoon (13 Aug 2015). The Malaysian Secondary Property Exhibition Penang Chapter (Maspex 2015) is four days (13-16 Aug 2015) event. It has 33 booths to cater for buyers and sellers flavor. The location of booths are been divided into two sections with 17 booths at Center Zone (cum discussion area) and 16 booths at South Zone.

With ringgit depreciation, property is the best hedge against hyperinflation: Malaysia | Foreign Exchange | Quo Vadis, Ringgit! Facts And Evolutions

The pictography of the event:

MASPEX 2015 property showcase | houses, condminiums, apartments, soho, offices, factories for sale, to buy and rent

Silver sponsor | PropertyGuru booth | Malaysia's Leading Property Site

Silver sponsor | Mudah.my booth | Malaysia's Largest Marketplace

Bird view of central atrium on participating booths with main sponsor Maybank

Bird view of center zone on participating booths (facing center entrance section)

Bird view of south zone on participating booths

MIEA's booth facing south zone entrance

Related article: Malaysia | Penang MASPEX 2015 Reboot In Queensbay Mall | Sub-sale properties

Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Penang | MM2H | Heritage Building Under Thread To Be Saved

A NON-GOVERNMENTAL organisation (NGO) has expressed concern about the possible demolition of a heritage building in Anson Road to make way for a high-rise condominium tower.

Penang Citizens Chant Group (Chant) adviser Yan Lee said an application for planning permission to the Penang Island City Council (MBPP) submitted on Oct 16, last year, had been delayed since May 12.

The local council’s One-Stop Centre (OSC) portal states that the developer has submitted the application for the construction of a proposed 43-storey condominium block.

It comprises a lobby on the first and second floor, car park space from the first to 11th floor, recreational facilities from the 11th, and 40th to 43rd floor, and 75 condominium units from the sixth to 39th floor.

The application, the portal states, also includes a proposal to demolish a part of the annex at the back of the building and to restore the existing two-storey heritage building on Lot 1146, 19 Anson Road.

Lee said the building’s heritage classification could not be determined as the George Town World Heritage Incorporated (GTWHI) inventory of heritage buildings had yet to be made available.

“The preparation of inventory of heritage buildings is under the GTWHI and heritage buildings are expected to be classified under two categories.

“Category One is for buildings of high architectural and historical values which are not to be demolished, altered and extended except for restoration.

“Under Category Two are buildings with architectural values which are allowed to be renovated for adaptive reuse,” he said.

Calls made to GTWHI general manager Lim Chooi Ping to ascertain which category the building on 19 Anson Road falls under were futile as of press time.

Meanwhile, a photo of the building and a statement that read: “19 Anson Road is a heritage building? I heard the owner (is) going to tear down the heritage building for a high-rise building development.

“Please help to stop and preserve it!!!” was posted on the Facebook page of Penang Heritage Trust (PHT) president Khoo Salma on Wednesday.

Salma commented: “Another endangered heritage building outside the George Town World Heritage Site.

“This one is 19 Anson Road. MBPP, GTWHI, where is your inventory? Penang state, where is the state heritage enactment and policy?”

Under the same post, she also commented “If the Pykett illegal demolition is not appropriately penalised, the present or future owner of 19 Anson Road could just knock it down illegally and wait to get an approval for new high-rise in five years’ time”.

Lee had reportedly said in 2010 that the then Penang Municipal Council (MPPP) had issued a rebuild order to a developer who had demolished a colonial era double-storey bungalow in Pykett Avenue.

The bungalow was demolished before the council’s technical heritage review panel could arrange for an inspection of the heritage building.

When contacted, Salma said it appeared that the application by the developer was for planning permission for “40+ storeys and part demolition”.

State exco member Chow Kon Yeow, when contacted, said the application for planning permission had been tabled on May 12 but not approved.

He said the decision had been put on hold as the application was subjected to compliance with technical requirements.

Source: STARMETRO | NEWS

Related Story: Exclusive Focus: The Last And Oldest Siamese Settlement In Penang On The Verge Of Demolish

Cause for concern: Heritage enthusiasts fear that the heritage building in Anson Road, George Town, may make way for a high-rise condominium. What's your fear or rather opinion?

Boldly go. LLAP

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Why Penang Pulau Tikus Bungalow For Sale Will Make You Question Everything?

Pulau Tikus used to be suburb in George Town city in Penang Island, Malaysia and since with the expansion of Georgetown city limit it falls under urban district/zoning. 

It housed "upper class residential" and prominent neighbourhoods with vicinity such as Penang Gurney Drive | Gurney Paragon, Gurney Plaza and stretch of condominiums which is a stone's throw away. It's also famous for its food heaven like delicious Lok Lok steamboat, Pulau Tikus market, Pulau Tikus homestay.

It has its fair share of bungalows, mansions and colonial buildings besides its famous temples Wat Chaiyamangalaram Thai Buddhist Temple and Dhammikarama Burmese Buddhist Temple at Burmah Lane, Penang.

Currently available for sale is a scarcity of a rare opportunity to own single storey bungalow with large compound within Pulau Tikus precinct and the specification as stated below:

Built-up : approx. 6,000 sq ft

Land area : 13,500 sq ft

Tenure : Freehold

Parking space: 8 cars

Location : Upper class residential in Pulau Tikus, Penang MALAYSIA

P.S.: Real estate property especially landed property in Penang is synonymous with capital appreciation by virtue of scarcity of land in the Penang island.

Boldly go. LLAP

Interested buyer please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.

Malaysia | Why Penang FREE Wi-Fi Hotspot Of 1Mbps Is By No Means Catchpenny?

When talking about freebies nowadays it's hard to come by. However Penang government provides her people with free upgraded broadband WIFI (wireless fidelity). It was reported that the infrastructure of WIFI provider has upgraded their backbone topology bandwidth from 75Mbps to 375Mbps (five times faster) which means those selected hotspots have been upgraded or booster from 512kbps to 1Mbps speed test for end user. Having upgrade done without catchpenny is laudable.

According to Mutiara Buletin source, there will be 600,000 registered users that be going to benefit by this upgrade (FREE internet). That is about 40% of Penang's population. It's been understood that since 2009 the Penang State government has facilitated 1,550 hotspots in stages (Phase One and Two) with the expenses of RM154,200 per month under the state's coffer! (no pun intended)

List of Penang free wifi hotspot locations. There's also a 24-hour Penang Free Wifi hotline (Toll Free) that you could call (1800 87 7790) for assistance in case you need to connect to internet without buying any data line from telcos or just arrive in Penang. Do bookmark the wifi hotspot locations page for your conveniences.

PS: Penang is one of the few cities in the world that provides FREE internet for public domain.

Source: Mutiara Buletin

Penang Free WiFi login/sign-up page.

Boldly go. LLAP

This report is been compiled by VULCAN INT'L Real Estate Research Institute for VULCAN INTERNATIONAL Real Estate Investors Club .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Malaysia | investPenang | Penang State's Capital Investments From 2010-2014

It was reported recently that Penang State recorded RM8.16 billion in investments last year which is more than double as compared to 2013. The investments contribution mainly from its electrical and electronics(E&E) sector as well as biomedical sector.

Of the total RM8.16 billion in capital investments, RM5.11 billion are said from foreign direct investments (FDIs) last year which domestic investments contributed RM3.05 billion. For comparison, the state’s FDI only totalled RM1.79 billion as recorded in 2013.

Refering to figures released by Malaysian Industrial Development Authority (#Mida), Penang’s ranking position in bringing in investments went up to third place last year as compared to fourth placing in 2013 among all other states in Malaysia.

In 2014, Penang is ranked right behind Johor and Sarawak, which recorded RM21 billion and RM9.6 billion in total investments respectively.

The infographic shows the flow of total capital investment for Penang for year 2010, 2011, 2012, 2013, 2014 (quinquennial snapshot) is RM36.78 billion.

The negative percentage indicates that relatively to a year before, the total capital investment value is lower as compare to its previous year. Vice-versa, positive percentage indicates that year is better in total capital investment performance versus the immediate previous year.

The crux of the matter is that every year there's investment(in billion) done by Penang State.

PS: For year 2012, the figure RM2.47 billion is without the inclusion of RM2.90 billion from Northern Corridor Investment Authority(NCIA). If included it was then be RM5.37 billion.

It's good to see that Penang has its mid term and long term investments been pursued as whatever investment by Penang State will normally take 3-5 years before been implemented or might not come to fruition. Example, the result of Penang's Total Capital Investments for 2015 might come to reality in 2018.

As for long term, Penang's Information Technology Business Process Outsourcing(IT-BPO) is under framework of 10 years to materialize: http://vulcanresearch.blogspot.com/2014/10/malaysia-investment-investpenang-psdc_18.html

Sources from the following reports:

http://www.malaysia-today.net/penang-no-1-in-malaysia-in-manufacturing-investment-for-the-2nd-consecutive-year-in-2011/

http://penangcatcentre.my/whats-up-details.s7f.aspx

http://www.themalaysianinsider.com/malaysia/article/guan-eng-penang-2011-investment-at-rm10b-beats-target

http://www.thestar.com.my/News/Nation/2013/03/26/Penang-received-RM54bil-last-year-says-state-investment-body/

http://penangmonthly.com/penangs-manufacturing-future/

http://www.themalaymailonline.com/money/article/penang-records-rm8b-in-investments-last-year-more-than-double-2013

Boldly go. LLAP

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Penang Property Real Estate | No Deal Is Too BIG Deal (Every Deal Can Be Resolved)

I used to say that Real Estate brokerage is the ultimate in retrospect as a job to accomplish. That is because it encompasses interactions between buyer, seller, bank, lawyer, state authority and the rules that governing it that keep on changing with time. But if you work on it as a PASSION then No Deal Is Too BIG Deal (Every Deal Can Be Resolved).

To put things in perspective, let me introduce VulcanInternational Hypothesis, which contains string of Formulae:

where S denotes "Success" and Pr denotes "Process related" which literally VulcanInternational Hypothesis means "Success is the product of Process related."

This equation holds true in common practice of marketing eg: selling of insurance policy. As in Real Estate brokerage the equation is not suffice to cover the No Deal Is Too BIG Deal (Every Deal Can Be Resolved). Henceforth a deliberation needed to support the Real Estate brokerage entrepreneurial ecosystem.

In the above equation "Process related" is proportional linear to time domain(t). It represents a straight forward closing deal in Real Estate brokerage with "Willing buyer, willing seller" conceptuality.

In the above equation "Process related" is having "Equation of Degree 4" to time domain(t). It represents quartic function which is define by a polynomial of degree four. This is a non straight forward closing of deal in Real Estate brokerage and commonly happen in 80% of deals or transactions. [In here 80/20 rule is been applied.]

Graph shows polynomial of degree four with 3 critical points. The horizontal axis denotes time(t) and vertical axis denotes Success(S). What does it mean to Real Estate brokerage? In general sense, the maximum number of attempt to close a deal is thrice after which if unsuccessful the intensity of closing is diminishing. 

To further deal with unsuccessful dealing/transaction, and as the title of this blog post mentioned "No Deal Is Too BIG Deal (Every Deal Can Be Resolved)" the only way to solve it would be by using "4th Dimension" which is suggested in this research. For those watching movie: Interstellar (was on silver screen in 2014), the 4th Dimension element should be familiar and understood.

So the next time you cannot make a closing deal/transaction in Real Estate brokerage, remember that there's a "4th Dimension" that you could use to resolve it. Boldly go. LLAP

Hope this article bring some excitements in your brokerage life...math is fun and proven(Q.E.D.), where practical transcend as to theory.

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Investor Forum Business Daily | Exchange Rates | Malaysian Ringgit versus US Dollar

Real Estate Investment Malaysia | The ringgit fell 1.3% last week to 3.5615 a dollar, the biggest loss in Asia, data compiled by Bloomberg show. The currency has weakened 14% since August 2014 and reached a five-year low of 3.5987 based on http://www.exchange-rates.org/history/MYR/USD/T today. Reserves declined 7.7% to US116bil(RM413bil) in December from November, Bank Negara reported late Thursday.

The graph below shows historical exchange rates between the Malaysian Ringgit (MYR) and the US Dollar (USD) between 7/17/2014 and 1/13/2015.

According to Bloomberg and quoted by Starbiz from The Star newspaper today, the ringgit fell to the lowest level in more than five years on concern that a protracted slump in crude prices would erode the oil-exporting nation's revenue. Brent crude sank to levels not seen since 2009 on speculation US crude stockpiles would increase exacerbating a global supply glut.

Malaysia may review its 2015 budget to take into account the impact of falling energy costs, according to a report from the official Bernama news agency.

"Oil prices are again lower and some of that seems to be seeping through to the Malaysian ringgit," said Divya Devesh, a foreign-exchange strategist at Standard Chartered Plc in Singapore. "Until we see a stablization in crude oil prices, it's really looking like difficult times for the ringgit."

The currency has fallen in six of the last eight days and lost 9% in the past three months, the worst performance in emerging Asia. For the latest exchange rates by Bank Negara Malaysia(BNM) refer to Ringgit Foreign Exchange Rates .

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.

Penang Property | Balik Pulau Land For Sale

Property Value | Interested contact VulcanInternational +6 016 451 1321 .

Exclusive Sale 1.72 acre land @ Balik Pulau, Penang MALAYSIA.

Asking RM3.0 million. Call Vulcan Lau (VULCAN INTERNATIONAL Real Estate Investors Club), Mobile: +6 016-451 1321to arrange for appointment.

Back to Main Page: www.VulcanPenangProperty.blogspot.com | International Page:www.VulcanInternational.blogspot.com

Penang Property | Balik Pulau Land For Sale

Back to Main Page: www.VulcanPenangProperty.blogspot.com | International Page:www.VulcanInternational.blogspot.com

For private viewing do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS [Multiple Listing Service] . Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | https://VulcanInternational.blogspot.com