Penang Bukit Minyak Factory Warehouse For Sale Rent

Bukit Minyak is an industrial land park area zone in Central Seberang Perai District, Penang, Malaysia [click the links for map]. In its native Malay language it is called "Kawasan Perindustrian Bukit Minyak, Pulau Pinang" Its setup is to complement Bayan Lepas Free Industrial Zone (FIZ) and serve as an extension arm for Penang state in terms of opportunity on FDI (foreign direct investment) and jobs. Known as the Silicon Valley of the East for its industries, Penang is also one of the most urbanised and economically important states in the country. Penang has started its industrialise transformation since 1970s.

With huge demand for factory list and warehouses, the below detached 2-storey office annexed factory/warehouse is available for rent and for sale with immediate occupancy.

(1) Land area is 2 acres.

(2) Build up of the factory/warehouse/production is 47,516 sq ft.

(3) Build up of the office (two storey) is 9,170 sq ft.

(4) Floor loading is 2 ton sq m, 1,200 Amp power supply, sprinkle system installed.

(5) Factory/warehouse ceiling height is at 30 ft (max).

(6) Office ceiling height is at 10 ft.

(7) Ample car park.

Suitable for: factory, warehouse, logistic transporter.

 

Penang Bukit Minyak New Factory Warehouse For Sale Rent | Warehouse and factory ceiling height is 30 feet.

 

Seberang Prai | Bukit Minyak New Factory Warehouse For Sale Rent | Office and lobby view with ceiling height of 10 feet.

Logistics and Transportation: 
Easy accessibility & connectivity to Batu Kawan, Bukit Tengah, Butterworth sea port, dual highway inlet/exits(Juru/Tambun), 12km to Penang Bridge & 2nd Penang Bridge.

Surrounding Property Mix & Amenities:
Bukit Minyak Industrial Park was developed by Penang Development Corporation (PDC) in the late 90's comprising over an acreage of approximately 1000 acres. This Industrial Park is segmented into Industrial Plots, Single-Storey Terraced Factories and Single Storey Semi-Detached Factories for Small and Medium-Scale industries.

Among reputable Local & Multinational Industrial players to name a few are; Flextronics, High Ace Industry, Maxonic Marketing, Eagle & Pagoda Brand Medical Industry and Teik Senn Malaysia.

Opposite this Industrial Park, across the Butterworth - Ipoh trunk road is the Small and Medium-Scale Industrial(SMEs) Region which was developed by Penang Regional Development Authority or commonly known as IKS Bukit Minyak Perda.

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

Note: If you've factory | warehouse | industrial land | agriculture land | commercial building | commercial properties | condominium | house for sale / to sell / let / rent or intent to buy / lease / rent , 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

Penang | Bukit Minyak Factory | 5 Reasons Why The Factory Is Rentable

The single storey warehouse / factory building annexed to 3 storey office building for rent as be published in previous posting has with it the 5 reasons why the factory is rentable.

A single storey warehouse / factory building annexed to 3 storey office building for rent in Taman Perindustrian Bukit Minyak, Penang.

1. Free renovation period: Upon signing and stamping of tenancy agreement along with payment as agree, the free period of one month will be given to tenant to enable him to facilitate his renovation. The renovation will be subjected to landlord approval.

2. With comparative market analysis(CMA) on rental be used as benchmark, the rental pricing is competitive in that locality based on the condition of subject property.

3. Flexibility: Prospect tenant that is taking up the subject property will be on “As Is Where Is” basis. However landlord is flexible to discuss the terms further. 

4. Duration of tenancy is three-year with the option of another three-year. This will be advantage to tenant of multinational company that in normal situation require long lease as with its establishment and logistics.

5. Factory-typed structure: The subject property as per se been restored with reinforced to its concrete flooring. It has substation within its premises, therefore any upscale could be done. Currently it has a power supply of 1000Amp.

   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 .

   
   

   You're welcome to write your constructive comment below.

Penang Property Forum | Malaysia | DIBS | Curbs on property scheme?

Vulcaninternational: Is DIBS scheme good for purchaser? Are there any negative impact to purchaser? What about to property speculator or investor? Why only now the Bank Negara (Malaysia Central Bank) is re-looking into DIBS? What about RPGT effectiveness in serving its purpose?

In light of the above questions, do read through to find the answers.
____________________________________________________________
DIBS property 2013 | Bank Negara said to be relooking at popular, easy developer interest-bearing scheme.

PETALING JAYA: Bank Negara is studying the risks arising from the developer interest-bearing scheme (DIBS) with a view of potentially imposing curbs on it, sources said.

Although it is unclear if or when such curbs would be put in place, Hong Leong Investment Bank (HLIB) said that it may be “later this week”, adding that such a move would be a negative for future sales in the primary property market.

Other industry players think that the measures might be introduced in the second half of the year.

DIBS has become a popular easy financing package offered by property developers in joint-promotion activities with banks in recent years.

Under the scheme, buyers need not fork out much initial downpayment to buy properties, as the developer supposedly absorbs the initial interest. This is until the buyer takes possession of the property.

A high number of buyers enter this scheme with the intention of flipping the property when they gain possession of it, making a profit without having to come up with much capital in the process. Such a scenario fuels speculation.

“Typically, under the scheme, buyers only foot between 5% and 10% of the house price upon signing the sale and purchase (S&P) agreement and only begin payment when the project is completed,” a property consultant told StarBiz.(DIBS definition)

“There are caveats to this scheme, as buyers commit to a financial obligation upon the signing of the S&P and the interest cost has actually been already passed on to buyers via the higher selling prices.”

DIBS is mainly offered to the high-rise residential segment. Some property consultants have opined that the presence of DIBS in the market has caused prices to be set on an artificially higher trajectory.

Notably, the Singapore government banned DIBS in 2009.

“While the exact measures are yet to be revealed, we believe the curbs would impact this easy financing scheme,” HLIB said in a note yesterday.

According to analysts, most of the sales in the recent property bull cycle were tied to the attractive DIBS scheme at the expense of the secondary property market which has remained sluggish. And given the persistent rise in household debt, the Government is mulling over measures to limit it.

“In the recent past, Bank Negara has been compiling information on the scheme and studying its impact on the sector,” a source said.

Bank Negara had yet to respond to StarBiz’s queries as at press time.

“The difference between the non-DIBS and DIBS pricing can range from as low as 5% to as high as 30% if other incentives like early-bird discounts, stamp duty waivers and cash payments are taken into account,” said Elvin Fernandez, managing director of Khong & Jaafar group of companies.

He advocates regulators to compel developers to be transparent on the various incentives, as it may be difficult to do away with DIBS packages.

“Developers should inform buyers and bankers of the actual value of the discounts they are getting so that house buyers know the true value of the house they are buying,” he said.

UOB Kay Hian Research noted that new launches in selective high-rise projects in the suburbs of the Klang Valley were transacted at over RM1,000 per sq ft (psf) vis-a-vis RM450 psf two years ago.

“Household debt has risen to 80.5% of nominal gross domestic product as at end-December 2012, up from 60.4% as at end-2008.

“We also note that outstanding banking sector loans in the household sector has risen 3.6% year-to-date as at end-April to RM638.5bil from RM616.5bil as at December 2012. As the rise in consumer credit is partly linked to housing, curbs may be introduced to dampen speculation,” UOB Kay Hian said in a report yesterday.

On the financial impact of curbing DIBS on property companies, HLIB said that it would be “negative for future sales in the primary market but the extent of damage varies with the degree of exposure to the high-rise segment for each individual developer”.

UOB Kay Hian reckons that if DIBS or similar schemes were to be tightened, it could “significantly dampen new property launches as speculators will be filtered out”.

The company also does not rule out the possibility of a further upward revision in real properties gains tax (RPGT) to dampen speculation.

In Budget 2013, the Government had raised the RPGT for the second time since 2011, stipulating a 10% to 15% tax for the disposal of properties within two years of purchase, and 5% to 10% for the disposal of properties within three to five years. However, properties sold five years after purchase are exempted from the RPGT.

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 .

You're welcome to write your constructive comment below.

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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.

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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