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

After Penang Star Property Fair 2015 which is mainly targets on primary market with new launches, #MASPEX2015 (Penang edition) will be kicking of at Queensbay Mall on 13 Aug 2015 to 16 Aug 2015. Previous two MASPEXes namely #MASPEX2013 and #MASPEX2014 be held at Penang Times Square. 

This is the 3rd edition for Malaysian Secondary Property Exhibition (MASPEX). It's expect to showcase more than 6,000 properties covering Penang Island and its mainland secondary (sub-sale) market properties. There will be property talks' sessions to cater for buyers to enhance their knowledge on status updates for Affordable Housing in Penang and Penang's infrastructure projects with their impacts on Penang Property Hotspots.

It will covers various type of property such as houses, condominiums, apartments, SOHO, offices, factories, warehouses during this four-day event.

Link to MASPEX 2014: Malaysia | MASPEX Penang 2014 | The Pictography

Link to MASPEX 2013: MASPEX Malaysia 2013 | Penang Property | MIEA | Facts and figures about Malaysian Secondary Property Exhibition

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.

Star Property Fair 2015 | A closer look at it

Another year, another property fair for Star Property Fair. This year Star Property Fair 2015 is in its 14th running series with more than 40 property exhibitors is currently underway at Gurney Plaza and G Hotel, Penang, Malaysia from 9 July 2015 to 12 July 2015.

As of last year, Eco World Development Group (EcoWorld) again been primely features at the gallery of Level 2, G Hotel while BSG Property and Ivory Properties Group been lucidly on display at the atrium of Gurney Plaza and IJM Land along with Asia Green been anchored fort at its new wing. Projects showcased is estimated with Gross Development Value (GDV) of RM40bil. 

Eco World Development Group (EcoWorld) has its maiden project in Penang, the Eco Terraces in Paya Terubong on displayed with its huge land of 12.79 acres for this project development. It is said only 30% of the land been developed to cater for its masterpiece of 33-storey tower block containing 333 lifestyle contemporary residences.

Tropicana Corporation Berhad joint ventured with Ivory Properties showcase its Tropicana Bay Residences, the 1st phase of Penang WorldCity. The WorldCity project is a freehold development in Bayan Bay's area.

BSG Property showcase Mira Residence at Tanjung Bungah, Middleton at Minden Heights, Oakridge near Queensbay Mall and Granito@Permail.

Jesselton Villas that been offered by Berjaya Land Development Sdn Bhd is a conceptualize freehold bungalow lots where discerning buyers able to build their dream homes on the purchase bungalow plots sit next to the prestigious Penang Turf Club.

IJM Land showcase their award winning The Light Waterfront Collections. It has fully scale model been displayed at their booth.

Mah Sing Group, lifestyle master developer at Batu Maung showcase their Southbay City, Legenda@Southbay, The Loft@Southbay, Southbay Plaza and Ferringhi Residence.

Asia Green Group showcase The Clovers and QuayWest Residence. They're the developer for Asia Hills bungalows in Bukit Gambier, Hilltop Villas in Batu Ferringhi, Asia Heights in Air Itam and Mandarin Quarter in Butterworth.

Other property developers that also have their respective showcase are Iconic Land Sdn Bhd, Tambun Indah, MTT Properties & Development Sdn Bhd, Tropicana Macalister (Penang) Sdn Bhd, Nusmetro City Sdn Bhd, Trimension Properties Group and Ideal Group.

The icing on the cake is Property Talk that is currently going on till this Sunday. The objectives as of Property Talk is to keep you abreast and arm you with information of what is currently going on specifically in Penang's real estate properties outlook and generally covers other finesse overseas market of the like Australian properties and UK properties during this four days event.

BSG Property showcase Mira Residence at Tanjung Bungah, Middleton at Minden Heights, Oakridge near Queensbay Mall and Granito@Permail.

Asia Green Group showcase The Clovers and QuayWest Residence.

IJM Land showcase their award winning The Light Waterfront Collections.

Eco World Development Group (EcoWorld) Gallery.

Mah Sing Group, lifestyle master developer at Batu Maung showcase their Southbay City, Legenda@Southbay, The Loft@Southbay, Southbay Plaza and Ferringhi Residence.

Property Talk session is going on.

Link to 2014 Star Property Fair: Star Property Fair 2014

Link to 2013 Star Property Fair: Stylish Living Property Fair 2013

Link to 2012 Star Property Fair: Penang Property | Star Property Fair 2012

Link to 2011 Star Property Fair: Penang Property Fair | Star Property Fair 2011

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.

Malaysia | investPenang | Penang Capital Investments 1QFY2015 In One Easy Step (Infographic)

How is Penang Capital Investments' achieved during 1st Quarter FY15?

Penang Capital Investments 1st Quarter FY2015 has been reported to come in 2nd place as compare to other states in Malaysia with approved investments of RM2.9 billion (based on local and foreign investments which accounted for 8.6% in overall country's investments). 

It was behind Johor State which captured a staggering investment of RM26 billion of same quarter, according to figures that been released by Malaysian Investment Development Authority (Mida).

Penang State just published their result for its first quarter performance in their Key Performance Index (KPI) on capital investments elaborated further that 88% of the state investments came from electrical and electronics (E&E) sector. Countries that top foreign investors in Penang were the United States, China, The Netherlands, Singapore and Germany. For the year 2014, investments main source contribution were from E&E and biomedical sectors. In this particular aspect, NEPCON Malaysia trade show will be one of the catalyst in promoting the electrical and electronics (E&E) sector. It's said to be one the popular platform in dealing with new products and services launching related to electrical and electronics.

For year 2014 updates, Penang State came in 3rd with a total of RM8.16 billion, behind Johor (RM21 billion) and Sarawak (RM9.6 billion). For more details report refer to Malaysia | investPenang | Penang State's Capital Investments From 2010-2014.

[Infographic: Malaysia | Penang Capital Investment 2010-2015]

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.

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

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

Note: If you've factories/warehouses/lands/hotels/buildings/condominiums/apartments/bungalows/houses 

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 | 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.