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

Banners along Burmah Road, Pulau Tikus, Penang.

Part of seven shops affected by the proposed development in Pulau Tikus.

It has be reported in local and online news that a Siamese settlement in Pulau Tikus will make way for five-storey hotel(97-room hotel) on the site of 1.3 acres of land which is currently housed to 10 wooden houses(some 40 families) and seven shops said to be there for six generations. The proposed development is five-storey hotel by Five Star Heritage Sdn Bhd. 

Bangkok Lane, Penang.

Burmah Lane, Penang.

The demolition will involved seven shops and 10 wooden houses at site located off Burmah Road bordered by Bangkok Lane and Burmah Lane. A source quoted that the valuation price in that area ranges between RM800 to RM1,300 per square foot.

Wat Chaiyamangalaram Thai Buddhist Temple at Burmah Lane, Penang.

Dhammikarama Burmese Buddhist Temple at Burmah Lane, Penang.

The settlement is part of 4.4 acres of land which housed important landmark like Wat Chaiyamangalaram Thai Buddhist Temple that has one of the largest Reclining Buddha statue built in Burmah Lane in 1845 and the 203-year-old Dhammikarama Burmese Buddhist Temple just across the road which I went to pray during Wesak's Day. The land was granted to Siamese and Burmese community there by East India Company on behalf of Queen Victoria in 1845 for the beneficiary of the descendants of Siamese and Burmese community.

Source from Penang Heritage Trust said that if the village is to be destroyed, then the Siamese community can no longer exist in once common place.

The Pulau Tikus' assemblyman Yap Soo Huey mentioned that, "we would like to come to an agreement to ensure that the heritage value of the village and community can be preserved to prevent the loss of a cultural heritage."

As of this writing, the Penang State Government mentioned that the local authority is yet to approve any development at the Siamese village.

Source: The Star newspaper

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.

Malaysia Land For Sale | Case Study: A tale of three lots (true story)

[Updated as of 23-Sep-2014]

I was introduced and approached to sell one of the lots some time in May-2013 by Mr Andrew Goh(not his real name) after met him in one of the motivational course in Jan-2013. I believe he'd meticulousely gone through my profiles before deciding to ask me to do the sale.

As the land has been floating in real estate market for awhile, I'm using the concept of non-analysis paralysis. I've managed to secure an offer letter stating that buyer has interest to purchase at RM700 per square foot(psf) for Mr Andrew Goh's lot during the exclusivity of three months timeframe. The offer price was based on Comparative Market Analysis(CMA) report covered that area and zoning. With hindsight not surprisingly the offer was rejected through his lawyer. Well, the owner is asking for future price of RM1,100 psf and above and again he is not fixing the asking price. To this point, I was wondering how am I going to close “an insatiable appetite” deal.

A friend of mine who works with reputable developer requested all relevant data on Mr Andrew Goh's lot been sent to him for feasibility study prior to any purchase. He came back to me with proposal on keenness to acquire three lots together rather than lot-by-lot. Till now I only mentioned about Mr Andrew Goh's lot. In reality and physically there're another two lots adjoining which are on the left hand side of his lot.

Roulette wheel: This is where the method of selling getting more interesting with three lots on the wheel. The complexity is which lot to sell first. 

The largest lot among the three is Mr Andrew Goh's lot. His lot having the frontage of small road and major road but the address is mentioning small road. The other two lots with one having small road frontage and another lot having major road frontage. The lot facing small road is belonging to one owner(for simplicity called Mr X) and the lot that facing main road is under the trustee holding and the title comes under a registered company(for simplicity called Trustee Y). Any one of the lots been sold, the other two lots' pricing will increase.

Question: Which one ought to sell first? 

To be continue...

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 City | UNESCO World Heritage | The Last Few Heritage Hotels For Sale

This is the exordium of heritage sale simultaneous with George Town Festival 2014 ( #gtf2014 ) that Penang is celebrating in the month of August.

Property For Sale: Double Storey Heritage Hotel.

Feature Location: Situated within Penang UNESCO Heritage Zone, Malaysia. 

Total Land Area: 1823.9986 meter sq 

Price: RM20,000,000.00 (USD6,250,000.00)§

Per square foot(psf): RM1018 (USD318)§

Suite of room: 37 rooms.

Parking bays: 15 cars.

Vicinity: Yeng Keng Hotel, Towne House Hotel, Oriental Hotel, Cititel Penang.

History: This boutique hotel had been a destination for budget travelers.

Call us today at +6 016 451 1321 for more details and arrangement for free viewing of the boutique heritage hotel.

Bukit Jambul Country Club | Bungalow For Sale In Penang

This luxurious 3 storey bungalow is enclaved in the millionaires row overlooking Penang Island and close to nature with hiking trail. Situated 200 feet above sea level. Vicinity to international 18-hole Bukit Jambul Country Club (#BJCC) Golf Course.

The bungalow for sale and to stay has its magnificent 180º view of the Golf Course. It's 2 minutes drive to the golf course. This stunning 18-hole golf course was designed by the famous Robert Trent Jones Jr. is one of the Malaysia top golf clubs. Since its inception in 1984 the BJCC has been preferred golfing venue and it has played host to 31st Malaysia Open in 1992.

Selling Price     : RM3,850,000 (USD1,210,691)§

This bungalow consists of 8 bedrooms and 8 bathrooms, a jacuzzi, 2 kitchens, 2 servant rooms and a theatre room.

An award-winning 5-star Hotel Equatorial nearby, surrounding by lush greenery and merely 6 minutes drive to Penang International Airport and Bayan Lepas Free Industrial Zone. There is easy access to Queensbay Mall, Pantai Hospital Penang and many other amenities.

Call us today at +6 016 451 1321 for more details and arrangement for free viewing of the bungalow.

The Best Gurney Paragon Condo Has To Offer | Penthouse

Malaysia | Gurney Paragon Penang was built on a piece of flat freehold land measuring about 10 acres. It's strategically located along Gurney Drive and a stone's throw away from G Hotel and Gurney Plaza. It has the frontages and easy access of both Gurney Drive and Kelawai Road.

This mix-development project is comprises 2 blocks of 43-storey high-end condominiums and a lifestyle shopping mall with net lettable area(NLA) of more than 1 million sq ft retail space building around the restored St. Joseph's Novitiate(populary known by locals as St. Jo) and it's a heritage building (refer to 5 reasons why George Town as a UNESCO World Heritage Site is important to Penang) which houses boutique retailers and restaurants. #GurneyParagon latest addition is TGV's #IMAX cinema.

Currently available for sale is a Penthouse unit in the 43-storey high-end condominiums. Specifications and Unique Selling Proposition (USP) as below:

Level               : 3 floors (Level 41,42 and 43 with roof top garden)

Built-up           : 7,373 sq ft

Selling Price     : RM7,000,000 (USD2,187,500)§, fully furnished

Interior Design : Fusion concept

 

Unique Selling Proposition (USP) :

☑️ Located in the high value Gurney Drive tourism belt, close to the vibrant city of Georgetown

☑️ Connected to Gurney Paragon Mall, All-in-one lifestyle destination

☑️ Roof top pavilion + Garden (Level 43)

☑️ Family area (Level 42)

☑️ Duplex design (Level 41 & 42)

☑️ Duplex Living Hall (Level 41)

☑️ Functional Spaces and Comfort

☑️ Spaces balcony with Sea view & Hill view

☑️ 5 bedrooms + 1 study room + 1 maid’s room

☑️ Wet & dry kitchens

☑️ Private Lift Lobby served by 3 lifts

☑️ Card access system for individual unit & vehicle access (3-tier security)

☑️ Built in Smart Home System

☑️ 6 parking lots at basement car park (side-by-side)

☑️ 3 lockers at basement car park

Call us today at mobile: +6 016 451 1321 for more details and arrangement for free viewing of the Penthouse.

Roof top pavilion and Garden (Level 43)

Family area (Level 42)

Duplex design (Level 41 & 42)

Duplex Living Hall (Level 41)

The Seaview

Bedrooms

St. Joseph's Novitiate

Call us today at mobile: +6 016 451 1321 for more details and arrangement for free viewing of the Penthouse.