Bukit Minyak Industrial Park | Single Storey Warehouse/Factory BuildingFor Rental @ Bukit Minyak Industrial Park, Prai, Penang Malaysia

Warehouse/Factory Rental Malaysia | Penang Single Storey Warehouse/Factory Building For Rental: Prime location with attractive factory corporate office inclusive of warehouse/production floor for rent. Total lettable area is 93,535 sq ft. Fact sheet: (1) Easy accessibility & connectivity to Batu Kawan, Bukit Tengah, Butterworth sea port, dual highway inlet/exits(Juru/Tambun), 12km to Penang Bridge & 2nd Penang Bridge. (2) Floor loading: 2.5 ton per m2, 1000A power supply, sprinkle system installed. (3) loading/unloading capabilities with 3 dock levelers to cater for 1 toner to 40 footer container. (4) ceiling height min/max is 25 ft/33 ft. (5) ample car park. Asking rental RM1.30 psf nego. Suitable for: warehouse, logistic transporter, factory. Interested please contact Vulcan Lau, mobile: +6 016 451 1321 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. Residential Housing Estates located nearby includes Taman Pulasan, Taman Markisah, Taman Sukun, Taman Bukit Minyak and Taman Sentul Jaya. Shopping, Marketing, Educational, Recreational Amenities and Public Facilities are readily available in the Town of Bukit Mertajam which is located approximately 8 kilometers to the North West of the Bukit Minyak Industrial Park. Interested please contact Vulcan Lau, mobile: +6 016 451 1321

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MASPEX Malaysia 2013 | Penang Property | MIEA | New Homes To Cost More? Option For Buyers.

On Tuesday this week Malaysia government announced 20 sen rise in the price of RON95 petrol and diesel. Before the revision, the price for RON95 was RM1.90 per litre and RM1.80 for diesel. The price increase for RON95 was in 2010. The chain reaction has been fast with newspaper announced new homes to cost 10% more as been reported by Real Estate and Housing Developers Association of Malaysia president Datuk Seri Michael Yam Kong Choy. To solidify his statement further he mentioned that it's compounded by absenteeism among foreign workers because of the nationwide crackdown on illegal immigrants as developers have to pay more for labour to meet contractual deadlines, failing which they will be penalised. That's true if the sales and purchase agreement(SPA) been drafted towards HDA guidelines. Commercial building won't have that effect.

It was reported that the Penang Master Builders and Building Materials Dealers Association says it expected construction costs to rise by 3% to 5%. Association president Datuk Lim Kai Seng said the cost of transportation was likely to rise 10% to 20%, and the prices of sand and cement by between 5% and 10%. He said that cement now cost RM17.50 per 50kg while sand sold for RM70 per cubic metre.

While new developments might increase in price, the sub sale(secondary property) might stabilize in price at the moment. There'll be MASPEX on 27-29 September 2013 at Penang Times Square, Penang(2nd launch: northern region).

MASPEX or Malaysian Annual Secondary Property Exhibition is a new platform organized by MIEA to further its memberships through consolidating under one roof of Real Estate Agencies to offer their services and listings to public in general.

PS: 1st launch: central region was held from 12-14 April 2013 at Tropicana City Mall, Petaling Jaya. 

Malaysia's Petrol Trend: From 1990s to 2013(updated)

(Sen Per Litre)

DATE	RON97	RON95	RON92	DIESEL
Before 1990s	110		106 ( )	65.1 ( )
20-Oct-2000	120 (+10)		116 (+10)	70.1 (+5)
20-Oct-2001	130 (+10)		126 (+10)	70.1 ( )
01-May-2002	132 (+2)		128 (+2)	72.1 (+2)
01-Nov-2002	133 (+1)		129 (+1)	72.1 ( )
01-Mar-2003	135 (+2)		131 (+2)	76.1 (+4)
01-may-2004	137 (+2)		133 (+2)	78.1 (+2)
01-Oct-2004	142 (+5)		138 (+5)	83.1 (+5)
01-Apr-2005	142 ( )		138 ( )	88.1 (+5)
01-May-2005	152 (+10)		148 (+10)	108.1 (+10)
31-Jul-2005	162 (+10)		158 (+10)	128.1 (+20)
28-Feb-2006	192 (+30)		188 (+30)	158.1 (+30)
05-Jun-2008	270 (+78)		262 (+74)	258 (+100)
23-Aug-2008	255 (-15)		240 (-22)	250 (+8)
25-Sep-2008	245 (-10)		230 (-10)	240 (-10)
15-Oct-2008	230 (-10)		220 (-10)	220 (-20)
01-Nov-2008	215 (-5)		205 (-5)	205 (-5)
18-Nov-2008	200 (-15)		190 (-15)	190 (-15)
03-Dec-2008	190 (-10)		180 (-10)	180 (-10)
16-Dec-2008	180 (-10)		170 (-10)	170 (-10)
12-May-2009	180 ( )	175		170 ( )
01-Sep-2009	205 (+25)	180 (+5)		170 ( )
16-Jul-2010	210 (+5)	185 (+5)		175 (+5)
02-Nov-2010	215 (+5)	185 ( )		175 ( )
01-Dec-2010	230 (+15)	190 (+5)		180 (+5)
05-Jan-2011	240 (+10)	190 ( )		180 ( )
01-Feb-2011	250 (+10)	190 ( )		180 ( )
02-Apr-2011	270 (+20)	190 ( )		180 ( )
05-May-2011	290 (+20)	190 ( )		180 ( )
16-Jun-2011	280 (-10)	190 ( )		180 ( )
05-Apr-2012	290 (+10)	190 ( )		180 ( )
07-Jun-2012	280 (-10)	190 ( )		180 ( )
05-Jul-2012	260 (-20)	190 ( )		180 ( )
24-Aug-2012	270 (+10)	190 ( )		180 ( )
06-Sep-2012	300 (+30)	190 ( )		180 ( )
27-Feb-2013	270 (-30)	190 ( )		180 ( )
07-Mac-2013	290 (+20)	190 ( )		180 ( )
22-May-2013	270 (-20)	190 ( )		180 ( )
03-Sep-2013	270 ( )	210 (+20 )		200 (+20)
05-Sep-2013	285 (+15 )	210 ( )		200 ( )

16-Jul-2010 – No more subsidy for RON97, the price will be subjected to the current price of crude oil (RM2.10 as of 7/23)

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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Malaysia Property Bubble | Penang Property | Property Guru Forum |Ringgit Exchange Rate, RPGT Trend: Where're we heading from here?

A week ago, our local newspaper mentioned that our neighbour, Thailand has been in recession mode. The indicative way of measuring as yardstick is GDP(Gross Domestic Product). It was mentioned that the country has been twice consecutively performing below its GDP forecasted numbers.

On our home front, last week we saw the weakening of ringgit which is noted to be at its three-year-low against the greenback(US dollar). The ringgit lost as much as 0.4% to 3.272 per US dollar, it's weakest since June 2010 and predicts by analysts that ringgit could soften to 3.3 against greenback over the next six months. As at noon yesterday, ringgit had slid about 8.17% year-to-date against the greenback to 3.33 per dollar.

The Star newspaper article also mentioned that our students in UK and their parents are having to work harder to counter the weakening of ringgit as ringgit has also slid against the British pound, the euro and most major currencies. 

On the contrary it was mentioned that it's not all bad news though as inbound tour operators and exporters are laughing their way to bank. Malaysian Association of Tour and Travel Agents(MATTA) vice-president (inbound) Tan Kok Liang said it would now be cheaper for foreigners to come to Malaysia with their increase spending power.

Federation of Malaysian Manufacturer(FMM) president Tan Sri Yong Poh Kon said Malaysian goods would be more competitively priced aboard. Exporters will benefit as they will earn a higher revenue for the same amount of goods sold previously.

Is Real Property Gains Tax (RPGT) in Malaysia in the rising trend? It seems to be happening. As we can see from the data on below, the RPGT rate has been increased progressively by government from 0% to 5%, 10% and 15%, in year 2010, 2012 and 2013, respectively. Will there be another incremental coming this Budget 2014 tabling? 

RPGT was one of the government's initiative that had a big and immediate impact on curbing housing speculation. 

In order to ensure the sustainable housing delivery system, the RPGT was reintroduced in 2010(see table below) to curb speculation and prevent the housing market from overheating.

However, reference to the House Price Index by National Property Information Centre(NAPIC) showed that in 2011 and 2012 the house price index recorded the highest increase for the last five years especially in Selangor, Kuala Lumpur, Penang, Pahang, Sabah, Perak and Terengganu.

Property flipper or short-term investor must be cautious on the rising RPGT. You may want to take (as per Real Property Gain Tax Act 1976) into your consideration, meaning 15% tax will be imposed on chargeable property gain for disposal within first two years as of year 2013. 

Will there be property bubble or rather property correction moving forward? While we're in this conundrum, developers seem to do stockpile on their land bank.

Vulcan Salute: Live Long And Prosper

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.

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