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Chinese New Year 2020 Open House & Roadshow

January 17th, 2020 No comments

May the Year of the Metal Rat brings you lots of happiness, good health, good luck & good fortune. Happy Chinese New Year 2020!

Celebrate this coming festive season with your family by visiting these open house organised by developers. Enjoy the refreshments, lion dances, kids activities, lucky draw ang pao, CNY gifts and live performances while searching for your dream home.

The Sun Condominium Chinese New Year Open House. Grab an Angpow worth RM888 during this event!

SEPAKAT MEWAH (18 & 19 JAN)

The Sun Condominium Chinese New Year Open House. Grab an Angpow worth RM888 during this event!
Triuni Residence Tower B Lunar Grand Launch! Enjoy up to RM108K CNY Angpow per unit

RUNNYMEDE GROUP (28-30 JAN)

Triuni Residence Tower B Lunar Grand Launch! Enjoy up to RM108K CNY Angpow per unit
Hottest Rat Year Bonus For You

MTT PROPERTIES (22 JAN – 9 FEB)

Hottest Rat Year Bonus For You
Urban Suites show unit is now ready for viewing. Call now to make appointment!

COSMOPOLITON HOMES (27 JAN)

Urban Suites show unit is now ready for viewing. Call now to make appointment!
CNY Property Fair 2020 at Queensbay Mall, Gurney Plaza and Sunway Carnival Mall.

PROPERTY QUEEN (27 JAN – 2 FEB)

CNY Property Fair 2020 at Queensbay Mall, Gurney Plaza and Sunway Carnival Mall.
CNY Open House Paramount Property New Gallery @ Utropolis Batu Kawan

PARAMOUNT PROPERTY (1 FEB)

CNY Open House Paramount Property New Gallery @ Utropolis Batu Kawan
Start the New Year right with the home of your dream
Click here for more info aboutHomes of Prosperity

MAH SING GROUP

Start the New Year right with the home of your dream Click here for more info about
Homes of Prosperity
Valencia Residence - Show Gallery open for viewing during Chinese New Year!

AMAN SETIA GROUP

Valencia Residence - Show Gallery open for viewing during Chinese New Year!
Celesta Residence - Super low density condo with only 89 units

TGB GROUP (27 JAN – 2 FEB)

Celesta Residence - Super low density condo with only 89 units
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SITE PROGRESS: M Vista @ Southbay (Jan 2020)

January 17th, 2020 No comments

m-vista-jan2020

 

About M Vista @ Southbay

A low density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge.

This development features 237 residential units with built-up size ranges from 534 sq.ft. to 1,201 sq.ft.

Find out more about M Vista @ Southbay

* Register your interest now to receive a call back! *

Ushering a Prosperous Chinese New Year with Property Queen

January 16th, 2020 No comments

pq-cny2020

Mark your calendars on the 27th January – 2nd February 2020 for the one and only Property Queen Chinese New Year Property Fair 2020 at Queensbay Mall, Gurney Plaza and Sunway Carnival Mall. Now is the right time to shop for the best property in Penang! Don’t miss this golden opportunity and we will see you there!

Property Queen also invited our local radio announcer, Cynthia from 988 to grace the event at Queensbay Mall and Gurney Plaza on the 27th of January 2020. Make sure to drop by and meet her in person! Other than that, there will be a series of activities happening at Queensbay Mall, such as the lion dance performance, 24 festive drums performance, God of Prosperity appearance, mandarin orange give away, mask changing performance and more! Register, Like & Share Property Queen Facebook page and event page to redeem exclusive Property Queen Magazine and eco-friendly straws, while stocks last only!

 


PHOTOS: Property Queen CNY Expo 2019

 

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Marminton Homes

January 16th, 2020 No comments

marminton-homes-Terrace-Apartment

Marminton Homes, a residential development by Sungguh Gemilang Sdn. Bhd. (a wholly owned subsidiary of Atta Global Group) at Butterworth, Penang. Strategically located along the ever-bustling Jalan Raja Uda, Adjacent to the Elements Garden by Oriental Max Group. It is about 15 minutes drive from Penang Bridge.

This development comprises a 14-storey condominium featuring 112 condominium units, and 8 units of 3-storey terrace houses.

The project is still in its planning stage. More details to be available upon official launch.

Project Name : Marminton Homes
Location : Raja Uda, Butterworth, Penang
Property Type : Residential
Built-up Size: (to be confirmed)
Land Area: (to be confirmed)
Total Unit: 112 (condo), 8 (3-storey terrace)
Indicative Price : RM518,000 (condo), RM1.2mil (terrace) onwards
Developer : Sungguh Gemilang Sdn. Bhd. (Atta Global Group)

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Location Map:

 

 

 

HOC sold RM1.64b worth of Penang houses in 2019, no plan to continue this year

January 15th, 2020 No comments

The Home Ownership Campaign (HOC) 2019 cleared some RM23.2 billion worth of houses, surpassing the initial target of RM17 billion.

Housing and Local Government Minister Zuraida Kamaruddin (picture) said the programme managed to clear 31,415 residential units developed by federal and state governments, and private builders.

“This is above our target. The private developers are very satisfied with HOC because it helped and encouraged them to ease their overhang units.

“They said they can offer their own discounts for buyers without HOC after this, so they can further minimise their losses,” Zuraida told a media conference in Putrajaya yesterday.

The HOC, which also provided ancillary support and services including financing schemes and legal assistance for property buyers, was designed to alleviate the RM20 billion overhang in the sluggish residential property market.

Under the scheme, which was also supported by various home exhibitions throughout the nation, houses with HOC certificate also enjoyed various stamp duty exemptions and discounts.

Last September, Zuraida said HOC could help sell at least 25,000 homes worth RM17 billion.

She said the latest RM23.2 billion was the figure recorded as at last November.

“As such, the latest, up to December, could be higher. We also allowed pre-December bookings to be part of the scheme even if the loan approvals were obtained later,” she added.

As of the first half of 2019, residential property overhang was valued at RM19.76 billion of 32,810 unsold houses.

The highest overhang was for houses that were priced between RM200,000 and RM300,000, with a total of 4,912 unsold units, according to the National Property Information Centre.

According to the HOC sales breakdown sighted by The Malaysian Reserve, 507 residential units sold were priced below RM300,000. Previously, those houses were tagged at above RM300,000.

The data also showed that houses priced between RM300,000 and RM599,999 recorded the most take-up, with 17,217 units (54.8%) transacted, followed by houses that were priced between RM600,000 and RM999,999, with 10,970 units (34.92%) sold.

Prior to the HOC, houses ranged between RM600,000 and RM999,999 dominated the list with 43.95%, or 13,808 units offered. During the campaign, most of the houses sold were located in Selangor (12,947 units), followed by Kuala Lumpur (KL) (7,282), Johor (3,592), Penang (2,370), Negri Sembilan (1,899) and Melaka (1,816).

Of the total, 5,705 units were completed units, while 25,710 were still under construction. In terms of sales generated, Selangor raked in RM8.55 billion, followed by KL (RM4.78 billion), Johor (RM2.3 billion), Penang (RM1.64 billion) and Negri Sembilan (RM1.05 billion).

According to the data, 769 developers participated in the scheme that involved 1,233 projects nationwide.

Zuraida, however, said the ministry has no intention to continue the HOC this year.

The campaign was initially planned for only six months from January 2019, before it was extended till the year-end due to good response from house buyers and developers.

Zuraida said the ministry is currently conducting a six-month study to re-examine the overall housing industry and market sentiment.

“We could do another incentive programme to clear up unsold units, if the overhang is still high,” she said.

Source: TheMalaysiaReserve.com

 

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