Halaman Bukit Gambir Property

Shamrock: Layout Plan

These are the various layout plan for Shamrock.

Type B

Type A

The Show unit.

These are the layout plan for Shamrock, If you have any enquiry please contact me
so that i may furnish you with more info about the project.
Michael: 0164207727
Ryan: 0164278766

Shamrock Pictures

Here are some pictures of Shamrock Beach

The outside view of the unit

Split levels between living hall and dining area (Type A)

Converted Study room

The living Hall

Bedroom

Private family area

Kitchen Area

What do you think... Impressive for a super link terrace? This are pictures taken from the show unit that is also going for SALE. Please contact us for further information.

Shamrock Beach Phase 3A open for SALE

5 Minutes walk to the beach, Living on the hill are over looking the Sea - Shamrock Beach.... The IDEAL place for you to call HOME.

Introducing the latest wide super-link terraces at Tanjung Bungah/ Batu Ferringhi equipped with latest modern chic design for residential purposes nested on the green breezy hills of the island.

With phase 1&2 SOLD OUT, Phase 3A is now on open for SALE!
this LOW density project consist of only 62 units on a 9 acre land, set to be a landmark among the locals and even the international community as well.

Type : 3 Storey Super link Terrace
Selling Price : RM1.02 mil
Current Status : Phase 3A open for SALE
Rental Price : RM5-6k (Est)
Units : Units 53 - 62 + Show house
Built Up Area : 3,037 sqf
Land Area : 1,500 sqf (approx)

Penang raises density for property development

By THE STAR

GEORGE TOWN: The state government has raised the density for property development in Penang, which will bring down land cost and stabilise property prices, said Hunza Properties Bhd executive chairman Datuk Khor Teng Tong.

“The state government recently decided to increase the density to 280,000 sq ft in built-up area from 90,000 sq ft per 100,000 sq ft of land.The decision to increase density will allow developers to build more, hence giving consumers more choices.

“It will also help arrest the escalation of property prices over the next few years,” he said at a company briefing for the media, analysts and bankers.

Datuk Khor Teng Tong says it will help arrest the escalation of property prices.

On the group’s projects on the island, Khor said Hunza would finalise the design plans for a “green” apartment building project on a 4ha site soon.

The apartments would have built-up areas ranging between 1,300 and 1,800 sq ft

The project was expected to contribute strongly to the bottom line of the group for the financial years ending 2011 and 2012, Khor said.

On the Gurney Paragon project, Khor said the designs and plans for the shopping mall had been finalised and submitted to the relevant authorities for approval.

“We hope to start work by early 2010,” he said.

The seven-storey shopping mall will have a gross built-up area of 1 million sq ft, of which 650,000 to 700,000 sq ft would be lettable.

On the property market in Penang, Khor said property was currently in short supply.

“The shortage of supply is mainly due to a slowdown by developers. Not many new housing projects have started in the past one year.

“Furthermore, work on projects in the state has to stop at 6pm, which will delay the delivery of units, resulting in lower supply and the increase of property prices,” he said, adding that the local authorities needed to speed up approvals for new housing projects to meet market demand.

For the fiscal year ended June 30 (FY09), the group posted RM27.6mil net profit on revenue of RM91.8mil compared with RM48.4mil and RM245mil respectively in FY08.

Lifestyle Living Property Fair

The Star Property Fair 2009, organised by The Star in collaboration with Henry Butcher Malaysia and supported by the Expat Group, will feature the creme de la creme of properties ad will take place at the G Hotel on Sept 11th to 13th.

Venue : G Hotel & Gurney Plaza

Date : 11th - 13th Sept. 2009

Time : 10am - 10pm

We, Carey Real Estate (Pg) will be there at G Hotel...

We will keep you post updated on what's happening...

See you there!

Developers in Penang are targeting buyers on a lower budget

Extract from The Star

GEORGE TOWN: Double-storey terrace houses and properties priced around RM200,000 are making a comeback in Seberang Prai.

Henry Butcher Malaysia (Seberang Prai) senior manager Fook Tone Huat said in early 2003 and 2004, 2½- to three-storey houses were popular as purchasers sought bigger space for their families.

“The built-up areas of such properties start from 2,200 sq ft and when first launched, they were priced from RM280,000. Today, these properties are priced between RM350,000 and RM380,000.

“Last year, when the global economic crisis set in, developers started developing double-storey houses, as buyers now have a lower budget,” he told StarBiz.

With a built-up area of 1,500 sq ft, the double-storey properties were priced from over RM200,000, depending on location, Fook said.

“Such properties on the mainland generally appreciate by about 10% annually. We are also seeing a new range of affordably priced high-rise properties with theme park facilities being planned for the mainland, that are normally found only on the island. These condominiums are priced between RM170,000 and RM190,000,” he said.

Fook said developers should look into introducing the 5:95 easy payment plan, which allowed buyers to pay just 5% for the property and the remaining 95% upon completion of the project.

This easy payment scheme, although popular on Penang island, had yet to be widely implemented for projects in Seberang Prai, he said.

The Seberang Prai property market in the second quarter showed no improvement over the preceding quarter and was expected to remain sluggish into the third and fourth quarters, he said, adding that sales were anticipated to pick up early next year.

Fook added that for the past two years, the development of new property projects had shifted from Raja Uda and Bagan Lallang in north Seberang Prai and Bukit Mertajam in central Seberang Prai to Bukit Tambun and Simpang Ampat in south Seberang Prai.

One Asia Property Consultants (Penang) Sdn Bhd managing director Najihah Md Noor said the soft property climate offered buyers a wide range of choices.

“It is the buyer’s market. They can pick from the new launches which normally offer freebies for the properties such as kitchen cabinets and air-conditioners.

“Buyers can also get value for their money from auctioned properties which are sold below market value,” she said.

The banks’ offer of ultra low financing loans last month had also brought some improvement in the market, she said.

Developers launching new double-storey terrace and higher-end condominium projects on the mainland include Asas Dunia, Tambun Indah, DNP Land Sdn Bhd and new player Landmark Strategy Sdn Bhd.

After a hiatus about six months, Asas Dunia is now launching some 1,177 landed properties in central Seberang Prai.

Asas Dunia managing director Datuk Jerry Chan said about 50% of the new launches were terraced properties priced between RM130,000 and RM250,000.

“The other 50% are semi-detached houses and bungalows, priced at RM280,000 to RM350,000 for the former and RM350,000 to RM450,000 for the latter,” he said.

Chan said the group was resuming its property launches because sales had picked up in May and June.

“We are also confident that there is commitment to complete the second bridge on schedule by 2012, after seeing substantial progress made on construction work,” he said.

DNP Land general manager K.C. Tan said the company would, in the fourth quarter, launch 338 properties, comprising 200 double-storey terrace houses and 138 semi-detached houses and bungalows, for the BM Utama project in Bukit Minyak and Taman Sri Impian in Bukit Mertajam.

The double-storey terrace houses are priced from RM250,000 while the semi-detached units and bungalows start from RM400,000.

“We will develop a five- and four-acre park respectively for the BM Utama and Taman Seri Impian schemes, which will be properly landscaped and equipped with the appropriate amenities.

“We will also construct a 90,000 sq ft commercial centre in Bukit Minyak, located between the two projects,” he said.

Meanwhile, Tambun Indah and Mutiara Goodyear Bhd are offering 600 terraced, semi-detached and bungalow units at its Pearl Garden scheme with an estimated gross sales value of over RM200mil in Simpang Ampat, south Seberang Prai.

Landmark Strategy Sdn Bhd is developing the 952-unit Pinang Laguna Theme Park Condominium with a gross sales value of RM160mil on seven acres in Seberang Jaya.

The units are priced between RM170,000 and RM220,000 for built-up areas of 950 to 1,100 sq ft.

Business development manager Michael Cheng said the project would be equipped with theme park facilities. “There will also be a clubhouse with spa, gymnasium, sauna and outdoor jacuzzi,” he said.

Tips on selling your home in down market!

facts you need to know...

In a declining real estate market where supply outstrips demand, a person can generally sell a house faster by lowering the price. But there are other ways to enhance a home's attractiveness besides lowering the asking price. If you're looking to sell your home in a cooling real estate market, read on for some tips on how to generate interest and get the best price possible.

Fact #1 - Check your surroundings

In order to attract attention and to make your more memorable, consider custom designs or additions, such as landscaping, high grade windows or an updated Timberline roof. This can help improve the home's aesthetics, while potentially adding value to the home. Any improvements should be practical and use colors and designs that would appeal to the widest audience. In addition, they should compliment the home and its other amenities, such as bulding a deck or patio adjacent to an outdoor swimming pool. More than ever, in a down market you should take every small edge you can get.

Fact #2 - Clean the clutter

It is imperative to remove all clutter from the homw before showing it to potential buyers because buyers need to be able to picture themselves in the space. This might include removing some furniture to make rooms look bigger, and putting away family photographs and personal items. You may even want to hire a stager to help you make better use of the space. Staging costs can range from a couple of hundreds to maybe a thousand, particularly if you rent moden, neutral furniture for showing your home. Many people feel stagers can make a home more salable, so hiring one deserves some consideration.

Fact #3 - Sweeten the deal

Offer terms that might sweeten the pot. For example, sellers that offers the buyer a couple of thousand dollars credit toward closing costs, or offer to pay closing costs entirely, will receive more attention from house hunters looking at similar homes. In a down market, buyers are looking for a deal, so do your best to make them feel they're getting one.

Fact #4 - Improve Curb Appeal

Sellers often overlook the importance of their home's curb appeal. The first thing a buyer sees is a home's external appearance and the way it fits into the surrounding neighbourhood. Try to make certain that the exterior has a fresh coat of paint, or some touching up, and that bushes and lawn are well manicured. In real estate, appearances mean a lot. What better way to set your home apart than to make it attractive at first glance?

Fact #5 - Get your home in "Move In" condition

Aesthatic are important, but its also important that doors, appliances, and electrical and plumbing fixtures be in compliance with current building codes and in working order. Again, the idea is to have the home in move in condition and to give potential buyers the impression that they will be able to move right in and start enjoying their new home, rather than spending time and money fixing it up.

Fact #6 - Buying a home in a down market

Prospective buyers have an edge in a down market, but this doesn't mean they are guaranteed to make money on the properties they buy. When real estate sales are slow and there is a glut of homes for sale, buyers have an opportunity and to pick up a house on the cheap. The operative word here is "opportunity". There are times when you should pounce and times when you should show restraint and avoid an impulse buy. Knowing the difference could save you thousands of money.

Fact #7 - Sell your house

Selling a home in a down market requires a little extra work. Do everything you can to get the home in excellent shape and be prepared to make some small concessions at closing. These tips, coupled with an attractive price, will increase the odds of getting your home sold.

well hope you enjoy reading the tips given...

SP Setia for Rental

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Here is a good property to look at, partly furnished with ample space for your personal needs and a quiet place to relax.

Come and invest in BL Business Centre

*click on the image to enlarge

Bungalows for sale!

Hey everyone, we have 2 bungalows for sale @ Tanjung bungah park.
If your interested, you can check out our newsletter below!

Pine Valley Business for Investment!!

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Gross Rental Yields - Malaysia Compared to Continent

Malaysia: Gross rental yields (%).

The gross annual rental income, expressed as a percentage of property purchase price. This is what a landlord can expect as return on his investment before taxes, maintenance fees and other costs.

The properties are 120-sq. m. apartments located in premier city centres. (See our list of premier cities)

The gross rental returns (or rental yields) figures published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research.

Only resale apartments and houses are researched. Yields for newly-built properties are not included.

Buyers should expect the rental yields of new properties to be lower than the gross rental yields published by the Global Property Guide.

Properties will be in excellent condition, with good facilities, and have been refurbished or redecorated within the last five years.

When was this data collected? Click on individual countries to see the data collection date.

Source: Global Property Guide Research

Malaysia releases a quarterly house price index. Data are available from the Bank Negara Malaysia (BNM). The Real Estate and Housing Developers Association (REHDA) is the best source of papers, press clippings and stories about the housing market. The National Property Information Center (NAPIC) publishes Property Market Status Report which focuses on property sales.

BNM has useful monetary, financial and economics data.

More REITs seen with easing of guidelines

Extracted from the Star – StarBiz, Monday 6^th July 2009.

By Angie Ng

Malaysia will now be able to look forward to more property funds organization and real estate investment trusts (REITs) implementing into the market for the next few months following the liberalization of Foreign Investment Committee (FIC) guidelines for foreign property investors and the aborting of the bumiputra equity condition in public-listed companies.

According to Axis REIT Managers Bhs Chief executive officer-cum-executive director Steward LaBrooy, the removal of the 30% bumiputra condition on listed companies, which hopefully soon be applied in REIT management companies, this would then encourage more industry investors to be involve.

LaBrooy added that the bumiputra equity condition was a holdup to existing REIT managers in forming alliances with strong overseas operators through sales of equity without the major reduction of shareholders’ interest. By this removal of 30% bumiputra condition, it will attract more players through the new alliances that will increase the capital inflows as a result.

He said the deregulation of the FIC would provide the catalyst or renewed interest in the foreign investment in Malaysia’s real estate. Prior to this, any foreign buyer of Malaysian real estate had to go through complicated structures to own and list their Malaysian assets. Moreover, with Malaysia REITs market becoming more well established and the Securities Commission introduction form a business-friendly guidelines for both conventional and Islamic REITs foreign investors will have good reasons to re-enter the market. The move will promote many other private funds to re-consider the market.

“The lifting of the bumiputra equity rule in stocks as well as allowing 100% foreign ownership in fund managers seeking to operate in Malaysia its positive moves that would place Malaysia in a favorable position to attract foreign investors,” Labrooy added. Later he added that as it was now much easier for foreign real estate ownership by wither individuals or property funds, investment trade properties should be able to perform well.

“A lot of new ventures are the commercial or residential, should be able to take off as there will be a need for more quality and REIT-able property projects going forward. At the end of the day, these investors will need an exit plan and REIT will be a good option for them,” he said.

To provide a boost to the market, he said there was a need to promote greater retail interest in REIT investment. Prior to this, there will be road shows held in various states starting with Penang over the weekend to raise a necessity awareness of REIT investment among the local investment community. In addition to investing in REITs, the investors will be given a chance to broaden up their interest in a wide portfolio of property, while REITs provide regular dividend payout that draws a withholding tax of 10% for individual unit holders. Annual yields paid out by the various REITs in the country so far are between 8% and 13%.

Labrooy said as the global financial crisis had yet to bottom out and foreign players would not be coming in immediately, the more liberalized environment was a good groundwork to attract them when the economy turned for the better.

Overseas property companies and funds that are looking for good value investment in the region may be lured to invest in Malaysia for capital appreciation. CapitaLand, which is eyeing a bigger stake in Malaysia’s real estate market, is one of the potential big players. CapitaLand’s REIT, with an initial asset size of RM2bil, was targeted to be the country’s first foreign-sponsored REIT on Burse. The company had intended to inject its three shopping malls in Malaysia – Gurney Plaza in Penang, the Mines Shopping Fair in Seri Kembangan, Selangor, and Sungei Wang Plaza in Kuala Lumpur - into the REIT.

Through its US$30.5mil real estate private equity fund, Mezzo Capital, CapitaLand has invested in a number of high-end residential projects in the country. CapitaLand also owns a 30% stake in the 50-storey Menara Citibank in Kuala Lumpur’s Golden Triangle.

Property transactions no longer need FIC approval

by Bernama: 30th June, 2009

KUALA LUMPUR, Tue: ALL property transactions, including those between foreigners and non-Bumiputeras, will no longer require Foreign Investment Committee (FIC) approval, Prime Minister Datuk Seri Najib Tun Razak announced today. The FIC approval will only be required for property transactions which involve a dilution of Bumiputera or government interest for properties valued at RM20 million and above, he said at the Invest Malaysia 2009 conference here.

For example, a dilution of Bumiputera interest refers specifically to the instance where a property currently majority held by Bumiputeras and as a result of a transaction ceases to be owned by a majority Bumiputera entity.

Transactions no longer requiring the FIC approval fall into two categories, with the first relating to any transactions involving sale by non-Bumiputera or foreign majority interest.

Secondly, any transactions involving purchase by Bumiputera-controlled entity and this will include a Bumiputera-owned company acquiring property from another Bumiputera-owned company.

This deregulation is expected to facilitate greater property transactions and investments, including acquisitions of commercial properties by foreign interest.

"The government believes that the easing of the regulation will significantly enhance Malaysia's value proposition as a place to do business and invest," said Najib, who is also the Finance Minister.

He said with the comprehensive easing of FIC guidelines at the firm level, the Economic Planning Unit will refocus its efforts towards coordinating and monitoring distributional policies at a macro level.

In this respect, the government remained committed towards enhancing economic participation by Bumiputeras, he added. - BERNAMA

Penang, towards the future

Economists and the Malaysian Government alike foresee a growth in property development with the proposed Second Bridge Link, monorail, and Penang Outer Ring Road projects, to be implemented soon.

Many foreigners, especially Japanese, Australian and British nationals, have invested in second homes on Penang island. In a recent survey, Penang was voted one of the best Asian cities to live in, by Asiaweek. It ranked 6th in 1998 and 9th in 2000.

In 2007, Penang ranked as the 10th most liveable city in Asia according to a survey involving 255 cities in Asia by Employment Conditions Abroad Limited (ECA International). Some of the barometers by which these cities were gauged include weather, air quality, infrastructure, health services, housing, security and politics. Property prices in the south of Penang have increased by approximately 20%, compared to only a year ago.

Generally speaking, Penang properties generate good investment value because of their location, concept, design and quality.

Investing in Penang Property

Investing in property is very rewarding especially when done in Penang, as property prices tend to appreciate over a relatively short period of time. Prime property locations in Penang include beachfront property in Batu Ferringhi, Tanjung Bungah and Tanjung Tokong, which are all located on the Northeast of the island. Along Batu Ferringhi are numerous large hotels, restaurants, transport rental services and souvenir stores. Adjacent vicinities include Teluk Bahang and Tanjung Bungah.

Tanjung Bungah is another popular place for beachfront property. Many hotels in Tanjung Bungah offer rates to suit budget travellers. Indeed, the development of mid-class to high-end apartments and condominiums are rampant in Tanjung Bungah. It is an ideal residential spot for foreigners due to its proximity to the Dalat School and The Uplands International School of Penang. The Penang Branch Campus of Tunku Abdul Rahman College (TARC) is also situated here.

Just minutes' drive away is Tanjung Tokong, where the sea-fronting, exclusive Seri Tanjung Pinang villas developed by E & O Property Development Bhd have just been launched. The group has launched about 500 units of landed residential properties, priced from about RM800,000 onwards. It is now getting ready to launch the new bungalows for the Seri Tanjung Pinang project at the end of 2008, priced from RM2.8 million.

Pulau Tikus - located in Georgetown, central Penang - is also one of the upcoming prime property locations on the island. One of the luxury condominiums is the Silverton situated along Gurney Drive. This freehold property is priced from RM1 million. Lying towards the Southeast of the island is Batu Maung. Around 20 years ago, Batu Maung was only a small fishing village accessible only from Bayan Lepas.

However, in the past few years, Batu Maung has been experiencing rapid development due to its proximity to the Bayan Lepas Free Trade Zone. In 1994, a new four-lane highway - known as the coastal highway - was opened, linking Batu Maung to Gelugor. This shortened the journey from Batu Maung to Penang Bridge to around 15 minutes, from almost an hour previously.

In August 2006, Malaysian Government has announced that Penang's Second Bridge will be built from Batu Kawan, on the mainland, to Batu Maung, on the island. This infrastructure is expected to lend impetus for more development of property in that area. In fact, local developer Mah Sing’s RM1.28 billion Southbay Penang project in Batu Maung registered some 1,500 interested buyers for its first phase - scheduled for launching in early 2008.

Excerpt:

"Investing in property is very rewarding especially when done in Penang, as property prices tend to appreciate over a relatively short period of time."

An economic outlook of Penang

The economy of Penang is thriving with its growth in the electronics, semi-conductor and high-tech industries, in particular.

In fact, Penang has the third largest economy among the Malaysian states, after Selangor and Johor. In 2000, manufacturing was the most important component of the Penang economy, contributing 45.9% of the State's Gross Domestic Product (GDP). High-tech electronics plants such as Dell, Intel, AMD, Altera, Motorola, Agilent, Hitachi, Osram, Plexus, Bosch and Seagate are all located within the Bayan Lepas Free Industrial Zone.

Penang was declared a Multimedia Super Corridor Cyber City - the first outside of Cyberjaya - in January 2005, with the goal of making the state a high-tech industrial park. Tourism, finance and shipping are among the other important sectors of Penang's economy.

The National Physical Plan of Malaysia envisages a Conurbation of Georgetown, which includes Georgetown and surrounding areas. The Conurbation of Georgetown is designated a Regional Growth Conurbation. The greater metropolitan area of Penang consists of highly urbanized Penang Island, Province Wellesley (Seberang Prai), Sungai Petani, Kulim and the surrounding areas. Under the 9th Malaysian Plan, this entire area is referred to as the Northern Corridor Economic Region (NCER).

Come visit Penang...

Penang also known as “The Pearl of the Orient” lies of the north-western coast of Peninsular Malaysia. The state comprises the island of Penang covering an area of about 285 square kilometer and a narrow strip of approximately 760square kilometer on the mainland known as Seberang Perai (Province Wellesley) separated by a channel 3km wide at the closest point. They are linked by the Penang Bridge and a 24- hour ferry service. Its population of more than 1 million represents a happy mix of the major races found in Malaysia with Malays making up 32%, the Chinese 59% and Indians 7%.

Georgetown is at the northeastern tip of the island is the seat of administration and also the commercial hub of the state. This bustling metropolitan city combines the best of east and west as seen in its fascinating collection of fine old buildings, each bearing the stamp of different foreign influences in its colourful history. Much of its charm also lies in its famous golden beaches and calm warm seas. Penang today is a resort island in full bloom – an idyllic playground for worshippers of the sun and the sea. Its multi-racial population contributes to a wealth of cultural attractions and festivals for visitors to bring home memories of happy times in Penang.

Corner Unit @ Tanjong Tokong

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Commercial Building

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Contemporary Property just for you!

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Located at Jalan Bunga Cempak Putih

Bunga Kaca Piring

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Welcome to Propertizer!

Dear readers,

Welcome to Propertizer, a blog that craves for property updates.

The idea is to update you on the latest and hottest properties around Penang. It not only features hot properties but also the most dated news bulletin on the present economic property status.

Please call us for enquiries on this property to make an arrangement for viewing appointments.

Alternatively, you can reach us through E-mail. We will respond to your query as soon as possible. We hope to be of service and value to you. Thank you.

Warmest regards,

Carey Real Estate Penang

Contact us:

Michael @ 016 - 420 7727

Email: michael@careypenang.com

Ryan @ 016 - 427 8766

Email: turner.ryan.82@gmail.com