Redefining town lifestyle

THE Meridien Residence in Penang offers much needed relief for those looking for a sanctuary away from the hustle and bustle of modern living.

Under Reka Indah Development, the Meridien Residence was designed with a low-density concept – 160 units only.

Located in Sungai Ara, the project consists of a 30-storey single exclusive block.


Room to breathe: The spacious living room of a Meridien condo unit

Every unit, which range from 1,260sq ft to 1,916sq ft, features an open air concept balcony to let in the breezy air and natural light.

The all-inclusive tower offers residents full condo facilities such as an infinity pool, indoor gymnasium, community hall, jogging track and more.

All units also come with two covered parking spaces.

Buyers can also check out the landed three-storey semi-detached houses — only four units available. Each features a porch that can accommodate three cars.

The houses have a spacious built-up area of 3,911sq ft and are built on a 35ft by 85ft land area. A passenger lift is also installed in each unit.

The Meridien Residence is situated near Setia Pearl Golf & Country Club and is mere minutes away from the Penang Bridge, township of Bayan Baru and the Penang Interna-tional Airport.

Another upcoming project of Reka Indah Development is Boulevard Condominium in Air Itam. It consists of two towers of 37 and 38 storeys. The built-up area of the condo units ranges from 936sq ft to 2,325sq ft.

Located at the junction of Lorong Batu Lanchang and Lebuhraya Thean Teik, the condominium is just 10 minutes’ drive from the Penang Bridge and Tesco Hypermarket, 15 minutes’ drive to George Town and 25 minutes’ drive from the Penang International Airport.

Condominium residents can use a list of facilities including an infinity pool, Jacuzzi, indoor gymnasium, centralised Astro signal and two covered car parks.

Touted as Penang’s premier property expo, the fair’s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to July 24.

To date, 28 major developers — representing almost all the big boys in the industry — along with several financial institutions, have taken up booths in the fair.

The RM30,000 worth of prizes for the ‘Surf, Click & Win’ contest are sponsored by IJM Land.

The fair, which will be open to the public from 10am to 10pm daily, is organised by The Star in collaboration with Henry Butcher Malaysia (Penang) Sdn Bhd. Admission is free.

For enquiries, call 04-6473388 ext 3357 (Shirmein) or ext 3418 (Bessie).

By TheStar

In the isle of dreams

SURROUNDED by lush greenery and blooming aromatic flowers that is bound to capture an oasis of peace and serenity, the development of the Setia Pearl Island will definitely be many property buyers’ cup of tea.

Dubbed the Island of Dreams, the project is akin to a tropical island of dreams with magnificent homes and well-designed landscapes, sprawling across 45.56ha (112.6 acres) of the former Pearl Island Country Club in Sungai Ara, Penang.

Property buyers would be spoilt for choice as the project is being touted for its six distinctive isles, namely, the Isle of Life, Isle of Aroma, Isle of Palm, Isle of Connifer, Isle of Discovery and Isle of Views, each with its own special characteristics and landscaping theme which would fulfil both the buyers’ wants and needs.





In the making: SP Setia Berhad Group, Property Division (north) general manager S Rajoo (left) and Sales and Marketing, Property Division (north) manager Yeoh Chee Beng showing a Setia Pearil Island model house

Among the six isles, the Isle of Connifer — featuring three-storey link houses, semi-detached homes and the four-storey villas, which is better known as the Pearl Villa — stands out.

With only 35 units available, the Pearl Villa is the cream of the crop as it boasts a swimming pool as well as lift in the four-storey luxury villas.

With a built-up area of 6,577sq ft and a price range starting from RM2.98 million, the villa is definitely a master class development.

The Setia Pearl Island is in a perfect location as it is well located at the heart of modern conveniences linked to a network of roads, bridges and expressways.

The Tun Dr Lim Chong Eu Expressway, Penang Bridge and the upcoming second bridge link from Batu Maung to Batu Kawan will enable easy access to the four corners of the island and mainland.

Meanwhile, landmarks such as the Penang International Airport, Free Industrial Zone, Penang International Sports Arena, shopping complexes, colleges and many more are just a stone’s throw away from Setia Pearl Island.

Apart from that, the architectural design of the project emphasises a relaxing and comfortable lifestyle with green surroundings.

Also available for buyers are clubhouse facilities such as swimming pool, tennis court, ballroom, outdoor jacuzzi and many more.

Touted as Penang’s premier property expo, the fair’s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to July 24.

To date, 28 major developers — representing almost all the big boys in the industry — along with several financial institutions, have taken up booths in the fair.

The RM30,000 worth of prizes for the ‘Surf, Click & Win’ contest are sponsored by IJM Land.

The fair, which is open to the public from 10am to 10pm daily, is organised by The Star in collaboration with Henry Butcher Penang. Admission is free.

For enquiries, call 04-6473388 ext 3357 (Shirmein) or ext 3418 (Bessie).

By TheStar

Fiera Vista - has a full range of sports and recreational facilities

Prime location: Teh showing the project models of Fiera Vista Condominium at his office at Krystal Point Corporate Park.

IF you are looking for an ideal home which promotes healthy living, then check out the Fiera Vista Condominium at the coming Star Property Fair 2011.

The latest project by Ideal Homes Properties Sdn Bhd located along Jalan Tun Dr Awang in Bayan Lepas, Fiera Vista boasts of having comprehensive sports and re- creational facilities to complement an energetic and healthy lifestyle.

Its sales and marketing manager Teh Yeow Jin said besides a swimming pool, jacuzzi, half basketball court and children’s playground, other facilities available include rock climbing, badminton court and a gym.
“This is a testimony of our commitment to providing a healthy living environment for residents investing in our project,” he said.

Teh said each of the 470 units features a semi-detached and bungalow concept, with two types of built-up area of 1,450 sq ft (135 sq m) and 1,650 sq ft (153 sq m).

He said each unit with a starting price of RM478,000, was deemed affordable, considering the pro-ject’s prime location which is close to the bustling Bayan Baru township.
“The four blocks of buildings are 16-storey high each and they are located amidst greenery to invoke a sense of peace and calm without compromising on current lifestyles,” he added.

Construction for the freehold residential project is scheduled to start end of the year.
Teh said the project was open for registration during the four-day property fair, adding that they had received thousands of enquiries for the project. For details, call 04-6456888.
He said besides Fiera Vista, limited units of 1-World and 1-World 2 would also be put up for sale during the fair.

Touted as Penang’s premier property expo, the fair’s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to 24.

To date, 28 major developers — representing almost all the big boys in the industry — along with several financial institutions, have taken up booths in the fair.

The RM30,000 worth of pri- zes for the ‘Surf, Click & Win’ contest are sponsored by IJM Land.
The fair, to be open to the pu-blic from 10am to 10pm daily, is organised by The Star in collaboration with Henry Butcher Penang. Admission is free.

For enquiries, call 04-6473388 ext 3357 (Shirmein) or ext 3418 (Bessie).

By TheStar

Mah Sing continues expanding

KUALA LUMPUR: Mah Sing Group Bhd will continue to acquire prime land and enter into joint ventures in future, to further boost its expansion strategy.
Managing director Tan Sri Leong Hoy Kum said the group was keen on both privately held and government land that could be developed as it had the track record, experience, branding and financial capacity to unlock and enhance the value.
“This year should be another good year, particularly for developers with a knack for creative product development and market strategies, among others.
“The mid to high-end residential segment in well-established locations should continue to thrive together with the mass housing market, echoing the Government's call to provide affordable housing,” he told reporters after Mah Sing's AGM here yesterday.
To date, the group has a total of 34 projects, all in Greater KL (Kuala Lumpur and Klang Valley), Penang and Johor Bharu, which yield a combined remaining gross development value (GDV) and unbilled sales of approximately RM14bil to last for five to seven years.
Leong also expected the positive sentiment for the property market to continue, riding on the favourable employment conditions and stable economic growth.
“It is a good time to buy properties now in view of the rising construction cost environment as buyers can lock in current property prices and enjoy borrowing rates, which are still very reasonable.
“Buyers should consider the developer's track record in terms of product delivery, quality, service and potential upside of the property,” he said.
He added that the group would maintain its focus on the local property market for its expansion plan.
For the first quarter ended March 31, Mah Sing reported a net profit and revenue of RM41.2mil and RM311.8mil respectively.
“We surpassed our shareholders' expectations last year and are working hard on achieving another good year in 2011 with more launches coming up in the second half,” Leong said.
Macquarie Equities Research, the latest research firm to have initiated coverage of the group, had forecast Mah Sing' earnings to grow at a compound annual growth rate of 54% over financial years 2011-2013.
In order to provide continuous value enhancement to shareholders, the group was aiming for a RM5bil market capitalisation within five years, from its present RM2.2bil. Bernama

By TheStar

Tanjung Bungah’s only super condo to be ready in two years

1 TANJONG which represents Lone Pine Group of Companies’ maiden foray into the luxury super condominium market, is set for completion by 2013.
The group’s marketing and corporate affairs general manager Mabel Ooi said work on the two 41-storey towers was on track.
“We’ve incorporated eco-friendly features that reduce heat absorption as well as energy and water consumption and have applied for the Green Building Index (GBI) certification. The targeted completion date is two years from now.
“So far, response from both local and foreign buyers is good. We have potential purchasers from Singapore, Kuala Lumpur as well,” she said, adding that 1 Tanjong, a freehold project, was among a rare breed of luxury condominiums along the Tanjung Bungah beachfront in Penang.
“There is limited land along the state’s beautiful coastline. 1 Tanjong sits on the former Tanjong Country Club site, just beside Penang Swimming Club. Residents will have direct access to the beach,” she said.
Ooi said the project was developed for “resort style living”.
She said the group had studied the various super condominium projects in the region to ensure that 1 Tanjong was a step up from what is available in the market.

Green structures: Ooi showing models of 1 Tanjong super condo
 “With 1 Tanjong, we wanted to make improvements on complaints that we had heard from residents in other luxury living projects. For instance, the car park does not have a spiral ramp. You drive straight in so there is no risk of scratching your car,” she explained.
1 Tanjong comprises 147 freehold units, with each floor having only two units.
There are three layouts — a typical unit (4,760sq ft), penthouse (9,600sq ft), and top penthouse (18,600sq ft).
On the group’s Pine Valley Business Centre in the Paya Terubong township, Ooi said 34 freehold units were available for rent and purchase.
“It is Paya Terubong’s first trendy, modern commercial business centre,” she said.
For more details, visit the Lone Pine Group of Companies’ office at the Pine Valley Business Centre, 1077, Jalan Paya Terubong or call 04-827 8566.
Lone Pine will also be showcasing many of its properties at The Star’s Property Fair 2011.
Other key exhibitors include IJM Land, Sunway Grand, Vienna Home (Mah Sing), Ideal Property Develop-ment, SP Setia Group, Taman Sri Setia (Boon Siew Group), Ivory Pro-perties Group, Nusmetro, MTT Pro-perties & Development, Reka Indah Development, Lembaman Develop-ment (Belleview Group), DNP Land, GD Development and Tambun Indah Development.
To date, 28 major developers —representing almost all the big boys in the industry — along with several financial institutions, have taken up booths in the fair.
Touted as Penang’s premier pro-perty expo, the fair’s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to July 24.
The RM30,000 worth of prizes for the ‘Surf, Click & Win’ contest are sponsored by IJM Land.
The fair, which is open to the public from 10am to 10pm daily, is orga-nised by The Star in co-operation with Henry Butcher Penang.
Admission is free. For more enquiries, call 04-647 3388 ext 3357 (Shirmein) or ext 3418 (Bessie).

By The Star

Middle class homes

PETALING JAYA: Middle class Malaysians who are aspiring to buy a home will soon be able to do so once a new Government-led initiative to build apartments costing less than RM300,000 in major cities is launched this year, Housing and Local Government Minister Datuk Chor Chee Heung said.

The affordable housing scheme, which is an addition to the My First Home Scheme for units costing between RM100,000 and RM220,000, will see stratified units priced between RM220,000 and RM300,000 being built for those with a household income of less than RM6,000 a month and who do not yet own a house.
“The Government will do whatever it can to ensure the lower income group will have a house and the medium income group will have a chance to buy a property of their own,” he said in an interview with The Star.
Chor said the plan was for units to be between 850 sq ft and 1,000 sq ft and each apartment would have a minimum of three rooms.
The ceiling price of RM300,000 will be for units built in Kuala Lumpur, Penang and Johor Baru and the price will be lower in other parts of the country.

- By The Star

Upcoming Plaza / Malls in Penang Island

All Season Park (BELLEVIEW) - Farlim

Botanica CT Mall (MTT) - Balik Pulau

Elit Mall (SEAL) - Bayan Baru

Golden Triangle Mall (GIM) - Sungai Ara

Maritime Square (IJMLAND) - Jelutong Expressway

Paragon Mall (HUNZA) - Gurney

Penang Time Square phase2 (IVORY) - Georgetown

Setia Commercial Park - Sungai Ara

Southbay Plaza (MAH SING) - Batu Maung

Straits Quay (E&O) Tanjong Tokong

The light phase2 (IJMLAND) - Jelutong Expressway

The One (IDEAL) - Bayan Baru

Tourism Mall (IVORY) - Tanjung Tokong