20 Most Active Projects in Penang (Q1 2016)
2016 looks to be another happening year for property industry in Penang. While many industry experts predicted the property market to remain slow, our website traffic has hit an all-time high with nearly 1 million pageviews and over 180k unique visitors in Q1.
With that in mind, let’s take a look at the 20 most active projects in Q1 2016. The Tamarind by E&O continues to hog the limelight being the most popular project in Penang, followed by the affordable One Foresta and i-Santorini by Ideal Property Group.
Vertu Resort, ranked fourth in the list, is the very first high-rise development by Aspen Group at Batu Kawan. It is expected to continue gaining traction as the show gallery is slated to open by end of this month.
On the affordable segment, it’s worth mentioning that the newly announced affordable units at QuayWest Residence only starts from RM200,000, with unit size ranging from 728 sq.ft. onward.
* Projects are ranked based on the pageviews recorded in Google Analytic web traffic report for PenangPropertyTalk.com.
– Ken Lim
(Founder and Principal Reviewer, PenangPropertyTalk.com)
Wah! I have been following this development and all I can say is that, this is the best development in Penang.
2015 when people says that economy and our currency was bad, The Tamarind was the most popular and most salable project in Penang. This proves that location and developer plays the most important criteria when people are purchasing a home besides pricing.
2016 especially the first quarter was interesting with some new launches. However, The Tamarind is still the most popular project in Penang.
With Gurney Wharf coming up by E&O and 2 more MRT stations which will be located near Island Plaza and especially Tesco. It actually brings up the value of this development.
Thumbs up!
It’s important to note that this ranking is based on pageviews from Google Analytics, which is not really a good indicator of how salable is the project. You can generate high pageviews by creating a lot of Hu-Ha surrounding a project, but how many people actually bought a unit, you’ll need the actual sales number from developer for better measurement
Very true, page views is an indication of interest from potential buyers. Also not many developers are able to sell more than 50% of their development after 1-2 years from their actual launching date.
However, based on news reports, I think this is the most salable project in Penang right now with more than 80% of its units reported sold.
Correct me if I am wrong.
In fact, the Tamarind for block A is 95% sold and block B is 85% sold.
If it is most page view by google, chances are it is better than the rest with less page view.
Definitely,for year 2015 the best project is Tamarind developed by E&O.Sales are so strong despite property downturn.
Great project.
The best so far ..
The best ? It’s the worst !!!!!!!!!!