A newly proposed serviced residence development by Zenith Urban Development Sdn. Bhd. within the established township of Tanjung Pinang. Located adjacent to Marinox Sky Villas and The Tamarind Executive Apartments, overlooking the STP2 man-made island. Is only a mere minutes drive from Gurney Drive, less than 10km to the tourist ...
Seri Tanjung Pinang (STP) encompasses two phases and is located at the northeast coast of Tanjung Tokong, Penang, Malaysia. The first phase (STP1) of the reclamation comprising 240 acres was completed in 2006. Reclamation of the 760-acre second phase (STP2) which commenced in 2016, is underway. As a matter of ...
Straits Residences, a serviced residence development by Kerjaya Prospek Property Sdn. Bhd. at Tanjung Pinang, Penang. It is strategically located along Jalan Seri Tanjung Pinang, next to Straits Quay Marina Mall. The development comprises a 28-storey tower on a one-acre site, offering 246 units of serviced suites. The built-up size ...
Plans for new Gurney Wharf public space unveiled Penangites were today given a preview of the new seafront public park planned for the Gurney Drive foreshore. Spanning close to 60 acres, this water-fronting public recreation area called Gurney Wharf is a Penang State Government initiative. Gurney Wharf will be created ...
A commercial development proposed by Regalia Pioneer Sdn. Bhd. at Jalan Tanjung Tokong in Penang. It is strategically located next to the intersection of Jalan Batu Bukit and Jalan Tanjung Tokong. The land is now being cleared for the construction of a 22-storey serviced suites. The new building is only 5 minutes walk to Island ...
18 East at Andaman, the final tower of the Andaman series condominium at Seri Tanjung Pinang, Penang.The only condominium project in Malaysia with an expansive 4.5-acre private waterpark. Surrounded by a further 6.9 acres of lush green recreational space with world-class facilities, a clubhouse and a stunning view of the ...
The Tamarind, a freehold executive apartments by E&O Property at Seri Tanjung Pinang, Penang. Located along Jalan Seri Tanjung Pinang 1, within walking distance to Straits Quay and Tesco. It is also well connected by strategic access roads to many amenities including schools, medical centres and shopping malls. This development ...
City of Dreams, a freehold luxury lifestyle development at Seri Tanjung Pinang. The residential units come with size ranging from 1,000 sq.ft. onwards, with a well equipped kitchen accessories. Resident can also enjoy a wide range of luxury facilities such as private lift, private lobby, yacht services, Rolls Royce limousine, private bowling ...
i-Santorini, an affordable housing development by Ideal Property Group in Tanjung Tokong, Penang. The piece of land which was previously planned for a 988-units condominium project is now being re-purposed for affordable housing. The new development plan comprises two parcels: Parcel 1: 2 blocks of 48-storey residential towers (1,320 units) ...
Marinox Sky Villas, strategically located within Seri Tanjung Pinang, opposite of The Brezza, mere minutes drive to Straits Quay and Tesco hypermarket. It comprises 301 unit of Sky Villas with size ranging from 1,250 sq.ft. onwards. Property Project : Marinox Sky Villas Location : Tanjung Tokong, Penang Property Type : Condominium Tenure : Leasehold ...
Excellent location but, wrong timing.
Do you guys think it is safe to buy property from Zenith since we know that they are linked with corruption case involving the previous Finance Minister/Chief Minister? I afraid the company can go bust if implicated.
Please share your thoughts.
@Gabriel
That is possible. Anyway, if you are buying any property for investment, I think it’s bad idea anyway, whether the developer is E&O, or IJM or any developer, as rental return is very very bad due to serious oversupply. Example, based on current rental rates, ALL landlords at the recently completed The Tamarind at STP are loosing money by the day renting their units out. The rental is not even enough to cover the interest portion of their mortgage. The situation is very very bad.