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Groundbreaking for Taman Nara project in Alma

Property News/ 12 October 2023 No comments

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About Taman Nara by Jayamas Property Group

Jayamas Property Group broke ground on Taman Nara in Alma on Tuesday. The development is located next to Taman Sejahtera, about 5 minutes walk to SMK Taman Sejahtera. It is only a mere minutes drive from abundant of amenities, such as AEON Mall, Tesco Hypermarket, banks, schools, just a name a few. It encompasses a diverse range of properties, including landed terraces, semi-detached houses, and bungalows.

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PTT Synergy acquires development land in Penang for RM70.56mil

Property News/ 11 October 2023 No comments

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PTT Synergy Group Bhd has entered into a sale and purchase agreement (SPA) to acquire two parcels of freehold development land for RM70.56 million via indirect wholly owned subsidiary Projek Tetap Teguh Sdn Bhd (Projek TT) today.

In a filing with Bursa Malaysia, the group said the 7.28 hectares (18 acres) are located in Seberang Perai Selatan, Penang.

The company said the proposed acquisition is expected to strengthen the group’s involvement within the industrial development segment and is “a valuable addition” to the group’s landbank.

“The group is currently focused on industrial development as its key synergistic pillar and core competence” with a “built-to-suit and warehousing solution” to cater exclusively to its customers’ needs, the filing said.

The group has also proposed to undertake a private placement of up to 36 million new shares, representing approximately 20 per cent of total shares issued at a price to be determined later.

As at Sept 18, 2023, being the latest practicable date prior to this announcement, its issued share capital is RM173.21 million, comprising 180.08 million shares. It does not have any treasury shares.

Source: Bernama

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UPCOMING: Nibong Tebal / SYK Resort & Development Sdn. Bhd.

Nibong Tebal/ 10 October 2023 No comments

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Yet another proposed mixed development located in Nibong Tebal, near the state border of Penang and Perak. Undertaken by SYK Resort @ Development Sdn. Bhd, the development is situated between Taman Tempua and Taman Golden Jade along Jalan Permatang Tok Mahat. It’s approximately 500 meters from the state border.

Comprising a blend of residential and commercial components, it includes 21 units of 2-storey shop offices, 64 units of 2-storey semi-detached houses, and 2 units of 2-storey bungalows. Additionally, a community hall is planned to serve the residents of the area.

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

Project Name: (to be confirmed)
Location: Nibong Tebal
Property Type: Mixed development
Built-up Size: (to be confirmed)
Total Unit: 21 (shop office), 64 (semi-detached), 2 (bungalow)
Indicative Price: (to be confirmed)
Developer: SYK Resort @ Development Sdn. Bhd.

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

Ascott introduces first ‘crest collection’ hotel in Penang

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The George Penang by The Crest Collection in George Town has elevated the state’s tourism sector since its establishment, Chief Minister Chow Kon Yeow said.

Chow attributed the success to the dedicated team of The Ascott Limited, which managed the hotel.

“My heartfelt congratulations to all who contributed to this achievement, particularly Venice Property chairman Alan Khor.

“It’s your commitment that has given rise to an establishment that mirrors not only the spirit of George Town but also enhances the state’s tourism outlook.

“To the Ascott Limited, a global leader in premium services residences, I commend your visionary curation of The Crest Collection, and I am elated that The George Penang has earned its rightful place.

“Your dedication to hospitality and the preservation of heritage is commendable,” he said in his speech during the official launching of The George Penang yesterday.

Chow noted that The George Penang has a place in his heart as he was the state executive councillor when the idea of the hotel was being mooted.

He said Penang has also come a long way in the past few decades, transforming from a traditional seaport economy to being known as the ‘Silicon Valley of the East.’

Chow also pointed out Penang is internationally recognised as one of the foremost cultural heritage tourism destinations in the world.

During the event, those present were also treated to a sumptuous luncheon.

Ascott International Malaysia Country general manager Mondi Mecja expressed his hope that the hotel would continue to have a positive impact on the state’s tourism.

Among those present were state Tourism and Creative Economy Committee chairman Wong Hon Wai, Khor, and Ascott International Malaysia general manager Shafar Jamaludin.

Source: Buletin Mutiara

SITE PROGRESS: Vivo Executive Apartment (Oct 2023)

Property News/ 7 October 2023 No comments

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About Vivo Executive Apartment

A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support the modern lifestyle of young working adults.

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