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Foreshore Apartment

George Town/ 30 December 2023 No comments

Foreshore Apartment, a low medium cost housing development by Tanjung Villa Capital Sdn. Bhd. (a subsidiary of Tah Wah Group) in the heart of George Town. Strategically located along Tun Dr. Lim Chong Eu Expressway, next to Foreshore Residence. It’s just a short 5-minute drive to Penang Bridge, and a wealth of essential amenities are conveniently within reach, all within walking distance.

This development features a 38-storey building, housing a total of 321 units, each with a standard built-up size of 700 sq.ft. Every unit is equipped with 3 bedrooms and 2 bathrooms.

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Property Project : Foreshore Aparment
Location : George Town
Property Type : LMC apartment
Tenure: Leasehold
Built-up Size: 700sq.ft.
Total Units: 321
Indicative Price : RM72,500 – RM100,000
Developer : Tanjung Villa Capital Sdn. Bhd. (Tah Wah Group)

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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.

 

SITE PROGRESS: Goodwood Residence (Dec 2023)

Property News/ 28 December 2023 No comments

goodwood-residence-site-progress-dec-2023

About Goodwood Residence

A mixed development by Definite Harmony Development Sdn. Bhd. (a subsidiary of WHH Land) at Bayan Lepas, Penang. Strategically located along Jalan Tun Dr. Awang, next to The Clovers condominium by Asia Green Group. It is less than 2km away from Penang International Airport, about 15 minutes’ drive to Second Penang Bridge. It comprises a 35-storey condominium with 8 units of shop lots located at the ground floor.

Find out more about Goodwood Residence

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KPKT now known as Ministry of Housing and Local Government

Property News/ 27 December 2023 No comments

kpkt

The Ministry of Local Government Development is now known as the Ministry of Housing and Local Government (KPKT).

KPKT, in a statement today, said the name was amended based on the decision made during the Cabinet meeting on Dec 13, and it will be officially gazetted under the Ministerial Functions Act 1969.

It said that providing affordable housing remains the ministry’s main thrust, with a target of constructing 500,000 housing units nationwide, especially for the B40 and M40 groups through the 12th Malaysia Plan.

It added that the strategic direction through the implementation of KPKT’s vision and mission will continue to be strengthened through eight main functions, namely Affordable Housing, Urban Planning, Landscape Development, Local Government Empowerment, Firefighting and Rescue, Solid Waste Management, Community Empowerment as well as Community Credit and Pawnbroker Companies.

“KPKT, in collaboration with the Madani Government, is committed to achieving the main agenda of advancing the well-being of urban communities and fostering sustainable environments.

“The improvement of people’s living conditions will always be prioritised to enhance the well-being and quality of life, serving as a catalyst for the nation’s progress.” the statement read.

Source: Bernama

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SITE PROGRESS: Havana Beach Residences (Dec 2023)

Property News/ 26 December 2023 No comments

havana-beach-residences-site-progress-dec-2023-1

About Havana Beach Residences

Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to  SMJK Heng Ee (Bayan Baru branch).

Find out more about Havana Beach Residences

Register your interest here and we will keep you updated.

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*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Water tariff hike for Penang households

Property News/ 25 December 2023 No comments

water-tarriff-adjustment

The state government is planning to impose a new water tariff for households in the state.

Chief Minister Chow Kon Yeow said the state administration would submit an application to the Federal Government to increase the water tariff for households.

“The state needs to impose a new water tariff as other states have begun to do it,” he said after launching the state’s Affordable Housing and Real Estate Expo 2023 at Butterworth Arena, here on Saturday (Dec 23).

Chow said Penang currently imposed the same tariff rate since 2015 and introduced a new tariff for non-domestic, or commercial, users last year.

He said a business plan needs to be submitted to the federal authorities every three years on the estimated tariff rate that would be implemented.

He said the water supplied in the state currently was heavily subsidised.

“The Penang Water Supply Corporation (PBAPP) has spent more than RM1 to treat every 1,000 litres of water but only sells them at around RM0.30” he said.

He said the state government has spent more than RM100mil per year despite not having increased the (water) tariff.

He said the matter (to increase the new water tariff) will be announced to the public soon.

Source: TheStar.com.my

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