fbpx

PDCP to launch ‘New Talent Housing’ in 2025

Property News/ 31 August 2024 No comments

suria-1

A new affordable housing scheme called ‘New Talent Housing’ (Rumah Bakat Baru) is scheduled to be launched next year (2025) by PDC Properties Sdn Bhd (PDCP), a subsidiary of Penang Development Corporation (PDC).

PDC chief executive officer Datuk Aziz Bakar said the housing scheme is aimed at addressing the growing demand from young workers and first-home buyers.

“This scheme will incorporate the latest Industrialised Building System (IBS) to build high-quality residences across Bandar Cassia, Batu Kawan, and Seberang Jaya.

“PDCP focuses on building quality, high-end projects at affordable prices through innovation, convenience, and sustainability. Over the years, it has developed a wide range of projects in Penang, including residential, commercial, and mixed developments.

“A key factor behind the evolution and growth of PDCP’s portfolio is its focus on understanding and anticipating demographic and market demands.

“Through market research and analysis, PDCP identifies emerging trends and opportunities, allowing it to stay ahead and deliver projects that resonate with contemporary lifestyles.

“In line with global changes in housing demands and lifestyles, PDCP has developed more high-rise properties with the latest construction technologies,” Aziz told Buletin Mutiara recently.

He added that PDCP’s commitment to promoting inclusivity and diversity has led to the integration of affordable housing within vibrant townships, offering various amenities.

“Recently, PDCP has reoriented its focus towards making Penang a more liveable and dynamic state by shifting towards innovative and sustainable housing solutions.

“This includes high-impact housing projects, or SMART homes, with smart technologies at affordable prices, catering to Penangites from all walks of life and bridging the gap between affordable and luxury homes.

“By maintaining a check-and-balance on Penang’s property prices, PDCP continues to safeguard the affordability of homes for every Penangite, making Penang the ultimate destination for urban living, talent migration, and investment opportunities,” he said.

Aziz also highlighted PDC’s pivotal role in leading and shaping the state’s property landscape.

“PDC has continually provided various housing schemes for different income groups, ensuring a home for every Penangite.

“PDC’s role as the state’s main property developer began with its early initiatives in creating new townships for the booming industrial areas of Bayan Lepas and Seberang Jaya.

“Its aim to urbanise these once rural areas grew in tandem with housing provision, not only for industrial workers but for Penangites in general, encouraging population migration to the newly formed townships.

“From low to medium-cost flats and landed housing options across the new townships of Bayan Baru and Seberang Jaya, to developments like Macallum Street Ghaut and Kedah Road as part of George Town’s urban renewal scheme, PDC’s housing projects have not only enhanced the quality of life for Penangites but also broadened the state’s economic base by building a formidable construction sector,” he emphasised.

Source: Buletin Mutiara

Serene Villas @ Sunway Wellesley

Bukit Mertajam/ 30 August 2024 No comments

serene-villas-sunway-wellesley

Sunway Wellesley Serene Villas offers an unparalleled residential experience in Bukit Mertajam, with a gated and guarded community that redefines modern contemporary living. Nestled within a vibrant neighbourhood, residents are a stone throwaway from shopping centres and healthcare facilities to top educational institutions, sports complexes, and recreational venues. Every aspect of daily life is catered to with convenience and style.

sunway-wellesley-serene-villas-location-map

Strategically positioned near an ETS station and a proposed LRT station, Sunway Wellesley ensures effortless connectivity to key transportation hubs, enhancing the ease of commuting and traveling. This prime location makes it an ideal choice for those seeking both convenience and luxury.

The latest phase at Sunway Wellesley comprises 210 units of meticulously designed townhomes, where modern architecture meets comfort. Each residence is thoughtfully crafted to provide an elegant and functional living space that aligns with contemporary lifestyles.

A vibrant and fun-filled space for endless play and adventure

Residents of Sunway Wellesley will enjoy exclusive access to a private clubhouse, complete with top-tier amenities, including a swimming pool and a fully equipped gymnasium. The community is further enhanced by a tree-lined jogging trail, an outdoor fitness area, and a half basketball court, encouraging an active and healthy lifestyle.

Security is paramount at Sunway Wellesley, with a 7ft high perimeter fencing and CCTV surveillance system ensuring peace of mind for all residents. Whether you’re unwinding in the comfort of your home or enjoying the wide range of facilities within the community, you can feel secure in your surroundings.

Sunway Wellesley Serene Villas is now OPEN FOR PRIORITY REGISTRATION! Don’t miss the opportunity to secure your place in this premier residential enclave.

Li Siah: https://bit.ly/LiSiah01151573139
Jacky: https://bit.ly/Jacky0125522978

Project Name : Serene Villas @ Sunway Wellesley
Location : Bukit Mertajam
Property Type : Residential development
Total Units: 210 (townhomes)
Land Tenure: Freehold
Indicative Price:
(to be confirmed)
Developer: Sunway Bintang Sdn. Bhd. (a subsidiary of Sunway Berhad)

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)
LOCATION MAP

Ferringhi Residence 2 – Buy an urban resort condo and win a Tesla

Fr2c PPT FB Ads-01

Experience resort-style living with Ferringhi Residence 2, offering full amenities and monthly payments starting from just RM3000! Enjoy the best of both worlds with BCA Green Building Certification and 4 acres of luxurious facilities, including an automated waste collection system.

Featuring:

  • Spacious built-up: ±1500 sq ft
  • 3 bedrooms + 3 bathrooms
  • Up to 3 parking spaces
  • High ceilings
  • Stunning sea/mountain views

Special Offer: Purchase any Mah Sing property from now until December 31st and stand a chance to win cash prizes and a Tesla Model 3!

Book your visit to the show unit today—limited units available, so act fast!

☎️ 04-291 3109
📲 WhatsApp: https://bit.ly/3DFbYK7

Developer unit available. Register your interest now to receive a call back!

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

*T&C apply.

E&O targets RM1 billion in property sales for FY2025

Property News/ 29 August 2024 No comments
the-lume-andaman

The Lume @ Andaman Island, Penang by E&O

Eastern & Oriental Bhd is bullish on the Penang market, where it is based, and anticipates better property sales in its current financial year ending March 31, 2025 (FY2025).

The group is targeting around RM1 billion sales in FY2025, on the back of new launches worth about RM1.3 billion in gross development value and existing property projects, according to managing director Kok Tuck Cheong. (pictured)

The group achieved RM870.6 million property sales in FY2024, up 28.5% from RM677.3 million in FY2023. So far, it has secured RM162.5 million property sales in the first quarter ended March 31, 2025 (1QFY2025).

Unbilled sales came in at RM1.35 billion — its highest on record — which the group will progressively recognise over FY2025 and FY2026.

“Property sector in Penang is going to enjoy phenomenal growth arising from the FDIs [foreign direct investment] that are being invested in the semiconductor, new offerings and projects, coupled with a strong improvement in tourism,” Kok said during the company’s quarterly result briefing here.

“These bode very well for wealth creation and combined with the fact that there will be population growth and urban migration, there will be a lot more what I call ‘spending power’ to invest in residential dwellings,” he added.

E&O’s quarterly revenue soared 93.9% to RM165.65 million in the first quarter ended June 30, 2024 (1QFY2025) from RM85.41 million in 1QFY2024, mainly due to recognition of sales from its projects located in the Andaman Island Phase 1, which comprises Senna, Fera, Arica and The Meg.

This led to a 13.86% increase in its 1QFY2025 net profit to RM37.52 million, from RM32.95 million in 1QFY2024. The property segment contributed 85% of its total revenue in 1QFY2025, with the remaining from its hospitality and investment, and other segments.

E&O senior general manager in the corporate investment and planning division Yeow Yeonzon said group earnings growth is actually stronger as 1QFY2024 recorded an unrealised foreign exchange gain of RM27.5 million.

Source: EdgeProp.my

Tags: ,

Mooncake Festival Celebration with Paramount Property

PP_SAVANA & SENSASI_Mid Autumn_ENG Post_240822

This Mid-Autumn, let’s have a fun day out with your loved ones at Paramount Property Gallery!

Drop by and enjoy light refreshments, exciting activities and bring home sweet memories this 8 September – all while learning more about this project that might be the perfect home for you and your loved ones.

Mark your calendar!

Date: 8 Sept 2024 (Sunday)
Time: 10am – 5pm
Venue: Paramount Property Gallery @ Utropolis Batu Kawan

RSVP now via the link below:
https://forms.gle/fJ66PEwJaQotVsut9

Register your interest now to find out more

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)