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Taman Tanah Aman’s exciting new phase now open for registration

TTA_PenangPropertyTalk

Experience an exciting new phase of landed homes nestled among the serene hills of the mature, ultra-low-density neighbourhood of Taman Tanah Aman in Bukit Mertajam, Penang.

The upcoming phase offers a limited number of luxury landed homes providing a host of the finest home features and tailored to cater to the needs of modern homeowners.

Don’t miss this opportunity to be a part of the elite community at Taman Tanah Aman.

Strategically located within Bukit Mertajam 

Located within close proximity of both Bukit Mertajam and Bukit Tengah, the mature neighbourhood of Taman Tanah Aman is just a short distance from Icon City Bukit Mertajam. The neighbourhood boasts excellent accessibility via Jalan Bukit Tengah, North-South Expressway and Penang Bridge.

This prime location offers easy access to many urban conveniences, such as dining, shopping, education, and healthcare options. It is the perfect home for families of all ages.

The cosy atmosphere of the neighbourhood allows residents the flexibility to connect with the hustle and bustle of the city or enjoy the tranquillity amidst rolling hills.

Spacious Villa Homes

Whether you’re looking for ample space to raise a family or seeking a comfortable haven for retirement, the new phase homes promise to cater to diverse lifestyle needs.

These upscale homes feature a wide frontage starting from 28 feet, offering ample comfort for family members. Not just that, these homes are surrounded by landscaped walking paths providing the perfect space for a refreshing morning walk or evening stroll.

Luxurious Bungalow Living

Delight in the sweeping views of Bukit Mertajam below from your luxurious bungalows perched on the hills of Taman Tanah Aman, built to offer privacy and serene living.

Each bungalow boasts a spacious land area of up to 13,000 sq.ft., complete with your own private pool. Perfect for lush landscaping, outdoor activities, or hosting get-togethers with your loved ones.

Large, practical layouts offer plenty of flexibility for homeowners, ideal for multi-generational living with a large car porch that easily accommodates up to 6 cars. The combined living and dining area span an expansive 47 feet creating a grand, pillarless space that exudes elegance and sophistication. This residential enclave also features a clubhouse with various amenities like a swimming pool, tennis court, BBQ area and more for those who seek an opportunity to embrace their outdoorsy side.

Luxury Living like No Other

With a limited number of units available, don’t miss the opportunity to own a unit in Taman Tanah Aman, where comfort and convenience converge. The new phase of Taman Tanah Aman is now open for registration.

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.)

BNM maintains OPR at 3%, citing strong economic performance

Property News/ 5 September 2024 No comments

bnm

Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 3% following the latest Monetary Policy Committee (MPC) meeting. The decision reflects a positive outlook for both the global and Malaysian economies, with continued growth and moderating inflation.

Globally, economic expansion is supported by resilient labour markets, moderating inflation, and improved global trade. While challenges such as geopolitical tensions and volatile financial markets persist, global growth is expected to benefit from the recovery in electrical and electronics (E&E) and non-E&E sectors.

Malaysia’s economy grew by 5.1% in the first half of 2024, driven by strong domestic demand and increased exports. The country’s position in the semiconductor supply chain and robust non-E&E exports are expected to benefit from the global tech upcycle. Rising tourism, employment growth, and ongoing public and private investment projects are also contributing to the country’s economic resilience. However, downside risks include weaker-than-expected external demand and commodity production.

Inflation averaged 1.8% in the first half of the year, and both headline and core inflation are expected to remain within projected ranges, likely staying below 3%. Mitigation measures have contained the impact of price adjustments on diesel, while the inflation outlook depends on future domestic policies and global commodity prices.

The ringgit’s recent recovery is attributed to lower interest rate expectations in major economies and Malaysia’s strong economic performance. Looking ahead, BNM remains vigilant to domestic and global developments, ensuring its policies continue to support sustainable growth and price stability.

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SITE PROGRESS: D’ Starlingtton (Sep 2024)

Property News/ 5 September 2024 5 comments

d-starlingtton-site-progress-sep-2024-1

About D’ Starlingtton

A 29-storey condominium development by Wismas Dayamas Sdn. Bhd. (GSD Land) in Teluk Kumbar, covering 4.5 acres along Jalan Teluk Kumbar, about 2km from Penang International Airport. The project features 820 residential units with an 11-storey carpark, and rooftop facilities. Neighboring communities include Platinum III, D’zone Condominium, Saujana Heights, Emerald Residence, and Valencia Residence.

*Photo taken in Aug 2024

Find out more about D’ Starlingtton

Subscribe here for updates on this project and other property news

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Scott @ Logan

George Town/ 4 September 2024 No comments

Scott-Logan

Scott @ Logan, a commercial development by Advance Golden Properties Sdn. Bhd. in the heart of George Town. Situated on Jalan Logan, directly across the road from Logan Ville apartment, this location is less than 2km from KOMTAR and boasts numerous amenities that can be reached within a 5-minute drive.

This development will include the refurbishment of the existing 2-storey heritage building and the construction of a 36-storey serviced apartment with a total of 311 residential units. There will also be an automated car parking facility.

Project Name : Scott @ Logan
Location : George Town
Property Type : Serviced residence
Tenure : (to be confirmed)
Land Area: (to be confirmed)
Built-up Area: 338 sq.ft. – 902 sq.ft.
Total Units : 311
Indicative Price: (to be confirmed)
Developer : Advance Golden Properties Sdn. Bhd.

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
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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.

1926 Heritage Hotel Penang to reopen in 2026 after RM20 million facelift

Property News/ 3 September 2024 No comments /中文版

lease-agreement-1926-heritage-hotel

The historic 1926 Heritage Hotel Penang, located on Burma Road, is set to reopen in 2026, coinciding with its 100th anniversary. This reopening follows a significant RM20 million refurbishment project, initiated by Jetblue Sdn Bhd in collaboration with The Ascott Limited, and marks the revival of a key heritage landmark in Penang.

Jetblue Sdn Bhd recently signed a 15-year lease agreement with the Penang Development Corporation (PDC), the property owner, with an option for a 15-year extension. The Penang Chief Minister, Chow Kon Yeow, who is also the chairman of PDC, emphasized the importance of this project in enhancing Penang’s appeal as a premier tourism destination. Chow noted, “The original structure of the heritage building will be maintained, with only the interiors being upgraded and refurbished, while preserving the exterior’s heritage features.”

The hotel, which has been vacant since 2020, was originally built in 1926 as 24 linked houses in an Anglo-Malay architectural style. These houses once served as quarters for British immigration officers and local administrators. Over time, the property was converted into a hotel with 96 rooms. However, the upcoming renovation will see some smaller rooms combined, resulting in a total of 78 rooms upon reopening.

The refurbishment is set to breathe new life into the 100-year-old structure, maintaining its historical significance while introducing modern amenities. Jetblue Sdn Bhd has invested heavily in the project, with The Ascott Limited, a Singapore-based company, taking on the management of the hotel. The 1926 Heritage Hotel will become part of Ascott’s The Unlimited Collection brand, ensuring a blend of luxury and heritage.

PDC’s call for a request for proposal (RFP) attracted several applicants, with Jetblue being selected to spearhead this landmark project. The goal is to reopen the hotel in time for its centennial celebration in 2026, transforming it into an iconic symbol of Penang’s rich history and vibrant tourism sector.

This project not only preserves a key piece of Penang’s architectural heritage but also contributes to the state’s economic development by enhancing its tourism offerings. With nearly seven million tourist arrivals in 2023, the 1926 Heritage Hotel Penang is poised to further boost the state’s economy and become a source of pride for Penang and its people.