Penang Property Focus (Part 1): Harbour Place and Taman Sri Bayan
This series of postings is to highlight the special Penang Property Focus pull-out that appeared in the Northern Edition (I’m not to sure if the the other regions published this pullout) highlighting the current new launches of properties in Penang. There will be about 8 articles in total, and following it will be another series on Perak.
As usual, the 28-page pulled out was filled with highlights of real estate schemes in Penang, plus advertisements on newly launched projects. In this posting, we will list down all the articles mentioned in the pullout, and also provide the details of the advertised new launches for those who did not have the opportunity to read it.
Only the highlights of the projects are listed here, any further details should be obtained from the developer, the contact numbers are given in the write-ups.
FEATURED ARTICLES
Park View & Sea View Tower, Harbour Place
The Park View tower is ready for buyers to move in since Oct 2005. The second phase, called Sea View, was launched in Dec 2005, with 2 blocks of 19 and 23 storey towers with resort-like facilities.
Located near Butterworth Outer Ring Road (BORR). Show Gallery available at site.
| Location | Butterworth, Penang |
| Developer | PJD Eastern Land Sdn. Bhd. (Subsidiary of PJ Development Holdings Bhd.) |
| Description | Residential apartments on freehold land |
| Price | starting from RM120,5000 |
| Unit size | 1650sq.ft. to 3500sq.ft. |
| No of units | 354 |
| Contact | 604-332 1188 |
| Website | http://www.pjdprop.com.my/harbour/pv_projectBrief.asp |
Desa Bayan Apartments, Taman Sri Bayan
This is part of a mixed development consisting of 26 shoplots, Desa Bayan medium cost apartments, Pusat Bayan low-cost flats, Taman Bayan semi-Ds and bungalows.
Located between Jalan Dato Ismail Hashim and Jalan Tun Awang in Sungai Ara, this project on freehold land is very near the international airport and Free Industrial Zone. The appeal to the young working crowd is there, and is near Bayan Baru.
The 4th block of Desa Bayan apartments, Block A, is now open for booking and is available for occupancy at the end of the year (altogether there are 5 blocks). For the other phases, the response has been very good. In the pipeline is Sri Bayan, 448 units of luxury condominiums.
| Location | Sungai Ara, Penang |
| Developer | Sri Merbah Harta Sdn. Bhd. |
| Description | Mixed development. Currently, mid-cost apartments available for booking. Freehold land |
| Price | enquire with Developer |
| Unit size | 700+ sq.ft. (block A) |
| Contact | 604 - 644 6500 |
Next: Penang Property Focus Part 2: Putra Marine Resort Homes, the CEO SOHO…
hi, i’m searching ur blog & found nothing about “Berjaya Central Park”. i’m interested in one of the units & just wanna check the pros & cons of this project. any ideas ? someone pls advice !!!
Comment by yeo — February 13, 2006 @ 10:02 pm
Pls help me to compare between “Berjaya Central Park” & “Fairlane Residences”. I’m more interested in Freehold properties & it’s more on investing/renting. Can anyone advice !!! thanks. Is there anymore similar/better properties then the 2 mention above?
Comment by yeo — February 13, 2006 @ 10:54 pm
yeo,
we have not done a review of berjaya central park. but we have a review of fairlane residences. Properties like the ones you mentioned are very subjective, depending on personal tastes - what actually are you looking for? stay/rental/investment? do you look for location or price or convenience?
Comment by Administrator — February 14, 2006 @ 10:45 am
Hi, i’m more into investment & rental (studio size apartment). points to consider are.
1. Freehold
2. RM$300k~500k
3. near shopping & food
4. easy access location
5. min renovations need to be done
both of them looks good & suit the above points. which one will have higher rental return in future ?
Comment by yeo — February 14, 2006 @ 11:42 am
yeo,
ok, from your list, i think the two projects are suitable. but personally (and personally only,
) i would choose berjaya over lowyat…
what about capsquare?
Comment by Administrator — February 14, 2006 @ 11:46 am
ok, i got ur point.
is there any other similar projects that suit my points ?
how about “Marc Service Residence” ?
is it good to invest property in KL currently ?
cos there are so many projects going around & better design & location project keep coming up. it’s like a kid chossing a candy…to wait for a better one or to grab one now.
i also fear for the returns the developer promised, cos so many projects = so many apartments = little chance to be rented out
Comment by yeo — February 14, 2006 @ 12:10 pm
marc was launched very much earlier than the rest, the choice units have been taken, in fact i don’t think there are many left. for sure with 20 or more condos in the 3km radius, there will be an oversupply of luxury condos. so resale value will be lower, and rental return will be also be lower…
personally i feel anytime is as good a time to invest in kl. the longer you wait, more new projects will come up, it never ends… unless the economic slows.
Comment by Administrator — February 14, 2006 @ 2:53 pm
ok. i have e-mailed Marc & they replied that there are units left. so now is between “Marc” or “Berjaya” ???
actually it’s my first time to invest in property so quiet worried about it. i’m also interested in
1. Bangsar area
2. Mont’Kiara area
Any good project around Bangsar that fits my requirements ?
Mont’ kiara is good but it’s better with 2~3 bedroom apartment for family cos of the international school there (out of buget).
Comment by yeo — February 14, 2006 @ 3:18 pm
yeo,
wah, kl central, and mon’tkiara AND Bangsar?? that’s a wide area, and about a hundred projects to look at
. Bangsar doesn’t have many new launches, since the remainder of the land is too hilly, whereas mont’kiara, there are many availablr like kiaraville and sunrise projects, just take a drive there and you can see all the competing projects… and you can also see the traffic problems. but at least in montkiara RM300-400psf is possible.
Comment by Administrator — February 14, 2006 @ 3:49 pm
ok. i think i better stick to KL central area to aviod more confusion.
btw, i lived in SG & haven’t seen any of the projects yet…just getting infos from webs & emails but there is a “Berjaya” office in SG.
now i have finally scaled down to “Berjaya” or “Marc”.
May i ask from your point of view, which project will have better return in future ?
Comment by yeo — February 14, 2006 @ 7:30 pm
ok, if between the two, i’d say berjaya appeals more to me, but i have yet to see their pricing structure. they have ERL, shopping centre, office blocks, where as marc is predominantly serviced apartments. maybe you should check with them which of the units are available.
Comment by Administrator — February 14, 2006 @ 8:26 pm
ok. actually i’m checking with both Marc & BCP currently. thanks for ur help. hope i will own one of the BCP units soon.
Comment by yeo — February 14, 2006 @ 8:40 pm
hi, i’m so sorry but i found another project “Lot 163 Suites”. now i have to consider again.
May i ask from your point of view, which project will have better return in future “Berjaya” or “Lot 163″ ?
so sorry
Comment by yeo — February 14, 2006 @ 9:52 pm
Don’t buy any house from PJ Development Sdn. Bhd. The house is overprice and the developer is bad. Especially for Harbour Place in Butterworth Penang, The developer use verious strategies to cheat buyer. Ended up buyer have to pay medium cost condominium price with appartment quality of house. The condo cost relatively higher price then any other available in butterworth!
Comment by park view — March 18, 2006 @ 8:54 am