Alila2

Persiaran Lembah Permai, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
Hunza Properties Group
From HK$4,148,000
5.452859
100.292590
17
Alila2
1

At Jade Land, we source and handpick high potential overseas properties from around the world. Emerging economies have shown an increasing potential for savvy investors in the pursuit of developing a global real estate investment portfolio. We are now seeing a lot of potential in emerging economies and a pivot towards these South-East Asian countries particularly in Penang, Malaysia.

 

 

Why Penang?

Exciting new infrastructure developments

In 2015, the Malaysian government confirmed the Penang Transport Master Plan in which RM$27billion will be invested into upgrading the city’s public transport networks. The plan involves incorporating 4 LRT and monorail lines, a tram network, 3 highways & roads, and 1 undersea tunnel complementing the existing public buses and expansive highway networks. The estimated date of completion is 2025 (See Source 1).

Solid economy with established industries

Penang has successfully transitioned from an agriculture and primary commodities economy to an export-driven economy. The city has positioned itself to become a hub of high-tech manufacturing and tourism within this region. In fact, over 300 multinational companies are currently operating in Penang, including Intel, Dell, Sony, and AMD (See Source 2). The conferment of the UNESCO World Heritage status to George Town, the old city centre, in 2008 has put Penang onto the international spotlight. Each year, the Penang International Airport (PIA) can handle up to 6.5 million passengers. In fact, the airport is set to expand its capacity by more than 100% to 12 million (See Source 3). PIA is the 2nd busiest airport handling international passengers after Kuala Lumpur International Airport (See Source 4). Cathay Dragon offers direct flights from Hong Kong to Penang on a daily basis.

Limited land supply

The landscape of Penang Island is similar to that of Hong Kong Island as both are mountainous with relatively less developable land making for resilient property prices. On Penang Island, only 54% of land is suitable and approved for building, while 46% is mountainous land (See Source 5).

Foreign direct investment encouraged

Penang is one of Malaysia’s most successful investment hubs. It attracts significant foreign investment given its strong business ecosystem including a highly-skilled labour force, stringent intellectual property protection laws, and a robust manufacturing supply chain supported by more than 300 multinational corporates. Net Foreign Direct Investment (FDI) flow into Penang has been rising from RM23.9 billion (in 2008) to RM47.2 billion (2016) (See Source 6). In addition, the MM2H (Malaysia My Second Home) program that offers a 10 year renewable social visit visa to non-Malaysians has drawn worldwide attention.

Source 1: Malay Mail Online http://www.themalaymailonline.com/malaysia/article/penang-embarks-on-rm27b-transport-masterplan-with-mrt-trams-water-cabs
Source 2: UOB News Releasehttp://www.uobgroup.com/assets/pdfs/new-release/NR_malaysia_penang_expand_sea.pdf
Source 3: The Star https://www.thestar.com.my/metro/metro-news/2017/12/01/airport-expansion-to-provide-for-12mil-passengers/
Source 4: Free Malaysia Today http://www.freemalaysiatoday.com/category/nation/2017/09/26/guan-eng-pushes-for-urgent-expansion-of-penang-airport/
Source 5: Henry Butcher Malaysia https://www.nst.com.my/property/2018/01/323969/penang-property-prices-affected-signature-dishes
Source 6: Free Malaysia Today http://www.freemalaysiatoday.com/category/nation/2017/10/24/rahman-penang-topping-investments-shows-govt-is-fair/

Whilst every care has been taken in preparation of these materials, Jade Land Properties (HK) Limited and the respective landlords/vendors give no warranty, expressed or implied, as to the completeness or accuracy of the information contained herein. The information contained herein does not form part of an offer or contract. Prices and details are correct at the time of publishing. Readers are advised to make their own enquiries to verify such information.

Property Details:

– Freehold land

– 270 low-density residential units

– Located in the prestigious Tanjung Bungah neighbourhood.

– 10-minute approximate shuttle bus ride to Gurney Paragon Mall by Hunza Properties Group (city centre).

– 10-minute approximate drive to the beach resort area of Batu Ferringhi where the Shangri-la Rasa Sayang and Hard Rock Hotel are located.

– Sizes ranging from 1,905 (3 bedrooms) to 3,235 sq. ft. (4 bedrooms)

– 5-star facilities, including an infinity pool and more.

– 9.8 acres, 47% dedicated to green space

– Green Building Index (GBI) Gold Certification

– Panoramic lush green mountain and sea views

– 4% predicted rental yield

– Up to 70% mortgage loan available

– From HK$4,148,000 including parking spaces & storage lockers (MYR:HKD = 1:2)

Immediate occupancy – fully furnished apartments with appliances! Complimentary property 3 Day 2 Night viewing trips can be arranged (terms & conditions apply)

 

Whilst every care has been taken in preparation of these materials, Jade Land Properties (HK) Limited and the respective landlords/vendors give no warranty, expressed or implied, as to the completeness or accuracy of the information contained herein. The information contained herein does not form part of an offer or contract. Prices and details are correct at the time of publishing. Readers are advised to make their own enquiries to verify such information.