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

 

Exhibition Details

Date: Saturday, April 13th 

Time: 10am to 7pm

Venue: Mandarin Oriental Hotel - 23/Floor, East Room (Central)

 

Inquiries: +852 2869-6683 or [email protected]

 

To register your attendance, please click here: 

https://forms.gle/QYsMuWNEiWiHMvQj9

 

Penang in a nutshell:

Penang is a globally renowned holiday destination famed for its soft sandy beaches and mouthwatering street food yet with the modern convenience of being a cosmopolitan city. It is a tropical island state comprising of Penang Island and the mainland situated on the northwestern part of Malaysia. Only a 3.5 hour direct flight to Penang International Airport via Cathay Dragon from Hong Kong.

Once a british colony, Georgetown - the capital of Penang - was conferred the status of being a UNESCO World Heritage site in 2018 where perfectly preserved colonial buildings can be found adjacent to Chinese shop lots. Cultural sights are in abundance!

Known as the "Food Capital of Malaysia" - for all you foodies out there, prepare to indulge in flavoursome assam laksa, char kway teow and durian of course!   

Seafront shopping malls are found along the new city centre, Gurney Drive. Be sure to visit the contemporary Gurney Paragon Mall by Hunza Properties Group there!

Penang has an established economy split between tourism (49.2%) and the manufacturing sector (44.6%). 300 multinationals have existing manufacturing facilities in operation there with the majority focusing on the creation & packaging of high-tech products. Each year, Penang receives 7.8 million tourists looking to explore and the city or notably to complete medical check-ups at the city's world-class hospitals.

Reminiscent to Old Hong Kong in the 60s in terms of its geographic landscape, colonial history and East Meets West architecture, Penang is a delight to the people of Hong Kong!

With its limited developable land, stable economy and young population, it is not a surprise that Penang was ranked no.1 in Malaysia as the most attractive place for investment by Knight Frank Malaysia!

More Details:

Relatively High GDP Growth

Malaysia has a relatively higher GDP growth of 4.9% compared to mature economies

alila2-penang-malaysia-hunza-gdp-growth-comparison-emerging-mature-economies-chart

Relatively Low Price Per Sq.Ft.

alila2-penang-malaysia-hunza-property-price-per-sq-ft-comparison-emerging-mature-economies-chart

Exciting New Infrastructure Developments - Penang Transportation Master Plan

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).

alila2-penang-property-real-estate-transportation-master-plan-economy-jade-land-buy-luxury-holiday-home-industry-overseas-properties

Solid economy with established industries

Penang has successfully transitioned from an agriculture and primary commodities economy to an export-driven economy.

alila2-penang-property-real-estate-economy-jade-land-buy-luxury-holiday-home

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).

alila2-penang-property-real-estate-economy-jade-land-buy-luxury-holiday-home-industry-overseas-properties

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.

Penang is a medical tourism hot spot heralded as "Medical Travel Destination of the Year" by the International Medical Travel Journal in 2017. Revenue from medical tourism Malaysia was RM1 billion in 2016 from an estimated 900,000 medical tourists; Penang was the state that attracted 60% of medical tourism revenue. There are 7 renown hospitals, including Gleneagles Medical Centre and Penang Adventist Hospital.

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.