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Aston Minka Residences – Open House (25 & 26 May 2024) Bukit Mertajam/ 18 May 2024
Aston Minka Residences is the first dual-key concept low-density affordable houses development along Jalan Aston, is poised to become the next future landmark in Bukit Mertajam. Aston Minka is a perfect affordable house in which it provide you with a fully furnished home. With two separate entrances, the dual key concept is the solution for families who wish to look after their parents and kids, while still preserving the privacy between them living under the same roof. Excited for the Aston Minka Open House? Jayamas warmly invite you to experience the splendor of the Aston Minka Show Unit on 25 & 26 May, Saturday and Sunday, from 10:30 am to 4 pm! Don’t miss out on this exclusive opportunity to uncover the home of your dreams! Date: 25 & 26 May 2024 RSVP now!
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PROJECT LOCATION Tags: aston minka, condominium, jayamas, residential George Town Esplanade project wins ‘Project of the Year’ awards Property News/ 18 May 2024
The George Town Esplanade project has won three awards, including the highest accolade – the Project of the Year award – at the 14th Malaysia Landscape Architecture Awards (MLAA14). The project, which encompasses the Esplanade Sea Wall and the Linear Garden, secured the Excellence Award in the Professional Design Category and the Preservation and Conservation Award, in addition to the Project of the Year award. The results were announced during the MLAA14 Gala Dinner, held on May 11 at a hotel in Kuala Lumpur. Chief Minister Chow Kon Yeow who announced the win at a press conference at Komtar said reinforcing the Esplanade Sea Wall was first initiated in 2018 due to ongoing deterioration of the old sea wall that posed a hazard to public safety. “The project was completed in 2022, followed by the Linear Garden Upgrading Project, completed in 2023 at a cost of RM1.4mil,” said Chow. “The objective was to improve the overall green space within the North Seafront and to re-integrate the Cenotaph War Memorial Civic Space with the public domain of the North Seafront.” Chow highlighted that both projects were the result of a strong public-private partnership, involving the collective efforts of the state government, the Penang Island City Council (MBPP), the George Town Conservation and Development Corporation (GTCDC), the Aga Khan Trust for Culture (AKTC), and a team of dedicated professional consultants. Malaysia Landscape Architecture Award event director Charles Teo said this was the first time in the award’s history that a recipient of the Preservation and Conservation Awards had also gone on to clinch the Project of the Year Award. Source: TheStar.com.my Tags: esplanade Convent Light Street conversion to international school ‘on track’ Property News/ 17 May 2024
Plans to convert one of the nation’s oldest schools, Convent Light Street (CLS) in Penang, into an affordable international school – a first for the country – is on track, Melinda Lim said. The architect behind the move to turn the school into an international one said the process is on course. Lim, who is of the CLS Class of 1981, said that her company is fine-tuning the details. Lim has established a chain of two international schools in the Klang Valley; Sri Emas, Dwi Emas, and it is also operating the MIT Stem school. The learning institutions are owned and operated by ACE Edventure Sdn Bhd. She is a co-founder of ACE with her sister Anne Tham. Lim said there is demand for subjects that advance career growth, such as in science, technical, engineering and mathematics (STEM). “We work closely with the authorities to ensure that we can provide the best and affordable options for parents who are keen to expose their children to the new age form of learning.” CLS is the first Catholic school in Penang to be upgraded into an international school. It is also the oldest convent-type school in the region. Lim said the school will be affordable to all Malaysians. The school’s landowner, the Infant Jesus Sisters, decided to convert the school after a drop in enrolment as families moved out of the George Town city centre to the suburbs in Bayan Baru and Tanjung Bungah. Female students of CLS have since moved to neighbouring St Xavier’s Institution, which became a co-ed school in 2023. “We will abide by the ethos of the IJ Sisters. We want to represent the convent well to provide education in an inclusive manner, not in an exclusive way,” said Lim. On what is new age learning, Lim cited the example of Sri Emas, which offers, besides conventional studies, a computation curriculum. Students are taught to write and develop e-sports software. At Dwi Emas, the students learn entrepreneurial skills while at MIT Stem, the focus is on STEM skills. “We also make schooling fun and enduring. Many of our students can’t wait for the school holidays to end.” Another notable difference is that Lim mostly employs professionals such as doctors, engineers, historians, and lawyers to teach. They are retrained to have effective teaching skills. “They are graduates in their chosen field such as medicine, but they prefer to teach rather than pursue their professional fields,” said Lim. Lim is the chief academic officer at the schools. She said it is important that students hone skills in areas that can make them competitive in an increasingly globalised world. The CLS Class of 1981 recently marked its 50th anniversary celebration with a trishaw ride and a visit to their old classrooms and canteen. Among the old students were Joan Lim-Choong, former Mount Miriam Hospital chief executive officer, and Juli Murshidah, a veteran journalist, who began her career at The Star in the 1980s. The school was closed in March. Source: TheVibes.com Tags: cm interview, convent light street Property transactions in Q1 2024 up 34.3% Property News/ 16 May 2024
The Malaysian property market was active in the first quarter of 2024 (1Q24), recording a 34.3% growth compared to the first quarter a year ago, with more than 104,297 transactions worth RM56.53bil, a 34.3% jump in transaction value. Valuation and Property Services Department director-general Abdul Razak Yusak said in terms of volume, property sub-sectors recorded positive growth in 1Q24; the commercial sub-sector grew by 33.4%, residential by 16.6%, industry by 14.3%, agriculture by 13.7% and development land and others, 10.7%. “The residential sub-sector continues to dominate market activities with over 62,000 transactions, valued at over RM25bil, comprising nearly 60% of overall property market activities. “Housing priced at RM300,000 and below dominate the market with 33,500 transactions, comprising more than 50% of total transactions,” he said when presenting the 1Q24 Real Estate Market Report in a live broadcast on Facebook yesterday. According to Abdul Razak, construction activities also showed positive growth in 1Q24 when commencements rose to more than 21,300 units, an increase of almost 8% from the previous year, while planned new developments decreased to around 11,000 units. New residential launches increased by 19.8% to 5,585 units from 4,661 units in 1Q23. The serviced apartment segment saw a 70% spike in completed units to 5,500. Projects starting construction and planned new developments each rose by more than 100% versus the same quarter in 2023. The Malaysian House Price Index rose marginally by 0.5% to 216.9 points, with house prices averaging RM468,000 a unit, Abdul Razak said. “All states recorded moderate growth of between 0.5 and 4.6%, except for Kuala Lumpur, Penang, Perak, Melaka, and Sarawak, where prices contracted by between 0.2% and 2%. “Terraced housing remained stable with a positive 1.8% growth while other types of housing recorded a marginal decrease,” he said. Completed unsold housing, commonly known as a residential overhang, decreased to 24,208 units worth RM16.49bil compared with 25,816 units worth RM17.68bil in 4Q23. Serviced apartment overhang rose by 5.2% to 21,913 units, with a 9.7% rise in ringgit value to RM18.16bil. “Serviced apartment units priced between RM500,000 and RM1mil make up 58.1% of the total overhang,” he said. Source: Bernama Tags: Cove by the Pier: A new vision for Penang’s agro-tourism Property News/ 15 May 2024
A Malaysian tuna fishing and trading company, Alpha Ocean Resources Berhad (AORB), is set to revitalize the Swettenham Pier area in Penang with an ambitious agro-tourism initiative named “Cove by the Pier.” This project aims to transform the existing warehouses into a dynamic tuna landing port and multifaceted tourism hub. Deputy Chief Executive Officer Sylvester Pua of AORB recently presented the preliminary design proposal to Penang Chief Minister Chow Kon Yeow. The project envisions six distinct zones: a tuna landing zone, Maritime Legacy, Heritage Luxe, Culinary Bay, Urban Retreat, and Market Wharf. Additionally, Pua proposed the creation of a bazaar-style commerce strip to enhance local entrepreneurship and enrich the experience for cruise passengers. The initiative not only aims to boost the initial impressions of visitors disembarking at the pier but also seeks to honor and integrate the heritage aspects of the area. During the briefing, AORB project manager Nosly Wazid Kasmani introduced a complementary proposal for a super-frozen (-60°C) tuna and seafood export project, adhering to the standards of the Organisation For the Promotion of Responsible Tuna Fisheries (OPRT). Chief Minister Chow expressed appreciation for the comprehensive briefing, highlighting the importance of collaboration with the Penang Port Commission (PPC) and other relevant bodies under the Transport Ministry, which oversee the administration and development of Penang Port. Chow acknowledged that while this was not the first briefing on the warehouse transformation, he remains hopeful that AORB’s proposals will receive due consideration from the ministry and associated entities. The project has garnered attention from key stakeholders and international business partners, including representatives from Taiwan and Japan. With its innovative approach, the Cove by the Pier project promises to enhance Penang’s agro-tourism landscape, fostering economic growth and cultural preservation simultaneously. Tags: swettenham pier (责任编辑：) |
