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New Developments

Alila2

From HK$3,558,000

Description

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/monorail/tram networks, 3 highways & roads, and 1 undersea tunnel complementing the existing public buses and expansive highway networks. The estimated date of completion is 2025.1

•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 have chosen Penang as their location of choice to do business, including Dell, Sony, and AMD2. The conferment of the UNESCO World Heritage status to George Town, the city centre, in 2008 has put Penang onto the international spotlight. Each year, the Penang International Airport handles up to 6.5 million passengers3, and is the 2nd busiest airport handling international passengers after Kuala Lumpur International Airport4. From Hong Kong to Penang there are 2 direct flights 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.

•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.4” From 2009 to 2014, Penang has received RM$250 billion in foreign direct investments5. 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.

We are pleased to present a brand new development – Alila2.

Alila2 Project Highlights:
•Freehold land
•Located in the prestigious Tanjung Bungah neighbourhood- An alluring haven perched above the upscale residential neighbourhood of Tanjung Bungah, Penang. Only a 10 minute drive to the beach resort area of Batu Ferringhi where the Shangri-la Rasa Sayang and Hard Rock Hotel are located, and a 15 minute drive to Gurney Drive and George Town (the city centre).
•270 low-density residential units
•9.8 acres, 47% dedicated to green space
•Green Building Index (GBI) Gold Certification
•Panoramic lush green mountain and sea views
•5-star facilities, including an infinity pool and more.

Alila2 is brought to you by Hunza Properties Group, a multi-award winning Malaysian developer established for close to 40 years. They are the developer behind the modern & integrated Gurney Paragon Mall in Penang.

Project Summary:
•From 1,905 (3 bedrooms) to 5,789 sq. ft. (5 bedroom duplex)
•From HK$3,836,000 including parking spaces & storage lockers (MYR:HKD = 1:2)
•4% predicted rental yield
•Up to 70% mortgage loan available
•Favorable currency rate
•Completion date: Q4 of 2017

1Source: Malay Mail Online http://www.themalaymailonline.com/malaysia/article/penang-embarks-on-rm27b-transport-masterplan-with-mrt-trams-water-cabs
2Source: UOB Press Release 2016
http://www1.uob.com.my/about/news/2016/pressR_apr04_2016.html?keepThis=true&TB_iframe=true&width=560&height=400/
3 Source: The Malaysian Reserve http://www.themalaysianreserve.com/new/story/penang-international-airport-increase-capacity
4 Source: Triposo http://www.triposo.com/poi/T__e6a495d2f898
5Source: http://www.matrade.gov.my/en/foriegn-buyers-section/69-industry-write-up–products/557-electrical-a-electronics

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Disclaimer

Whilst every care has been taken in the preparation of these materials, Jade Land Properties 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. 免責聲明:翡翠島物業(香港)有限公司在準備上述資料時已力求準確無誤,惟本公司與上述相關業主/銷售商均不明示或暗示確保本廣告所載資料之完整性及準確性。本廣告所載資料並不構成要約或合約的一部份。樓價及其他詳情在廣告刊登時準確。讀者應自行查詢有關資料以核實其真確及有效性。