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Penang, Malaysia Capital: George Town Language Spoken

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Penang, Malaysia Capital: George Town Language Spoken BY THE SEA, BATU FERRINGHI, PENANG Penang, Malaysia Capital: George Town Language Spoken: English, Chinese, and Malay Area: 1,048 KM2 Population (State): ~ 2 million Population (Island): ~1.4 million Currency: Ringgit ( RM1 = Approx. RUB 10.5) GDP per Capita: USD $10,893 Location: Penang is a state in Malaysia, located on the northwest coast of Peninsular Malaysia. Geography: Penang is divided into two, Penang Island to the west and Seberang Perai on the peninsula. Direct Flights: Bangkok, Guangzhou, Hong Kong, Indonesia, Kuala Lumpur, Phuket, Singapore, Taipei are within 5- hour flight. Penang’s capital, George Town, is a UNESCO World Heritage Site with a unique architectural and cultural townscape representing the British era of the 18th century. Cost of living in Penang Items RM RUB (RM1= 10.5 RUB) Avg. Price Per m2 to Buy Apartment in City Centre 6,173 64,817 Avg. Price to Rent 1 Bedroom Apartment in City Centre per month 1,550 16,275 Basic Utilities (Electric, Heat, Water, and Garbage) for 85 m2 Apartment 175 1,838 New Volkswagen Golf 1.4 Car 150,000 1,575,000 Gasoline (1 liter) 2.07 21.75 Simple Meal 6 63 Avg. Monthly Salary 3,183 33,422 Updated in May 2014, data is based on 759 entries in the past 18 months from numbeo.com Economy - Penang is not only a thriving tourist destination, but also one of the most developed and economically important states in Malaysia. - Penang is one of the states in Malaysia with the highest Foreign Direct Investments (FDI) - Top 5 economy sectors in Penang are: 1) Manufacturing 2) Finance 3) Tourism 4) Science and technology 5) Shipping - Many high-tech electronics plant such as Dell, Intel, AMD, Altera, Motorola, Agilent, Renesas, Bosch and Seagate are located on the southern part of Penang Island. - Penang is a traditional banking hub with many international and local banks like Citibank, HSBC, Standard Chartered Bank, and Bank of China having a presence to support the local business environment. - Penang is known for its quality private hospitals and it is a popular medical tourism destination in the region— contributing the highest revenue for the Medical Tourism sector in Malaysia. Why Penang? - There are beautiful beaches located in the northern part of Penang—Tanjung Bungah, Batu Ferringhi, and Teluk Bahang are home to many famed 5 star hotels and resort belt. - Within 5hour flight to major Asian cities—Bangkok, Hong Kong, Singapore, Kuala Lumpur, Taipei, Indonesia. - Land on the island is scarce and there have been healthy capital appreciation in the real estate prices over the past few years due to this factor. - A UNESCO World Heritage Site and one of Asia’s greatest travel destinations. - Top in Green initiatives to make Penang the first green state in Malaysia. - Top 8 island to explore before you die (Yahoo Travel, 2011) - 8 great places to retire abroad (Kiplinger, 2013) - Ranked 8th most livable city in Asia (ECA International, 2013) Project Factsheet Project Name: By The Sea Developer: Selangor Dredging Berhad (SDB) Location: Batu Ferringhi, Penang, Malaysia Batu Ferringhi (Foreigner’s Rock) is a stretch of beach on Penang Island, Malaysia. Characterized by sandy white beaches and swaying palm trees, Batu Ferringhi is one of the most popular recreation destinations in Penang. Along this famous beach are numerous internationally acclaimed hotels and resorts, namely Shangri-La’s Rasa Sayang Resort & Spa, Golden Sands Resort, Hard Rock Hotel and Lone Pine Hotel. Distance to key To Penang International Airport – 35KM Landmarks: To Georgetown – 16.8KM To Tanjung Tekong – 6.2KM Site Area: 19,023 square meter (Approximate 4.7 acres) Tenure: Freehold Development: 3 blocks that are designed as a series of terracing blocks of 5 to 11 stories high comprising mainly 2 bedroom suites. Facilities: Ground/Beach Level 1. Porte Cochere 2. Waiting Lounge 3. Concierge 4. Business Centre 5. Driver’s room 6. Beach side tilted tree house 7. Monkey Park 8. Children’s playground (Swing/flying fox/climb-and-slide) 9. Guppy pond 10. 140m jogging track / strolling path 11. Hammocks at various locations 12. 40 pax poolside function room 13. Sungai Satu – River Rehabilitation 1st floor/Podium 14. 36m x 8m main pool 15. Children’s pool (500mm depth) 16. Toddler’s wading pool (300mm depth) 17. Gym By The River with outdoor rest area Maintenance Fees: RM0.40 psf or RM4.35 psm inclusive sinking per month (for 1st year) Unit Type Sizes Price Range Podium Suite: 1,484sqft – 2,725sqft RM 1,999,800 – RM 2,508,840 147sqm – 253sqm RUB 21,597,840 – RUB 27,095,472 Suites: 1,030sqft – 1,243sqft RM 1,520,050 – RM 1,841,230 95sqm – 115sqm RUB 16,416,540 – RM 19,885,284 Executive Suits: 1,920sqft – 3,038sqft RM 2,675,490 – RM 3,871,128 178sqm – 282sqm RUB 28,360,194 – RM 41,808,182 Car Parking: Podium Suites and Suites come with 1 allocated car park space under the podium. Executive Suites come with 1 allocated car park space under the podium and 1 open car park space. Additional car park space is unavailable. Expected 1H 2015 Completion: Features of Suites: A) Additional items 1. Pantry: i. Built-in kitchen cabinets with sink ii. Electrical hob (induction) and hood iii. Kitchen appliances such as built-in refrigerator, microwave oven iv. Hot water supply 2. Living: i. Air-con unit ii. Broadband internet ready iii. Satellite and cable channels 3. Rooms i. Wardrobe or office shelving ii. Air-con unit 4. Washrooms i. Hot water supply ii. Handheld shower iii. Rain shower (Washroom 1 only) iv. Mirror v. Cabinetry below sink 5. Yard i. Washing machine ii. Dryer iii. Suspended clothes line iv. Basic open shelving 6. Audio intercom system 7. Card access to car park and lift lobby 8. Basic light / fan fittings to all units B) Podium suites 1. 2-room podium units with direct access to the pool deck 2. Terrace of 500sqft to 800sqft C) Executive suites 1. Duplex with 3-room design 2. Expansive rood terrace of 360sqft to 720sqft 3. Pantry that comes with wine chiller for selected designs Appointed Solicitor: Halim Hong & Quek Advocates & Solicitors Suite 9-8, Level 9 (Lobby B) Wisma UOA II, 21 Jalan Pinang, 50450 Kuala Lumpur Tel: +6013 2710 3818 Financing: Free legal fees for SPA documentation Margin of financing: - Malaysians: Up to 90% - Foreigners: Approximately 50% Payment Terms: Booking fee: RM10,000 (Non-refundable) Signing SPA: Balance 10% (Within 14 days of booking) Subsequent Stages As per 3rd Schedule of the Sale & Purchase agreement For further enquiries, please contact: Rui Hoe +65 8288 8837 [email protected] Property Pinpoint Pte Ltd 137 Market Street, Level 6 Singapore 048943 T: +65 6809 3891 F: +65 6809 3701 Website: www.ppinpoint.com Property Pinpoint Pte Ltd for themselves and for the vendors or lessors of this property whose agents they are, give notice that the particulars do not constitute, nor constitute any part of an offer or a contract. All statements, contained in these particulars as to this property are made without responsibility on the part of Property Pinpoint Pte Ltd, or vendors or lessors. All descriptions, dimensions, and other particulars are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of the each of them. No person in the employment of Property Pinpoint Pte Ltd has any authority to make or give any representation or warranty whatever in relation to this property. .
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