We received a copy of letter today, asking the bank to release 10% payment as the foundtaion of the building has been completed.
There are 14 units of 2 Storey Terrace House altogether reaching the same stage.
Have not been driving to the other side of the island for some time. Still thinking that it's too far. Must get start to get used to it!
Tuesday, March 9, 2010
Sunday, January 3, 2010
Updates 3rd January 2010
Here's the latest construction progress. The prices are RM416k for 20x62 and RM424k for 20x64 (if I remember correctly). There are few units left....
Tuesday, December 8, 2009
Botanica. CT to Construct International School
Quoted from Business Times: Wednesday, December 09, 2009, 09.25 AM
THE sleepy hollow of Balik Pulau on Penang island is set to buzz with the construction of an international school soon.
Penang-based property developer MTT Properties and Development Sdn Bhd, which is developing the 120ha "Botanica. CT" township in the south-west district of the island, has begun earthworks for a full boarding international school that will be sited within the development.
The establishment of the school in the township is expected to enhance demand and value of properties within the development.
"The school will offer the British curriculum system for students of Year 7 onwards and will be able to house 800 students," MTT Properties and Development group general manager Jason Tan told Business Times. The first enrollment for the school - which is expected to incur development and set-up costs of close to RM100 million and sprawled over 2.8ha of land - is planned for September 2011, Tan added.
Botanica. CT is undertaken by MTT Properties and Development, which is a subsidiary of MTT & Priority Group of Companies and has a history which dates back to 1963.
"Apart from full boarding facilities, the school will have a state-of-the-art library, science laboratories, workshops, a multi-purpose hall, concert auditorium, tennis and netball courts, swimming pools and a football field.
"About 40.6 per cent on which the school land is sited has been earmarked to be left as open or green areas," Tan said.
Penang is currently home to several international schools including the International School of Penang (commonly known as Uplands School), St Christopher's International Primary School, Fairview International School, Tenby International School and Dalat International School, which are all located in the north-east district of Penang.
Tan said MTT Properties and Development is hoping to launch the third and fourth phases of its CT.Botanica development next year.
"Phase 3, which carries a development value of around RM65 million, will feature 103 residential homes, with two- and three-storey super-link homes and two-storey semi-detached home. These will be completed in 2012," he said.
Phase 4, which is slated for completion in 2012, will comprise 29 tropical hillside three-storey villas, with seven exclusive designs and boasting their own pools.
The project's first phase was launched in 2006 and the majority of its buyers are locals, with approximately 10 per cent of them comprising foreigners from the UK and South Korea.
"While Phase 3 is likely to be owned by local homeowners, the fourth phase may probably have more foreign investors and we hope the setting up of the international school will help us attract even more foreign buyers," Tan said.
The company plans to market its Tropical Hillside Villas in Singapore, Taiwan, Hong Kong, China, Japan, South Korea and Indonesia.
"London is also a focus for us, due to the existing familiarity with Penang and the potential links which may be created due to the international school," he added.
THE sleepy hollow of Balik Pulau on Penang island is set to buzz with the construction of an international school soon.
Penang-based property developer MTT Properties and Development Sdn Bhd, which is developing the 120ha "Botanica. CT" township in the south-west district of the island, has begun earthworks for a full boarding international school that will be sited within the development.
The establishment of the school in the township is expected to enhance demand and value of properties within the development.
"The school will offer the British curriculum system for students of Year 7 onwards and will be able to house 800 students," MTT Properties and Development group general manager Jason Tan told Business Times. The first enrollment for the school - which is expected to incur development and set-up costs of close to RM100 million and sprawled over 2.8ha of land - is planned for September 2011, Tan added.
Botanica. CT is undertaken by MTT Properties and Development, which is a subsidiary of MTT & Priority Group of Companies and has a history which dates back to 1963.
"Apart from full boarding facilities, the school will have a state-of-the-art library, science laboratories, workshops, a multi-purpose hall, concert auditorium, tennis and netball courts, swimming pools and a football field.
"About 40.6 per cent on which the school land is sited has been earmarked to be left as open or green areas," Tan said.
Penang is currently home to several international schools including the International School of Penang (commonly known as Uplands School), St Christopher's International Primary School, Fairview International School, Tenby International School and Dalat International School, which are all located in the north-east district of Penang.
Tan said MTT Properties and Development is hoping to launch the third and fourth phases of its CT.Botanica development next year.
"Phase 3, which carries a development value of around RM65 million, will feature 103 residential homes, with two- and three-storey super-link homes and two-storey semi-detached home. These will be completed in 2012," he said.
Phase 4, which is slated for completion in 2012, will comprise 29 tropical hillside three-storey villas, with seven exclusive designs and boasting their own pools.
The project's first phase was launched in 2006 and the majority of its buyers are locals, with approximately 10 per cent of them comprising foreigners from the UK and South Korea.
"While Phase 3 is likely to be owned by local homeowners, the fourth phase may probably have more foreign investors and we hope the setting up of the international school will help us attract even more foreign buyers," Tan said.
The company plans to market its Tropical Hillside Villas in Singapore, Taiwan, Hong Kong, China, Japan, South Korea and Indonesia.
"London is also a focus for us, due to the existing familiarity with Penang and the potential links which may be created due to the international school," he added.
Monday, November 30, 2009
Balik Pulau: Fresh Air and Peaceful Life
I had a chat with a colleague who was born and bred in Balik Pulau.
me: Isn't it far to travel to Bayan Lepas for work?
him: No ah, not far. I leave my house at 8.25am, I arrive in office at 8.50am. Jam is at Equatorial area only. You must choose the right time to travel.
me: You enjoy staying in Balik Pulau?
him: It's a nice place what. We have fresh air... the mountains block all the pollutants. We save money because we stay home at watch tv, there's no shopping complex around. We have good schools in Balik Pulau. That's why you see ppl like us who was born in Balik Pulau, still buy houses in Balik Pulau now. We have a big pasar and we have nice laksa.
me: Then how do you buy your groceries?
him: After work, drop by Sunshine Square, get those stuffs you want and go home!
me: Flood?
him: Your area no flood one lah. Don't worry.
Now, doesn't it seem like a good place to stay? To the Suiwah Corporation management guys, since I promoted Sunshine Square here, can you all consider to have a Sunshine Store in Balik Pulau please :) ??
me: Isn't it far to travel to Bayan Lepas for work?
him: No ah, not far. I leave my house at 8.25am, I arrive in office at 8.50am. Jam is at Equatorial area only. You must choose the right time to travel.
me: You enjoy staying in Balik Pulau?
him: It's a nice place what. We have fresh air... the mountains block all the pollutants. We save money because we stay home at watch tv, there's no shopping complex around. We have good schools in Balik Pulau. That's why you see ppl like us who was born in Balik Pulau, still buy houses in Balik Pulau now. We have a big pasar and we have nice laksa.
me: Then how do you buy your groceries?
him: After work, drop by Sunshine Square, get those stuffs you want and go home!
me: Flood?
him: Your area no flood one lah. Don't worry.
Now, doesn't it seem like a good place to stay? To the Suiwah Corporation management guys, since I promoted Sunshine Square here, can you all consider to have a Sunshine Store in Balik Pulau please :) ??
Monday, October 26, 2009
Real Property Gain Tax is back!
I guess most of you would have known by now, RGPT of 5% is back. Looks like there are more considerations to be done whether to sell off or renting out current house.
We're very excited about Balik Pulau house though, thinking of the peaceful life, better air quality and hopefully the highway will be ready for shorter time to workplace. Let's cross our fingers and hope some type of super/ hyper market, be it Sunshine or Giant or Tesco or Careffour will set its presence in Balik Pulau. When ppl hear that we plan to move to BP when Palmyra is ready, their first expresssion, "So Far!!!! Are you sure????" Ya, that is currently my worry as well, but think positive!
I'm sorry that there have been no updates, too busy to go to the site for some photos on project progress. To the readers, pls send in any photos if you have, due acknowledgement will be given!
We're very excited about Balik Pulau house though, thinking of the peaceful life, better air quality and hopefully the highway will be ready for shorter time to workplace. Let's cross our fingers and hope some type of super/ hyper market, be it Sunshine or Giant or Tesco or Careffour will set its presence in Balik Pulau. When ppl hear that we plan to move to BP when Palmyra is ready, their first expresssion, "So Far!!!! Are you sure????" Ya, that is currently my worry as well, but think positive!
I'm sorry that there have been no updates, too busy to go to the site for some photos on project progress. To the readers, pls send in any photos if you have, due acknowledgement will be given!
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