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Malaysia was ranked 5th in the 2019 Annual Global Retirement Index by US magazine, International Living, while Penang took home as one of the best cities to live in. In recent years, Penang has been widely chosen as a retirement destination by those from Hong Kong who pursue a high-quality retirement.

Ashton Hawks is unveiling Marriott Residences Penang^, a seafacing residential project located on Gurney Drive in George Town. The residence is centrally-located among shopping malls, renowned cuisine, international schools and hospitals, where residents will receive complimentary concierge services hosted by hospitality group Marriott International.

^ Marriott International will only provide concierge services to owners and residents, and will not partake in any leasing related matters.

*** Latest Penang Project Price from RM 1.5M / 10% Down Payment  ***

^ Marriott International will only provide concierge services to owners and residents, and will not partake in any leasing related matters.

*Projected Rental Yield and is not guaranteed. Subject to Terms & Conditions. Prices are for reference only.

Disclaimer:

The Marriott Residences Penang are not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). Taman Sri Bunga uses the Marriott marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made herein. Images shown here are artist’s impression only. All the information and illustrations contained herein are subject to change without prior notice, and cannot be relied upon as an accurate description of the products.

The information, text, photos contained herein are provided solely for the convenience of interested parties and no warranty or representation as to their accuracy, correctness or completeness is made by Ashton Hawks or the sellers, none of whom shall have any liability or obligation with respect thereto. These offerings are made subject to contract, correction of errors, omissions, prior sales, change of price or terms or withdrawal from the market without notice. Information provided is for reference only and does not constitute all or any part of a contract. Our sales representatives for overseas properties work exclusively in relation to properties outside Hong Kong and are not therefore licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Advertised images are computer generated renderings, all prices only applicable for the seminar period

Digital illustrations are indicative only

The economy of Ho Chi Minh City, Vietnam has been booming with very positive results, making it a great investment hotspot especially for foreign investors. Billions of dollars have been poured in from overseas renowned enterprises to result in a promising GDP growth of 6.68% year-on-year in the fourth quarter of 2016†. The government, on the other hand, also helps boost the economic upturn with various infrastructure developments like the new airport terminal by Year 2025, the upcoming Metro Lines (MRT) by Year 2020, and the transformation of Thu Thiem into the “West Kowloon” / “Pudong” of HCMC etc., all will draw an influx of income to the flourishing city. Moreover, with Vietnam’s new residential housing law implemented on 1st July 2015 allows foreigners to buy properties in the country for a 50-year leasehold with renewal possibility upon expiration, the promising city has secured itself in the property market with an outlook for lucrative return. We invite you to join our seminar to find out more about HCMC, the new housing law, as well as the full potential the vibrant city possesses.

Diamond Island—the first and only resort marina in HCMC developed by Kusto Home will be launched in Hong Kong during our event.

† figure according to Bloomberg

***Kusto Home’s HCMC Project from HKD2.5M / 10% Downpayment/ 
Gross Rental Guarantee 8% p.a. for 2 Yr ***

Introducing the new residential housing law of Vietnam for foreigners

PowerPoint Presentation

 

PowerPoint Presentation

 

Vietnam Property Market Updates

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Above: The starting price of high-end properties in HCMC are significantly lagging behind other South East Asian countries

 

rental-yieldAbove: Vietnam properties currently offer an attractive rental yield of 8% p.a.

 

Vietnam Economy

Picture1Above: In Q3/2016, GDP growth reached 6.4% YoY, and the target for 2017 is 6.7%

 

unnamedAbove: The economy has become a manufacturing hub for companies such as Samsung, which is Vietnam’s biggest exporter

 

Vietnam Infrastructure Projects

 

1. New Metro Lines (MRT) by Year 2020

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2. US$16B New Airport in HCMC by Year 2025

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3. The Regeneration of Thu Thiem – the new CBD: “West Kowloon” / “Pudong” of HCMC

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Introducing The Developer – Kusto Home

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The Project – Diamond Island

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The Project Location

The Project is located at District 2 which is very near to The New CBD Thu Thiem Area (the “West Kowloon” / Pudong” of HCMC) and well-connected to private international schools, shopping malls, supermarkets, restaurants, cinemas and government offices.

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Private-Schools

There are 6 private international schools in this area, including British International School, Australian International School, Saigon Star International School, International School Ho Chi Minh City and Eaton House Kindergarten.

Cinemas

restaurants

Supermarkets

Project Highlights:

DI_project Summary

  • Condominium units from around HKD 2.5M*
  • First downpayment: 10%
  • Net area from 101.90 sq. m. to 393.60 sq. m. (1,096 sq. ft. to 4,236 sq. ft.), ideal for expat families
  • Prices from HKD 1,800 p.s.f.
  • 2 to 4-bed and some duplex units available
  • Freehold for Vietnamese; Leasehold 50 years with renewal possibility for foreigners – the property immediately becomes freehold when a foreigner resells the unit to a local Vietnamese
  • Located close to the Thu Thiem regeneration area which is poised to be the “West Kowloon” / “Pudong” of HCMC
  • Developed by Kusto Group based in Singapore, with current assets in excess of US$1 billion
  • Vast water surface and green area surrounding give Diamond Island wide open and privacy spaces, natural air, cool river wind, spectacular view to CBD
  • 86.7% of the site for is dedicated to landscaping, increasing the density of greenery to 16 sq.m. per person, which is higher than other developed cities (10 to 14 sq. m. per person).
  • Exclusive access to a wide array of amenities, including a renowned holistic Sancy spas, fitness centre, outdoor swimming pool, supermarket and more
  • 1:1 Car Park Allocation per unit
  • Fully furnished and finished units*
  • 2-Year guaranteed gross rental yield of 8% p.a.*
  • Booking of the units can be done in Hong Kong without the need to travel to Vietnam

*Terms & conditions apply