Belleview to launch RM800 million worth of properties in Penang

KUALA LUMPUR: Penang-based Belleview Group aims to launch six projects worth some RM800 million, from now until next year-end, its founder and managing director Datuk Sonny Ho said.

Among the launches are All Seasons Park and Place, Melody Homes, Bukit Dumbar Residences, 6-Western Avenue, high-end condominium development Moulmein Rise and landed project W Residence, all in Penang.

Officially launching tomorrow Dec 5 is the long-awaited freehold All Seasons Park condominium offering 808 units in four blocks. Tagged from RM248,900, the built-ups of these condo units range from 856 sq ft to 2,333 sq ft.

The 2-storey retail component of the project – the 45,000- sq-ft All Seasons Place – is scheduled for launching January next year. A total of 120 units will be leased.

The All Seasons project is on a site of an abandoned project. The state government had appointed Belleview to revive the project on a 20-acre site. The developer then decided on a new building plan for the site comprising two developments – All Seasons Park and Place, as well as Melody Homes.

Melody Homes comprises 500 apartment units which will be officially launched next year. These units with built-ups from 700 sq ft opened for sale in July from RM159,900. At press time, some 50% has been taken.

Ho said he plans to float the company on the local bourse before his retirement in 2014.

Read more about the developer and its future launches in the Dec 7 , 2009 ssue of City & Country, the property pullout of The Edge Malaysia.