Findings Show – Malaysians Are Wary Of A Possible Property Bubble, But Remain Upbeat

A total of 3,459 people responded to the online survey on iproperty.com.my from 5th December 2011 to 19th January 2012.

The results showed that 62.3% of survey respondents were keen on purchasing property in the next 6 to 12 months, with 71.3% stating that they had a budget under RM 500,000. Interestingly as well, 28% of respondents wished to purchase property as investment for resale, more than in other survey respondents in the other regions.

The low barriers to property ownership and the healthy property price growth in the country, makes Malaysia an attractive country for not just locals but also foreigners to invest in. This can be attributed to several factors such as low mortgage rates, financing of up to 100%, stamp duty exemptions, long repayment periods, up to 30 years, or until age 75, which makes homeownership for Malaysians easy.

The most important issue for concern in the Malaysian property market was that of rising house prices. However, a significant number of people surveyed also expressed high concern about home financing policies and interest rates, as well as errant developers and building quality.

A full copy of the report can be downloaded at: www.iproperty.com.my

Popularity: 5%

A Love That Will Last

A Place For The Arts

Happy Valentine’s Day! As the world celebrates this day dedicated to lovers everywhere, we take a different look at the love affair for the heart and soul of a city.

Georgetown has always attracted those with a particular love for the arts and heritage and in the past few months, we have had the privilege to witness how the passion, dedication and simple vision to share one’s personal love of art and heritage transform into a vibrant space for the arts.It adds value to the way performing arts are experienced and in so doing enriches the lives of those dwelling within the city limits.

In our exclusive with Narelle McMurtrie, owner of China House in Georgetown, Penang last month, there were some behind-the-scenes shots that we captured to show her love affair with Penang’s art scene.

The Food Had The Crowd Eating Out Of China House's Hands

The first clue that tipped us off to her love of the cultural heritage of Penang was reflected in the gilded mirrors that adorn the ground floor dining area. Of course, there was the food itself, an array of Western and local delights, that enticed the taste buds.

Celebrating Local Handmade Jewellery

The jewellery gallery next to the main dining area welcomes all to take a look at the handmade items and appreciate wearable art.

The Art Gallery Upstairs

Talking about art, we were led upstairs where the art gallery and performance space was. There are various activities held at the theatre besides contemporary art exhibitions, among them open-mic nights and live band gigs on different nights of the week.

A Testament Of Good Times Here

All in all, we came away from the interview and photo shoot we had at China House with a brand new take on Narelle’s love affair with the culture and crafts of various locals whether in the performing arts scene, fashion or even food and beverage.

The Courtyard That Joins Both Shophouses

There are two entrances to China House, as it consists of two pre-war shophouses that are back-to-back and joined with a courtyard. Another one of Narelle’s passions, animal rescue, is evident here as the wading pool is used by the dogs she rescues to learn how to swim. The main frontage is on Beach Street while the quieter one faces Victoria Street. With the walkabout ending on Victoria Street, we had a good look at how different passions come into play to make China House a labour of love for something that will last.

Victoria Street Signs The End of Our Walkabout

Text, Coordination & Photos by Yan Yi. All Rights Reserved.

Kindly contact owner for reuse of text and images.

Popularity: 16%

10 of the World’s Greatest Mansions and Grand Houses

In an article posted in Lonely Planet website recently, it showcased 10 of the World’s greatest mansions and grand houses in the world.

We were thrilled to see that Cheong Fatt Tze Mansion, located in the Pearl of the Orient, Penang, also made the list.

1. Marble Palace Mansion, Kolkata, India

The extraordinarily grand 1853 Marble Palace Mansion is indulgently overstuffed with statues and lavishly floored with marble inlay. The house is a blend of neoclassical and traditional Bengali architecture, and filled with chandeliers, mirrors and clocks. Amid the eclectic jumble of objects you’ll find a mahogany bust of Queen Victoria and paintings by Rubens and Titian. There’s also a lake and an aviary with peacocks and cranes. Yet the mansion’s fine paintings droop in their dusty frames and the antique furniture is haphazardly draped in torn old dust sheets. It would make a great horror movie set. The Mansion is still a private residence and you can only see it by tour. You’ll also need a permit from West Bengal Tourism

2. Cheong Fatt Tze Mansion, Malaysia

Built in the 1880s, the magnificent 38-room, 220-window Cheong Fatt Tze Mansion was commissioned by Cheong Fatt Tze, a local merchant trader who left China as a penniless teenager and ended up as ‘the Rockefeller of the East’. The mansion blends Eastern and Western designs, with louvered windows, art nouveau stained glass and beautiful floor tiles, and is a rare surviving example of the eclectic architectural style preferred by wealthy Straits Chinese of the time. The house sits on the ‘dragon’s throne’, meaning that there is a mountain (Penang Hill) behind and water (the channel) in front – the site was chosen for its excellent feng shui. The building was rescued from ruin in the 1990s. You can visit it and also stay in the exclusive hotel.

3. Werribee Mansion, Australia

The 19th century was boom time for this corner of Australia; at one stage during the gold rush, Melbourne was the richest city in the world. The good times are reflected in the city’s lavish Victorian architecture. Werribee Mansion was built in the Italianate style by the Chirnside family, wealthy pastoralists, in 1877, and is a solid testament to colonial ambition. It sits in charming formal gardens with a lake, glasshouses, a grotto and a sculpture walk. The Werribee Park Shuttle runs return services from central Melbourne. Check www.werribeeparkshuttle.com.au for schedules and fares.

 4. Villa d’Este, Italy

In Tivoli, near Rome, the High Renaissance Villa d’Este was a Benedictine monastery before Cardinal Ippolite d’Este (Lucrezia Borgia’s son) transformed it into a pleasure palace in 1550, and withdrew here to recover from his disappointment after a failed bid to be pope. It’s set around a courtyard, and has frescoed ceilings and a central room looking out onto the fantasyland of the gardens, with their hundreds of whimsical water features: fountains, pools, grottoes, nymphs, dragons, winged horses and a water organ. The villa is open from Tuesday to Sunday from 8am to one hour before sunset.

5. Castle Howard, England

Stately homes may be two a penny in England, but you’ll have to try pretty hard to find one as breathtakingly stately as Castle Howard, a work of theatrical grandeur and audacity set in the rolling Howardian Hills. This is one of the world’s most beautiful buildings, instantly recognizable from its starring role in the ’80s TV adaptation of Brideshead Revisited. It took three earls’ lifetimes to build; it’s still inhabited by the Howard family, but you can take tours of the house and grounds (18th-century walled garden, roses, delphiniums, temples, fountains and all). Castle Howard is 15 miles northeast of York, off the A64. There are several organised tours from York.

 6. Fallingwater, Pennsylvania, USA

A Frank Lloyd Wright masterpiece from the 1930s, Fallingwater is a typically clean-lined, cantilevered structure that appears to float over a waterfall. It was built for the Kaufmann family, wealthy department-store owners, in the woods of southern Pennsylvania. The house is made of locally quarried stone, bringing it into harmony with the landscape – it’s almost like rocks have risen up out of Bear Run creek and shaped themselves into the house. Inside it has an almost Japanese minimalism, with the sound of the waterfall burbling in every room. It’s set in forested gardens that also blend seamlessly with the natural environment. To see inside the house you must take one of the hourly guided tours; reservations are recommended.

 7. Château de Chambord, France 

Chateaux don’t get any grander than Chambord, built in the 16th century by François I so he could hunt deer and hang out with his mistress. Its most famous feature is its ingenious double-helix staircase. Attributed by some to Leonardo de Vinci, the two helixes ascend three stories without ever meeting. Then there’s the Italianate rooftop terrace, where you’re surrounded by so many towers, cupolas, domes, chimneys, mosaic slate roofs and lightning rods that it’s like being in a small city. It was here that the royal court assembled to watch military exercises, tournaments and the hounds and hunters returning from deer-stalks. Chambord is in the Loire Valley. Get a train from Paris Austerlitz to Blois; there’s a Blois–Chambord shuttle from May to September.

8. Catherine Palace, Russia

The baroque Catherine Palace was initially built by Peter the Great’s wife, Catherine I, as a summer pleasure palace. Elizabeth, her daughter, spent her life remodeling and extending the palace with the help of her architect Bartolomeo Rastrelli, who later designed the Winter Palace. In her day the entire exterior was picked out in gilt. Catherine II made slightly less flashy additions such as the Agate Room and a Chinese drawing room. The Catherine Palace was raided and gutted by German forces during WWII, but has since been largely restored. Don’t miss the stunning (replica) Amber Room with its solid amber panels and amber parquetry floor. The Catherine Palace is in the village of Tsarkoye Selo, an easy day trip from St Petersburg.

9. Sleeper-McCann House, Massachusetts, USA

The lavish ‘summer cottage’ of interior designer Henry Davis Sleeper has over 40 rooms and is also known as the Beauport House. Sleeper toured New England in search of houses about to be demolished and bought up selected elements from each: wood paneling, furniture, wallpaper, colored glass and china. In place of unity, Sleeper created a wildly eclectic but artistically surprising – and satisfying – place to live. The mansion sits on rocks overlooking Gloucester Harbor and has Arts-and-Crafts-style terraces leading down into a series of garden ‘rooms’. The house is in Gloucester, Massachusetts. You can visit the house between June and October, Tuesday to Sunday from 10am to 5pm. The last hourly tour begins at 4pm.

10. Powerscourt, Ireland

Powerscourt is a phoenix house, gutted by fire in the ’70s but now restored to its full Palladian glory. It started out as a 13th-century castle but was remodeled in the 18th century – additions included a stunning double-height Georgian ballroom. The house is set in the Wicklow Mountains amid 47 acres of Italianate gardens with fountains, grottoes, terraces, cascades, fish ponds, a walled garden and a mile-long beech avenue with 2000 trees. Visit the nearby village of Enniskerry, built in 1760 by the Earl of Powerscourt so his laborers would have somewhere to live.

© 2011 Lonely Planet

Popularity: 42%